Commercial Metals (CMC) Operating Margin (2009 - 2026)
Commercial Metals (CMC) posted Operating Margin of -72.50% for fiscal Q4 2026 (quarter ended Aug 31, 2026), down 0.22 percentage points from -72.28% a year earlier but up 1.57 percentage points from the prior quarter.
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Analysis
Commercial Metals (CMC) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Aug 31, 2026), Commercial Metals' Operating Margin came in at -73.78%, up 9.19 percentage points from FY2025.
- Annual Operating Margin shows a five-year change of +1.85 percentage points (FY2021 to FY2026).
- In prior fiscal years, Commercial Metals' Operating Margin was -82.97% in FY2025 (-8.14 pp), -74.84% in FY2024 (-8.18 pp), -66.66% in FY2023 (-4.48 pp) and -62.17% in FY2022 (+13.46 pp).
- Quarterly Operating Margin has run from a low of -95.99% in fiscal Q1 2025 to a high of -55.02% in fiscal Q2 2022 over five years.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +0.52 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q1 2026, with a gain of 23.82 percentage points; the weakest was fiscal Q1 2025, with a drop of 27.13 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was -74.07% (Q3 2026), -76.66% (Q2 2026) and -72.17% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | 59.94% |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 16.03% |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | 28.50% |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 51.63% |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 15.67% |
| 10 | Commercial Metals | 7.17 Bn | 6.40 Bn | 501.51 Mn | 10.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 10.04% |
| May 31, 2026 | 9.22% |
| Feb 28, 2026 | 7.07% |
| Nov 30, 2025 | 9.80% |
| Aug 31, 2025 | 9.71% |
| May 31, 2025 | 5.96% |
| Feb 28, 2025 | 2.69% |
| Nov 30, 2024 | -11.52% |
| Aug 31, 2024 | 7.31% |
| May 31, 2024 | 8.30% |
| Feb 29, 2024 | 6.97% |
| Nov 30, 2023 | 11.80% |
| Aug 31, 2023 | 11.14% |
| May 31, 2023 | 13.60% |
| Feb 28, 2023 | 12.16% |
| Nov 30, 2022 | 15.78% |
| Aug 31, 2022 | 14.66% |
| May 31, 2022 | 16.63% |
| Feb 28, 2022 | -55.02% |
| Nov 30, 2021 | 13.77% |
API Access
Commercial Metals Operating Margin 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=operating-margin&ticker=CMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=CMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();