Steel Dynamics Inc (STLD)

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, joist girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, property owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

Symbol
STLD
Exchange
Nasdaq
Sector
Basic Materials
Industry
Steel
Market cap
$33.32B
52 week range
140.77 - 288.74

Valuation

Share price
$231.99 (close of 2026-10-02)
P/E (TTM)
20.98x
Price to book
3.61x
Price to free cash flow
34.87x
Enterprise value
$36.93B
Book value per share
$64.20

Price performance

PeriodChange
1 day+2.57%
5 days-0.71%
1 month-6.32%
3 months+5.26%
6 months+28.74%
Year to date+36.91%
1 year+60.67%
3 years+118.22%
5 years+297.99%
10 years+828.33%
All time+4878.33%

Members of Congress who disclosed STLD trades

Alan Armstrong · Gilbert Ray Cisneros

Super investors holding STLD

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
13.49%
Return on invested capital
9.57%
Return on assets
7.22%
Return on capital employed
10.32%
Gross margin
13.16%
Net margin
6.52%
EBITDA margin
11.15%
Revenue growth
3.63%
Net income growth
-22.87%
Free cash flow growth
2233.81%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.87%
Current ratio
3.18x
Net debt to EBITDA
1.31x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$18.18B
Cost of revenue
$15.78B
Gross profit
$2.39B
EBITDA
$2.03B
Net income
$1.19B
Earnings per share
$8.02
Shares outstanding
147.81M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$18.18B$2.39B$1.19B$8.02
2024-12-31$17.54B$2.80B$1.54B$9.89
2023-12-31$18.80B$4.05B$2.45B$14.72
2022-12-31$22.26B$6.12B$3.86B$21.06
2021-12-31$18.41B$5.36B$3.21B$15.67
2020-12-31$9.59B$1.43B$570.83M$2.61
2019-12-31$10.45B$1.53B$677.90M$3.06
2018-12-31$11.80B$2.32B$1.26B$5.38
2017-12-31$9.36B$1.58B$805.80M$3.38
2016-12-31$7.61B$1.33B$360.01M$1.57

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3113.16%6.52%13.49%9.57%
2024-12-3115.98%8.76%17.52%13.40%
2023-12-3121.53%13.04%28.27%24.95%
2022-12-3127.48%17.35%48.81%45.26%
2021-12-3129.13%17.46%52.61%41.37%
2020-12-3114.96%5.95%13.62%11.85%
2019-12-3114.65%6.49%17.29%15.52%
2018-12-3119.68%10.64%33.26%26.66%
2017-12-3116.89%8.61%25.22%20.61%
2016-12-3117.55%4.73%12.96%12.20%

Cash and debt by year

Period endCashDebt
2025-12-31$769.88M$4.18B
2024-12-31$737.27M$2.80B
2023-12-31$2.12B$2.61B
2022-12-31$2.26B$3.01B
2021-12-31$1.24B$3.01B
2020-12-31$1.37B$3.02B
2019-12-31$1.64B$2.64B
2018-12-31$1.06B$2.35B
2017-12-31$1.03B$2.35B
2016-12-31$841.48M$2.35B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$501.51M$68.98M
2024-12-31-$23.50M$66.59M
2023-12-31$1.86B$61.74M
2022-12-31$3.55B$59.24M
2021-12-31$1.20B$57.72M
2020-12-31-$211.02M$55.60M
2019-12-31$944.35M$47.63M
2018-12-31$1.18B$43.32M
2017-12-31$574.49M$36.20M
2016-12-31$654.60M$31.66M

Dividend history

Most recent payment
2026-09-30
Paid in the last twelve months
$2.09
Payment dateDividend per share
2026-09-30$0.53
2026-06-30$0.53
2026-03-31$0.53
2025-12-31$0.50
2025-09-30$0.50
2025-06-30$0.50
2025-03-31$0.50
2024-12-31$0.46

Investor relations

Next earnings report

Next confirmed report
2026-10-19
Consensus EPS estimate
$5.41

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-20Jun/2026$3.67
2026-04-20Mar/2026$2.79
2026-01-26Dec/2025$1.72
2025-10-20Sep/2025$2.66
2025-07-21Jun/2025$2.05
2025-04-22Mar/2025$1.40
2025-01-22Dec/2024$1.29
2024-10-16Sep/2024$1.98

Filings and sources

Company website
steeldynamics.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Reliance, Inc. (RS) · Nucor Corp (NUE) · Eastman Chemical Co (EMN) · Solstice Advanced Materials Inc. (SOLS) · Albemarle Corp (ALB) · DuPont de Nemours, Inc. (DD) · LyondellBasell Industries N.V. (LYB) · International Flavors & Fragrances Inc (IFF)

All Basic Materials companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades