Commercial Metals Company (CMC) AI Stock Analysis

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products across the United States, Poland, China, and internationally. The company processes and supplies ferrous and nonferrous scrap metals to steel mills, foundries, aluminum manufacturers, specialty steel producers, copper refineries, and smelters. In addition, it manufactures finished long steel products including reinforcing bars, merchant bars, light structural sections, and special profiles for construction, infrastructure, and industrial markets. Commercial Metals Company also produces semi-finished billets, fabricates steel for concrete reinforcement, and provides construction-related products and equipment for rent and sale.

Commercial Metals Company grew revenue from $8.91B in FY2022 to $9.39B in FY2026, generating a 5-year revenue CAGR of 6.9%. After three consecutive years of top-line declines—including a 9.9% drop in FY2024 to $7.93B and a 1.6% dip in FY2025 to $7.80B—revenue rose 20.5% in FY2026. Net income reached $655.8M in FY2026, recovering from $84.7M in FY2025, while gross margin expanded to 18.6% and operating margin rose to 9.1%. For the latest quarter ended August 31, 2026, quarterly revenue climbed 25.7% year-over-year, and quarterly earnings grew 42.2%, contributing to full-year diluted EPS of $6.82.

As of August 31, 2026, Commercial Metals Company held $775.7M in cash and short-term investments against $3.38B in total debt, resulting in net debt of $2.61B. Shareholders' equity stood at $4.70B, yielding a debt-to-equity ratio of 0.72 and a current ratio of 2.34. The business generated $1.06B in operating cash flow and $479.1M in free cash flow in FY2026. Cash deployment included $579.8M in capital expenditures, $105.9M in share buybacks, and $84.2M in dividends paid.

Commercial Metals Company closed at $64.98 on October 16, 2026, representing a market capitalization of $7.19B and an enterprise value of $9.99B. The stock trades at a trailing P/E of 11.1x and forward P/E of 10.4x, below the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its enterprise value-to-EBITDA multiple of 8.7x also compares to the peer median of 13.9x. Over the past year, CMC posted a return of 18.8%, outperforming the S&P 500 (SPY) return of 16.8%, and delivered a 5-year return of 119.4% versus 83.0% for the index.

Commercial Metals Company pays an annual forward dividend of $0.80 per share, distributed quarterly, yielding 1.23% as of October 16, 2026. The company has paid consecutive dividends for 43 years, with an annualized 5-year dividend growth rate of 8.4%. Its payout ratio is 11.4%, and the last ex-dividend date was October 28, 2026.

Wall Street coverage includes 5 Strong Buy, 3 Buy, 4 Hold, and 0 Sell ratings. The consensus mean price target is $79.27, representing a 22.0% premium over the last close of $64.98. For the fiscal year ending August 31, 2027, consensus estimates forecast revenue of $10.30B and EPS of $6.58, indicating a projected 3.6% EPS decline. Commercial Metals Company beat EPS estimates in 3 of the last 4 quarters.

This page is an AI-written research summary of Commercial Metals Company (CMC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CMC income statement, CMC balance sheet, CMC key metrics, CMC analyst forecast, CMC chart. See the CMC stock overview for the latest quote and news.