Filing Flows › Commercial Metals (CMC) › Q3 FY26 › vs Q2 FY26
Commercial Metals (CMC) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Commercial Metals's revenue rose $351M (+16%) from $2.1B in Q2 FY26 to $2.5B in Q3 FY26. Operating margin 7.6% against 5.1% (+2.5 pts).
Commercial Metals, Q3 FY26: revenue $2.5B (+23% year over year), operating margin 7.6%, net earnings $173M, operating cash flow $233M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 7.6% | 5.1% | +2.5 pts |
| Net margin | 7.0% | 4.4% | +2.6 pts |
| Free cash flow margin | 3.1% | 2.0% | +1.0 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.5B | $2.1B | $351M | +16% |
| Operating profit | $189M | $110M | $79.1M | +72% |
| Costs & expenses | $2.3B | $2.0B | $272M | +13% |
| Pre-tax earnings | $189M | $110M | $79.1M | +72% |
| Cost of revenue | $2.0B | $1.7B | $284M | +16% |
| SG&A | $222M | $233M | −$10.9M | -5% |
| Other operating costs | $44.0M | $45.0M | −$1.0M | -2% |
| Net earnings | $173M | $93.0M | $80.0M | +86% |
| Income tax | $15.8M | $16.7M | −$884K | -5% |
| Depreciation & amortization | $107M | $103M | $4.9M | +5% |
| Share-based compensation | $11.4M | $14.8M | −$3.4M | -23% |
| Working capital & other | $59.3M | $44.1M | $15.1M | +34% |
| Operating cash flow | $233M | $166M | $66.3M | +40% |
| Free cash flow (OCF − capex) | $76.4M | $43.6M | $32.9M | +75% |
| Capital expenditures | $156M | $123M | $33.4M | +27% |
Questions
How much did Commercial Metals's revenue grow quarter over quarter in Q3 FY26?
Commercial Metals's revenue rose $351M (+16%) from $2.1B in Q2 FY26 to $2.5B in Q3 FY26. Operating margin 7.6% against 5.1% (+2.5 pts).