STLD Stock - Steel Dynamics, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $17.54B | $18.80B | $22.26B | $18.41B | $9.60B |
| Gross Profit | $2.80B | $4.05B | $6.12B | $5.36B | $1.43B |
| Gross Margin | 16.0% | 21.5% | 27.5% | 29.1% | 14.9% |
| Operating Income | $1.94B | $3.15B | $5.09B | $4.30B | $847.14M |
| Net Income | $1.54B | $2.45B | $3.86B | $3.21B | $550.82M |
| Net Margin | 8.8% | 13.0% | 17.4% | 17.5% | 5.7% |
| EPS | $9.89 | $14.72 | $21.06 | $15.67 | $2.61 |
Steel 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 4th 2025 | UBS | Downgrade | Neutral | $165 |
| August 14th 2025 | Wells Fargo | Initiation | Overweight | $143 |
| March 31st 2025 | BMO Capital Markets | Upgrade | Outperform | $145← $135 |
| March 24th 2025 | UBS | Upgrade | Buy | $149 |
| March 7th 2025 | Morgan Stanley | Upgrade | Overweight | $158← $145 |
| February 27th 2025 | Wolfe Research | Upgrade | Peer Perform | - |
| February 11th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $155 |
| January 24th 2025 | Jefferies | Upgrade | Buy | $145← $125 |
| January 3rd 2025 | Exane BNP Paribas | Upgrade | Outperform | - |
| December 12th 2024 | UBS | Downgrade | Neutral | $149← $145 |
| December 2nd 2024 | Goldman | Initiation | Neutral | $155 |
| October 1st 2024 | BofA Securities | Upgrade | Buy | $155← $140 |
| September 17th 2024 | BMO Capital Markets | Reiterated | Market Perform | $127← $135 |
| September 9th 2024 | JP Morgan | Upgrade | Neutral | $131← $120 |
| September 3rd 2024 | UBS | Upgrade | Buy | $145← $129 |
Earnings History & Surprises
STLDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $2.22 | — | — | — |
Q4 2025 | Oct 20, 2025 | $2.66 | $2.74 | +3.0% | ✓ BEAT |
Q3 2025 | Jul 21, 2025 | $2.24 | $2.01 | -10.3% | ✗ MISS |
Q2 2025 | Apr 22, 2025 | $1.38 | $1.44 | +4.3% | ✓ BEAT |
Q1 2025 | Jan 22, 2025 | $1.69 | $1.36 | -19.5% | ✗ MISS |
Q4 2024 | Oct 16, 2024 | $1.97 | $2.05 | +4.1% | ✓ BEAT |
Q3 2024 | Jul 17, 2024 | $2.67 | $2.72 | +1.9% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $3.51 | $3.67 | +4.6% | ✓ BEAT |
Q1 2024 | Jan 23, 2024 | $2.66 | $2.61 | -1.9% | ✗ MISS |
Q4 2023 | Oct 18, 2023 | $3.43 | $3.47 | +1.2% | ✓ BEAT |
Q3 2023 | Jul 19, 2023 | $4.79 | $4.81 | +0.4% | ✓ BEAT |
Q2 2023 | Apr 19, 2023 | $3.52 | $4.01 | +13.9% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $3.79 | $4.37 | +15.3% | ✓ BEAT |
Q4 2022 | Oct 19, 2022 | $5.09 | $5.46 | +7.3% | ✓ BEAT |
Q3 2022 | Jul 20, 2022 | $6.05 | $6.73 | +11.2% | ✓ BEAT |
Q2 2022 | Apr 20, 2022 | $5.66 | $6.02 | +6.4% | ✓ BEAT |
Q1 2022 | Jan 24, 2022 | $5.72 | $5.78 | +1.0% | ✓ BEAT |
Q4 2021 | Oct 18, 2021 | $4.77 | $4.96 | +4.0% | ✓ BEAT |
Q3 2021 | Jul 19, 2021 | $3.42 | $3.40 | -0.6% | ✗ MISS |
Latest News
Steel Dynamics Expects Q4 Steel Operations Profitability To Decline Significantly From Q3, Driven By Lower Selling Prices, Reduced Volumes From Seasonal Demand, And Planned Flat-rolled Mill Maintenance
📉 NegativeSteel Dynamics Sees Q4 GAAP EPS $1.65-$1.69 vs $2.15 Est
📉 NegativeWells Fargo Maintains Overweight on Steel Dynamics, Raises Price Target to $190
📈 PositiveSteel Dynamics Files For Debt Shelf Offering, Size Not Disclosed
➖ NeutralJefferies Maintains Buy on Steel Dynamics, Raises Price Target to $190
📈 PositiveJP Morgan Maintains Neutral on Steel Dynamics, Raises Price Target to $190
➖ NeutralSteel Dynamics Files For Two-Part Notes Offering Of Up $800M
➖ NeutralWells Fargo Maintains Overweight on Steel Dynamics, Raises Price Target to $172
📈 PositiveUBS Downgrades Steel Dynamics to Neutral, Raises Price Target to $165
➖ NeutralCitigroup Maintains Buy on Steel Dynamics, Raises Price Target to $180
📈 PositiveCNBC Halftime Report Final Trades: FTAI Aviation, NextEra Energy, iShares Expanded Tech-Software Sector ETF, Steel Dynamics
➖ NeutralKeybanc Maintains Overweight on Steel Dynamics, Raises Price Target to $165
📈 PositiveSteel Dynamics Unveils BIOEDGE and EDGE Steels to Help Customers Go Greener
📈 PositiveJefferies Maintains Buy on Steel Dynamics, Raises Price Target to $180
📈 PositiveWells Fargo Maintains Overweight on Steel Dynamics, Raises Price Target to $169
📈 PositiveBMO Capital Maintains Outperform on Steel Dynamics, Raises Price Target to $167
📈 PositiveSteel Dynamics Says Expect To Benefit From Stronger Demand Across Our Platforms, Including Aluminum Flat Rolled Products, As We Move Into 2026; As It Relates To Long Product Steel Demand And Pricing, Structural Steel And Railroad Rail Have Remained Very Strong
📈 PositiveSteel Dynamics Says View Reduction In Unfairly Traded Imports As Significant Tailwind For Operations & Market Positioning; Anticipate Broader Market Dynamics To Positively Influence Performance Across Operating Platforms; Seen Some Order Hesitancy From Flat Rolled Steel Customers Due To Domestic Trade Actions, Despite Numerous Encouraging Demand Drivers
📈 PositiveSteel Dynamics Q3 EPS $2.74 Beats $2.64 Estimate, Sales $4.828B Beat $4.797B Estimate
📈 PositiveJP Morgan Maintains Neutral on Steel Dynamics, Raises Price Target to $160
➖ NeutralFrequently Asked Questions about STLD
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