Steel Dynamics is in the midst of a powerful cyclical recovery, with revenue surging 33.4% YoY to $6.1B in 2026Q2 and gross margins expanding to 15.7% from 11.8% in 2025Q4, signaling strong pricing power and operational leverage. The company's integrated busin...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue accelerated 33.4% YoY to $6.1B in 2026Q2, with gross margin expanding to 15.7% and operating margin to 12.6%, reflecting strong steel spreads and cost control.
STLD's trailing and forward P/E ratios of 18.51 and 14.29 respectively indicate solid valuation and growth potential.
Gregg Jahnke's bullish thesis on Substack highlights positive sentiment and investment potential for STLD.
Steel's wide variety of applications and improved mechanical properties drive consistent demand for STLD's products.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 20, 2026 | $3.69+1.7% vs $3.63 | $6.1B+9.6% vs $5.6B |
Q2 2026 Apr 22, 2026 | $2.78-2.1% vs $2.84 | $5.2B+2.1% vs $5.1B |
Q1 2026 Jan 26, 2026 | $1.82+7.1% vs $1.70 | $4.4B-3.0% vs $4.6B |
Q4 2025 Oct 20, 2025 | $2.74+4.2% vs $2.63 | $4.8B+1.3% vs $4.8B |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) stock rose 3% to $11.32 on Wednesday as the recent steel-stock selloff subsided. Nucor (NYSE:NUE) shares ticked higher by 0.4% to $236.62, while Steel Dynamics (NASDAQ:STLD) stock advanced 0.81% to $223.16.
Steel Dynamics (STLD) reached $230.39 at the closing of the latest trading day, reflecting a -1.4% change compared to its last close.
Selling in Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) shares is running far ahead of the rest of the steel group, and the size of that gap carries the story. Cleveland-Cliffs stock is down 9% to $11.
Benchmark STLD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Steel Dynamics, Inc. (STLD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $231.99 | $33.46B | 29.04 | 3.63% | 6.52% | 13.26% | 0.85% | |
| $240.39 | $54.75B | 31.97 | 5.73% | 7.99% | 12.84% | — | |
| $400.31 | $20.44B | 28.63 | 3.32% | 5.66% | 12.33% | — | |
| $63.58 | $7.03B | 85.92 | -1.61% | 6.72% | 13.65% | — | |
| $11.32 | $6.46B | -3.77 | -3% | -4.56% | -14.68% | — | |
| $60.66 | $3.01B | 19.08 | 19.75% | 11.5% | 16.19% | — |
Steel Dynamics, Inc. (STLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Steel Dynamics, Inc. (STLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 21, 2026·SEC
Jun 18, 2026·SEC
May 8, 2026·SEC
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Steel Dynamics, Inc. (STLD) stock FAQ — growth, dividends, profitability & financials explained
Steel Dynamics, Inc. (STLD) reported $20.54B in revenue for fiscal year 2025. This represents a 8031% increase from $252.6M in 1996.
Steel Dynamics, Inc. (STLD) grew revenue by 3.6% over the past year. Growth has been modest.
Yes, Steel Dynamics, Inc. (STLD) is profitable, generating $1.61B in net income for fiscal year 2025 (6.5% net margin).
Yes, Steel Dynamics, Inc. (STLD) pays a dividend with a yield of 0.85%. This makes it attractive for income-focused investors.
Steel Dynamics, Inc. (STLD) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.
Steel Dynamics, Inc. (STLD) generated $955.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
