Commercial Metals (CMC) Cost of Revenue (2009 - 2026)
Commercial Metals' Cost of Revenue was $2.03 billion in fiscal Q3 2026 (quarter ended May 31, 2026), up 17.9% from $1.72 billion a year earlier and up 16.3% from the prior quarter.
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Analysis
Commercial Metals (CMC) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Commercial Metals' Cost of Revenue was $7.21 billion through May 31, 2026, up 10.4% year-over-year; for FY2025 (ended Aug 31, 2025), it was $6.58 billion, up 0.2% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- In earlier fiscal years, Cost of Revenue was $6.57 billion in FY2024 (-6.0%), $6.99 billion in FY2023 (-1.0%), $7.06 billion in FY2022 (+25.5%) and $5.62 billion in FY2021 (+24.1%).
- The fiscal Q3 2026 figure marks the highest quarterly Cost of Revenue in data going back to fiscal Q1 2010.
- Compared with a year earlier, Cost of Revenue has increased for four straight quarters, with growth averaging 4.1% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q4 2021 (growth of 47.2%); the worst was fiscal Q1 2024 (a decline of 6.7%).
- Per Business Quant data, CMC's Cost of Revenue in the three fiscal quarters before Q3 2026 was $1.74 billion (Q2 2026), $1.71 billion (Q1 2026) and $1.72 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | 1.39 Bn |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 2.09 Bn |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 3.40 Bn |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 4.84 Bn |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 953.76 Mn |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 2.40 Bn |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 8.36 Bn |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | - |
| 10 | Commercial Metals | 7.04 Bn | 6.48 Bn | 455.14 Mn | 2.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 2.03 Bn |
| Feb 28, 2026 | 1.74 Bn |
| Nov 30, 2025 | 1.71 Bn |
| Aug 31, 2025 | 1.72 Bn |
| May 31, 2025 | 1.72 Bn |
| Feb 28, 2025 | 1.53 Bn |
| Nov 30, 2024 | 1.60 Bn |
| Aug 31, 2024 | 1.67 Bn |
| May 31, 2024 | 1.74 Bn |
| Feb 29, 2024 | 1.55 Bn |
| Nov 30, 2023 | 1.60 Bn |
| Aug 31, 2023 | 1.78 Bn |
| May 31, 2023 | 1.86 Bn |
| Feb 28, 2023 | 1.62 Bn |
| Nov 30, 2022 | 1.72 Bn |
| Aug 31, 2022 | 1.90 Bn |
| May 31, 2022 | 1.96 Bn |
| Feb 28, 2022 | 1.61 Bn |
| Nov 30, 2021 | 1.59 Bn |
| Aug 31, 2021 | 1.69 Bn |
API Access
Commercial Metals Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();