Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group; Europe Steel Group; and Emerging Businesses Group. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, …
Full CMC analysis →
Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.83), demonstrating pricing resilience across cycles.
Commercial Metals Company ranks #4 of 27
scored companies in Steel by moat score — the top 15%.
The widest moat in the group is Grupo Simec, S.A.B. de C.V. (SIM)
at 79/100.
Moat scores for companies ranked near CMC in Steel
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 56
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 89
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 48
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 66
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 80
· 15% of the moat score
Scale matters only when it converts into economics.
Commercial Metals Company (CMC) scores 69 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #4 of 27 scored companies in Steel, the top 15%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Steel. Its strongest defense is Customer Stickiness (89/100) and its weakest is Capital Efficiency (48/100).
How does Commercial Metals Company compare with other Steel companies?
Commercial Metals Company ranks #4 of 27 scored companies in Steel by moat score. The widest moat in Steel is Grupo Simec, S.A.B. de C.V. (SIM) at 79/100. The companies ranked closest are Mesabi Trust (MSB) at 73 just above it and Steel Dynamics, Inc. (STLD) at 69 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Steel. The defenses are then weighted to produce the overall score out of 100.
Why is Commercial Metals Company scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Commercial Metals Company?
The Corporate Default template measures 6 defenses, and CMC scores: Pricing Power (78), Cost Advantage (56), Customer Stickiness (89), Capital Efficiency (48), Resilience (66), Scale & Market Position (80). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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