Steel Dynamics, Inc. logo

Steel Dynamics, Inc.

STLD

NASDAQBasic MaterialsSteel

Previous close

$228.68

+$9.68 · +4.42%

Aug 21, 4:00 PM ET

STLD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

49

Neutral

Sentiment

62

Bullish

Risk resilience

54

Elevated Risk

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Company profile

Company website

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.

Industry
Steel
Sector
Basic Materials
Headquarters
US
CEO
Mark D. Millett
Listed since
Nov 22, 1996
Employees
14,400

Market position

Day range

Current $228.68

52-week range

Current $228.68

Open
$223.83
Previous close
$219
Volume
2M
1.63× average
Average volume
1.23M
Average daily volume
Market cap
32.78B USD
Beta
1.53
Market reference 1
50-day average
$246.9
-7.38% below average
200-day average
$206.16
+10.92% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.49B USD
P/E (TTM)
20.66×
P/B (TTM)
3.51×
P/S (TTM)
1.6×
EV / EBITDA
13.47×
Earnings yield
4.73%
Free cash flow yield
2.00%
Dividend yield
0.90%

Profitability & efficiency

Gross margin
14.62%
Operating margin
10.57%
Net margin
7.83%
Return on equity
13.24%
Return on assets
7.22%
Return on invested capital
8.19%

Financial health

Debt / equity
0.44×
Current ratio
3.06×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%22%13%4%Gross margin, FY2021: 29.13%Gross margin, FY2022: 27.48%Gross margin, FY2023: 21.53%Gross margin, FY2024: 15.98%Gross margin, FY2025: 13.01%Operating margin, FY2021: 23.36%Operating margin, FY2022: 22.87%Operating margin, FY2023: 16.77%Operating margin, FY2024: 11.08%Operating margin, FY2025: 8.12%Net margin, FY2021: 17.46%Net margin, FY2022: 17.35%Net margin, FY2023: 13.04%Net margin, FY2024: 8.76%Net margin, FY2025: 6.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.13%. Gross margin FY2022 27.48%. Gross margin FY2023 21.53%. Gross margin FY2024 15.98%. Gross margin FY2025 13.01%. Operating margin FY2021 23.36%. Operating margin FY2022 22.87%. Operating margin FY2023 16.77%. Operating margin FY2024 11.08%. Operating margin FY2025 8.12%. Net margin FY2021 17.46%. Net margin FY2022 17.35%. Net margin FY2023 13.04%. Net margin FY2024 8.76%. Net margin FY2025 6.52%.

Income trends

Revenue

18.18B USD+3.63%

Operating income

1.48B USD-24.04%

Net income

1.19B USD-22.87%
Income trends across reported periods24.37B USD15.94B USD7.51B USD−921.92M USDRevenue, FY2021: 18.41B USDRevenue, FY2022: 22.26B USDRevenue, FY2023: 18.8B USDRevenue, FY2024: 17.54B USDRevenue, FY2025: 18.18B USDOperating income, FY2021: 4.3B USDOperating income, FY2022: 5.09B USDOperating income, FY2023: 3.15B USDOperating income, FY2024: 1.94B USDOperating income, FY2025: 1.48B USDNet income, FY2021: 3.21B USDNet income, FY2022: 3.86B USDNet income, FY2023: 2.45B USDNet income, FY2024: 1.54B USDNet income, FY2025: 1.19B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.41B USD. Revenue FY2022 22.26B USD. Revenue FY2023 18.8B USD. Revenue FY2024 17.54B USD. Revenue FY2025 18.18B USD. Operating income FY2021 4.3B USD. Operating income FY2022 5.09B USD. Operating income FY2023 3.15B USD. Operating income FY2024 1.94B USD. Operating income FY2025 1.48B USD. Net income FY2021 3.21B USD. Net income FY2022 3.86B USD. Net income FY2023 2.45B USD. Net income FY2024 1.54B USD. Net income FY2025 1.19B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue18.18B USD17.54B USD18.8B USD22.26B USD18.41B USD
Cost of goods sold15.81B USD14.74B USD14.75B USD16.14B USD13.05B USD
Gross profit2.36B USD2.8B USD4.05B USD6.12B USD5.36B USD
Selling, general, and administrative888.29M USD664.12M USD588.62M USD545.62M USD643.98M USD
Operating expenses888.29M USD859.55M USD894.7M USD1.03B USD1.06B USD
Interest expense70.04M USD56.35M USD76.48M USD91.54M USD57.21M USD
Depreciation and amortization551.39M USD478.91M USD437.8M USD384.2M USD347.65M USD
Operating income1.48B USD1.94B USD3.15B USD5.09B USD4.3B USD
Net income1.19B USD1.54B USD2.45B USD3.86B USD3.21B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
-0.55%
11 comparable reports
Latest EPS result
3.69
Estimate 3.63 · Beat by 1.65%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.714.192.671.16Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 1.36, estimate 1.69, surprise -19.53%, Miss. Q2 2025, reported Apr 22, 2025: actual 1.44, estimate 1.38, surprise +4.35%, Beat. Q3 2025, reported Jul 21, 2025: actual 2.01, estimate 2.24, surprise -10.27%, Miss. Q4 2025, reported Oct 20, 2025: actual 2.74, estimate 2.63, surprise +4.18%, Beat. Q1 2026, reported Jan 26, 2026: actual 1.82, estimate 1.7, surprise +7.06%, Beat. Q2 2026, reported Apr 22, 2026: actual 2.78, estimate 2.84, surprise -2.11%, Miss. Q3 2026, reported Jul 20, 2026: actual 3.69, estimate 3.63, surprise +1.65%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 5.39, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.59B5.6B4.61B3.62BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 3.87B USD, estimate 3.97B USD, surprise -2.45%, Miss. Q2 2025, reported Apr 22, 2025: actual 4.37B USD, estimate 4.19B USD, surprise +4.16%, Beat. Q3 2025, reported Jul 21, 2025: actual 4.57B USD, estimate 4.72B USD, surprise -3.20%, Miss. Q4 2025, reported Oct 20, 2025: actual 4.83B USD, estimate 4.76B USD, surprise +1.34%, Beat. Q1 2026, reported Jan 26, 2026: actual 4.41B USD, estimate 4.55B USD, surprise -3.02%, Miss. Q2 2026, reported Apr 22, 2026: actual 5.2B USD, estimate 5.1B USD, surprise +2.08%, Beat. Q3 2026, reported Jul 20, 2026: actual 6.09B USD, estimate 5.56B USD, surprise +9.57%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 6.33B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$274.17

19.89% upside
Past 12 months12-month forecastHigh $300Average $274.17Low $260

STLD peers

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