Commercial Metals Company (CMC) Key Metrics
CMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.19B
- Enterprise value
- $9.99B
- P/E (TTM)
- 11.1 10-yr median 10.6
- Forward P/E
- 10.4
- PEG ratio
- 12.25
- Price / sales
- 0.8 10-yr median 0.6
- Price / book
- 1.6 10-yr median 1.6
- EV / EBITDA
- 8.7 10-yr median 6.4
- Dividend yield
- 1.23% $0.80 a year
- Beta
- 1.53
CMC key metrics, FY2017–FY2026
Fiscal year ended August 31, 2026 · U.S. dollarsCMC valuation Price multiples at each fiscal year-end price.
CMC returns How much profit the business earns on the capital it uses.
CMC per-share figures Results divided by the shares outstanding at year-end.
CMC financial health Debt, liquidity and how easily interest is covered.
CMC efficiency & capital use Working capital cycle and where the cash goes.
CMC valuation history
CMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CMC cash returned to shareholders
CMC price vs earnings per share
CMC key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.55B | $6.58B | $6.28B | $6.68B | $4.96B | $3.98B | $2.51B | $1.87B | $2.55B | $2.22B |
| Enterprise value | $10.15B | $6.89B | $6.61B | $7.24B | $5.79B | $4.55B | $3.05B | $2.92B | $3.09B | $2.79B |
| P/E ratio | 11.5 | 77.7 | 12.9 | 7.8 | 4.1 | 9.6 | 9.0 | 9.4 | 18.4 | 47.9 |
| Price / sales | 0.8 | 0.8 | 0.8 | 0.8 | 0.6 | 0.6 | 0.5 | 0.3 | 0.5 | 0.6 |
| Price / book | 1.6 | 1.6 | 1.5 | 1.6 | 1.5 | 1.7 | 1.3 | 1.1 | 1.7 | 1.6 |
| Price / free cash flow | 15.8 | 21.1 | 10.9 | 9.1 | 19.8 | 89.8 | 4.2 | — | — | — |
| Price / operating cash flow | 7.1 | 9.2 | 7.0 | 5.0 | 7.1 | 17.4 | 3.2 | 50.4 | 16.1 | 12.7 |
| EV / sales | 1.1 | 0.9 | 0.8 | 0.8 | 0.6 | 0.7 | 0.6 | 0.5 | 0.7 | 0.7 |
| EV / EBITDA | 8.1 | 15.7 | 6.9 | 5.2 | 3.3 | 6.0 | 5.1 | 5.9 | 9.1 | 11.9 |
| EV / free cash flow | 21.2 | 22.1 | 11.5 | 9.8 | 23.1 | 102.7 | 5.1 | — | — | — |
| Earnings yield | 8.7% | 1.3% | 7.7% | 12.9% | 24.6% | 10.4% | 11.1% | 10.6% | 5.4% | 2.1% |
| Free cash flow yield | 6.3% | 4.7% | 9.2% | 11.0% | 5.0% | 1.1% | 24.0% | −5.5% | −0.6% | −1.7% |
| Dividend yield | 1.1% | 1.2% | 1.3% | 1.1% | 1.4% | 1.5% | 2.3% | 3.0% | 2.2% | 2.5% |
| Shareholder yield (dividends + buybacks) | 2.5% | 4.4% | 4.3% | 2.6% | 4.6% | 1.5% | 2.4% | 3.1% | 2.6% | 2.8% |
| Share price at fiscal year-end | $67.47 | $57.67 | $53.59 | $56.29 | $40.51 | $32.62 | $20.87 | $15.67 | $21.60 | $18.89 |
| Per share | ||||||||||
| Revenue per share | $83.98 | $68.36 | $67.66 | $74.19 | $72.84 | $55.17 | $45.52 | $48.93 | $39.31 | $32.75 |
| Earnings per share | $5.86 | $0.74 | $4.14 | $7.25 | $9.95 | $3.38 | $2.32 | $1.66 | $1.17 | $0.39 |
| Operating cash flow per share | $9.47 | $6.27 | $7.68 | $11.33 | $5.72 | $1.87 | $6.58 | $0.31 | $1.34 | $1.49 |
| Free cash flow per share | $4.28 | $2.74 | $4.91 | $6.22 | $2.05 | $0.36 | $5.02 | −$0.85 | −$0.14 | −$0.33 |
| Cash per share | $6.93 | $9.14 | $7.32 | $4.99 | $5.50 | $4.08 | $4.51 | $1.62 | $5.27 | $2.15 |
| Book value per share | $41.99 | $36.76 | $36.70 | $34.74 | $26.85 | $18.81 | $15.70 | $13.63 | $12.64 | $11.94 |
| Tangible book value per share | $19.01 | $31.52 | $31.41 | $29.31 | $22.71 | $18.19 | $15.06 | $12.98 | $11.98 | $11.27 |
| Dividends per share | $0.75 | $0.71 | $0.67 | $0.63 | $0.55 | $0.47 | $0.47 | $0.47 | $0.47 | $0.47 |
| Capex per share | $5.18 | $3.53 | $2.77 | $5.11 | $3.68 | $1.51 | $1.56 | $1.17 | $1.48 | $1.82 |
| Debt per share | $30.22 | $11.87 | $10.15 | $9.74 | $12.27 | $8.77 | $9.01 | $10.45 | $9.80 | $7.03 |
| Shares outstanding | 111.9M | 114.1M | 117.2M | 118.6M | 122.4M | 122.0M | 120.3M | 119.1M | 118.1M | 117.4M |
| Change in shares outstanding | −1.9% | −2.6% | −1.2% | −3.1% | +0.3% | +1.4% | +1.0% | +0.8% | +0.7% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.8% | 2.0% | 11.5% | 23.2% | 43.6% | 19.7% | 15.9% | 12.7% | 9.6% | 3.3% |
| Return on invested capital (ROIC) | 13.3% | 9.0% | 11.4% | 20.4% | 30.2% | 17.5% | 12.9% | 10.7% | 9.0% | 5.3% |
| Return on assets (ROA) | 7.5% | 1.2% | 7.2% | 13.4% | 22.4% | 9.5% | 7.1% | 5.6% | 4.4% | 1.5% |
| Return on tangible assets | 8.5% | 1.3% | 7.8% | 14.3% | 21.2% | 9.0% | 7.0% | 5.4% | 4.3% | 1.6% |
| Free cash flow margin | 5.1% | 4.0% | 7.3% | 8.4% | 2.8% | 0.7% | 11.0% | −1.7% | −0.3% | −1.0% |
| Income quality (OCF / net income) | 1.61 | 8.45 | 1.85 | 1.56 | 0.58 | 0.55 | 2.83 | 0.19 | 1.15 | 3.77 |
| Financial health | ||||||||||
| Total debt | $3.38B | $1.35B | $1.19B | $1.15B | $1.50B | $1.07B | $1.08B | $1.24B | $1.16B | $824.8M |
| Cash & short-term investments | $775.7M | $1.04B | $857.9M | $592.3M | $672.6M | $497.7M | $542.1M | $192.5M | $622.5M | $252.6M |
| Net debt | $2.61B | $311.0M | $331.7M | $562.5M | $829.4M | $572.0M | $541.6M | $1.05B | $535.9M | $572.2M |
| Debt / equity | 0.72 | 0.32 | 0.28 | 0.28 | 0.46 | 0.47 | 0.57 | 0.77 | 0.78 | 0.59 |
| Debt / assets | 0.33 | 0.19 | 0.17 | 0.17 | 0.24 | 0.23 | 0.27 | 0.33 | 0.35 | 0.28 |
| Net debt / EBITDA | 2.08 | 0.71 | 0.34 | 0.41 | 0.48 | 0.76 | 0.91 | 2.11 | 1.59 | 2.44 |
| Current ratio | 2.34 | 2.78 | 3.94 | 3.73 | 2.54 | 2.79 | 2.97 | 2.99 | 3.83 | 2.82 |
| Quick ratio | 1.66 | 2.03 | 2.78 | 2.50 | 1.67 | 1.84 | 2.13 | 2.00 | 2.75 | 2.06 |
| Interest coverage | 6.0 | 11.4 | 14.5 | 29.1 | 25.9 | 11.6 | 7.1 | 4.8 | 5.4 | 3.0 |
| Working capital | $2.18B | $2.24B | $2.46B | $2.30B | $2.08B | $1.76B | $1.47B | $1.39B | $1.54B | $1.11B |
| Invested capital | $7.30B | $4.50B | $4.63B | $4.68B | $4.12B | $2.87B | $2.43B | $2.68B | $2.03B | $1.97B |
| Tangible asset value | $2.13B | $3.60B | $3.68B | $3.48B | $2.78B | $2.22B | $1.81B | $1.55B | $1.42B | $1.32B |
| Net current asset value | −$1.75B | $516.3M | $775.0M | $626.2M | $490.9M | $393.3M | $21.8M | −$54.7M | $242.5M | $139.7M |
| Graham number | $74.42 | $24.77 | $58.50 | $75.28 | $77.53 | $37.85 | $28.65 | $22.58 | $18.26 | $10.30 |
| Graham net-net per share | −$27.30 | −$4.97 | −$2.60 | −$4.03 | −$5.51 | −$4.50 | −$5.63 | −$7.00 | −$3.01 | −$5.70 |
| Capital allocation | ||||||||||
| Dividends paid | $84.2M | $81.4M | $78.9M | $74.9M | $67.7M | $57.8M | $57.1M | $56.5M | $56.1M | $55.5M |
| Share buybacks (net) | $105.9M | $207.6M | $190.5M | $101.4M | $161.9M | $3.2M | $3.4M | $1.9M | $9.3M | $5.5M |
| Dividend payout ratio | 12.8% | 96.2% | 16.2% | 8.7% | 5.6% | 14.0% | 20.4% | 28.5% | 40.5% | 119.8% |
| Dividends + buybacks / free cash flow | 39.7% | 92.6% | 46.8% | 23.9% | 91.7% | 137.5% | 10.0% | — | — | — |
| Capex / revenue | 6.2% | 5.2% | 4.1% | 6.9% | 5.0% | 2.7% | 3.4% | 2.4% | 3.8% | 5.5% |
| Capex / operating cash flow | 54.8% | 56.3% | 36.0% | 45.1% | 64.3% | 80.6% | 23.7% | 375.2% | 110.1% | 122.2% |
| Capex / depreciation | 1.46 | 1.41 | 1.16 | 2.77 | 2.57 | 1.10 | 1.13 | 0.87 | 1.33 | 1.70 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.6% | 0.7% | 0.5% | 0.6% | 0.6% | 0.4% | 0.5% | 0.8% |
| SG&A / revenue | 9.4% | 9.0% | 8.4% | 7.3% | 6.1% | 7.4% | 9.2% | 7.9% | 8.6% | 11.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 53.9 | 55.2 | 55.2 | 53.9 | 50.5 | 53.9 | 63.2 | 55.3 | 51.5 | 59.4 |
| Days of inventory on hand | 48.7 | 52.9 | 55.8 | 57.6 | 54.4 | 50.6 | 53.1 | 46.5 | 47.7 | 55.1 |
| Days payables outstanding | 21.5 | 19.7 | 19.9 | 20.7 | 22.7 | 23.3 | 22.3 | 19.9 | 22.1 | 23.9 |
| Cash conversion cycle (days) | 81.1 | 88.5 | 91.2 | 90.8 | 82.2 | 81.3 | 94.0 | 81.9 | 77.1 | 90.6 |
| Receivables turnover | 6.77 | 6.61 | 6.61 | 6.77 | 7.23 | 6.78 | 5.77 | 6.60 | 7.08 | 6.15 |
| Payables turnover | 17.00 | 18.56 | 18.37 | 17.64 | 16.06 | 15.69 | 16.36 | 18.30 | 16.49 | 15.30 |
| Inventory turnover | 7.50 | 6.90 | 6.54 | 6.34 | 6.70 | 7.21 | 6.88 | 7.84 | 7.65 | 6.63 |
| Asset turnover | 1.08 | 1.11 | 1.18 | 1.37 | 1.64 | 1.54 | 1.40 | 1.64 | 1.47 | 1.26 |
| Average receivables | $1.39B | $1.18B | $1.20B | $1.30B | $1.23B | $993.2M | $948.4M | $882.8M | $655.4M | $625.4M |
| Average payables | $449.6M | $354.5M | $357.5M | $396.2M | $439.4M | $358.4M | $277.1M | $274.6M | $243.9M | $217.2M |
| Average inventory | $1.02B | $953.0M | $1.00B | $1.10B | $1.05B | $780.4M | $658.9M | $640.7M | $525.8M | $501.3M |
| Intangibles / total assets | 25.1% | 8.3% | 9.1% | 9.7% | 8.1% | 1.6% | 1.9% | 2.1% | 2.4% | 2.6% |
Computed from CMC's annual financial statements (latest annual report filed October 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CMC valuation and financial ratios
At the end of fiscal 2026 (August 31, 2026), Commercial Metals traded at 11.5 times earnings, against a 10-year median of 10.6. Based on the latest twelve months, the trailing P/E is 11.1 and the forward P/E is 10.4. Commercial Metals earned a return on equity of 14.8% and a return on invested capital of 13.3% in fiscal 2026. It ended the year with $3.4 billion of debt and $775.7 million in cash and short-term investments, net debt of $2.6 billion. It returned $190.2 million to shareholders: $84.2 million in dividends and $105.9 million in share buybacks, 40% of free cash flow. The share count fell 4.7% from 117.4M to 111.9M over 9 years.
See the CMC income statement, the CMC chart for price history, or the CMC stock overview for the latest quote and news.
CMC key metrics FAQ
What is Commercial Metals's P/E ratio?
Commercial Metals's trailing P/E ratio is 11.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.4. At the end of fiscal 2026 it was 11.5, compared with a 10-year median of 10.6.
What is Commercial Metals's EV/EBITDA?
Commercial Metals's enterprise value was 8.1 times EBITDA at the end of fiscal 2026 (enterprise value $10.2 billion, EBITDA $1.3 billion); the current EV/EBITDA is 8.7.
What is Commercial Metals's return on equity?
Commercial Metals's return on equity (ROE) was 14.8% in fiscal 2026: net income of $655.8 million on average shareholders' equity of $4.4 billion.
What is Commercial Metals's ROIC?
Commercial Metals's return on invested capital was 13.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Commercial Metals have?
Commercial Metals had total debt of $3.4 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.72 and $2.6 billion of net debt (2.08 times EBITDA).
What is Commercial Metals's dividend yield?
Commercial Metals's forward dividend yield is 1.23%. Commercial Metals paid $84.2 million in dividends in fiscal 2026 ($0.75 per share), a payout ratio of 12.8%.
Does Commercial Metals buy back its shares?
Yes. Commercial Metals spent $105.9 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.9% over the year, to 111.9M..
What is Commercial Metals's free cash flow yield?
Commercial Metals generated $479.1 million of free cash flow in fiscal 2026, a free cash flow yield of 6.3% on its market value at year-end ($7.5 billion).
What is Commercial Metals's current ratio?
Commercial Metals's current ratio was 2.34 at the end of fiscal 2026: current assets were 2.34 times current liabilities.