Commercial Metals (CMC) Operating Margin (2009 - 2026)
Commercial Metals (CMC) recorded quarterly Operating Margin of 76.66% in Q1 2026, down 6.22% quarter-over-quarter from 72.17% in Q4 2025, and up 877.0% on a YoY basis from 7.85% in Q1 2025.
Commercial Metals (CMC) Operating Margin (2009 - 2026) Analysis & Trends
Commercial Metals' Operating Margin history runs 18 years deep, the most recent figure standing at 76.66% for Q1 2026.
- In Q1 2026, Operating Margin rose 877.0% year-over-year to 76.66%; the TTM figure through Feb 2026 stood at 75.16% (up 817.0% YoY), while the FY2025 annual figure was 82.97%, down 814.0% from the prior year.
- Operating Margin was 76.66% for Q1 2026 at Commercial Metals, down from 72.17% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 55.02% in Q1 2022 to a low of 95.99% in Q4 2024.
- Historically, Operating Margin has averaged 72.36% across 5 years, with a median of 72.17% in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 2713 bps in 2024, then jumped 2382 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 62.0% in 2022, then fell by 11 bps to 68.86% in 2023, then plunged by 39 bps to 95.99% in 2024, then grew by 25 bps to 72.17% in 2025, then dropped by 6 bps to 76.66% in 2026.
- The last three Operating Margin figures came in at 76.66% (Q1 2026), 72.17% (Q4 2025), and 72.28% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 26.15 Bn | 25.86 Bn | 251.80 Mn | 22.98% |
| 2 | Ati | 25.48 Bn | 25.19 Bn | 262.90 Mn | 14.22% |
| 3 | Mueller Industries | 14.66 Bn | 13.28 Bn | 358.44 Mn | 26.17% |
| 4 | Commercial Metals | 8.43 Bn | 7.93 Bn | 387.91 Mn | -76.66% |
| 5 | Esab | 5.37 Bn | 5.23 Bn | 257.79 Mn | 12.01% |
| 6 | Gpgi | 3.15 Bn | 3.15 Bn | - | - |
| 7 | Worthington Enterprises | 2.87 Bn | 2.87 Bn | 109.47 Mn | 8.33% |
| 8 | Proto Labs | 1.79 Bn | 1.65 Bn | 63.59 Mn | 7.06% |
| 9 | Ryerson Holding | 1.20 Bn | 1.19 Bn | 288.80 Mn | 1.48% |
| 10 | Mayville Engineering Company | 709.34 Mn | 707.28 Mn | 10.96 Mn | -5.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -76.66% |
| Nov 30, 2025 | -72.17% |
| Aug 31, 2025 | -72.28% |
| May 31, 2025 | -79.73% |
| Feb 28, 2025 | -85.43% |
| Nov 30, 2024 | -95.99% |
| Aug 31, 2024 | -77.12% |
| May 31, 2024 | -75.91% |
| Feb 29, 2024 | -77.65% |
| Nov 30, 2023 | -68.86% |
| Aug 31, 2023 | -69.99% |
| May 31, 2023 | -66.19% |
| Feb 28, 2023 | -68.70% |
| Nov 30, 2022 | -62.00% |
| Aug 31, 2022 | -64.84% |
| May 31, 2022 | -61.67% |
| Feb 28, 2022 | -55.02% |
| Nov 30, 2021 | -66.84% |
| Aug 31, 2021 | -73.58% |
| May 31, 2021 | -73.99% |