GGB vs. CMC

Last updated Apr 2, 2026

Compare and contrast key facts about Gerdau S.A. (GGB) and Commercial Metals Company (CMC).

Performance

GGB vs. CMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gerdau S.A. (GGB) and Commercial Metals Company (CMC). The values are adjusted to include any dividend payments, if applicable.

GGB vs. CMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGB Gerdau S.A.	3.27%	32.78%	-25.80%	-1.92%	28.40%	18.51%	-3.34%	33.07%	2.53%	18.92%
CMC Commercial Metals Company	-8.96%	41.52%	0.41%	4.99%	35.05%	79.83%	-5.45%	42.81%	-23.17%	0.33%

Fundamentals

Market Cap GGB : $7.49B CMC : $7.05B
EPS GGB : $0.69 CMC : $4.48
PE Ratio GGB : 5.46 CMC : 14.02
PS Ratio GGB : 0.11 CMC : 0.84
PB Ratio GGB : 0.14 CMC : 1.60
Total Revenue (TTM) GGB : $69.86B CMC : $8.39B
Gross Profit (TTM) GGB : $7.97B CMC : $1.49B
EBITDA (TTM) GGB : $9.29B CMC : $905.85M

Returns By Period

In the year-to-date period, GGB achieves a 3.27% return, which is significantly higher than CMC's -8.96% return. Over the past 10 years, GGB has underperformed CMC with an annualized return of 14.55%, while CMC has yielded a comparatively higher 16.16% annualized return.

GGB

• 1D: 4.99%
• 1M: -4.26%
• YTD: 3.27%
• 6M: 22.72%
• 1Y: 34.43%
• 3Y*: 1.96%
• 5Y*: 6.67%
• 10Y*: 14.55%

CMC

• 1D: 2.34%
• 1M: -14.58%
• YTD: -8.96%
• 6M: 7.22%
• 1Y: 35.02%
• 3Y*: 10.06%
• 5Y*: 16.85%
• 10Y*: 16.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GGB vs. CMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGB

GGB Risk / Return Rank: 68
GGB Sharpe Ratio Rank: 72
GGB Sortino Ratio Rank: 67
GGB Omega Ratio Rank: 63
GGB Calmar Ratio Rank: 68
GGB Martin Ratio Rank: 73

CMC

CMC Risk / Return Rank: 69
CMC Sharpe Ratio Rank: 72
CMC Sortino Ratio Rank: 66
CMC Omega Ratio Rank: 65
CMC Calmar Ratio Rank: 67
CMC Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGB vs. CMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gerdau S.A. (GGB) and Commercial Metals Company (CMC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GGB	CMC	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.94	+0.01
Sortino ratio Return per unit of downside risk	1.48	1.48	0.00
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio Return relative to maximum drawdown	1.35	1.26	+0.09
Martin ratio Return relative to average drawdown	4.11	4.56	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGB vs. CMC - Sharpe Ratio Comparison

The current GGB Sharpe Ratio is 0.94, which is comparable to the CMC Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of GGB and CMC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GGB	CMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.94	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.48	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.41	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.35	-0.07

Correlation

The correlation between GGB and CMC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GGB vs. CMC - Dividend Comparison

GGB's dividend yield for the trailing twelve months is around 3.02%, more than CMC's 0.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGB Gerdau S.A.	3.02%	3.05%	5.07%	6.63%	12.79%	11.48%	1.33%	1.48%	1.60%	0.34%	0.38%	4.15%
CMC Commercial Metals Company	0.86%	1.04%	1.41%	1.28%	1.20%	1.38%	2.34%	2.16%	3.00%	2.25%	2.20%	3.51%

Drawdowns

GGB vs. CMC - Drawdown Comparison

The maximum GGB drawdown since its inception was -96.39%, which is greater than CMC's maximum drawdown of -83.77%. Use the drawdown chart below to compare losses from any high point for GGB and CMC.

Drawdown Indicators

	GGB	CMC	Difference
Max Drawdown Largest peak-to-trough decline	-96.39%	-83.77%	-12.62%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-29.96%	+1.68%
Max Drawdown (5Y) Largest decline over 5 years	-51.23%	-37.63%	-13.60%
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	-53.78%	-13.77%
Current Drawdown Current decline from peak	-66.14%	-24.44%	-41.70%
Average Drawdown Average peak-to-trough decline	-52.27%	-23.56%	-28.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.29%	8.30%	+0.99%

Volatility

GGB vs. CMC - Volatility Comparison

The current volatility for Gerdau S.A. (GGB) is 11.76%, while Commercial Metals Company (CMC) has a volatility of 13.08%. This indicates that GGB experiences smaller price fluctuations and is considered to be less risky than CMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGB	CMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.76%	13.08%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	24.20%	25.93%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	36.87%	37.67%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.18%	35.56%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.33%	39.65%	+8.68%

Financials

GGB vs. CMC - Profitability Comparison

The chart below illustrates the profitability comparison between Gerdau S.A. and Commercial Metals Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GGB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Gerdau S.A. reported a gross profit of 1.85B and revenue of 16.97B. Therefore, the gross margin over that period was 10.9%.

CMC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Commercial Metals Company reported a gross profit of 387.91M and revenue of 2.13B. Therefore, the gross margin over that period was 18.2%.

GGB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Gerdau S.A. reported an operating income of 1.34B and revenue of 16.97B, resulting in an operating margin of 7.9%.

CMC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Commercial Metals Company reported an operating income of 154.74M and revenue of 2.13B, resulting in an operating margin of 7.3%.

GGB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Gerdau S.A. reported a net income of -1.30B and revenue of 16.97B, resulting in a net margin of -7.7%.

CMC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Commercial Metals Company reported a net income of 93.03M and revenue of 2.13B, resulting in a net margin of 4.4%.