Commercial Metals (CMC) Operating Margin (2009 - 2026)
Commercial Metals (CMC) posted Operating Margin of 74.07% for Q2 2026, up 3.38% on a QoQ basis from 76.66% in Q1 2026, and up 566.0% year-over-year from 11.12% in Q2 2025.
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Commercial Metals (CMC) Operating Margin (2009 - 2026) Analysis & Trends
Commercial Metals has reported Operating Margin for 18 years, with the latest figure at 74.07% in Q2 2026.
- On a quarterly basis, Operating Margin rose 566.0% year-over-year to 74.07% in Q2 2026; TTM through May 2026 was 73.81%, a 1058.0% increase from a year earlier, with the FY2025 full-year figure at 82.97%, down 814.0% from the prior year.
- Operating Margin was 74.07% for Q2 2026 at Commercial Metals, up from 76.66% in the prior quarter.
- The five-year high for Operating Margin was 55.02% in Q1 2022, with the low at 95.99% in Q4 2024.
- Average Operating Margin over 5 years is 72.46%, with a median of 72.23% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Margin plunged 2713 bps in 2024, then surged 2382 bps in 2025.
- Over 5 years, Operating Margin stood at 62.0% in 2022, then retreated by 11 bps to 68.86% in 2023, then tumbled by 39 bps to 95.99% in 2024, then increased by 25 bps to 72.17% in 2025, then retreated by 3 bps to 74.07% in 2026.
- The last three Operating Margin figures came in at 74.07% (Q2 2026), 76.66% (Q1 2026), and 72.17% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 116.34 Bn | 110.88 Bn | 941.02 Mn | 12.17% |
| 2 | Nucor | 59.22 Bn | 57.68 Bn | 2.03 Bn | 15.67% |
| 3 | Steel Dynamics | 34.76 Bn | 33.98 Bn | 958.97 Mn | 11.50% |
| 4 | Gerdau | 9.98 Bn | 8.94 Bn | 558.98 Mn | 17.67% |
| 5 | Commercial Metals | 7.78 Bn | 7.22 Bn | 455.14 Mn | -74.07% |
| 6 | Cleveland-Cliffs | 7.13 Bn | 7.27 Bn | 132.00 Mn | -0.94% |
| 7 | Posco Holdings | 4.74 Bn | -4.93 Bn | 1.11 Bn | 4.25% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.62 Bn | -1.21 Bn | 579.08 Mn | 3.07% |
| 10 | SunCoke Energy | 876.76 Mn | 861.96 Mn | 100.40 Mn | 6.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -74.07% |
| 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% |