Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Metal Fabrication Stocks

Metal Fabrication: Commercial Metals Company owns the largest revenue base; Tredegar Corporation has the fastest current growth.

The industry itself · before any single company

How has Metal Fabrication moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 63% ahead of S&P 500. Earnings across its companies grew 35% on average over the last four reported quarters.

TURNING · ahead 3wPrice and the fundamentals both up6 of 12 companies ahead of S&P 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS ↑3w · 8/12 >200d (+4) · 6/12 lead (+2) · EPS 8/12↑

200500202620252024202320222021 649348 TRAILING 12-MONTH EPS · 100 AT THE START0100110Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 10 reportingSep 2022 · trailing 12-month earnings per share at 110, against 100 at the start · no comparable year yet · 11 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 10 reportingMar 2023 · trailing 12-month earnings per share at 75, against 100 at the start · down 35.1% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 82, against 100 at the start · down 27.7% on a year ago · 10 reportingSep 2023 · trailing 12-month earnings per share at 80, against 100 at the start · down 25.5% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 81, against 100 at the start · down 8.5% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 70, against 100 at the start · down 16.3% on a year ago · 10 reportingJun 2024 · trailing 12-month earnings per share at 65, against 100 at the start · down 20.7% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 33, against 100 at the start · down 34.4% on a year ago · 10 reportingDec 2024 · trailing 12-month earnings per share at 16, against 100 at the start · down 9.3% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 16, against 100 at the start · down 14.3% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 28, against 100 at the start · up 8.7% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 34, against 100 at the start · up 8.6% on a year ago · 10 reportingDec 2025 · trailing 12-month earnings per share at 50, against 100 at the start · up 29.4% on a year ago · 11 reportingMar 2026 · trailing 12-month earnings per share at 43, against 100 at the start · up 39.2% on a year ago · 9 reportingJun 2026 · trailing 12-month earnings per share at 60, against 100 at the start · up 64.4% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two60No earnings on file this far back — the price series reaches further than the filings do
200500202620252024202320222021 649348 TRAILING 12-MONTH EPS · 100 AT THE START0100110Jun 22Jun 23Jun 24Jun 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 10 reportingSep 2022 · trailing 12-month earnings per share at 110, against 100 at the start · no comparable year yet · 11 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · no comparable year yet · 10 reportingMar 2023 · trailing 12-month earnings per share at 75, against 100 at the start · down 35.1% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 82, against 100 at the start · down 27.7% on a year ago · 10 reportingSep 2023 · trailing 12-month earnings per share at 80, against 100 at the start · down 25.5% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 81, against 100 at the start · down 8.5% on a year ago · 11 reportingMar 2024 · trailing 12-month earnings per share at 70, against 100 at the start · down 16.3% on a year ago · 10 reportingJun 2024 · trailing 12-month earnings per share at 65, against 100 at the start · down 20.7% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 33, against 100 at the start · down 34.4% on a year ago · 10 reportingDec 2024 · trailing 12-month earnings per share at 16, against 100 at the start · down 9.3% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 16, against 100 at the start · down 14.3% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 28, against 100 at the start · up 8.7% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 34, against 100 at the start · up 8.6% on a year ago · 10 reportingDec 2025 · trailing 12-month earnings per share at 50, against 100 at the start · up 29.4% on a year ago · 11 reportingMar 2026 · trailing 12-month earnings per share at 43, against 100 at the start · up 39.2% on a year ago · 9 reportingJun 2026 · trailing 12-month earnings per share at 60, against 100 at the start · up 64.4% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Metal Fabrication, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broadening down the ladderHow much of the industry is participating, how recently, and whether the movers score well.
Together6 of 12 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score −2 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 2/30
Mid 0/40
Small 4/5+2

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Metal Fabrication outperforming S&P 500?

Metal Fabrication has outperformed S&P 500 by 26.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.6%. 7 of 12 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Carpenter Technology Corporation is the strongest against the sector itself at +27.4%.

+3.6%Sector vs S&P 500 · 13 weeks
+26.7%Sector vs S&P 500 · 52 weeks
7/12Stocks leading S&P 500
6/12Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Metal Fabrication has outperformed S&P 500 by 26.7% over 52 weeks and 3.6% over 13 weeks. 7 of 12 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 12 beat the sector itself. Commercial Metals Company leads with revenue of $8,850 million, based on 9 of 14 comparable companies through Jun 2026.

Is the Metal Fabrication sector outperforming S&P 500?

Metal Fabrication has outperformed S&P 500 by 26.7% over 52 weeks and 3.6% over 13 weeks. 7 of 12 covered companies beat the S&P 500 on Mansfield relative strength, while 6 of 12 beat the sector itself.

Which Metal Fabrication company is largest by revenue?

Commercial Metals Company leads with revenue of $8,850 million, based on 9 of 14 comparable companies through Jun 2026.

Which Metal Fabrication company is growing fastest?

Tredegar Corporation has the fastest current revenue growth at 20.2%, across 9 of 14 comparable companies.

Which Metal Fabrication company has the strongest 4-Factor Sector Score?

Carpenter Technology Corporation ranks first at 66.1/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Metal Fabrication company reports the most CAPEX?

Commercial Metals Company reports the largest latest CAPEX at $156 million, with 12 of 14 companies comparable.

Which Metal Fabrication company has the least gross debt?

Insteel Industries Inc. has the lowest comparable gross debt at $0 million. Commercial Metals Company has the highest at $3,400 million.

Which Metal Fabrication company has the lowest comparable PEG?

Tredegar Corporation has the lowest comparable Guarded PEG at 0.26, among 5 of 14 companies that pass the metric’s comparability rules.

How much history does this Metal Fabrication comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
14
complete canonical membership
Combined market value
$89.6B
Carpenter Technology Corporation
Revenue growing
8/9
positive TTM year-on-year growth
Beating S&P 500
7/12
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Carpenter Technology Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
ATI Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Carpenter Technology Corporation · CRS

66.1/100 · Favorable setup · 82% evidence

Exact sum: 20.5 + 14.8 + 10.8 + 20 = 66.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.5/35Growth & earnings

Revenue 3.7% · PAT 34.1% · OPM change 4 pp

83% evidence

14.8/25Capital efficiency

ROCE 6.1% · debt/equity 0.33×

80% evidence

10.8/20Valuation

P/E 41.3× · PEG 1.2

65% evidence

20.0/20Relative strength

RS sector 27.4% · RS bench 40.3% · 1Y 117.4%

100% evidence

2. Worthington Enterprises, Inc. · WOR

64.5/100 · Mixed-positive evidence · 86% evidence

Exact sum: 31.6 + 11 + 14.1 + 7.8 = 64.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

31.6/35Growth & earnings

Revenue 19.7% · PAT 63.2% · OPM change 15.8 pp

95% evidence

11.0/25Capital efficiency

ROCE 1.5% · debt/equity 0.34×

80% evidence

14.1/20Valuation

P/E 18.1× · PEG 0.37

65% evidence

7.8/20Relative strength

RS sector -16.5% · RS bench -5.5% · 1Y -7%

100% evidence

3. Commercial Metals Company · CMC

56.8/100 · Mixed-positive evidence · 76% evidence

Exact sum: 28 + 12.5 + 11 + 5.3 = 56.8

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.4% and the one-year return is 40.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

28.0/35Growth & earnings

Revenue 15.2% · PAT 100% · OPM change 3.2 pp

95% evidence

12.5/25Capital efficiency

ROCE 3.2% · debt/equity 0.75×

80% evidence

11.0/20Valuation

P/E 14.3× · PEG —

15% evidence

5.3/20Relative strength

RS sector -11.4% · RS bench -0.9% · 1Y 40.2%

100% evidence

4. Proto Labs, Inc. · PRLB

55.6/100 · Mixed-positive evidence · 82% evidence

Exact sum: 21.8 + 11.8 + 8 + 14 = 55.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.8/35Growth & earnings

Revenue 9% · PAT 56.3% · OPM change 3.5 pp

83% evidence

11.8/25Capital efficiency

ROCE 1.4% · debt/equity 0×

80% evidence

8.0/20Valuation

P/E 53.8× · PEG 1.63

65% evidence

14.0/20Relative strength

RS sector 5.7% · RS bench 17.5% · 1Y 73.4%

100% evidence

5. Mueller Industries, Inc. · MLI

54.2/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.5 + 18.1 + 10.4 + 6.2 = 54.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.5/35Growth & earnings

Revenue — · PAT — · OPM change 5.6 pp

45% evidence

18.1/25Capital efficiency

ROCE 9.3% · debt/equity 0.01×

80% evidence

10.4/20Valuation

P/E 16.7× · PEG —

15% evidence

6.2/20Relative strength

RS sector -4.1% · RS bench 7.2% · 1Y 59.6%

100% evidence

6. Tredegar Corporation · TG

53.7/100 · Mixed-positive evidence · 69% evidence

Exact sum: 22.8 + 10.6 + 16.5 + 3.8 = 53.7

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.4% and the one-year return is -10.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

22.8/35Growth & earnings

Revenue 20.2% · PAT — · OPM change 2 pp

62% evidence

10.6/25Capital efficiency

ROCE 2.3% · debt/equity 0.26×

80% evidence

16.5/20Valuation

P/E 9.5× · PEG 0.26

65% evidence

3.8/20Relative strength

RS sector -22.4% · RS bench -12.7% · 1Y -10.2%

70% evidence

7. ATI Inc. · ATI

47.6/100 · Mixed-negative evidence · 82% evidence

Exact sum: 13.8 + 12.4 + 4 + 17.4 = 47.6

Decision use: Price leads the evidence: RS versus the benchmark is 34.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

13.8/35Growth & earnings

Revenue 3% · PAT 5.8% · OPM change 1.4 pp

83% evidence

12.4/25Capital efficiency

ROCE 4% · debt/equity 0.97×

80% evidence

4.0/20Valuation

P/E 46.5× · PEG 4.94

65% evidence

17.4/20Relative strength

RS sector 22.7% · RS bench 34.4% · 1Y 143.7%

100% evidence

8. Ryerson Holding Corporation · RYZ

45.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.5 + 6.3 + 8.5 + 12.3 = 45.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.5/35Growth & earnings

Revenue 11.3% · PAT -1650% · OPM change 1.3 pp

62% evidence

6.3/25Capital efficiency

ROCE 1% · debt/equity 1×

80% evidence

8.5/20Valuation

P/E 109.3× · PEG —

15% evidence

12.3/20Relative strength

RS sector 3.1% · RS bench 15.4% · 1Y 50.3%

70% evidence

9. Insteel Industries Inc. · IIIN

43.8/100 · Thin evidence · provisional · 53% evidence

Exact sum: 13.8 + 14.6 + 10.7 + 4.7 = 43.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.8/35Growth & earnings

Revenue — · PAT — · OPM change -4.2 pp

45% evidence

14.6/25Capital efficiency

ROCE 3% · debt/equity 0×

80% evidence

10.7/20Valuation

P/E 16.4× · PEG —

15% evidence

4.7/20Relative strength

RS sector -18.5% · RS bench -7.5% · 1Y -7.6%

70% evidence

10. ESAB Corporation · ESAB

39.2/100 · Thin evidence · provisional · 57% evidence

Exact sum: 15.5 + 11.6 + 9.6 + 2.5 = 39.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.5/35Growth & earnings

Revenue — · PAT — · OPM change -4.1 pp

39% evidence

11.6/25Capital efficiency

ROCE 2.1% · debt/equity 0.91×

80% evidence

9.6/20Valuation

P/E 28.8× · PEG —

15% evidence

2.5/20Relative strength

RS sector -32.5% · RS bench -23.5% · 1Y -31.6%

100% evidence

11. Ampco-Pittsburgh Corporation · AP

39.1/100 · Mixed-negative evidence · 66% evidence

Exact sum: 9.5 + 3.1 + 11.2 + 15.3 = 39.1

Decision use: Price leads the evidence: RS versus the benchmark is 27.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

9.5/35Growth & earnings

Revenue 6.1% · PAT -1042.9% · OPM change -1.4 pp

83% evidence

3.1/25Capital efficiency

ROCE -0.7% · debt/equity 2.9×

80% evidence

11.2/20Valuation

P/E 9.9× · PEG —

15% evidence

15.3/20Relative strength

RS sector 18.8% · RS bench 27.2% · 1Y 165.5%

70% evidence

12. Mayville Engineering Company, Inc. · MEC

36.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 8.2 + 4.3 + 9.9 + 14.5 = 36.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

8.2/35Growth & earnings

Revenue -0.2% · PAT -169.6% · OPM change -6.5 pp

62% evidence

4.3/25Capital efficiency

ROCE -1.8% · debt/equity 1.05×

80% evidence

9.9/20Valuation

P/E 23.7× · PEG —

15% evidence

14.5/20Relative strength

RS sector 14.7% · RS bench 26.1% · 1Y 69.6%

70% evidence

13. Xinxu Copper Industry Technology Limited · XXC

53.4/100 · Thin evidence · provisional · 9% evidence

Exact sum: 17.5 + 15.9 + 10 + 10 = 53.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.5/35Growth & earnings

Revenue — · PAT — · OPM change —

0% evidence

15.9/25Capital efficiency

ROCE 18.1% · debt/equity —

34% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

14. Nintech Mould Factory Inc. · NTMJ

52.1/100 · Thin evidence · provisional · 9% evidence

Exact sum: 17.5 + 14.6 + 10 + 10 = 52.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.5/35Growth & earnings

Revenue — · PAT — · OPM change —

0% evidence

14.6/25Capital efficiency

ROCE 14% · debt/equity —

34% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Commercial Metals Company has the highest Revenue among the 14 Metal Fabrication companies compared here, at $8,850 million. Ryerson Holding Corporation is next at $5,003 million. Tredegar Corporation has the highest Revenue growth at 20.2%, so level and change sit with different companies. 9 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Commercial Metals Company is the scale leader at $8,850 million, 76.9% ahead of Ryerson Holding Corporation. Tredegar Corporation's growth is 20.2% from a $744 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCommercial Metals Company · $8,850 million
Gap76.9% versus #2 · Ryerson Holding Corporation
Persistence4/8 recent comparable periods
Coverage9/14 companies · 224 observations

Investor read: Commercial Metals Company is the scale benchmark; Tredegar Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Commercial Metals Company's growth falls below Tredegar Corporation's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Commercial Metals Company CMC$8.9B
2Ryerson Holding Corporation RYZ$5.0B
3ATI Inc. ATI$4.6B
4Carpenter Technology Corporation CRS$3.0B
5Worthington Enterprises, Inc. WOR$1.4B
Revenue growthfastest growers
1Tredegar Corporation TG20%
2Worthington Enterprises, Inc. WOR20%
3Commercial Metals Company CMC15%
4Ryerson Holding Corporation RYZ11%
5Proto Labs, Inc. PRLB9.0%
Revenue · company comparison
9/14 level · 9/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Commercial Metals Company CMC$2.5B23%Jun 2026
Ryerson Holding Corporation RYZ$1.6B38%Mar 2026
Mueller Industries, Inc. MLI$1.2B19%Jun 2026
ATI Inc. ATI$1.2B0.7%Mar 2026
Carpenter Technology Corporation CRS$812M12%Mar 2026
ESAB Corporation ESAB$746M10%Jun 2026
Worthington Enterprises, Inc. WOR$371M17%Jun 2026
Tredegar Corporation TG$186M13%Mar 2026
Insteel Industries Inc. IIIN$173M7.5%Jun 2026
Mayville Engineering Company, Inc. MEC$145M6.6%Mar 2026
Proto Labs, Inc. PRLB$139M10%Mar 2026
Ampco-Pittsburgh Corporation AP$103M4.0%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Ampco-Pittsburgh Corporation · AP

$79M
$88M
$92M
$100M
$97M
$91M
$102M
$107M
$102M
$104M
$110M
$107M
$92M
$98M
$99M
$109M
$104M
$104M
$103M

ATI Inc. · ATI

$726M
$765M
$960M
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.1B
$1.1B
$1.2B
$1.1B
$1.1B
$1.1B
$1.2B
$1.2B

Carpenter Technology Corporation · CRS

$388M
$396M
$489M
$564M
$523M
$579M
$690M
$758M
$652M
$624M
$685M
$799M
$718M
$677M
$727M
$756M
$734M
$728M
$812M

Commercial Metals Company · CMC

$2.0B
$2.0B
$2.0B
$2.5B
$2.4B
$2.2B
$2.0B
$2.3B
$2.2B
$2.0B
$1.8B
$2.1B
$2.0B
$1.9B
$1.8B
$2.0B
$2.1B
$2.1B
$2.1B
$2.5B

ESAB Corporation · ESAB

$630M
$606M
$648M
$661M
$664M
$684M
$720M
$681M
$689M
$690M
$707M
$673M
$671M
$678M
$716M
$728M
$746M

Insteel Industries Inc. · IIIN

$161M
$171M
$178M
$213M
$227M
$208M
$159M
$166M
$122M
$127M
$146M
$134M
$130M
$161M
$180M
$177M
$160M
$173M

Mayville Engineering Company, Inc. · MEC

$109M
$113M
$136M
$138M
$136M
$129M
$143M
$139M
$158M
$149M
$161M
$164M
$135M
$121M
$136M
$132M
$144M
$134M
$145M

Mueller Industries, Inc. · MLI

$982M
$956M
$1.0B
$1.2B
$945M
$878M
$971M
$897M
$732M
$850M
$998M
$998M
$924M
$1.0B
$1.1B
$1.1B
$962M
$1.2B

Proto Labs, Inc. · PRLB

$125M
$124M
$124M
$127M
$122M
$116M
$126M
$122M
$131M
$125M
$128M
$126M
$126M
$122M
$126M
$135M
$135M
$136M
$139M

Ryerson Holding Corporation · RYZ

$1.6B
$1.5B
$1.7B
$1.7B
$1.5B
$1.3B
$1.4B
$1.3B
$1.2B
$1.1B
$1.2B
$1.2B
$1.1B
$1.0B
$1.1B
$1.2B
$1.2B
$1.1B
$1.6B

Tredegar Corporation · TG

$210M
$221M
$237M
$274M
$238M
$189M
$191M
$178M
$166M
$38M
$144M
$154M
$146M
$154M
$165M
$179M
$195M
$184M
$186M

Worthington Enterprises, Inc. · WOR

$1.1B
$1.2B
$1.4B
$1.5B
$1.4B
$1.2B
$346M
$369M
$312M
$298M
$317M
$319M
$257M
$274M
$305M
$318M
$304M
$327M
$379M
$371M

Revenue growth · reported quarter history

Ampco-Pittsburgh Corporation · AP

11%
23%
3.4%
11%
7.0%
5.2%
14%
7.8%
0.0%
-9.8%
-5.8%
-10%
1.9%
13%
6.1%
4.0%

ATI Inc. · ATI

56%
42%
32%
8.1%
1.4%
3.3%
5.5%
0.5%
14%
9.7%
4.1%
7.1%
0.3%
0.7%

Carpenter Technology Corporation · CRS

34%
35%
46%
41%
34%
25%
7.8%
-0.7%
5.4%
10%
8.5%
6.1%
-5.4%
2.2%
7.5%
12%

Commercial Metals Company · CMC

19%
12%
0.5%
-6.8%
-8.2%
-10%
-8.4%
-11%
-9.6%
-4.6%
-5.1%
-2.8%
6.0%
11%
22%
23%

ESAB Corporation · ESAB

4.9%
9.6%
11%
3.0%
3.8%
0.9%
-1.8%
-1.2%
-2.6%
-4.1%
6.4%
8.5%
10%

Insteel Industries Inc. · IIIN

41%
22%
-25%
-27%
-41%
-8.2%
-19%
6.6%
27%
23%
32%
23%
7.5%

Mayville Engineering Company, Inc. · MEC

15%
25%
14%
5.2%
0.7%
16%
16%
13%
18%
-15%
-19%
-16%
-20%
6.7%
11%
6.6%

Mueller Industries, Inc. · MLI

14%
-3.8%
-8.2%
-16%
-5.1%
-17%
2.8%
11%
26%
18%
14%
8.0%
4.1%
19%

Proto Labs, Inc. · PRLB

3.3%
-2.4%
-6.5%
1.6%
-3.9%
7.4%
7.8%
1.6%
3.3%
-3.8%
-2.4%
-1.6%
7.1%
7.1%
11%
10%

Ryerson Holding Corporation · RYZ

23%
-2.0%
-16%
-20%
-23%
-19%
-14%
-12%
-8.8%
-9.6%
-9.4%
-8.3%
-4.7%
3.1%
9.7%
38%

Tredegar Corporation · TG

30%
13%
-14%
-19%
-35%
-30%
-80%
-25%
-13%
-12%
305%
15%
16%
34%
19%
13%

Worthington Enterprises, Inc. · WOR

27%
-4.6%
-75%
-76%
-78%
-75%
-8.4%
-14%
-18%
-8.1%
-3.8%
-0.3%
18%
19%
24%
17%
02 · compare level, then change

Operating Economics & Margin Trend

Mueller Industries, Inc. has the highest OPM among the 14 Metal Fabrication companies compared here, at 26.2%. Carpenter Technology Corporation is next at 23%. Worthington Enterprises, Inc. has the highest Margin change at +15.8 percentage points, so level and change sit with different companies. 12 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Mueller Industries, Inc. leads opm at 26.2%; Worthington Enterprises, Inc. leads margin change at +15.8 percentage points.

LeaderMueller Industries, Inc. · 26.2%
Gap13.9% versus #2 · Carpenter Technology Corporation
Persistence3/8 recent comparable periods
Coverage12/14 companies · 224 observations

Investor read: Mueller Industries, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Mueller Industries, Inc. MLI26%
2Carpenter Technology Corporation CRS23%
3ATI Inc. ATI14%
4ESAB Corporation ESAB12%
5Commercial Metals Company CMC9.2%
Margin changefastest expanders
1Worthington Enterprises, Inc. WOR+15.8 pp
2Mueller Industries, Inc. MLI+5.6 pp
3Carpenter Technology Corporation CRS+4.0 pp
4Proto Labs, Inc. PRLB+3.5 pp
5Commercial Metals Company CMC+3.2 pp
Operating margin · company comparison
12/14 level · 12/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Mueller Industries, Inc. MLI26%+5.6 ppJun 2026
Carpenter Technology Corporation CRS23%+4.0 ppMar 2026
ATI Inc. ATI14%+1.4 ppMar 2026
ESAB Corporation ESAB12%−4.1 ppJun 2026
Commercial Metals Company CMC9.2%+3.2 ppJun 2026
Proto Labs, Inc. PRLB7.1%+3.5 ppMar 2026
Worthington Enterprises, Inc. WOR6.2%+15.8 ppJun 2026
Insteel Industries Inc. IIIN3.9%−4.2 ppJun 2026
Tredegar Corporation TG3.4%+2.0 ppMar 2026
Ryerson Holding Corporation RYZ1.5%+1.3 ppMar 2026
Ampco-Pittsburgh Corporation AP-2.6%−1.4 ppMar 2026
Mayville Engineering Company, Inc. MEC-5.3%−6.5 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Ampco-Pittsburgh Corporation · AP

-6.3%
-3.2%
-2.9%
-0.2%
-2.3%
-2.2%
-0.4%
2.8%
1.7%
-44%
-0.1%
1.0%
-2.4%
-2.3%
-1.2%
-6.7%
-3.0%
-6.7%
-2.6%

ATI Inc. · ATI

4.1%
8.8%
-1.2%
11%
14%
11%
12%
12%
11%
13%
14%
18%
13%
14%
14%
15%
14%

Carpenter Technology Corporation · CRS

-4.9%
-8.0%
0.2%
4.4%
1.6%
3.9%
5.7%
8.3%
11%
11%
11%
14%
16%
18%
19%
20%
21%
21%
23%

Commercial Metals Company · CMC

10%
14%
13%
17%
15%
16%
12%
14%
11%
12%
7.0%
8.3%
7.6%
-12%
2.7%
6.0%
9.9%
9.8%
7.1%
9.2%

ESAB Corporation · ESAB

13%
13%
13%
13%
12%
13%
15%
15%
15%
16%
17%
16%
17%
16%
15%
15%
12%

Insteel Industries Inc. · IIIN

15%
19%
17%
23%
22%
15%
3.7%
7.5%
-0.1%
6.1%
5.1%
3.5%
0.5%
8.1%
11%
11%
5.8%
3.9%

Mayville Engineering Company, Inc. · MEC

0.8%
-15%
4.1%
6.1%
6.5%
2.2%
3.3%
3.1%
3.7%
3.6%
4.7%
5.0%
4.2%
19%
1.2%
0.1%
0.0%
-4.1%
-5.3%

Mueller Industries, Inc. · MLI

24%
18%
21%
23%
22%
22%
24%
24%
19%
22%
21%
21%
18%
21%
27%
26%
18%
26%

Proto Labs, Inc. · PRLB

5.5%
11%
6.4%
4.1%
5.0%
1.2%
3.0%
4.6%
8.0%
6.7%
5.3%
4.8%
6.8%
-1.2%
3.6%
3.7%
6.5%
5.5%
7.1%

Ryerson Holding Corporation · RYZ

12%
9.7%
13%
16%
5.5%
-2.1%
5.0%
4.3%
4.5%
3.9%
0.1%
1.9%
0.5%
0.3%
0.2%
0.5%
-0.1%
-3.1%
1.5%

Tredegar Corporation · TG

4.1%
4.4%
7.7%
7.4%
1.3%
-2.6%
0.7%
-11%
-36%
-166%
4.3%
6.5%
-0.9%
3.2%
1.4%
1.8%
5.1%
6.3%
3.4%

Worthington Enterprises, Inc. · WOR

12%
7.3%
2.7%
4.3%
4.7%
-0.6%
1.2%
4.1%
-2.3%
-4.8%
1.4%
-18%
-1.8%
1.3%
6.9%
-9.6%
3.0%
3.7%
8.3%
6.2%

Margin change · reported quarter history

Ampco-Pittsburgh Corporation · AP

+1.5 pp
+4.0 pp
+1.0 pp
+2.5 pp
+3.0 pp
+4.0 pp
−42.0 pp
+0.3 pp
−1.8 pp
−4.1 pp
+41.9 pp
−1.1 pp
−7.7 pp
−0.6 pp
−4.4 pp
−1.4 pp

ATI Inc. · ATI

+0.6 pp
+6.9 pp
+4.8 pp
+12.0 pp
+0.5 pp
−2.6 pp
+2.2 pp
+2.0 pp
+5.6 pp
+1.8 pp
+1.1 pp
+0.9 pp
−3.3 pp
+1.4 pp

Carpenter Technology Corporation · CRS

+21.2 pp
+6.5 pp
+11.9 pp
+5.5 pp
+3.9 pp
+9.0 pp
+7.3 pp
+5.4 pp
+5.3 pp
+5.2 pp
+6.4 pp
+7.9 pp
+6.4 pp
+5.1 pp
+3.7 pp
+4.0 pp

Commercial Metals Company · CMC

+4.6 pp
+2.0 pp
−1.0 pp
−3.0 pp
−3.4 pp
−4.0 pp
−5.2 pp
−5.3 pp
−3.7 pp
−23.3 pp
−4.3 pp
−2.3 pp
+2.3 pp
+21.3 pp
+4.4 pp
+3.2 pp

ESAB Corporation · ESAB

−0.1 pp
−1.2 pp
+2.2 pp
+1.9 pp
+3.2 pp
+2.7 pp
+1.8 pp
+0.8 pp
+1.6 pp
−0.7 pp
−0.5 pp
−2.0 pp
−4.1 pp

Insteel Industries Inc. · IIIN

+7.1 pp
−3.9 pp
−19.5 pp
−14.4 pp
−15.2 pp
+1.4 pp
−4.0 pp
+0.6 pp
+2.0 pp
+5.6 pp
+7.1 pp
+5.3 pp
−4.2 pp

Mayville Engineering Company, Inc. · MEC

+2.1 pp
+5.7 pp
+17.4 pp
−0.8 pp
−3.0 pp
−2.8 pp
+1.4 pp
+1.4 pp
+1.9 pp
+0.5 pp
+15.4 pp
−3.5 pp
−4.9 pp
−4.2 pp
−23.1 pp
−6.5 pp

Mueller Industries, Inc. · MLI

+7.8 pp
−2.1 pp
+3.7 pp
+0.2 pp
+1.8 pp
−3.2 pp
−2.6 pp
−2.8 pp
−0.1 pp
−1.0 pp
+5.7 pp
+4.9 pp
−0.5 pp
+5.6 pp

Proto Labs, Inc. · PRLB

−9.0 pp
−0.5 pp
−9.4 pp
−3.4 pp
+0.5 pp
+3.0 pp
+5.5 pp
+2.3 pp
+0.2 pp
−1.2 pp
−7.9 pp
−1.7 pp
−1.1 pp
−0.3 pp
+6.7 pp
+3.5 pp

Ryerson Holding Corporation · RYZ

+4.7 pp
−6.2 pp
−11.8 pp
−8.4 pp
−12.1 pp
−1.0 pp
+6.0 pp
−4.9 pp
−2.4 pp
−4.0 pp
−3.6 pp
+0.1 pp
−1.4 pp
−0.6 pp
−3.4 pp
+1.3 pp

Tredegar Corporation · TG

−1.7 pp
−2.8 pp
−7.0 pp
−7.0 pp
−18.5 pp
−37.7 pp
−163.8 pp
+3.6 pp
+17.6 pp
+35.5 pp
+169.6 pp
−2.9 pp
−4.7 pp
+6.0 pp
+3.1 pp
+2.0 pp

Worthington Enterprises, Inc. · WOR

−7.5 pp
−7.9 pp
−1.5 pp
−0.2 pp
−7.0 pp
−4.2 pp
+0.2 pp
−21.7 pp
+0.5 pp
+6.1 pp
+5.5 pp
+8.0 pp
+4.8 pp
+2.4 pp
+1.4 pp
+15.8 pp
03 · compare level, then change

Profit Scale & Acceleration

Commercial Metals Company has the highest Net profit among the 14 Metal Fabrication companies compared here, at $595 million. Carpenter Technology Corporation is next at $480 million. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 9 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Commercial Metals Company leads with $595 million of TTM profit, 24% above Carpenter Technology Corporation. Commercial Metals Company shows ≥100% on the scoring scale (1552.8% uncapped) growth from a $595 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCommercial Metals Company · $595 million
Gap24% versus #2 · Carpenter Technology Corporation
Persistence3/8 recent comparable periods
Coverage9/14 companies · 224 observations

Investor read: Commercial Metals Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Commercial Metals Company CMC$595M
2Carpenter Technology Corporation CRS$480M
3ATI Inc. ATI$440M
4Worthington Enterprises, Inc. WOR$155M
5Tredegar Corporation TG$28M
Profit growthfastest growers
1Commercial Metals Company CMC100%
2Worthington Enterprises, Inc. WOR63%
3Proto Labs, Inc. PRLB56%
4Carpenter Technology Corporation CRS34%
5ATI Inc. ATI5.8%
Net profit · company comparison
9/14 level · 6/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Mueller Industries, Inc. MLI$241M52%Jun 2026
Commercial Metals Company CMC$173M108%Jun 2026
Carpenter Technology Corporation CRS$140M47%Mar 2026
ATI Inc. ATI$121M20%Mar 2026
ESAB Corporation ESAB$52M-29%Jun 2026
Worthington Enterprises, Inc. WOR$48M1,100%Jun 2026
Proto Labs, Inc. PRLB$8M100%Mar 2026
Ryerson Holding Corporation RYZ$5M-900%Mar 2026
Insteel Industries Inc. IIIN$5M-50%Jun 2026
Tredegar Corporation TG$5M400%Mar 2026
Ampco-Pittsburgh Corporation AP$0M-100%Mar 2026
Mayville Engineering Company, Inc. MEC$-8M-125%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Ampco-Pittsburgh Corporation · AP

$-1M
$-12M
$0M
$3M
$1M
$0M
$1M
$1M
$1M
$-41M
$-2M
$3M
$-1M
$3M
$2M
$-7M
$-2M
$-57M
$0M

ATI Inc. · ATI

$55M
$198M
$-34M
$64M
$274M
$87M
$94M
$94M
$68M
$86M
$87M
$142M
$101M
$104M
$114M
$101M
$121M

Carpenter Technology Corporation · CRS

$-15M
$-29M
$-8M
$3M
$-7M
$6M
$19M
$38M
$44M
$43M
$6M
$94M
$85M
$84M
$95M
$112M
$123M
$105M
$140M

Commercial Metals Company · CMC

$152M
$233M
$383M
$312M
$289M
$262M
$180M
$234M
$184M
$176M
$86M
$119M
$104M
$-176M
$25M
$83M
$152M
$177M
$93M
$173M

ESAB Corporation · ESAB

$78M
$61M
$58M
$58M
$60M
$34M
$69M
$61M
$60M
$63M
$86M
$71M
$74M
$73M
$70M
$65M
$52M

Insteel Industries Inc. · IIIN

$18M
$25M
$23M
$39M
$39M
$24M
$5M
$11M
$1M
$7M
$7M
$5M
$1M
$10M
$15M
$15M
$8M
$5M

Mayville Engineering Company, Inc. · MEC

$0M
$-14M
$4M
$6M
$7M
$2M
$3M
$2M
$1M
$2M
$3M
$4M
$3M
$16M
$0M
$-1M
$-3M
$-4M
$-8M

Mueller Industries, Inc. · MLI

$172M
$127M
$159M
$208M
$156M
$140M
$175M
$180M
$119M
$142M
$163M
$172M
$141M
$159M
$248M
$210M
$156M
$241M

Proto Labs, Inc. · PRLB

$5M
$12M
$5M
$3M
$4M
$-115M
$3M
$0M
$8M
$7M
$5M
$5M
$7M
$0M
$4M
$4M
$7M
$6M
$8M

Ryerson Holding Corporation · RYZ

$50M
$107M
$164M
$196M
$55M
$-27M
$48M
$38M
$35M
$26M
$-7M
$10M
$-6M
$3M
$-5M
$2M
$-14M
$-24M
$5M

Tredegar Corporation · TG

$6M
$21M
$16M
$15M
$1M
$-4M
$-1M
$-19M
$-50M
$-29M
$3M
$9M
$-3M
$-7M
$1M
$2M
$7M
$14M
$5M

Worthington Enterprises, Inc. · WOR

$141M
$113M
$59M
$86M
$65M
$20M
$30M
$50M
$27M
$18M
$22M
$-32M
$24M
$28M
$39M
$4M
$35M
$27M
$45M
$48M

Profit growth · reported quarter history

Ampco-Pittsburgh Corporation · AP

200%
-67%
0.0%
-300%
200%
-200%
-333%
-2,000%
-100%

ATI Inc. · ATI

16%
38%
47%
-75%
-1.2%
-7.5%
51%
49%
21%
31%
-29%
20%

Carpenter Technology Corporation · CRS

1,167%
617%
-68%
147%
93%
95%
1,483%
19%
45%
25%
47%

Commercial Metals Company · CMC

90%
12%
-53%
-25%
-36%
-33%
-52%
-49%
-43%
-200%
-71%
-30%
46%
272%
108%

ESAB Corporation · ESAB

-26%
-1.6%
19%
5.2%
0.0%
85%
25%
16%
23%
-15%
-1.4%
-12%
-29%

Insteel Industries Inc. · IIIN

117%
-4.0%
-87%
-72%
-96%
40%
-55%
0.0%
43%
114%
200%
700%
-50%

Mayville Engineering Company, Inc. · MEC

100%
-25%
-67%
-86%
0.0%
0.0%
100%
200%
700%
-100%
-125%
-200%
-125%

Mueller Industries, Inc. · MLI

87%
-9.3%
10%
-16%
15%
-15%
-6.9%
-4.4%
18%
12%
52%
22%
11%
52%

Proto Labs, Inc. · PRLB

-77%
-20%
-1,058%
-40%
-100%
100%
67%
-13%
-100%
-20%
-20%
0.0%
100%

Ryerson Holding Corporation · RYZ

73%
10%
-125%
-71%
-81%
-36%
-115%
-74%
-117%
-88%
-80%
-900%

Tredegar Corporation · TG

-29%
-83%
-119%
-106%
-227%
-5,100%
-67%
-78%
400%

Worthington Enterprises, Inc. · WOR

-54%
-82%
-49%
-42%
-58%
-10%
-27%
-164%
-11%
56%
77%
46%
-3.6%
15%
1,100%
04 · compare level, then change

Capacity Spending & Returns On It

Commercial Metals Company has the highest CAPEX among the 14 Metal Fabrication companies compared here, at $156 million. Carpenter Technology Corporation is next at $69 million. Carpenter Technology Corporation has the highest CAPEX intensity at 8.5%, so level and change sit with different companies. 12 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Commercial Metals Company reports $156 million of CAPEX; Carpenter Technology Corporation has the highest covered intensity at 8.5%. Coverage is only 12 of 14 companies and 226 reported observations, so this is partial evidence—not a complete sector rank.

LeaderCommercial Metals Company · $156 million
Gap126.1% versus #2 · Carpenter Technology Corporation
Persistence8/8 recent comparable periods
Coverage12/14 companies · 226 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Commercial Metals Company CMC$156M
2Carpenter Technology Corporation CRS$69M
3ATI Inc. ATI$55M
4Mueller Industries, Inc. MLI$22M
5Worthington Enterprises, Inc. WOR$16M
CAPEX intensityhighest reinvestment intensity
1Carpenter Technology Corporation CRS8.5%
2Commercial Metals Company CMC6.3%
3ATI Inc. ATI4.8%
4Worthington Enterprises, Inc. WOR4.3%
5Ampco-Pittsburgh Corporation AP2.9%
Capital expenditure · company comparison
12/14 level · 12/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Commercial Metals Company CMC$156M6.3%Jun 2026
Carpenter Technology Corporation CRS$69M8.5%Mar 2026
ATI Inc. ATI$55M4.8%Mar 2026
Mueller Industries, Inc. MLI$22M1.4%Jun 2026
Worthington Enterprises, Inc. WOR$16M4.3%Jun 2026
ESAB Corporation ESAB$14M1.9%Jun 2026
Ryerson Holding Corporation RYZ$12M0.8%Mar 2026
Tredegar Corporation TG$5M2.7%Mar 2026
Proto Labs, Inc. PRLB$4M2.9%Mar 2026
Mayville Engineering Company, Inc. MEC$4M2.8%Mar 2026
Insteel Industries Inc. IIIN$3M2.3%Jun 2026
Ampco-Pittsburgh Corporation AP$3M2.9%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Ampco-Pittsburgh Corporation · AP

$5M
$3M
$3M
$3M
$6M
$4M
$4M
$6M
$4M
$6M
$3M
$3M
$3M
$4M
$2M
$1M
$3M
$3M
$3M

ATI Inc. · ATI

$43M
$48M
$29M
$46M
$30M
$60M
$43M
$44M
$66M
$60M
$66M
$47M
$53M
$72M
$63M
$93M
$55M

Carpenter Technology Corporation · CRS

$14M
$19M
$25M
$33M
$14M
$18M
$21M
$31M
$22M
$25M
$22M
$28M
$27M
$29M
$40M
$58M
$43M
$46M
$69M

Commercial Metals Company · CMC

$57M
$70M
$121M
$103M
$156M
$133M
$156M
$150M
$167M
$67M
$94M
$82M
$81M
$118M
$86M
$89M
$109M
$125M
$123M
$156M

ESAB Corporation · ESAB

$6M
$8M
$6M
$8M
$18M
$8M
$9M
$12M
$19M
$7M
$9M
$11M
$25M
$7M
$9M
$11M
$14M

Insteel Industries Inc. · IIIN

$5M
$4M
$1M
$8M
$4M
$4M
$7M
$11M
$12M
$2M
$3M
$2M
$3M
$2M
$2M
$2M
$1M
$4M
$3M

Mayville Engineering Company, Inc. · MEC

$10M
$13M
$13M
$13M
$12M
$20M
$2M
$4M
$3M
$7M
$3M
$4M
$3M
$2M
$3M
$2M
$3M
$3M
$4M

Mueller Industries, Inc. · MLI

$8M
$6M
$5M
$18M
$6M
$8M
$8M
$22M
$15M
$16M
$9M
$26M
$29M
$17M
$14M
$18M
$20M
$17M
$22M

Proto Labs, Inc. · PRLB

$4M
$6M
$3M
$3M
$10M
$5M
$3M
$3M
$3M
$18M
$3M
$4M
$2M
$1M
$1M
$1M
$4M
$8M
$4M

Ryerson Holding Corporation · RYZ

$12M
$34M
$19M
$24M
$28M
$34M
$28M
$46M
$22M
$25M
$22M
$23M
$32M
$24M
$8M
$10M
$13M
$21M
$12M

Tredegar Corporation · TG

$8M
$8M
$5M
$8M
$12M
$11M
$9M
$7M
$6M
$4M
$2M
$2M
$3M
$7M
$3M
$3M
$4M
$8M
$5M

Worthington Enterprises, Inc. · WOR

$24M
$24M
$24M
$82M
$21M
$24M
$23M
$73M
$29M
$33M
$10M
$11M
$10M
$15M
$13M
$13M
$13M
$12M
$14M
$16M

CAPEX intensity · reported quarter history

Ampco-Pittsburgh Corporation · AP

6.3%
3.4%
3.3%
3.0%
6.2%
4.4%
3.9%
5.6%
3.9%
5.8%
2.7%
2.8%
3.3%
4.1%
2.0%
0.9%
2.9%
2.9%
2.9%

ATI Inc. · ATI

5.9%
6.3%
3.0%
4.5%
3.0%
5.8%
4.1%
4.3%
6.3%
5.5%
6.3%
4.0%
4.6%
6.3%
5.6%
7.9%
4.8%

Carpenter Technology Corporation · CRS

3.6%
4.8%
5.1%
5.9%
2.7%
3.1%
3.0%
4.1%
3.4%
4.0%
3.2%
3.5%
3.8%
4.3%
5.5%
7.7%
5.9%
6.3%
8.5%

Commercial Metals Company · CMC

2.8%
3.5%
6.0%
4.1%
6.5%
6.0%
7.7%
6.4%
7.6%
3.3%
5.1%
3.9%
4.1%
6.2%
4.9%
4.4%
5.2%
5.9%
5.8%
6.3%

ESAB Corporation · ESAB

1.0%
1.3%
0.9%
1.2%
2.7%
1.2%
1.3%
1.8%
2.8%
1.0%
1.3%
1.6%
3.7%
1.0%
1.3%
1.5%
1.9%

Insteel Industries Inc. · IIIN

3.1%
2.3%
0.6%
3.8%
1.8%
1.9%
4.4%
6.6%
9.8%
1.6%
2.1%
1.5%
2.3%
1.2%
1.1%
1.1%
0.6%
2.3%

Mayville Engineering Company, Inc. · MEC

9.2%
12%
9.6%
9.4%
8.8%
16%
1.4%
2.9%
1.9%
4.7%
1.9%
2.4%
2.2%
1.7%
2.2%
1.5%
2.1%
2.2%
2.8%

Mueller Industries, Inc. · MLI

0.8%
0.6%
0.5%
1.6%
0.6%
0.9%
0.8%
2.5%
2.0%
1.9%
0.9%
2.6%
3.1%
1.7%
1.2%
1.7%
2.1%
1.4%

Proto Labs, Inc. · PRLB

3.2%
4.8%
2.4%
2.4%
8.2%
4.3%
2.4%
2.5%
2.3%
14%
2.3%
3.2%
1.6%
0.8%
0.8%
0.7%
3.0%
5.9%
2.9%

Ryerson Holding Corporation · RYZ

0.8%
2.2%
1.1%
1.4%
1.8%
2.6%
2.0%
3.4%
1.8%
2.2%
1.8%
1.9%
2.8%
2.4%
0.7%
0.9%
1.1%
1.9%
0.8%

Tredegar Corporation · TG

3.8%
3.6%
2.1%
2.9%
5.0%
5.8%
4.7%
3.9%
3.6%
11%
1.4%
1.3%
2.1%
4.5%
1.8%
1.7%
2.1%
4.3%
2.7%

Worthington Enterprises, Inc. · WOR

2.2%
1.9%
1.7%
5.4%
1.5%
2.0%
6.6%
20%
9.3%
11%
3.2%
3.4%
3.9%
5.5%
4.3%
4.1%
4.3%
3.7%
3.7%
4.3%
Annual capital allocation · 6-year view
12/14 capacity base · 14/14 OCF · 14/14 CAPEX · 14/14 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

ATI Inc. · ATI

$1.5B
$1.5B
$1.7B
$1.8B
$1.9B

ESAB Corporation · ESAB

$394M
$376M
$390M
$388M
$495M

Proto Labs, Inc. · PRLB

$288M
$279M
$259M
$231M
$219M

Tredegar Corporation · TG

$184M
$200M
$162M
$152M
$146M

Operating cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

ATI Inc. · ATI

$16M
$225M
$86M
$407M
$614M

ESAB Corporation · ESAB

$251M
$214M
$330M
$355M
$261M

Proto Labs, Inc. · PRLB

$55M
$62M
$73M
$78M
$75M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

ATI Inc. · ATI

$153M
$131M
$201M
$239M
$281M

ESAB Corporation · ESAB

$36M
$40M
$48M
$52M
$47M

Proto Labs, Inc. · PRLB

$34M
$22M
$28M
$9M
$15M

Free cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

ATI Inc. · ATI

$-137M
$94M
$-115M
$168M
$334M

ESAB Corporation · ESAB

$215M
$174M
$282M
$304M
$213M

Proto Labs, Inc. · PRLB

$21M
$40M
$45M
$69M
$60M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Insteel Industries Inc. has the lowest Gross debt among the 14 Metal Fabrication companies compared here, at $0 million. Proto Labs, Inc. is next at $3 million. Mueller Industries, Inc. has the lowest Net debt at $1,391 million net cash, so level and change sit with different companies. Its Gross debt series carries 19 reported observations across the 20-quarter window.

What the numbers say: Mueller Industries, Inc. has the clearest covered balance-sheet capacity with $1,391 million net cash and gross debt of $25 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderInsteel Industries Inc. · $0 million
Gap100% versus #2 · Proto Labs, Inc.
Persistence8/8 recent comparable periods
Coverage12/14 companies · 225 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Insteel Industries Inc. IIIN$0M
2Proto Labs, Inc. PRLB$3M
3Mueller Industries, Inc. MLI$25M
4Tredegar Corporation TG$59M
5Ampco-Pittsburgh Corporation AP$139M
Net debtlowest net debt
1Mueller Industries, Inc. MLI$-1.4B
2Proto Labs, Inc. PRLB$-133M
3Insteel Industries Inc. IIIN$-23M
4Tredegar Corporation TG$43M
5Ampco-Pittsburgh Corporation AP$130M
Debt and balance-sheet capacity · company comparison
12/14 level · 12/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Commercial Metals Company CMC$3.4B$2.8BJun 2026
ESAB Corporation ESAB$2.0B$1.0BJun 2026
ATI Inc. ATI$1.8B$1.4BMar 2026
Ryerson Holding Corporation RYZ$1.3B$1.3BMar 2026
Carpenter Technology Corporation CRS$690M$395MMar 2026
Worthington Enterprises, Inc. WOR$350M$322MJun 2026
Mayville Engineering Company, Inc. MEC$243M$241MMar 2026
Ampco-Pittsburgh Corporation AP$139M$130MMar 2026
Tredegar Corporation TG$59M$43MMar 2026
Mueller Industries, Inc. MLI$25M$-1.4BJun 2026
Proto Labs, Inc. PRLB$3M$-133MMar 2026
Insteel Industries Inc. IIIN$0M$-23MJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Ampco-Pittsburgh Corporation · AP

$52M
$65M
$82M
$94M
$102M
$109M
$114M
$127M
$133M
$133M
$136M
$140M
$135M
$133M
$132M
$140M
$140M
$138M
$139M

ATI Inc. · ATI

$2.3B
$1.8B
$1.7B
$1.7B
$1.7B
$1.7B
$1.8B
$2.2B
$2.2B
$2.2B
$1.9B
$1.9B
$1.9B
$1.9B
$1.9B
$1.7B
$1.8B

Carpenter Technology Corporation · CRS

$695M
$695M
$991M
$692M
$692M
$774M
$801M
$693M
$693M
$708M
$694M
$694M
$695M
$695M
$695M
$695M
$696M
$690M
$690M

Commercial Metals Company · CMC

$1.1B
$1.1B
$1.5B
$1.5B
$1.5B
$1.3B
$1.4B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.3B
$1.4B
$3.4B
$3.4B
$3.4B

ESAB Corporation · ESAB

$0M
$0M
$1.2B
$1.2B
$1.2B
$1.2B
$1.1B
$1.0B
$993M
$1.1B
$1.1B
$1.1B
$1.1B
$1.1B
$1.3B
$2.0B

Insteel Industries Inc. · IIIN

$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

Mayville Engineering Company, Inc. · MEC

$57M
$68M
$123M
$114M
$109M
$109M
$117M
$213M
$202M
$181M
$172M
$154M
$141M
$110M
$107M
$100M
$246M
$235M
$243M

Mueller Industries, Inc. · MLI

$146M
$25M
$24M
$24M
$26M
$24M
$31M
$32M
$36M
$34M
$35M
$33M
$34M
$33M
$21M
$29M
$27M
$23M
$25M

Proto Labs, Inc. · PRLB

$7M
$7M
$7M
$6M
$6M
$21M
$21M
$20M
$20M
$5M
$5M
$4M
$4M
$4M
$3M
$3M
$2M
$3M
$3M

Ryerson Holding Corporation · RYZ

$875M
$849M
$757M
$734M
$717M
$607M
$641M
$727M
$691M
$804M
$869M
$897M
$892M
$834M
$871M
$879M
$857M
$816M
$1.3B

Tredegar Corporation · TG

$142M
$88M
$146M
$116M
$139M
$152M
$170M
$155M
$168M
$265M
$295M
$281M
$282M
$77M
$72M
$77M
$63M
$48M
$59M

Worthington Enterprises, Inc. · WOR

$802M
$797M
$912M
$844M
$811M
$804M
$798M
$715M
$549M
$722M
$320M
$317M
$328M
$319M
$316M
$326M
$346M
$346M
$358M
$350M

Net debt · reported quarter history

Ampco-Pittsburgh Corporation · AP

$40M
$55M
$75M
$87M
$90M
$100M
$108M
$118M
$127M
$126M
$125M
$132M
$123M
$118M
$125M
$130M
$125M
$127M
$130M

ATI Inc. · ATI

$1.3B
$1.2B
$1.5B
$1.4B
$1.2B
$1.5B
$1.5B
$1.8B
$1.8B
$1.7B
$1.5B
$1.2B
$1.4B
$1.6B
$1.5B
$1.3B
$1.4B

Carpenter Technology Corporation · CRS

$482M
$598M
$597M
$538M
$639M
$754M
$779M
$648M
$675M
$692M
$640M
$495M
$545M
$533M
$543M
$379M
$488M
$458M
$395M

Commercial Metals Company · CMC

$572M
$650M
$626M
$1.1B
$829M
$751M
$760M
$684M
$563M
$449M
$524M
$502M
$332M
$331M
$437M
$451M
$311M
$2.3B
$2.9B
$2.8B

ESAB Corporation · ESAB

$-41M
$-57M
$1.1B
$1.1B
$1.1B
$1.1B
$1.0B
$916M
$917M
$852M
$826M
$827M
$783M
$823M
$1.1B
$1.0B

Insteel Industries Inc. · IIIN

$-90M
$-90M
$-63M
$-70M
$-63M
$-48M
$-80M
$-92M
$-86M
$-84M
$-98M
$-112M
$-36M
$-28M
$-54M
$-39M
$-16M
$-15M
$-23M

Mayville Engineering Company, Inc. · MEC

$57M
$68M
$123M
$114M
$109M
$109M
$117M
$123M
$200M
$180M
$172M
$154M
$141M
$110M
$107M
$100M
$245M
$233M
$241M

Mueller Industries, Inc. · MLI

$41M
$-63M
$-115M
$-179M
$-457M
$-655M
$-751M
$-866M
$-1.2B
$-1.3B
$-791M
$-937M
$-1.0B
$-841M
$-1.0B
$-1.3B
$-1.4B
$-1.4B
$-1.4B

Proto Labs, Inc. · PRLB

$-57M
$-71M
$-70M
$-73M
$-79M
$-59M
$-64M
$-66M
$-83M
$-98M
$-105M
$-109M
$-97M
$-99M
$-94M
$-100M
$-117M
$-125M
$-133M

Ryerson Holding Corporation · RYZ

$835M
$798M
$712M
$693M
$666M
$568M
$597M
$697M
$654M
$750M
$827M
$869M
$857M
$806M
$837M
$848M
$827M
$789M
$1.3B

Tredegar Corporation · TG

$112M
$57M
$120M
$89M
$120M
$133M
$155M
$134M
$119M
$252M
$290M
$272M
$275M
$70M
$68M
$67M
$50M
$41M
$43M

Worthington Enterprises, Inc. · WOR

$403M
$572M
$868M
$810M
$775M
$674M
$531M
$293M
$348M
$291M
$93M
$73M
$149M
$125M
$93M
$76M
$179M
$166M
$352M
$322M
06 · compare level, then change

Return On Capital Employed

Xinxu Copper Industry Technology Limited has the highest ROCE among the 14 Metal Fabrication companies compared here, at 18.1%. Nintech Mould Factory Inc. is next at 14%. Worthington Enterprises, Inc. has the highest ROCE change at +3.6 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Xinxu Copper Industry Technology Limited leads ROCE at 18.1%, 4.1 percentage points above Nintech Mould Factory Inc.. Worthington Enterprises, Inc. has the strongest latest improvement at +3.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderXinxu Copper Industry Technology Limited · 18.1%
Gap29.3% versus #2 · Nintech Mould Factory Inc.
PersistenceNot enough history
Coverage14/14 companies · 222 observations

Investor read: Xinxu Copper Industry Technology Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Xinxu Copper Industry Technology Limited XXC18%
2Nintech Mould Factory Inc. NTMJ14%
3Mueller Industries, Inc. MLI9.3%
4Carpenter Technology Corporation CRS6.1%
5ATI Inc. ATI4.0%
ROCE changefastest improvers
1Worthington Enterprises, Inc. WOR+3.6 pp
2Tredegar Corporation TG+1.3 pp
3Commercial Metals Company CMC+1.2 pp
4Carpenter Technology Corporation CRS+1.2 pp
5Ryerson Holding Corporation RYZ+0.9 pp
Return on capital · company comparison
14/14 level · 14/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Mueller Industries, Inc. MLI9.3%−1.4 ppJun 2026
Carpenter Technology Corporation CRS6.1%+1.2 ppMar 2026
ATI Inc. ATI4.0%+0.3 ppMar 2026
Commercial Metals Company CMC3.2%+1.2 ppJun 2026
Insteel Industries Inc. IIIN3.0%−2.1 ppJun 2026
Tredegar Corporation TG2.3%+1.3 ppMar 2026
ESAB Corporation ESAB2.1%−1.2 ppJun 2026
Worthington Enterprises, Inc. WOR1.5%+3.6 ppJun 2026
Proto Labs, Inc. PRLB1.4%+0.7 ppMar 2026
Ryerson Holding Corporation RYZ1.0%+0.9 ppMar 2026
Ampco-Pittsburgh Corporation AP-0.7%−0.4 ppMar 2026
Mayville Engineering Company, Inc. MEC-1.8%−2.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Ampco-Pittsburgh Corporation · AP

-1.4%
-0.8%
-0.7%
-0.1%
-0.6%
-0.5%
-0.1%
0.8%
0.5%
-11%
0.0%
0.3%
-0.5%
-0.5%
-0.3%
-1.7%
-0.8%
-1.8%
-0.7%

ATI Inc. · ATI

0.8%
2.0%
-0.3%
3.3%
4.0%
3.3%
3.5%
3.4%
3.1%
4.0%
3.5%
5.2%
3.7%
4.2%
4.0%
4.2%
4.0%

Carpenter Technology Corporation · CRS

-0.7%
-1.2%
0.0%
0.9%
0.3%
0.9%
1.5%
2.4%
2.7%
2.7%
2.9%
4.0%
4.1%
4.3%
4.9%
5.2%
5.2%
5.2%
6.1%

Commercial Metals Company · CMC

7.5%
6.6%
10%
8.3%
7.8%
4.9%
6.1%
4.7%
4.3%
2.3%
3.0%
2.6%
-3.8%
0.8%
2.0%
3.5%
3.1%
2.2%
3.2%

ESAB Corporation · ESAB

2.7%
5.3%
5.7%
2.6%
2.9%
3.5%
3.3%
3.3%
3.4%
3.6%
3.2%
3.4%
3.3%
3.1%
2.8%
2.1%

Insteel Industries Inc. · IIIN

11%
11%
16%
15%
8.6%
1.6%
3.2%
0.0%
2.1%
2.0%
1.2%
0.2%
3.6%
5.1%
4.9%
2.5%
1.8%
3.0%

Mayville Engineering Company, Inc. · MEC

0.3%
-5.8%
1.7%
2.7%
2.8%
0.9%
1.3%
1.1%
1.5%
1.4%
2.0%
1.9%
1.4%
5.7%
0.4%
0.0%
0.0%
-1.3%
-1.8%

Mueller Industries, Inc. · MLI

19%
14%
16%
18%
13%
12%
13%
11%
6.2%
8.0%
8.6%
8.0%
6.4%
7.8%
11%
9.2%
5.5%
10%
9.3%

Proto Labs, Inc. · PRLB

0.9%
1.7%
0.9%
0.6%
0.7%
0.2%
0.5%
0.7%
1.3%
1.2%
1.0%
0.8%
1.2%
-0.2%
0.7%
0.7%
1.3%
1.1%
1.4%

Ryerson Holding Corporation · RYZ

13%
10%
16%
18%
5.0%
-1.6%
4.1%
3.2%
3.1%
2.4%
0.0%
1.2%
0.3%
0.1%
0.1%
0.3%
-0.1%
-1.9%
1.0%

Tredegar Corporation · TG

2.1%
2.6%
4.7%
5.4%
0.8%
-1.3%
0.3%
-5.4%
-16%
-21%
2.0%
3.4%
-0.5%
2.2%
1.0%
1.3%
4.1%
4.4%
2.3%

Worthington Enterprises, Inc. · WOR

3.5%
1.4%
2.5%
2.5%
-0.3%
0.1%
0.5%
-0.3%
-0.5%
0.2%
-2.6%
-0.2%
0.2%
1.4%
-2.1%
0.6%
0.8%
2.0%
1.5%

ROCE change · reported quarter history

Ampco-Pittsburgh Corporation · AP

+0.8 pp
+0.3 pp
+0.6 pp
+0.9 pp
+1.1 pp
−10.5 pp
+0.1 pp
−0.5 pp
−1.0 pp
+10.5 pp
−0.3 pp
−2.0 pp
−0.3 pp
−1.3 pp
−0.4 pp

ATI Inc. · ATI

+2.5 pp
+2.0 pp
+3.6 pp
+0.2 pp
−0.9 pp
+0.7 pp
0.0 pp
+1.8 pp
+0.6 pp
+0.2 pp
+0.5 pp
−1.0 pp
+0.3 pp

Carpenter Technology Corporation · CRS

+1.0 pp
+2.1 pp
+1.5 pp
+1.5 pp
+2.4 pp
+1.8 pp
+1.4 pp
+1.6 pp
+1.4 pp
+1.6 pp
+2.0 pp
+1.2 pp
+1.1 pp
+0.9 pp
+1.2 pp

Commercial Metals Company · CMC

+0.3 pp
−1.7 pp
−4.0 pp
−3.6 pp
−3.5 pp
−2.6 pp
−3.1 pp
−2.1 pp
−8.1 pp
−1.5 pp
−1.0 pp
+0.9 pp
+6.9 pp
+1.4 pp
+1.2 pp

ESAB Corporation · ESAB

−0.1 pp
−1.8 pp
−2.4 pp
+0.7 pp
+0.5 pp
+0.1 pp
−0.1 pp
+0.1 pp
−0.3 pp
−0.1 pp
−0.6 pp
−1.2 pp

Insteel Industries Inc. · IIIN

−2.1 pp
−14.3 pp
−11.4 pp
−8.6 pp
+0.4 pp
−2.0 pp
+0.2 pp
+1.5 pp
+3.1 pp
+3.7 pp
+2.3 pp
−1.8 pp
−2.1 pp

Mayville Engineering Company, Inc. · MEC

+2.5 pp
+6.7 pp
−0.4 pp
−1.6 pp
−1.3 pp
+0.5 pp
+0.7 pp
+0.8 pp
−0.1 pp
+4.3 pp
−1.6 pp
−1.9 pp
−1.4 pp
−7.0 pp
−2.2 pp

Mueller Industries, Inc. · MLI

−5.3 pp
−1.8 pp
−4.8 pp
−2.4 pp
−5.6 pp
−4.2 pp
−2.9 pp
+0.2 pp
−0.2 pp
+2.1 pp
+1.2 pp
−0.9 pp
+2.2 pp
−1.4 pp

Proto Labs, Inc. · PRLB

−0.2 pp
−1.5 pp
−0.4 pp
+0.1 pp
+0.6 pp
+1.0 pp
+0.5 pp
+0.1 pp
−0.1 pp
−1.4 pp
−0.3 pp
−0.1 pp
+0.1 pp
+1.3 pp
+0.7 pp

Ryerson Holding Corporation · RYZ

−7.7 pp
−11.9 pp
−11.7 pp
−15.0 pp
−1.9 pp
+4.0 pp
−4.1 pp
−2.0 pp
−2.8 pp
−2.3 pp
+0.1 pp
−0.9 pp
−0.4 pp
−2.0 pp
+0.9 pp

Tredegar Corporation · TG

−1.3 pp
−3.9 pp
−4.4 pp
−10.8 pp
−17.2 pp
−20.1 pp
+1.7 pp
+8.8 pp
+15.9 pp
+23.6 pp
−1.0 pp
−2.1 pp
+4.6 pp
+2.2 pp
+1.3 pp

Worthington Enterprises, Inc. · WOR

−3.8 pp
−1.3 pp
−2.0 pp
−2.8 pp
−0.2 pp
+0.1 pp
−3.1 pp
+0.1 pp
+0.7 pp
+1.2 pp
+0.5 pp
+0.8 pp
+0.6 pp
+0.6 pp
+3.6 pp
07 · compare level, then change

Valuation Against Growth & Quality

Tredegar Corporation has the lowest Guarded PEG among the 14 Metal Fabrication companies compared here, at 0.26×. Worthington Enterprises, Inc. is next at 0.37×. The same company also holds the lowest P/E, at 9.46×. 5 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Tredegar Corporation has the lowest comparable Guarded PEG at 0.26×, 29.7% below Worthington Enterprises, Inc.. Only 5 of 14 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderTredegar Corporation · 0.26×
Gap29.7% versus #2 · Worthington Enterprises, Inc.
Persistence0/8 recent comparable periods
Coverage5/14 companies · 19 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Tredegar Corporation TG0.3
2Worthington Enterprises, Inc. WOR0.4
3Carpenter Technology Corporation CRS1.2
4Proto Labs, Inc. PRLB1.6
5ATI Inc. ATI4.9
P/Elowest P/E
1Tredegar Corporation TG9.5
2Ampco-Pittsburgh Corporation AP9.9
3Commercial Metals Company CMC14.3
4Insteel Industries Inc. IIIN16.4
5Mueller Industries, Inc. MLI16.7
Valuation · company comparison
5/14 level · 12/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
ATI Inc. ATI4.946.5Mar 2026
Proto Labs, Inc. PRLB1.653.8Mar 2026
ESAB Corporation ESAB1.328.9Jun 2026
Carpenter Technology Corporation CRS1.241.3Mar 2026
Insteel Industries Inc. IIIN1.016.4Jun 2026
Mayville Engineering Company, Inc. MEC0.723.7Mar 2026
Worthington Enterprises, Inc. WOR0.418.1Jun 2026
Mueller Industries, Inc. MLI0.416.7Jun 2026
Commercial Metals Company CMC14.3Jun 2026
Ryerson Holding Corporation RYZ109.3Mar 2026
Tredegar Corporation TG9.5Mar 2026
Ampco-Pittsburgh Corporation AP9.9Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

ATI Inc. · ATI

0.9
1.2
0.7
3.6
4.9

Carpenter Technology Corporation · CRS

1.2

ESAB Corporation · ESAB

1.5
1.0
1.0
1.3

Insteel Industries Inc. · IIIN

1.0

Mayville Engineering Company, Inc. · MEC

0.7

Mueller Industries, Inc. · MLI

0.6
0.5
0.6
0.4

Proto Labs, Inc. · PRLB

1.6

Worthington Enterprises, Inc. · WOR

0.2
0.4

P/E · reported quarter history

Ampco-Pittsburgh Corporation · AP

47.0
13.9
49.0
104.5
9.9

ATI Inc. · ATI

12.1
13.7
15.4
13.4
15.8
12.9
11.3
19.0
20.9
25.5
21.8
18.5
30.1
26.8
41.0
46.5

Carpenter Technology Corporation · CRS

106.6
49.2
31.0
24.5
27.2
29.6
35.2
31.8
25.5
37.3
29.9
36.4
41.3

Commercial Metals Company · CMC

6.4
5.2
4.5
4.0
4.7
5.9
5.2
7.8
6.9
9.3
11.6
12.9
54.6
79.4
150.3
77.9
16.4
16.3
14.3

ESAB Corporation · ESAB

12.8
12.3
12.6
17.7
19.1
19.6
25.8
27.4
22.0
24.0
27.8
24.0
29.8
29.4
28.9

Insteel Industries Inc. · IIIN

11.4
9.6
6.9
5.6
4.2
6.9
11.9
33.3
30.8
29.8
31.2
27.8
22.7
23.6
18.3
13.4
15.1
16.4

Mayville Engineering Company, Inc. · MEC

55.3
46.5
13.9
17.6
19.5
28.1
38.0
34.1
32.0
35.7
12.7
12.4
18.8
23.7

Mueller Industries, Inc. · MLI

6.2
7.1
5.8
4.6
5.1
5.1
6.2
7.7
8.9
10.8
11.8
14.0
15.1
14.0
12.6
15.1
17.2
14.2
16.7

Proto Labs, Inc. · PRLB

58.9
42.4
42.0
54.4
42.9
59.0
46.4
32.2
31.2
59.2
58.4
66.7
82.0
57.5
53.8

Ryerson Holding Corporation · RYZ

5.1
3.5
3.2
1.6
1.9
3.0
5.1
13.8
10.9
8.5
13.0
10.8
19.1
109.3

Tredegar Corporation · TG

9.5
6.9
6.2
5.7
5.9
12.2
27.7
7.5
9.5

Worthington Enterprises, Inc. · WOR

3.6
4.4
9.3
5.1
8.0
8.9
6.7
8.0
7.4
11.4
25.9
60.3
49.3
35.6
30.7
30.9
25.9
24.9
18.1
08 · compare level, then change

Enterprise Value & Book Value

Insteel Industries Inc. has the lowest EV/EBITDA among the 14 Metal Fabrication companies compared here, at 8.89×. Tredegar Corporation is next at 9.22×. Ryerson Holding Corporation has the lowest P/BV at 0.91×, so level and change sit with different companies. 12 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Insteel Industries Inc. leads ev/ebitda at 8.89×; Ryerson Holding Corporation leads p/bv at 0.91×.

LeaderInsteel Industries Inc. · 8.89×
Gap3.6% versus #2 · Tredegar Corporation
Persistence0/8 recent comparable periods
Coverage12/14 companies · 194 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Insteel Industries Inc. IIIN8.9
2Tredegar Corporation TG9.2
3Commercial Metals Company CMC9.8
4Ampco-Pittsburgh Corporation AP11.2
5Mueller Industries, Inc. MLI11.4
P/BVlowest P/BV
1Ryerson Holding Corporation RYZ0.9
2Tredegar Corporation TG1.2
3Mayville Engineering Company, Inc. MEC1.6
4Insteel Industries Inc. IIIN1.6
5Commercial Metals Company CMC1.9
Enterprise and book valuation · company comparison
12/14 level · 12/14 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Ryerson Holding Corporation RYZ31.40.9Mar 2026
Carpenter Technology Corporation CRS25.39.5Mar 2026
ATI Inc. ATI24.910.8Mar 2026
Mayville Engineering Company, Inc. MEC20.51.6Mar 2026
Proto Labs, Inc. PRLB18.62.0Mar 2026
Worthington Enterprises, Inc. WOR16.72.7Jun 2026
ESAB Corporation ESAB14.62.7Jun 2026
Mueller Industries, Inc. MLI11.44.0Jun 2026
Ampco-Pittsburgh Corporation AP11.24.3Mar 2026
Commercial Metals Company CMC9.81.9Jun 2026
Tredegar Corporation TG9.21.2Mar 2026
Insteel Industries Inc. IIIN8.91.6Jun 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Ampco-Pittsburgh Corporation · AP

15.4
84.4
11.2

ATI Inc. · ATI

12.7
14.9
12.8
11.1
13.6
11.7
11.2
13.4
13.7
16.7
12.0
10.9
16.7
15.3
21.4
24.9

Carpenter Technology Corporation · CRS

257.2
17.7
16.1
13.6
13.1
12.8
12.3
11.2
10.1
13.0
16.9
16.3
15.5
21.4
18.1
21.8
25.3

Commercial Metals Company · CMC

4.7
4.9
4.5
3.8
4.1
4.4
3.9
5.2
4.5
5.7
6.6
6.7
8.5
7.5
7.6
15.3
10.8
10.9
9.8

ESAB Corporation · ESAB

8.4
11.2
10.1
11.6
11.9
11.6
12.9
15.5
13.1
14.4
15.8
14.2
16.7
16.2
14.6

Insteel Industries Inc. · IIIN

6.6
5.9
4.3
3.6
2.7
4.0
6.7
17.5
16.4
14.0
13.9
13.4
11.0
11.8
10.1
7.8
8.7
8.9

Mayville Engineering Company, Inc. · MEC

10.6
15.2
12.4
9.6
6.8
6.6
7.7
7.3
8.3
8.6
7.8
7.6
8.9
5.2
5.0
6.2
8.1
16.4
20.5

Mueller Industries, Inc. · MLI

4.2
4.5
3.9
3.1
3.2
2.9
3.7
4.7
5.0
6.5
7.7
9.5
9.5
9.2
8.4
9.9
10.9
9.5
11.4

Proto Labs, Inc. · PRLB

23.1
16.6
16.4
15.8
11.6
13.1
15.1
10.1
13.8
11.7
9.8
9.4
15.2
13.9
16.6
20.8
18.2
18.6

Ryerson Holding Corporation · RYZ

3.7
3.0
2.6
1.6
2.0
2.7
4.0
9.0
7.7
6.7
8.8
8.0
18.7
12.9
14.3
16.0
17.3
32.9
31.4

Tredegar Corporation · TG

10.2
8.6
9.0
7.1
8.0
26.6
18.1
350.9
85,869.6
25.7
15.8
28.1
32.2
7.8
9.2

Worthington Enterprises, Inc. · WOR

4.7
5.9
15.8
5.8
7.6
8.4
14.7
15.8
14.9
20.2
299.4
416.9
33.4
25.3
40.8
16.7

P/BV · reported quarter history

Ampco-Pittsburgh Corporation · AP

1.1
0.9
1.5
1.0
1.0
0.5
0.5
0.6
0.5
0.9
0.8
0.3
0.7
0.7
0.7
1.0
0.8
3.3
4.3

ATI Inc. · ATI

3.9
3.0
3.9
4.2
3.7
4.6
4.8
4.2
5.0
5.1
5.3
4.2
3.8
6.9
6.6
8.8
10.8

Carpenter Technology Corporation · CRS

1.2
1.1
1.5
1.0
1.2
1.4
1.6
2.0
2.3
2.4
2.4
3.4
4.8
4.9
5.1
7.3
6.4
7.9
9.5

Commercial Metals Company · CMC

1.5
1.6
1.5
1.5
1.6
1.6
1.2
1.6
1.3
1.5
1.5
1.4
1.8
1.4
1.3
1.5
1.6
1.9
1.9

ESAB Corporation · ESAB

1.2
2.1
2.1
2.5
2.7
2.8
3.3
4.1
3.3
3.5
4.1
3.4
3.7
3.4
2.7

Insteel Industries Inc. · IIIN

2.5
2.7
2.2
1.9
1.3
1.5
1.6
2.2
2.2
1.7
1.7
1.6
1.5
2.1
2.0
1.8
1.8
1.6

Mayville Engineering Company, Inc. · MEC

1.8
279.5
1.0
0.8
0.6
1.2
1.4
1.1
1.0
11.9
1.3
1.4
13.4
1.3
6.4
8.3
1.1
1.6
1.6

Mueller Industries, Inc. · MLI

2.1
2.7
2.4
2.0
2.0
1.9
2.1
2.3
2.3
2.5
2.5
3.1
3.3
3.2
3.0
3.7
4.1
3.6
4.0

Proto Labs, Inc. · PRLB

2.2
1.7
1.8
1.6
1.2
1.0
1.3
1.3
1.0
1.4
1.3
1.1
1.1
1.4
1.3
1.4
1.8
1.8
2.0

Ryerson Holding Corporation · RYZ

2.0
1.9
1.9
0.9
1.1
1.3
1.5
1.7
1.1
1.3
1.3
0.8
0.8
0.7
0.9
0.9
0.9
1.1
0.9

Tredegar Corporation · TG

2.8
2.2
1.9
1.6
1.6
1.7
1.5
1.3
1.2
1.2
1.4
1.0
1.6
1.5
1.4
1.6
1.4
1.2
1.2

Worthington Enterprises, Inc. · WOR

1.0
1.2
0.9
1.0
1.2
1.2
1.0
1.3
1.2
3.4
3.2
2.5
2.3
2.2
3.1
3.4
2.8
2.8
2.7
09 · let price answer last

Market action

Ampco-Pittsburgh Corporation has the strongest one-year price move in Metal Fabrication at +165.5%. Carpenter Technology Corporation leads on Mansfield relative strength against the S&P 500 at +40.3%. 7 of 12 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Metal Fabrication comparison names 4 specific ways its own evidence can mislead, all listed below. All 14 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 14 companies in the canonical Metal Fabrication membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Carpenter Technology Corporation CRSAHEAD25/26 WEEKS$27.8B$5602026-07-28Mar 2026
ATI Inc. ATIAHEAD23/26 WEEKS$25.5B$1872026-07-28Mar 2026
Mueller Industries, Inc. MLI$14.7B$66.52026-07-28Jun 2026
Commercial Metals Company CMC$7.8B$70.52026-07-28Jun 2026
ESAB Corporation ESAB$5.5B$89.22026-07-28Jun 2026
Worthington Enterprises, Inc. WORLAGGING, FUNDAMENTALS UP$2.8B$57.22026-07-28Jun 2026
Proto Labs, Inc. PRLBAHEAD24/26 WEEKS$1.8B$74.92026-07-28Mar 2026
Ryerson Holding Corporation RYZAHEAD$1.6B$31.02026-07-28Mar 2026
Mayville Engineering Company, Inc. MECAHEAD25/26 WEEKS$727M$27.82026-07-28Mar 2026
Insteel Industries Inc. IIINAHEADLAGGING, FUNDAMENTALS UP$631M$32.62026-07-28Jun 2026
Tredegar Corporation TG$259M$7.52026-07-28Mar 2026
Ampco-Pittsburgh Corporation AP$167M$8.22026-07-28Mar 2026
Xinxu Copper Industry Technology Limited XXC$127M
Nintech Mould Factory Inc. NTMJ$123M
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 14 Metal Fabrication companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Metal Fabrication company comparison FAQs

These 18 answers restate the Metal Fabrication comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Metal Fabrication company is the biggest?

Commercial Metals Company is the largest, with trailing-twelve-month revenue of $8,850 million, ahead of Ryerson Holding Corporation at $5,003 million. That covers 9 of 14 companies with comparable reporting through Jun 2026.

Which Metal Fabrication company is growing fastest?

Tredegar Corporation has the fastest revenue growth at 20.2% year on year, across 9 of 14 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Metal Fabrication company has the best profit margins?

Mueller Industries, Inc. has the highest operating margin at 26.2%, from 12 of 14 comparable companies. Worthington Enterprises, Inc. shows the biggest recent improvement, at +15.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Metal Fabrication company makes the most profit?

Commercial Metals Company earns the most, at $595 million of trailing-twelve-month net profit, from 9 of 14 comparable companies. Commercial Metals Company has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Metal Fabrication company earns the highest return on capital?

Xinxu Copper Industry Technology Limited leads on return on capital employed at 18.1%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Metal Fabrication stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Tredegar Corporation screens cheapest at 0.26×. Only 5 of 14 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Metal Fabrication company has the strongest balance sheet?

Insteel Industries Inc. carries the lowest comparable gross debt at $0 million, from 12 of 14 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Metal Fabrication company is investing most in new capacity?

Commercial Metals Company reports the largest capital spending at $156 million, across 12 of 14 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Metal Fabrication sector beating the market?

Metal Fabrication has outperformed S&P 500 by 26.7% over the last 52 weeks and 3.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 12 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Metal Fabrication stock has the strongest price momentum?

Carpenter Technology Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Metal Fabrication company scores highest for research priority?

Carpenter Technology Corporation scores 66.1 out of 100 with 82% evidence confidence, from 20.5 points on growth and earnings, 14.8 on capital efficiency, 10.8 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Metal Fabrication companies does this comparison cover, and over what period?

It compares 14 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Metal Fabrication sector?

The 14 Metal Fabrication companies on this page carry $89,647 million of combined market value. Carpenter Technology Corporation is the largest at $27,845 million, about 31% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Metal Fabrication sector's P/E ratio?

The median price-to-earnings ratio across the 14 Metal Fabrication companies on this page is 23.7×, measured on the 12 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Metal Fabrication sector performing?

7 of the 12 covered Metal Fabrication companies are beating S&P 500 on Mansfield relative strength. The sector itself is 26.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Metal Fabrication stocks are listed in the US?

This comparison covers 14 listed Metal Fabrication companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI