STLD

Steel DynamicsNASDAQ · Steel · Materials

Previous close

238.23

Change

−0.99 / −0.41%

FinDog View

Bullish

52-Week Range

134.87 – 288.74

P/E (TTM)

21.2

Forward P/E

13.9

Based on consensus earnings for the next 12 months

Market Cap

$34.1B

−7.72%

S&P 500 −2.41% over same period

Volume / Avg Volume

913K / 977K

0.93× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 25.11M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-21	$6.1B	3.69 / 3.71	+2.19%	Pending
FY2026 Q1 Quarter ended 2026-03	2026-04-21	$5.2B	2.78 / 2.84	+3.29%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-01-27	$18.2B	7.99 / 1.72	−0.72%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-21	$4.8B	2.74 / 2.69	−3.42%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-22	$4.6B	2.01 / —	−1.15%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-23	$4.4B	1.44 / —	+3.99%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 72 of its 5-year rangeExpensive

5-year range 6.1 – 27.9 · Median 12.7

Last 4 quarters: $766M in buybacks + $296M in dividends, 3.11% of market cap combined

P/E (TTM)

21.2

P/B

3.6

P/S

1.7

Dividend Yield

1.52%

Earnings Reaction

Over the last 6 reports, the stock moved ±2.5% on average on the first trading day after, rising 3 times

Most recent +2.19%

Volatility & Correlation

1-year beta 0.97 · Correlation with S&P 500 0.35Tracks the market

Annualized volatility 38% vs. 14% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

No open-market buys or sells by officers or directors in the last 90 days.

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	6.09	+33.4%	15.7%	0.70	0.53	0.30	3.69
FY2026 Q1	5.20	+19.1%	14.7%	0.54	0.40	0.01	2.78
FY2025 Q4	4.41	+14.0%	12.0%	0.31	0.27	0.08	1.80
FY2025 Q3	4.83	+11.2%	15.7%	0.51	0.40	0.56	2.74
FY2025 Q2	4.57	−1.5%	13.5%	0.38	0.30	0.01	2.01
FY2025 Q1	4.37	−6.9%	11.1%	0.28	0.22	-0.15	1.44
FY2024 Q4	3.87	−8.5%	11.4%	0.24	0.21	-0.11	1.40
FY2024 Q3	4.34	−5.4%	13.9%	0.40	0.32	0.14	2.05
FY2024 Q2	4.63	−8.8%	16.7%	0.56	0.43	-0.04	2.72
FY2024 Q1	4.69	−4.1%	20.9%	0.75	0.58	-0.02	3.67
FY2023 Q4	4.23	−15.1%	17.3%	0.52	0.42	0.35	2.66
FY2023 Q3	4.59	−18.8%	20.8%	0.73	0.58	0.56	3.47

Peers

Largest by market cap in the sector · Latest quarterView Materials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
STLD	Steel Dynamics	$34.1B	21.2	+33.4%	15.7%	−7.72%	Bullish
LIN	Linde plc	$213B	29.5	+9.3%	—	−2.58%	Neutral	Compare
NEM	Newmont	$128B	15.2	+15.1%	—	+1.19%	Neutral	Compare
FCX	Freeport-McMoRan	$99.4B	33.8	−8.1%	30.0%	+1.26%	Neutral	Compare
SHW	Sherwin-Williams	$78.0B	29.0	+7.5%	49.2%	−8.15%	Neutral	Compare
ECL	Ecolab	$76.8B	36.6	+9.7%	44.1%	−0.64%	Neutral	Compare
APD	Air Products	$63.9B	—	+4.6%	32.8%	−4.58%	Neutral	Compare
NUE	Nucor	$59.1B	25.4	+23.0%	19.6%	−4.40%	Neutral	Compare
CRH	CRH plc	$57.7B	15.3	+5.6%	39.8%	−9.73%	Bullish	Compare

The View in One Line

Q2 revenue $6.09 billion, gross margin 15.7%, EPS 3.69 slightly below expectations, but rising steel prices drove a big earnings increase and aluminum business losses narrowed, Bullish.

Updated 2026-09-16

View History

09-16Neutral → Bullish
Q2 revenue $6.09 billion, gross margin 15.7%, EPS 3.69 slightly below expectations, but rising steel prices drove a big earnings increase and aluminum business losses narrowed, Bullish.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$185MAdded +58%
Bridgewater Associates · Ray Dalio$86.8MReduced −14%

As of 2026-06-30

Key Events

08-18Management Change
Steel Dynamics Grants Transition Equity Awards to Two Executives
On August 12, 2026, the company's compensation committee approved grants of $2 million in restricted stock units each to Barry Schneider and Christopher Graham, to be issued on December 15, 2026.Source ↗
08-14Capital Actions
Steel Dynamics Declares Third Quarter Cash Dividend
On August 14, 2026, Steel Dynamics issued a press release declaring its third quarter 2026 cash dividend.Source ↗
08-04Management Change
CEO to Retire in 2027, CFO to Succeed
On August 3, 2026, Steel Dynamics Chairman and CEO Mark D. Millett notified the board he will retire on January 1, 2027 and transition to Executive Chairman, with current CFO Theresa E. Wagler to succeed him as President and CEO.Source ↗
05-08Governance
Steel Dynamics Annual Meeting Passes Several Resolutions and Declares Dividend
At the May 6, 2026 annual meeting, all 7 directors were elected, Ernst & Young was ratified as auditor and 2025 executive compensation was approved, while a shareholder proposal on political spending was rejected; on May 7, a second-quarter cash dividend was declared.Source ↗
03-27Management Change
Two Directors to Retire, Board Size to Shrink to Seven
Steel Dynamics directors Richard P. Teets, Jr. and Gabriel L. Shaheen notified the board on March 25, 2026 that they will retire at the end of their terms at the 2026 annual meeting of shareholders and will not seek re-election, reducing the board size from nine to seven at that time.Source ↗

Key Financial Trends

Quarterly Revenue ($B)6.1

Gross Margin15.7%

Free Cash Flow ($B)0.3