Stocks · Basic Materials · Steel
Steel Dynamics, Inc. STLD
$231.99 +2.57% Close, Oct 2, 2026 · NASDAQ · Market cap $33.25B
Strong growthStrong trend
Next earnings report: Oct 19, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $11.03, up 61.0% year over year.
- The shares trade at 21.0× trailing earnings, higher than 86% of the company's own readings over the past five years.
- The stock is in an uptrend: above its 200-day average for 280 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth86Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 21%
- EPS growth (TTM, YoY)Top 20%
- Revenue growth, 3-year CAGRBottom 27%
- Revenue growth accelerationTop 10%
Quality47Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 25%
- Gross marginBottom 23%
- Operating marginTop 44%
- Cash conversion (OCF / net income)Bottom 17%
- Accruals (lower is better)Bottom 13%
- Net debt / EBITDA (lower is better)Top 43%
- Interest coverTop 16%
Value48Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 29%
- Free-cash-flow yieldBottom 46%
- EBITDA / enterprise valueTop 43%
- Sales / enterprise valueTop 47%
- P/E vs own 5-year history (lower is better)Bottom 22%
Momentum89Strong
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 9%
- 6-month returnTop 13%
- 1-year return vs S&P 500Top 10%
- Distance from 52-week highTop 31%
- Trend checklist (0–4)Top 25%
Revisions26Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 46%
- Consecutive EPS beatsTop 50%
- Share of analysts rating BuyBottom 40%
- Upside to consensus price targetBottom 23%
Stability74Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 38%
- Maximum drawdown, 3 yearsTop 7%
- Beta vs S&P 500 (lower is better)Bottom 30%
- Net debt / EBITDA (lower is better)Top 43%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.4% | 19.8% | ↑ |
| EPS growth (YoY) | 23.4% | 61.0% | ↑ |
| Gross margin | 12.5% | 14.6% | ↑ |
| Operating margin | 7.5% | 10.6% | ↑ |
| FCF margin | -0.6% | 4.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 19.8% | 10.4% | ↑ | Top 21% |
| EPS growth (TTM, YoY) | 61.0% | 23.4% | ↑ | Top 20% |
| Gross margin | 14.6% | 12.5% | ↑ | Bottom 23% |
| Operating margin | 10.6% | 7.5% | ↑ | Top 44% |
| Net margin | 7.8% | 6.1% | ↑ | — |
| Free-cash-flow margin | 4.7% | -0.6% | ↑ | — |
| Return on invested capital | 10.8% | — | Top 25% | |
| Revenue growth, 3-year CAGR | -6.5% | — | Bottom 27% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.98×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 0.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +23.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.22×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 19.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.89%
- Net buyback yield (TTM)
- 2.30%
- Shareholder yield
- 3.19%
- Share count change, 1 year
- -3.3%
- Share count change, 3-year CAGR
- -5.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +2.7%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $271.17
- Target vs current price
- +16.9%
- Analysts with a rating
- 27
- Share rating Buy or Strong Buy
- 52%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 20, 2026 | +1.7% | -2.1% | +4.9% | +8.6% | — |
| Apr 22, 2026 | -2.1% | +3.3% | +3.1% | +1.4% | +6.9% |
| Jan 26, 2026 | +7.1% | -4.4% | -1.0% | +8.1% | +21.4% |
| Oct 20, 2025 | +4.2% | +2.5% | +7.1% | +8.9% | +19.6% |
| Jul 21, 2025 | -10.3% | +2.2% | -0.6% | -4.0% | +10.6% |
| Apr 22, 2025 | +4.3% | +3.4% | +12.7% | +19.8% | +15.5% |
| Jan 22, 2025 | -19.5% | -1.4% | +1.9% | +9.7% | -6.0% |
| Oct 16, 2024 | +4.1% | +1.1% | +2.6% | +12.4% | -4.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 20, 2026 | $3.69 | $3.63 | +1.7% | $6.09B |
| Apr 22, 2026 | $2.78 | $2.84 | -2.1% | $5.20B |
| Jan 26, 2026 | $1.82 | $1.70 | +7.1% | $4.41B |
| Oct 20, 2025 | $2.74 | $2.63 | +4.2% | $4.83B |
| Jul 21, 2025 | $2.01 | $2.24 | -10.3% | $4.57B |
| Apr 22, 2025 | $1.44 | $1.38 | +4.3% | $4.37B |
| Jan 22, 2025 | $1.36 | $1.69 | -19.5% | $3.87B |
| Oct 16, 2024 | $2.05 | $1.97 | +4.1% | $4.34B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 21.0× | 9.2× | 86th | Top 29% |
| P/E (forward) | 13.3× | — | — | — |
| EV / EBITDA | 12.4× | — | — | Top 43% |
| EV / Sales | 1.79× | — | — | Top 47% |
| Free-cash-flow yield | 2.87% | — | — | Bottom 46% |
| Earnings yield | 4.75% | — | — | Top 29% |
P/E over the past five years
Range 3.4× – 24.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +64.5%
- Earnings per share growth (TTM)
- +61.0%
- Change in P/E multiple
- +31.8%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 280
- 50-day average slope (20 days)
- +0.3%
- 200-day average slope (20 days)
- +3.3%
- Distance from 50-day average
- -4.5%
- Distance from 200-day average
- +7.0%
- RSI (14)
- 47.3
- Relative volume
- 0.56×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 37.2%
- Volatility vs own 5-year history
- 47th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.30
- Correlation with S&P 500
- 0.53
- Current drawdown from 1-year high
- -18.0%
- Maximum drawdown, 3 years
- -29.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 3, 2023 | May 31, 2023 | -32.5% | 61 days | 199 days (Mar 15, 2024) |
| Apr 21, 2022 | Jul 6, 2022 | -30.9% | 51 days | 77 days (Oct 24, 2022) |
| Nov 6, 2024 | Apr 4, 2025 | -29.2% | 101 days | 141 days (Oct 27, 2025) |
| Aug 13, 2021 | Jan 21, 2022 | -28.3% | 111 days | 27 days (Mar 2, 2022) |
| Apr 1, 2024 | Sep 11, 2024 | -27.6% | 113 days | 40 days (Nov 6, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $33.25B
- P/E (TTM)
- 21.0
- EPS, diluted (TTM)
- $11.03
- Revenue (TTM)
- $20.54B
- Dividend yield
- 0.90%
- 52-week range
- $140.77 – $288.74
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $18.41B | $22.26B | $18.80B | $17.54B | $18.18B |
| Gross profit | $5.36B | $6.12B | $4.05B | $2.80B | $2.36B |
| Operating income | $4.30B | $5.09B | $3.15B | $1.94B | $1.48B |
| Net income | $3.21B | $3.86B | $2.45B | $1.54B | $1.19B |
| EPS (diluted) | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $3.87B | $4.37B | $4.57B | $4.83B | $4.41B | $5.20B | $6.09B |
| Net income | $317.8M | $207.3M | $217.2M | $298.7M | $403.7M | $266.0M | $403.4M | $534.1M |
| EPS (diluted) | $2.05 | $1.36 | $1.44 | $2.00 | $2.74 | $1.82 | $2.78 | $3.69 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.20B | $4.46B | $3.52B | $1.84B | $1.45B |
| Capital expenditure | -$1.01B | -$908.9M | -$1.66B | -$1.87B | -$948.0M |
| Free cash flow | $1.20B | $3.55B | $1.86B | -$23.5M | $501.5M |
| Dividends paid | -$213.0M | -$237.2M | -$271.3M | -$282.6M | -$291.2M |
| Net share buybacks | -$1.06B | -$1.80B | -$1.45B | -$1.21B | -$900.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $567.7M
- Total assets
- $17.11B
- Total liabilities
- $7.75B
- Total debt
- $4.18B
- Net debt
- $3.61B
- Shareholders’ equity
- $9.42B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.53 | Oct 9, 2026 |
| Jun 30, 2026 | $0.53 | Jul 10, 2026 |
| Mar 31, 2026 | $0.53 | Apr 10, 2026 |
| Dec 31, 2025 | $0.50 | Jan 9, 2026 |
| Sep 30, 2025 | $0.50 | Oct 10, 2025 |
| Jun 30, 2025 | $0.50 | Jul 11, 2025 |
| Mar 31, 2025 | $0.50 | Apr 11, 2025 |
| Dec 31, 2024 | $0.46 | Jan 10, 2025 |
Short interest
- Shares sold short
- 3,776,059
- Days to cover
- 4.03
- Change vs previous report
- -0.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 31, 2008
- 2-for-1
- Nov 21, 2006
- 2-for-1