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 9/24/2026, 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 |
Shares of Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) are climbing again on Tuesday, extending a month-long rebound in the U.S. steel complex. Cleveland-Cliffs stock is at $12.69, up 5% in Tuesday afternoon trading.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The basic materials sector has had a strong year in 2026. That performance is confirmed by the iShares U.S. Basic Materials ETF NYSEARCA: IYM.
Nykredit A S bought a new position in Steel Dynamics, Inc. (NASDAQ: STLD) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,461 shares of the basic materials company's stock, valued at approximately $8,596,000. Several other hedge funds and other institutional investors also
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 |
|---|---|---|---|---|---|---|---|
| $234.29 | $33.79B | 29.32 | 3.63% | 6.52% | 13.26% | 0.84% | |
| $246.98 | $56.25B | 32.84 | 5.73% | 7.99% | 12.84% | — | |
| $384.63 | $19.64B | 27.51 | 3.32% | 5.66% | 12.33% | — | |
| $64.66 | $7.15B | 87.38 | -1.61% | 6.72% | 13.65% | — | |
| $12.87 | $7.34B | -4.29 | -3% | -4.56% | -14.68% | — | |
| $59.70 | $2.96B | 18.77 | 19.75% | 11.3% | 15.79% | — |
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
Get notified when STLD posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
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 0.84%. 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.
