Commercial Metals
Turns recycled scrap into construction steel while supplying precast and ground-stabilization systems.
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Profile
Supplies rebar, fabricated steel, concrete pipe, precast components and ground-stabilization systems to infrastructure and building projects. A vertically integrated U.S. chain converts recycled scrap through electric-arc mills and fabrication, complemented by construction solutions and a smaller Polish steel network.
Turns ferrous and nonferrous scrap into rebar, merchant bar, wire rod and other long-steel products through the North America Steel Group, then fabricates reinforcing steel and related products for construction projects. Electric-arc mini mills and micro mills anchor this vertically integrated chain.
Construction Solutions Group adds concrete pipe and precast components, Tensar geogrids, Geopier foundation systems, construction equipment, specialty reinforcing steel and anchoring systems. Europe Steel Group operates recycling, electric-arc steelmaking and fabrication in Poland, serving mostly Polish and neighboring European markets.
Linking scrap collection, steelmaking and fabrication helps align feedstock procurement, mill utilization and downstream orders. Demand is concentrated in infrastructure and building construction, while steel economics remain exposed to scrap and energy costs, import competition, trade measures and environmental requirements.
Company facts
Categories
Key statistics
Year to date −5.8% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Barclays | Reiterate | Equal Weight | $75 | $80 | |
| Aug 6, 2026 | Goldman Sachs | Reiterate | Buy | $84 | $85 | |
| Jul 8, 2026 | Exane BNP Paribas | Upgrade | Neutral | Outperform | ||
| Jul 8, 2026 | BNP Paribas | Target | $75 | |||
| Jun 29, 2026 | BMO Capital | Reiterate | Market Perform | $55 | $77 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 25, 2026Q3 FY26 | $1.70 | $1.73 | +1.8% | $2.40B | $2.48B | +3.4% | −6.60% |
| Mar 26, 2026Q2 FY26 | $1.28 | $1.16 | −9.4% | $2.09B | $2.13B | +2.1% | −2.02% |
| Jan 8, 2026Q1 FY26 | $1.55 | $1.84 | +18.7% | $2.05B | $2.12B | +3.3% | +2.62% |
| Oct 16, 2025Q4 FY25 | $1.35 | $1.37 | +1.5% | $2.08B | $2.11B | +1.6% | +3.67% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $2.02B | $2.11B | $2.12B | $2.13B | $2.48B | |
| Gross profit | $219.5M | $299.9M | $392.8M | $407.1M | $387.9M | $455.1M | |
| Operating income | $52.0M | $124.2M | $213.8M | $211.5M | $154.7M | $232.8M | |
| Net income | $25.5M | $83.1M | $151.8M | $177.3M | $93.0M | $173.0M | |
| Diluted EPS | $0.22 | $0.73 | $1.35 | $1.58 | $0.83 | $1.55 | |
| Gross margin | 12.5% | 14.8% | 18.6% | 19.2% | 18.2% | 18.3% | |
| Operating margin | 3.0% | 6.1% | 10.1% | 10.0% | 7.3% | 9.4% |
Fiscal years (4-quarter sums)FY21 $6.73B · FY22 $8.91B · FY23 $8.80B · FY24 $7.93B · FY25 $7.80B
Revenue by product · Q3 FY26
Revenue by geography · FY25
Balance sheet, May 31, 2026Cash & short-term investments $559.8M · Total debt $3.40B · Total assets $9.80B · Shareholders' equity $4.53B
Dividends
Raised for 38 straight years — most recently to $0.20 from $0.18 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 15 | $0.20 | |
| Apr 6, 2026 | Apr 6 | Apr 15 | $0.20 | raised from $0.18 |
| Jan 16, 2026 | Jan 19 | Feb 2 | $0.18 | |
| Oct 30, 2025 | Oct 30 | Nov 13 | $0.18 | |
| Jun 30, 2025 | Jun 30 | Jul 9 | $0.18 | |
| Mar 31, 2025 | Mar 31 | Apr 9 | $0.18 | |
| Jan 16, 2025 | Jan 16 | Jan 30 | $0.18 | |
| Oct 31, 2024 | Oct 31 | Nov 14 | $0.18 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 110.62M · Float 109.53M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.22M | 13.76% | 13F | Aug 7, 2026 |
| State Street Corp | 6.92M | 6.25% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 6.73M | 6.09% | 13F | Aug 11, 2026 |
| FMR LLC | 6.06M | 5.48% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 5.85M | 5.28% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | John R. McPherson | director | +1,390 | $71.92 |
| Jul 10, 2026 | Peter R. Matt | director, officer: President and CEO | +8,230 | $61.30 |
| Feb 3, 2026 | Jennifer J. Durbin | officer: Fmr. Chief HR & Comm. Officer | −25,050 | $79.97 |
| Jan 20, 2026 | Dennis V. Arriola | director | +2,000 | $74.69 |
| Oct 31, 2025 | Brian N. Halloran | officer: SVP, N. America Steel Group | −6,232 | $59.87 |
Peers
- Nucor
Largest US EAF steelmaker; dominant in rebar, bar mills, and fabrication.
- Steel Dynamics
EAF peer with long-products group, merchant bar, rebar, and fabrication.
- Gerdau (ADR)
Americas' largest long-steel maker; US rebar mills active after 2018 CMC sale.
- Insteel Industries
Largest US wire reinforcing maker; shares concrete-construction end market.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Commercial Metals | $67.63 | −0.03% | $7.48B | 12.7 | 9.4 | 0.8 | +22.9% |
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Steel Dynamics | $234.67 | +0.04% | $33.63B | 21.3 | 11.6 | 1.6 | +33.4% |
| Gerdau (ADR) | $4.64 | +0.87% | $9.07B | 21.3 | 9.5 | — | +8.2% |
| Insteel Industries | $30.49 | +0.07% | $590.2M | 16.4 | 14.6 | 0.8 | +9.9% |
| Median | 20.6 | 11.9 | 1.6 | +16.4% |