Commercial Metals Co (CMC) financial statements: income statement, balance sheet and cash flow
Commercial Metals Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Aug 31, 2024 · FY), Commercial Metals Co reported net income of $485.5M (-43.5% year on year).
Income statement
Commercial Metals Co income statement, fiscal years
Line item
Aug 31, 2024 · FY
Aug 31, 2023 · FY
Aug 31, 2022 · FY
Aug 31, 2021 · FY
Net earnings
$485.5M
$859.8M
$1.2B
$412.9M
Foreign currency translation adjustments
$49.2M
—
—
—
Net unrealized holding gain (loss)
($129.7M)
—
—
—
Reclassification for realized gain
($2.0M)
—
—
—
Net other comprehensive income (loss) on derivatives
($131.6M)
—
—
—
Net gain (loss)
$708.0K
—
—
—
Reclassification for settlement losses and other
($430.0K)
—
—
—
Net other comprehensive income (loss) on defined benefit pension plans
$278.0K
—
—
—
Total other comprehensive income (loss), net of income taxes
($82.2M)
—
—
—
Comprehensive income
$403.3M
—
—
—
Commercial Metals Co income statement, quarters
Line item
May 31, 2026 · Q3
Feb 28, 2026 · Q2
Nov 30, 2025 · Q1
May 31, 2025 · Q3
Net sales
$2.5B
$2.1B
$2.1B
$2.0B
Cost of goods sold
$2.0B
$1.7B
$1.7B
$1.7B
Selling, general and administrative expenses
$222.3M
$233.2M
$195.6M
$175.8M
Interest expense
$40.2M
$40.9M
$24.8M
$10.9M
Litigation expense
$3.8M
$4.1M
$3.7M
$3.8M
Net costs and operating expenses
$2.3B
$2.0B
$1.9B
$1.9B
Earnings (loss) before income taxes
$188.8M
$109.7M
$182.9M
$109.5M
Income tax expense (benefit)
$15.8M
$16.7M
$5.7M
$26.4M
Net earnings (loss)
$173.0M
$93.0M
$177.3M
$83.1M
Basic (in USD per share)
$1.56
$0.84
$1.60
$0.74
Diluted (in USD per share)
$1.55
$0.83
$1.58
$0.73
Average basic shares outstanding (shares)
110.8M
111.0M
111.1M
112.7M
Average diluted shares outstanding (shares)
111.7M
111.9M
112.3M
113.6M
Balance sheet
Commercial Metals Co balance sheet, fiscal years
Line item
Aug 31, 2026 · FY
Aug 31, 2025 · FY
Aug 31, 2024 · FY
Aug 31, 2023 · FY
Cash and cash equivalents
$775.7M
$1.0B
$857.9M
$592.3M
Restricted cash
$3.2M
—
—
—
Accounts receivable (less allowance for doubtful accounts of $3,867 and $3,186)
$1.4B
$1.2B
$1.2B
$1.2B
Income tax receivable
$131.6M
—
—
—
Inventories
$1.1B
$934.3M
$971.8M
$1.0B
Prepaid and other current assets
$352.4M
$314.4M
$285.5M
$276.0M
Total current assets
$3.8B
$3.5B
$3.3B
$3.1B
Land
$246.3M
$170.8M
$165.7M
$160.1M
Buildings and improvements
$1.6B
$1.2B
$1.2B
$1.1B
Equipment
$4.2B
$3.5B
$3.3B
$3.1B
Construction in process
$188.6M
$449.6M
$261.3M
$213.7M
Property, plant and equipment, Gross
$6.2B
$5.3B
$4.9B
$4.5B
Less accumulated depreciation and amortization
($2.8B)
($2.6B)
($2.3B)
($2.1B)
Property, plant and equipment, net
$3.5B
$2.7B
$2.6B
$2.4B
Intangible assets, net
$431.7M
$210.8M
$234.9M
$259.2M
Goodwill
$2.1B
$386.8M
$385.6M
$385.8M
Other noncurrent assets
$426.1M
$336.6M
$327.4M
$440.6M
Total assets
$10.3B
$7.2B
$6.8B
$6.6B
Accounts payable
$540.9M
$358.4M
$350.6M
$364.4M
Accrued contingent litigation-related loss
$377.3M
$362.3M
—
—
Other accrued expenses and payables
$642.9M
$493.9M
$445.5M
$438.8M
Current maturities of long-term debt
$67.1M
$44.3M
$38.8M
$40.5M
Total current liabilities
$1.6B
$1.3B
$834.9M
$843.7M
Deferred income taxes
$354.3M
$184.6M
$276.9M
$306.8M
Other noncurrent liabilities
$264.4M
$225.0M
$255.2M
$253.2M
Long-term debt
$3.3B
$1.3B
$1.2B
$1.1B
Total liabilities
$5.6B
$3.0B
$2.5B
$2.5B
Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 110,316,995 and 111,189,136 shares
$1290000.00
$1290000.00
$1290000.00
$1290000.00
Additional paid-in capital
$423.3M
$406.9M
$407.2M
$394.7M
Accumulated other comprehensive loss
($29.2M)
($25.3M)
($86.0M)
($3.8M)
Retained earnings
$5.1B
$4.5B
$4.5B
$4.1B
Less treasury stock, 18,743,669 and 17,871,528 shares at cost
-777.2M
-697.0M
-526.7M
-368.6M
Stockholders' equity
$4.7B
$4.2B
$4.3B
$4.1B
Stockholders' equity attributable to non-controlling interests
$274.0K
$260.0K
$248.0K
$241.0K
Total stockholders' equity
$4.7B
$4.2B
$4.3B
$4.1B
Total liabilities and stockholders' equity
$10.3B
$7.2B
$6.8B
$6.6B
Commercial Metals Co balance sheet, quarters
Line item
May 31, 2026
Feb 28, 2026
Nov 30, 2025
May 31, 2025
Cash and cash equivalents
$559.8M
$495.0M
$1.0B
$893.0M
Restricted cash
$3.5M
$8.6M
$2.0B
—
Accounts receivable (less allowance for doubtful accounts of $4,422 and $3,186)
$1.4B
$1.3B
$1.2B
$1.2B
Inventories, net
$1.2B
$1.1B
$951.1M
$1.0B
Prepaid and other current assets
$334.7M
$335.5M
$324.4M
$303.2M
Total current assets
$3.5B
$3.3B
$5.5B
$3.4B
Property, plant and equipment, net
$3.3B
$3.3B
$2.8B
$2.7B
Intangible assets, net
$463.9M
$496.0M
$204.3M
$216.5M
Goodwill
$2.1B
$2.1B
$386.2M
$386.5M
Other noncurrent assets
$404.1M
$415.9M
$335.0M
$342.1M
Total assets
$9.8B
$9.6B
$9.2B
$7.0B
Accounts payable
$458.5M
$456.0M
$361.4M
$364.0M
Accrued contingent litigation-related loss
$373.5M
$369.7M
$366.0M
$358.5M
Other accrued expenses and payables
$567.7M
$489.8M
$457.5M
$411.5M
Current maturities of long-term debt
$88.8M
$52.6M
$46.3M
$41.4M
Total current liabilities
$1.5B
$1.4B
$1.2B
$1.2B
Deferred income taxes
$190.7M
$198.8M
$175.8M
$186.6M
Other noncurrent liabilities
$273.4M
$278.3M
$218.2M
$231.2M
Long-term debt
$3.3B
$3.3B
$3.3B
$1.3B
Total liabilities
$5.3B
$5.2B
$4.9B
$2.9B
Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 110,695,456 and 111,189,136 shares
$1290000.00
$1290000.00
$1290000.00
$1290000.00
Additional paid-in capital
$415.8M
$406.7M
$395.4M
$400.9M
Accumulated other comprehensive loss
($23.2M)
($7.8M)
($27.2M)
($33.5M)
Retained earnings
$4.9B
$4.7B
$4.7B
$4.4B
Less treasury stock 18,365,208 and 17,871,528 shares at cost
-750.4M
-731.5M
-721.6M
-646.6M
Stockholders' equity
$4.5B
$4.4B
$4.3B
$4.1B
Stockholders' equity attributable to non-controlling interests
$274.0K
$260.0K
$260.0K
$260.0K
Total stockholders' equity
$4.5B
$4.4B
$4.3B
$4.1B
Total liabilities and stockholders' equity
$9.8B
$9.6B
$9.2B
$7.0B
Cash flow statement
Commercial Metals Co cash flow statement, fiscal years
Line item
Aug 31, 2026 · FY
Aug 31, 2025 · FY
Aug 31, 2024 · FY
Aug 31, 2023 · FY
Net earnings
$655.8M
$84.7M
$485.5M
$859.8M
Depreciation and amortization
$395.9M
$285.9M
$280.4M
$218.8M
Stock-based compensation
$43.9M
$37.1M
$45.1M
$60.5M
Write-off of committed financing fees
$11.6M
—
—
—
Deferred income taxes and other long-term taxes
$158.4M
($98.3M)
($15.3M)
$51.9M
Write-down of inventory
$333.0K
$2.5M
$5.1M
$11.3M
Unrealized loss (gain) on undesignated commodity hedges
$7.9M
—
—
—
Unrealized loss (gain) on undesignated commodity hedges
$5.1M
($2.8M)
—
—
Amortization of debt issuance costs
$4.8M
—
—
—
Asset impairments
$21.0K
$4.6M
$6.7M
$3.8M
Net loss (gain) on sales of assets
($741.0K)
$1.8M
$3.3M
$2.3M
Other
$2.1M
$1.6M
$2.7M
$4.5M
Litigation expense
$15.4M
$362.3M
—
—
Settlement of New Markets Tax Credit transactions
$0
($2.8M)
($6.7M)
($17.7M)
Accounts receivable
($155.0M)
($28.6M)
$75.7M
$175.1M
Inventories
($102.0M)
$42.6M
$61.8M
$177.0M
Accounts payable, accrued expenses and other payables
$236.1M
$49.8M
($23.6M)
($174.1M)
Income tax payable (receivable)
($130.8M)
—
—
—
Other operating assets and liabilities
($89.9M)
($25.3M)
($21.0M)
($29.3M)
Net cash flows from operating activities
$1.1B
$715.1M
$899.7M
$1.3B
Capital expenditures
($579.8M)
($402.8M)
($324.3M)
($606.7M)
Acquisitions, net of cash acquired
($2.5B)
$0
$0
($234.7M)
Proceeds from government assistance related to property, plant and equipment
$15.0M
$50.0M
$0
$5.0M
Proceeds from the sale of property, plant and equipment
$11.3M
$5.8M
$756.0K
$1.0M
Proceeds from insurance
$9.6M
$2.2M
$0
$2.5M
Other
($1.7M)
($1.9M)
$513.0K
($2.3M)
Net cash flows used by investing activities
($3.1B)
($346.8M)
($323.0M)
($835.2M)
Proceeds from issuance of long-term debt, net
$2.0B
$147.7M
$0
$0
Repayments of long-term debt
($47.7M)
($41.5M)
($36.3M)
($389.8M)
Debt issuance costs
($8.5M)
($622.0K)
$0
($1.8M)
Committed financing fees
($11.6M)
—
—
—
Proceeds from accounts receivable facilities
$173.3M
$36.0M
$175.3M
$330.1M
Repayments under accounts receivable facilities
($164.3M)
($36.0M)
($183.3M)
($349.0M)
Treasury stock acquired
($102.8M)
($198.8M)
($182.9M)
($101.4M)
Tax withholdings related to share settlements, net of purchase plans
($3.1M)
($8.8M)
($7.6M)
($12.5M)
Dividends
($84.2M)
($81.4M)
($78.9M)
($74.9M)
Proceeds from Noncontrolling Interests
$14.0K
$12.0K
$7.0K
$9.0K
Net cash flows from (used by) financing activities
$1.7B
($183.4M)
($313.8M)
($599.5M)
Effect of exchange rate changes on cash
$66.0K
$1.5M
$891.0K
$7.1M
Increase (decrease) in cash and cash equivalents
($267.1M)
$186.3M
$263.8M
($83.5M)
Cash, restricted cash and cash equivalents at beginning of period
$1.0B
$859.6M
$595.7M
$679.2M
Cash, restricted cash and cash equivalents at end of period
$778.9M
$1.0B
$859.6M
$595.7M
Cash paid for income taxes
$43.0M
$116.2M
$158.5M
$199.9M
Cash paid for interest
$118.6M
$51.1M
$49.5M
$64.4M
Liabilities related to additions of property, plant and equipment
$77.2M
$36.9M
$35.2M
$31.4M
Commercial Metals Co cash flow statement, quarters
Line item
May 31, 2026 · YTD
Feb 28, 2026 · YTD
Nov 30, 2025 · Q1
May 31, 2025 · YTD
Net earnings (loss)
$443.3M
$270.3M
$177.3M
($67.1M)
Depreciation and amortization
$282.7M
$175.3M
$72.7M
$213.4M
Write-off of committed financing fees
$11.6M
$11.6M
$11.6M
—
Stock-based compensation
$37.4M
$26.0M
$11.2M
$27.8M
Write-down of inventory
$417.0K
$2.8M
$2.8M
$20.7M
Unrealized loss on undesignated commodity hedges
$5.5M
$6.1M
$8.1M
—
Unrealized loss (gain) on undesignated foreign exchange hedges
$3.8M
$925.0K
$3.9M
—
Deferred income taxes and other long-term taxes
($616.0K)
$3.4M
($7.5M)
($94.2M)
Litigation expense
$11.6M
$7.8M
$3.7M
$358.5M
Settlement of New Markets Tax Credit transaction
$0
—
—
$2.8M
Amortization of debt issuance costs
$3.4M
—
—
—
Other
($1.0M)
$2.6M
$1.9M
$3.4M
Changes in operating assets and liabilities
($195.1M)
($136.3M)
($81.5M)
($60.9M)
Net cash flows from operating activities
$603.0M
$370.5M
$204.2M
$399.9M
Acquisitions, net of cash acquired
($2.5B)
($2.5B)
—
—
Capital expenditures
($404.3M)
($248.1M)
($125.4M)
($293.9M)
Proceeds from government assistance related to property, plant and equipment
$0
$0
—
$25.0M
Proceeds from the sale of property, plant and equipment
$5.0M
$2.2M
$324.0K
$5.4M
Proceeds from insurance
$9.6M
$8.5M
$7.6M
—
Other
($1.3M)
($890.0K)
($509.0K)
$844.0K
Net cash flows used by investing activities
($2.9B)
($2.8B)
($118.0M)
($262.6M)
Proceeds from issuance of long-term debt
$2.0B
$2.0B
$2.0B
$147.7M
Repayments of long-term debt
($34.2M)
($21.2M)
($9.9M)
($30.4M)
Debt issuance costs
($8.5M)
($8.5M)
($5.5M)
($606.0K)
Committed financing fees
($11.6M)
($11.6M)
($11.6M)
—
Proceeds from accounts receivable facilities
$109.0M
$1.9M
$1.9M
$29.8M
Repayments under accounts receivable facilities
($76.5M)
($1.9M)
($1.9M)
($29.8M)
Treasury stock acquired
($76.1M)
($57.2M)
($38.9M)
($148.9M)
Tax withholdings related to share settlements, net of purchase plans
($4.3M)
($5.7M)
($14.1M)
($9.6M)
Dividends
($62.1M)
($40.0M)
($20.0M)
($61.3M)
Contribution from non-controlling interest
$14.0K
—
—
$12.0K
Net cash flows from (used by) financing activities
$1.8B
$1.8B
$1.9B
($103.0M)
Effect of exchange rate changes on cash
$634.0K
$836.0K
($70.0K)
$1.3M
Increase (decrease) in cash, restricted cash and cash equivalents
($482.7M)
($542.3M)
$2.0B
$35.6M
Cash, restricted cash and cash equivalents at beginning of period
$1.0B
$1.0B
$1.0B
$859.6M
Cash, restricted cash and cash equivalents at end of period
$563.2M
$503.6M
$3.0B
$895.1M
Cash paid for income taxes
$33.5M
$25.5M
$2.9M
$96.0M
Cash paid for interest
$71.4M
$28.8M
$14.5M
$37.2M
Liabilities related to additions of property, plant and equipment