Commercial Metals vs Reliance
Reliance is the larger business, with $14.29bn of revenue in fiscal 2025 against $9.39bn for Commercial Metals (1.5 times as much). Commercial Metals grew faster (20.5% against 3.3%). Commercial Metals kept more of each dollar of sales as profit: a net margin of 7.0% against 5.2%.
| Latest fiscal year | Commercial MetalsCMC, 2026 | RelianceRS, 2025 |
|---|---|---|
| Revenue | $9.39bn | $14.29bn |
| Revenue growth | 20.5% | 3.3% |
| Net income | $656m | $739m |
| Operating margin | — | 7.1% |
| Net margin | 7.0% | 5.2% |
| Return on equity | 14.8% | 10.3% |
| Free cash flow | $479m | $503m |
| Cash | $779m | $217m |
| Total debt | $3.41bn | $1.43bn |
| Debt to equity | — | 19.9% |
| Dividend per share | $0.76 | — |
| Dividend yield | 1.2% | — |
| Share buybacks | $103m | $594m |
| Employees | — | 15,700 |
| Market value | $7.38bn | $22.73bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 48 (Moderate) | 68 (Moderate) |
| Insider trades, 12 months | 3 buys, 1 sales | 0 buys, 17 sales |