Commercial Metals
CMC · Steel
$62.77
1.6%Worthington Steel
WS · Steel
$40.85
0.9%The short version
- Commercial Metals is the larger business, with $9.4B of revenue in fiscal 2026 against $3.4B for Worthington Steel, about 2.7 times as much.
- Commercial Metals grew revenue faster (20.5%, against 11.3%).
- Commercial Metals turned more of its sales into free cash flow (5.1% FCF margin, against 2.3% FCF margin).
- Commercial Metals earned a higher return on the capital invested in it (12.9%, against −0.1%).
| Latest fiscal year | CMC · FY26 | WS · FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.0B | $2.0B |
| Revenue | $9.4B | $3.4B |
| Free cash flow | $479M | $80.0M |
| Net income | $656M | $8.5M |
| Growth | ||
| Revenue growth | 20.5% | 11.3% |
| 5-year growth | 6.9% | — |
| Share count change | −2.0% | 0.6% |
| Profitability | ||
| Gross margin | 18.7% | 11.7% |
| Operating margin | — | −0.0% |
| Net margin | 7.0% | 0.3% |
| FCF margin | 5.1% | 2.3% |
| Return on capital | 12.9% | −0.1% |
| Return on equity | 14.8% | 0.8% |
| Balance sheet | ||
| Net debt | $2.6B | $181M |
| Net debt / EBITDA | 2.2x | 2.2x |
| Dividends and buybacks | $187M | $32.6M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 7 | 5 |
FY17
CMC $3.8B
WS —
FY18
CMC $4.6B
WS —
FY19
CMC $5.8B
WS —
FY20
CMC $5.5B
WS —
FY21
CMC $6.7B
WS —
FY22
CMC $8.9B
WS $4.1B
FY23
CMC $8.8B
WS $3.6B
FY24
CMC $7.9B
WS $3.4B
FY25
CMC $7.8B
WS $3.1B
FY26
CMC $9.4B
WS $3.4B
CMC
WS
FY17
CMC —
WS —
FY18
CMC —
WS —
FY19
CMC —
WS —
FY20
CMC —
WS —
FY21
CMC —
WS —
FY22
CMC —
WS 5.6%
FY23
CMC —
WS 3.3%
FY24
CMC —
WS 5.7%
FY25
CMC —
WS 4.8%
FY26
CMC —
WS −0.0%
CMC
WS
FY17
CMC −$736M
WS —
FY18
CMC −$609M
WS —
FY19
CMC −$102M
WS —
FY20
CMC $604M
WS —
FY21
CMC $44.3M
WS —
FY22
CMC $250M
WS $3.1M
FY23
CMC $737M
WS $270M
FY24
CMC $575M
WS $96.1M
FY25
CMC $312M
WS $99.9M
FY26
CMC $479M
WS $80.0M
CMC
WS
FY17
CMC 4.3%
WS —
FY18
CMC 8.4%
WS —
FY19
CMC 10.7%
WS —
FY20
CMC 12.7%
WS —
FY21
CMC 17.1%
WS —
FY22
CMC 35.9%
WS —
FY23
CMC 20.2%
WS —
FY24
CMC 11.2%
WS 12.9%
FY25
CMC 2.7%
WS 8.8%
FY26
CMC 12.9%
WS −0.1%
CMC
WS
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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.