Commercial Metals stock analysis 2026 | Price, valuation & outlook

Commercial Metals

NYSE:CMC

$ 71,27

+ $0,71 (1,01%)

71,27 $

+$0,71 (1,01%)

End-of-day quote: 12/15/2025

Commercial Metals Stock Value

Analysts currently rate NYSE:CMC as Outperform.

Outperform

Commercial Metals Company Info

EPS Growth 5Y

9,42%

Market Cap

$7,91 B

Long-Term Debt

$1,05 B

Short Interest

3,00%

Quarterly earnings

01/07/2026

Dividend

$0,73

Dividend Yield

1,02%

Founded

1915

Industry

Materials

Country

United States

ISIN Number

US2017231034

Website

https://www.cmc.com

Analyst Price Target

$74,50

4.53%

Last Update: 12/16/2025

Analysts: 10

Highest Price Target $80,00

Average Price Target $74,50

Lowest Price Target $59,50

In the last five quarters, Commercial Metals’s Price Target has risen from $50,87 to $57,00 - a 12,05% increase. Eight analysts predict that Commercial Metals’s share price will increase in the coming year, reaching $74,50. This would represent an increase of 4,53%.

Top growth stocks in the materials sector (5Y.)

What does Commercial Metals do?

Commercial Metals Company (CMC) is a solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States (‘U.S.’) and Central Europe, the company offers products and technologies to meet the critical reinforcement needs of the global construction sector. CMC’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial and en...

Commercial Metals Company (CMC) is a solutions provider helping build a stronger, safer and more sustainable world.

Through an extensive manufacturing network principally located in the United States (‘U.S.’) and Central Europe, the company offers products and technologies to meet the critical reinforcement needs of the global construction sector. CMC’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial and energy generation and transmission.

Segments

The company’s operations are conducted through three operating and reportable segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group.

North America Steel Group Segment

The company’s North America Steel Group segment provides a diverse offering of products and solutions to support the construction sector. Composed of a vertically integrated network of recycling facilities, steel mills and fabrication operations, the company’s strategy in North America is to optimize the company’s vertically integrated value chain to maximize profitability while providing industry-leading customer service. To execute the company’s strategy, the company seeks to (i) obtain inputs at the lowest possible cost, including materials procured from the company’s recycling facilities, which are operated to provide scrap to the company’s steel mills; (ii) operate modern, efficient electric arc furnace (‘EAF’) steel mills; and (iii) enhance operational efficiency by utilizing the company’s fabrication operations to optimize the company’s steel mill volumes and obtain the highest possible selling prices to maximize metal margin. For logistics, the company utilizes a fleet of trucks the company owns or leases, as well as private haulers, railcars, export containers and barges.

The company’s 43 scrap metal recycling facilities, primarily located in the southeast and central U.S., process ferrous and nonferrous scrap metals. These facilities purchase processed and unprocessed ferrous and nonferrous scrap metals from a variety of sources, including manufacturing and industrial plants, metal fabrication plants, electric utilities, machine shops, factories, refineries, shipyards, demolition businesses, automobile salvage firms, wrecking companies and retail individuals. The company’s recycling facilities utilize specialized equipment to efficiently process large volumes of ferrous material, including seven large machines capable of shredding obsolete automobiles or other sources of scrap metal. Certain facilities also have nonferrous downstream separation equipment, including equipment at three of the company’s facilities that reclaim metal from insulated copper wire, to allow the company to capture more metal content. With the exception of precious metals, the company’s scrap metal processing facilities recycle and process almost all types of metal. The company sells ferrous and nonferrous scrap metals (collectively referred to as ‘raw materials’) 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.

The company’s steel mill operations consist of six EAF mini mills, three EAF micro mills and one rerolling mill. The company’s steel mills manufacture finished long steel products including rebar, merchant bar, light structural and other special sections and wire rod, as well as semi-finished billets for rerolling and forging applications (collectively referred to as ‘steel products’ in the context of the North America Steel Group segment). Each EAF mini mill consists of a melt shop with an EAF; continuous casting equipment that shapes molten metal into billets; a reheating furnace that prepares billets for rolling; a rolling line that forms products from heated billets; a mechanical cooling bed that receives hot products from the rolling line; finishing facilities that shear, straighten, bundle and prepare products for shipping; and supporting facilities such as maintenance, warehouse and office areas.

The company’s EAF micro mills utilize similar equipment and processes as described above; however, these facilities utilize unique continuous process technology where metal flows uninterrupted from melting to casting to rolling into finished steel products. The company’s rerolling mill does not utilize a melt shop; the rerolling process begins by reheating billets to roll into finished steel products. CMC has three facilities capable of producing spooled rebar.

Ferrous scrap is the primary raw material used by the company’s steel mills. The company’s mills ship to a broad range of customers and end markets across the U.S. The primary end markets are construction and fabricating industries, metals service centers, original equipment manufacturers and agricultural, energy and petrochemical industries. The company generally fills orders for steel products from inventory or with products near completion.

The company’s fabrication operations include 54 facilities engaged in various aspects of steel fabrication; 50 of these facilities engage in general fabrication of reinforcing steel, including shearing, bending and welding, and four of these facilities fabricate steel fence posts. Fabricated rebar is 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, and is generally sold in response to a competitive bid solicitation. The company also provides installation services of fabricated rebar in certain markets. The company obtains steel for its fabrication operations primarily from the company’s own steel mills, and the demand created by the company’s fabrication operations optimizes the production from the company’s steel mills. The company’s steel fence posts have many applications, including residential and commercial landscaping and agricultural and livestock containment. Additionally, the company has three facilities that supply post-tension cable for use in a variety of projects, such as slab-on-grade foundations, bridges, buildings, parking structures and rock-and-soil anchors. The fabrication and post-tension cable offerings are collectively referred to as ‘downstream products’ in the context of the North America Steel Group segment.

Europe Steel Group Segment

The company’s Europe Steel Group segment is composed of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The company’s strategy in Europe is to optimize profitability of the products manufactured by the company’s mini mill, and the company executes this strategy in the same way in the company’s Europe Steel Group segment as the company does in its North America Steel Group segment.

The company’s 12 scrap metal recycling facilities, located throughout Poland, process ferrous scrap metals for use as a raw material for the company’s mini mill. These facilities provide material almost exclusively to the company’s mini mill and operate in order to lower the cost of scrap used by the company’s mini mill. The equipment utilized at these facilities is similar to the company’s North America Steel Group recycling operations and includes one large capacity scrap metal shredder similar to the largest shredder the company operates in North America. Nonferrous scrap metal is not material to this segment’s operations.

The company’s mini mill is a significant manufacturer of rebar, merchant bar, wire rod and semi-finished billets in Central Europe and includes three rolling lines. The first rolling line is designed to allow efficient and flexible production of a range of medium section merchant bar products. The second rolling line is dedicated primarily to rebar production. The third rolling line is designed to produce high grade wire rod. The products produced by the mini mill are collectively referred to as ‘steel products’ in the context of the company’s Europe Steel Group segment. The company’s mini mill sells steel products primarily to fabricators, manufacturers, distributors and construction companies, mostly to customers located within Poland. However, the mini mill also exports steel products to the Czech Republic, France, Germany, Italy and Slovakia, among other countries. Ferrous scrap metal, the principal raw material used by the company’s mini mill, electricity, natural gas and other necessary raw materials for the steel manufacturing process are generally readily available. The company’s mini mill generally fills orders for steel products from inventory or with products near completion.

The company’s fabrication operations consist of five steel fabrication facilities located in Poland which produce downstream products including fabricated rebar, wire mesh, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, assembled rebar cages and other fabricated rebar by-products (collectively referred to as ‘downstream products’ in the context of the company’s Europe Steel Group segment). These facilities obtain rebar and wire rod primarily from the mini mill. Three of the facilities are similar to the facilities operated by the company’s North America Steel Group segment and sell fabricated rebar primarily to contractors for incorporation into construction projects. The other two fabrication facilities in Poland produce welded steel mesh, cold rolled wire rod and cold rolled rebar. The company is among the largest manufacturers of wire mesh in Poland, and the company’s wire mesh customers include metals service centers and construction contractors. In addition to sales of downstream products in the Polish market, the company also exports its downstream products to neighboring countries such as the Czech Republic and Germany.

Emerging Businesses Group Segment

The company’s Emerging Businesses Group segment provides construction-related solutions and value-added products with strong underlying growth fundamentals to serve domestic and international markets that are adjacent to those served by the company’s vertically integrated operations in the North America Steel Group segment and the Europe Steel Group segment. The Emerging Businesses Group segment's portfolio consists of the following:

CMC Construction Services operations sell and rent construction-related products and equipment to concrete installers and other businesses in the construction industry (collectively referred to as ‘construction products’).

Tensar operations sell geogrids and Geopier foundation systems (collectively referred to as ‘ground stabilization solutions’). Geogrids are polymer-based products used for ground stabilization, soil reinforcement and asphalt optimization in construction applications, including roadways, public infrastructure and industrial facilities. Geopier foundation systems are rammed aggregate pier and other foundation solutions that increase the load-bearing characteristics of ground structures and working surfaces and can be applied in soil types and construction situations in which traditional support methods are impractical or would make a project infeasible.

CMC Impact Metals operations manufacture heat-treated, high-strength steel products, such as high-strength bar for the truck trailer industry, special bar quality steel for the energy market and armor plate for military vehicles.

The company’s group of performance reinforcing steel offerings include innovative products such as Galvabar (galvanized rebar with a zinc alloy coating that provides corrosion protection and post-fabrication formability), ChromX (designed for high-strength capabilities, corrosion resistance and a service life of more than 100 years), and CryoSteel (a cryogenic reinforcing steel that exceeds minimum performance requirements for strength and ductility at extremely low temperatures). Additionally, CMC Anchoring Systems' operations supply custom engineered anchor cages, bolts and fasteners that are fabricated principally from rebar and are used primarily to secure high voltage electrical transmission poles to concrete foundations.

Through the company’s licensing agreement with InQuik Inc., CMC Bridge Systems is the authorized provider of InQuik Bridges in the U.S. CMC Bridge Systems offers a prefabricated and modular method used to build reinforced concrete bridge components off-site, which are then installed on-site with poured concrete for a cast-in-place structure.

Seasonality

The company’s facilities primarily serve customers in the construction industry. Due to the increase in construction activities during the spring and summer months, the company’s net sales are generally higher in its third and fourth quarters (year ended August 2024) than in the company’s first and second quarters.

Environmental Matters

The U.S. Environmental Protection Agency (‘EPA’), or equivalent state agency, has named the company as a PRP at several federal Superfund sites or similar state sites. In some cases, these agencies allege that the company is a PRP because the company sold scrap metals to, or otherwise disposed of materials at, the site.

History

Commercial Metals Company was founded in 1915. The company was incorporated in 1946 in the state of Delaware.

Commercial Metals Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Construction: approx. 60% Infrastructure: approx. 25% Industry: approx. 15% TOP 3 Markets: USA: approx. 70% Europe: approx. 20% Asia: approx. 10% Commercial Metals Company generates the majority of its revenues from the construction sector, which is due to the strong demand fo...

At which locations are the company’s products manufactured?

Production Sites: USA: Several plants, including in Texas, Alabama, South Carolina, and Arizona. Poland: Production facilities for the European market. Commercial Metals Company (CMC) operates a variety of production sites, primarily in the United States, to serve the North American market. In Eur...

What strategy does Commercial Metals pursue for future growth?

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Commercial Metals Company (CMC) pursues a growth strategy that focuses on several core areas. Firstly, the company is aiming for geographical expansion, especially in fast-growing regions, to broaden its market presence. This includes both orga...

Which raw materials are imported and from which countries?

Main raw materials: Scrap metal, iron ore Countries of origin: USA, Canada, Mexico, Brazil Commercial Metals Company (CMC) mainly imports scrap metal and iron ore, which are essential for steel production. The majority of the scrap metal is sourced locally in the USA, as this is cost-effective and r...

How strong is the company’s competitive advantage?

Market share: 10% (estimated, 2025) EBITDA margin: 13.5% (2024) ROE (Return on Equity): 18% (2024) Commercial Metals Company (CMC) has a solid competitive advantage that consists of several factors. The market share of approximately 10% in the steel and metal processing industry indicates that CMC...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: 85% (estimated, 2025) Insider Buys/Sells: No significant transactions in the last quarter (2025) The institutional investor share in Commercial Metals Company is estimated to be around 85%. This demonstrates a high level of confidence from institutional investors in the...

What percentage market share does Commercial Metals have?

Market share of Commercial Metals Company (CMC): Estimate 12% (2025) Top competitors and their market shares: Nucor Corporation: 18% Steel Dynamics, Inc.: 15% Commercial Metals Company (CMC): 12% ArcelorMittal: 10% Gerdau S.A.: 8% United States Steel Corporation: 7% Tata Steel: 6% POSCO: 5% JSW Ste...

Is Commercial Metals stock currently a good investment?

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) Market Share: 12% in the US steel market (2024) Commercial Metals Company (CMC) recorded a revenue growth of 8% in 2024, driven by strong demand in the construction and infrastructure sectors. The company also achieved a profit growth of 10%, attri...

Does Commercial Metals pay a dividend – and how reliable is the payout?

Dividend Yield: 1.5% (2025, estimated) Dividend History: Regular payouts for several years Commercial Metals Company (CMC) regularly pays dividends to its shareholders. The dividend yield is currently around 1.5%, indicating a stable payout policy. The company has demonstrated a reliable dividen...

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Commercial Metals Stock Value

Commercial Metals Company Info

Analyst Price Target

Top growth stocks in the materials sector (5Y.)

What does Commercial Metals do?

Commercial Metals Questions and Answers

Offer & Services

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