What is Commercial Metals's net debt?

Commercial Metals (CMC) reported net debt of $3.36B in Q4 2025.

How has Commercial Metals's net debt changed year-over-year?

Commercial Metals's net debt increased by 595.5% year-over-year, from $483.22M to $3.36B.

What is the long-term trend for Commercial Metals's net debt?

Over 5 years (2020 to 2025), Commercial Metals's net debt has grown at a -1.2% compound annual growth rate (CAGR), from $739.09M to $695.27M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Commercial Metals CMC Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

Other financials

Income statement

See full

Revenue$2.1B+21.5%

Gross profit$387.9M+76.7%

Net income$93.0M+265%

EPS (diluted)$0.83+277%

Balance sheet

See full

Cash & equivalents$503.6M-33.7%

Total debt$3.9B+211%

Total equity$4.4B+9.8%

Total assets$9.6B+42.9%

Cash flow

See full

Operating cash flow$166.3M+413%

CapEx$122.7M+42.2%

Free cash flow$43.6M—

Valuation

See full

Market cap$8.02B+47.7%

Enterprise value$11.38B+91.9%

P/E15.9×-58.4×

P/S1×+0.3×

Profitability

See full

Gross margin17.7%+2.4pp

Net margin6%+5.1pp

FCF margin4.7%—

Returns & leverage

See full

Return on equity12%+10.2pp

Debt / equity0.9×+0.6×

Current ratio2.4×-0.4×

Where this comes from

Calculated from Commercial Metals’s reported figures.

$3.9Btotal debt−$503.6Mcash and equivalents=$3.36B

The official record: Commercial Metals’s 10-Q, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Commercial Metals's net debt?: Commercial Metals (CMC) reported net debt of $3.36B in Q4 2025.
How has Commercial Metals's net debt changed year-over-year?: Commercial Metals's net debt increased by 595.5% year-over-year, from $483.22M to $3.36B.
What is the long-term trend for Commercial Metals's net debt?: Over 5 years (2020 to 2025), Commercial Metals's net debt has grown at a -1.2% compound annual growth rate (CAGR), from $739.09M to $695.27M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.