CMC 10-K: $9.4B Revenue, $656M Profit, GF Value Shows 3.6% Upside
CMC's fiscal 2026 revenue rose 20% to $9.39B, net income surged to $656M. The 10-K shows SG&A costs rising 26%, while GF Value pegs the stock 3.6% undervalued.
COMMERCIAL METALS Co currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Commercial Metals Co filed its annual report on October 16, posting net sales of $9.39 billion for the year ended August 31, up from $7.8 billion in fiscal 2025. Net earnings reached $655.8 million, a sharp increase from $84.7 million a year earlier, according to the 10-K.
The steelmaker operates six electric arc furnace mini mills and four micro mills, and said about 98% of its raw materials came from recycled scrap. That vertical integration helps control input costs, but selling, general, and administrative expenses climbed to $882 million from $700 million, a 26% jump the filing cited mostly from higher compensation and growth investments.
CMC's GF Score, a composite measure of financial health and growth, stands at 85 out of 100, according to GuruFocus data. The GF Value metric estimates fair value at $67.39 per share, roughly 3.6% above the $64.98 closing price, implying the stock trades below its calculated intrinsic worth. Six investment managers held positions as of the most recent 13F filings, with five adding shares and four trimming. AlphaScala's proprietary scoring labels CMC as Unscored, reflecting insufficient data for a full assessment.
The 10-K also flagged opportunities tied to U.S. infrastructure spending, particularly in the Sun Belt, and demand for low-emission construction products such as CMC's RebarZero and MerchantZero lines. The company recently expanded into precast concrete through an acquisition.
Risk factors include competition from lower-cost domestic and international producers, sensitivity to scrap metal and energy prices, and potential costs from tightening environmental regulations.
The annual filing did not provide specific revenue guidance for fiscal 2027. The next quarterly report is expected in January.
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