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Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group; Europe Steel Group; and Emerging Businesses Group. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, wire rod, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it sells wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, assembled rebar cages and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.8B | $439M | $85M | $312M | 2.0% | -1.6% | -82.6% |
| 2024 | $7.9B | $964M | $485M | $575M | 11.3% | -9.9% | -43.5% |
| 2023 | $8.8B | $1.4B | $860M | $737M | 20.9% | -1.3% | -29.4% |
| 2022 | $8.9B | $1.7B | $1.2B | $250M | 37.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 8,913.48 | 8,799.53 | 7,925.97 | 7,798.48 |
| Cost Of Revenue | 7,057.09 | 6,987.62 | 6,567.29 | 6,578.32 |
| Gross Profit | 1,856.40 | 1,811.91 | 1,358.68 | 1,220.16 |
| Operating Expense | 544.98 | 646.04 | 668.41 | 700.23 |
| Operating Income | 1,311.41 | 1,165.87 | 690.27 | 519.92 |
| EBITDA | 1,740.88 | 1,380.92 | 963.93 | 438.92 |
| EBIT | 1,565.86 | 1,162.09 | 683.56 | 153.04 |
| Pretax Income | 1,515.15 | 1,121.97 | 635.67 | 107.55 |
| Tax Provision | 297.88 | 262.21 | 150.18 | 22.88 |
| Net Income | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income Common Stockholders | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Total Expenses | 7,602.07 | 7,633.66 | 7,235.70 | 7,278.56 |
| Interest Expense | 50.71 | 40.13 | 47.89 | 45.50 |
| Selling General And Administration | 544.98 | 646.04 | 668.41 | 700.23 |
| Normalized EBITDA | 1,486.44 | 1,384.70 | 970.64 | 805.80 |
| Normalized Income | 1,012.94 | 862.66 | 490.62 | 373.40 |
| Basic EPS | 10.09 | 7.34 | 4.19 | 0.75 |
| Diluted EPS | 9.95 | 7.25 | 4.14 | 0.74 |
| Tax Effect Of Unusual Items | 50.13 | -0.88 | -1.58 | -78.15 |
| Tax Rate For Calcs | 0.20 | 0.23 | 0.24 | 0.21 |
| Total Unusual Items | 254.44 | -3.78 | -6.71 | -366.88 |
| Total Unusual Items Excluding Goodwill | 254.44 | -3.78 | -6.71 | -366.88 |
| Net Income From Continuing Operation Net Minority Interest | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Reconciled Depreciation | 175.02 | 218.83 | 280.37 | 285.88 |
| Reconciled Cost Of Revenue | 7,057.09 | 6,987.62 | 6,567.29 | 6,578.32 |
| Net Interest Income | -50.71 | -40.13 | -47.89 | -45.50 |
| Net Income From Continuing And Discontinued Operation | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Diluted Average Shares | 122.37 | 118.61 | 117.15 | 114.09 |
| Basic Average Shares | 120.65 | 117.08 | 115.84 | 112.99 |
| Diluted NI Availto Com Stockholders | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income Including Noncontrolling Interests | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Other Income Expense | 254.44 | -3.78 | -6.71 | -366.88 |
| Special Income Charges | 254.44 | -3.78 | -6.71 | -366.88 |
| Gain On Sale Of Ppe | 275.42 | -2.33 | -3.32 | 0 |
| Other Special Charges | 16.05 | 0.18 | 0.01 | 362.27 |
| Write Off | 4.93 | 3.78 | 6.71 | 4.61 |
| Net Non Operating Interest Income Expense | -50.71 | -40.13 | -47.89 | -45.50 |
| Interest Expense Non Operating | 50.71 | 40.13 | 47.89 | 45.50 |
| Operating Revenue | 8,913.48 | 8,799.53 | 7,925.97 | 7,798.48 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Commercial Metals Companythis co. | CMC | $7.4B | 14.91↓ discount | 1.68 | 2.0% | 9.91 |
| AeroVironment, Inc. | AVAV | $9.3B | - | 2.14 | 4.9% | 61.93 |
| Joby Aviation, Inc. | JOBY | $8.6B | - | 5.65 | -66.0% | -10.53 |
| EnerSys | ENS | $7.6B | 25.52 | 3.99 | 18.9% | 14.10 |
| Fluor Corporation | FLR | $7.4B | - |
| 2.43 |
| -1.6% |
| -24.46 |
| Terex Corporation | TEX | $6.9B | 18.23 | 1.88 | 10.5% | 14.04 |
| GATX Corporation | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Construction Partners, Inc. | ROAD | $6.5B | 52.19 | 6.73 | 11.2% | 17.97 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Peer Median | - | 23.37 | 3.24 | 7.0% | 14.07 | |