Commercial Metals (CMC) Stock Overview
Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
CMC Community Fair Values
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Analyst Price Targets
Commercial Metals Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$72.36 |
| 52 Week High | US$84.87 |
| 52 Week Low | US$47.06 |
| Beta | 1.5 |
| 1 Month Change | 2.35% |
| 3 Month Change | 20.24% |
| 1 Year Change | 48.64% |
| 3 Year Change | 40.50% |
| 5 Year Change | 132.82% |
| Change since IPO | 3,575.43% |
Recent News & Updates
Analysis Article • 5h
Commercial Metals (CMC) Stock Could Be 10.2% Below Fair Value After Choppy Trading
Commercial Metals (CMC) is back in focus for investors after recent share price moves, with the stock last closing at US$72.36 and short term performance showing mixed returns across different time frames. See our latest analysis for Commercial Metals. Recent trading has been choppy for Commercial Metals, with the share price slipping over the past week but still showing stronger momentum over the last quarter and a solid 1 year total shareholder return of 50.47%. If this kind of move has you...
Narrative Update • Jun 17
CMC: Buybacks And Higher P/E Assumptions Will Temper Downgrade Concerns
Analysts have modestly raised their price target for Commercial Metals stock to about $80.55 from roughly $80.30, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E multiples. What’s in the News for Commercial Metals Wells Fargo downgraded Commercial Metals stock from Overweight to Equal Weight, citing concerns about rebar oversupply, peak P/E valuation, price pressure risk in a sluggish housing market, and reduced infrastructure activity.Seeking Alpha • Jun 03
Commercial Metals Company: Not Yet Convinced, But Things Are Looking Better
Summary Commercial Metals Company is rated Hold with a reiterated price target of $58/share, reflecting conservative valuation amid recent market exuberance. CMC's business is highly cyclical and exposed to construction and infrastructure, with earnings volatility driven by commodity pricing, tariffs, and government policy. Recent share price surge is seen as a market overreaction; operational improvements and infrastructure act support are insufficient to justify the current valuation. CMC's risk profile includes BB+ credit, low yield, and heavy reliance on favorable trade policies, making it unattractive above 9-10x P/E. Read the full article on Seeking Alpha
Narrative Update • Jun 03
CMC: Rising Dividend And Buybacks Will Likely Struggle To Justify Current Price
Analysts have reduced their price target for Commercial Metals by $1 to $68, reflecting updated assumptions regarding the discount rate, revenue growth, profit margins, and future P/E levels. What's in the News Commercial Metals plans an Analyst and Investor Day to discuss updates on the company strategy, operations, and long term growth outlook.Recent updates
Analysis Article • 5h
Commercial Metals (CMC) Stock Could Be 10.2% Below Fair Value After Choppy Trading
Commercial Metals (CMC) is back in focus for investors after recent share price moves, with the stock last closing at US$72.36 and short term performance showing mixed returns across different time frames. See our latest analysis for Commercial Metals. Recent trading has been choppy for Commercial Metals, with the share price slipping over the past week but still showing stronger momentum over the last quarter and a solid 1 year total shareholder return of 50.47%. If this kind of move has you...Narrative Update • Jun 17
CMC: Buybacks And Higher P/E Assumptions Will Temper Downgrade Concerns
Analysts have modestly raised their price target for Commercial Metals stock to about $80.55 from roughly $80.30, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E multiples. What’s in the News for Commercial Metals Wells Fargo downgraded Commercial Metals stock from Overweight to Equal Weight, citing concerns about rebar oversupply, peak P/E valuation, price pressure risk in a sluggish housing market, and reduced infrastructure activity.Seeking Alpha • Jun 03
Commercial Metals Company: Not Yet Convinced, But Things Are Looking Better
Summary Commercial Metals Company is rated Hold with a reiterated price target of $58/share, reflecting conservative valuation amid recent market exuberance. CMC's business is highly cyclical and exposed to construction and infrastructure, with earnings volatility driven by commodity pricing, tariffs, and government policy. Recent share price surge is seen as a market overreaction; operational improvements and infrastructure act support are insufficient to justify the current valuation. CMC's risk profile includes BB+ credit, low yield, and heavy reliance on favorable trade policies, making it unattractive above 9-10x P/E. Read the full article on Seeking AlphaNarrative Update • Jun 03
CMC: Rising Dividend And Buybacks Will Likely Struggle To Justify Current Price
Analysts have reduced their price target for Commercial Metals by $1 to $68, reflecting updated assumptions regarding the discount rate, revenue growth, profit margins, and future P/E levels. What's in the News Commercial Metals plans an Analyst and Investor Day to discuss updates on the company strategy, operations, and long term growth outlook.
Narrative Update • Apr 29
CMC: Future Upside Will Be Driven By Ongoing Buybacks And Rising Dividend
Analysts are keeping their $85.00 price target for Commercial Metals unchanged, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margins, and future P/E as the main reasons for maintaining this level. What's in the News Commercial Metals completed a share repurchase tranche covering the period from December 1, 2025 to February 28, 2026, buying back 249,154 shares, or 0.22% of shares, for US$18.3 million under its existing authorization (Key Developments).Narrative Update • Apr 14
CMC: Future Upside Will Be Driven By Buybacks And Rising Dividend Payout
Analysts have lifted their price target on Commercial Metals to $85 from $80, reflecting updated assumptions for revenue growth, profitability, discount rate, and a slightly lower future P/E multiple. What's in the News Commercial Metals completed a share repurchase tranche, buying 249,154 shares, or 0.22% of shares, for $18.3 million between December 1, 2025 and February 28, 2026, bringing total repurchases under the October 13, 2021 authorization to 15,131,239 shares, or 12.98%, for $702.21 million (Key Developments).Narrative Update • Mar 31
CMC: Ongoing Buybacks And Rising Dividend Will Support Upside Potential
Analysts have adjusted their price target for Commercial Metals to approximately $69. This reflects updated assumptions for revenue growth, profit margins, and a higher future P/E multiple.Narrative Update • Mar 17
CMC: Share Repurchases Will Support Higher Future P/E And Upside Potential
Analysts have maintained their $69.02 price target for Commercial Metals, noting that updated assumptions around discount rate, revenue growth, profit margin, and future P/E broadly offset each other and support the existing valuation view. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, equal to 0.6% of its shares.Narrative Update • Mar 03
CMC: Share Repurchases And Higher P/E Assumptions Will Shape Fair Value Outlook
Analysts have raised their price target on Commercial Metals from $66.00 to approximately $69.02, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E levels. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, representing 0.6% of its shares.Narrative Update • Feb 17
CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation
Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.Narrative Update • Feb 03
CMC: Ongoing Buybacks And Refined Assumptions Will Guide A Balanced Outlook
Analysts have nudged their price target on Commercial Metals slightly higher to about US$80.30 from roughly US$79.90, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Commercial Metals repurchased 663,220 shares between October 1, 2025 and November 30, 2025 for US$38.9 million, representing 0.6% of the company.Narrative Update • Jan 20
CMC: Ongoing Buybacks And Updated Assumptions Will Shape A Balanced Outlook
Analysts now see fair value for Commercial Metals at US$79.90, up from US$74.00, citing updated views on revenue growth, profit margins, discount rate assumptions, and a lower projected future P/E multiple. What's in the News Commercial Metals reported repurchasing 663,220 shares between October 1, 2025 and November 30, 2025 for US$38.9 million, representing 0.6% of its shares.Narrative Update • Jan 05
CMC: Completed Buybacks And Revised Assumptions Will Shape Measured Future Outlook
Analysts have raised their price target on Commercial Metals from US$67.85 to US$74.00, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower future P/E multiple in their valuation work. What's in the News Commercial Metals completed a share repurchase tranche covering the period from June 1, 2025 to August 31, 2025, buying back 974,462 shares for US$49.97m, equal to 0.87% of shares outstanding (Key Developments).Narrative Update • Dec 14
CMC: Future Upside Will Be Driven By Expanded Earnings Multiple Despite Legal Overhang
Analysts have raised their price target on Commercial Metals from 64.77 dollars to 80.00 dollars. They cited a higher expected future valuation multiple, despite moderating assumptions for revenue growth and profit margins.Narrative Update • Nov 30
CMC: Share Buyback Momentum And Legal Risks Will Shape Future Performance
Analysts have raised the price target for Commercial Metals by $1.00 to $67.85, reflecting modest improvements in expected revenue growth despite a slight contraction in profit margin forecasts. What's in the News From June 1, 2025 to August 31, 2025, Commercial Metals completed the repurchase of 974,462 shares for $49.97 million, bringing the total shares repurchased under its 2021 buyback program to 14,218,865 shares for $645.01 million (Buyback Tranche Update).Narrative Update • Nov 16
CMC: Share Buyback Completion Expected To Drive Future Upside Momentum
Commercial Metals Price Target Raised Amid Updated Analyst Outlook Analysts have increased their price target for Commercial Metals from $66.45 to $66.85, citing modest adjustments to model assumptions and updated discount rate expectations. What's in the News From June 1, 2025 to August 31, 2025, Commercial Metals repurchased 974,462 shares for $49.97 million.Narrative Update • Nov 01
CMC: Share Repurchases And Legal Appeal Will Drive Near-Term Expansion
Analysts have raised their price target for Commercial Metals from $64.20 to $66.45. They cite expectations for stronger revenue growth, even though profit margin forecasts have been slightly moderated.Narrative Update • Oct 18
TAG Program And Arizona 2 Will Drive Future Expansion
Analysts have raised their price target for Commercial Metals from $61.35 to $64.20. They cite updated expectations for revenue growth, profit margins, and valuation metrics.Analysis Article • Oct 18
Commercial Metals (NYSE:CMC) Has Announced A Dividend Of $0.18
Commercial Metals Company's ( NYSE:CMC ) investors are due to receive a payment of $0.18 per share on 13th of November...Narrative Update • Oct 04
TAG Program And Arizona 2 Will Drive Future Expansion
Analysts have raised their price target for Commercial Metals from $59.25 to $61.35. They cite higher anticipated revenue growth and a modest increase in the discount rate, despite a slight decline in profit margin forecasts.Narrative Update • Sep 16
TAG Program And Arizona 2 Will Drive Future Expansion
The modest uptick in Commercial Metals' price target is supported by a slight increase in its future P/E multiple, while revenue growth forecasts remain stable, resulting in a revised fair value of $59.25. What's in the News From March 1, 2025 to May 31, 2025, Commercial Metals repurchased 1,113,014 shares for $50.4 million, representing 0.98% of shares outstanding.Narrative Update • Aug 30
TAG Program And Arizona 2 Will Drive Future Expansion
The fair value estimate for Commercial Metals has edged up as analysts factor in a modest increase in the company's forward P/E multiple, with the consensus price target rising slightly from $56.75 to $57.75. What's in the News Repurchased 1,113,014 shares (0.98%) for $50.4 million between March 1 and May 31, 2025.Seeking Alpha • Jan 15
Commercial Metals: Improving Demand, But Supply Growth And Valuation Are Both Concerns
Summary CMC reported mixed fiscal Q1 results with revenue declines and margin pressures, but the North American steel business outperformed expectations on stronger pricing and good cost control. Destocking could be an issue for a couple more quarters, but longer-term non-resi indicators are turning up and highway spending should grow at a high-single-digit rate in 2025. Better European results are likely tied to a recovery in Germany, which I do expect later in 2025, and the Emerging Business segment gives valuable exposure to higher-margin downstream services. Valuation appears decent with potential beat-and-raise later quarters in 2025, but risks from commodity market volatility and increasing supply remain, and I'd like to see more capital going to shareholders. Read the full article on Seeking AlphaSeeking Alpha • Nov 01
Commercial Metals Company: Maintaining Bearish Stance On Pricey Valuation And Sustained Growth Struggles
Summary Technicals point to a market-top on the intermediate 5-year chart. Sales, earnings & margins decreased meaningfully in fiscal 2024. A no-growth environment is also expected in fiscal 2025. Management is selling investors on the TAG program (A program aimed at driving internal efficiencies aggressively) but meaningful impacts will take years to develop. Read the full article on Seeking Alpha
New Narrative • Oct 20
Innovative Initiatives And Global Expansion Fuel Growth Despite Economic Challenges
The TAG initiative and Arizona 2's ramp-up are set to enhance margins and earnings growth by improving production capacity and operational excellence.Shareholder Returns
| CMC | US Metals and Mining | US Market | |
|---|---|---|---|
| 7D | -6.9% | -0.5% | 1.4% |
| 1Y | 48.6% | 77.2% | 25.7% |
Return vs Industry: CMC underperformed the US Metals and Mining industry which returned 74.5% over the past year.
Return vs Market: CMC exceeded the US Market which returned 25.1% over the past year.
Price Volatility
| CMC volatility | |
|---|---|
| CMC Average Weekly Movement | 5.3% |
| Metals and Mining Industry Average Movement | 9.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CMC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CMC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1915 | 12,690 | Peter Matt | www.cmc.com |
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.
Commercial Metals Company Fundamentals Summary
| CMC fundamental statistics | |
|---|---|
| Market cap | US$8.02b |
| Earnings (TTM) | US$505.22m |
| Revenue (TTM) | US$8.39b |
15.9x
P/E Ratio1.0x
P/S RatioIs CMC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CMC income statement (TTM) | |
|---|---|
| Revenue | US$8.39b |
| Cost of Revenue | US$6.90b |
| Gross Profit | US$1.49b |
| Other Expenses | US$982.55m |
| Earnings | US$505.22m |
Last Reported Earnings
Feb 28, 2026
Next Earnings Date
Jun 25, 2026
| Earnings per share (EPS) | 4.56 |
| Gross Margin | 17.74% |
| Net Profit Margin | 6.02% |
| Debt/Equity Ratio | 72.1% |
How did CMC perform over the long term?
See historical performance and comparisonDividends
1.1%
Current Dividend Yield16%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/20 10:21 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Commercial Metals Company is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Garchitorena | Barclays |
| Katja Jancic | BMO Capital Markets Equity Research |
| Tristan Gresser | BNP Paribas |