STLD

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Steel Dynamics, Inc.

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Key Metrics

Previous Close: $231.01
52-Week Range: $124.77 – $288.74
Market Cap: $31.39B
P/E (TTM): 19.89
EPS (TTM): 11.01
Dividend Yield: 0.92%

Advanced Metrics

Price/Book: 3.34
PEG Ratio: 11.95
Return on Equity: 17.57%
Return on Assets: 7.87%
Gross Margin: 14.65%
Operating Margin: 11.50%
Profit Margin: 7.83%
Current Ratio: 3.18
Debt/Equity: 0.47
Total Debt: $4.39B
Free Cash Flow: $234.19M
Revenue Growth: 33.40%
Earnings Growth: 83.60%
Enterprise Value: $36.88B

STLD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$22.26B	$18.80B	$17.54B	$18.18B
Cost of Revenue	$16.14B	$14.75B	$14.74B	$15.78B
Gross Profit	$6.12B	$4.05B	$2.80B	$2.39B
Selling, General & Admin	$545.62M	$588.62M	$664.12M	$765.31M
Operating Expenses	$573.46M	$622.67M	$694.64M	$793.21M
Operating Income	$5.54B	$3.42B	$2.11B	$1.60B
EBITDA	$5.50B	$3.73B	$2.52B	$2.11B
Pretax Income	$5.02B	$3.22B	$1.98B	$1.49B
Income Tax	$1.14B	$751.61M	$432.93M	$305.66M
Net Income	$3.86B	$2.45B	$1.54B	$1.19B
Diluted EPS	20.92	14.64	9.84	7.99
Diluted Shares	184.62M	167.43M	156.14M	148.40M

STLD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.63B	$1.40B	$589.46M	$769.88M
Receivables	$2.06B	$1.61B	$1.42B	$1.68B
Inventory	$3.13B	$2.89B	$3.11B	$3.74B
Current Assets	$7.64B	$6.79B	$5.43B	$6.48B
Total Assets	$14.16B	$14.91B	$14.94B	$16.42B
Current Liabilities	$2.03B	$2.33B	$2.15B	$2.12B
Long-Term Debt	$3.01B	$2.61B	$2.80B	$4.18B
Total Debt	$3.07B	$3.07B	$3.23B	$4.21B
Total Liabilities	$6.06B	$6.07B	$5.99B	$7.49B
Retained Earnings	$11.38B	$13.55B	$14.80B	$15.69B
Shareholders' Equity	$8.13B	$8.87B	$8.93B	$8.96B
Working Capital	$5.61B	$4.46B	$3.28B	$4.36B
Net Debt	$1.44B	$1.67B	$2.64B	$3.44B

STLD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$4.46B	$3.52B	$1.84B	$1.45B
Capital Expenditure	-$908.90M	-$1.66B	-$1.87B	-$948.02M
Free Cash Flow	$3.55B	$1.86B	-$23.50M	$501.51M
Depreciation & Amortisation	$384.20M	$437.80M	$478.91M	$551.39M
Stock-Based Compensation	$59.24M	$61.74M	$66.59M	$68.98M
Investing Cash Flow	-$1.88B	-$1.97B	-$1.30B	-$974.96M
Financing Cash Flow	-$2.20B	-$1.78B	-$1.35B	-$294.31M
Dividends Paid	-$237.16M	-$271.32M	-$282.62M	-$291.18M
Share Repurchases	-$1.80B	-$1.45B	-$1.21B	-$900.87M
Net Change in Cash	$384.55M	-$227.46M	-$811.45M	$180.26M

STLD Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$4.57B	$4.83B	$4.41B	$5.20B	$6.09B
Cost of Revenue	$3.95B	$4.07B	$3.88B	$4.44B	$5.13B
Gross Profit	$618.47M	$757.88M	$529.29M	$763.22M	$958.97M
Selling, General & Admin	$198.01M	$200.84M	$184.65M	$175.22M	$193.45M
Operating Expenses	$204.91M	$207.73M	$191.87M	$183.02M	$201.18M
Operating Income	$413.56M	$550.15M	$337.43M	$580.20M	$757.79M
EBITDA	$538.11M	$665.91M	$483.85M	$705.73M	$896.51M
Pretax Income	$387.87M	$513.85M	$310.61M	$513.21M	$683.46M
Income Tax	$86.67M	$109.92M	$46.09M	$113.11M	$152.68M
Net Income	$298.73M	$403.69M	$266.03M	$403.44M	$534.09M
Diluted EPS	2.01	2.74	1.82	2.78	3.69
Diluted Shares	148.96M	147.60M	146.25M	145.32M	144.59M

STLD Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$458.05M	$770.36M	$769.88M	$556.53M	$567.71M
Receivables	$1.70B	$1.76B	$1.68B	$2.06B	$2.44B
Inventory	$3.26B	$3.20B	$3.74B	$3.91B	$3.96B
Current Assets	$5.69B	$6.08B	$6.48B	$6.80B	$7.28B
Total Assets	$15.55B	$15.97B	$16.42B	$16.72B	$17.11B
Current Liabilities	$1.82B	$1.96B	$2.12B	$2.17B	$2.29B
Long-Term Debt	$3.78B	$3.78B	$4.18B	$4.18B	$4.18B
Total Debt	$3.78B	$3.78B	$4.21B	$4.20B	$4.18B
Total Liabilities	$6.70B	$6.99B	$7.49B	$7.59B	$7.75B
Retained Earnings	$15.17B	$15.50B	$15.69B	$16.02B	$16.47B
Shareholders' Equity	$8.86B	$9.00B	$8.96B	$9.16B	$9.42B
Working Capital	$3.87B	$4.12B	$4.36B	$4.62B	$4.99B
Net Debt	$3.32B	$3.01B	$3.44B	$3.64B	$3.61B

STLD Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$301.61M	$722.61M	$272.71M	$148.32M	$427.94M
Capital Expenditure	-$288.33M	-$165.69M	-$188.50M	-$137.98M	-$123.84M
Free Cash Flow	$13.28M	$556.92M	$84.22M	$10.34M	$304.09M
Depreciation & Amortisation	$132.87M	$138.49M	$146.28M	$159.28M	$173.92M
Stock-Based Compensation	$14.06M	$14.24M	$23.64M	$17.45M	$14.16M
Investing Cash Flow	-$305.70M	-$120.53M	-$369.97M	-$139.07M	-$118.04M
Financing Cash Flow	-$724.78M	-$289.66M	$96.84M	-$222.76M	-$298.67M
Dividends Paid	-$74.69M	-$73.89M	-$73.08M	-$72.47M	-$76.56M
Share Repurchases	-$200.05M	-$210.39M	-$240.30M	-$115.09M	-$200.29M
Net Change in Cash	-$728.87M	$312.42M	-$425.00K	-$213.51M	$11.23M

Market Snapshot

About

Steel Dynamics, Inc. is one of the largest domestic steel producers and metal recyclers in the United States. The company manufactures steel products including hot rolled, cold rolled, and coated steel, as well as long products like structural beams and rails. Steel Dynamics operates through steel operations, metals recycling operations, and steel fabrication operations segments.