(STLD) Steel Dynamics - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8581191009

Stock:

Total Rating 65

Risk 80

Buy Signal -0.75

Steel -9.5
Steel -9.6

Market Cap: 28,054m
Avg Trading Vol: 254M USD

ATR: 3.49%
Peers RS (IBD): 43.33

Risk 5d forecast
Volatility	35.1%
Relative Tail Risk	-6.58%

Reward TTM
Sharpe Ratio	1.08
Alpha	29.76

Character TTM
Beta	1.209
Beta Downside	1.563

Drawdowns 3y
Max DD	32.20%
CAGR/Max DD	0.52

EPS (Earnings per Share)

EPS CAGR: -27.31%
EPS Trend: -78.9%

Last SUE: -0.95
Qual. Beats: 0

Revenue

Rev. CAGR: -6.01%
Rev. Trend: -72.3%

Last SUE: -0.61
Qual. Beats: 0

Description: STLD Steel Dynamics

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, as well as 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 agriculture 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, girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, 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.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 1.19b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 3.21 > 1.0
NWC/Revenue: 24.00% < 20% (prev 18.70%; Δ 5.29% < -1%)
CFO/TA 0.09 > 3% & CFO 1.45b > Net Income 1.19b
Net Debt (3.44b) to EBITDA (2.11b): 1.63 < 3
Current Ratio: 3.06 > 1.5 & < 3
Outstanding Shares: last quarter (146.2m) vs 12m ago -4.29% < -2%
Gross Margin: 13.12% > 18% (prev 0.16%; Δ 1296 % > 0.5%)
Asset Turnover: 116.0% > 50% (prev 117.4%; Δ -1.48% > 0%)
Interest Coverage Ratio: 22.32 > 6 (EBITDA TTM 2.11b / Interest Expense TTM 70.0m)

Altman Z'' 7.73

A: 0.27 (Total Current Assets 6.48b - Total Current Liabilities 2.12b) / Total Assets 16.41b
B: 0.96 (Retained Earnings 15.69b / Total Assets 16.41b)
C: 0.10 (EBIT TTM 1.56b / Avg Total Assets 15.67b)
D: 2.10 (Book Value of Equity 15.69b / Total Liabilities 7.48b)
Altman-Z'' Score: 7.73 = AAA

Beneish M -2.76

DSRI: 1.15 (Receivables 1.68b/1.42b, Revenue 18.18b/17.54b)
GMI: 1.22 (GM 13.12% / 15.98%)
AQI: 0.89 (AQ_t 0.08 / AQ_t-1 0.09)
SGI: 1.04 (Revenue 18.18b / 17.54b)
TATA: -0.02 (NI 1.19b - CFO 1.45b) / TA 16.41b)
Beneish M-Score: -2.76 (Cap -4..+1) = A

What is the price of STLD shares?

As of February 25, 2026, the stock is trading at USD 190.87 with a total of 1,141,964 shares traded.
Over the past week, the price has changed by -0.55%, over one month by +10.13%, over three months by +18.76% and over the past year by +45.43%.

Is STLD a buy, sell or hold?

Steel Dynamics has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy STLD.

StrongBuy: 7
Buy: 3
Hold: 4
Sell: 0
StrongSell: 0

What are the forecasts/targets for the STLD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	193.1	1.2%
Analysts Target Price	193.1	1.2%

STLD Fundamental Data Overview February 21, 2026

P/E Trailing = 23.8822
P/E Forward = 14.7275
P/S = 1.5434
P/B = 3.1252
P/EG = 10.9053
Revenue TTM = 18.18b USD
EBIT TTM = 1.56b USD
EBITDA TTM = 2.11b USD
Long Term Debt = 3.78b USD (from longTermDebt, two quarters ago)
Short Term Debt = 34.7m USD (from shortTermDebt, last quarter)
Debt = 4.21b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.44b USD (from netDebt column, last quarter)
Enterprise Value = 31.50b USD (28.05b + Debt 4.21b - CCE 769.9m)
Interest Coverage Ratio = 22.32 (Ebit TTM 1.56b / Interest Expense TTM 70.0m)
EV/FCF = 62.80x (Enterprise Value 31.50b / FCF TTM 501.5m)
FCF Yield = 1.59% (FCF TTM 501.5m / Enterprise Value 31.50b)
FCF Margin = 2.76% (FCF TTM 501.5m / Revenue TTM 18.18b)
Net Margin = 6.52% (Net Income TTM 1.19b / Revenue TTM 18.18b)
Gross Margin = 13.12% ((Revenue TTM 18.18b - Cost of Revenue TTM 15.79b) / Revenue TTM)
Gross Margin QoQ = 11.83% (prev 15.70%)
Tobins Q-Ratio = 1.92 (Enterprise Value 31.50b / Total Assets 16.41b)
Interest Expense / Debt = 0.64% (Interest Expense 27.0m / Debt 4.21b)
Taxrate = 14.84% (46.1m / 310.6m)
NOPAT = 1.33b (EBIT 1.56b * (1 - 14.84%))
Current Ratio = 3.06 (Total Current Assets 6.48b / Total Current Liabilities 2.12b)
Debt / Equity = 0.47 (Debt 4.21b / totalStockholderEquity, last quarter 8.96b)
Debt / EBITDA = 1.63 (Net Debt 3.44b / EBITDA 2.11b)
Debt / FCF = 6.86 (Net Debt 3.44b / FCF TTM 501.5m)
Total Stockholder Equity = 8.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.56% (Net Income 1.19b / Total Assets 16.41b)
RoE = 13.31% (Net Income TTM 1.19b / Total Stockholder Equity 8.91b)
RoCE = 12.32% (EBIT 1.56b / Capital Employed (Equity 8.91b + L.T.Debt 3.78b))
RoIC = 10.39% (NOPAT 1.33b / Invested Capital 12.81b)
WACC = 9.09% (E(28.05b)/V(32.27b) * Re(10.37%) + D(4.21b)/V(32.27b) * Rd(0.64%) * (1-Tc(0.15)))
Discount Rate = 10.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.07%
[DCF Debug] Terminal Value 65.45% ; FCFF base≈501.5m ; Y1≈329.2m ; Y5≈150.2m
Fair Price DCF = N/A (negative equity: EV 2.47b - Net Debt 3.44b = -970.7m; debt exceeds intrinsic value)
EPS Correlation: -78.89 | EPS CAGR: -27.31% | SUE: -0.95 | # QB: 0
Revenue Correlation: -72.29 | Revenue CAGR: -6.01% | SUE: -0.61 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.18 | Chg30d=+0.058 | Revisions Net=+3 | Analysts=9
EPS current Year (2026-12-31): EPS=13.80 | Chg30d=+0.402 | Revisions Net=+3 | Growth EPS=+72.7% | Growth Revenue=+14.3%
EPS next Year (2027-12-31): EPS=15.70 | Chg30d=+0.710 | Revisions Net=+5 | Growth EPS=+13.8% | Growth Revenue=+2.9%

Additional Sources for STLD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle