COMMERCIAL METALS Co (CMC) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does COMMERCIAL METALS Co Do?
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. 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. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas. COMMERCIAL METALS Co (CMC) is classified as a mid-cap stock in the Materials sector, specifically within the Steel Works industry. The company is led by CEO Barbara R. Smith and employs approximately 12,500 people, headquartered in Wilmington, Texas. With a market capitalization of $7.0B, CMC is one of the notable companies in the Materials sector.
COMMERCIAL METALS Co (CMC) Stock Rating — Reduce (April 2026)
As of April 2026, COMMERCIAL METALS Co receives a Reduce rating with a composite score of 45.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.CMC ranks #2,439 out of 4,446 stocks in our coverage universe. Within the Materials sector, COMMERCIAL METALS Co ranks #169 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CMC Stock Price and 52-Week Range
COMMERCIAL METALS Co (CMC) currently trades at $65.79. The stock gained $0.22 (0.3%) in the most recent trading session. The 52-week high for CMC is $84.87, which means the stock is currently trading -22.5% from its annual peak. The 52-week low is $37.92, putting the stock 73.5% above its annual trough. Recent trading volume was 988K shares, suggesting relatively thin trading activity.
Is CMC Overvalued or Undervalued? — Valuation Analysis
COMMERCIAL METALS Co (CMC) carries a value factor score of 43/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 16.90x, compared to the Materials sector average of 26.50x — a discount of 36%. The price-to-book ratio stands at 1.54x, versus the sector average of 2.83x. The price-to-sales ratio is 0.85x, compared to 0.74x for the average Materials stock. On an enterprise value basis, CMC trades at 22.78x EV/EBITDA, versus 6.01x for the sector.
Overall, CMC's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
COMMERCIAL METALS Co Profitability — ROE, Margins, and Quality Score
COMMERCIAL METALS Co (CMC) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 9.1%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 4.2% versus the sector average of 0.6%.
On a margin basis, COMMERCIAL METALS Co reports gross margins of 16.2%, compared to 29.8% for the sector. The operating margin is 5.3% (sector: 6.0%). Net profit margin stands at 4.8%, versus 3.0% for the average Materials stock. Revenue growth is running at 11.7% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
CMC Debt, Balance Sheet, and Financial Health
COMMERCIAL METALS Co has a debt-to-equity ratio of 73.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.38x, indicating strong short-term liquidity. Total debt on the balance sheet is $3.20B.
CMC has a beta of 1.22, meaning it is more volatile than the broader market — a $10,000 investment in CMC would be expected to move 21.5% more than the S&P 500 on any given day. The stability factor score for COMMERCIAL METALS Co is 57/100, reflecting average volatility within the normal range for its sector.
COMMERCIAL METALS Co Revenue and Earnings History — Quarterly Trend
In TTM 2026, COMMERCIAL METALS Co reported revenue of $8.03B and earnings per share (EPS) of $0.84. Net income for the quarter was $401M. Gross margin was 16.2%. Operating income came in at $438M.
In Q2 2026, COMMERCIAL METALS Co reported revenue of $2.13B and earnings per share (EPS) of $0.84. Net income for the quarter was $110M. Gross margin was 18.2%. Revenue grew 21.5% year-over-year compared to Q2 2025. Operating income came in at $110M.
In Q1 2026, COMMERCIAL METALS Co reported revenue of $2.12B and earnings per share (EPS) of $1.60. Net income for the quarter was $183M. Gross margin was 19.2%. Revenue grew 11.0% year-over-year compared to Q1 2025. Operating income came in at $183M.
In FY 2025, COMMERCIAL METALS Co reported revenue of $7.80B and earnings per share (EPS) of $0.75. Net income for the quarter was $108M. Gross margin was 15.7%. Revenue grew -1.6% year-over-year compared to FY 2024. Operating income came in at $108M.
Over the past 8 quarters, COMMERCIAL METALS Co has demonstrated a growth trajectory, with revenue expanding from $7.93B to $8.03B. Investors analyzing CMC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CMC Dividend Yield and Income Analysis
COMMERCIAL METALS Co (CMC) does not currently pay a dividend. This is common among smaller companies in the Steel Works industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.
CMC Momentum and Technical Analysis Profile
COMMERCIAL METALS Co (CMC) has a momentum factor score of 55/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CMC vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, COMMERCIAL METALS Co (CMC) ranks #169 out of 284 stocks based on the Blank Capital composite score. This places CMC in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing CMC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CMC vs S&P 500 (SPY) comparison to assess how COMMERCIAL METALS Co stacks up against the broader market across all factor dimensions.
CMC Next Earnings Date
No upcoming earnings date has been announced for COMMERCIAL METALS Co (CMC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CMC? — Investment Thesis Summary
The quantitative profile for COMMERCIAL METALS Co suggests caution.
In summary, COMMERCIAL METALS Co (CMC) earns a Reduce rating with a composite score of 45.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CMC stock.
Related Resources for CMC Investors
Explore more research and tools: CMC vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CMC head-to-head with peers: CMC vs CF, CMC vs NTR, CMC vs UAN.