Commercial Metals Company (CMC) Balance Sheet
CMC balance sheet, FY2026
August 31, 2026 · U.S. dollars$10.26B assets = $5.56B liabilities + $4.70B equity
Both columns are drawn to the same scale: what CMC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CMC financial health
Current ratio2.34
Comfortable · current assets cover current liabilities 2.34×
Debt / equity0.72
Moderate leverage · $0.72 of debt for each $1 of equity
Equity / assets45.8%
Equity-funded · of assets funded by shareholders
Cash / debt22.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles25.1%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
CMC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.98BFY2017 | $10.26BFY2026 | +14.7%/yr | |
| Total liabilities | $1.57BFY2017 | $5.56BFY2026 | +15.1%/yr | |
| Shareholders’ equity | $1.40BFY2017 | $4.70BFY2026 | +14.4%/yr | |
| Cash & short-term investments | $252.6MFY2017 | $775.7MFY2026 | +13.3%/yr | |
| Total debt | $824.8MFY2017 | $3.38BFY2026 | +17.0%/yr | |
| Net cash (debt) | −$572.2MFY2017 | −$2.61BFY2026 | −$2.0B | |
| Working capital | $1.11BFY2017 | $2.18BFY2026 | +$1.1B | |
| Book value per share | $11.94FY2017 | $41.99FY2026 | +15.0%/yr | |
| Current ratio | 2.82FY2017 | 2.34FY2026 | −0.48 | |
| Debt / equity | 0.59FY2017 | 0.72FY2026 | +0.13 | |
| Shares outstanding | 117.4MFY2017 | 111.9MFY2026 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CMC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CMC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CMC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CMC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $775.7M | $1.04B | $857.9M | $592.3M | $672.6M | $497.7M | $542.1M | $192.5M | $622.5M | $252.6M |
| Cash & equivalents | $775.7M | $1.04B | $857.9M | $592.3M | $672.6M | $497.7M | $542.1M | $192.5M | $622.5M | $252.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $10.1M | $32.8M |
| Receivables | $1.57B | $1.20B | $1.16B | $1.24B | $1.36B | $1.11B | $880.7M | $1.02B | $749.5M | $561.4M |
| Inventory | $1.10B | $934.3M | $971.8M | $1.04B | $1.17B | $935.4M | $625.4M | $692.4M | $589.0M | $462.6M |
| Other current assets | $355.6M | $315.6M | $304.1M | $276.0M | $240.3M | $198.1M | $165.9M | $179.1M | $116.2M | $437.2M |
| Total current assets | $3.81B | $3.49B | $3.29B | $3.14B | $3.44B | $2.74B | $2.21B | $2.08B | $2.08B | $1.71B |
| Property, plant & equipment (net) | $3.45B | $2.74B | $2.58B | $2.41B | $1.91B | $1.57B | $1.57B | $1.50B | $1.08B | $1.05B |
| Goodwill & intangible assets | $2.57B | $597.7M | $620.5M | $645.0M | $507.2M | $76.2M | $77.0M | $77.5M | $78.3M | $77.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $426.1M | $336.6M | $327.4M | $440.6M | $377.5M | $259.5M | $219.6M | $100.3M | $97.7M | $131.9M |
| Total assets | $10.26B | $7.17B | $6.82B | $6.64B | $6.24B | $4.64B | $4.08B | $3.76B | $3.33B | $2.98B |
| Liabilities | ||||||||||
| Accounts payable | $540.9M | $358.4M | $350.6M | $364.4M | $428.1M | $450.7M | $266.1M | $288.0M | $261.3M | $226.5M |
| Short-term debt | $67.1M | $44.3M | $38.8M | $40.5M | $388.8M | $54.4M | $18.1M | $17.4M | $19.7M | $19.2M |
| Deferred revenue | — | — | $35.4M | $28.4M | $250.3M | $23.9M | $6.0M | $35.4M | $7.1M | — |
| Total current liabilities | $1.63B | $1.26B | $834.9M | $843.7M | $1.36B | $980.5M | $745.3M | $694.6M | $541.9M | $608.4M |
| Long-term debt | $0 | $1.31B | $1.15B | $1.11B | $1.11B | $1.02B | $1.07B | $1.23B | $1.14B | $805.6M |
| Other long-term liabilities | $3.93B | $409.7M | $532.1M | $560.0M | $480.4M | $347.7M | $381.5M | $212.9M | $154.2M | $160.2M |
| Total liabilities | $5.56B | $2.98B | $2.52B | $2.52B | $2.95B | $2.34B | $2.19B | $2.13B | $1.83B | $1.57B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $354.0M | $350.5M |
| Retained earnings (deficit) | $5.08B | $4.51B | $4.50B | $4.10B | $3.31B | $2.16B | $1.81B | $1.59B | $1.45B | $1.36B |
| Treasury stock | — | — | — | — | −$295.8M | −$152.6M | −$175.1M | −$197.3M | −$213.4M | −$232.1M |
| Accumulated other comprehensive income | −$29.2M | −$25.3M | −$86.0M | −$3.8M | −$114.5M | −$84.8M | −$103.8M | −$124.1M | −$93.7M | −$81.5M |
| Minority interest | — | $260,000 | $248,000 | $241,000 | $232,000 | $232,000 | $212,000 | — | $186,000 | $173,000 |
| Total shareholders' equity | $4.70B | $4.19B | $4.30B | $4.12B | $3.29B | $2.29B | $1.89B | $1.62B | $1.49B | $1.40B |
| Key figures | ||||||||||
| Total debt | $3.38B | $1.35B | $1.19B | $1.15B | $1.50B | $1.07B | $1.08B | $1.24B | $1.16B | $824.8M |
| Net cash (debt) | −$2.61B | −$311.0M | −$331.7M | −$562.5M | −$829.4M | −$572.0M | −$541.6M | −$1.05B | −$535.9M | −$572.2M |
| Working capital | $2.18B | $2.24B | $2.46B | $2.30B | $2.08B | $1.76B | $1.47B | $1.39B | $1.54B | $1.11B |
| Tangible book value | $2.13B | $3.60B | $3.68B | $3.48B | $2.78B | $2.22B | $1.81B | $1.55B | $1.42B | $1.32B |
| Book value per share | $41.99 | $36.76 | $36.70 | $34.74 | $26.85 | $18.81 | $15.70 | $13.63 | $12.64 | $11.94 |
| Shares outstanding | 111.9M | 114.1M | 117.2M | 118.6M | 122.4M | 122.0M | 120.3M | 119.1M | 118.1M | 117.4M |
| Current ratio | 2.34 | 2.78 | 3.94 | 3.73 | 2.54 | 2.79 | 2.97 | 2.99 | 3.83 | 2.82 |
| Quick ratio | 1.44 | 1.78 | 2.42 | 2.17 | 1.50 | 1.64 | 1.91 | 1.74 | 2.53 | 1.34 |
| Debt / equity | 0.72 | 0.32 | 0.28 | 0.28 | 0.46 | 0.47 | 0.57 | 0.77 | 0.78 | 0.59 |
| Equity / assets | 45.8% | 58.5% | 63.1% | 62.1% | 52.7% | 49.5% | 46.3% | 43.2% | 44.9% | 47.1% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $775.7M | $559.8M | $495.0M | $1.02B | $1.04B | $893.0M | $758.4M | $856.1M | $857.9M | $698.3M | $638.3M | $704.6M |
| Cash & equivalents | $775.7M | $559.8M | $495.0M | $1.02B | $1.04B | $893.0M | $758.4M | $856.1M | $857.9M | $698.3M | $638.3M | $704.6M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | — | $453.5M |
| Receivables | $1.57B | $1.39B | $1.28B | $1.20B | $1.20B | $1.16B | $1.09B | $1.11B | $1.16B | $1.18B | $1.12B | $1.22B |
| Inventory | $1.10B | $1.17B | $1.14B | $951.1M | $934.3M | $1.01B | $978.3M | $960.1M | $971.8M | $1.08B | $1.15B | $1.03B |
| Other current assets | $355.6M | $338.2M | $344.1M | $2.33B | $315.6M | $304.4M | $303.3M | $295.8M | $304.1M | $283.8M | $290.9M | $294.2M |
| Total current assets | $3.81B | $3.46B | $3.26B | $5.51B | $3.49B | $3.36B | $3.13B | $3.22B | $3.29B | $3.24B | $3.20B | $3.24B |
| Property, plant & equipment (net) | $3.45B | $3.33B | $3.25B | $2.81B | $2.74B | $2.69B | $2.62B | $2.61B | $2.58B | $2.51B | $2.47B | $2.42B |
| Goodwill & intangible assets | $2.57B | $2.60B | $2.63B | $590.4M | $597.7M | $603.0M | $604.3M | $611.4M | $620.5M | $623.6M | $629.5M | $635.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $426.1M | $404.1M | $415.9M | $335.0M | $336.6M | $342.1M | $333.9M | $330.0M | $327.4M | $335.1M | $360.1M | $392.7M |
| Total assets | $10.26B | $9.80B | $9.56B | $9.24B | $7.17B | $6.99B | $6.69B | $6.77B | $6.82B | $6.71B | $6.66B | $6.70B |
| Liabilities | ||||||||||||
| Accounts payable | $540.9M | $458.5M | $456.0M | $361.4M | $358.4M | $364.0M | $329.0M | $323.5M | $350.6M | $303.1M | $367.9M | $343.8M |
| Short-term debt | $67.1M | $88.8M | $52.6M | $46.3M | $44.3M | $41.4M | $40.0M | $38.6M | $38.8M | $62.9M | $35.6M | $34.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | $35.4M | $31.5M | $26.0M | $27.0M |
| Total current liabilities | $1.63B | $1.49B | $1.37B | $1.23B | $1.26B | $1.18B | $1.11B | $1.17B | $834.9M | $765.0M | $762.5M | $787.0M |
| Long-term debt | $0 | $3.31B | $3.31B | $3.31B | $1.31B | $1.30B | $1.15B | $1.15B | $1.15B | $1.14B | $1.13B | $1.12B |
| Other long-term liabilities | $3.93B | $464.1M | $477.2M | $393.9M | $409.7M | $417.8M | $413.7M | $443.1M | $532.1M | $548.6M | $550.8M | $557.8M |
| Total liabilities | $5.56B | $5.26B | $5.16B | $4.93B | $2.98B | $2.90B | $2.68B | $2.76B | $2.52B | $2.45B | $2.44B | $2.47B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Retained earnings (deficit) | $5.08B | $4.89B | $4.74B | $4.66B | $4.51B | $4.38B | $4.31B | $4.31B | $4.50B | $4.42B | $4.32B | $4.25B |
| Accumulated other comprehensive income | −$29.2M | −$23.2M | −$7.8M | −$27.2M | −$25.3M | −$33.5M | −$99.0M | −$121.9M | −$86.0M | −$90.7M | −$71.5M | −$24.7M |
| Minority interest | — | $274,000 | $260,000 | $260,000 | $260,000 | $260,000 | — | — | — | — | — | — |
| Total shareholders' equity | $4.70B | $4.53B | $4.41B | $4.31B | $4.19B | $4.10B | $4.01B | $4.02B | $4.30B | $4.26B | $4.22B | $4.23B |
| Key figures | ||||||||||||
| Total debt | $3.38B | $3.40B | $3.36B | $3.35B | $1.35B | $1.34B | $1.19B | $1.19B | $1.19B | $1.20B | $1.16B | $1.15B |
| Net cash (debt) | −$2.61B | −$2.84B | −$2.87B | −$2.33B | −$311.0M | −$451.2M | −$436.4M | −$331.0M | −$331.7M | −$502.1M | −$523.5M | −$449.9M |
| Working capital | $2.18B | $1.97B | $1.89B | $4.28B | $2.24B | $2.18B | $2.02B | $2.05B | $2.46B | $2.47B | $2.44B | $2.46B |
| Tangible book value | $2.13B | $1.93B | $1.78B | $3.72B | $3.60B | $3.49B | $3.41B | $3.40B | $3.68B | $3.64B | $3.59B | $3.59B |
| Book value per share | $42.11 | $40.47 | $39.31 | $38.42 | $37.21 | $36.08 | $35.04 | $35.20 | $37.09 | $36.50 | $35.93 | $35.74 |
| Shares outstanding | 111.5M | 112.0M | 112.1M | 112.3M | 112.7M | 113.6M | 114.5M | 114.1M | 115.9M | 116.7M | 117.5M | 118.4M |
| Current ratio | 2.34 | 2.33 | 2.38 | 4.47 | 2.78 | 2.86 | 2.82 | 2.76 | 3.94 | 4.24 | 4.19 | 4.12 |
| Quick ratio | 1.44 | 1.31 | 1.30 | 1.81 | 1.78 | 1.74 | 1.66 | 1.68 | 2.42 | 2.46 | 2.30 | 2.44 |
| Debt / equity | 0.72 | 0.75 | 0.76 | 0.78 | 0.32 | 0.33 | 0.30 | 0.30 | 0.28 | 0.28 | 0.28 | 0.27 |
| Equity / assets | 45.8% | 46.3% | 46.1% | 46.7% | 58.5% | 58.6% | 60.0% | 59.3% | 63.1% | 63.5% | 63.4% | 63.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 16, 2026); data from EODHD.
CMC financial position
At the end of fiscal 2026 (August 31, 2026), Commercial Metals had total assets of $10.3 billion (up 43.0% from a year earlier), total liabilities of $5.6 billion and shareholders' equity of $4.7 billion. It held $775.7 million in cash and short-term investments against $3.4 billion of debt, net debt of $2.6 billion. Its current ratio was 2.34.
Related: CMC income statement, CMC cash flow statement, CMC key metrics. See the CMC stock overview for the latest quote and news.
CMC balance sheet FAQ
What are Commercial Metals's total assets?
Commercial Metals reported total assets of $10.3 billion at the end of fiscal 2026 (August 31, 2026), compared with $7.2 billion a year earlier.
How much debt does Commercial Metals have?
Commercial Metals had $3.4 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.72.
How much cash does Commercial Metals have?
Commercial Metals held $775.7 million in cash and short-term investments at the end of fiscal 2026; with $3.4 billion of debt that is net debt of $2.6 billion.
What is Commercial Metals's book value?
Commercial Metals's shareholders' equity (book value) was $4.7 billion at the end of fiscal 2026, or $41.99 per share.
What is Commercial Metals's current ratio?
Commercial Metals had current assets of $3.8 billion and current liabilities of $1.6 billion, a current ratio of 2.34 (it can cover its short-term obligations).
How much goodwill does Commercial Metals have?
Commercial Metals carried $2.6 billion of goodwill and intangible assets, 25.1% of total assets, at the end of fiscal 2026.