CMC
Commercial Metals Company Materials - Steel Investor Relations →
Commercial Metals Company (CMC) closed at $60.18 as of 2026-03-20, trading 18.4% above its 200-week moving average of $50.83. The stock is currently moving closer to the line, down from 20.4% last week. The 14-week RSI sits at 37, indicating neutral momentum.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.82 ratio) is neutral — neither side is clearly dominating.
Over the past 2352 weeks of data, CMC has crossed below its 200-week moving average 32 times. On average, these episodes lasted 16 weeks. Historically, investors who bought CMC at the start of these episodes saw an average one-year return of +22.1%.
With a market cap of $6.7 billion, CMC is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 10.5%. The stock trades at 1.6x book value.
The company has been aggressively buying back shares, reducing its share count by 5.4% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in CMC would have grown to $4624, compared to $2683 for the S&P 500. That represents an annualized return of 12.2% vs 10.4% for the index — confirming CMC as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CMC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CMC Crosses Below the Line?
Across 23 historical episodes, buying CMC when it crossed below its 200-week moving average produced an average return of +25.3% after 12 months (median +21.0%), compared to +11.2% for the S&P 500 over the same periods. 86% of those episodes were profitable after one year. After 24 months, the average return was +58.0% vs +24.8% for the index.
Each line shows $100 invested at the moment CMC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CMC has crossed below its 200-week MA 32 times with an average 1-year return of +22.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Apr 1981 | 8 | 13.2% | -15.0% | +27342.5% |
| May 1981 | Jul 1981 | 7 | 8.9% | -31.2% | +24102.7% |
| Sep 1981 | Oct 1981 | 5 | 12.5% | -5.0% | +24973.3% |
| Nov 1981 | Nov 1982 | 52 | 33.9% | -6.8% | +23771.2% |
| Jun 1985 | Jun 1985 | 1 | 1.1% | +65.1% | +18340.2% |
| Sep 1985 | Sep 1985 | 1 | 0.2% | +36.4% | +17772.8% |
| Nov 1986 | Nov 1986 | 1 | 2.6% | +7.7% | +14543.7% |
| Nov 1987 | Dec 1987 | 1 | 2.0% | +57.9% | +13824.7% |
| Dec 1990 | Jan 1991 | 3 | 4.0% | +19.4% | +8138.2% |
| Nov 1991 | Dec 1991 | 3 | 3.4% | +38.2% | +7037.9% |
| Jul 1998 | Jun 1999 | 46 | 28.5% | +21.0% | +2984.5% |
| Sep 1999 | Sep 1999 | 1 | 0.5% | -9.4% | +2918.8% |
| Feb 2000 | Apr 2000 | 6 | 16.4% | -6.2% | +2948.2% |
| May 2000 | Jul 2000 | 10 | 8.9% | +0.4% | +3041.7% |
| Aug 2000 | Jun 2001 | 42 | 23.0% | +19.9% | +2920.2% |
| Sep 2001 | Sep 2001 | 1 | 7.2% | +50.6% | +3120.7% |
| Jan 2003 | Apr 2003 | 13 | 13.9% | +107.7% | +2583.7% |
| Sep 2008 | Aug 2012 | 205 | 67.9% | -21.3% | +305.0% |
| Aug 2012 | Sep 2012 | 2 | 5.6% | +22.8% | +518.8% |
| Sep 2012 | Oct 2012 | 3 | 2.9% | +32.9% | +516.4% |
| Nov 2012 | Dec 2012 | 5 | 2.5% | +43.9% | +494.8% |
| Apr 2013 | Apr 2013 | 1 | 0.7% | +46.2% | +481.7% |
| Jan 2015 | Feb 2015 | 4 | 11.0% | -2.0% | +436.3% |
| Aug 2015 | Oct 2015 | 7 | 9.8% | +11.0% | +403.1% |
| Oct 2015 | Feb 2016 | 18 | 13.8% | +11.2% | +417.8% |
| Sep 2016 | Sep 2016 | 2 | 3.2% | +25.1% | +376.2% |
| Oct 2016 | Oct 2016 | 3 | 1.6% | +39.5% | +371.8% |
| Dec 2018 | Jun 2019 | 28 | 24.6% | +31.6% | +295.0% |
| Jul 2019 | Sep 2019 | 6 | 14.7% | +27.4% | +301.7% |
| Sep 2019 | Oct 2019 | 2 | 6.2% | +23.7% | +299.6% |
| Feb 2020 | Jun 2020 | 16 | 28.7% | +41.2% | +262.2% |
| Mar 2025 | Apr 2025 | 4 | 8.8% | N/A | +48.9% |
| Average | 16 | — | +22.1% | — |
Frequently Asked Questions
Is CMC below its 200-week moving average?
No. Commercial Metals Company (CMC) is currently 18.4% above its 200-week moving average of $50.83. It would need to fall to $50.83 to cross below the line.
What is CMC's 200-week moving average price?
Commercial Metals Company's 200-week moving average is $50.83 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CMC drops below its 200-week moving average?
CMC has crossed below its 200-week moving average 32 times in our data. On average, buying at that moment produced a one-year return of +22.1%. These dips have historically been decent entry points. These episodes lasted 16 weeks on average.
Is CMC a good value right now?
Here's what our data says about CMC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 37. Free cash flow is currently negative. Return on equity is 10.5%. Price-to-book is 1.6x. This is not a buy or sell recommendation — always do your own research.
How does CMC compare to the S&P 500?
Over the past 33.2 years, $100 invested in CMC would have grown to $4624, compared to $2683 for the S&P 500. That's 12.2% annualized vs 10.4% for the index. CMC has outperformed the broader market over this period.
Does CMC pay a dividend?
Yes. Commercial Metals Company currently pays a dividend yield of 120.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20