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Commercial Metals vs Carpenter Technology: CMC and CRS compared
Commercial Metals is the larger company: $2.7B of revenue in its latest quarter (Q4 FY26) against $798M for Carpenter Technology (Q1 FY27). Commercial Metals is growing faster (+26% against +9% a year earlier). Carpenter Technology is more profitable, with an operating margin of 24.6% against 8.6%.
Where the money goes: CMC and CRS
Commercial Metals (CMC) · Q4 FY26
Commercial Metals, Q4 FY26: revenue $2.7B (+26% year over year), operating margin 8.6%, net earnings $213M, operating cash flow $456M. The chart follows the revenue to costs, profit and cash.
Carpenter Technology (CRS) · Q1 FY27
Carpenter Technology, Q1 FY27: revenue $798M (+9% year over year), operating margin 24.6%, net earnings $162M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Commercial Metals (CMC) | Carpenter Technology (CRS) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q1 FY27 |
| Revenue | $2.7B | $798M |
| Revenue growth, Y/Y | +26% | +9% |
| Gross margin | — | 32.1% |
| Operating margin | 8.6% | 24.6% |
| Net earnings | $213M | $162M |
| Net margin | 8.0% | 20.4% |
| Operating cash flow | $456M | $52.8M |
| Free cash flow | $280M | — |
| Market value | $7.0B | $13.9B |
| P/E | 10.7× | 24.5× |
| Analysts’ mean target | $78.00 | $438.00 |
Where the revenue comes from
Carpenter Technology
- Aerospace and Defense: $535M (67%)
- Industrial and Consumer: $103M (13%)
- Medical: $65.5M (8%)
- Energy: $46.5M (6%)
Questions
Which is bigger, Commercial Metals or Carpenter Technology?
Commercial Metals is the larger company: $2.7B of revenue in its latest quarter (Q4 FY26) against $798M for Carpenter Technology (Q1 FY27).
Is Commercial Metals or Carpenter Technology growing faster?
Commercial Metals is growing faster (+26% against +9% a year earlier).
Which is more profitable, Commercial Metals or Carpenter Technology?
Carpenter Technology is more profitable, with an operating margin of 24.6% against 8.6%.
More: Commercial Metals earnings · how Commercial Metals makes money · Carpenter Technology earnings · how Carpenter Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 16, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.