Commercial Metals vs Reliance
Reliance reported revenue of $14.3 billion in fiscal 2025, 1.5 times Commercial Metals' $9.4 billion in fiscal 2026. Commercial Metals' revenue grew 20.5% in its latest year, and Reliance's grew 3.3%. Free cash flow was $479 million at Commercial Metals and $502 million at Reliance. Their fiscal years end in different months (August 31 and December 31), so the periods don't line up exactly.
Side by side
| Commercial Metals | Reliance | |
|---|---|---|
| Latest fiscal year | FY2026, Aug 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $9.4B | $14.3B |
| Revenue growth | 20.5% | 3.3% |
| Revenue growth a year, last 5 years | 6.9% | 10.2% |
| Gross margin | 18.6% | — |
| Operating margin | — | 7.1% |
| Net margin | 7.0% | 5.2% |
| Free cash flow | $479M | $502M |
| Free cash flow margin | 5.1% | 3.5% |
| Return on capital | 12.9% | 9.4% |
| Net debt to EBITDA | 2.1x | 0.9x |
| Dividends and buybacks | $187M | $594M |
| Change in diluted share count | −1.9% | −6.0% |
| Last close | $62.42 | $421.87 |
| P/E at the last close | 10.7× | 27.5× |
| Insider trades, last 12 months | bought $753,848, sold $2.4 million | sold $16.0 million |
| Piotroski F-score | 7 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ 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 MetalsReliance
Operating margin
Percent of revenue
Commercial MetalsReliance
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Commercial MetalsReliance
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 Reliance pages.