Commercial Metals Company

Can Commercial Metals Sustain Its Strong Core EBITDA Growth Momentum?

Commercial Metals Company (CMC) reported a 77.3% year-over-year surge in core EBITDA to $968M in the first nine months of FY26, driven by metal margin expansion and recently acquired precast businesses. The company targets FY29 core EBITDA of $1.65B-$1.80B with 15-16% margins, representing 106% growth from FY25. CMC's stock has underperformed peers, trading at a lower forward P/S ratio of 0.76 versus the industry's 1.85.