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Earnings transcript
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CMC
Commercial Metals Company
$62.77
-1.02
(-1.6%)
| Exchange: | NYSE |
| Market Cap: | 6.903B |
| Shares Outstanding: | 124.2M |
Delayed data
About The Company
| Sector: | Basic MaterialsView sector performance | |||||
| Industry: | SteelView industry performance | |||||
| CEO: | Peter R. Matt | |||||
| Full Time Employees: | 13670 | |||||
| Address: |
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| Website: | https://www.cmc.com |
Commercial Metals Company (CMC) is an international enterprise specializing in the production, recycling, and fabrication of steel and metal products, along with providing related services. The company serves markets across the United States, Poland, China, and other international regions. A significant facet of its business involves processing and marketing a wide array of ferrous and non-ferrous scrap metals. These raw materials are supplied to a diverse clientele, including steel mills, foundries, aluminum sheet and ingot producers, brass and bronze ingot makers, copper refineries, secondary lead smelters, specialty steel manufacturers, and high-temperature alloy fabricators. Commercial Metals Company manufactures and distributes a comprehensive range of finished long steel products. These encompass reinforcing bars (rebar), merchant bars, light structural sections, and various other specialized profiles. It also provides semi-finished billets intended for re-rolling and forging applications. Specializing in custom-fabricated steel products, the company’s offerings are primarily utilized for concrete reinforcement. Such products are integral to the construction of a wide array of structures, from commercial and residential buildings, healthcare facilities, and convention centers to industrial and power plants, highways, bridges, and expansive public venues like arenas, stadiums, and dams. Beyond its fabrication activities, CMC supplies construction-related equipment and products, both for sale and rent, catering to concrete installers and other commercial enterprises. Additionally, the firm produces niche items such as robust strength bars for the truck trailer industry, specialized bar steels engineered for the energy market, and armor plates designated for military vehicles. These diverse metal solutions, including various rebar forms, merchant bars, wire rods, fabricated meshes, and pre-assembled rebar cages, reach a broad customer base encompassing fabricators, manufacturers, distributors, and construction firms. Founded in 1915, Commercial Metals Company maintains its corporate headquarters in Irving, Texas.
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Revenue Segmentation
CMC full analysis
Hey everyone, welcome back to the channel where we break down stocks with real data and straight talk. Today we're diving deep into Commercial Metals Company, ticker CMC, a major player in the steel space. CMC has been navigating a tough cyclical environment lately, with shares sitting around 65 dollars after some volatility. The company posted mixed results recently but just got a big vote of confidence from analysts who hiked their targets sharply on upgraded guidance. Commercial Metals Company…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 7,925,972 | 7,798,480 | 9,393,904 |
| Gross Profit | 1,358,685 | 1,220,156 | 1,751,686 |
| EBITDA | 963,931 | 438,920 | 1,250,269 |
| Operating Income | 693,604 | 519,922 | 854,348 |
| Net Income | 485,491 | 84,662 | 655,849 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 6,817,839 | 7,171,834 | 10,257,897 |
| Total Liabilities | 2,517,815 | 2,978,508 | 5,560,691 |
| Total Stockholders Equity | 4,299,776 | 4,193,326 | 4,696,932 |
| Total Debt | 1,189,621 | 1,354,295 | 3,380,875 |
| Cash and Cash Equivalents | 857,922 | 1,043,252 | 775,676 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 899,708 | 715,070 | 1,058,963 |
| Capital Expenditure | -324,271 | -402,821 | -579,844 |
| Free Cash Flow | 575,437 | 312,249 | 479,119 |
| Net Income | 485,491 | 84,662 | 655,849 |
| Net Change in Cash | 263,838 | 186,349 | -267,054 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 10,463,887.665 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 11,118,969.614 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 10,734,192.850 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,372,795.158 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,439,117.296 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,405,956.227 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 653,844.560 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 707,473.696 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 680,659.128 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 841,011.148 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 893,661.868 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 862,736.311 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 6.040 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 6.320 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 5.840 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Reported positive net earnings of $25.5 million ($0.22 diluted EPS) in fiscal 2025 Q2, demonstrating ongoing profitability amid operations.
- Execution of strategic investments and initiatives explicitly aimed at long-term growth and improved financial performance.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates CMC intrinsic value between $44.07 – $64.25 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about CMC valuation
Is Commercial Metals Company (CMC) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Commercial Metals Company (CMC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CMC a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CMC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CMC’s P/E ratio?
You can see CMC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CMC?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CMC a good long-term investment?
Whether CMC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CMC
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Daily snapshot
-1.6
Trading Metrics:
| Open: | 63.1 | Previous Close: | 63.79 | |
| Day Low: | 62.59 | Day High: | 63.86 | |
| Year Low: | 55.97 | Year High: | 84.87 | |
| Price Avg 50: | 66.17 | Price Avg 200: | 69.42 | |
| Volume: | 1.02M | Average Volume: | 1.242M |
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