CMC Financials Commercial Metals Co

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 18, 2026, 10:25 UTC Overview →

Growth & profitability

Revenue has grown 6.9% per year over the past 5 years.
Net income has grown faster than revenue (9.7% vs 6.9% per year).
Free cash flow has grown 61.0% per year over the past 5 years.

Financial health

Total debt ($3.2B) exceeds cash ($779M); net debt is $2.4B.
Total debt has grown faster than revenue (25.6% vs 6.9% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 12.8% of earnings and 17.6% of free cash flow.
The dividend has grown 7.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$9.4B	$656M	18.6%	0.0%	14.0%	6.4%	$479M	$3.2B	$779M
2025	$7.8B	$85M	15.6%	0.0%	2.0%	1.2%	$312M	$1.2B	$1.0B
2024	$7.9B	$485M	17.1%	0.0%	11.3%	7.1%	$575M	$1.0B	$860M
2023	$8.8B	$860M	20.6%	0.0%	20.9%	12.9%	$737M	$1.0B	$596M
2022	$8.9B	$1.2B	20.8%	0.0%	37.0%	19.5%	$250M	$1.4B	$679M
2021	$6.7B	$413M	16.4%	0.0%	18.0%	8.9%	$44M	$1.0B	$501M
2020	$5.5B	$280M	17.3%	0.0%	14.8%	6.8%	$604M	$1.0B	$545M
2019	$5.8B	$198M	13.8%	0.0%	12.2%	5.3%	-$102M	—	$194M
2018	$4.6B	$139M	13.4%	0.0%	9.3%	4.2%	-$609M	—	$633M
2017	$3.8B	$46M	13.6%	0.0%	3.3%	1.6%	-$736M	—	$286M
2016	$3.6B	$55M	16.0%	0.0%	4.0%	1.7%	$424M	—	$540M
2015	—	$79M	—	—	5.8%	2.3%	$194M	—	$486M
2014	—	$113M	—	—	8.4%	3.1%	$35M	—	—
2013	—	$77M	—	—	6.1%	2.2%	$59M	—	—
2012	—	$207M	—	—	16.6%	6.0%	$82M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$2.7B	$213M	18.9%	0.0%	4.5%	2.1%	$280M	$3.2B	$779M
May '26	$2.5B	$173M	18.3%	0.0%	3.8%	1.8%	$76M	$3.2B	$563M
Feb '26	$2.1B	$93M	18.2%	0.0%	2.1%	1.0%	$44M	$3.2B	$504M
Nov '25	$2.1B	$177M	19.2%	0.0%	4.1%	1.9%	$79M	$3.2B	$3.0B
Aug '25	$2.1B	$152M	18.6%	0.0%	3.6%	2.1%	$206M	$1.2B	$1.0B
May '25	$2.0B	$83M	14.8%	0.0%	2.0%	1.2%	$65M	$1.2B	$895M
Feb '25	$1.8B	$25M	12.5%	0.0%	0.6%	0.4%	-$54M	$1.0B	$759M
Nov '24	$1.9B	-$176M	16.1%	0.0%	-4.4%	-2.6%	$95M	$1.0B	$857M
Aug '24	$2.0B	$104M	16.2%	0.0%	2.4%	1.5%	$270M	$1.0B	$860M
May '24	$2.1B	$119M	16.4%	0.0%	2.8%	1.8%	$116M	$1.0B	$701M
Feb '24	$1.8B	$86M	16.0%	0.0%	2.0%	1.3%	-$5M	$1.0B	$640M
Nov '23	$2.0B	$176M	19.9%	0.0%	4.2%	2.6%	$194M	$1.0B	$707M
Aug '23	$2.2B	$184M	19.2%	0.0%	4.5%	2.8%	$243M	$1.0B	$596M
May '23	$2.3B	$234M	20.6%	0.0%	5.8%	3.5%	$225M	$1.0B	$479M
Feb '23	$2.0B	$180M	19.6%	0.0%	4.8%	2.7%	$30M	—	$608M
Nov '22	$2.2B	$262M	22.8%	0.0%	7.3%	3.9%	$239M	—	$587M
Aug '22	$2.4B	$289M	21.1%	0.0%	8.8%	4.6%	$303M	$1.4B	$679M
May '22	$2.5B	$312M	22.2%	0.0%	9.9%	5.1%	$85M	—	$537M
Feb '22	$2.0B	$383M	19.6%	0.0%	13.4%	7.0%	-$93M	—	$1000M
Nov '21	$2.0B	$233M	20.0%	0.0%	9.4%	4.9%	-$44M	—	$418M

Valuation over time

How the market has priced CMC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 4.4× (Mar '23) to 11.0× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 0.8× (Nov '26).
The dividend yield has fallen from 1.3% (Mar '23) to 1.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CMC growing its revenue and profit?

Over the past 5 years, Commercial Metals Co's revenue has grown 6.9% per year, and net income grown 9.7% per year. These are computed facts, not advice.

How much debt does CMC have?

As of FY2026, Commercial Metals Co reported $3.2B of total debt against $779M of cash.

What is CMC's profit margin?

In FY2026, gross margin was 18.6%, operating margin —, and net margin 7.0%.

What is CMC's P/E ratio?

Commercial Metals Co's P/E (TTM) is 11.04 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CMC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 11.0× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.