The Filing Desk

Commercial Metals vs Warrior Met Coal

Commercial Metals CMC · Warrior Met Coal HCC · Steel

Commercial Metals reported revenue of $9.4 billion in fiscal 2026, 7.2 times Warrior Met Coal's $1.3 billion in fiscal 2025. Commercial Metals' revenue grew 20.5% in its latest year, and Warrior Met Coal's fell 14.1%. Free cash flow was $479 million at Commercial Metals and −$91 million at Warrior Met Coal. Their fiscal years end in different months (August 31 and December 31), so the periods don't line up exactly.

Side by side

Commercial MetalsWarrior Met Coal
Latest fiscal yearFY2026, Aug 31, 2026FY2025, Dec 31, 2025
Revenue$9.4B$1.3B
Revenue growth20.5%−14.1%
Revenue growth a year, last 5 years6.9%10.8%
Gross margin18.6%25.0%
Operating margin—3.5%
Net margin7.0%4.3%
Free cash flow$479M−$91M
Free cash flow margin5.1%−7.0%
Return on capital12.9%2.4%
Net debt to EBITDA2.1x−0.3x
Dividends and buybacks$187M$18M
Change in diluted share count−1.9%0.5%
Last close$62.42$85.21
P/E at the last close10.7×20.5×
Insider trades, last 12 monthsbought $753,848, sold $2.4 millionsold $26.4 million
Piotroski F-score7 of 94 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Commercial MetalsWarrior Met Coal
Operating margin
Percent of revenue
Commercial MetalsWarrior Met Coal
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Commercial MetalsWarrior Met Coal

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Commercial Metals and Warrior Met Coal pages.