CMC
Commercial Metals Company Materials - Steel Investor Relations →
Commercial Metals Company (CMC) closed at $82.99 as of 2026-02-02, trading 66.3% above its 200-week moving average of $49.89. The stock moved further from the line this week, up from 54.7% last week. With a 14-week RSI of 92, CMC is in overbought territory.
Over the past 2346 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 $9.2 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 2.1x 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 $6377, compared to $2849 for the S&P 500. That represents an annualized return of 13.3% vs 10.6% 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.
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 +24.1% after 12 months (median +21.0%), compared to +10.9% 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% | +37744.0% |
| May 1981 | Jul 1981 | 7 | 8.9% | -31.2% | +33276.3% |
| Sep 1981 | Oct 1981 | 5 | 12.5% | -5.0% | +34476.9% |
| Nov 1981 | Nov 1982 | 52 | 33.9% | -6.8% | +32819.0% |
| Jun 1985 | Jun 1985 | 1 | 1.1% | +65.1% | +25329.6% |
| Sep 1985 | Sep 1985 | 1 | 0.2% | +36.4% | +24547.1% |
| Nov 1986 | Nov 1986 | 1 | 2.6% | +7.7% | +20094.1% |
| Nov 1987 | Dec 1987 | 1 | 2.0% | +57.9% | +19102.5% |
| Dec 1990 | Jan 1991 | 3 | 4.0% | +19.4% | +11260.8% |
| Nov 1991 | Dec 1991 | 3 | 3.4% | +38.2% | +9743.3% |
| Jul 1998 | Jun 1999 | 46 | 28.5% | +21.0% | +4153.6% |
| Sep 1999 | Sep 1999 | 1 | 0.5% | -9.4% | +4063.0% |
| Feb 2000 | Apr 2000 | 6 | 16.4% | -6.2% | +4103.5% |
| May 2000 | Jul 2000 | 10 | 8.9% | +0.4% | +4232.5% |
| Aug 2000 | Jun 2001 | 42 | 23.0% | +19.9% | +4064.9% |
| Sep 2001 | Sep 2001 | 1 | 7.2% | +50.6% | +4341.5% |
| Jan 2003 | Apr 2003 | 13 | 13.9% | +107.7% | +3601.0% |
| Sep 2008 | Aug 2012 | 205 | 67.9% | -21.3% | +458.5% |
| Aug 2012 | Sep 2012 | 2 | 5.6% | +22.8% | +753.3% |
| Sep 2012 | Oct 2012 | 3 | 2.9% | +32.9% | +750.1% |
| Nov 2012 | Dec 2012 | 5 | 2.5% | +43.9% | +720.2% |
| Apr 2013 | Apr 2013 | 1 | 0.7% | +46.2% | +702.2% |
| Jan 2015 | Feb 2015 | 4 | 11.0% | -2.0% | +639.6% |
| Aug 2015 | Oct 2015 | 7 | 9.8% | +11.0% | +593.7% |
| Oct 2015 | Feb 2016 | 18 | 13.8% | +11.2% | +614.0% |
| Sep 2016 | Sep 2016 | 2 | 3.2% | +25.1% | +556.7% |
| Oct 2016 | Oct 2016 | 3 | 1.6% | +39.5% | +550.7% |
| Dec 2018 | Jun 2019 | 28 | 24.6% | +31.6% | +444.8% |
| Jul 2019 | Sep 2019 | 6 | 14.7% | +27.4% | +454.0% |
| Sep 2019 | Oct 2019 | 2 | 6.2% | +23.7% | +451.0% |
| Feb 2020 | Jun 2020 | 16 | 28.7% | +41.2% | +399.4% |
| Mar 2025 | Apr 2025 | 4 | 8.8% | N/A | +105.3% |
| Average | 16 | — | +22.1% | — |
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 Friday close, 2026-02-02