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Stocks/Materials/Steel

Steel DynamicsSTLD

Steel · Fort Wayne, Indiana · In the S&P 500
Solid businessCheaper than peers
$250.80−1.08%After hours: $250.79 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 53.4% over 1 year
Steel Dynamics over 1 yearDaily close, $, to 30 Oct 2026
$150$200Nov2026MarMayJulSep$250.80$150$200NovMarJul$250.80
Source: Nasdaq daily closes
Market value$35.67B
Price to earnings18.5x
Forward P/E10.9x
Dividend yield0.85%
Year to date+48.0%
One year+53.4%
Next earningsNot scheduled
SectorMaterials
52-week range (closes)
$151.62$282.76

Quality and valuation

How Steel Dynamics compares with other materials stocks. A description, not a recommendation.

Steel Dynamics and 4 steel peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: cheaper than most

An average business among materials companies, priced below most of them.

Steel Dynamics trades at 10.9 times the next 12 months of expected earnings, against a median of 16.1x for the 28 materials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +26.0% vs +9.1%
  • Keeps less of each sale (gross margin): 15.9% vs 27.9%
  • More profitable (operating margin): 11.5% vs 10.9%
  • Turns less of its sales into cash: 4.9% vs 7.6%
STLD trades at 10.9x forward earnings, below the sector medianForward p/e, Steel peers
STLD10.9xNEM12.0xAEM14.6xFCX16.0xLIN27.6xECL35.5xSector median 16.1xSTLD10.9xNEM12.0xAEM14.6xFCX16.0xLIN27.6xECL35.5xSector median 16.1x
Source: CNBC quotes; Mostly Markets
At 18.5x earnings, STLD is cheaper than its average since Nov 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x30xAverage 19.4x2025202618.5x10x30xAverage 19.4x2025202618.5x
Source: Nasdaq prices; SEC filings

Financials

From Steel Dynamics's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 34.8% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bn$6bnQ4 ’24Q2 ’25Q4 ’25$6.5bnQ3 ’26$0bn$2bn$5bnQ4 ’24Q2 ’25Q4 ’25$6.5bnQ3 ’26
Source: SEC filings
Growth sped up to +34.8% last quarterRevenue growth, year on year, %
0%20%Q4 ’24Q2 ’25Q4 ’2534.8%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2534.8%Q3 ’26
Source: SEC filings
Operating margin was 15.5% last quarterOperating income as a share of revenue, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2515.5%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2515.5%Q3 ’26
Source: SEC filings
Free cash flow was $1.1 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$250m$500mQ4 ’24Q2 ’25Q4 ’25$696mQ3 ’26$0m$500mQ4 ’24Q2 ’25Q4 ’25$696mQ3 ’26
Source: SEC filings
Last 12 monthsSTLDSector median
Revenue growth+26.0%+9.1%
Gross margin15.9%27.9%
Operating margin11.5%10.9%
Free cash flow margin4.9%7.6%
Price to earnings18.5x19.9x

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LINLinde$514.24+2.20%+20.6%$237B
BHPBHP Group$79.16−3.25%+31.1%$201B
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NEMNewmont$106.61−4.64%+6.8%$111B
FCXFreeport-McMoRan$62.47−5.55%+23.0%$87.46B
ECLEcolab$302.98+0.70%+15.4%$84.93B
AEMAgnico Eagle Mines$165.38−5.99%−2.4%$83.61B
SHWSherwin-Williams$332.61+0.76%+2.6%$80.36B