STLD Chart
About

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.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Steel Market Cap 26.53B
Enterprise Value 30.01B Income 1.19B Sales 18.18B
Book/sh 61.80 Cash/sh 5.31 Dividend Yield 111.00%
Payout 25.03% Employees 14400 IPO —
P/E 22.75 Forward P/E 11.46 PEG —
P/S 1.46 P/B 2.94 P/C —
EV/EBITDA 14.80 EV/Sales 1.65 Quick Ratio 1.16
Current Ratio 3.06 Debt/Eq 49.08 LT Debt/Eq —
EPS (ttm) 7.99 EPS next Y 15.86 EPS Growth 34.70%
Revenue Growth 14.00% Earnings 2026-04-22 ROA 5.88%
ROE 13.28% ROIC — Gross Margin 13.16%
Oper. Margin 7.03% Profit Margin 6.52% Shs Outstand 144.88M
Shs Float 135.11M Short Float 3.75% Short Ratio 2.98
Short Interest — 52W High 208.47 52W Low 103.17
Beta 1.40 Avg Volume 1.34M Volume 95.03K
Target Price $194.92 Recom Strong_buy Prev Close $182.36
Price $181.74 Change -0.34%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$194.92
Mean price target
2. Current target
$181.74
Latest analyst target
3. DCF / Fair value
$-13.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$181.74
Low
$180.00
High
$210.00
Mean
$194.92

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-02 main Wells Fargo Overweight → Overweight $210
2026-01-09 down Morgan Stanley Overweight → Equal-Weight $194
2025-12-15 main Wells Fargo Overweight → Overweight $190
2025-12-10 main Jefferies Buy → Buy $190
2025-12-05 main JP Morgan Neutral → Neutral $190
2025-11-14 main Wells Fargo Overweight → Overweight $172
2025-11-04 down UBS Buy → Neutral $165
2025-10-29 main Citigroup Buy → Buy $180
2025-10-27 main Keybanc Overweight → Overweight $165
2025-10-24 main Morgan Stanley Overweight → Overweight $173
2025-10-22 main Jefferies Buy → Buy $180
2025-10-22 main Wells Fargo Overweight → Overweight $169
2025-10-22 main BMO Capital Outperform → Outperform $167
2025-10-13 main JP Morgan Neutral → Neutral $160
2025-09-15 main Wells Fargo Overweight → Overweight $150
2025-08-14 init Wells Fargo — → Overweight $143
2025-07-14 main JP Morgan Neutral → Neutral $150
2025-06-20 main Morgan Stanley Overweight → Overweight $145
2025-04-24 main Morgan Stanley Overweight → Overweight $140
2025-04-24 main JP Morgan Neutral → Neutral $138
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 197 — — Stock Award(Grant) at price 0.00 per share. TEETS RICHARD P JR Director — 2026-02-20 00:00:00 D
1 12662 — — Stock Award(Grant) at price 0.00 per share. MILLETT MARK D Chief Executive Officer — 2026-02-20 00:00:00 D
2 5932 — — Stock Award(Grant) at price 0.00 per share. WAGLER THERESA E. Chief Financial Officer — 2026-02-20 00:00:00 D
3 5841 — — Stock Award(Grant) at price 0.00 per share. SCHNEIDER BARRY T President — 2026-02-20 00:00:00 D
4 2350 — — Stock Award(Grant) at price 0.00 per share. POINSATTE RICHARD A Officer — 2026-02-20 00:00:00 D
5 197 — — Stock Award(Grant) at price 0.00 per share. BARGABOS SHEREE L. Director — 2026-02-20 00:00:00 D
6 4187 — — Stock Award(Grant) at price 0.00 per share. GRAHAM CHRISTOPHER A. Officer — 2026-02-20 00:00:00 D
7 4187 — — Stock Award(Grant) at price 0.00 per share. ANDERSON JAMES STANLEY Officer — 2026-02-20 00:00:00 D
8 3400 — — Stock Award(Grant) at price 0.00 per share. BICKFORD CHAD Officer — 2026-02-20 00:00:00 D
9 776 — — Stock Award(Grant) at price 0.00 per share. BELL MATTHEW LANE Officer — 2026-02-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.200.220.230.23
NormalizedEBITDA2.11B2.52B3.73B5.50B
TotalUnusualItems0.000.00
TotalUnusualItemsExcludingGoodwill0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest1.19B1.54B2.45B3.86B
ReconciledDepreciation551.39M478.91M437.80M384.20M
ReconciledCostOfRevenue15.26B14.29B14.35B15.79B
EBITDA2.11B2.52B3.73B5.50B
EBIT1.56B2.04B3.30B5.11B
NetInterestIncome-70.04M-56.35M-76.48M-91.54M
InterestExpense70.04M56.35M76.48M91.54M
NormalizedIncome1.19B1.54B2.45B3.86B
NetIncomeFromContinuingAndDiscontinuedOperation1.19B1.54B2.45B3.86B
TotalExpenses16.58B15.43B15.37B16.72B
TotalOperatingIncomeAsReported1.48B1.94B3.15B5.09B
DilutedAverageShares148.40M156.14M167.43M184.62M
BasicAverageShares147.81M155.42M166.55M183.39M
DilutedEPS7.999.8414.6420.92
BasicEPS8.029.8914.7221.06
DilutedNIAvailtoComStockholders1.19B1.54B2.45B3.86B
NetIncomeCommonStockholders1.19B1.54B2.45B3.86B
NetIncome1.19B1.54B2.45B3.86B
MinorityInterests-1.72M-12.82M-16.45M-16.82M
NetIncomeIncludingNoncontrollingInterests1.19B1.55B2.47B3.88B
NetIncomeContinuousOperations1.19B1.55B2.47B3.88B
TaxProvision305.66M432.93M751.61M1.14B
PretaxIncome1.49B1.98B3.22B5.02B
OtherIncomeExpense-35.96M-68.71M-127.79M-431.77M
OtherNonOperatingIncomeExpenses87.03M96.19M144.25M20.79M
SpecialIncomeCharges0.000.00
ImpairmentOfCapitalAssets0.000.00
EarningsFromEquityInterest-122.99M-164.90M-272.03M-452.55M
NetNonOperatingInterestIncomeExpense-70.04M-56.35M-76.48M-91.54M
InterestExpenseNonOperating70.04M56.35M76.48M91.54M
OperatingIncome1.60B2.11B3.42B5.54B
OperatingExpense793.21M694.64M622.67M573.46M
DepreciationAmortizationDepletionIncomeStatement27.90M30.53M34.05M27.84M
DepreciationAndAmortizationInIncomeStatement27.90M30.53M34.05M27.84M
Amortization27.90M30.53M34.05M27.84M
AmortizationOfIntangiblesIncomeStatement27.90M30.53M34.05M27.84M
SellingGeneralAndAdministration765.31M664.12M588.62M545.62M
GeneralAndAdministrativeExpense545.62M643.98M
OtherGandA545.62M643.98M
SalariesAndWages452.55M388.11M
GrossProfit2.39B2.80B4.05B6.12B
CostOfRevenue15.78B14.74B14.75B16.14B
TotalRevenue18.18B17.54B18.80B22.26B
OperatingRevenue18.18B17.54B18.80B22.26B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber123.70M117.26M108.09M94.83M
OrdinarySharesNumber144.94M151.12M160.02M172.94M
ShareIssued268.64M268.38M268.11M267.76M
NetDebt3.44B2.64B1.67B1.44B
TotalDebt4.21B3.23B3.07B3.07B
TangibleBookValue8.15B8.23B8.13B7.36B
InvestedCapital13.17B12.17B11.94B11.20B
WorkingCapital4.36B3.28B4.46B5.61B
NetTangibleAssets8.15B8.23B8.13B7.36B
CommonStockEquity8.96B8.93B8.87B8.13B
TotalCapitalization13.13B11.74B11.48B11.14B
TotalEquityGrossMinorityInterest8.93B8.95B8.84B8.10B
MinorityInterest-26.77M10.96M-27.14M-34.55M
StockholdersEquity8.96B8.93B8.87B8.13B
GainsLossesNotAffectingRetainedEarnings-598.00K0.00421.00K889.00K
OtherEquityAdjustments-598.00K421.00K889.00K-2.09M
TreasuryStock7.98B7.09B5.90B4.46B
RetainedEarnings15.69B14.80B13.55B11.38B
AdditionalPaidInCapital1.25B1.23B1.22B1.21B
CapitalStock653.00K652.00K651.00K650.00K
CommonStock653.00K652.00K651.00K650.00K
TotalLiabilitiesNetMinorityInterest7.49B5.99B6.07B6.06B
TotalNonCurrentLiabilitiesNetMinorityInterest5.37B3.84B3.74B4.03B
OtherNonCurrentLiabilities186.23M133.20M180.76M129.54M
NonCurrentDeferredLiabilities1.00B902.19M944.77M889.10M
NonCurrentDeferredTaxesLiabilities1.00B902.19M944.77M889.10M
LongTermDebtAndCapitalLeaseObligation4.18B2.80B2.61B3.01B
LongTermDebt4.18B2.80B2.61B3.01B
CurrentLiabilities2.12B2.15B2.33B2.03B
CurrentDebtAndCapitalLeaseObligation34.66M426.99M459.99M57.33M
CurrentDebt34.66M426.99M459.99M57.33M
PayablesAndAccruedExpenses2.09B1.72B1.87B1.97B
CurrentAccruedExpenses788.93M739.90M778.46M951.20M
InterestPayable17.53M
Payables1.30B983.70M1.09B1.02B
TotalTaxPayable67.31M3.78M5.52M6.52M
IncomeTaxPayable67.31M3.78M5.52M6.52M
AccountsPayable1.23B979.91M1.09B1.02B
TotalAssets16.42B14.94B14.91B14.16B
TotalNonCurrentAssets9.94B9.50B8.12B6.52B
OtherNonCurrentAssets557.38M681.20M651.15M378.73M
GoodwillAndOtherIntangibleAssets808.76M704.71M735.23M769.57M
OtherIntangibleAssets331.29M227.23M257.76M267.51M
Goodwill477.47M477.47M477.47M502.07M
NetPPE8.57B8.12B6.73B5.37B
AccumulatedDepreciation-5.05B-4.60B-4.20B-3.85B
GrossPPE13.62B12.72B10.93B9.22B
ConstructionInProgress1.67B2.77B2.10B780.74M
MachineryFurnitureEquipment9.19B7.67B6.89B6.68B
BuildingsAndImprovements1.91B1.49B1.26B1.24B
LandAndImprovements849.39M801.21M693.17M521.88M
CurrentAssets6.48B5.43B6.79B7.64B
OtherCurrentAssets293.12M163.13M162.79M195.37M
Inventory3.74B3.11B2.89B3.13B
FinishedGoods766.26M715.75M659.77M636.48M
WorkInProcess414.49M269.03M296.93M256.07M
RawMaterials2.56B2.13B1.94B2.24B
Receivables1.68B1.42B1.61B2.06B
AccountsReceivable1.68B1.42B1.61B2.06B
AllowanceForDoubtfulAccountsReceivable-5.42M-7.73M-8.48M-5.68M
GrossAccountsReceivable1.69B1.42B1.62B2.06B
CashCashEquivalentsAndShortTermInvestments769.88M737.27M2.12B2.26B
OtherShortTermInvestments0.00147.81M721.21M628.22M
CashAndCashEquivalents769.88M589.46M1.40B1.63B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow501.51M-23.50M1.86B3.55B
RepurchaseOfCapitalStock-900.87M-1.21B-1.45B-1.80B
RepaymentOfDebt-2.57B-2.32B-1.37B-1.51B
IssuanceOfDebt3.55B2.48B1.37B1.47B
CapitalExpenditure-948.02M-1.87B-1.66B-908.90M
InterestPaidSupplementalData156.75M100.98M103.17M100.99M
IncomeTaxPaidSupplementalData152.00M463.76M642.67M1.06B
EndCashPosition775.27M595.01M1.41B1.63B
BeginningCashPosition595.01M1.41B1.63B1.25B
ChangesInCash180.26M-811.45M-227.46M384.55M
FinancingCashFlow-294.31M-1.35B-1.78B-2.20B
CashFlowFromContinuingFinancingActivities-294.31M-1.35B-1.78B-2.20B
NetOtherFinancingCharges-88.09M-16.68M-51.73M-116.30M
CashDividendsPaid-291.18M-282.62M-271.32M-237.16M
CommonStockDividendPaid-291.18M-282.62M-271.32M-237.16M
NetCommonStockIssuance-900.87M-1.21B-1.45B-1.80B
CommonStockPayments-900.87M-1.21B-1.45B-1.80B
NetIssuancePaymentsOfDebt985.82M158.86M-1.89M-42.22M
NetShortTermDebtIssuance985.82M158.86M-1.89M-42.22M
ShortTermDebtPayments-2.57B-2.32B-1.37B-1.51B
ShortTermDebtIssuance3.55B2.48B1.37B1.47B
InvestingCashFlow-974.96M-1.30B-1.97B-1.88B
CashFlowFromContinuingInvestingActivities-974.96M-1.30B-1.97B-1.88B
NetOtherInvestingChanges1.42M-8.31M-221.59M15.84M
NetInvestmentPurchaseAndSale147.43M572.95M-90.75M-629.63M
SaleOfInvestment187.00M1.31B1.05B297.95M
PurchaseOfInvestment-39.57M-739.34M-1.15B-927.58M
NetBusinessPurchaseAndSale-175.77M0.000.00-356.57M
PurchaseOfBusiness0.000.00-222.48M0.00
NetPPEPurchaseAndSale-948.02M-1.87B-1.66B-908.90M
PurchaseOfPPE-948.02M-1.87B-1.66B-908.90M
OperatingCashFlow1.45B1.84B3.52B4.46B
CashFlowFromContinuingOperatingActivities1.45B1.84B3.52B4.46B
ChangeInWorkingCapital-442.34M-202.86M517.10M102.08M
ChangeInOtherWorkingCapital52.18M10.18M56.76M31.62M
ChangeInOtherCurrentAssets-77.28M-13.72M-23.78M-6.88M
ChangeInPayablesAndAccruedExpense163.65M-169.40M-194.93M-225.36M
ChangeInAccruedExpense-43.19M-102.03M-164.78M63.68M
ChangeInPayable206.84M-67.36M-30.15M-289.04M
ChangeInAccountPayable206.84M-67.36M-30.15M-289.04M
ChangeInInventory-423.44M-221.04M232.28M413.26M
ChangeInReceivables-157.46M191.11M446.76M-110.56M
ChangesInAccountReceivables-157.46M191.11M446.76M-110.56M
OtherNonCashItems-10.21M-5.51M-19.72M-1.79M
StockBasedCompensation68.98M66.59M61.74M59.24M
AssetImpairmentCharge0.000.00
DeferredTax94.40M-42.58M55.66M37.19M
DeferredIncomeTax94.40M-42.58M55.66M37.19M
DepreciationAmortizationDepletion551.39M478.91M437.80M384.20M
DepreciationAndAmortization551.39M478.91M437.80M384.20M
NetIncomeFromContinuingOperations1.19B1.55B2.47B3.88B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for STLD
Date User Asset Broker Type Position Size Entry Price Patterns