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COMMERCIAL METALS vs Tenaris: revenue, profit, margins and growth compared

COMMERCIAL METALS brought in $7.8B of revenue in fiscal 2025, Tenaris $12B in fiscal 2025. Revenue changed by -1.6% at COMMERCIAL METALS and -4.3% at Tenaris on the year before, so COMMERCIAL METALS grew faster. COMMERCIAL METALS kept 1.1% of its revenue as net profit, Tenaris 16.1%.

Side by side, latest fiscal year

CMCTS
Fiscal year endedFY2025 (August 31, 2025)FY2025 (December 31, 2025)
Revenue$7.8B$12B
Revenue growth-1.6%-4.3%
Net income$84.7M$1.9B
Net margin1.1%16.1%
Free cash flow$312.2Mn/a
Free cash flow margin4.0%n/a
Earnings per share (diluted)$0.74n/a
Cash$1B$572.6M
Debt$1.2B$305.7M
Price to earnings87.2n/a
Market value$7.1B$30.1B
Dividend yield1.12%n/a
Rank by revenue in sector#88 of 587 · Industrials#59 of 587 · Industrials

Over the years

Revenue
CMC FY2018: $4.6BCMC FY2019: $5.8BCMC FY2020: $5.5BCMC FY2021: $6.7BCMC FY2022: $8.9BCMC FY2023: $8.8BCMC FY2024: $7.9BCMC FY2025: $7.8BTS FY2018: $7.7BTS FY2019: $7.3BTS FY2019: $5.1BTS FY2021: $6.5BTS FY2022: $11.8BTS FY2023: $14.9BTS FY2024: $12.5BTS FY2025: $12BFY18FY19FY20FY21FY22FY23FY24FY25
CMC $7.8BTS $12B
Net income
CMC FY2018: $138.5MCMC FY2019: $198.1MCMC FY2020: $279.5MCMC FY2021: $412.9MCMC FY2022: $1.2BCMC FY2023: $859.8MCMC FY2024: $485.5MCMC FY2025: $84.7MTS FY2018: $876.1MTS FY2019: $742.7MTS FY2019: -$634.4MTS FY2021: $1.1BTS FY2022: $2.6BTS FY2023: $3.9BTS FY2024: $2BTS FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
CMC $84.7MTS $1.9B
Net margin
CMC FY2018: 3.0%CMC FY2019: 3.4%CMC FY2020: 5.1%CMC FY2021: 6.1%CMC FY2022: 13.7%CMC FY2023: 9.8%CMC FY2024: 6.1%CMC FY2025: 1.1%TS FY2018: 11.4%TS FY2019: 10.2%TS FY2019: -12.3%TS FY2021: 16.9%TS FY2022: 21.7%TS FY2023: 26.4%TS FY2024: 16.3%TS FY2025: 16.1%FY18FY19FY20FY21FY22FY23FY24FY25
CMC 1.1%TS 16.1%
Revenue growth
CMC FY2019: +25.5%CMC FY2020: -6.0%CMC FY2021: +22.9%CMC FY2022: +32.4%CMC FY2023: -1.3%CMC FY2024: -9.9%CMC FY2025: -1.6%TS FY2019: -4.8%TS FY2019: -29.4%TS FY2021: +26.7%TS FY2022: +80.4%TS FY2023: +26.4%TS FY2024: -15.8%TS FY2025: -4.3%FY19FY20FY21FY22FY23FY24FY25
CMC -1.6%TS -4.3%
Free cash flow
CMC FY2018: -$608.6MCMC FY2019: -$101.8MCMC FY2020: $603.6MCMC FY2021: $44.3MCMC FY2022: $250.3MCMC FY2023: $737.4MCMC FY2024: $575.4MCMC FY2025: $312.2MFY18FY19FY20FY21FY22FY23FY24FY25
CMC $312.2MTS

Fiscal years as each company reports them; the two may end in different months.

Questions about COMMERCIAL METALS and Tenaris

Which is bigger by revenue, COMMERCIAL METALS or Tenaris?

Tenaris is bigger by revenue: $12B in fiscal 2025, against $7.8B for COMMERCIAL METALS in fiscal 2025.

Which keeps more of its revenue as profit, COMMERCIAL METALS or Tenaris?

COMMERCIAL METALS had a net margin of 1.1% in fiscal 2025; Tenaris had 16.1% in fiscal 2025.

Which grew revenue faster, COMMERCIAL METALS or Tenaris?

In their latest fiscal years revenue changed by -1.6% at COMMERCIAL METALS and -4.3% at Tenaris.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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