Steel Dynamics Inc.

Steel Dynamics Inc.

STLD

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Market Cap$37.52B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Steel Dynamics Inc.Steel Dynamics Inc.27.50.78%15%2.10.5

Earnings Call Q1 2026

April 21, 2026 - AI Summary

Strong Financial Performance: Steel Dynamics, Inc. reported net income of $403 million ($2.78 per diluted share) in Q1 2026, with adjusted EBITDA of $700 million. Revenues reached $5.2 billion, driven by record steel shipments of 3.6 million tons, showcasing a 73% sequential increase in operating income from steel operations compared to the previous quarter.
Aluminum Operations Outlook: The company’s aluminum operations faced challenges with an operational loss of $65 million due to startup issues in Q1, specifically quality problems that led to inventory write-offs. However, leadership expects to ramp shipments significantly from 22,000 tons in Q1 to between 60,000 and 70,000 tons in Q2 2026 as operational efficiency improves.
Favorable Market Conditions: The flat rolled steel market is experiencing strong demand, supported by lower imports and increasing average realized prices (HRC pricing rose from $850 to $975 per ton). Additionally, long product steel forces are benefiting from solid construction activity, particularly in energy and non-residential sectors.

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$222.33

Target Price by Analysts

19.2% downsideSteel Dynamics Target Price DetailsTarget Price
$65.37

Current Fair Value

76.2% downside

Overvalued by 76.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$37.52 Billion
Enterprise Value$41.30 Billion
Dividend Yield$2.03 (0.78%)
Earnings per Share$8.02
Beta1.49
Outstanding Shares144,797,000

Return

Return on Equity14.97%ROE
Return on Assets8.20%
Return on Invested Capital12.77%

Valuation & Multiples

P/E Ratio27.46P/E Ratio
PEG32.01PEG
Price to Sales2.1Price to Sales
Price to Book Ratio4.37Price to Book Ratio
Enterprise Value to Revenue2.17
Enterprise Value to EBIT22.22
Enterprise Value to Net Income30
Total Debt to Enterprise0.1
Debt to Equity0.47Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$3.59
Average shareholder expectation
Revenue Estimate
$5.39 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 20, 2026
EPS Estimate
$4.03
Average shareholder expectation
Revenue Estimate
$5.59 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8064 9.41%
Total Calls947,500 16.73%
Total Puts764,100 5.72%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %80.86% 2.01%
Total Invested$21.16B 3.53%
Investors Holding960 13.00%

ESG Score

No data

About Steel Dynamics Inc.

CEO: Mark Millett

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its influence directly shapes corporate tax structures and policies that are critical for Steel Dynamics' financial planning and profitability.

Finance

This powerful committee drives tax policy (corporate rates, investment credits) and trade policy (tariffs, customs duties) which directly and significantly impact Steel Dynamics' profitability, capital investment, and competitiveness against imports.

Appropriations

This committee directly allocates federal spending for infrastructure, defense, and other government projects that consume large amounts of steel, thereby directly affecting demand and order books for companies like Steel Dynamics.

Health, Education, Labor, and Pensions

This committee's jurisdiction over labor laws, including minimum wage and union regulations, directly impacts Steel Dynamics' workforce costs and operational environment, which are significant for heavy manufacturing.

Banking, Housing, and Urban Affairs

This committee's regulation of financial systems impacts Steel Dynamics' access to capital and borrowing costs. Its influence on housing and urban development directly affects demand for steel in construction.

Energy and Natural Resources

This committee dictates national energy policy, which directly affects the cost of electricity and natural gas, critical inputs for energy-intensive steel production. It also influences regulations for mining and resource extraction relevant to raw materials.

Environment and Public Works

This committee directly impacts steel demand through federal highway and infrastructure programs. Its regulation of the EPA also sets environmental compliance costs for steel mills, a significant operational factor for Steel Dynamics.

Foreign Relations

U.S. foreign policy, particularly sanctions and trade agreements, can heavily influence steel tariffs (e.g., Section 232), global steel prices, and raw material access, directly impacting Steel Dynamics.