Short answer
COMMERCIAL METALS Co (CMC) filed its fiscal 2025 10-K annual report with the SEC on Oct 16, 2025. It reported revenue of $7.8B (−1.6% year over year) and net income of $85M.
- Top risk flagged: Antitrust litigation $110M verdict trebled by court, potential $330M liability risking liquidity and financial condition
FY2025 key financial metrics · XBRL
- Revenue
- $7.8B
- −1.6% YoY
- Net income
- $85M
- −82.6% YoY
- EPS (diluted)
- $0.74
- −82.1% YoY
- ROE
- 2.0%
- −9.3 pp YoY
- Operating cash flow
- $715M
- −20.5% YoY
Source: XBRL data from the COMMERCIAL METALS Co (CMC) FY2025 10-K on SEC EDGAR. USD.
COMMERCIAL METALS Co FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Integrated steel manufacturing and recycling focused on reinforcement products for global construction sector
- New emphasis on Emerging Businesses Group segment as distinct from traditional North America and Europe Steel Groups
- Strategic focus on sustainability with ~98% recycled materials and closed-loop water recycling processes highlighted as competitive advantage
- Global manufacturing network concentrated in U.S. and Central Europe serving diverse infrastructure and energy markets
- Commitment to growth via value-accretive organic and inorganic investments broadening product and technology portfolio
Management Discussion & Analysis
- Revenue details not explicitly provided; focus on North America Steel, Europe Steel, Emerging Businesses segments
- No explicit segment sales or profitability data; emphasis on North America Steel’s micro mill expansion and Europe Steel operations
- Capital expenditure on fourth micro mill $550-$600 million net of $75 million government assistance; $50 million government assistance received in 2025
- Management expects CP&P and Foley acquisitions to close in late 2025 funded by cash and debt; aims to expand precast and regional leadership
Risk Factors
- Antitrust litigation $110M verdict trebled by court, potential $330M liability risking liquidity and financial condition
- Geopolitical risk from Russia-Ukraine and Israel-Hamas conflicts causing commodity price volatility and supply chain disruptions
- Raw material scarcity and price swings for ferrous scrap and graphite electrodes threaten production and margins
- Competitive disadvantage from foreign firms bypassing environmental regulations, resulting in lower-cost steel products
- Key-person risk from potential loss of officers and specialists critical to operational management and strategic execution
Generated from the filing text; verify against the original. How to read a 10-K
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