CMCCOMMERCIAL METALS Co
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
- Revenue
- $9.4B
- 20% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $7.1B
- Employees
- 13
- $723M revenue each
- Net debt / EBITDA
- —
- $2.5B net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo161% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo18% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo21% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$723M · 100th pctBottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 10th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$7.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$1M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.9B | $8.8B | $7.9B | $7.8B | $9.4B | 20% |
| Net income | $1.2B | $860M | $485M | $85M | $656M | 675% |
| Operating cash flow | $700M | $1.3B | $900M | $715M | $1.1B | 48% |
| Capex | $450M | $607M | $324M | $403M | $580M | 44% |
| Stock-based comp | $47M | $61M | $45M | $37M | $44M | 19% |
| Buybacks | $162M | $101M | $183M | $199M | $103M | 48% |
| Dividends | $68M | $75M | $79M | $81M | $84M | 3.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $754K · 3
- Open-market sells, 12 mo
- $2M · 1
- Net
- −$1M
Pay vs performance
No pay-versus-performance disclosure yet.