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CMC

Commercial Metals Company

CMC

NYSE·Basic Materials·Steel·Mkt cap $6.8B

$61.09

▼ -0.20%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$49.66 - $84.87

P/E

11.46

Fwd P/E

9.59

Beta

1.50

Div Yield

1.21%

Avg Vol

1.1M

Shares Out

110.9M

Mkt Cap

$6.8B

Price action

Price chart

Up 17.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Vertically integrated recycling-to-finished-product model reducing costs and supply chain risk
  • Established 108-year operational history with deep customer relationships across multiple industries
  • Geographic diversification across North America, Europe, and Asia providing market resilience
  • Specialized product capabilities in defense (armor plates), energy (special bar steels), and transportation sectors
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.5).

Growth

Stable outlook

Infrastructure investment and construction spending driving rebar and fabricated steel demand

Value

Attractively priced below Steel & Aluminum peer average

Momentum

Stable

-0.9% over 3m

Quality

Thin

Excellent business quality

Dividend

Modest

1.21% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

“
Q2 26 RECAP

JUN 25, 2026

Reported EPS of $1.73 vs $1.70 consensus (+1.8% surprise). Revenue of $2.5B vs $2.4B expected (+3.4%). Beat on both top and bottom lines.

EPS beat +1.8%
Rev beat +3.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.8%

Revenue trend · last 8Q

—

—

-5%

-3%

+6%

+11%

+22%

+23%

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

Q2 26

Q3 26

$2.0B

$1.9B

$1.8B

$2.0B

$2.1B

$2.1B

$2.1B

$2.5B

Margins · last 8Q

Gross

-32.0%

Operating

-14.8%

Profit

7.0%

View full earnings history →

Wall Street consensus

7 analysts · 86% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

6

86%

Hold

1

14%

Sell

0%

Median Price Target

$83.00

▲ +35.9% vs $61.09

Low $75.00
Median $83.00
High $89.00

Latest: BMO Capital · $77.00 · Jun 29, 2026

4 analysts covering

View full analyst page →

vs Industry

How CMC stacks vs Steel

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.