Steel Dynamics Inc (STLD)
Materials · Steel · US stock · S&P 500 component
$240.54
▼ -0.22 (0.09%)
Fair valueUndervalued
$395 +64.1% to fair value
$197fair band $276–$513$592
Day's range
$239.76 – $248.92
52-week range
$139.37 – $287.40
About Steel Dynamics Inc
Steel Dynamics makes steel using electric arc furnaces that melt scrap metal, and it sells flat rolled steel, structural steel, rebar and other products to construction, automotive and manufacturing customers. It also operates metals recycling and steel fabrication businesses and has been building an aluminium operation. Earnings depend on steel prices, scrap costs and demand from the construction and industrial sectors.
Revenue over the last twelve months came to $20.5 billion, and sales fell by 6.5% a year on average across the past three years. Operating margin is 10.0% and return on invested capital is 12%. Net debt to EBITDA is 1.4 times. It pays a dividend with a yield of 0.9%. The X-Ray Score is 50 out of 100. The figures are a snapshot of reported results rather than a forecast.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $139.37 – $287.40Volume 905,800Daily, split-adjusted
Vitals
Market cap$34.8B
52-week range$139.37 – $287.40
Volume (last day)905,800
P/E (TTM)21.9
EBIT / EV yield5.4%
Free-cash-flow yield2.7%
Dividend yield0.9%
Revenue (TTM)$20.5B
Net income (TTM)$1.6B
Operating margin10.0%
Return on capital12.5%
Debt incl. leases$4.2B
Cash & securities$568M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$395model spread $368 – $427
Undervalued
+64.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (1.43x of the last twelve months)
Price $241
Undervalued < $276Fair $276 – $513Overvalued > $513
10-year DCF (market-scaled)
$425
Peer multiples
$345
Earnings power floor (not blended)
$157
Fundamentals-adjusted multiple
$415
Growth the price implies
10.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Fair
68/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.4%
Free-cash-flow yield2.7%
Fair value vs price1.6×
Growth
Weak
23/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-6.5%
EPS growth (3y)-27.4%
Growth consistency40%
Profitability
Weak
45/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.5%
Operating margin10.0%
Gross profitability17.6%
Financial health
Fair
64/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA1.4×
Interest cover18.2×
Dividends
Fair
55/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.9%
Dividends vs free cash flow32%
Dividend growth7.1%
Quarterly results: last 6 quarters
-6.9%
Mar '25
-1.5%
Jun '25
+11.2%
Sep '25
+14.0%
Dec '25
+19.1%
Mar '26
+33.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.1B, diluted EPS $3.69.
Fundamentals checklist
● 4 Good · ● 6 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B |
| Operating income | $4.3B | $5.1B | $3.2B | $1.9B | $1.5B |
| Net income | $3.2B | $3.9B | $2.5B | $1.5B | $1.2B |
| Operating cash flow | $2.2B | $4.5B | $3.5B | $1.8B | $1.4B |
| Operating margin | 23.4% | 22.9% | 16.8% | 11.1% | 8.1% |
| Free cash flow | $1.2B | $3.6B | $1.9B | −$24M | $502M |
| Diluted EPS | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
11 bullish · 3 neutral · 2 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 239.0 | Bullish |
| EMA 10 | 238.5 | Bullish |
| SMA 20 | 234.3 | Bullish |
| EMA 20 | 237.0 | Bullish |
| SMA 50 | 239.0 | Bullish |
| EMA 50 | 237.8 | Bullish |
| SMA 100 | 244.3 | Bearish |
| EMA 100 | 234.7 | Bullish |
| SMA 200 | 219.2 | Bullish |
| EMA 200 | 218.7 | Bullish |
Oscillators (daily)
| RSI (14) | 54.33 | Neutral |
| MACD (12, 26) | 1.01 | Bullish |
| Momentum (12) | 8.54 | Bullish |
| Stochastic %K (14) | 71.90 | Neutral |
| Williams %R (14) | -28.10 | Neutral |
| CCI (20) | 122.2 | Bearish |
Pivot points (classic, last session)
S3 228.1 | S2 233.9 | S1 237.2 | Pivot 243.1 | R1 246.4 | R2 252.2 | R3 255.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.09 USD
Yield on today's price
0.87%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 0.5300 |
| 30 Jun 2026 | 0.5300 |
| 31 Mar 2026 | 0.5300 |
| 31 Dec 2025 | 0.5000 |
| 30 Sep 2025 | 0.5000 |
| 30 Jun 2025 | 0.5000 |
| 31 Mar 2025 | 0.5000 |
| 31 Dec 2024 | 0.4600 |
| 30 Sep 2024 | 0.4600 |
| 28 Jun 2024 | 0.4600 |
| 28 Mar 2024 | 0.4600 |
| 28 Dec 2023 | 0.4250 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
STLD SEC filings
18 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
14 Aug 2026
8-KSEC EDGAR
Other events
4 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
28 Jul 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Results of operations
18 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
8 May 2026
8-KSEC EDGAR
Shareholder vote results; Other events
27 Apr 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.