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Commercial Metals CMC Downstream products — Net Sales

Other product segments

Steel products
$951.02M+10.0%
Raw materials
$460.82M+36.5%
Precast Products
$172.87M
Ground stabilization solutions
$85.78M+25.1%
Other
$85.03M+0.3%
Construction products
$81.41M+4.1%

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Other financials

Income statement

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Revenue$2.5B+22.9%
Gross profit$455.1M+51.8%
Net income$173.0M+108%
EPS (diluted)$1.55+112%

Balance sheet

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Cash & equivalents$563.2M-37.1%
Total debt$3.9B+182%
Total equity$4.5B+10.6%
Total assets$9.8B+40.1%

Cash flow

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Operating cash flow$232.6M+50.6%
CapEx$156.1M+74.6%
Free cash flow$76.4M+17.7%

Valuation

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Market cap$8.03B+43.9%
Enterprise value$11.41B+85.9%
P/E13.5×-138×
P/S0.9×+0.2×

Profitability

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Gross margin18.6%+3.6pp
Net margin6.7%+6.2pp
FCF margin4.6%

Returns & leverage

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Return on equity13.8%+12.9pp
Debt / equity0.9×+0.5×
Current ratio2.3×-0.5×

Where this comes from

Reported directly by Commercial Metals in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The source filing: Commercial Metals’s 10-Q, filed June 29, 2026.

Filed
Jun 29, 2026, 11:48 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000022444-26-000041
(in thousands)North America Steel GroupConstruction Solutions GroupEurope Steel GroupCorporate and OtherTotal
Major product:
Raw materials$453,206$7,610$460,816
Steel products715,837235,187951,024
Downstream products564,24245,30336,781646,326
Precast products172,866172,866
Construction products81,40681,406
Ground stabilization solutions85,77985,779
Other56,0969,22011,6578,05585,028

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Commercial Metals's downstream products — net sales?
Commercial Metals (CMC) reported downstream products — net sales of $646.33M in Q1 2026.
How has Commercial Metals's downstream products — net sales changed year-over-year?
Commercial Metals's downstream products — net sales increased by 10.2% year-over-year, from $586.28M to $646.33M.
What is the long-term trend for Commercial Metals's downstream products — net sales?
Over 4 years (2021 to 2025), Commercial Metals's downstream products — net sales has grown at a 3.3% compound annual growth rate (CAGR), from $2.01B to $2.29B.
What does downstream products — net sales mean?
This metric represents the total revenue generated from the sale of finished steel products, such as rebar and structural steel, to external customers after processing. It reflects the company's ability to capture value through fabrication and value-added services beyond primary steel production. This segment is a critical indicator of the company's exposure to nonresidential construction demand and downstream market pricing power.

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