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Steel Dynamics

STLD

Steel Dynamics is a leading North American industrial metals solutions provider operating a circular manufacturing model that utilizes recycled scrap to produce lower-carbon-emission products.

Market cap
$33.81B+73.1%
Revenue$20.5B+19.8%
Net income$1.6B+54.4%
Free cash flow$955.6M+989%
EPS (diluted)$11.03+60.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 19, 2026 (in 2 months)
Revenue estimate$6.3B
EPS estimate$5.41

Financials

Q2 2026

Income statement

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Revenue$6.1B+33.4%
Gross profit$959.0M+55.1%
Operating income$700.5M+83.0%
Net income$534.1M+78.8%
EPS (diluted)$3.69+83.6%

Balance sheet

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Cash & equivalents$567.7M+23.9%
Total debt$4.2B+10.6%
Total equity$9.4B+6.3%
Total assets$17.1B+10.1%

Cash flow

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Operating cash flow$427.9M+41.9%
CapEx$123.8M-57.0%
Free cash flow$304.1M+2,190%

Valuation & ratios

Valuation

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Market cap$33.81B+73.1%
Enterprise value$37.43B+63.7%
P/E21×+2.3×
P/S1.7×+0.5×

Profitability

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Gross margin14.7%+2.1pp
Operating margin10%+2.5pp
Net margin7.8%+1.8pp
FCF margin4.7%+4.2pp

Returns & leverage

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Return on equity17.6%+6.0pp
Debt / equity0.4×0.0×
Current ratio3.2×+0.1×

Segments

By segment

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Steel Operations$4.1B+22.3%
Metals Recycling Operations$1.3B+8.9%
Corporate And Other$540.9M+49.6%
Aluminum Operations$518.9M+455%
Steel Fabrication Operations$393.9M+15.6%

By geography

See full
Non Us$472.7M+73.3%
Other Segments-$765.2M+1.5%

Competitors

Profile

Steel Dynamics is a leading North American industrial metals solutions provider operating a circular manufacturing model that utilizes recycled scrap to produce lower-carbon-emission products. The company maintains a highly diversified portfolio across steel production, metals recycling, and downstream steel fabrication, while expanding into sustainable aluminum flat rolled products. Its business is built on a vertically integrated platform that serves critical infrastructure, automotive, and industrial sectors.

Competitive position

One of the largest domestic steel producers and metals recyclers in North America with a low-cost, electric arc furnace production model.

GeographiesUnited States, Mexico
Customer segmentsAutomotive OEMs, Construction companies, Industrial manufacturers, Packaging companies
Business modelCircular manufacturing, Vertical integration, Value-added manufacturing
SuppliersFerrous and nonferrous scrap metal, Electricity, Natural gas, Graphite electrodes
CustomersAutomotive industry, Non-residential construction, Beverage packaging, Transportation, Infrastructure
Listed1996
Employees12.6K
CEOMark D. Millett
IndustrySteel
FilingsSEC EDGAR

FAQ

What is Steel Dynamics's market cap?
Steel Dynamics (STLD) has a market capitalization of $33.8B and trades on NASDAQ.
What is Steel Dynamics's revenue and profitability?
Steel Dynamics generated $20.5B in trailing twelve-month revenue with net income of $1.6B, representing a net margin of 7.8%. Gross margin stands at 14.7%, with free cash flow of $955.6M. These figures are based on the Q2 2026 filing.
Who are Steel Dynamics's competitors?
Steel Dynamics's key competitors include Cleveland-Cliffs Inc., Commercial Metals Company, Nucor Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does Steel Dynamics have?
Steel Dynamics's subsidiaries include OmniSource, New Millennium Building Systems.
Where is Steel Dynamics headquartered?
Steel Dynamics is headquartered in United States of America and employs approximately 12,600 people. It has been publicly traded since 1996.