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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,913.48 | 8,799.53 | 7,925.97 | 7,798.48 |
| Operating Revenue | - | 8,913.48 | 8,799.53 | 7,925.97 | 7,798.48 |
| Cost Of Revenue | - | 7,057.08 | 6,987.62 | 6,567.29 | 6,578.32 |
| Gross Profit | - | 1,856.40 | 1,811.92 | 1,358.68 | 1,220.16 |
| Operating Expense | - | 544.98 | 646.04 | 668.41 | 700.23 |
| Selling General And Administration | - | 544.98 | 646.04 | 668.41 | 700.23 |
| Total Expenses | - | 7,602.07 | 7,633.66 | 7,235.70 | 7,278.56 |
| Operating Income | - | 1,311.41 | 1,165.87 | 690.27 | 519.92 |
| EBITDA | - | 1,740.88 | 1,380.92 | 963.93 | 438.92 |
| Normalized EBITDA | - | 1,486.44 | 1,384.70 | 970.64 | 805.80 |
| EBIT | - | 1,565.86 | 1,162.09 | 683.56 | 153.04 |
| Interest Expense | - | 50.71 | 40.13 | 47.89 | 45.50 |
| Net Interest Income | - | -50.71 | -40.13 | -47.89 | -45.50 |
| Other Income Expense | - | 254.44 | -3.78 | -6.71 | -366.88 |
| Interest Expense Non Operating | - | 50.71 | 40.13 | 47.89 | 45.50 |
| Net Non Operating Interest Income Expense | - | -50.71 | -40.13 | -47.89 | -45.50 |
| Pretax Income | - | 1,515.15 | 1,121.97 | 635.67 | 107.54 |
| Tax Provision | - | 297.88 | 262.21 | 150.18 | 22.88 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 50.13 | -0.88 | -1.58 | -78.15 |
| Net Income Continuous Operations | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income From Continuing And Discontinued Operation | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income Common Stockholders | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Net Income Including Noncontrolling Interests | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Normalized Income | - | 1,012.94 | 862.66 | 490.62 | 373.40 |
| Diluted NI Availto Com Stockholders | - | 1,217.26 | 859.76 | 485.49 | 84.66 |
| Basic Average Shares | - | 120.65 | 117.08 | 115.84 | 112.99 |
| Diluted Average Shares | - | 122.37 | 118.61 | 117.15 | 114.09 |
| Reconciled Depreciation | - | 175.02 | 218.83 | 280.37 | 285.88 |
| Reconciled Cost Of Revenue | - | 7,057.08 | 6,987.62 | 6,567.29 | 6,578.32 |
| 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 Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | 254.44 | -3.78 | -6.71 | -366.88 |
| Other Special Charges | - | 16.05 | 0.18 | 0.01 | 362.27 |
| Write Off | - | 4.93 | 3.78 | 6.71 | 4.61 |
| Gain On Sale Of Ppe | 8.81 | 275.42 | -2.33 | -3.32 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Commercial Metals Companythis co. | CMC | $8.5B | 99.90β premium | 2.02 | 2.0% | 19.98 |
| Watts Water Technologies, Inc. | WTS | $10.5B | 30.87 | 5.19 | 16.8% | 20.02 |
| AeroVironment, Inc. | AVAV | $10.3B | 237.14 | 11.67 | 4.9% | 125.13 |
| Chart Industries, Inc. | GTLS | $9.9B | 244.09 | 3.08 | 1.3% | 21.83 |
| EnerSys | ENS | $8.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.65 |
| 4.57 |
| 15.4% |
| 18.49 |
| Terex Corporation | TEX | $7.2B | 32.39 | 3.42 | 10.5% | 14.31 |
| Fluor Corporation | FLR | $7.0B | -138.05 | 2.17 | -1.6% | -29.73 |
| Brookfield Business Corporation | BBUC | $6.8B | 262.64 | 2.98 | 1.1% | 6.66 |
| Firefly Aerospace Inc. | FLY | $6.8B | -22.75 | 5.70 | -25.1% | -21.68 |
| Peer Median | - | 31.63 | 3.99 | 3.1% | 16.40 | |