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STLD US​

Steel Dynamics Inc(STLD US)

$241.53+1.630.68%Ext:$237.00-4.531.87%(Market Closed · 23:55:40 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Steel Dynamics Inc — Company Profile

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Exchange
UQ
CEO
Mark D. Millett
Headquarters
Fort Wayne, IN, US
IPO Date
Nov 22, 1996
Employees
14,400
Website
www.steeldynamics.com

Key Metrics

Price
$231.99
Market Cap
$33.25B
Revenue (TTM)
$5.20B
Net Income (TTM)
$403.44M
EPS (TTM)
2.79
P/E (TTM)
24.24
P/B (TTM)
3.63
Dividend Yield
79.19%
ROE (TTM)
4.40%
ROA (TTM)
2.41%
Operating Margin
11.30%
Beta
0.77

Dividends

Last Dividend
$0.53
Last Yield
0.79%

Summary

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

Website
www.steeldynamics.com
Location
Fort Wayne, IN, US
Phone260 969 3500
Employees14,400
CEOMark D. Millett
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
IPO DateNov 22, 1996

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Latest Documents

SEC Filings(2.7K)

Expand
  • 10-QQ3ended 30 Sept 202623 Oct
  • 8-KResults of Operations and Financial Condition20 Oct
  • 8-KOther Events19 Oct
  • 4Sierra Luis Manuel9 Oct
  • 4Seaman Bradley S9 Oct
  • 4Hamann Jennifer L9 Oct
  • 4DOLAN TRACI M9 Oct
  • 4Cornew Kenneth W.9 Oct
  • 4BARGABOS SHEREE L9 Oct
  • 8-KRegulation FD Disclosure18 Sep
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers18 Aug
  • 4Hamann Jennifer L14 Aug
  • 8-KOther Events14 Aug
  • SC 13GSTEEL DYNAMICS INC6 Aug
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers4 Aug
  • 4MILLETT MARK D28 Jul
  • 10-QQ2ended 30 Jun 202628 Jul
  • 8-KResults of Operations and Financial Condition21 Jul
  • 4Sierra Luis Manuel14 Jul
  • 4Seaman Bradley S14 Jul

News

  • Cleveland-Cliffs Surges 7% While Steel Fund Slips; Steel Dynamics Climbs 3%, Nucor Edges Higher23 Oct
  • Steel Dynamics Eyes New Highs Despite Earnings Miss21 Oct
  • 2 Steel Giants Just Reported Earnings—and Told Very Different Stories21 Oct
  • Steel Dynamics: 3 Key Takeaways for Long-Term Investors21 Oct
  • Steel Dynamics, Inc. (STLD) Q3 2026 Earnings Call Transcript20 Oct
  • Steel Dynamics Q3 Earnings Call Highlights20 Oct
  • STLD Q3 Earnings Miss Estimates Despite Strong Steel Pricing20 Oct
  • Nasdaq Futures Slide Over 200 Points as Chip Rally Sours20 Oct
  • Steel Dynamics: Strong Expectations Already Priced In20 Oct
  • Reminder: Steel Dynamics Announces Third Quarter 2026 Earnings Conference Call and Webcast20 Oct
  • Steel Dynamics (STLD) Reports Q3 Earnings: What Key Metrics Have to Say19 Oct
  • Steel Dynamics (STLD) Q3 Earnings Miss Estimates19 Oct
  • Steel Dynamics Reports Higher Profit on Improved Pricing, Lower Imports19 Oct
  • Steel Dynamics Reports Third Quarter 2026 Results19 Oct
  • 4 Stocks to Watch This Earnings Season (Beyond Big Tech and AI)19 Oct
  • Steel Dynamics Announces Leadership Promotions19 Oct
  • 4 Stocks To Watch This Earnings Season Beyond Big Tech And AI19 Oct
  • Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher19 Oct
  • Cleveland-Cliffs Drops 4% as Tariff Doubt Returns; Nucor and Steel Dynamics Slip15 Oct
  • Steel Dynamics (STLD) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures14 Oct

Mentions in Filings

  • … rts at Union Pacific for Susan G. Komen’s Race for the Cure. Her leadership extended beyond Union Pacific through service on several corporate and industry boards, including TTX Company, Grupo Ferroviario Mexicano and <strong>Steel Dynamics</strong>. “For 35 years, she led with integrity and heart, guiding our finances through historic challenges, executing our strategy, mentoring future leaders and representing Union Pacific across the industry,” said Jim Vena, …
    UNION PACIFIC CORPSteel Dynamics Inc·EX-99.1 - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·16 Oct
  • … vanced biocarbon manufacturing base in the world Proven technical expertise with portfolio of 600+ patents Deep relationships with high-quality, investment grade customers Backed by industry-leading partners including <strong>Steel Dynamics</strong>, Rio Tinto & Nippon Steel JV executed for first facility at WY’s lumber mill in McComb, MS Creates new cash flow stream & leverages our integrated portfolio Attractive new investment opportunity with flexible ownershi …
    WEYERHAEUSER COSteel Dynamics Inc·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·24 Sep
  • … ver ~40% since introduction of increased Section 232 tariffs USA market conditions improving, Nucor, Cliffs & SDI are bullish about U.S. steel demand for balance of 2026 and through 2027 Investments continue at Nucor, <strong>Steel Dynamics</strong>, Novelis and USS-Nippon Mexico, Canada, and Europe implementing their own industry protections Europe implemented new strict protections July 1st --- Air and Liquid Processing Segment Ampco-Pittsburgh Investor Pres
    AMPCO PITTSBURGH CORPSteel Dynamics Inc·EX-99 - 8-K - Regulation FD Disclosure·Q3 26·23 Sep
  • … vanced biocarbon manufacturing base in the world Proven technical expertise with portfolio of 600+ patents Deep relationships with high-quality, investment grade customers Backed by industry-leading partners including <strong>Steel Dynamics</strong>, Rio Tinto & Nippon Steel JV executed for first facility at WY’s lumber mill in McComb, MS Creates new cash flow stream & leverages our integrated portfolio Attractive new investment opportunity with flexible ownershi …
    WEYERHAEUSER COSteel Dynamics Inc·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·27 Aug
  • … | ​ | ​ | ​ | 16,177,000 | ​ | ​ | | Newmont Corporation | ​ | ​ | ​ | ​ | 119,000 | ​ | ​ | ​ | ​ | ​ | 13,725,460 | ​ | ​ | | Nucor Corporation | ​ | ​ | ​ | ​ | 42,700 | ​ | ​ | ​ | ​ | ​ | 9,981,125 | ​ | ​ | | <strong>Steel Dynamics, Inc.</strong> | ​ | ​ | ​ | ​ | 11,026 | ​ | ​ | ​ | ​ | ​ | 2,443,472 | ​ | ​ | | ​ | | | | | | | ​ | ​ | ​ | ​ | 42,327,057 | ​ | ​ | | Total Common Stocks | | | | | | | | | | | | | ​ | | (Cost $537,776,961) | ​ | ​ | ​ | ​ | …
    ADAMS NATURAL RESOURCES FUND, INC.Steel Dynamics Inc·N-30B-2·Q3 26·21 Oct
  • … 13,800 | | ON | ON Semiconductor Corporation \* | | 7.69% | | 189 | | 73.12 | | 13,820 | | STX | Seagate Technology Holdings Plc † | | 7.72% | | 21 | | 660.81 | | 13,877 | | TSM | Taiwan Semiconductor Manufacturing Company Limited (ADR) † | | 7.72% | | 33 | | 420.22 | | 13,867 | | Materials (7.64%): | | | | | | | | | | | STLD | <strong>Steel Dynamics, Inc.</strong> | | 7.64% | | 56 | | 245.17 | | 13,730 | | | Total Investments | | 100.00% | | | | | $ | 179,713 | …
    FT 13291Steel Dynamics Inc·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·20 Oct

Key Stats

Trading

Px/Chg 1D$231.99 / +2.57%
Avg Volume1.19M
Beta0.77
Mkt Cap33.25B
FD Mkt Cap33.59B

Float

Shrs Out/Float143.33M / 133.64M
Short Float0.03%
Days to Cover2.25
Stock Repurchased$115.09M

Current Valuation

EV36.86B
EV/EBITDA14.50
EV/Sales1.94
P/B3.63
P/S1.75
FCF Yield0.03%
ROE4.40%
ROA2.41%
Current Ratio3.13

Dividend

Cash$0.53
Yield79.19%
Yield (TTM)79.19%

Estimates

P/E24.24
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings46.704.589.1613.20124.1582.42
Price / Sales3.400.791.191.167.486.39
Price / Book Value2.862.172.532.273.693.63
Price / Free Cash Flow552.574.9812.06-863.03392.173,216.67
ENTERPRISE VALUE METRICS
Enterprise Value27,907.519,081.224,100.923,050.736,441.336,863.5
Enterprise Value / Sales3.760.861.281.318.267.08
Enterprise Value / EBITDA27.503.476.469.1575.3243.10
Enterprise Value / EBIT36.653.737.3111.30107.9552.96

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-31.7%18,408.922,260.818,795.317,540.418,176.6
Gross Income-18.5%5,362.46,117.84,045.92,802.62,364.3
EBITDA-17.7%4,613.95,496.83,733.22,518.12,114.4
EBIT-22.2%4,266.35,112.63,295.42,039.21,563.0
Net Income-22.1%3,214.13,862.72,450.91,537.11,185.6
EPS (Diluted)-15.3%15.5620.9214.649.847.99
BALANCE SHEET
Cash & ST Inv-11.3%1,243.92,256.62,122.1737.3769.9
Total Assets7%12,531.214,160.014,908.414,935.216,412.9
Total Liabilities4.8%6,211.16,064.26,068.95,990.07,482.4
Total Shareholder Equity9.2%6,304.68,130.48,866.78,934.38,957.2
CASH FLOW
Net Operating Cash Flow-9.9%2,204.14,460.43,519.91,844.51,449.5
Cap Ex-1.5%-1,006.2-908.9-1,657.9-1,868.0-948.0
Free Cash Flow-19.6%1,197.93,551.51,862.0-23.5501.5

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)241.53
Basic Shares143.33
Market Cap34,618.0
Diluted Shares143.62
Fully Diluted Shares Outstanding143.62
Fully Diluted Market Cap34,689.3
+Consolidated Debt4,203.9
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-928.6
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-62.9
+Pension Liabilities—
Enterprise Value37,830.5

Segment data

Revenue

by Products and services

  • Steel Operations72%
  • Metals Recycling Operations11%
  • Steel Fabrication Operations8%
  • Other7%
  • Aluminum Operations2%

Revenue

by Geography

  • U [s]100%

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