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.

01 · the industry itself · before any single company

How has Metal Fabrication moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 57% ahead of S&P 500. Earnings across its companies grew 35% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 4 weeks running.

TURNING · ahead 4w✓Price and the fundamentals both up5 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 ↑4w · 9/12 >200d (+4) · 5/12 lead (+2) · EPS 8/12↑

Metal Fabrication, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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.

02 · sector relative strength, before individual stocks

Is Metal Fabrication outperforming S&P 500?

Metal Fabrication has outperformed S&P 500 by 27.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.6%. 6 of 12 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. ATI Inc. is the strongest against the sector itself at +25.2%.

+1.6%Sector vs S&P 500 · 13 weeks

+27.3%Sector vs S&P 500 · 52 weeks

6/12Stocks leading S&P 500

5/12Stocks 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 27.3% over 52 weeks and 1.6% over 13 weeks. 6 of 12 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 12 beat the sector itself. Commercial Metals Company leads with revenue of $8,850 million, based on 6 of 14 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

$93.1B

Carpenter Technology Corporation

Revenue growing

5/6

positive TTM year-on-year growth

Beating S&P 500

6/12

positive Mansfield relative strength

Comparing 5 of 14

03 · 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 57.8% evidence confidence.

ATI Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Carpenter Technology CorporationCRS	63.8/100Thin evidence · provisional58% evidence	BREAKING OUT	21.7/35 Revenue — · PAT — · OPM change 4 pp 45% evidence	13.9/25 ROCE 6.5% · OPM 23% 76% evidence	9.0/20 P/E 58.6× · PEG — 15% evidence	19.2/20 RS sector 24.1% · RS bench 35.7% · 1Y 129.2%11 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 13.9 + 9 + 19.2 = 63.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Worthington Enterprises, Inc.WOR	63.2/100Mixed-positive evidence85% evidence	TURNING	32.4/35 Revenue 19.7% · PAT 63.2% · OPM change 15.8 pp 95% evidence	8.5/25 ROCE 1.5% · OPM 6.2% 76% evidence	15.1/20 P/E 18.1× · PEG 0.37 65% evidence	7.2/20 RS sector -15.9% · RS bench -5.6% · 1Y -6.5%2 of 12 weeks ahead 100% evidence
Exact sum: 32.4 + 8.5 + 15.1 + 7.2 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Commercial Metals CompanyCMC	56.2/100Mixed-positive evidence75% evidence	ASLEEP	26.9/35 Revenue 15.2% · PAT 100% · OPM change 3.2 pp 95% evidence	12.4/25 ROCE 3.2% · OPM 9.2% 76% evidence	11.0/20 P/E 14.3× · PEG — 15% evidence	5.9/20 RS sector -11.8% · RS bench -2% · 1Y 34.5%2 of 12 weeks ahead 100% evidence
Exact sum: 26.9 + 12.4 + 11 + 5.9 = 56.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.8% and the one-year return is 34.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Proto Labs, Inc.PRLB	55.0/100Thin evidence · provisional58% evidence	BREAKING OUT	20.2/35 Revenue — · PAT — · OPM change 3.5 pp 45% evidence	8.8/25 ROCE 1.6% · OPM 7.1% 76% evidence	8.8/20 P/E 65.2× · PEG — 15% evidence	17.2/20 RS sector 19.6% · RS bench 32% · 1Y 89.6%11 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 8.8 + 8.8 + 17.2 = 55 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Mueller Industries, Inc.MLI	53.6/100Thin evidence · provisional58% evidence	ASLEEP	19.5/35 Revenue — · PAT — · OPM change 5.6 pp 45% evidence	17.0/25 ROCE 9.3% · OPM 26.2% 76% evidence	10.4/20 P/E 16.7× · PEG — 15% evidence	6.7/20 RS sector -5% · RS bench 5.4% · 1Y 53.5%3 of 12 weeks ahead 100% evidence
Exact sum: 19.5 + 17 + 10.4 + 6.7 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Tredegar CorporationTG	50.6/100Mixed-positive evidence68% evidence	ASLEEP	22.5/35 Revenue 20.2% · PAT — · OPM change 2 pp 62% evidence	7.8/25 ROCE 2.3% · OPM 3.4% 76% evidence	16.5/20 P/E 9.5× · PEG 0.26 65% evidence	3.8/20 RS sector -23.2% · RS bench -14.3% · 1Y -5.7%0 of 12 weeks ahead 70% evidence
Exact sum: 22.5 + 7.8 + 16.5 + 3.8 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7ATI Inc.ATI	50.0/100Mixed-positive evidence81% evidence	BREAKING OUT	14.1/35 Revenue 3% · PAT 5.8% · OPM change 1.4 pp 83% evidence	13.5/25 ROCE 4% · OPM 14.2% 76% evidence	4.3/20 P/E 46.5× · PEG 4.94 65% evidence	18.1/20 RS sector 25.2% · RS bench 36.1% · 1Y 174%9 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 13.5 + 4.3 + 18.1 = 50 · Decision use: Price leads the evidence: RS versus the benchmark is 36.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Insteel Industries Inc.IIIN	40.6/100Thin evidence · provisional52% evidence	TURNING	13.8/35 Revenue — · PAT — · OPM change -4.2 pp 45% evidence	11.4/25 ROCE 3% · OPM 3.9% 76% evidence	10.7/20 P/E 16.4× · PEG — 15% evidence	4.7/20 RS sector -19.8% · RS bench -9.7% · 1Y -8.2%4 of 12 weeks ahead 70% evidence
Exact sum: 13.8 + 11.4 + 10.7 + 4.7 = 40.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9ESAB CorporationESAB	39.9/100Thin evidence · provisional56% evidence	BASING	15.5/35 Revenue — · PAT — · OPM change -4.1 pp 39% evidence	11.8/25 ROCE 2.1% · OPM 12.1% 76% evidence	9.6/20 P/E 28.8× · PEG — 15% evidence	3.0/20 RS sector -30.1% · RS bench -21.4% · 1Y -14.7%0 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 11.8 + 9.6 + 3 = 39.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10Ampco-Pittsburgh CorporationAP	39.7/100Mixed-negative evidence65% evidence	ASLEEP	9.6/35 Revenue 6.1% · PAT -1042.9% · OPM change -1.4 pp 83% evidence	3.8/25 ROCE -0.7% · OPM -2.6% 76% evidence	11.2/20 P/E 9.9× · PEG — 15% evidence	15.1/20 RS sector 23.9% · RS bench 31.9% · 1Y 163.2%6 of 12 weeks ahead 70% evidence
Exact sum: 9.6 + 3.8 + 11.2 + 15.1 = 39.7 · Decision use: Price leads the evidence: RS versus the benchmark is 31.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Ryerson Holding CorporationRYZ	39.3/100Thin evidence · provisional52% evidence	ASLEEP	18.2/35 Revenue — · PAT — · OPM change 1.3 pp 45% evidence	6.0/25 ROCE 1.5% · OPM 1.5% 76% evidence	8.5/20 P/E 109.3× · PEG — 15% evidence	6.6/20 RS sector -13.2% · RS bench -3.6% · 1Y 30.2%5 of 12 weeks ahead 70% evidence
Exact sum: 18.2 + 6 + 8.5 + 6.6 = 39.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Mayville Engineering Company, Inc.MEC	35.5/100Thin evidence · provisional58% evidence	FADING	8.2/35 Revenue -0.2% · PAT -169.6% · OPM change -6.5 pp 62% evidence	3.7/25 ROCE -1.8% · OPM -5.3% 76% evidence	9.9/20 P/E 23.7× · PEG — 15% evidence	13.7/20 RS sector 9.8% · RS bench 19.9% · 1Y 102.7%11 of 12 weeks ahead 70% evidence
Exact sum: 8.2 + 3.7 + 9.9 + 13.7 = 35.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Xinxu Copper Industry Technology LimitedXXC	54.6/100Thin evidence · provisional11% evidence		17.5/35 Revenue — · PAT — · OPM change — 0% evidence	17.1/25 ROCE 18.1% · OPM — 46% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.5 + 17.1 + 10 + 10 = 54.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Nintech Mould Factory Inc.NTMJ	52.8/100Thin evidence · provisional11% evidence		17.5/35 Revenue — · PAT — · OPM change — 0% evidence	15.3/25 ROCE 14% · OPM — 46% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.5 + 15.3 + 10 + 10 = 52.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 14 companies

04 · what price has already done

Market action

ATI Inc. has the strongest one-year price move in Metal Fabrication at +174%. It also leads on Mansfield relative strength against the S&P 500 at +36.1%. 6 of 12 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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. ATI Inc. is next at $4,595 million. Tredegar Corporation has the highest Revenue growth at 20.2%, so level and change sit with different companies. 6 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, 92.6% ahead of ATI Inc.. 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

Gap92.6% versus #2 · ATI Inc.

Persistence4/8 recent comparable periods

Coverage6/14 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

2ATI Inc. ATI$4.6B

3Worthington Enterprises, Inc. WOR$1.4B

4Tredegar Corporation TG$744M

5Mayville Engineering Company, Inc. MEC$555M

Revenue growthfastest growers

1Tredegar Corporation TG20%

2Worthington Enterprises, Inc. WOR20%

3Commercial Metals Company CMC15%

4Ampco-Pittsburgh Corporation AP6.1%

5ATI Inc. ATI3.0%

Revenue · company comparison

6/14 level · 6/14 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Commercial Metals Company CMC	$2.5B	23%	Jun 2026
Ryerson Holding Corporation RYZ	$1.6B	38%	Jun 2026
Mueller Industries, Inc. MLI	$1.2B	19%	Jun 2026
ATI Inc. ATI	$1.2B	0.7%	Mar 2026
Carpenter Technology Corporation CRS	$812M	12%	Jun 2026
ESAB Corporation ESAB	$746M	10%	Jun 2026
Worthington Enterprises, Inc. WOR	$371M	17%	Jun 2026
Tredegar Corporation TG	$186M	13%	Mar 2026
Insteel Industries Inc. IIIN	$173M	7.5%	Jun 2026
Mayville Engineering Company, Inc. MEC	$145M	6.6%	Mar 2026
Proto Labs, Inc. PRLB	$139M	10%	Jun 2026
Ampco-Pittsburgh Corporation AP	$103M	4.0%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021$79M

Dec 2021$88M

Mar 2022$92M

Jun 2022$100M

Sep 2022$97M

Dec 2022$91M

Mar 2023$102M

Jun 2023$107M

Sep 2023$102M

Dec 2023$104M

Mar 2024$110M

Jun 2024$107M

Sep 2024$92M

Dec 2024$98M

Mar 2025$99M

Jun 2025$109M

Sep 2025$104M

Dec 2025$104M

Mar 2026$103M

Jun 2026—

ATI Inc. · ATI

Sep 2021$726M

Dec 2021—

Mar 2022$765M

Jun 2022$960M

Sep 2022$1.0B

Dec 2022—

Mar 2023$1.0B

Jun 2023$1.0B

Sep 2023$1.0B

Dec 2023$1.0B

Mar 2024$1.0B

Jun 2024$1.1B

Sep 2024$1.1B

Dec 2024$1.2B

Mar 2025$1.1B

Jun 2025$1.1B

Sep 2025$1.1B

Dec 2025$1.2B

Mar 2026$1.2B

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021$388M

Dec 2021$396M

Mar 2022$489M

Jun 2022$564M

Sep 2022$523M

Dec 2022$579M

Mar 2023$690M

Jun 2023$758M

Sep 2023$652M

Dec 2023$624M

Mar 2024$685M

Jun 2024$799M

Sep 2024$718M

Dec 2024$677M

Mar 2025$727M

Jun 2025$756M

Sep 2025$734M

Dec 2025$728M

Mar 2026$812M

Jun 2026—

Commercial Metals Company · CMC

Sep 2021$2.0B

Dec 2021$2.0B

Mar 2022$2.0B

Jun 2022$2.5B

Sep 2022$2.4B

Dec 2022$2.2B

Mar 2023$2.0B

Jun 2023$2.3B

Sep 2023$2.2B

Dec 2023$2.0B

Mar 2024$1.8B

Jun 2024$2.1B

Sep 2024$2.0B

Dec 2024$1.9B

Mar 2025$1.8B

Jun 2025$2.0B

Sep 2025$2.1B

Dec 2025$2.1B

Mar 2026$2.1B

Jun 2026$2.5B

ESAB Corporation · ESAB

Sep 2021$630M

Dec 2021$606M

Mar 2022—

Jun 2022$648M

Sep 2022$661M

Dec 2022$664M

Mar 2023$684M

Jun 2023$720M

Sep 2023$681M

Dec 2023$689M

Mar 2024$690M

Jun 2024$707M

Sep 2024$673M

Dec 2024$671M

Mar 2025—

Jun 2025$678M

Sep 2025$716M

Dec 2025$728M

Mar 2026—

Jun 2026$746M

Insteel Industries Inc. · IIIN

Sep 2021$161M

Dec 2021$171M

Mar 2022$178M

Jun 2022$213M

Sep 2022$227M

Dec 2022$208M

Mar 2023—

Jun 2023$159M

Sep 2023$166M

Dec 2023$122M

Mar 2024$127M

Jun 2024$146M

Sep 2024$134M

Dec 2024$130M

Mar 2025$161M

Jun 2025$180M

Sep 2025$177M

Dec 2025$160M

Mar 2026$173M

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021$109M

Dec 2021$113M

Mar 2022$136M

Jun 2022$138M

Sep 2022$136M

Dec 2022$129M

Mar 2023$143M

Jun 2023$139M

Sep 2023$158M

Dec 2023$149M

Mar 2024$161M

Jun 2024$164M

Sep 2024$135M

Dec 2024$121M

Mar 2025$136M

Jun 2025$132M

Sep 2025$144M

Dec 2025$134M

Mar 2026$145M

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021$982M

Dec 2021$956M

Mar 2022$1.0B

Jun 2022$1.2B

Sep 2022$945M

Dec 2022$878M

Mar 2023—

Jun 2023$971M

Sep 2023$897M

Dec 2023$732M

Mar 2024$850M

Jun 2024$998M

Sep 2024$998M

Dec 2024$924M

Mar 2025$1.0B

Jun 2025$1.1B

Sep 2025$1.1B

Dec 2025$962M

Mar 2026$1.2B

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021$125M

Dec 2021$124M

Mar 2022$124M

Jun 2022$127M

Sep 2022$122M

Dec 2022$116M

Mar 2023$126M

Jun 2023$122M

Sep 2023$131M

Dec 2023$125M

Mar 2024$128M

Jun 2024$126M

Sep 2024$126M

Dec 2024$122M

Mar 2025$126M

Jun 2025$135M

Sep 2025$135M

Dec 2025$136M

Mar 2026$139M

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 2021$1.6B

Dec 2021$1.5B

Mar 2022$1.7B

Jun 2022$1.7B

Sep 2022$1.5B

Dec 2022$1.3B

Mar 2023$1.4B

Jun 2023$1.3B

Sep 2023$1.2B

Dec 2023$1.1B

Mar 2024$1.2B

Jun 2024$1.2B

Sep 2024$1.1B

Dec 2024$1.0B

Mar 2025$1.1B

Jun 2025$1.2B

Sep 2025$1.2B

Dec 2025$1.1B

Mar 2026$1.6B

Jun 2026—

Tredegar Corporation · TG

Sep 2021$210M

Dec 2021$221M

Mar 2022$237M

Jun 2022$274M

Sep 2022$238M

Dec 2022$189M

Mar 2023$191M

Jun 2023$178M

Sep 2023$166M

Dec 2023$38M

Mar 2024$144M

Jun 2024$154M

Sep 2024$146M

Dec 2024$154M

Mar 2025$165M

Jun 2025$179M

Sep 2025$195M

Dec 2025$184M

Mar 2026$186M

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021$1.1B

Dec 2021$1.2B

Mar 2022$1.4B

Jun 2022$1.5B

Sep 2022$1.4B

Dec 2022$1.2B

Mar 2023$346M

Jun 2023$369M

Sep 2023$312M

Dec 2023$298M

Mar 2024$317M

Jun 2024$319M

Sep 2024$257M

Dec 2024$274M

Mar 2025$305M

Jun 2025$318M

Sep 2025$304M

Dec 2025$327M

Mar 2026$379M

Jun 2026$371M

Revenue growth · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202211%

Sep 202223%

Dec 20223.4%

Mar 202311%

Jun 20237.0%

Sep 20235.2%

Dec 202314%

Mar 20247.8%

Jun 20240.0%

Sep 2024-9.8%

Dec 2024-5.8%

Mar 2025-10%

Jun 20251.9%

Sep 202513%

Dec 20256.1%

Mar 20264.0%

Jun 2026—

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202256%

Sep 202242%

Dec 2022—

Mar 202332%

Jun 20238.1%

Sep 20231.4%

Dec 2023—

Mar 20243.3%

Jun 20245.5%

Sep 20240.5%

Dec 202414%

Mar 20259.7%

Jun 20254.1%

Sep 20257.1%

Dec 20250.3%

Mar 20260.7%

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202234%

Sep 202235%

Dec 202246%

Mar 202341%

Jun 202334%

Sep 202325%

Dec 20237.8%

Mar 2024-0.7%

Jun 20245.4%

Sep 202410%

Dec 20248.5%

Mar 20256.1%

Jun 2025-5.4%

Sep 20252.2%

Dec 20257.5%

Mar 202612%

Jun 2026—

Commercial Metals Company · CMC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202219%

Dec 202212%

Mar 20230.5%

Jun 2023-6.8%

Sep 2023-8.2%

Dec 2023-10%

Mar 2024-8.4%

Jun 2024-11%

Sep 2024-9.6%

Dec 2024-4.6%

Mar 2025-5.1%

Jun 2025-2.8%

Sep 20256.0%

Dec 202511%

Mar 202622%

Jun 202623%

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20224.9%

Dec 20229.6%

Mar 2023—

Jun 202311%

Sep 20233.0%

Dec 20233.8%

Mar 20240.9%

Jun 2024-1.8%

Sep 2024-1.2%

Dec 2024-2.6%

Mar 2025—

Jun 2025-4.1%

Sep 20256.4%

Dec 20258.5%

Mar 2026—

Jun 202610%

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202241%

Dec 202222%

Mar 2023—

Jun 2023-25%

Sep 2023-27%

Dec 2023-41%

Mar 2024—

Jun 2024-8.2%

Sep 2024-19%

Dec 20246.6%

Mar 202527%

Jun 202523%

Sep 202532%

Dec 202523%

Mar 20267.5%

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202215%

Sep 202225%

Dec 202214%

Mar 20235.2%

Jun 20230.7%

Sep 202316%

Dec 202316%

Mar 202413%

Jun 202418%

Sep 2024-15%

Dec 2024-19%

Mar 2025-16%

Jun 2025-20%

Sep 20256.7%

Dec 202511%

Mar 20266.6%

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202214%

Sep 2022-3.8%

Dec 2022-8.2%

Mar 2023—

Jun 2023-16%

Sep 2023-5.1%

Dec 2023-17%

Mar 2024—

Jun 20242.8%

Sep 202411%

Dec 202426%

Mar 202518%

Jun 202514%

Sep 20258.0%

Dec 20254.1%

Mar 202619%

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20223.3%

Sep 2022-2.4%

Dec 2022-6.5%

Mar 20231.6%

Jun 2023-3.9%

Sep 20237.4%

Dec 20237.8%

Mar 20241.6%

Jun 20243.3%

Sep 2024-3.8%

Dec 2024-2.4%

Mar 2025-1.6%

Jun 20257.1%

Sep 20257.1%

Dec 202511%

Mar 202610%

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202223%

Sep 2022-2.0%

Dec 2022-16%

Mar 2023-20%

Jun 2023-23%

Sep 2023-19%

Dec 2023-14%

Mar 2024-12%

Jun 2024-8.8%

Sep 2024-9.6%

Dec 2024-9.4%

Mar 2025-8.3%

Jun 2025-4.7%

Sep 20253.1%

Dec 20259.7%

Mar 202638%

Jun 2026—

Tredegar Corporation · TG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202230%

Sep 202213%

Dec 2022-14%

Mar 2023-19%

Jun 2023-35%

Sep 2023-30%

Dec 2023-80%

Mar 2024-25%

Jun 2024-13%

Sep 2024-12%

Dec 2024305%

Mar 202515%

Jun 202516%

Sep 202534%

Dec 202519%

Mar 202613%

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202227%

Dec 2022-4.6%

Mar 2023-75%

Jun 2023-76%

Sep 2023-78%

Dec 2023-75%

Mar 2024-8.4%

Jun 2024-14%

Sep 2024-18%

Dec 2024-8.1%

Mar 2025-3.8%

Jun 2025-0.3%

Sep 202518%

Dec 202519%

Mar 202624%

Jun 202617%

06 · 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

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Mueller Industries, Inc. MLI	26%	+5.6 pp	Jun 2026
Carpenter Technology Corporation CRS	23%	+4.0 pp	Jun 2026
ATI Inc. ATI	14%	+1.4 pp	Mar 2026
ESAB Corporation ESAB	12%	−4.1 pp	Jun 2026
Commercial Metals Company CMC	9.2%	+3.2 pp	Jun 2026
Proto Labs, Inc. PRLB	7.1%	+3.5 pp	Jun 2026
Worthington Enterprises, Inc. WOR	6.2%	+15.8 pp	Jun 2026
Insteel Industries Inc. IIIN	3.9%	−4.2 pp	Jun 2026
Tredegar Corporation TG	3.4%	+2.0 pp	Mar 2026
Ryerson Holding Corporation RYZ	1.5%	+1.3 pp	Jun 2026
Ampco-Pittsburgh Corporation AP	-2.6%	−1.4 pp	Mar 2026
Mayville Engineering Company, Inc. MEC	-5.3%	−6.5 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021-6.3%

Dec 2021-3.2%

Mar 2022-2.9%

Jun 2022-0.2%

Sep 2022-2.3%

Dec 2022-2.2%

Mar 2023-0.4%

Jun 20232.8%

Sep 20231.7%

Dec 2023-44%

Mar 2024-0.1%

Jun 20241.0%

Sep 2024-2.4%

Dec 2024-2.3%

Mar 2025-1.2%

Jun 2025-6.7%

Sep 2025-3.0%

Dec 2025-6.7%

Mar 2026-2.6%

Jun 2026—

ATI Inc. · ATI

Sep 20214.1%

Dec 2021—

Mar 20228.8%

Jun 2022-1.2%

Sep 202211%

Dec 2022—

Mar 202314%

Jun 202311%

Sep 202312%

Dec 202312%

Mar 202411%

Jun 202413%

Sep 202414%

Dec 202418%

Mar 202513%

Jun 202514%

Sep 202514%

Dec 202515%

Mar 202614%

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021-4.9%

Dec 2021-8.0%

Mar 20220.2%

Jun 20224.4%

Sep 20221.6%

Dec 20223.9%

Mar 20235.7%

Jun 20238.3%

Sep 202311%

Dec 202311%

Mar 202411%

Jun 202414%

Sep 202416%

Dec 202418%

Mar 202519%

Jun 202520%

Sep 202521%

Dec 202521%

Mar 202623%

Jun 2026—

Commercial Metals Company · CMC

Sep 202110%

Dec 202114%

Mar 202213%

Jun 202217%

Sep 202215%

Dec 202216%

Mar 202312%

Jun 202314%

Sep 202311%

Dec 202312%

Mar 20247.0%

Jun 20248.3%

Sep 20247.6%

Dec 2024-12%

Mar 20252.7%

Jun 20256.0%

Sep 20259.9%

Dec 20259.8%

Mar 20267.1%

Jun 20269.2%

ESAB Corporation · ESAB

Sep 202113%

Dec 202113%

Mar 2022—

Jun 202213%

Sep 202213%

Dec 202212%

Mar 202313%

Jun 202315%

Sep 202315%

Dec 202315%

Mar 202416%

Jun 202417%

Sep 202416%

Dec 202417%

Mar 2025—

Jun 202516%

Sep 202515%

Dec 202515%

Mar 2026—

Jun 202612%

Insteel Industries Inc. · IIIN

Sep 202115%

Dec 202119%

Mar 202217%

Jun 202223%

Sep 202222%

Dec 202215%

Mar 2023—

Jun 20233.7%

Sep 20237.5%

Dec 2023-0.1%

Mar 20246.1%

Jun 20245.1%

Sep 20243.5%

Dec 20240.5%

Mar 20258.1%

Jun 202511%

Sep 202511%

Dec 20255.8%

Mar 20263.9%

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 20210.8%

Dec 2021-15%

Mar 20224.1%

Jun 20226.1%

Sep 20226.5%

Dec 20222.2%

Mar 20233.3%

Jun 20233.1%

Sep 20233.7%

Dec 20233.6%

Mar 20244.7%

Jun 20245.0%

Sep 20244.2%

Dec 202419%

Mar 20251.2%

Jun 20250.1%

Sep 20250.0%

Dec 2025-4.1%

Mar 2026-5.3%

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 202124%

Dec 202118%

Mar 202221%

Jun 202223%

Sep 202222%

Dec 202222%

Mar 2023—

Jun 202324%

Sep 202324%

Dec 202319%

Mar 202422%

Jun 202421%

Sep 202421%

Dec 202418%

Mar 202521%

Jun 202527%

Sep 202526%

Dec 202518%

Mar 202626%

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 20215.5%

Dec 202111%

Mar 20226.4%

Jun 20224.1%

Sep 20225.0%

Dec 20221.2%

Mar 20233.0%

Jun 20234.6%

Sep 20238.0%

Dec 20236.7%

Mar 20245.3%

Jun 20244.8%

Sep 20246.8%

Dec 2024-1.2%

Mar 20253.6%

Jun 20253.7%

Sep 20256.5%

Dec 20255.5%

Mar 20267.1%

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 202112%

Dec 20219.7%

Mar 202213%

Jun 202216%

Sep 20225.5%

Dec 2022-2.1%

Mar 20235.0%

Jun 20234.3%

Sep 20234.5%

Dec 20233.9%

Mar 20240.1%

Jun 20241.9%

Sep 20240.5%

Dec 20240.3%

Mar 20250.2%

Jun 20250.5%

Sep 2025-0.1%

Dec 2025-3.1%

Mar 20261.5%

Jun 2026—

Tredegar Corporation · TG

Sep 20214.1%

Dec 20214.4%

Mar 20227.7%

Jun 20227.4%

Sep 20221.3%

Dec 2022-2.6%

Mar 20230.7%

Jun 2023-11%

Sep 2023-36%

Dec 2023-166%

Mar 20244.3%

Jun 20246.5%

Sep 2024-0.9%

Dec 20243.2%

Mar 20251.4%

Jun 20251.8%

Sep 20255.1%

Dec 20256.3%

Mar 20263.4%

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 202112%

Dec 20217.3%

Mar 20222.7%

Jun 20224.3%

Sep 20224.7%

Dec 2022-0.6%

Mar 20231.2%

Jun 20234.1%

Sep 2023-2.3%

Dec 2023-4.8%

Mar 20241.4%

Jun 2024-18%

Sep 2024-1.8%

Dec 20241.3%

Mar 20256.9%

Jun 2025-9.6%

Sep 20253.0%

Dec 20253.7%

Mar 20268.3%

Jun 20266.2%

Margin change · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.5 pp

Sep 2022+4.0 pp

Dec 2022+1.0 pp

Mar 2023+2.5 pp

Jun 2023+3.0 pp

Sep 2023+4.0 pp

Dec 2023−42.0 pp

Mar 2024+0.3 pp

Jun 2024−1.8 pp

Sep 2024−4.1 pp

Dec 2024+41.9 pp

Mar 2025−1.1 pp

Jun 2025−7.7 pp

Sep 2025−0.6 pp

Dec 2025−4.4 pp

Mar 2026−1.4 pp

Jun 2026—

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+0.6 pp

Sep 2022+6.9 pp

Dec 2022—

Mar 2023+4.8 pp

Jun 2023+12.0 pp

Sep 2023+0.5 pp

Dec 2023—

Mar 2024−2.6 pp

Jun 2024+2.2 pp

Sep 2024+2.0 pp

Dec 2024+5.6 pp

Mar 2025+1.8 pp

Jun 2025+1.1 pp

Sep 2025+0.9 pp

Dec 2025−3.3 pp

Mar 2026+1.4 pp

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+21.2 pp

Sep 2022+6.5 pp

Dec 2022+11.9 pp

Mar 2023+5.5 pp

Jun 2023+3.9 pp

Sep 2023+9.0 pp

Dec 2023+7.3 pp

Mar 2024+5.4 pp

Jun 2024+5.3 pp

Sep 2024+5.2 pp

Dec 2024+6.4 pp

Mar 2025+7.9 pp

Jun 2025+6.4 pp

Sep 2025+5.1 pp

Dec 2025+3.7 pp

Mar 2026+4.0 pp

Jun 2026—

Commercial Metals Company · CMC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.6 pp

Dec 2022+2.0 pp

Mar 2023−1.0 pp

Jun 2023−3.0 pp

Sep 2023−3.4 pp

Dec 2023−4.0 pp

Mar 2024−5.2 pp

Jun 2024−5.3 pp

Sep 2024−3.7 pp

Dec 2024−23.3 pp

Mar 2025−4.3 pp

Jun 2025−2.3 pp

Sep 2025+2.3 pp

Dec 2025+21.3 pp

Mar 2026+4.4 pp

Jun 2026+3.2 pp

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022−1.2 pp

Mar 2023—

Jun 2023+2.2 pp

Sep 2023+1.9 pp

Dec 2023+3.2 pp

Mar 2024+2.7 pp

Jun 2024+1.8 pp

Sep 2024+0.8 pp

Dec 2024+1.6 pp

Mar 2025—

Jun 2025−0.7 pp

Sep 2025−0.5 pp

Dec 2025−2.0 pp

Mar 2026—

Jun 2026−4.1 pp

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+7.1 pp

Dec 2022−3.9 pp

Mar 2023—

Jun 2023−19.5 pp

Sep 2023−14.4 pp

Dec 2023−15.2 pp

Mar 2024—

Jun 2024+1.4 pp

Sep 2024−4.0 pp

Dec 2024+0.6 pp

Mar 2025+2.0 pp

Jun 2025+5.6 pp

Sep 2025+7.1 pp

Dec 2025+5.3 pp

Mar 2026−4.2 pp

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2.1 pp

Sep 2022+5.7 pp

Dec 2022+17.4 pp

Mar 2023−0.8 pp

Jun 2023−3.0 pp

Sep 2023−2.8 pp

Dec 2023+1.4 pp

Mar 2024+1.4 pp

Jun 2024+1.9 pp

Sep 2024+0.5 pp

Dec 2024+15.4 pp

Mar 2025−3.5 pp

Jun 2025−4.9 pp

Sep 2025−4.2 pp

Dec 2025−23.1 pp

Mar 2026−6.5 pp

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+7.8 pp

Sep 2022−2.1 pp

Dec 2022+3.7 pp

Mar 2023—

Jun 2023+0.2 pp

Sep 2023+1.8 pp

Dec 2023−3.2 pp

Mar 2024—

Jun 2024−2.6 pp

Sep 2024−2.8 pp

Dec 2024−0.1 pp

Mar 2025−1.0 pp

Jun 2025+5.7 pp

Sep 2025+4.9 pp

Dec 2025−0.5 pp

Mar 2026+5.6 pp

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−9.0 pp

Sep 2022−0.5 pp

Dec 2022−9.4 pp

Mar 2023−3.4 pp

Jun 2023+0.5 pp

Sep 2023+3.0 pp

Dec 2023+5.5 pp

Mar 2024+2.3 pp

Jun 2024+0.2 pp

Sep 2024−1.2 pp

Dec 2024−7.9 pp

Mar 2025−1.7 pp

Jun 2025−1.1 pp

Sep 2025−0.3 pp

Dec 2025+6.7 pp

Mar 2026+3.5 pp

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+4.7 pp

Sep 2022−6.2 pp

Dec 2022−11.8 pp

Mar 2023−8.4 pp

Jun 2023−12.1 pp

Sep 2023−1.0 pp

Dec 2023+6.0 pp

Mar 2024−4.9 pp

Jun 2024−2.4 pp

Sep 2024−4.0 pp

Dec 2024−3.6 pp

Mar 2025+0.1 pp

Jun 2025−1.4 pp

Sep 2025−0.6 pp

Dec 2025−3.4 pp

Mar 2026+1.3 pp

Jun 2026—

Tredegar Corporation · TG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−1.7 pp

Sep 2022−2.8 pp

Dec 2022−7.0 pp

Mar 2023−7.0 pp

Jun 2023−18.5 pp

Sep 2023−37.7 pp

Dec 2023−163.8 pp

Mar 2024+3.6 pp

Jun 2024+17.6 pp

Sep 2024+35.5 pp

Dec 2024+169.6 pp

Mar 2025−2.9 pp

Jun 2025−4.7 pp

Sep 2025+6.0 pp

Dec 2025+3.1 pp

Mar 2026+2.0 pp

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−7.5 pp

Dec 2022−7.9 pp

Mar 2023−1.5 pp

Jun 2023−0.2 pp

Sep 2023−7.0 pp

Dec 2023−4.2 pp

Mar 2024+0.2 pp

Jun 2024−21.7 pp

Sep 2024+0.5 pp

Dec 2024+6.1 pp

Mar 2025+5.5 pp

Jun 2025+8.0 pp

Sep 2025+4.8 pp

Dec 2025+2.4 pp

Mar 2026+1.4 pp

Jun 2026+15.8 pp

07 · 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. ATI Inc. is next at $440 million. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 6 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, 35.2% above ATI Inc.. 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

Gap35.2% versus #2 · ATI Inc.

Persistence3/8 recent comparable periods

Coverage6/14 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

2ATI Inc. ATI$440M

3Worthington Enterprises, Inc. WOR$155M

4Tredegar Corporation TG$28M

5Mayville Engineering Company, Inc. MEC$-16M

Profit growthfastest growers

1Commercial Metals Company CMC100%

2Worthington Enterprises, Inc. WOR63%

3ATI Inc. ATI5.8%

4Ampco-Pittsburgh Corporation AP-1,043%

Net profit · company comparison

6/14 level · 4/14 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Mueller Industries, Inc. MLI	$241M	52%	Jun 2026
Commercial Metals Company CMC	$173M	108%	Jun 2026
Carpenter Technology Corporation CRS	$140M	47%	Jun 2026
ATI Inc. ATI	$121M	20%	Mar 2026
ESAB Corporation ESAB	$52M	-29%	Jun 2026
Worthington Enterprises, Inc. WOR	$48M	1,100%	Jun 2026
Proto Labs, Inc. PRLB	$8M	100%	Jun 2026
Ryerson Holding Corporation RYZ	$5M	-900%	Jun 2026
Insteel Industries Inc. IIIN	$5M	-50%	Jun 2026
Tredegar Corporation TG	$5M	400%	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

Sep 2021$-1M

Dec 2021$-12M

Mar 2022$0M

Jun 2022$3M

Sep 2022$1M

Dec 2022$0M

Mar 2023$1M

Jun 2023$1M

Sep 2023$1M

Dec 2023$-41M

Mar 2024$-2M

Jun 2024$3M

Sep 2024$-1M

Dec 2024$3M

Mar 2025$2M

Jun 2025$-7M

Sep 2025$-2M

Dec 2025$-57M

Mar 2026$0M

Jun 2026—

ATI Inc. · ATI

Sep 2021$55M

Dec 2021—

Mar 2022$198M

Jun 2022$-34M

Sep 2022$64M

Dec 2022—

Mar 2023$274M

Jun 2023$87M

Sep 2023$94M

Dec 2023$94M

Mar 2024$68M

Jun 2024$86M

Sep 2024$87M

Dec 2024$142M

Mar 2025$101M

Jun 2025$104M

Sep 2025$114M

Dec 2025$101M

Mar 2026$121M

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021$-15M

Dec 2021$-29M

Mar 2022$-8M

Jun 2022$3M

Sep 2022$-7M

Dec 2022$6M

Mar 2023$19M

Jun 2023$38M

Sep 2023$44M

Dec 2023$43M

Mar 2024$6M

Jun 2024$94M

Sep 2024$85M

Dec 2024$84M

Mar 2025$95M

Jun 2025$112M

Sep 2025$123M

Dec 2025$105M

Mar 2026$140M

Jun 2026—

Commercial Metals Company · CMC

Sep 2021$152M

Dec 2021$233M

Mar 2022$383M

Jun 2022$312M

Sep 2022$289M

Dec 2022$262M

Mar 2023$180M

Jun 2023$234M

Sep 2023$184M

Dec 2023$176M

Mar 2024$86M

Jun 2024$119M

Sep 2024$104M

Dec 2024$-176M

Mar 2025$25M

Jun 2025$83M

Sep 2025$152M

Dec 2025$177M

Mar 2026$93M

Jun 2026$173M

ESAB Corporation · ESAB

Sep 2021$78M

Dec 2021$61M

Mar 2022—

Jun 2022$58M

Sep 2022$58M

Dec 2022$60M

Mar 2023$34M

Jun 2023$69M

Sep 2023$61M

Dec 2023$60M

Mar 2024$63M

Jun 2024$86M

Sep 2024$71M

Dec 2024$74M

Mar 2025—

Jun 2025$73M

Sep 2025$70M

Dec 2025$65M

Mar 2026—

Jun 2026$52M

Insteel Industries Inc. · IIIN

Sep 2021$18M

Dec 2021$25M

Mar 2022$23M

Jun 2022$39M

Sep 2022$39M

Dec 2022$24M

Mar 2023—

Jun 2023$5M

Sep 2023$11M

Dec 2023$1M

Mar 2024$7M

Jun 2024$7M

Sep 2024$5M

Dec 2024$1M

Mar 2025$10M

Jun 2025$15M

Sep 2025$15M

Dec 2025$8M

Mar 2026$5M

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021$0M

Dec 2021$-14M

Mar 2022$4M

Jun 2022$6M

Sep 2022$7M

Dec 2022$2M

Mar 2023$3M

Jun 2023$2M

Sep 2023$1M

Dec 2023$2M

Mar 2024$3M

Jun 2024$4M

Sep 2024$3M

Dec 2024$16M

Mar 2025$0M

Jun 2025$-1M

Sep 2025$-3M

Dec 2025$-4M

Mar 2026$-8M

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021$172M

Dec 2021$127M

Mar 2022$159M

Jun 2022$208M

Sep 2022$156M

Dec 2022$140M

Mar 2023—

Jun 2023$175M

Sep 2023$180M

Dec 2023$119M

Mar 2024$142M

Jun 2024$163M

Sep 2024$172M

Dec 2024$141M

Mar 2025$159M

Jun 2025$248M

Sep 2025$210M

Dec 2025$156M

Mar 2026$241M

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021$5M

Dec 2021$12M

Mar 2022$5M

Jun 2022$3M

Sep 2022$4M

Dec 2022$-115M

Mar 2023$3M

Jun 2023$0M

Sep 2023$8M

Dec 2023$7M

Mar 2024$5M

Jun 2024$5M

Sep 2024$7M

Dec 2024$0M

Mar 2025$4M

Jun 2025$4M

Sep 2025$7M

Dec 2025$6M

Mar 2026$8M

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 2021$50M

Dec 2021$107M

Mar 2022$164M

Jun 2022$196M

Sep 2022$55M

Dec 2022$-27M

Mar 2023$48M

Jun 2023$38M

Sep 2023$35M

Dec 2023$26M

Mar 2024$-7M

Jun 2024$10M

Sep 2024$-6M

Dec 2024$3M

Mar 2025$-5M

Jun 2025$2M

Sep 2025$-14M

Dec 2025$-24M

Mar 2026$5M

Jun 2026—

Tredegar Corporation · TG

Sep 2021$6M

Dec 2021$21M

Mar 2022$16M

Jun 2022$15M

Sep 2022$1M

Dec 2022$-4M

Mar 2023$-1M

Jun 2023$-19M

Sep 2023$-50M

Dec 2023$-29M

Mar 2024$3M

Jun 2024$9M

Sep 2024$-3M

Dec 2024$-7M

Mar 2025$1M

Jun 2025$2M

Sep 2025$7M

Dec 2025$14M

Mar 2026$5M

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021$141M

Dec 2021$113M

Mar 2022$59M

Jun 2022$86M

Sep 2022$65M

Dec 2022$20M

Mar 2023$30M

Jun 2023$50M

Sep 2023$27M

Dec 2023$18M

Mar 2024$22M

Jun 2024$-32M

Sep 2024$24M

Dec 2024$28M

Mar 2025$39M

Jun 2025$4M

Sep 2025$35M

Dec 2025$27M

Mar 2026$45M

Jun 2026$48M

Profit growth · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022200%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023-67%

Sep 20230.0%

Dec 2023—

Mar 2024-300%

Jun 2024200%

Sep 2024-200%

Dec 2024—

Mar 2025—

Jun 2025-333%

Sep 2025—

Dec 2025-2,000%

Mar 2026-100%

Jun 2026—

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202216%

Dec 2022—

Mar 202338%

Jun 2023—

Sep 202347%

Dec 2023—

Mar 2024-75%

Jun 2024-1.2%

Sep 2024-7.5%

Dec 202451%

Mar 202549%

Jun 202521%

Sep 202531%

Dec 2025-29%

Mar 202620%

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20231,167%

Sep 2023—

Dec 2023617%

Mar 2024-68%

Jun 2024147%

Sep 202493%

Dec 202495%

Mar 20251,483%

Jun 202519%

Sep 202545%

Dec 202525%

Mar 202647%

Jun 2026—

Commercial Metals Company · CMC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202290%

Dec 202212%

Mar 2023-53%

Jun 2023-25%

Sep 2023-36%

Dec 2023-33%

Mar 2024-52%

Jun 2024-49%

Sep 2024-43%

Dec 2024-200%

Mar 2025-71%

Jun 2025-30%

Sep 202546%

Dec 2025—

Mar 2026272%

Jun 2026108%

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-26%

Dec 2022-1.6%

Mar 2023—

Jun 202319%

Sep 20235.2%

Dec 20230.0%

Mar 202485%

Jun 202425%

Sep 202416%

Dec 202423%

Mar 2025—

Jun 2025-15%

Sep 2025-1.4%

Dec 2025-12%

Mar 2026—

Jun 2026-29%

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022117%

Dec 2022-4.0%

Mar 2023—

Jun 2023-87%

Sep 2023-72%

Dec 2023-96%

Mar 2024—

Jun 202440%

Sep 2024-55%

Dec 20240.0%

Mar 202543%

Jun 2025114%

Sep 2025200%

Dec 2025700%

Mar 2026-50%

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022100%

Sep 2022—

Dec 2022—

Mar 2023-25%

Jun 2023-67%

Sep 2023-86%

Dec 20230.0%

Mar 20240.0%

Jun 2024100%

Sep 2024200%

Dec 2024700%

Mar 2025-100%

Jun 2025-125%

Sep 2025-200%

Dec 2025-125%

Mar 2026—

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202287%

Sep 2022-9.3%

Dec 202210%

Mar 2023—

Jun 2023-16%

Sep 202315%

Dec 2023-15%

Mar 2024—

Jun 2024-6.9%

Sep 2024-4.4%

Dec 202418%

Mar 202512%

Jun 202552%

Sep 202522%

Dec 202511%

Mar 202652%

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-77%

Sep 2022-20%

Dec 2022-1,058%

Mar 2023-40%

Jun 2023-100%

Sep 2023100%

Dec 2023—

Mar 202467%

Jun 2024—

Sep 2024-13%

Dec 2024-100%

Mar 2025-20%

Jun 2025-20%

Sep 20250.0%

Dec 2025—

Mar 2026100%

Jun 2026—

Ryerson Holding Corporation · RYZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202273%

Sep 202210%

Dec 2022-125%

Mar 2023-71%

Jun 2023-81%

Sep 2023-36%

Dec 2023—

Mar 2024-115%

Jun 2024-74%

Sep 2024-117%

Dec 2024-88%

Mar 2025—

Jun 2025-80%

Sep 2025—

Dec 2025-900%

Mar 2026—

Jun 2026—

Tredegar Corporation · TG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-29%

Sep 2022-83%

Dec 2022-119%

Mar 2023-106%

Jun 2023-227%

Sep 2023-5,100%

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-67%

Jun 2025-78%

Sep 2025—

Dec 2025—

Mar 2026400%

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-54%

Dec 2022-82%

Mar 2023-49%

Jun 2023-42%

Sep 2023-58%

Dec 2023-10%

Mar 2024-27%

Jun 2024-164%

Sep 2024-11%

Dec 202456%

Mar 202577%

Jun 2025—

Sep 202546%

Dec 2025-3.6%

Mar 202615%

Jun 20261,100%

08 · 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 · 225 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 CRS6.5%

5ATI Inc. ATI4.0%

ROCE changefastest improvers

1Worthington Enterprises, Inc. WOR+3.6 pp

2Carpenter Technology Corporation CRS+1.3 pp

3Tredegar Corporation TG+1.3 pp

4Commercial Metals Company CMC+1.2 pp

5Ryerson Holding Corporation RYZ+1.2 pp

Return on capital · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Mueller Industries, Inc. MLI	9.3%	−1.4 pp	Jun 2026
Carpenter Technology Corporation CRS	6.5%	+1.3 pp	Jun 2026
ATI Inc. ATI	4.0%	+0.3 pp	Mar 2026
Commercial Metals Company CMC	3.2%	+1.2 pp	Jun 2026
Insteel Industries Inc. IIIN	3.0%	−2.1 pp	Jun 2026
Tredegar Corporation TG	2.3%	+1.3 pp	Mar 2026
ESAB Corporation ESAB	2.1%	−1.2 pp	Jun 2026
Proto Labs, Inc. PRLB	1.6%	+0.9 pp	Jun 2026
Worthington Enterprises, Inc. WOR	1.5%	+3.6 pp	Jun 2026
Ryerson Holding Corporation RYZ	1.5%	+1.2 pp	Jun 2026
Ampco-Pittsburgh Corporation AP	-0.7%	−0.4 pp	Mar 2026
Mayville Engineering Company, Inc. MEC	-1.8%	−2.2 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021-1.4%

Dec 2021-0.8%

Mar 2022-0.7%

Jun 2022-0.1%

Sep 2022-0.6%

Dec 2022-0.5%

Mar 2023-0.1%

Jun 20230.8%

Sep 20230.5%

Dec 2023-11%

Mar 20240.0%

Jun 20240.3%

Sep 2024-0.5%

Dec 2024-0.5%

Mar 2025-0.3%

Jun 2025-1.7%

Sep 2025-0.8%

Dec 2025-1.8%

Mar 2026-0.7%

Jun 2026—

ATI Inc. · ATI

Sep 20210.8%

Dec 2021—

Mar 20222.0%

Jun 2022-0.3%

Sep 20223.3%

Dec 2022—

Mar 20234.0%

Jun 20233.3%

Sep 20233.5%

Dec 20233.4%

Mar 20243.1%

Jun 20244.0%

Sep 20243.5%

Dec 20245.2%

Mar 20253.7%

Jun 20254.2%

Sep 20254.0%

Dec 20254.2%

Mar 20264.0%

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021-0.7%

Dec 2021-1.2%

Mar 20220.0%

Jun 20220.9%

Sep 20220.3%

Dec 20220.9%

Mar 20231.5%

Jun 20232.4%

Sep 20232.7%

Dec 20232.7%

Mar 20242.9%

Jun 20244.0%

Sep 20244.1%

Dec 20244.3%

Mar 20254.9%

Jun 20255.2%

Sep 20255.2%

Dec 20255.2%

Mar 20266.1%

Jun 20266.5%

Commercial Metals Company · CMC

Sep 2021—

Dec 20217.5%

Mar 20226.6%

Jun 202210%

Sep 20228.3%

Dec 20227.8%

Mar 20234.9%

Jun 20236.1%

Sep 20234.7%

Dec 20234.3%

Mar 20242.3%

Jun 20243.0%

Sep 20242.6%

Dec 2024-3.8%

Mar 20250.8%

Jun 20252.0%

Sep 20253.5%

Dec 20253.1%

Mar 20262.2%

Jun 20263.2%

ESAB Corporation · ESAB

Sep 2021—

Dec 20212.7%

Mar 2022—

Jun 20225.3%

Sep 20225.7%

Dec 20222.6%

Mar 20232.9%

Jun 20233.5%

Sep 20233.3%

Dec 20233.3%

Mar 20243.4%

Jun 20243.6%

Sep 20243.2%

Dec 20243.4%

Mar 2025—

Jun 20253.3%

Sep 20253.1%

Dec 20252.8%

Mar 2026—

Jun 20262.1%

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 202111%

Mar 202211%

Jun 202216%

Sep 202215%

Dec 20228.6%

Mar 2023—

Jun 20231.6%

Sep 20233.2%

Dec 20230.0%

Mar 20242.1%

Jun 20242.0%

Sep 20241.2%

Dec 20240.2%

Mar 20253.6%

Jun 20255.1%

Sep 20254.9%

Dec 20252.5%

Mar 20261.8%

Jun 20263.0%

Mayville Engineering Company, Inc. · MEC

Sep 20210.3%

Dec 2021-5.8%

Mar 20221.7%

Jun 20222.7%

Sep 20222.8%

Dec 20220.9%

Mar 20231.3%

Jun 20231.1%

Sep 20231.5%

Dec 20231.4%

Mar 20242.0%

Jun 20241.9%

Sep 20241.4%

Dec 20245.7%

Mar 20250.4%

Jun 20250.0%

Sep 20250.0%

Dec 2025-1.3%

Mar 2026-1.8%

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 202119%

Dec 202114%

Mar 202216%

Jun 202218%

Sep 202213%

Dec 202212%

Mar 2023—

Jun 202313%

Sep 202311%

Dec 20236.2%

Mar 20248.0%

Jun 20248.6%

Sep 20248.0%

Dec 20246.4%

Mar 20257.8%

Jun 202511%

Sep 20259.2%

Dec 20255.5%

Mar 202610%

Jun 20269.3%

Proto Labs, Inc. · PRLB

Sep 20210.9%

Dec 20211.7%

Mar 20220.9%

Jun 20220.6%

Sep 20220.7%

Dec 20220.2%

Mar 20230.5%

Jun 20230.7%

Sep 20231.3%

Dec 20231.2%

Mar 20241.0%

Jun 20240.8%

Sep 20241.2%

Dec 2024-0.2%

Mar 20250.7%

Jun 20250.7%

Sep 20251.3%

Dec 20251.1%

Mar 20261.4%

Jun 20261.6%

Ryerson Holding Corporation · RYZ

Sep 202113%

Dec 202110%

Mar 202216%

Jun 202218%

Sep 20225.0%

Dec 2022-1.6%

Mar 20234.1%

Jun 20233.2%

Sep 20233.1%

Dec 20232.4%

Mar 20240.0%

Jun 20241.2%

Sep 20240.3%

Dec 20240.1%

Mar 20250.1%

Jun 20250.3%

Sep 2025-0.1%

Dec 2025-1.9%

Mar 20261.0%

Jun 20261.5%

Tredegar Corporation · TG

Sep 20212.1%

Dec 20212.6%

Mar 20224.7%

Jun 20225.4%

Sep 20220.8%

Dec 2022-1.3%

Mar 20230.3%

Jun 2023-5.4%

Sep 2023-16%

Dec 2023-21%

Mar 20242.0%

Jun 20243.4%

Sep 2024-0.5%

Dec 20242.2%

Mar 20251.0%

Jun 20251.3%

Sep 20254.1%

Dec 20254.4%

Mar 20262.3%

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 20213.5%

Mar 20221.4%

Jun 20222.5%

Sep 20222.5%

Dec 2022-0.3%

Mar 20230.1%

Jun 20230.5%

Sep 2023-0.3%

Dec 2023-0.5%

Mar 20240.2%

Jun 2024-2.6%

Sep 2024-0.2%

Dec 20240.2%

Mar 20251.4%

Jun 2025-2.1%

Sep 20250.6%

Dec 20250.8%

Mar 20262.0%

Jun 20261.5%

ROCE change · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.8 pp

Dec 2022+0.3 pp

Mar 2023+0.6 pp

Jun 2023+0.9 pp

Sep 2023+1.1 pp

Dec 2023−10.5 pp

Mar 2024+0.1 pp

Jun 2024−0.5 pp

Sep 2024−1.0 pp

Dec 2024+10.5 pp

Mar 2025−0.3 pp

Jun 2025−2.0 pp

Sep 2025−0.3 pp

Dec 2025−1.3 pp

Mar 2026−0.4 pp

Jun 2026—

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022—

Mar 2023+2.0 pp

Jun 2023+3.6 pp

Sep 2023+0.2 pp

Dec 2023—

Mar 2024−0.9 pp

Jun 2024+0.7 pp

Sep 20240.0 pp

Dec 2024+1.8 pp

Mar 2025+0.6 pp

Jun 2025+0.2 pp

Sep 2025+0.5 pp

Dec 2025−1.0 pp

Mar 2026+0.3 pp

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.0 pp

Dec 2022+2.1 pp

Mar 2023+1.5 pp

Jun 2023+1.5 pp

Sep 2023+2.4 pp

Dec 2023+1.8 pp

Mar 2024+1.4 pp

Jun 2024+1.6 pp

Sep 2024+1.4 pp

Dec 2024+1.6 pp

Mar 2025+2.0 pp

Jun 2025+1.2 pp

Sep 2025+1.1 pp

Dec 2025+0.9 pp

Mar 2026+1.2 pp

Jun 2026+1.3 pp

Commercial Metals Company · CMC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.3 pp

Mar 2023−1.7 pp

Jun 2023−4.0 pp

Sep 2023−3.6 pp

Dec 2023−3.5 pp

Mar 2024−2.6 pp

Jun 2024−3.1 pp

Sep 2024−2.1 pp

Dec 2024−8.1 pp

Mar 2025−1.5 pp

Jun 2025−1.0 pp

Sep 2025+0.9 pp

Dec 2025+6.9 pp

Mar 2026+1.4 pp

Jun 2026+1.2 pp

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.1 pp

Mar 2023—

Jun 2023−1.8 pp

Sep 2023−2.4 pp

Dec 2023+0.7 pp

Mar 2024+0.5 pp

Jun 2024+0.1 pp

Sep 2024−0.1 pp

Dec 2024+0.1 pp

Mar 2025—

Jun 2025−0.3 pp

Sep 2025−0.1 pp

Dec 2025−0.6 pp

Mar 2026—

Jun 2026−1.2 pp

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−2.1 pp

Mar 2023—

Jun 2023−14.3 pp

Sep 2023−11.4 pp

Dec 2023−8.6 pp

Mar 2024—

Jun 2024+0.4 pp

Sep 2024−2.0 pp

Dec 2024+0.2 pp

Mar 2025+1.5 pp

Jun 2025+3.1 pp

Sep 2025+3.7 pp

Dec 2025+2.3 pp

Mar 2026−1.8 pp

Jun 2026−2.1 pp

Mayville Engineering Company, Inc. · MEC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022+6.7 pp

Mar 2023−0.4 pp

Jun 2023−1.6 pp

Sep 2023−1.3 pp

Dec 2023+0.5 pp

Mar 2024+0.7 pp

Jun 2024+0.8 pp

Sep 2024−0.1 pp

Dec 2024+4.3 pp

Mar 2025−1.6 pp

Jun 2025−1.9 pp

Sep 2025−1.4 pp

Dec 2025−7.0 pp

Mar 2026−2.2 pp

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.3 pp

Dec 2022−1.8 pp

Mar 2023—

Jun 2023−4.8 pp

Sep 2023−2.4 pp

Dec 2023−5.6 pp

Mar 2024—

Jun 2024−4.2 pp

Sep 2024−2.9 pp

Dec 2024+0.2 pp

Mar 2025−0.2 pp

Jun 2025+2.1 pp

Sep 2025+1.2 pp

Dec 2025−0.9 pp

Mar 2026+2.2 pp

Jun 2026−1.4 pp

Proto Labs, Inc. · PRLB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.2 pp

Dec 2022−1.5 pp

Mar 2023−0.4 pp

Jun 2023+0.1 pp

Sep 2023+0.6 pp

Dec 2023+1.0 pp

Mar 2024+0.5 pp

Jun 2024+0.1 pp

Sep 2024−0.1 pp

Dec 2024−1.4 pp

Mar 2025−0.3 pp

Jun 2025−0.1 pp

Sep 2025+0.1 pp

Dec 2025+1.3 pp

Mar 2026+0.7 pp

Jun 2026+0.9 pp

Ryerson Holding Corporation · RYZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−7.7 pp

Dec 2022−11.9 pp

Mar 2023−11.7 pp

Jun 2023−15.0 pp

Sep 2023−1.9 pp

Dec 2023+4.0 pp

Mar 2024−4.1 pp

Jun 2024−2.0 pp

Sep 2024−2.8 pp

Dec 2024−2.3 pp

Mar 2025+0.1 pp

Jun 2025−0.9 pp

Sep 2025−0.4 pp

Dec 2025−2.0 pp

Mar 2026+0.9 pp

Jun 2026+1.2 pp

Tredegar Corporation · TG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.3 pp

Dec 2022−3.9 pp

Mar 2023−4.4 pp

Jun 2023−10.8 pp

Sep 2023−17.2 pp

Dec 2023−20.1 pp

Mar 2024+1.7 pp

Jun 2024+8.8 pp

Sep 2024+15.9 pp

Dec 2024+23.6 pp

Mar 2025−1.0 pp

Jun 2025−2.1 pp

Sep 2025+4.6 pp

Dec 2025+2.2 pp

Mar 2026+1.3 pp

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−3.8 pp

Mar 2023−1.3 pp

Jun 2023−2.0 pp

Sep 2023−2.8 pp

Dec 2023−0.2 pp

Mar 2024+0.1 pp

Jun 2024−3.1 pp

Sep 2024+0.1 pp

Dec 2024+0.7 pp

Mar 2025+1.2 pp

Jun 2025+0.5 pp

Sep 2025+0.8 pp

Dec 2025+0.6 pp

Mar 2026+0.6 pp

Jun 2026+3.6 pp

09 · compare level, then change

Valuation Against Growth & Quality

Tredegar Corporation has the lowest 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×. 3 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Tredegar Corporation has the lowest comparable PEG at 0.26×, 29.7% below Worthington Enterprises, Inc.. Only 3 of 14 companies have earnings and growth steady enough for the ratio to mean anything, 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

Coverage3/14 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Tredegar Corporation TG0.3

2Worthington Enterprises, Inc. WOR0.4

3ATI 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

3/14 level · 12/14 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
ATI Inc. ATI	4.9	46.5	Mar 2026
Proto Labs, Inc. PRLB	1.6	65.2	Jun 2026
ESAB Corporation ESAB	1.3	28.9	Jun 2026
Carpenter Technology Corporation CRS	1.2	58.6	Jun 2026
Insteel Industries Inc. IIIN	1.0	16.4	Jun 2026
Mayville Engineering Company, Inc. MEC	0.7	23.7	Mar 2026
Worthington Enterprises, Inc. WOR	0.4	18.1	Jun 2026
Mueller Industries, Inc. MLI	0.4	16.7	Jun 2026
Commercial Metals Company CMC	—	14.3	Jun 2026
Ryerson Holding Corporation RYZ	—	109.3	Jun 2026
Tredegar Corporation TG	—	9.5	Mar 2026
Ampco-Pittsburgh Corporation AP	—	9.9	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.9

Jun 20251.2

Sep 20250.7

Dec 20253.6

Mar 20264.9

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

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Dec 2022—

Mar 2023—

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Dec 2023—

Mar 2024—

Jun 2024—

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Sep 2025—

Dec 2025—

Mar 20261.2

Jun 2026—

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20241.5

Jun 20241.0

Sep 20241.0

Dec 20241.3

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

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Sep 2024—

Dec 2024—

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Jun 20251.0

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Mayville Engineering Company, Inc. · MEC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.7

Dec 2024—

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Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

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Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.6

Sep 20250.5

Dec 20250.6

Mar 20260.4

Jun 2026—

Proto Labs, Inc. · PRLB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

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Jun 2025—

Sep 2025—

Dec 20251.6

Mar 2026—

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.2

Mar 20240.4

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

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Jun 2026—

P/E · reported quarter history

Ampco-Pittsburgh Corporation · AP

Sep 202147.0

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202213.9

Mar 202349.0

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024104.5

Mar 20259.9

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

ATI Inc. · ATI

Sep 2021—

Dec 2021—

Mar 202212.1

Jun 202213.7

Sep 202215.4

Dec 2022—

Mar 202313.4

Jun 202315.8

Sep 202312.9

Dec 202311.3

Mar 202419.0

Jun 202420.9

Sep 202425.5

Dec 202421.8

Mar 202518.5

Jun 202530.1

Sep 202526.8

Dec 202541.0

Mar 202646.5

Jun 2026—

Carpenter Technology Corporation · CRS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023106.6

Jun 202349.2

Sep 202331.0

Dec 202324.5

Mar 202427.2

Jun 202429.6

Sep 202435.2

Dec 202431.8

Mar 202525.5

Jun 202537.3

Sep 202529.9

Dec 202536.5

Mar 202641.4

Jun 202658.6

Commercial Metals Company · CMC

Sep 2021—

Dec 20216.4

Mar 20225.2

Jun 20224.5

Sep 20224.0

Dec 20224.7

Mar 20235.9

Jun 20235.2

Sep 20237.8

Dec 20236.9

Mar 20249.3

Jun 202411.6

Sep 202412.9

Dec 202454.6

Mar 202579.4

Jun 2025150.3

Sep 202577.9

Dec 202516.4

Mar 202616.3

Jun 202614.3

ESAB Corporation · ESAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202212.8

Sep 202212.3

Dec 202212.6

Mar 202317.7

Jun 202319.1

Sep 202319.6

Dec 202325.8

Mar 202427.4

Jun 202422.0

Sep 202424.0

Dec 202427.8

Mar 2025—

Jun 202524.0

Sep 202529.8

Dec 202529.4

Mar 2026—

Jun 202628.9

Insteel Industries Inc. · IIIN

Sep 2021—

Dec 202111.4

Mar 20229.6

Jun 20226.9

Sep 20225.6

Dec 20224.2

Mar 2023—

Jun 20236.9

Sep 202311.9

Dec 202333.3

Mar 202430.8

Jun 202429.8

Sep 202431.2

Dec 202427.8

Mar 202522.7

Jun 202523.6

Sep 202518.3

Dec 202513.4

Mar 202615.1

Jun 202616.4

Mayville Engineering Company, Inc. · MEC

Sep 202155.3

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202246.5

Dec 202213.9

Mar 202317.6

Jun 202319.5

Sep 202328.1

Dec 202338.0

Mar 202434.1

Jun 202432.0

Sep 202435.7

Dec 202412.7

Mar 202512.4

Jun 202518.8

Sep 202523.7

Dec 2025—

Mar 2026—

Jun 2026—

Mueller Industries, Inc. · MLI

Sep 20216.2

Dec 20217.1

Mar 20225.8

Jun 20224.6

Sep 20225.1

Dec 20225.1

Mar 2023—

Jun 20236.2

Sep 20237.7

Dec 20238.9

Mar 202410.8

Jun 202411.8

Sep 202414.0

Dec 202415.1

Mar 202514.0

Jun 202512.6

Sep 202515.1

Dec 202517.2

Mar 202614.2

Jun 202616.7

Proto Labs, Inc. · PRLB

Sep 202158.9

Dec 202142.4

Mar 202242.0

Jun 202254.4

Sep 202242.9

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202359.0

Mar 202446.4

Jun 202432.2

Sep 202431.2

Dec 202459.2

Mar 202558.4

Jun 202566.7

Sep 202582.0

Dec 202557.5

Mar 202653.8

Jun 202665.2

Ryerson Holding Corporation · RYZ

Sep 20215.1

Dec 20213.5

Mar 20223.2

Jun 20221.6

Sep 20221.9

Dec 20223.0

Mar 20235.1

Jun 202313.8

Sep 202310.9

Dec 20238.5

Mar 202413.0

Jun 202410.8

Sep 202419.1

Dec 2024—

Mar 2025109.3

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Tredegar Corporation · TG

Sep 20219.5

Dec 20216.9

Mar 20226.2

Jun 20225.7

Sep 20225.9

Dec 202212.2

Mar 202327.7

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20257.5

Mar 20269.5

Jun 2026—

Worthington Enterprises, Inc. · WOR

Sep 2021—

Dec 20213.6

Mar 20224.4

Jun 20229.3

Sep 20225.1

Dec 20228.0

Mar 20238.9

Jun 20236.7

Sep 20238.0

Dec 20237.4

Mar 202411.4

Jun 202425.9

Sep 202460.3

Dec 202449.3

Mar 202535.6

Jun 202530.7

Sep 202530.9

Dec 202525.9

Mar 202624.9

Jun 202618.1

10 · 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.

11 · 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 2026-08-04. 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 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Metal Fabrication company comparison FAQs

These 22 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 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Metal Fabrication sector outperforming S&P 500?

Which Metal Fabrication company is largest by revenue?

Commercial Metals Company leads with revenue of $8,850 million, based on 6 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 6 of 14 comparable companies.

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

Carpenter Technology Corporation ranks first at 63.8/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Metal Fabrication company has the lowest comparable PEG?

Tredegar Corporation has the lowest comparable PEG at 0.26, among 3 of 14 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Metal Fabrication comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Which Metal Fabrication company is the biggest?

Commercial Metals Company is the largest, with trailing-twelve-month revenue of $8,850 million, ahead of ATI Inc. at $4,595 million. That covers 6 of 14 companies with comparable reporting through Jun 2026.

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 6 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 PEG — where a LOWER number is cheaper — Tredegar Corporation screens cheapest at 0.26×. Only 3 of 14 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Metal Fabrication sector beating the market?

Metal Fabrication has outperformed S&P 500 by 27.3% over the last 52 weeks and 1.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 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?

ATI Inc. 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 63.8 out of 100 with 57.8% evidence confidence, from 21.7 points on growth and earnings, 13.9 on capital efficiency, 9 on valuation and 19.2 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, 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 $93,148 million of combined market value. Carpenter Technology Corporation is the largest at $28,327 million, about 30% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

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 2026-08-04.

How is the Metal Fabrication sector performing?

6 of the 12 covered Metal Fabrication companies are beating S&P 500 on Mansfield relative strength. The sector itself is 27.3% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

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.