Inside the research

Steel Dynamics, Inc.

STLD Research profile · latest available data

Price overview

$233.66

▼ -1.54 (-0.7%)

52w hi$282.12
52w lo$134.48
Vol508.80K
As of25 Sep 2026

The Verdict

Hold

Our score +0.26

Short+0.15
Medium+0.25
Long+0.53

computed 2026-09-27

Key fundamentals

Steel Dynamics, Inc.

Basic Materials · Steel

Market cap$33.49B
Enterprise value$37.26B
Trailing P/E21.18x
Forward P/E11.94x
EV / EBITDA13.93x
P / S (ttm)1.63x
Profit margin7.8%
Return on equity17.6%
Revenue growth+33.4%
Earnings growth+83.6%
Debt / equity46.92

Layer Breakdown

LayerRawContribution
Fundamental+0.44
Sector-0.02
Technical+0.11
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.steeldynamics.com

Risk Metrics

Beta vs SPX1.20
Corr SPX0.51
Annual vol37.6%
Annual ret+40.4%
Sharpe1.08
Max DD-29.2%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$231.70
High / Low$265.00 / $142.73
Median$240.00
Analysts11
Strong Buy1
Buy6
Hold3
Sell1
Strong Sell0

Recent rating actions

2026-04-22Wells Fargo→ Overweight
2026-04-22Keybanc→ Overweight
2026-04-22Citigroup→ Buy
2026-04-22BMO Capital→ Outperform
2026-04-16Wells Fargo→ Overweight
2026-04-14JP Morgan→ Neutral

Material Events

DateEvent8-K
2026-08-14Other Material Event, Exhibitsread
2026-08-04Officer / Director Change, Reg FD Disclosure…read
2026-07-21Earnings Release, Exhibitsread
2026-06-18Reg FD Disclosure, Exhibitsread
2026-05-08Shareholder Vote, Other Material Event…read
2026-04-21Earnings Release, Exhibitsread
2026-03-27Officer / Director Change, Reg FD Disclosure…read
2026-03-18Reg FD Disclosure, Exhibitsread
2026-02-23Other Material Event, Exhibitsread
2026-02-17Reg FD Disclosure, Exhibitsread
2026-01-27Earnings Release, Exhibitsread
2026-01-06Reg FD Disclosure, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-13Hamann Jennifer LGrant72—
2026-07-28MILLETT MARK DChairman and CEOGift300—
2026-07-10Sierra Luis ManuelGrant7—
2026-07-10Seaman Bradley SGrant109—
2026-07-10Hamann Jennifer LGrant18—
2026-07-10DOLAN TRACI MGrant102—
2026-07-10Cornew Kenneth W.Grant2—
2026-07-10BARGABOS SHEREE LGrant43—
2026-06-05Anderson James StanleySenior Vice PresidentSell1.10K$294.08K
2026-06-05Anderson James StanleySenior Vice PresidentSell4.18K$1.12M

Flow & Concentration

Insider 180d net-$2.69M
Insider buys / sells0 / 4
Insider biasSellers
13F holders8
Top-5 share97.6%
HHI3,863 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$1.77B7.72M
State Street Corp$1.70B7.38M
Citadel Advisors$236.34M1.03M
Bridgewater Associates$86.85M378.49K
Capital Research / Capital World$83.11M362.19K
AQR Capital Management$80.74M351.89K
Millennium Management$15.70M68.42K
T. Rowe Price Group$488.91K2.13M

As of 2026-06-30

Dividends

Yield (TTM)0.65%
$ / share (TTM)$1.53
5y CAGR+14.9%

Annual dividend per share

2021$1.04
2022$1.36
2023$1.70
2024$1.84
2025$2.00
2026$0.53

SEC Filings

DateFormDoc
2026-08-148-Kview
2026-08-144view
2026-08-048-Kview
2026-07-2810-Qview
2026-07-284view
2026-07-218-Kview
2026-07-144view
2026-07-144view
2026-07-144view
2026-07-144view
2026-07-144view
2026-07-144view
2026-06-188-Kview
2026-06-084view
2026-06-014view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$18.80B+10.2%
Gross profit$2.39B+11.8%
Operating income$3.15B+10.0%
Net income$1.19B+103.5%
Cash from ops$1.45B+7.3%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$235.44$236.48$231.68$233.66508.80K
Sep 24$233.74$237.76$233.29$235.20563.00K
Sep 23$231.99$237.46$231.06$234.29662.40K
Sep 22$229.99$234.42$229.53$233.99920.80K
Sep 21$234.49$235.91$229.24$229.99863.20K

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