Steel Dynamics, Inc. (STLD) is a Materials stock trading at $221.97 (as of 2026-07-09), with a market capitalization of $32.01B and a trailing P/E of 24.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. 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. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
Steel Dynamics produces hot rolled, cold rolled, and coated steel products, and it also recycles metals, making money by selling steel products and processed recycled metals through its steel operations and recycling businesses.
Profitability is strongly connected to steel mill throughput and product shipment volumes, shown by the focus on steel mill utilization and detailed steel shipments, with recycling as a supporting business line.
Business quality (Mixed): Clear three-part operating structure (Steel Operations, Metals Recycling Operations, Steel Fabrication Operations) and a measurable operating driver (steel mill utilization) alongside shipment data and safety tracking.
Valuation: At 26× earnings, STLD trades 8% above the Steel Works average (24×). Note: one-time items can distort reported P/E.
| Price | $221.97 |
| Market Cap | $32.01B |
| P/E Ratio | 24.1 |
| EV / EBITDA | 15.7 |
| Price / Book | 3.56 |
| Price / Sales | 1.69 |
| FCF Yield | 1.3% |
| DCF Value (model) | $77.03 |
| DCF Upside vs Price | -65.3% |
| Revenue (TTM) | $18.18B |
| Net Margin | 6.5% |
| Revenue Growth (YoY) | 3.6% |
| EPS Growth (YoY) | -18.9% |
| FCF Growth (YoY) | -2233.8% |
| Altman Z-Score | 5.59 (safe) |
| Piotroski F-Score | 5/9 (moderate) |
| Stock P/E | 24.1 |
| Sector P/E (Materials) | 25.9 |
| Industry P/E (Steel Works) | 21.1 |
| vs Sector | -6.7% |
| vs Industry | 14.7% |
| Top Institutional Holder | VANGUARD GROUP INC ($2.88B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 1 |
| Sector | Materials |
| Industry | Steel Works |
| CEO | Mark D. Millett |
| Employees | 13,000 |
| Country | US |
| IPO Date | 1996-11-22 |
Data as of 2026-07-09.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.