The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

CMC

Concerning the House

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group; Europe Steel Group; and Emerging Businesses Group. 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 reinforcing bar, merchant bar, light structural, wire rod, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar 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 sells wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, 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.

United States · www.cmc.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$994.09M-26.5%
Gross profit$150.29M-3.5%
Net income$859.76M+25.4%
Cash from ops$1.34B+27.5%
Quotation

$72.13

-0.21 (-0.3%)

52w hi$82.67
52w lo$54.70
Vol465.07K
As ofAug 13
The Verdict

Hold

Our score +0.07

Short-0.14
Medium+0.08
Long+0.47

computed 2026-08-13

By the Numbers

Commercial Metals Company

Industrials · Metal Fabrication

Market cap$7.98B
Enterprise value$11.07B
Trailing P/E13.64x
Forward P/E9.77x
EV / EBITDA9.19x
P / S (ttm)
Profit margin6.7%
Return on equity13.8%
Revenue growth+22.9%
Earnings growth+112.3%
Debt / equity79.98
Risk Metrics
Beta vs SPX1.36
Corr SPX0.59
Annual vol37.7%
Annual ret+22.3%
Sharpe0.59
Max DD-38.1%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.41
Sector+0.07
Technical-0.02
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$72.97$73.55$71.83$72.13465.07K
Aug 12$72.83$72.93$71.37$72.34945.50K
Aug 11$73.50$74.17$71.95$72.04955.20K
Aug 10$74.63$75.09$72.94$73.211.67M
Aug 7$73.78$75.52$73.29$75.13897.10K