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Steel Dynamics STLD Net debt / EBITDA

Net debt / EBITDA at other companies

Nucor logo
NucorNUE
-0.5×-0.2×
Reliance logo
RelianceRS
1.3×+0.2×
Alcoa logo
AlcoaAA
0.7×0.0×
Carpenter Technology logo
Carpenter TechnologyCRS
0.5×-0.4×
CSX logo
CSXCSX
-0.1×-2.9×
ATI logo
ATIATI
1.7×-0.1×

Other financials

Income statement

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Revenue$5.2B+19.1%
Gross profit$763.2M+56.9%
Operating income$538.0M+95.5%
Net income$403.4M+85.8%
EPS (diluted)$2.78+93.1%

Balance sheet

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Cash & equivalents$556.5M-53.1%
Total debt$4.2B+0.1%
Total equity$9.2B+3.9%
Total assets$16.7B+5.0%

Cash flow

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Operating cash flow$148.3M-2.8%
CapEx$138.0M-54.8%
Free cash flow$10.3M+107%

Valuation

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Market cap$38.96B+38.9%
Enterprise value$42.6B+36.5%
P/E28.4×+4.4×
P/S2.1×+0.4×

Profitability

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Gross margin14%+0.6pp
Operating margin9.1%+0.6pp
Net margin7.2%+0.4pp

Returns & leverage

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Return on equity15.3%+2.2pp
Debt / equity0.5×0.0×
Current ratio3.1×+0.4×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on the most recent quarter.

The official record: Steel Dynamics’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Steel Dynamics's net debt / EBITDA?
Steel Dynamics (STLD) reported net debt / EBITDA of 1.6× in Q1 2026.
How has Steel Dynamics's net debt / EBITDA changed year-over-year?
Steel Dynamics's net debt / EBITDA increased by 2.7% year-over-year, from 1.5× to 1.6×.
What is the long-term trend for Steel Dynamics's net debt / EBITDA?
Over 4 years (2021 to 2025), Steel Dynamics's net debt / EBITDA has grown at a 21.4% compound annual growth rate (CAGR), from 3.1× to 6.7×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.