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Commercial Metals Co key statistics and ratios

In fiscal 2026, Commercial Metals Co had return on equity of 14.8% and a net margin of 7.0%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Aug 20092010Aug 20102011Aug 20112016Aug 20162017Aug 20172018Aug 20182019Aug 20192020Aug 20202021Aug 20212022Aug 20222023Aug 20232024Aug 20242025Aug 20252026Aug 2026
Net margin0.3%−3.3%−1.6%1.5%1.2%3.0%3.4%5.1%6.1%13.7%9.8%6.1%1.1%7.0%
Return on equity1.4%−14.8%−10.8%4.3%6.8%—24.4%15.9%19.7%43.6%23.2%11.5%2.0%14.8%
Return on assets0.6%−5.6%−3.5%1.6%1.5%4.4%5.6%7.1%9.5%22.4%13.4%7.2%1.2%7.5%
Effective tax rate38.6%—55.8%18.4%23.3%18.2%26.0%24.9%22.7%19.7%23.4%23.6%21.3%7.8%
SG&A as % of revenue9.6%8.1%6.4%10.7%10.1%8.6%7.9%9.3%7.5%6.1%7.3%8.4%9.0%9.4%
Dividends ÷ net income260.3%——101.1%119.8%40.5%28.5%20.4%14.0%5.6%8.7%16.2%96.2%12.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · August 31, 2026
What it owns · $10.3bn
Short-term assets $3.8bnLonger-term assets $6.5bn
What it owes, and who funded it · $10.3bn
Short-term liabilities $1.6bnLonger-term liabilities $3.9bnShareholders' equity $4.7bn
  • Short-term assets cover short-term liabilities $3.8bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.8bn short-term assets against $3.9bn of longer-dated liabilities.
  • More cash than debt $779m of cash against $3.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 70% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 50% to 70% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $3.3bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Commercial Metals Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

48 /100

Moderate moat

How hard Commercial Metals's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Net income has been a median 6.6% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 16.8%, moving by 2.6 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Net margin has been a median 5.6%; its worst year was 1.1%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 7 of 10 years, at a median 3.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 8.3% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CMC vs RYZCMC vs WSCMC vs RS

More: Steel stocks compared, Materials sector, rankings of US companies

Figures from Commercial Metals Co's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Commercial Metals Co.