Commercial Metals (CMC) Financials

$41.70 -0.17 (-0.41%)

Closing price 03:59 PM Eastern

Extended Trading

$41.69 -0.01 (-0.02%)

As of 05:52 PM Eastern

Annual Income Statements for Commercial Metals

This table shows Commercial Metals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	79	55	46	139	198	280	413	1,217	860	485
Consolidated Net Income / (Loss)	79	55	46	139	198	280	413	1,217	860	485
Net Income / (Loss) Continuing Operations	63	62	50	135	199	278	413	1,217	860	485
Total Pre-Tax Income	96	76	65	165	268	371	534	1,515	1,122	636
Total Operating Income	173	139	110	206	340	433	586	1,566	1,162	684
Total Gross Profit	597	574	521	622	803	945	1,106	1,856	1,812	1,359
Total Revenue	5,424	3,596	3,844	4,644	5,829	5,476	6,730	8,913	8,800	7,926
Operating Revenue	5,424	3,596	3,844	4,644	5,829	5,476	6,730	8,913	8,800	7,926
Total Cost of Revenue	4,828	3,022	3,323	4,022	5,026	4,532	5,624	7,057	6,988	6,567
Operating Cost of Revenue	4,828	3,022	3,323	4,022	5,026	4,532	5,624	7,057	6,988	6,567
Total Operating Expenses	424	435	412	416	464	512	520	291	650	675
Selling, General & Admin Expense	414	384	387	401	463	507	505	545	644	665
Other Operating Expenses / (Income)	0.00	11	23	-	0.00	1.78	17	16	0.18	0.01
Impairment Charge	9.84	40	1.73	14	0.38	7.61	6.78	4.93	3.78	6.71
Other Special Charges / (Income)	-	-	-	-	-	-4.21	-8.81	-275	2.33	3.32
Total Other Income / (Expense), net	-76	-63	-44	-41	-71	-62	-52	-51	-40	-48
Interest Expense	76	63	44	41	71	62	52	51	40	48
Income Tax Expense	33	14	15	30	70	92	121	298	262	150
Basic Earnings per Share	$0.68	$0.48	$0.40	$1.19	$1.68	$2.35	$3.43	$10.09	$7.34	$4.19
Weighted Average Basic Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	120.34M	120.65M	117.08M	115.84M
Diluted Earnings per Share	$0.67	$0.47	$0.39	$1.17	$1.66	$2.32	$3.38	$9.95	$7.25	$4.14
Weighted Average Diluted Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	121.98M	122.37M	118.61M	117.15M
Weighted Average Basic & Diluted Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	241.18M	234.69M	116.91M	113.91M
Cash Dividends to Common per Share	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.56	$0.64	$0.68

This table shows Commercial Metals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	289	262	180	234	184	176	86	119	104	-176	25
Consolidated Net Income / (Loss)	289	262	180	234	184	176	86	119	104	-176	25
Net Income / (Loss) Continuing Operations	289	262	180	234	184	176	86	119	104	-176	25
Total Pre-Tax Income	339	338	235	310	238	225	117	160	134	-231	36
Total Operating Income	353	352	245	319	246	236	129	172	146	-220	47
Total Gross Profit	508	508	396	483	425	399	296	340	323	308	220
Total Revenue	2,407	2,227	2,018	2,345	2,209	2,003	1,848	2,078	1,996	1,910	1,754
Operating Revenue	2,407	2,227	2,018	2,345	2,209	2,003	1,848	2,078	1,996	1,910	1,754
Total Cost of Revenue	1,899	1,719	1,622	1,862	1,784	1,604	1,552	1,738	1,673	1,602	1,535
Operating Cost of Revenue	1,899	1,719	1,622	1,862	1,784	1,604	1,552	1,738	1,673	1,602	1,535
Total Operating Expenses	155	156	151	164	179	163	167	168	177	528	172
Selling, General & Admin Expense	155	156	151	164	173	163	167	168	167	178	168
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	-	-	350	4.72
Total Other Income / (Expense), net	-14	-13	-9.95	-8.88	-8.26	-12	-12	-12	-12	-11	-11
Interest Expense	14	13	9.95	8.88	8.26	12	12	12	12	11	11
Income Tax Expense	50	77	56	76	54	48	31	41	30	-56	11
Basic Earnings per Share	$2.43	$2.23	$1.53	$2.00	$1.58	$1.51	$0.74	$1.03	$0.91	($1.54)	$0.22
Weighted Average Basic Shares Outstanding	120.65M	117.27M	117.22M	117.07M	117.08M	116.77M	116.40M	115.53M	115.84M	114.05M	113.56M
Diluted Earnings per Share	$2.39	$2.20	$1.51	$1.98	$1.56	$1.49	$0.73	$1.02	$0.90	($1.54)	$0.22
Weighted Average Diluted Shares Outstanding	122.37M	118.93M	118.72M	118.40M	118.61M	118.35M	117.52M	116.66M	117.15M	114.05M	114.51M
Weighted Average Basic & Diluted Shares Outstanding	234.69M	117.12M	117.12M	116.79M	116.91M	116.39M	115.71M	114.99M	113.91M	113.64M	113.00M
Cash Dividends to Common per Share	-	$0.16	$0.16	$0.16	-	$0.16	$0.16	$0.18	-	$0.18	$0.18

This table details how cash moves in and out of Commercial Metals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	50	54	-254	347	-439	351	-44	178	-84	264
Net Cash From Operating Activities	313	587	-523	-434	37	791	228	700	1,344	900
Net Cash From Continuing Operating Activities	313	587	-523	-434	37	791	228	700	1,344	900
Net Income / (Loss) Continuing Operations	79	55	46	139	198	280	413	1,217	860	485
Consolidated Net Income / (Loss)	79	55	46	139	198	280	413	1,217	860	485
Depreciation Expense	133	127	125	132	159	166	168	175	219	280
Non-Cash Adjustments To Reconcile Net Income	-46	96	95	42	23	37	59	-207	60	53
Changes in Operating Assets and Liabilities, net	155	317	-778	-746	-268	338	-405	-485	205	80
Net Cash From Investing Activities	-77	-154	595	522	-462	-193	-162	-685	-835	-323
Net Cash From Continuing Investing Activities	-77	-154	595	522	-462	-193	-162	-685	-835	-323
Purchase of Property, Plant & Equipment	-120	-163	-213	-175	-139	-188	-184	-450	-607	-324
Acquisitions	0.00	0.00	-56	-6.98	-701	-18	-1.89	-552	-235	0.00
Sale of Property, Plant & Equipment	15	5.11	3.16	8.10	3.91	12	26	315	1.01	0.76
Other Investing Activities, net	-	0.00	698	695	374	0.97	-2.50	2.57	5.15	0.51
Net Cash From Financing Activities	-181	-378	-324	259	-13	-248	-109	165	-599	-314
Net Cash From Continuing Financing Activities	-181	-378	-324	259	-13	-248	-109	165	-599	-314
Repayment of Debt	-92	-284	-739	-25	-424	-484	-654	-779	-741	-220
Repurchase of Common Equity	-42	-31	-	-	-	0.00	0.00	-162	-101	-183
Payment of Dividends	-56	-55	-56	-56	-57	-57	-58	-68	-75	-79
Issuance of Debt	7.80	0.00	475	350	469	297	606	1,184	330	175
Issuance of Common Equity	-	-	-	-	0.01	0.02	0.02	0.00	0.01	0.01
Other Financing Activities, net	1.04	-7.73	-5.50	-9.30	-1.88	-3.42	-3.17	-9.46	-13	-7.60
Effect of Exchange Rate Changes	-5.55	-1.28	-1.21	-0.70	-0.60	0.76	-0.79	-2.79	7.08	0.89
Cash Interest Paid	-	75	66	40	65	60	58	47	64	49
Cash Income Taxes Paid	-	50	31	7.20	7.98	44	141	229	200	158

This table details how cash moves in and out of Commercial Metals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	143	-92	21	-130	117	111	-67	61	159	-2.67	-97
Net Cash From Operating Activities	459	372	187	376	409	261	89	198	352	213	32
Net Cash From Continuing Operating Activities	459	372	187	376	409	261	89	198	352	213	32
Net Income / (Loss) Continuing Operations	289	262	180	234	184	176	86	119	104	-176	25
Consolidated Net Income / (Loss)	289	262	180	234	184	176	86	119	104	-176	25
Depreciation Expense	49	51	51	55	61	69	68	71	72	70	71
Non-Cash Adjustments To Reconcile Net Income	10	21	0.30	14	25	19	15	9.04	11	369	20
Changes in Operating Assets and Liabilities, net	110	38	-45	73	139	-3.11	-80	-1.30	165	-51	-83
Net Cash From Investing Activities	-156	-196	-157	-253	-230	-66	-92	-82	-82	-113	-62
Net Cash From Continuing Investing Activities	-156	-196	-157	-253	-230	-66	-92	-82	-82	-113	-62
Purchase of Property, Plant & Equipment	-156	-133	-156	-150	-167	-67	-94	-82	-81	-118	-86
Sale of Property, Plant & Equipment	0.18	-	-	-	-	0.00	0.39	-	-	5.17	0.10
Other Investing Activities, net	-0.51	1.25	0.56	-0.15	3.50	0.52	1.41	-0.46	-1.34	-0.47	25
Net Cash From Financing Activities	-159	-274	-9.86	-253	-62	-84	-64	-55	-111	-102	-68
Net Cash From Continuing Financing Activities	-159	-274	-9.86	-253	-62	-84	-64	-55	-111	-102	-68
Repayment of Debt	-152	-182	-58	-387	-114	-27	-36	-87	-70	-24	-9.30
Repurchase of Common Equity	-106	-49	-17	-17	-19	-28	-48	-52	-55	-50	-48
Payment of Dividends	-17	-19	-19	-19	-19	-19	-19	-21	-21	-21	-20
Other Financing Activities, net	0.68	-24	8.72	1.12	1.13	-20	10	0.66	0.97	-20	9.30
Effect of Exchange Rate Changes	-0.92	5.14	1.41	0.43	0.11	0.82	-0.44	0.13	0.38	-0.70	0.19
Cash Interest Paid	-	22	13	16	13	11	13	11	14	11	14
Cash Income Taxes Paid	-	16	99	36	49	1.40	85	45	27	-3.03	63

This table presents Commercial Metals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,440	3,131	2,975	3,328	3,759	4,082	4,639	6,237	6,639	6,818
Total Current Assets	2,380	2,048	1,714	2,077	2,080	2,214	2,737	3,441	3,144	3,293
Cash & Equivalents	485	518	253	622	192	542	498	673	592	858
Accounts Receivable	901	689	561	749	1,016	881	1,106	1,359	1,240	1,159
Inventories, net	880	540	463	589	692	625	935	1,170	1,036	972
Prepaid Expenses	-	-	-	-	179	166	173	240	276	285
Other Current Assets	94	110	140	116	-	0.00	25	-	0.00	19
Plant, Property, & Equipment, net	884	895	1,052	1,075	1,501	1,571	1,566	1,911	2,409	2,577
Total Noncurrent Assets	176	188	210	176	178	297	336	885	1,086	948
Goodwill	66	66	65	64	64	64	66	249	386	386
Intangible Assets	-	-	-	-	-	-	10	257	259	235
Other Noncurrent Operating Assets	110	121	145	112	114	232	259	378	441	327
Total Liabilities & Shareholders' Equity	3,440	3,131	2,975	3,328	3,759	4,082	4,639	6,237	6,639	6,818
Total Liabilities	2,059	1,763	1,574	1,835	2,135	2,192	2,344	2,951	2,518	2,518
Total Current Liabilities	629	821	608	542	695	745	980	1,357	844	835
Short-Term Debt	30	313	19	20	17	18	54	389	41	39
Accounts Payable	302	208	226	261	288	721	926	968	803	796
Other Current Liabilities	-	-	-	0.00	35	6.04	-	-	-	0.00
Total Noncurrent Liabilities	1,430	942	966	1,293	1,440	1,447	1,363	1,594	1,674	1,683
Long-Term Debt	1,272	758	806	1,139	1,227	1,066	1,015	1,113	1,114	1,151
Noncurrent Deferred & Payable Income Tax Liabilities	56	63	49	38	79	131	112	250	307	277
Other Noncurrent Operating Liabilities	102	121	111	116	134	251	236	230	253	255
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,381	1,367	1,401	1,494	1,624	1,889	2,295	3,286	4,121	4,300
Total Preferred & Common Equity	1,381	1,367	1,401	1,493	1,624	1,889	2,295	3,286	4,121	4,300
Total Common Equity	1,381	1,367	1,401	1,493	1,624	1,889	2,295	3,286	4,121	4,300
Common Stock	367	360	351	354	360	360	369	384	396	409
Retained Earnings	1,374	1,373	1,364	1,446	1,585	1,808	2,163	3,312	4,097	4,504
Treasury Stock	-246	-253	-232	-213	-197	-175	-153	-296	-369	-527
Accumulated Other Comprehensive Income / (Loss)	-114	-113	-82	-94	-124	-104	-85	-114	-3.78	-86
Noncontrolling Interest	0.15	0.16	0.17	0.19	0.20	0.21	0.23	0.23	0.24	0.25

This table presents Commercial Metals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	6,104	6,274	6,485	6,521	6,695	6,662	6,710	6,772	6,690
Total Current Assets	3,444	3,224	3,278	3,142	3,244	3,198	3,240	3,218	3,128
Cash & Equivalents	410	582	604	475	705	638	698	856	758
Accounts Receivable	1,330	1,287	1,264	1,245	1,216	1,119	1,182	1,106	1,088
Inventories, net	1,346	1,103	1,144	1,145	1,029	1,150	1,075	960	978
Prepaid Expenses	230	252	266	276	294	291	284	295	302
Other Current Assets	0.06	-	-	-	-	-	-	1.20	1.20
Plant, Property, & Equipment, net	1,808	2,029	2,160	2,268	2,424	2,475	2,512	2,613	2,623
Total Noncurrent Assets	852	1,021	1,047	1,111	1,028	990	959	941	938
Goodwill	254	277	279	342	383	384	384	384	384
Intangible Assets	266	252	249	252	252	246	240	227	220
Other Noncurrent Operating Assets	332	492	520	517	393	360	335	330	334
Total Liabilities & Shareholders' Equity	6,104	6,274	6,485	6,521	6,695	6,662	6,710	6,772	6,690
Total Liabilities	2,962	2,690	2,702	2,497	2,465	2,440	2,451	2,757	2,678
Total Current Liabilities	1,391	1,078	1,066	853	787	763	765	1,165	1,109
Short-Term Debt	423	239	265	56	34	36	63	39	40
Accounts Payable	493	397	423	382	753	727	702	777	714
Other Current Liabilities	-	-	-	-	-	-	-	350	355
Total Noncurrent Liabilities	1,571	1,612	1,636	1,644	1,678	1,677	1,686	1,592	1,568
Long-Term Debt	1,115	1,093	1,100	1,103	1,120	1,126	1,138	1,149	1,155
Noncurrent Deferred & Payable Income Tax Liabilities	224	284	303	310	318	293	286	200	186
Other Noncurrent Operating Liabilities	231	235	232	231	240	257	263	243	228
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,142	3,584	3,783	4,024	4,230	4,223	4,259	4,015	4,012
Total Preferred & Common Equity	3,142	3,584	3,783	4,023	4,230	4,222	4,259	4,015	4,012
Total Common Equity	3,142	3,584	3,783	4,023	4,230	4,222	4,259	4,015	4,012
Common Stock	377	362	376	387	379	391	400	386	394
Retained Earnings	3,041	3,555	3,717	3,932	4,255	4,322	4,421	4,308	4,313
Treasury Stock	-190	-324	-334	-350	-379	-419	-471	-557	-596
Accumulated Other Comprehensive Income / (Loss)	-86	-10	24	55	-25	-72	-91	-122	-99
Noncontrolling Interest	0.23	0.23	0.23	0.24	0.24	0.24	0.25	0.25	0.25

This table displays calculated financial ratios and metrics derived from Commercial Metals' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.12%	-33.71%	6.90%	20.80%	25.52%	-6.05%	22.88%	32.45%	-1.28%	-9.93%
EBITDA Growth	-19.52%	-13.35%	-13.66%	51.56%	25.36%	34.29%	31.37%	132.89%	-20.68%	-30.20%
EBIT Growth	-28.54%	-19.64%	-21.12%	88.26%	64.69%	27.30%	35.44%	167.25%	-25.79%	-41.18%
NOPAT Growth	-34.54%	0.40%	-25.90%	100.82%	49.13%	29.05%	39.50%	177.71%	-29.21%	-41.37%
Net Income Growth	-29.85%	-31.07%	-15.39%	198.94%	43.02%	41.10%	47.71%	194.83%	-29.37%	-43.53%
EPS Growth	-29.47%	-29.85%	-17.02%	200.00%	41.88%	39.76%	45.69%	194.38%	-27.14%	-42.90%
Operating Cash Flow Growth	128.90%	87.22%	-189.16%	17.08%	108.53%	2,038.16%	-71.12%	206.52%	91.93%	-33.06%
Free Cash Flow Firm Growth	1.62%	277.45%	-83.58%	-210.81%	-307.66%	244.24%	-97.04%	-44.97%	3,382.90%	77.79%
Invested Capital Growth	-1.27%	-19.18%	-0.20%	15.06%	31.87%	-9.16%	17.94%	43.55%	13.79%	-1.11%
Revenue Q/Q Growth	-15.43%	-15.37%	24.19%	8.54%	4.19%	-2.39%	10.18%	4.41%	-2.20%	-2.62%
EBITDA Q/Q Growth	-24.26%	1.83%	-2.49%	35.58%	10.16%	-2.35%	18.02%	9.78%	-6.40%	-8.49%
EBIT Q/Q Growth	-35.11%	4.57%	-1.91%	66.68%	15.98%	-4.45%	21.62%	10.47%	-8.41%	-12.79%
NOPAT Q/Q Growth	-40.17%	17.30%	-9.22%	68.91%	17.02%	-6.31%	22.44%	12.43%	-11.00%	-12.90%
Net Income Q/Q Growth	-20.32%	-18.56%	-38.83%	141.29%	21.13%	-6.20%	25.69%	12.64%	-10.83%	-14.18%
EPS Q/Q Growth	-20.24%	-17.54%	-40.00%	143.75%	20.29%	-6.45%	25.19%	13.20%	-10.27%	-13.75%
Operating Cash Flow Q/Q Growth	209.06%	-22.94%	-629.04%	50.28%	111.49%	0.49%	-35.39%	86.26%	-3.53%	-6.02%
Free Cash Flow Firm Q/Q Growth	-14.61%	47.73%	157.65%	-132.04%	32.75%	-11.30%	-81.13%	103.95%	-26.22%	5.23%
Invested Capital Q/Q Growth	-1.74%	-9.90%	-20.03%	1.32%	-4.61%	-3.13%	2.75%	-0.68%	-0.50%	-2.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.00%	15.97%	13.56%	13.40%	13.78%	17.25%	16.43%	20.83%	20.59%	17.14%
EBITDA Margin	5.50%	7.18%	5.80%	7.28%	7.27%	10.39%	11.11%	19.53%	15.69%	12.16%
Operating Margin	3.19%	3.86%	2.85%	4.44%	5.83%	7.90%	8.71%	17.57%	13.21%	8.62%
EBIT Margin	3.19%	3.86%	2.85%	4.44%	5.83%	7.90%	8.71%	17.57%	13.21%	8.62%
Profit (Net Income) Margin	1.46%	1.52%	1.21%	2.98%	3.40%	5.10%	6.13%	13.66%	9.77%	6.13%
Tax Burden Percent	82.36%	72.08%	70.79%	83.75%	73.79%	75.38%	77.31%	80.34%	76.63%	76.37%
Interest Burden Percent	55.78%	54.68%	59.72%	80.15%	79.00%	85.71%	91.14%	96.76%	96.55%	92.99%
Effective Tax Rate	34.69%	18.40%	23.34%	18.23%	25.96%	24.94%	22.69%	19.66%	23.37%	23.63%
Return on Invested Capital (ROIC)	5.13%	5.74%	4.76%	8.90%	10.69%	12.72%	17.10%	36.03%	20.24%	11.21%
ROIC Less NNEP Spread (ROIC-NNEP)	1.12%	-3.99%	-5.12%	2.17%	3.95%	7.04%	9.89%	30.22%	15.82%	3.03%
Return on Net Nonoperating Assets (RNNOA)	0.69%	-1.75%	-1.41%	0.67%	2.01%	3.19%	2.63%	7.59%	2.97%	0.32%
Return on Equity (ROE)	5.82%	3.98%	3.35%	9.57%	12.71%	15.91%	19.73%	43.62%	23.21%	11.53%
Cash Return on Invested Capital (CROIC)	6.41%	26.95%	4.95%	-5.11%	-16.79%	22.32%	0.64%	0.27%	7.34%	12.32%
Operating Return on Assets (OROA)	4.85%	4.23%	3.59%	6.55%	9.59%	11.04%	13.44%	28.80%	18.05%	10.16%
Return on Assets (ROA)	2.23%	1.67%	1.52%	4.39%	5.59%	7.13%	9.47%	22.39%	13.35%	7.22%
Return on Common Equity (ROCE)	5.82%	3.98%	3.35%	9.57%	12.71%	15.91%	19.73%	43.61%	23.21%	11.53%
Return on Equity Simple (ROE_SIMPLE)	5.75%	4.01%	3.31%	9.27%	12.20%	14.79%	17.99%	37.04%	20.86%	11.29%
Net Operating Profit after Tax (NOPAT)	113	113	84	169	252	325	453	1,258	891	522
NOPAT Margin	2.08%	3.15%	2.19%	3.63%	4.32%	5.93%	6.73%	14.11%	10.12%	6.59%
Net Nonoperating Expense Percent (NNEP)	4.01%	9.73%	9.88%	6.73%	6.74%	5.67%	7.21%	5.81%	4.42%	8.18%
Cost of Revenue to Revenue	89.00%	84.03%	86.44%	86.60%	86.22%	82.75%	83.57%	79.17%	79.41%	82.86%
SG&A Expenses to Revenue	7.63%	10.67%	10.08%	8.65%	7.95%	9.26%	7.51%	6.11%	7.31%	8.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.82%	12.10%	10.71%	8.95%	7.95%	9.35%	7.73%	3.26%	7.38%	8.52%
Earnings before Interest and Taxes (EBIT)	173	139	110	206	340	433	586	1,566	1,162	684
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	298	258	223	338	424	569	748	1,741	1,381	964
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.11	1.36	1.51	1.04	1.24	1.64	1.45	1.57	1.43
Price to Tangible Book Value (P/TBV)	1.14	1.16	1.43	1.58	1.09	1.28	1.70	1.71	1.87	1.67
Price to Revenue (P/Rev)	0.28	0.42	0.50	0.49	0.29	0.43	0.56	0.53	0.74	0.78
Price to Earnings (P/E)	18.85	27.66	41.22	16.30	8.56	8.37	9.14	3.91	7.54	12.69
Dividend Yield	3.71%	3.63%	2.91%	2.49%	3.34%	2.44%	1.53%	1.42%	1.15%	1.27%
Earnings Yield	5.31%	3.62%	2.43%	6.13%	11.68%	11.95%	10.94%	25.61%	13.26%	7.88%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.17	1.41	1.38	1.03	1.18	1.52	1.36	1.50	1.40
Enterprise Value to Revenue (EV/Rev)	0.43	0.58	0.65	0.60	0.47	0.53	0.65	0.63	0.80	0.82
Enterprise Value to EBITDA (EV/EBITDA)	7.76	8.01	11.13	8.27	6.49	5.06	5.81	3.21	5.10	6.74
Enterprise Value to EBIT (EV/EBIT)	13.38	14.89	22.65	13.54	8.09	6.66	7.42	3.57	6.06	9.50
Enterprise Value to NOPAT (EV/NOPAT)	20.49	18.24	29.54	16.56	10.92	8.87	9.59	4.44	7.91	12.44
Enterprise Value to Operating Cash Flow (EV/OCF)	7.38	3.52	0.00	0.00	74.26	3.64	19.02	7.97	5.24	7.22
Enterprise Value to Free Cash Flow (EV/FCFF)	16.39	3.88	28.38	0.00	0.00	5.05	257.97	602.41	21.83	11.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	0.78	0.59	0.78	0.77	0.57	0.47	0.46	0.28	0.28
Long-Term Debt to Equity	0.92	0.55	0.58	0.76	0.76	0.56	0.44	0.34	0.27	0.27
Financial Leverage	0.61	0.44	0.28	0.31	0.51	0.45	0.27	0.25	0.19	0.11
Leverage Ratio	2.61	2.39	2.21	2.18	2.27	2.23	2.08	1.95	1.74	1.60
Compound Leverage Factor	1.46	1.31	1.32	1.75	1.80	1.91	1.90	1.89	1.68	1.49
Debt to Total Capital	48.53%	43.93%	37.06%	43.68%	43.39%	36.45%	31.79%	31.37%	21.89%	21.67%
Short-Term Debt to Total Capital	1.13%	12.85%	0.86%	0.74%	0.61%	0.61%	1.62%	8.12%	0.77%	0.71%
Long-Term Debt to Total Capital	47.40%	31.08%	36.19%	42.94%	42.78%	35.84%	30.18%	23.25%	21.12%	20.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.46%	56.06%	62.94%	56.31%	56.61%	63.54%	68.20%	68.63%	78.11%	78.33%
Debt to EBITDA	4.37	4.15	3.70	3.43	2.94	1.90	1.43	0.86	0.84	1.23
Net Debt to EBITDA	2.74	2.14	2.57	1.59	2.48	0.95	0.77	0.48	0.41	0.34
Long-Term Debt to EBITDA	4.27	2.93	3.61	3.37	2.90	1.87	1.36	0.64	0.81	1.19
Debt to NOPAT	11.53	9.45	9.82	6.87	4.95	3.34	2.36	1.19	1.30	2.28
Net Debt to NOPAT	7.23	4.88	6.81	3.18	4.18	1.67	1.26	0.66	0.63	0.64
Long-Term Debt to NOPAT	11.26	6.68	9.59	6.75	4.88	3.28	2.24	0.88	1.25	2.20
Altman Z-Score	3.35	2.89	3.23	3.50	3.36	3.38	3.94	4.37	4.73	4.32
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.79	2.49	2.82	3.83	2.99	2.97	2.79	2.54	3.73	3.94
Quick Ratio	2.20	1.47	1.34	2.53	1.74	1.91	1.64	1.50	2.17	2.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	141	533	87	-97	-395	570	17	9.27	323	574
Operating Cash Flow to CapEx	299.52%	370.92%	-249.23%	-260.53%	27.43%	450.12%	144.84%	519.36%	221.92%	278.10%
Free Cash Flow to Firm to Interest Expense	1.85	8.46	1.98	-2.37	-5.54	9.22	0.32	0.18	8.04	11.98
Operating Cash Flow to Interest Expense	4.10	9.32	-11.85	-10.59	0.52	12.80	4.40	13.81	33.50	18.79
Operating Cash Flow Less CapEx to Interest Expense	2.73	6.81	-16.61	-14.66	-1.37	9.95	1.36	11.15	18.40	12.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	1.09	1.26	1.47	1.65	1.40	1.54	1.64	1.37	1.18
Accounts Receivable Turnover	5.62	4.52	6.15	7.08	6.60	5.77	6.78	7.23	6.77	6.61
Inventory Turnover	5.32	4.25	6.63	7.65	7.84	6.88	7.21	6.70	6.34	6.54
Fixed Asset Turnover	6.00	4.04	3.95	4.37	4.53	3.57	4.29	5.13	4.07	3.18
Accounts Payable Turnover	11.34	11.84	15.30	16.49	18.30	8.98	6.83	7.45	7.89	8.21
Days Sales Outstanding (DSO)	64.90	80.69	59.38	51.52	55.28	63.21	53.87	50.46	53.91	55.24
Days Inventory Outstanding (DIO)	68.65	85.79	55.07	47.72	46.53	53.07	50.65	54.44	57.60	55.78
Days Payable Outstanding (DPO)	32.18	30.82	23.86	22.13	19.95	40.64	53.45	48.99	46.26	44.44
Cash Conversion Cycle (CCC)	101.37	135.66	90.60	77.11	81.86	75.64	51.06	55.91	65.24	66.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,187	1,767	1,764	2,029	2,676	2,431	2,867	4,116	4,684	4,632
Invested Capital Turnover	2.46	1.82	2.18	2.45	2.48	2.14	2.54	2.55	2.00	1.70
Increase / (Decrease) in Invested Capital	-28	-419	-3.46	266	647	-245	436	1,249	568	-52
Enterprise Value (EV)	2,314	2,069	2,482	2,794	2,748	2,880	4,345	5,583	7,048	6,494
Market Capitalization	1,497	1,514	1,910	2,258	1,696	2,338	3,773	4,754	6,485	6,162
Book Value per Share	$11.95	$11.93	$12.10	$12.76	$13.77	$15.87	$19.03	$27.27	$35.29	$37.39
Tangible Book Value per Share	$11.37	$11.35	$11.54	$12.21	$13.23	$15.33	$18.40	$23.07	$29.76	$32.00
Total Capital	2,684	2,439	2,226	2,652	2,869	2,973	3,365	4,788	5,276	5,490
Total Debt	1,302	1,071	825	1,158	1,245	1,084	1,070	1,502	1,155	1,190
Total Long-Term Debt	1,272	758	806	1,139	1,227	1,066	1,015	1,113	1,114	1,151
Net Debt	817	554	572	536	1,052	542	572	829	562	332
Capital Expenditures (CapEx)	105	158	210	167	135	176	158	135	606	324
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,297	1,023	872	933	1,210	945	1,313	1,801	1,749	1,639
Debt-free Net Working Capital (DFNWC)	1,782	1,540	1,125	1,555	1,403	1,487	1,811	2,473	2,341	2,497
Net Working Capital (NWC)	1,752	1,227	1,105	1,535	1,385	1,469	1,756	2,084	2,300	2,458
Net Nonoperating Expense (NNE)	33	59	38	30	54	45	40	41	31	37
Net Nonoperating Obligations (NNO)	805	400	363	536	1,052	542	572	829	562	332
Total Depreciation and Amortization (D&A)	125	119	113	132	84	136	162	175	219	280
Debt-free, Cash-free Net Working Capital to Revenue	23.90%	28.45%	22.69%	20.08%	20.77%	17.25%	19.51%	20.20%	19.87%	20.68%
Debt-free Net Working Capital to Revenue	32.85%	42.84%	29.26%	33.49%	24.07%	27.15%	26.91%	27.75%	26.60%	31.50%
Net Working Capital to Revenue	32.29%	34.12%	28.76%	33.06%	23.77%	26.82%	26.10%	23.39%	26.14%	31.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$0.48	$0.40	$1.19	$1.68	$2.35	$3.43	$10.09	$7.34	$4.19
Adjusted Weighted Average Basic Shares Outstanding	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	117.08M	115.84M
Adjusted Diluted Earnings per Share	$1.20	$0.47	$0.39	$1.17	$1.66	$2.32	$3.38	$9.95	$7.25	$4.14
Adjusted Weighted Average Diluted Shares Outstanding	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	118.61M	117.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	116.91M	113.91M
Normalized Net Operating Profit after Tax (NOPAT)	119	146	85	180	252	327	451	1,041	895	530
Normalized NOPAT Margin	2.20%	4.06%	2.22%	3.89%	4.32%	5.98%	6.71%	11.68%	10.17%	6.68%
Pre Tax Income Margin	1.78%	2.11%	1.70%	3.56%	4.61%	6.77%	7.94%	17.00%	12.75%	8.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.26	2.21	2.48	5.04	4.76	7.00	11.29	30.88	28.96	14.27
NOPAT to Interest Expense	1.48	1.80	1.90	4.12	3.53	5.25	8.73	24.81	22.19	10.90
EBIT Less CapEx to Interest Expense	0.89	-0.31	-2.27	0.97	2.87	4.15	8.25	28.22	13.87	7.52
NOPAT Less CapEx to Interest Expense	0.11	-0.71	-2.85	0.05	1.64	2.41	5.69	22.15	7.10	4.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.37%	101.01%	119.82%	40.49%	28.54%	20.41%	13.99%	5.57%	8.72%	16.25%
Augmented Payout Ratio	123.00%	156.88%	119.82%	40.49%	28.54%	20.41%	13.99%	18.86%	20.51%	53.92%

This table displays calculated financial ratios and metrics derived from Commercial Metals' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.54%	12.39%	0.45%	-6.79%	-8.22%	-10.07%	-8.41%	-11.36%	-9.65%	-4.67%	-5.08%
EBITDA Growth	63.81%	28.25%	-47.30%	-19.04%	-23.50%	-24.11%	-33.56%	-35.01%	-29.07%	-148.93%	-40.21%
EBIT Growth	72.61%	28.87%	-52.96%	-23.78%	-30.23%	-32.74%	-47.52%	-45.94%	-40.73%	-193.03%	-63.30%
NOPAT Growth	86.20%	12.01%	-52.22%	-25.44%	-36.64%	-31.77%	-49.55%	-46.62%	-40.51%	-183.01%	-64.73%
Net Income Growth	89.88%	12.40%	-53.08%	-25.11%	-36.19%	-32.66%	-52.27%	-48.95%	-43.57%	-199.69%	-70.33%
EPS Growth	94.31%	15.79%	-51.60%	-22.05%	-34.73%	-32.27%	-51.66%	-48.48%	-42.31%	-203.36%	-69.86%
Operating Cash Flow Growth	241.59%	1,344.47%	552.48%	100.54%	-10.72%	-29.89%	-52.31%	-47.34%	-14.07%	-18.40%	-63.53%
Free Cash Flow Firm Growth	-245.19%	-174.44%	-267.92%	68.74%	60.22%	82.78%	89.34%	123.11%	143.81%	212.49%	406.68%
Invested Capital Growth	43.55%	38.23%	35.89%	13.59%	13.79%	7.96%	4.46%	1.15%	-1.11%	-7.13%	-6.27%
Revenue Q/Q Growth	-4.32%	-7.47%	-9.40%	16.20%	-5.79%	-9.33%	-7.73%	12.45%	-3.96%	-4.34%	-8.13%
EBITDA Q/Q Growth	-13.01%	0.20%	-26.34%	26.10%	-17.81%	-0.60%	-35.51%	23.35%	-10.30%	-168.57%	178.81%
EBIT Q/Q Growth	-15.68%	-0.37%	-30.18%	29.95%	-22.82%	-3.95%	-45.53%	33.87%	-15.39%	-250.78%	121.49%
NOPAT Q/Q Growth	-6.83%	-9.61%	-31.05%	28.40%	-20.82%	-2.66%	-49.02%	35.85%	-11.76%	-235.83%	121.66%
Net Income Q/Q Growth	-7.62%	-9.30%	-31.30%	30.09%	-21.29%	-4.29%	-51.30%	39.13%	-12.98%	-269.07%	114.50%
EPS Q/Q Growth	-5.91%	-7.95%	-31.36%	31.13%	-21.21%	-4.49%	-51.01%	39.73%	-11.76%	-271.11%	114.29%
Operating Cash Flow Q/Q Growth	144.72%	-18.80%	-49.91%	101.45%	8.96%	-36.24%	-65.92%	122.42%	77.80%	-39.45%	-84.77%
Free Cash Flow Firm Q/Q Growth	8.06%	2.21%	-9.24%	68.17%	-16.99%	57.67%	32.38%	169.03%	121.74%	8.68%	84.35%
Invested Capital Q/Q Growth	-0.68%	5.32%	4.82%	3.60%	-0.50%	-0.08%	1.42%	0.32%	-2.72%	-6.16%	2.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.10%	22.80%	19.64%	20.58%	19.24%	19.92%	16.03%	16.38%	16.18%	16.12%	12.51%
EBITDA Margin	16.70%	18.08%	14.70%	15.95%	13.92%	15.26%	10.66%	11.70%	10.93%	-7.83%	6.72%
Operating Margin	14.66%	15.78%	12.16%	13.60%	11.14%	11.80%	6.97%	8.30%	7.31%	-11.52%	2.69%
EBIT Margin	14.66%	15.78%	12.16%	13.60%	11.14%	11.80%	6.97%	8.30%	7.31%	-11.52%	2.69%
Profit (Net Income) Margin	11.99%	11.75%	8.91%	9.98%	8.34%	8.80%	4.64%	5.75%	5.21%	-9.20%	1.45%
Tax Burden Percent	85.24%	77.33%	76.37%	75.46%	77.41%	78.45%	73.42%	74.51%	77.71%	75.97%	70.56%
Interest Burden Percent	95.97%	96.29%	95.95%	97.22%	96.65%	95.03%	90.78%	92.97%	91.68%	105.15%	76.37%
Effective Tax Rate	14.76%	22.67%	23.63%	24.54%	22.59%	21.55%	26.58%	25.49%	22.29%	0.00%	29.44%
Return on Invested Capital (ROIC)	31.90%	29.93%	21.59%	20.86%	17.25%	17.62%	9.26%	10.63%	9.66%	-13.99%	3.20%
ROIC Less NNEP Spread (ROIC-NNEP)	30.17%	28.49%	20.36%	20.07%	16.33%	16.08%	7.90%	9.10%	7.55%	-19.56%	1.56%
Return on Net Nonoperating Assets (RNNOA)	7.57%	6.57%	3.78%	4.72%	3.07%	2.47%	1.27%	1.30%	0.80%	-1.85%	0.18%
Return on Equity (ROE)	39.47%	36.50%	25.37%	25.59%	20.32%	20.09%	10.53%	11.93%	10.47%	-15.85%	3.38%
Cash Return on Invested Capital (CROIC)	0.27%	2.37%	-2.98%	9.89%	7.34%	10.18%	10.96%	11.52%	12.32%	11.13%	8.82%
Operating Return on Assets (OROA)	24.03%	26.29%	18.60%	19.39%	15.23%	15.61%	8.91%	10.21%	8.61%	-13.40%	3.12%
Return on Assets (ROA)	19.66%	19.57%	13.63%	14.22%	11.39%	11.64%	5.94%	7.07%	6.13%	-10.70%	1.68%
Return on Common Equity (ROCE)	39.47%	36.50%	25.37%	25.58%	20.32%	20.09%	10.53%	11.93%	10.47%	-15.85%	3.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	34.77%	27.56%	23.97%	0.00%	18.31%	16.11%	13.28%	0.00%	3.33%	1.82%
Net Operating Profit after Tax (NOPAT)	301	272	187	241	191	185	95	128	113	-154	33
NOPAT Margin	12.49%	12.21%	9.29%	10.26%	8.63%	9.26%	5.12%	6.18%	5.68%	-8.06%	1.90%
Net Nonoperating Expense Percent (NNEP)	1.73%	1.44%	1.23%	0.79%	0.92%	1.54%	1.36%	1.52%	2.11%	5.57%	1.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	3.45%	1.76%	-	-	-2.96%	0.64%
Cost of Revenue to Revenue	78.90%	77.20%	80.36%	79.42%	80.76%	80.08%	83.97%	83.62%	83.82%	83.88%	87.49%
SG&A Expenses to Revenue	6.43%	7.02%	7.47%	6.98%	7.81%	8.11%	9.06%	8.08%	8.37%	9.31%	9.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.44%	7.02%	7.47%	6.98%	8.10%	8.11%	9.06%	8.08%	8.88%	27.64%	9.82%
Earnings before Interest and Taxes (EBIT)	353	352	245	319	246	236	129	172	146	-220	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	402	403	297	374	307	306	197	243	218	-150	118
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.62	1.57	1.22	1.57	1.24	1.47	1.53	1.43	1.75	1.37
Price to Tangible Book Value (P/TBV)	1.71	1.90	1.83	1.44	1.87	1.46	1.73	1.79	1.67	2.06	1.62
Price to Revenue (P/Rev)	0.53	0.63	0.65	0.55	0.74	0.61	0.74	0.80	0.78	0.90	0.71
Price to Earnings (P/E)	3.91	4.65	5.70	5.11	7.54	6.76	9.12	11.48	12.69	52.64	75.28
Dividend Yield	1.42%	1.21%	1.18%	1.47%	1.15%	1.43%	1.20%	1.18%	1.27%	1.13%	1.49%
Earnings Yield	25.61%	21.50%	17.55%	19.58%	13.26%	14.80%	10.97%	8.71%	7.88%	1.90%	1.33%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.51	1.48	1.19	1.50	1.21	1.42	1.47	1.40	1.69	1.34
Enterprise Value to Revenue (EV/Rev)	0.63	0.71	0.73	0.62	0.80	0.66	0.80	0.86	0.82	0.94	0.77
Enterprise Value to EBITDA (EV/EBITDA)	3.21	3.58	4.29	3.80	5.10	4.43	5.68	6.64	6.74	14.46	13.83
Enterprise Value to EBIT (EV/EBIT)	3.57	3.98	4.90	4.42	6.06	5.43	7.23	8.93	9.50	32.40	40.81
Enterprise Value to NOPAT (EV/NOPAT)	4.44	5.09	6.19	5.60	7.91	7.07	9.45	11.68	12.44	43.60	55.16
Enterprise Value to Operating Cash Flow (EV/OCF)	7.97	6.25	5.56	4.03	5.24	4.61	5.93	7.31	7.22	8.64	7.47
Enterprise Value to Free Cash Flow (EV/FCFF)	602.41	73.96	0.00	12.82	21.83	12.38	13.22	12.83	11.32	14.65	14.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.37	0.36	0.29	0.28	0.27	0.28	0.28	0.28	0.30	0.30
Long-Term Debt to Equity	0.34	0.31	0.29	0.27	0.27	0.26	0.27	0.27	0.27	0.29	0.29
Financial Leverage	0.25	0.23	0.19	0.24	0.19	0.15	0.16	0.14	0.11	0.09	0.12
Leverage Ratio	1.95	1.81	1.80	1.76	1.74	1.66	1.64	1.60	1.60	1.63	1.62
Compound Leverage Factor	1.87	1.74	1.73	1.71	1.68	1.58	1.49	1.49	1.47	1.72	1.24
Debt to Total Capital	31.37%	27.10%	26.51%	22.36%	21.89%	21.44%	21.58%	21.99%	21.67%	22.82%	22.95%
Short-Term Debt to Total Capital	8.12%	4.87%	5.14%	1.08%	0.77%	0.63%	0.66%	1.15%	0.71%	0.74%	0.77%
Long-Term Debt to Total Capital	23.25%	22.23%	21.36%	21.28%	21.12%	20.81%	20.92%	20.84%	20.96%	22.08%	22.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.63%	72.89%	73.49%	77.63%	78.11%	78.55%	78.42%	78.01%	78.33%	77.18%	77.05%
Debt to EBITDA	0.86	0.73	0.87	0.79	0.84	0.90	0.98	1.14	1.23	2.33	2.78
Net Debt to EBITDA	0.48	0.41	0.49	0.46	0.41	0.35	0.44	0.48	0.34	0.65	1.02
Long-Term Debt to EBITDA	0.64	0.60	0.70	0.75	0.81	0.87	0.95	1.08	1.19	2.26	2.69
Debt to NOPAT	1.19	1.04	1.26	1.16	1.30	1.44	1.63	2.00	2.28	7.03	11.09
Net Debt to NOPAT	0.66	0.58	0.70	0.68	0.63	0.56	0.74	0.84	0.64	1.96	4.05
Long-Term Debt to NOPAT	0.88	0.85	1.02	1.10	1.25	1.39	1.58	1.90	2.20	6.81	10.72
Altman Z-Score	3.73	4.14	4.07	3.99	4.27	4.00	4.20	4.25	4.06	3.83	3.68
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.54	2.99	3.07	3.68	3.73	4.12	4.19	4.24	3.94	2.76	2.82
Quick Ratio	1.50	1.73	1.75	2.02	2.17	2.44	2.30	2.46	2.42	1.68	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-948	-927	-1,013	-322	-377	-160	-108	75	165	180	331
Operating Cash Flow to CapEx	294.96%	279.87%	119.42%	249.70%	245.28%	389.69%	95.26%	241.21%	431.85%	188.48%	37.65%
Free Cash Flow to Firm to Interest Expense	-66.62	-71.06	-101.83	-36.31	-45.66	-13.58	-9.09	6.15	13.61	15.86	29.64
Operating Cash Flow to Interest Expense	32.23	28.55	18.76	42.33	49.57	22.21	7.49	16.33	28.98	18.82	2.91
Operating Cash Flow Less CapEx to Interest Expense	21.30	18.35	3.05	25.38	29.36	16.51	-0.37	9.56	22.27	8.83	-4.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.64	1.67	1.53	1.43	1.37	1.32	1.28	1.23	1.18	1.16	1.16
Accounts Receivable Turnover	7.23	7.69	7.59	6.99	6.77	6.85	7.06	6.71	6.61	6.74	7.01
Inventory Turnover	6.70	6.61	6.29	5.70	6.34	6.45	5.93	6.01	6.54	6.60	6.15
Fixed Asset Turnover	5.13	5.07	4.81	4.41	4.07	3.85	3.63	3.41	3.18	3.11	3.04
Accounts Payable Turnover	7.45	17.51	17.20	16.23	7.89	11.96	11.83	12.32	8.21	8.58	9.09
Days Sales Outstanding (DSO)	50.46	47.48	48.12	52.23	53.91	53.28	51.72	54.42	55.24	54.11	52.04
Days Inventory Outstanding (DIO)	54.44	55.19	57.99	64.02	57.60	56.60	61.56	60.68	55.78	55.29	59.33
Days Payable Outstanding (DPO)	48.99	20.85	21.22	22.49	46.26	30.53	30.85	29.64	44.44	42.53	40.17
Cash Conversion Cycle (CCC)	55.91	81.82	84.89	93.76	65.24	79.36	82.44	85.46	66.58	66.87	71.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,116	4,335	4,544	4,707	4,684	4,680	4,746	4,761	4,632	4,346	4,449
Invested Capital Turnover	2.55	2.45	2.32	2.03	2.00	1.90	1.81	1.72	1.70	1.74	1.68
Increase / (Decrease) in Invested Capital	1,249	1,199	1,200	563	568	345	203	54	-52	-334	-298
Enterprise Value (EV)	5,583	6,547	6,702	5,608	7,048	5,681	6,726	6,998	6,494	7,358	5,941
Market Capitalization	4,754	5,797	5,941	4,924	6,485	5,231	6,203	6,495	6,162	7,027	5,505
Book Value per Share	$27.27	$30.56	$32.30	$34.35	$35.29	$36.18	$36.28	$36.81	$37.39	$35.25	$35.30
Tangible Book Value per Share	$23.07	$26.05	$27.80	$29.28	$29.76	$30.75	$30.87	$31.42	$32.00	$29.88	$29.99
Total Capital	4,788	4,917	5,148	5,183	5,276	5,384	5,384	5,460	5,490	5,202	5,207
Total Debt	1,502	1,333	1,364	1,159	1,155	1,154	1,162	1,200	1,190	1,187	1,195
Total Long-Term Debt	1,113	1,093	1,100	1,103	1,114	1,120	1,126	1,138	1,151	1,149	1,155
Net Debt	829	750	761	684	562	450	524	502	332	331	436
Capital Expenditures (CapEx)	155	133	156	150	167	67	93	82	81	113	86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,801	1,804	1,873	1,869	1,749	1,786	1,833	1,839	1,639	1,235	1,301
Debt-free Net Working Capital (DFNWC)	2,473	2,386	2,477	2,345	2,341	2,491	2,471	2,538	2,497	2,091	2,059
Net Working Capital (NWC)	2,084	2,147	2,212	2,289	2,300	2,457	2,436	2,475	2,458	2,053	2,019
Net Nonoperating Expense (NNE)	12	10	7.60	6.70	6.39	9.22	8.72	9.03	9.43	22	7.88
Net Nonoperating Obligations (NNO)	829	750	761	684	562	450	524	502	332	331	436
Total Depreciation and Amortization (D&A)	49	51	51	55	61	69	68	71	72	70	71
Debt-free, Cash-free Net Working Capital to Revenue	20.20%	19.70%	20.43%	20.78%	19.87%	20.83%	21.81%	22.60%	20.68%	15.77%	16.81%
Debt-free Net Working Capital to Revenue	27.75%	26.05%	27.02%	26.06%	26.60%	29.05%	29.40%	31.18%	31.50%	26.70%	26.61%
Net Working Capital to Revenue	23.39%	23.44%	24.13%	25.44%	26.14%	28.65%	28.98%	30.40%	31.01%	26.21%	26.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.43	$2.23	$1.53	$2.00	$1.58	$1.51	$0.74	$1.03	$0.91	($1.54)	$0.22
Adjusted Weighted Average Basic Shares Outstanding	120.65M	117.27M	117.22M	117.07M	117.08M	116.77M	116.40M	115.53M	115.84M	114.05M	113.56M
Adjusted Diluted Earnings per Share	$2.39	$2.20	$1.51	$1.98	$1.56	$1.49	$0.73	$1.02	$0.90	($1.54)	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	122.37M	118.93M	118.72M	118.40M	118.61M	118.35M	117.52M	116.66M	117.15M	114.05M	114.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	234.69M	117.12M	117.12M	116.79M	116.91M	116.39M	115.71M	114.99M	113.91M	113.64M	113.00M
Normalized Net Operating Profit after Tax (NOPAT)	301	272	187	241	191	185	95	128	113	91	37
Normalized NOPAT Margin	12.49%	12.21%	9.29%	10.26%	8.63%	9.26%	5.12%	6.18%	5.68%	4.77%	2.09%
Pre Tax Income Margin	14.07%	15.20%	11.67%	13.22%	10.77%	11.22%	6.33%	7.71%	6.70%	-12.11%	2.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.80	26.95	24.68	35.93	29.81	20.11	10.84	14.23	12.02	-19.43	4.23
NOPAT to Interest Expense	21.14	20.84	18.85	27.11	23.07	15.78	7.96	10.60	9.34	-13.60	2.99
EBIT Less CapEx to Interest Expense	13.87	16.75	8.97	18.97	9.59	14.41	2.98	7.46	5.31	-29.41	-3.48
NOPAT Less CapEx to Interest Expense	10.21	10.64	3.14	10.16	2.86	10.08	0.10	3.83	2.63	-23.58	-4.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.57%	5.58%	6.83%	7.57%	8.72%	9.67%	10.99%	13.59%	16.25%	60.43%	112.78%
Augmented Payout Ratio	18.86%	22.09%	27.09%	27.19%	20.51%	20.09%	27.37%	39.52%	53.92%	213.94%	393.15%

Frequently Asked Questions About Commercial Metals' Financials

When does Commercial Metals's financial year end?

According to the most recent income statement we have on file, Commercial Metals' fiscal year ends in August. Their fiscal year 2024 ended on August 31, 2024.

How has Commercial Metals' net income changed over the last 9 years?

Commercial Metals' net income appears to be on an upward trend, with a most recent value of $485.49 million in 2024, rising from $79.44 million in 2015. The previous period was $859.76 million in 2023.

What is Commercial Metals's operating income?

Commercial Metals's total operating income in 2024 was $683.56 million, based on the following breakdown:

Total Gross Profit: $1.36 billion
Total Operating Expenses: $675.12 million

How has Commercial Metals revenue changed over the last 9 years?

Over the last 9 years, Commercial Metals' total revenue changed from $5.42 billion in 2015 to $7.93 billion in 2024, a change of 46.1%.

How much debt does Commercial Metals have?

Commercial Metals' total liabilities were at $2.52 billion at the end of 2024, a 0.0% decrease from 2023, and a 22.3% increase since 2015.

How much cash does Commercial Metals have?

In the past 9 years, Commercial Metals' cash and equivalents has ranged from $192.46 million in 2019 to $857.92 million in 2024, and is currently $857.92 million as of their latest financial filing in 2024.

How has Commercial Metals' book value per share changed over the last 9 years?

Over the last 9 years, Commercial Metals' book value per share changed from 11.95 in 2015 to 37.39 in 2024, a change of 213.0%.

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This page (NYSE:CMC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Commercial Metals (CMC) Financials

Frequently Asked Questions About Commercial Metals' Financials

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Commercial Metals (CMC) Financials

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