CMCNYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends August 31
COMMERCIAL METALS Co
Financials through Q4 FY2026, quarter ended Aug 31, 2026Last filing: 10-K on Oct 16, 2026
$64.54−0.44 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $7.20B
- P/E (TTM)
- 11.0
- Dividend yield
- 1.18%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
18.6%+2.2 pts over 5 years
Net margin
7.0%+0.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.5% | +2.2% | +6.9% | +10.1% | |
| Gross profit | +43.6% | -1.1% | +9.6% | +11.8% | |
| Net income | +674.7% | -8.6% | +9.7% | +28.2% | |
| EPS, diluted | +691.9% | -6.8% | +11.6% | +28.7% | |
| Free cash flow | +53.4% | -13.4% | +61.0% | +1.2% | |
| Dividend per share | +5.6% | +5.9% | +9.6% | +4.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 3.3% | 19.7% | 14.8% | |
| Return on assets | 1.5% | 9.5% | 7.5% | |
| Current ratio | 2.82 | 2.79 | 2.34 | |
| Debt to equity | 0.59 | 0.47 | 0.72 | |
| Inventory turnover | 6.6× | 7.2× | 7.5× | |
| Capex to revenue | 5.5% | 2.7% | 6.2% | |
| Diluted shares | 117M | 122M | 112M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Commercial Metals generated $4.72B from operations and spent $3.50B on capital expenditure, dividends and share buybacks. 68% of that went back into the business.
Generated
$4.72B
Used
$3.50B
Capital expenditure$2.36B68%Dividends$387.24M11%Share buybacks$747.85M21%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.0%
×Asset turnover1.08×
×Equity multiplier1.96×
=Return on equity, FY202614.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.0% | 1.08× | 1.96× | 14.8% |
| FY2025 | 1.1% | 1.11× | 1.65× | 2.0% |
| FY2024 | 6.1% | 1.18× | 1.60× | 11.5% |
| FY2023 | 9.8% | 1.37× | 1.74× | 23.2% |
| FY2022 | 13.7% | 1.64× | 1.95× | 43.6% |
| FY2021 | 6.1% | 1.54× | 2.08× | 19.7% |
| FY2020 | 5.1% | 1.40× | 2.23× | 15.9% |
| FY2019 | 3.4% | 1.64× | 2.27× | 12.7% |
| FY2018 | 3.0% | 1.47× | 2.18× | 9.6% |
| FY2017 | 1.2% | 1.26× | 2.21× | 3.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$655.85M
- Cash generatingOperating cash flow above zero$1.06B
- Return on assets improvedROA up on the prior year1.2% → 9.1%
- Earnings backed by cashOperating cash flow above net income$1.06B vs $655.85M
- Less leverageLong-term debt to assets fell18.3% → 32.3%
- Better liquidityCurrent ratio rose2.78 → 2.34
- No dilutionShare count did not rise114M → 112M
- Gross margin improvedGross margin up on the prior year15.65% → 18.65%
- More efficientAsset turnover rose1.14 → 1.31