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Steel Dynamics Inc (STLD) stock

STLDNasdaqSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 16/3044% above fair value
$238.99+2.87 (+1.22%)

Close on Nov 11, 2026Market cap $33.99BP/E 17.6Yield 0.84%

Steel Dynamics Inc grew revenue 26.0% to $22.22B over the twelve months to Sep 30, 2026. Operating income rose 82.1% to $2.56B, moving the operating margin from 8.0% to 11.5%. Free cash flow was $1.09B, up 252.0% from a year earlier. At the latest close the market valued the company at $33.99B, 17.6 times its earnings.

Revenue
$22.22B
+26.0% vs. a year earlier
Operating income
$2.56B
+82.1% vs. a year earlier
Free cash flow
$1.09B
+252.0% vs. a year earlier
EPS, diluted
$13.55
+79.5% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$33.99B
P/E ratio
17.6
Price to sales
1.53
Price to book
3.45
Dividend yield
0.84%
Free cash flow yield
3.22%

Fundamentals

Revenue
$22.22B
Net income
$1.96B
EPS, diluted
$13.55
Free cash flow
$1.09B
Book value per share
$68.53
Diluted shares
144M

Trading

Next earnings
Jan 26, 2027 (estimated, during market hours)
Previous close
$236.12
Open
$239.10
Day's range
$235.79 – $240.62
Volume
524,962
Average volume (20 days)
1,082,070
Index membership
S&P 500 (since Dec 2022), Russell 1000, Russell 3000
Beta (5 years)
1.30
52-week range
$151.21 – $288.74
RSI (14 days)
50.1
Volatility (1 year)
36.6%
Relative volume
0.48×
WACC
10.6%

On 3 of our idea lists: Breakout quarter, Dividend growers, Buyback cannibals

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodSTLDS&P 500DifferenceSTLD per yearS&P 500 per year
1 month+0.3%-2.4%+2.7 pts
3 months-9.2%-1.2%−8.0 pts
Year to date+42.1%+12.3%+29.8 pts
1 year+58.5%+12.4%+46.1 pts
3 years+128.2%+78.8%+49.4 pts+31.7%+21.4%
5 years+288.2%+75.2%+213.1 pts+31.2%+11.9%
10 years+799.8%+311.1%+488.7 pts+24.6%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$22.22B+26.0% YoY

Gross profit

$3.53B+53.3% YoY

Operating income

$2.56B+82.1% YoY

Net income

$1.96B+73.9% YoY

EPS, diluted

$13.55+79.5% YoY

Free cash flow

$1.09B+252.0% YoY
Reported periodTrailing twelve months

Press releases

Releases Steel Dynamics filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Steel Dynamics

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Steel Dynamics, Inc. manufactures steel and recycled metal goods through electric arc furnace mills and circular production methods. Its operations center on steel manufacturing, scrap metal recycling, downstream steel fabrication, and recycled aluminum flat rolled products. The company produces sheet steel, structural steel, rail, special-bar-quality products, joists, and decking. It supplies steel service centers, intermediate processors, fabricators, original equipment manufacturers, and distributors serving the construction, automotive, energy, agriculture, and beverage can sectors.

Company profile, executives and history

Steel Dynamics stock: common questions

What is Steel Dynamics's stock price?

STLD closed at $238.99 on Nov 11, 2026, up 1.22% on the day. Over the past 52 weeks it traded between $151.21 and $288.74.

What is Steel Dynamics's market cap?

Steel Dynamics was worth $33.99B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is STLD's P/E ratio?

STLD trades at 17.6 times earnings, based on diluted earnings per share of $13.55 over the twelve months to Sep 30, 2026.

How much revenue does Steel Dynamics make?

Steel Dynamics reported revenue of $22.22B for the twelve months to Sep 30, 2026, up 26.0% from a year earlier.

Does Steel Dynamics pay a dividend?

Yes. Steel Dynamics paid $2.00 per share over the last twelve months, a yield of 0.84% at the latest price, and has raised its annual dividend 13 years in a row.

When does Steel Dynamics report earnings next?

Steel Dynamics is expected to report Q4 FY2026 results on Jan 26, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has STLD stock performed over the past year?

Including dividends, STLD returned +58.5% over the past year, against +12.4% for the S&P 500.

How many STLD shares are sold short?

4M shares were sold short at the latest FINRA report, 2.82% of the float, or 3.3 days of average trading volume.

Who are Steel Dynamics's competitors?

Companies most similar to Steel Dynamics by business, industry and size include NUE, TX, SIM, CMC, MT.

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