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STLDSteel Dynamics, Inc.
$221.76$32.0B
Overview & Verdict
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STLD logoSteel Dynamics, Inc.(STLD)Earnings, Financials & Key Ratios

STLD•NASDAQ
$221.76
27.8× P/E·Price updated Jul 6, 2026
SectorBasic MaterialsIndustrySteelSub-IndustrySteelmakers (Integrated and Mini-Mill)
AboutSteel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. 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. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.Show more
  • Revenue$18.18B+3.6%
  • EBITDA$2.03B-16.3%
  • Net Income$1.19B-22.9%
  • EPS (Diluted)7.99-18.8%
  • Gross Margin13.01%-18.6%
  • EBITDA Margin11.15%-19.2%
  • Operating Margin8.12%-26.7%
  • Net Margin6.52%-25.6%
  • ROE13.26%-23.3%

STLD Price & Volume

Steel Dynamics, Inc. (STLD) stock price & volume — 10-year historical chart

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Cyclical Rebound Supports Steel Dynamics Growth Trajectory

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical margin compression risk

Key Thesis Takeaways

  • Steel Dynamics is currently navigating a cyclical recovery, evidenced by a 19.1% year-over-year revenue growth in 2026Q1, supported by a disciplined EAF-based operational model.
  • While the firm maintains a fortress balance sheet with a 0.46 debt-to-equity ratio, investors should monitor the inherent volatility in cash conversion, as evidenced by the 0.37 OCF/NI ratio in the most recent quarter.
  • Long-term value creation remains tied to the successful scaling of new capacity, though the firm's sensitivity to metal spreads and construction demand warrants a cautious approach to cyclical earnings swings.

Verdict Logic

while the forward P/E of 15.00 suggests potential value, the extreme volatility in free cash flow margins, which swung from 11.5% in 2025Q3 to 0.2% in 2026Q1, necessitates a wait-and-see approach regarding sustained cash conversion.

STLD Growth Metrics

Steel Dynamics, Inc. (STLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.12%
5 Years13.61%
3 Years-6.53%
TTM10.44%

Profit CAGR

10 Years-
5 Years16.57%
3 Years-32.54%
TTM17.23%

EPS CAGR

10 Years-
5 Years25.27%
3 Years-27.45%
TTM23.38%

Return on Capital

10 Years22.76%
5 Years28.82%
3 Years17.25%
Last Year10.9%

STLD Recent Earnings

Steel Dynamics, Inc. (STLD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 22, 2026
Metric
Actual
Est
EPS
$2.78-2.1%
$2.84
Rev
$5.2B+2.1%
$5.1B
Q1 2026
Jan 26, 2026
Metric
Actual
Est
EPS
$1.82+7.1%
$1.70
Rev
$4.4B-3.0%
$4.6B
Q4 2025
Oct 20, 2025
Metric
Actual
Est
EPS
$2.74+4.2%
$2.63
Rev
$4.8B+1.3%
$4.8B
Q3 2025
Jul 21, 2025
Metric
Actual
Est
EPS
$2.01-10.3%
$2.24
Rev
$4.6B-3.2%
$4.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$2.78vs $2.84-2.1%
$5.2Bvs $5.1B+2.1%
Q1 2026Jan 26, 2026
$1.82vs $1.70+7.1%
$4.4Bvs $4.6B-3.0%
Q4 2025Oct 20, 2025
$2.74vs $2.63+4.2%
$4.8Bvs $4.8B+1.3%
Q3 2025Jul 21, 2025
$2.01vs $2.24-10.3%
$4.6Bvs $4.7B-3.2%
Based on last 12 quarters of dataView full earnings history →

Latest STLD News

Recent stock market news and headlines for Steel Dynamics, Inc. (STLD)

GuruFocus·Jun 29, 2026
Steel Dynamics Inc (STLD) Stock Down 4.5% but Still Overvalued -- GF Score: 88/100

On June 29, 2026, Steel Dynamics Inc (STLD) shares fell 4.5% today, bringing the current price to $234.22. The stock has traded in a 52-week range between $119.

Zacks Investment Research·Jun 29, 2026
USNZY vs. STLD: Which Stock Is the Better Value Option?

Investors looking for stocks in the Steel - Producers sector might want to consider either Usinas Siderurgicas de Minas Gerais SA (USNZY) or Steel Dynamics (STLD). But which of these two companies is the best option for those looking for undervalued stocks?

Zacks Investment Research·Jun 26, 2026
Steel Dynamics (STLD) Sees a More Significant Dip Than Broader Market: Some Facts to Know

The latest trading day saw Steel Dynamics (STLD) settling at $245.49, representing a -2.2% change from its previous close.

Zacks Investment Research·Jun 26, 2026
Brokers Suggest Investing in Steel Dynamics (STLD): Read This Before Placing a Bet

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Zacks Investment Research·Jun 19, 2026
STLD Expects Q2 Earnings to Rise on Solid Demand & Higher Steel Prices

Steel Dynamics sees Q2 EPS rising sharply on stronger steel and aluminum profits, despite a write-down tied to moving a planned recycled slab center.

Peers Comparison

Key metrics vs top competitors for Steel Dynamics, Inc. (STLD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STLD logoSTLDSteel Dynamics, Inc.Current
$221.76$31.98B27.753.63%6.52%13.26%0.88%
NUE logoNUENucor Corporation
$223.92$51B29.785.73%6.82%10.58%—
RS logoRSReliance Steel & Aluminum Co.
$377.56$19.3B27.013.32%5.43%11.17%—
CMC logoCMCCommercial Metals Company
$62.70$6.94B84.73-1.61%6.72%13.65%—
CLF logoCLFCleveland-Cliffs Inc.
$9.77$5.57B-3.26-3%-6.42%-20.16%—
WOR logoWORWorthington Industries, Inc.
$54.91$2.72B17.2719.75%11.3%15.79%—

Compare STLD vs Peers

Steel Dynamics, Inc. (STLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NUE

Most directly comparable listed peer for STLD.

Scale Benchmark

vs CAT

Larger-name benchmark to compare STLD against a more recognizable public peer.

Peer Set

Compare Top 5

vs NUE, RS, CMC, CLF

STLD SEC Filings & Documents

Steel Dynamics, Inc. (STLD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 18, 2026·SEC

Material company update

May 8, 2026·SEC

Material company update

Apr 21, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

Apr 27, 2026·SEC

FY 2025

Oct 24, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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STLD Frequently Asked Questions

Steel Dynamics, Inc. (STLD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Steel Dynamics, Inc.'s revenue?

Steel Dynamics, Inc. (STLD) reported $19.01B in revenue for fiscal year 2025. This represents a 7427% increase from $252.6M in 1996.

How fast is Steel Dynamics, Inc. growing?

Steel Dynamics, Inc. (STLD) grew revenue by 3.6% over the past year. Growth has been modest.

Is STLD profitable?

Yes, Steel Dynamics, Inc. (STLD) is profitable, generating $1.37B in net income for fiscal year 2025 (6.5% net margin).

Dividend & Returns
Does STLD pay dividends?

Yes, Steel Dynamics, Inc. (STLD) pays a dividend with a yield of 0.88%. This makes it attractive for income-focused investors.

What is STLD's return on equity?

Steel Dynamics, Inc. (STLD) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

What is Steel Dynamics, Inc.'s free cash flow?

Steel Dynamics, Inc. (STLD) generated $664.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in STLD back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →