vs

Side-by-side financial comparison of COMMERCIAL METALS Co (CMC) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

COMMERCIAL METALS Co is the larger business by last-quarter revenue ($2.1B vs $2.1B, roughly 1.0× Zimmer Biomet). Zimmer Biomet runs the higher net margin — 11.4% vs 8.4%, a 3.1% gap on every dollar of revenue. On growth, COMMERCIAL METALS Co posted the faster year-over-year revenue change (11.0% vs 9.3%). Zimmer Biomet produced more free cash flow last quarter ($245.9M vs $78.8M). Over the past eight quarters, COMMERCIAL METALS Co's revenue compounded faster (7.1% CAGR vs 3.7%).

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.

Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

CMC vs ZBH — Head-to-Head

Bigger by revenue
CMC
CMC
1.0× larger
CMC
$2.1B
$2.1B
ZBH
Growing faster (revenue YoY)
CMC
CMC
+1.7% gap
CMC
11.0%
9.3%
ZBH
Higher net margin
ZBH
ZBH
3.1% more per $
ZBH
11.4%
8.4%
CMC
More free cash flow
ZBH
ZBH
$167.2M more FCF
ZBH
$245.9M
$78.8M
CMC
Faster 2-yr revenue CAGR
CMC
CMC
Annualised
CMC
7.1%
3.7%
ZBH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CMC
CMC
ZBH
ZBH
Revenue
$2.1B
$2.1B
Net Profit
$177.3M
$238.3M
Gross Margin
19.2%
64.6%
Operating Margin
8.6%
17.9%
Net Margin
8.4%
11.4%
Revenue YoY
11.0%
9.3%
Net Profit YoY
200.9%
30.5%
EPS (diluted)
$1.58
$1.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMC
CMC
ZBH
ZBH
Q1 26
$2.1B
Q4 25
$2.1B
$2.2B
Q3 25
$2.1B
$2.0B
Q2 25
$2.0B
$2.1B
Q1 25
$1.8B
$1.9B
Q4 24
$1.9B
$2.0B
Q3 24
$2.0B
$1.8B
Q2 24
$2.1B
$1.9B
Net Profit
CMC
CMC
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$177.3M
$139.4M
Q3 25
$151.8M
$230.9M
Q2 25
$83.1M
$152.8M
Q1 25
$25.5M
$182.0M
Q4 24
$-175.7M
$239.5M
Q3 24
$103.9M
$249.1M
Q2 24
$119.4M
$242.8M
Gross Margin
CMC
CMC
ZBH
ZBH
Q1 26
64.6%
Q4 25
19.2%
64.7%
Q3 25
18.6%
72.1%
Q2 25
14.8%
71.5%
Q1 25
12.5%
71.2%
Q4 24
16.1%
71.0%
Q3 24
16.2%
70.5%
Q2 24
16.4%
71.5%
Operating Margin
CMC
CMC
ZBH
ZBH
Q1 26
17.9%
Q4 25
8.6%
6.9%
Q3 25
9.1%
17.6%
Q2 25
5.4%
14.4%
Q1 25
2.1%
15.3%
Q4 24
-12.1%
19.2%
Q3 24
6.7%
15.3%
Q2 24
7.7%
18.1%
Net Margin
CMC
CMC
ZBH
ZBH
Q1 26
11.4%
Q4 25
8.4%
6.2%
Q3 25
7.2%
11.5%
Q2 25
4.1%
7.4%
Q1 25
1.5%
9.5%
Q4 24
-9.2%
11.8%
Q3 24
5.2%
13.7%
Q2 24
5.7%
12.5%
EPS (diluted)
CMC
CMC
ZBH
ZBH
Q1 26
$1.22
Q4 25
$1.58
$0.71
Q3 25
$1.33
$1.16
Q2 25
$0.73
$0.77
Q1 25
$0.22
$0.91
Q4 24
$-1.54
$1.18
Q3 24
$0.90
$1.23
Q2 24
$1.02
$1.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMC
CMC
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$1.0B
$424.2M
Total DebtLower is stronger
$3.3B
$7.5B
Stockholders' EquityBook value
$4.3B
$12.7B
Total Assets
$9.2B
$22.7B
Debt / EquityLower = less leverage
0.77×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMC
CMC
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$1.0B
$591.9M
Q3 25
$1.0B
$1.3B
Q2 25
$893.0M
$556.9M
Q1 25
$758.4M
$1.4B
Q4 24
$856.1M
$525.5M
Q3 24
$857.9M
$569.0M
Q2 24
$698.3M
$420.1M
Total Debt
CMC
CMC
ZBH
ZBH
Q1 26
$7.5B
Q4 25
$3.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.1B
Stockholders' Equity
CMC
CMC
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$4.3B
$12.7B
Q3 25
$4.2B
$12.8B
Q2 25
$4.1B
$12.5B
Q1 25
$4.0B
$12.4B
Q4 24
$4.0B
$12.5B
Q3 24
$4.3B
$12.4B
Q2 24
$4.3B
$12.7B
Total Assets
CMC
CMC
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$9.2B
$23.1B
Q3 25
$7.2B
$23.5B
Q2 25
$7.0B
$22.9B
Q1 25
$6.7B
$22.2B
Q4 24
$6.8B
$21.4B
Q3 24
$6.8B
$21.7B
Q2 24
$6.7B
$21.5B
Debt / Equity
CMC
CMC
ZBH
ZBH
Q1 26
0.59×
Q4 25
0.77×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.29×
Q4 24
0.29×
Q3 24
0.27×
Q2 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMC
CMC
ZBH
ZBH
Operating Cash FlowLast quarter
$204.2M
$359.4M
Free Cash FlowOCF − Capex
$78.8M
$245.9M
FCF MarginFCF / Revenue
3.7%
11.8%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
1.15×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$296.2M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMC
CMC
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$204.2M
$517.4M
Q3 25
$315.2M
$418.7M
Q2 25
$154.4M
$378.2M
Q1 25
$32.4M
$382.8M
Q4 24
$213.0M
$506.3M
Q3 24
$351.8M
$395.7M
Q2 24
$197.9M
$369.4M
Free Cash Flow
CMC
CMC
ZBH
ZBH
Q1 26
$245.9M
Q4 25
$78.8M
$442.6M
Q3 25
$206.3M
$363.7M
Q2 25
$65.0M
$328.1M
Q1 25
$-53.8M
$338.2M
Q4 24
$94.8M
$454.8M
Q3 24
$270.3M
$351.2M
Q2 24
$115.8M
$316.7M
FCF Margin
CMC
CMC
ZBH
ZBH
Q1 26
11.8%
Q4 25
3.7%
19.7%
Q3 25
9.8%
18.2%
Q2 25
3.2%
15.8%
Q1 25
-3.1%
17.7%
Q4 24
5.0%
22.5%
Q3 24
13.5%
19.3%
Q2 24
5.6%
16.3%
Capex Intensity
CMC
CMC
ZBH
ZBH
Q1 26
Q4 25
5.9%
3.3%
Q3 25
5.2%
2.7%
Q2 25
4.4%
2.4%
Q1 25
4.9%
2.3%
Q4 24
6.2%
2.5%
Q3 24
4.1%
2.4%
Q2 24
3.9%
2.7%
Cash Conversion
CMC
CMC
ZBH
ZBH
Q1 26
1.51×
Q4 25
1.15×
3.71×
Q3 25
2.08×
1.81×
Q2 25
1.86×
2.48×
Q1 25
1.27×
2.10×
Q4 24
2.11×
Q3 24
3.39×
1.59×
Q2 24
1.66×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMC
CMC

Steel Products$670.8M32%
Downstream Products$505.3M24%
Construction Solutions Group$314.4M15%
Europe Steel Group$200.0M9%
Precast Products$141.6M7%
Construction Products$78.4M4%
Foley Products Company LLC$75.1M4%
Concrete Pipe And Precast LLC$69.4M3%
Ground Stabilization Products$49.9M2%

ZBH
ZBH

Segment breakdown not available.

Related Comparisons