| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 86 | 12.7x | 17.8x | Top tier | |
Growth | 65 | 15.2% | 7.1% | Around median | |
Quality | 49 | 10.8% | 4.5% | Around median | |
Safety | 62 | 2.5x | 2.6x | Around median | |
Capital Return | 33 | 1.10% | 2.12% | Bottom tier | |
Momentum | 55 | 22.4% | 2.9% | Around median | |
Sentiment | 89 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Commercial Metals Company operates through three interconnected pillars: the North America Steel Group, the Europe Steel Group, and the Construction Solutions Group. The company generates revenue from the sale of rebar, merchant bar, and other steel products, alongside Precast, TENSAR, INTERAX, GeoGrid, and GalvaBar solutions aimed at infrastructure, data center, energy, and soil stabilization projects. Combining steel mills with the construction solutions network enables the company to share project opportunities and serve customers with products that go beyond supplying rebar alone.
In Q3 fiscal 2026, core earnings before interest, taxes, depreciation, and amortization reached $354 million at a margin of 14.2%, mathematically indicating consolidated revenue of approximately $2.49 billion. The company recorded net income of $173 million and diluted earnings per share of $1.55, while adjusted earnings rose 142.4% year over year to $193 million, or $1.73 per share. Core earnings before interest, taxes, depreciation, and amortization increased 78.6% year over year, and the margin expanded by 440 basis points.
Adjusted earnings before interest, taxes, depreciation, and amortization for the North America Steel Group reached $254 million, up 41% year over year, and equaled $134 per ton shipped. Construction Solutions Group sales nearly doubled to $395 million, including $176 million from the acquired Precast operations, while the group’s adjusted earnings increased 138% to $97.4 million at a margin of 24.7%. The Europe Steel Group generated $34.7 million, but this figure included a $20.4 million carbon dioxide emissions credit.
The analyst consensus on CMC is “Neutral,” with an average price target of $82 and a target range between $75 and $89, representing a $14 spread between the endpoints. The average target is approximately 3.4% below the 52-week range high of $84.87, while the highest target exceeds that high by approximately 4.9%; therefore, the targets reflect relatively limited room above the highest recorded annual level, alongside risks from new capacity, acquisition-related burdens, and capital expenditures.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Core earnings before interest, taxes, depreciation, and amortization increased 78.6% year over year to $354 million, and the margin expanded by 440 basis points to 14.2%. The North America Steel Group benefited from a $111 per ton expansion in metal margin compared with Q3 fiscal 2025 and from TAG program benefits. The Precast operations also added $52.9 million to the Construction Solutions Group’s adjusted earnings, while Europe’s results included a $20.4 million carbon dioxide emissions credit.
Management expects a sequential increase of $40 to $50 million in core earnings before interest, taxes, depreciation, and amortization. The North America Steel Group is expected to benefit by approximately $20 million from the non-recurrence of maintenance outages, with a roughly similar benefit from higher volumes and improved margins. The company also expects sequential growth in the mid-teens for Construction Solutions Group earnings, offset by a decline in total Europe earnings due to the non-recurrence of the carbon dioxide credit.
The acquired Precast operations contributed sales of $176 million and adjusted earnings before interest, taxes, depreciation, and amortization of $52.9 million in Q3 fiscal 2026. The company is targeting earnings of between $165 and $175 million for the Precast operations in fiscal 2026, with a record backlog according to management. CMC expects synergies of between $35 and $40 million from the two acquisitions over three years, beginning to materialize in the second year and reaching full realization in the third year.
Automated analysis for informational purposes only — not investment advice.
Capacity utilization at Arizona 2 reached 75% during Q3 fiscal 2026, and the mill is now producing the vast majority of the targeted merchant bar sizes alongside rebar. CMC plans to begin hot commissioning of the West Virginia mill in the latter part of summer 2026 following approximately 100 days of weather-related delays. The company expects production of approximately 250 thousand to 300 thousand tons from West Virginia during fiscal 2027, with a ramp-up period estimated at approximately 12 months.
Acquisition-adjusted net leverage reached 2.1 times in Q3 fiscal 2026, and management is targeting a level below two times by mid-2027 or earlier. The company has approximately $1.8 billion in liquidity and faces no near-term refinancing needs, but it expects capital expenditures of $550 million in fiscal 2026. On August 5, 2026, the remaining share repurchase capacity increased to approximately $717 million after the authorization was raised by $600 million.
