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Side-by-side financial comparison of COMMERCIAL METALS Co (CMC) and SailPoint, Inc. (SAIL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
COMMERCIAL METALS Co is the larger business by last-quarter revenue ($2.1B vs $281.9M, roughly 7.5× SailPoint, Inc.). COMMERCIAL METALS Co runs the higher net margin — 8.4% vs -12.8%, a 21.1% gap on every dollar of revenue. On growth, COMMERCIAL METALS Co posted the faster year-over-year revenue change (11.0% vs 6.7%). COMMERCIAL METALS Co produced more free cash flow last quarter ($78.8M vs $52.5M). Over the past eight quarters, SailPoint, Inc.'s revenue compounded faster (19.2% CAGR vs 7.1%).
Commercial Metals Company (CMC) is a company that produces rebar and related construction materials headquartered in Irving, Texas. Along with Nucor, it is one of two primary suppliers of steel used to reinforce concrete in buildings, bridges, roads, and infrastructure in the U.S. The company also owns Tensar, a producer of foundation systems used for the construction of roadways, public infrastructure, and industrial facilities.
Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi designated as Maharatna CPSE. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 51,351 employees and is under the administrative control of the Ministry of Steel.
CMC vs SAIL — Head-to-Head
Income Statement — Q1 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $281.9M |
| Net Profit | $177.3M | $-36.0M |
| Gross Margin | 19.2% | 66.3% |
| Operating Margin | 8.6% | -14.8% |
| Net Margin | 8.4% | -12.8% |
| Revenue YoY | 11.0% | 6.7% |
| Net Profit YoY | 200.9% | -240.9% |
| EPS (diluted) | $1.58 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $2.1B | $281.9M | ||
| Q3 25 | $2.1B | $264.4M | ||
| Q2 25 | $2.0B | $230.5M | ||
| Q1 25 | $1.8B | $240.1M | ||
| Q4 24 | $1.9B | $235.3M | ||
| Q3 24 | $2.0B | $198.6M | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $177.3M | $-36.0M | ||
| Q3 25 | $151.8M | $-10.6M | ||
| Q2 25 | $83.1M | $-187.3M | ||
| Q1 25 | $25.5M | $-80.1M | ||
| Q4 24 | $-175.7M | $-59.4M | ||
| Q3 24 | $103.9M | $-87.1M | ||
| Q2 24 | $119.4M | — | ||
| Q1 24 | $85.8M | — |
| Q4 25 | 19.2% | 66.3% | ||
| Q3 25 | 18.6% | 67.3% | ||
| Q2 25 | 14.8% | 55.4% | ||
| Q1 25 | 12.5% | 66.5% | ||
| Q4 24 | 16.1% | 66.9% | ||
| Q3 24 | 16.2% | 62.1% | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 16.0% | — |
| Q4 25 | 8.6% | -14.8% | ||
| Q3 25 | 9.1% | -15.4% | ||
| Q2 25 | 5.4% | -80.3% | ||
| Q1 25 | 2.1% | -12.6% | ||
| Q4 24 | -12.1% | -10.4% | ||
| Q3 24 | 6.7% | -33.2% | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 6.3% | — |
| Q4 25 | 8.4% | -12.8% | ||
| Q3 25 | 7.2% | -4.0% | ||
| Q2 25 | 4.1% | -81.3% | ||
| Q1 25 | 1.5% | -33.4% | ||
| Q4 24 | -9.2% | -25.3% | ||
| Q3 24 | 5.2% | -43.9% | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 4.6% | — |
| Q4 25 | $1.58 | $-0.06 | ||
| Q3 25 | $1.33 | $-0.02 | ||
| Q2 25 | $0.73 | $-0.42 | ||
| Q1 25 | $0.22 | $-6.50 | ||
| Q4 24 | $-1.54 | $-2.67 | ||
| Q3 24 | $0.90 | $-2.97 | ||
| Q2 24 | $1.02 | — | ||
| Q1 24 | $0.73 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $298.1M |
| Total DebtLower is stronger | $3.3B | $0 |
| Stockholders' EquityBook value | $4.3B | $6.8B |
| Total Assets | $9.2B | $7.5B |
| Debt / EquityLower = less leverage | 0.77× | 0.00× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.0B | $298.1M | ||
| Q3 25 | $1.0B | $271.1M | ||
| Q2 25 | $893.0M | $228.1M | ||
| Q1 25 | $758.4M | $121.3M | ||
| Q4 24 | $856.1M | $68.2M | ||
| Q3 24 | $857.9M | $89.7M | ||
| Q2 24 | $698.3M | — | ||
| Q1 24 | $638.3M | — |
| Q4 25 | $3.3B | $0 | ||
| Q3 25 | $1.3B | $0 | ||
| Q2 25 | $1.3B | $0 | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $4.3B | $6.8B | ||
| Q3 25 | $4.2B | $6.8B | ||
| Q2 25 | $4.1B | $6.8B | ||
| Q1 25 | $4.0B | $-5.6B | ||
| Q4 24 | $4.0B | $-754.1M | ||
| Q3 24 | $4.3B | $-701.3M | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
| Q4 25 | $9.2B | $7.5B | ||
| Q3 25 | $7.2B | $7.4B | ||
| Q2 25 | $7.0B | $7.4B | ||
| Q1 25 | $6.7B | $7.4B | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $6.7B | — |
| Q4 25 | 0.77× | 0.00× | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.32× | 0.00× | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.27× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $204.2M | $53.6M |
| Free Cash FlowOCF − Capex | $78.8M | $52.5M |
| FCF MarginFCF / Revenue | 3.7% | 18.6% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 5.9% | 0.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $296.2M | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $204.2M | $53.6M | ||
| Q3 25 | $315.2M | — | ||
| Q2 25 | $154.4M | $-96.8M | ||
| Q1 25 | $32.4M | — | ||
| Q4 24 | $213.0M | — | ||
| Q3 24 | $351.8M | — | ||
| Q2 24 | $197.9M | — | ||
| Q1 24 | $89.0M | — |
| Q4 25 | $78.8M | $52.5M | ||
| Q3 25 | $206.3M | — | ||
| Q2 25 | $65.0M | $-99.0M | ||
| Q1 25 | $-53.8M | — | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $270.3M | — | ||
| Q2 24 | $115.8M | — | ||
| Q1 24 | $-4.8M | — |
| Q4 25 | 3.7% | 18.6% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 3.2% | -43.0% | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | -0.3% | — |
| Q4 25 | 5.9% | 0.4% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.4% | 1.0% | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 5.1% | — |
| Q4 25 | 1.15× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 1.04× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CMC
| Steel Products | $670.8M | 32% |
| Downstream Products | $505.3M | 24% |
| Construction Solutions Group | $314.4M | 15% |
| Europe Steel Group | $200.0M | 9% |
| Precast Products | $141.6M | 7% |
| Construction Products | $78.4M | 4% |
| Foley Products Company LLC | $75.1M | 4% |
| Concrete Pipe And Precast LLC | $69.4M | 3% |
| Ground Stabilization Products | $49.9M | 2% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
