Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $bn | 9.6 | 18.4 | 22.3 | 18.8 | 17.5 | 18.2 | 22.2 | 24.2 |
| Operating profit | $bn | 1.48 | 2.67 | ||||||
| Net profit | $bn | 0.55 | 3.21 | 3.86 | 2.45 | 1.54 | 1.19 | 1.96 | 2.52 |
| EPS reported | $ | 7.99 | 13.55 | ||||||
| Operating cashflow per share | $ | 9.81 | 11.85 | ||||||
| Capex per share | $ | 6.41 | 4.20 | ||||||
| FCF per share | $ | 3.39 | 7.66 | ||||||
| Free cash flow | $bn | 0.50 | 1.09 | ||||||
| Net debt | $bn | 3.44 | 3.28 | ||||||
| Book value equity | $bn | 8.96 | 9.84 | ||||||
| Book value per share | $ | 60.36 | 68.53 | ||||||
| Number of shares | m | 148.4 | 143.62 | ||||||
| DPS (TTM paid) | $ | 2.00 | 2.09 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 21.21 | 17.64 | ||||||
| P/B LTM | x | 2.80 | 3.45 | ||||||
| P/S LTM | x | 1.38 | 1.53 | ||||||
| P/FCF LTM | x | 49.94 | 31.04 | ||||||
| EV/EBITDA LTM | x | 13.47 | 10.65 | ||||||
| EV/Sales LTM | x | 1.57 | 1.68 | ||||||
| Earnings Yield LTM | % | 4.71% | 5.67% | ||||||
| FCF Yield | % | 2.00% | 3.22% | ||||||
| Quality | |||||||||
| ROE | % | 13.24% | 20.97% | ||||||
| ROIC | % | 8.19% | 12.92% | ||||||
| Operating margin | % | 8.12% | 12.02% | ||||||
| Gross margin | % | 13.01% | 15.84% | ||||||
| FCF/Sales | % | 2.76% | 4.93% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -18.80% | +79.71% | ||||||
| Sales Growth YoY | % | +3.63% | +26.00% | ||||||
| Net Income Growth YoY | % | -22.87% | +73.90% | ||||||
| FCF Growth | % | - | +252.05% | ||||||
| Operating Profit Growth | % | -24.04% | +90.28% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 1.16% | 0.87% | ||||||
| Dividend Growth | % | +8.70% | +6.63% | ||||||
| Payout Ratio | % | 24.56% | 15.20% | ||||||
| FCF/Debt | x | 0.12 | 0.26 | ||||||
| Net Debt/EBITDA | x | 1.63 | 0.94 | ||||||
| EBIT/Net interest | x | 21.07 | 19.26 | ||||||
| Net debt/market cap | % | 13.74% | 9.64% | ||||||
| Net debt/Equity | x | 0.38 | 0.33 | ||||||
| Gross debt/equity | x | 0.47 | 0.43 | ||||||
ETFs that hold Steel Dynamics
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| State Street SPDR S&P Metals & Mining ETF | XME | 6 | 5.75% |
| iShares MSCI Global Metals & Mining Producers ETF | PICK | 10 | 2.16% |
| Invesco NASDAQ Next Gen 100 ETF | QQQJ | 10 | 1.67% |
| iShares U.S. Basic Materials ETF | IYM | 9 | 2.85% |
| First Trust Materials AlphaDEX Fund | FXZ | 3 | 4.92% |
| VanEck Steel ETF | SLX | 7 | 5.32% |
| Evolve Global Materials & Mining Enhanced Yield Index ETF | BASE.TO | 7 | 5.34% |
| Sprott Active Metals & Miners ETF | METL | 3 | 4.06% |
Funds with Steel Dynamics among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Steel Dynamics, Inc. (STLD)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| State Street SPDR S&P Metals & Mining ETF | XME | 6 | 5.75% |
| iShares MSCI Global Metals & Mining Producers ETF | PICK | 10 | 2.16% |
| Invesco NASDAQ Next Gen 100 ETF | QQQJ | 10 | 1.67% |
| iShares U.S. Basic Materials ETF | IYM | 9 | 2.85% |
| First Trust Materials AlphaDEX Fund | FXZ | 3 | 4.92% |
| VanEck Steel ETF | SLX | 7 | 5.32% |
| Evolve Global Materials & Mining Enhanced Yield Index ETF | BASE.TO | 7 | 5.34% |
| Sprott Active Metals & Miners ETF | METL | 3 | 4.06% |
Funds with Steel Dynamics among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.
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