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Steel Dynamics, Inc. (STLD)

232.62 -2.05 (-0.87%)
At close: August 31 at 4:00:00 PM EDT
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Steel Dynamics (STLD) has seen stock fluctuations amid escalating U.S.-Canada trade tensions and proposed tariffs. Analysts project strong earnings growth, but caution against over-reliance on tariff-driven stock performance.

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  • Previous Close 234.66
  • Open 235.37
  • Bid 223.25 x 100
  • Ask 245.52 x 100
  • Day's Range 231.93 - 237.87
  • 52 Week Range 126.88 - 288.74
  • Volume 916,335
  • Avg. Volume 1,252,109
  • Market Cap (intraday) 33.341B
  • Beta (5Y Monthly) 1.53
  • PE Ratio (TTM) 21.11
  • EPS (TTM) 11.02
  • Earnings Date (est.) Oct 19, 2026
  • Forward Dividend & Yield 2.12 (0.91%)
  • Ex-Dividend Date Sep 30, 2026
  • 1y Target Est 271.21

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.

www.steeldynamics.com

14,400

Full Time Employees

December 31

Fiscal Year Ends

Steel

Industry

Performance Overview

Trailing total returns as of 8/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

STLD
38.02%
S&P 500 (^GSPC)
12.28%

1-Year Return

STLD
79.81%
S&P 500 (^GSPC)
18.98%

3-Year Return

STLD
127.56%
S&P 500 (^GSPC)
70.51%

5-Year Return

STLD
271.62%
S&P 500 (^GSPC)
69.95%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 6.09B
Earnings 534.09M
Profit Margin 8.77%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
2B
4B
6B
6.5%
7.0%
7.5%
8.0%
8.5%
 

Analyst Insights

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Top Analyst

Wells Fargo
77/100
Latest Rating
Overweight
 

Analyst Price Targets

221.00
271.21 Average
232.62 Current
310.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/24/2026
Analyst Wells Fargo
Rating Action Maintains
Rating Overweight
Price Action Lowers
Price Target 275 -> 255
 

Statistics

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Valuation Measures

Annual
As of 8/27/2026
  • Market Cap

    33.80B

  • Enterprise Value

    37.42B

  • Trailing P/E

    21.40

  • Forward P/E

    13.64

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.68

  • Price/Book (mrq)

    3.59

  • Enterprise Value/Revenue

    1.82

  • Enterprise Value/EBITDA

    13.60

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    7.82%

  • Return on Assets (ttm)

    7.87%

  • Return on Equity (ttm)

    17.57%

  • Revenue (ttm)

    20.54B

  • Net Income Avi to Common (ttm)

    1.61B

  • Diluted EPS (ttm)

    11.02

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    567.71M

  • Total Debt/Equity (mrq)

    46.92%

  • Levered Free Cash Flow (ttm)

    234.19M

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Company Insights

Fair Value

232.62 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Lowering target price to $259.00

    STEEL DYNAMICS INC has an Investment Rating of BUY; a target price of $259.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     
  • Lowering target price to $279.00

    STEEL DYNAMICS INC has an Investment Rating of BUY; a target price of $279.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     
  • What does Argus have to say about STLD?

    STEEL DYNAMICS INC has an Investment Rating of BUY; a target price of $295.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     
  • Raising target price to $295.00

    STEEL DYNAMICS INC has an Investment Rating of BUY; a target price of $295.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
     

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