Commercial Metals
CMC · Steel
$62.77
1.6%Metallus
MTUS · Steel
$20.41
1.5%The short version
- Commercial Metals is the larger business, with $9.4B of revenue in fiscal 2026 against $1.2B for Metallus, about 8.1 times as much.
- Commercial Metals grew revenue faster (20.5%, against 6.9%).
- Commercial Metals turned more of its sales into free cash flow (5.1% FCF margin, against −8.0% FCF margin).
- Commercial Metals earned a higher return on the capital invested in it (12.9%, against 0.3%).
| Latest fiscal year | CMC · FY26 | MTUS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.0B | $880M |
| Revenue | $9.4B | $1.2B |
| Free cash flow | $479M | −$93.0M |
| Net income | $656M | −$1.2M |
| Growth | ||
| Revenue growth | 20.5% | 6.9% |
| 5-year growth | 6.9% | 6.9% |
| Share count change | −2.0% | −5.4% |
| Profitability | ||
| Gross margin | 18.7% | 8.2% |
| Operating margin | — | — |
| Net margin | 7.0% | −0.1% |
| FCF margin | 5.1% | −8.0% |
| Return on capital | 12.9% | 0.3% |
| Return on equity | 14.8% | −0.2% |
| Balance sheet | ||
| Net debt | $2.6B | −$153M |
| Net debt / EBITDA | 2.2x | −2.6x |
| Dividends and buybacks | $187M | $13.1M |
| Valuation & quality | ||
| P/E | — | 102.1x |
| Piotroski F-score | 7 | 5 |
FY17
CMC $3.8B
MTUS $1.3B
FY18
CMC $4.6B
MTUS $1.6B
FY19
CMC $5.8B
MTUS $1.2B
FY20
CMC $5.5B
MTUS $831M
FY21
CMC $6.7B
MTUS $1.3B
FY22
CMC $8.9B
MTUS $1.3B
FY23
CMC $8.8B
MTUS $1.4B
FY24
CMC $7.9B
MTUS $1.1B
FY25
CMC $7.8B
MTUS $1.2B
FY26
CMC $9.4B
MTUS —
CMC
MTUS
FY17
CMC —
MTUS −1.8%
FY18
CMC —
MTUS 0.4%
FY19
CMC —
MTUS —
FY20
CMC —
MTUS —
FY21
CMC —
MTUS —
FY22
CMC —
MTUS —
FY23
CMC —
MTUS —
FY24
CMC —
MTUS —
FY25
CMC —
MTUS —
FY26
CMC —
MTUS —
CMC
MTUS
FY17
CMC −$736M
MTUS −$24.9M
FY18
CMC −$609M
MTUS −$21.5M
FY19
CMC −$102M
MTUS $32.3M
FY20
CMC $604M
MTUS $157M
FY21
CMC $44.3M
MTUS $185M
FY22
CMC $250M
MTUS $107M
FY23
CMC $737M
MTUS $73.7M
FY24
CMC $575M
MTUS −$24.0M
FY25
CMC $312M
MTUS −$93.0M
FY26
CMC $479M
MTUS —
CMC
MTUS
FY17
CMC 4.3%
MTUS −2.8%
FY18
CMC 8.4%
MTUS 0.7%
FY19
CMC 10.7%
MTUS −12.7%
FY20
CMC 12.7%
MTUS −6.4%
FY21
CMC 17.1%
MTUS 38.0%
FY22
CMC 35.9%
MTUS 15.1%
FY23
CMC 20.2%
MTUS 15.6%
FY24
CMC 11.2%
MTUS 0.7%
FY25
CMC 2.7%
MTUS 0.3%
FY26
CMC 12.9%
MTUS —
CMC
MTUS
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.