Steel Dynamics
STLD
234.09
-4.08
-1.71%
Steel Dynamics
US · STLD
#646 by market cap
Listed 1970
234.09
-4.08
-1.71%
Live - 5344 symbols - heartbeat 96s ago
· 2026-10-08 06:00
Pre-market
235.66
+0.67%
After-hours
234.09
0.00%
Overnight
232.86
-0.53%
- Market cap
- 33.55B
- P/E (TTM)i
- 21.24
- P/Bi
- 3.56
- EPSi
- 7.99
- Div yieldi
- 0.88%
- 52W posi
- 64%
Reader sentiment
Are you bullish or bearish on STLD?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.77, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +3.63% YoY
Margins
- Gross margin
- 13.16%
- Operating margin
- 8.80%
- Net margin
- 6.52%
Key ratios & quality
- Enterprise valuei
- 36.99B
- Altman Z-Scorei
- 5.77
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.82B | 10.46B | 9.60B | 18.41B | 22.26B | 18.80B | 17.54B | 18.18B |
| Gross profit | 2.32B | 1.53B | 1.43B | 5.36B | 6.12B | 4.05B | 2.80B | 2.39B |
| Selling & admin expenses | 416.64M | 436.50M | 477.45M | 643.98M | 545.62M | 588.62M | 664.12M | 765.31M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.88B | 1.06B | 928.28M | 4.69B | 5.54B | 3.42B | 2.11B | 1.60B |
| Pretax profit | 1.62B | 875.34M | 705.48M | 4.21B | 5.02B | 3.22B | 1.98B | 1.49B |
| Tax | 363.97M | 197.44M | 134.65M | 962.26M | 1.14B | 751.61M | 432.93M | 305.66M |
| Net profit | 1.26B | 677.90M | 570.83M | 3.25B | 3.88B | 2.47B | 1.55B | 1.19B |
| Basic EPS | 5 | 3 | 3 | 16 | 21 | 15 | 10 | 8 |
| Diluted EPS | 5.35 | 3.04 | 2.59 | 15.56 | 20.92 | 14.64 | 9.84 | 7.99 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.37B | 4.57B | 4.83B | 4.41B | 5.20B | 6.09B |
| Gross profit | 486.54M | 618.47M | 757.88M | 529.29M | 763.22M | 958.97M |
| Selling & admin expenses | 181.81M | 198.01M | 200.84M | 184.65M | 175.22M | 193.45M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 297.84M | 413.56M | 550.15M | 337.43M | 580.20M | 757.79M |
| Pretax profit | 280.65M | 387.87M | 513.85M | 310.61M | 513.21M | 683.46M |
| Tax | 62.98M | 86.68M | 109.92M | 46.09M | 113.11M | 152.68M |
| Net profit | 217.68M | 301.19M | 403.93M | 264.52M | 400.11M | 530.79M |
| Basic EPS | 1 | 2 | 3 | 2 | 3 | 4 |
| Diluted EPS | 1.44 | 2.01 | 2.74 | 1.82 | 2.78 | 3.69 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 4.03B | 4.25B | 4.26B | 6.90B | 7.64B | 6.79B | 5.43B | 6.48B |
| Cash & ST investments | 1.06B | 1.64B | 1.37B | 1.24B | 2.26B | 2.12B | 737.28M | 769.88M |
| Inventory | 1.86B | 1.69B | 1.84B | 3.53B | 3.13B | 2.89B | 3.11B | 3.74B |
| Total assets | 7.70B | 8.28B | 9.27B | 12.53B | 14.16B | 14.91B | 14.94B | 16.42B |
| Total current liabilities | 1.02B | 1.01B | 1.26B | 2.23B | 2.03B | 2.33B | 2.15B | 2.12B |
| Short-term debt | 24.23M | 89.36M | 86.89M | 97.17M | 57.33M | 459.99M | 426.99M | 34.66M |
| Long-term debt | 2.35B | 2.64B | 3.02B | 3.01B | 3.01B | 2.61B | 2.80B | 4.18B |
| Total liabilities | 3,816,334,000.00 | 4,210,910,000.00 | 4,917,336,000.00 | 6,211,063,000.00 | 6,064,179,000.00 | 6,068,893,000.00 | 5,989,987,000.00 | 7,489,369,000.00 |
| Total equity | 3.89B | 4.06B | 4.35B | 6.32B | 8.10B | 8.84B | 8.95B | 8.93B |
| Retained earnings | 3.96B | 4.42B | 4.76B | 7.76B | 11.38B | 13.55B | 14.80B | 15.69B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 6.22B | 5.69B | 6.08B | 6.48B | 6.80B | 7.28B |
| Cash & ST investments | 1.21B | 497.63M | 770.36M | 769.88M | 556.53M | 567.71M |
| Inventory | 3.10B | 3.26B | 3.20B | 3.74B | 3.91B | 3.96B |
| Total assets | 15.93B | 15.55B | 15.97B | 16.42B | 16.72B | 17.11B |
| Total current liabilities | 2.27B | 1.82B | 1.96B | 2.12B | 2.17B | 2.29B |
| Short-term debt | 418.95M | 1.46M | 1.43M | 34.66M | 22.12M | 1.33M |
| Long-term debt | 3.78B | 3.78B | 3.78B | 4.18B | 4.18B | 4.18B |
| Total liabilities | 7,096,534,000.00 | 6,704,588,000.00 | 6,994,705,000.00 | 7,489,369,000.00 | 7,586,817,000.00 | 7,750,328,000.00 |
| Total equity | 8.83B | 8.84B | 8.97B | 8.93B | 9.13B | 9.36B |
| Retained earnings | 14.94B | 15.17B | 15.50B | 15.69B | 16.02B | 16.47B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.42B | 1.40B | 987.03M | 2.20B | 4.46B | 3.52B | 1.84B | 1.45B |
| Depreciation & amortization | 317.20M | 321.08M | 325.79M | 347.65M | 384.20M | 437.80M | 478.91M | 551.39M |
| Free cash flow | 1.18B | 944.35M | -211.02M | 1.20B | 3.55B | 1.86B | -23.50M | 501.51M |
| Dividends paid | -168.91M | -200.27M | -209.25M | -212.97M | -237.16M | -271.32M | -282.62M | -291.18M |
| Stock buybacks / issuance | -523.57M | -348.61M | -106.53M | -1.06B | -1.80B | -1.45B | -1.21B | -900.87M |
| Ending cash balance | 834.42M | 1.39B | 1.37B | 1.25B | 1.63B | 1.41B | 595.01M | 775.27M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 152.60M | 301.61M | 722.61M | 272.71M | 148.32M | 427.94M |
| Depreciation & amortization | 133.76M | 132.87M | 138.49M | 146.28M | 159.28M | 173.92M |
| Free cash flow | -152.90M | 13.28M | 556.92M | 84.22M | 10.34M | 304.09M |
| Dividends paid | -69.51M | -74.69M | -73.89M | -73.08M | -72.47M | -76.56M |
| Stock buybacks / issuance | -250.14M | -200.05M | -210.39M | -240.30M | -115.09M | -200.29M |
| Ending cash balance | 1.19B | 463.28M | 775.70M | 775.27M | 561.76M | 572.99M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 34.54 | 16.75 | 13.08 | 60.36 | 53.52 | 28.84 | 17.27 | 13.25 |
| ROA %i | 17.29 | 8.40 | 6.28 | 29.49 | 28.94 | 16.86 | 10.30 | 7.56 |
| ROIC %i | 22.52 | 11.73 | 8.80 | 38.65 | 38.17 | 21.69 | 13.12 | 9.80 |
| 5-year avg ROE %i | 15.03 | 17.23 | 20.78 | 30.12 | 35.65 | 34.51 | 34.61 | 34.65 |
| EBIT margin %i | 14.77 | 9.58 | 8.34 | 23.18 | 22.97 | 17.53 | 11.63 | 8.60 |
| FCF / sales %i | 9.95 | 9.02 | -- | 6.51 | 15.95 | 9.91 | -- | 2.76 |
| Current ratioi | 3.96 | 4.22 | 3.38 | 3.10 | 3.76 | 2.91 | 2.53 | 3.06 |
| Quick ratioi | 2.06 | 2.47 | 1.86 | 1.42 | 2.12 | 1.60 | 1.00 | 1.16 |
| Debt / assetsi | 30.85 | 33.04 | 33.49 | 24.79 | 21.68 | 20.60 | 21.63 | 25.65 |
| LT debt / equityi | 59.78 | 64.89 | 69.41 | 47.72 | 37.06 | 29.45 | 31.38 | 46.63 |
| Interest coveragei | 13.79 | 7.89 | 8.44 | 74.57 | 55.85 | 43.09 | 36.19 | 22.32 |
| Revenue CAGR (3Y) %i | 15.89 | 10.40 | 0.22 | 15.91 | 28.61 | 25.09 | -1.60 | -6.53 |
| Net income CAGR (3Y) %i | -- | 20.65 | -12.16 | 36.69 | 79.21 | 64.48 | -21.80 | -32.54 |
| FCF CAGR (3Y) %i | 7.79 | 12.99 | -- | 0.61 | 55.51 | -- | -- | -47.93 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 13.08 | 11.57 | 12.47 | 13.25 | 15.25 | 17.58 |
| ROA %i | 7.56 | 6.80 | 7.13 | 7.56 | 8.40 | 9.84 |
| ROIC %i | 9.67 | 8.79 | 9.18 | 9.80 | 10.95 | 12.93 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 9.03 | 8.06 | 8.42 | 8.60 | 9.56 | 10.39 |
| FCF / sales %i | -- | -- | 1.76 | 2.76 | 3.50 | 4.65 |
| Current ratioi | 2.74 | 3.13 | 3.11 | 3.06 | 3.13 | 3.18 |
| Quick ratioi | 1.29 | 1.21 | 1.29 | 1.16 | 1.20 | 1.32 |
| Debt / assetsi | 26.34 | 24.32 | 23.69 | 25.65 | 25.12 | 24.44 |
| LT debt / equityi | 42.80 | 42.64 | 42.03 | 46.63 | 45.59 | 44.38 |
| Interest coveragei | 27.51 | 22.59 | 25.74 | 22.32 | 19.93 | 18.90 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Steel Operations is the largest reported line at 67.93% of revenue, across 6 reported segments.
- Metals Recycling Operations follows at 20.77%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Steel Operations67.93%
Metals Recycling Operations20.77%
Other8.88%
Aluminum Operations8.52%
Steel Fabrication Operations6.47%
Quote time 2026-10-08 06:00:39 · For reference only, not investment advice and not tailored to your situation.