Commercial Metals (CMC) Tax Rate (2010 - 2026)
Commercial Metals' Tax Rate was 8.38% in fiscal Q3 2026 (quarter ended May 31, 2026), down 15.71 percentage points from 24.09% a year earlier and down 6.85 percentage points from the prior quarter.
Commercial Metals (CMC) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Commercial Metals' Tax Rate was 11.80% through May 31, 2026, down 11.60 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it came in at 21.28%, down 2.35 percentage points from FY2024.
- Tax Rate shows a five-year change of -3.66 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 23.63% in FY2024 (+0.26 pp), 23.37% in FY2023 (+3.71 pp), 19.66% in FY2022 (-3.03 pp) and 22.69% in FY2021 (-2.25 pp).
- Quarterly Tax Rate has moved between 3.09% (fiscal Q1 2026) and 29.44% (fiscal Q2 2025) over five years.
- Compared with a year earlier, Tax Rate has declined for five straight quarters, with an average year-over-year change of -6.01 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q1 2023 (a gain of 11.64 percentage points); the worst was fiscal Q1 2026 (a drop of 20.94 percentage points).
- Per Business Quant data, CMC's Tax Rate in the three fiscal quarters before Q3 2026 was 15.23% (Q2 2026), 3.09% (Q1 2026) and 21.45% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 166.32 Bn | 145.19 Bn | 2.90 Bn | - |
| 3 | Newmont | 120.84 Bn | 89.01 Bn | 4.03 Bn | 31.74% |
| 4 | Ternium | 110.94 Bn | 75.99 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 99.52 Bn | 95.67 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 90.25 Bn | 90.25 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 67.10 Bn | 51.84 Bn | 2.90 Bn | - |
| 8 | Nucor | 53.52 Bn | 44.06 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 49.13 Bn | 30.16 Bn | - | - |
| 10 | Commercial Metals | 6.94 Bn | 6.38 Bn | 455.14 Mn | 8.38% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 8.38% |
| Feb 28, 2026 | 15.23% |
| Nov 30, 2025 | 3.09% |
| Aug 31, 2025 | 21.45% |
| May 31, 2025 | 24.09% |
| Feb 28, 2025 | 29.44% |
| Aug 31, 2024 | 22.29% |
| May 31, 2024 | 25.49% |
| Feb 29, 2024 | 26.58% |
| Nov 30, 2023 | 21.55% |
| Aug 31, 2023 | 22.59% |
| May 31, 2023 | 24.54% |
| Feb 28, 2023 | 23.63% |
| Nov 30, 2022 | 22.67% |
| Aug 31, 2022 | 14.76% |
| May 31, 2022 | 22.86% |
| Feb 28, 2022 | 24.80% |
| Nov 30, 2021 | 11.03% |
| Aug 31, 2021 | 20.98% |
| May 31, 2021 | 22.64% |
Commercial Metals Tax Rate 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=tax-rate&ticker=CMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();