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STLD · NasdaqGS

Steel Dynamics Inc

Steel · United States

USD 237.14-1.6% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$33.99B
Trailing P/E
21.50x
Forward P/E
12.13x
Quarterly revenue growth
33.4%
Trailing net margin
7.8%
Indicated dividend yield
0.9%

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-19 (provider estimate, not issuer-confirmed).

Company background

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.

Company website

Q2 2026

Go beyond the headline.

Steel Dynamics Stock: Record Q2, Earnings +84% — But We Say HOLD (STLD Q2 2026)

Published 2026-07-21

Comparable businesses

STLD peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricSTLDSteel Dynamics, Inc.Snapshot 2026-10-06Financial period: 2026-06-30RSReliance, Inc.Snapshot 2026-10-06Financial period: 2026-06-30NUENucor CorporationSnapshot 2026-10-06Financial period: 2026-07-04Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$33.99BUS$20.73BUS$56.28BUS$38.50Bn=2
Forward P/EProvider forward earnings estimate12.13x17.19x12.32x14.76xn=2
EV / EBITDAEnterprise value / trailing EBITDA14.33x14.60x11.02x12.81xn=2
Revenue growthLatest quarter vs prior-year quarter33.4%26.5%23.0%24.8%n=2
Operating marginLatest reported quarter11.5%9.5%15.7%12.6%n=2
Free cash flow yieldTrailing cash flow / market cap0.7%1.7%1.2%1.4%n=2
Net debt / EBITDANet debt / trailing EBITDA1.43x1.14x0.78x0.96xn=2
Debt / equityTotal debt / positive book equity0.47x0.27x0.31x0.29xn=2
Trailing P/ETrailing twelve-month earnings21.50x23.59x19.78x21.69xn=2
Price / bookPrice / positive book equity per share3.62x2.80x2.55x2.67xn=2
EV / salesEnterprise value / trailing revenue1.87x1.43x1.73x1.58xn=2
Earnings growthLatest quarter vs prior-year quarter83.6%42.3%93.8%68.0%n=2
Gross marginTrailing twelve months14.7%28.3%15.6%21.9%n=2
Net marginTrailing twelve months7.8%5.7%8.0%6.8%n=2
Return on equityProvider trailing return; positive equity only17.6%12.2%14.5%13.4%n=2
Free cash flow marginTrailing free cash flow / revenue1.1%2.2%1.9%2.0%n=2
Dividend yieldIndicated annual dividend / price0.9%1.2%0.9%1.1%n=2
Earnings payoutProvider trailing dividend payout18.7%28.5%17.8%23.1%n=2
Current ratioCurrent assets / current liabilities3.18x4.30x2.51x3.40xn=2
BetaProvider historical market sensitivity1.490.951.851.40n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Valuation & price history

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Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for STLD

All available reporting periods
Q2 20262026-07-21
Q1 20262026-04-22
Deep Dive2026-04-22

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.