YouTube · Q1 2026 · 2026-04-23
STLD · NasdaqGS
Steel Dynamics Inc
Steel · United States
- 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 websiteQ2 2026
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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.
| Metric | STLDSteel Dynamics, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | RSReliance, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | NUENucor CorporationSnapshot 2026-10-06Financial period: 2026-07-04 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$33.99B | US$20.73B | US$56.28B | US$38.50Bn=2 |
| Forward P/EProvider forward earnings estimate | 12.13x | 17.19x | 12.32x | 14.76xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 14.33x | 14.60x | 11.02x | 12.81xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 33.4% | 26.5% | 23.0% | 24.8%n=2 |
| Operating marginLatest reported quarter | 11.5% | 9.5% | 15.7% | 12.6%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 0.7% | 1.7% | 1.2% | 1.4%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 1.43x | 1.14x | 0.78x | 0.96xn=2 |
| Debt / equityTotal debt / positive book equity | 0.47x | 0.27x | 0.31x | 0.29xn=2 |
| Trailing P/ETrailing twelve-month earnings | 21.50x | 23.59x | 19.78x | 21.69xn=2 |
| Price / bookPrice / positive book equity per share | 3.62x | 2.80x | 2.55x | 2.67xn=2 |
| EV / salesEnterprise value / trailing revenue | 1.87x | 1.43x | 1.73x | 1.58xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 83.6% | 42.3% | 93.8% | 68.0%n=2 |
| Gross marginTrailing twelve months | 14.7% | 28.3% | 15.6% | 21.9%n=2 |
| Net marginTrailing twelve months | 7.8% | 5.7% | 8.0% | 6.8%n=2 |
| Return on equityProvider trailing return; positive equity only | 17.6% | 12.2% | 14.5% | 13.4%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 1.1% | 2.2% | 1.9% | 2.0%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.9% | 1.2% | 0.9% | 1.1%n=2 |
| Earnings payoutProvider trailing dividend payout | 18.7% | 28.5% | 17.8% | 23.1%n=2 |
| Current ratioCurrent assets / current liabilities | 3.18x | 4.30x | 2.51x | 3.40xn=2 |
| BetaProvider historical market sensitivity | 1.49 | 0.95 | 1.85 | 1.40n=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.
Reported performance
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Financial data & calculation notes
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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
Q2 20262026-07-21
Steel Dynamics Stock: Record Q2, Earnings +84% — But We Say HOLD (STLD Q2 2026)
Presentation · 2026-07-21 · YouTube
Short takes Q2 2026
STLD: Record Q2, Earnings +84% — But Still a HOLD?
Watch Short on YouTube
Q1 20262026-04-22
STLD Stock: EPS Misses Estimates — Q1 2026 Earnings Analysis
Presentation · 2026-04-22 · YouTube