Steel Dynamics
Runs EAF steel mills, scrap recycling, construction fabrication, and recycled-aluminum rolling.
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Profile
Produces flat-rolled and long steel in electric-arc furnaces, processes ferrous and nonferrous scrap, and fabricates joists and deck for non-residential construction. A ramping aluminum platform extends the recycled-input model into beverage, automotive, and industrial sheet.
Produces flat-rolled sheet, structural sections, rail, engineered bar, merchant bar, and rebar through electric-arc-furnace steel mills, then adds coating, processing, threaded rod, and other downstream services. OmniSource recycles and brokers ferrous and nonferrous scrap, while New Millennium Building Systems fabricates joists, girders, and deck for non-residential construction. Aluminum Dynamics is ramping recycled-content flat-rolled aluminum for beverage, automotive, and industrial markets.
Operations span the United States and Mexico. The circular manufacturing model links scrap collection to steel and aluminum mills and sends steel into company-owned processing and fabrication businesses, supporting raw-material access and internal demand. Results remain exposed to cyclical metal pricing, scrap and energy availability, imports, construction and manufacturing demand, environmental permits, and the aluminum platform's production ramp and concentrated customer base.
Company facts
Categories
Key statistics
Year to date +33.2% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | UBS | Reiterate | Neutral | $165 | $276 |
| Jul 29, 2026 | Goldman Sachs | Target | $172 | $300 | |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Equal Weight | $270 | $260 |
| Jul 22, 2026 | Wells Fargo | Reiterate | Overweight | $291 | $275 |
| Jul 22, 2026 | Barclays | Reiterate | Overweight | $270 | $272 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 20, 2026Q2 FY26 | $3.63 | $3.69 | +1.7% | $5.56B | $6.09B | +9.6% | +1.31% |
| Apr 22, 2026Q1 FY26 | $2.84 | $2.78 | −2.1% | $5.10B | $5.20B | +2.1% | −1.06% |
| Jan 26, 2026Q4 FY25 | $1.70 | $1.82 | +7.1% | $4.55B | $4.41B | −3.0% | +1.34% |
| Oct 20, 2025Q3 FY25 | $2.63 | $2.74 | +4.2% | $4.76B | $4.83B | +1.3% | +5.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.37B | $4.57B | $4.83B | $4.41B | $5.20B | $6.09B | |
| Gross profit | $486.5M | $618.5M | $757.9M | $522.1M | $763.2M | $959.0M | |
| Operating income | $275.1M | $382.9M | $507.8M | $310.2M | $588.0M | $765.5M | |
| Net income | $217.2M | $298.7M | $403.7M | $266.0M | $403.4M | $534.1M | |
| Diluted EPS | $1.44 | $2.00 | $2.74 | $1.82 | $2.78 | $3.69 | |
| Gross margin | 11.1% | 13.5% | 15.7% | 11.8% | 14.7% | 15.7% | |
| Operating margin | 6.3% | 8.4% | 10.5% | 7.0% | 11.3% | 12.6% |
Fiscal years (4-quarter sums)FY21 $18.41B · FY22 $22.26B · FY23 $18.80B · FY24 $17.54B · FY25 $18.18B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $567.7M · Total debt $4.18B · Total assets $17.11B · Shareholders' equity $9.42B
Dividends
Raised for 16 straight years — most recently to $0.53 from $0.50 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 10 | $0.53 | |
| Mar 31, 2026 | Mar 31 | Apr 10 | $0.53 | raised from $0.50 |
| Dec 31, 2025 | Dec 31 | Jan 9 | $0.50 | |
| Sep 30, 2025 | Sep 30 | Oct 10 | $0.50 | |
| Jun 30, 2025 | Jun 30 | Jul 11 | $0.50 | |
| Mar 31, 2025 | Mar 31 | Apr 11 | $0.50 | raised from $0.46 |
| Dec 31, 2024 | Dec 31 | Jan 10 | $0.46 | |
| Sep 30, 2024 | Sep 30 | Oct 11 | $0.46 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 143.33M · Float 133.64M · 93.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.40M | 8.65% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 8.90M | 6.21% | 13F | Aug 13, 2026 |
| FMR LLC | 7.72M | 5.39% | 13F | Aug 13, 2026 |
| State Street Corp | 7.38M | 5.15% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.76M | 4.71% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | James Stanley Anderson | officer: Senior Vice President | −10,000 | $268.70 |
| May 13, 2026 | Christopher A. Graham | officer: Senior Vice President | −9,000 | $236.81 |
| May 12, 2026 | Richard A. Poinsatte | officer: Senior Vice President | −2,300 | $234.11 |
| Apr 23, 2026 | Kenneth W. Cornew | director | −5,000 | $224.87 |
| Apr 23, 2026 | Miguel Alvarez | officer: Senior Vice President | −4,825 | $225.58 |
Peers
- Nucor
North America largest EAF steelmaker, mirroring STLD across all steel segments.
- Cleveland-Cliffs
Largest US flat-roll producer; head-to-head on automotive and coated sheet.
- Commercial Metals
US EAF long-products leader in rebar, merchant bar, and downstream fabrication.
- ArcelorMittal (ADR)
Global steel giant; North American flat-roll via fully owned Calvert, Alabama.
- Ternium (ADR)
Mexico/LatAm flat-roll leader; direct overlap with STLD's Sinton Texas mill.
- Constellium
Global aluminum flat-rolled leader in can sheet and automotive body sheet.
- Kaiser Aluminum
North American specialty aluminum flat-rolled and extruded products producer.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Steel Dynamics | $234.67 | +0.04% | $33.63B | 21.3 | 11.6 | 1.6 | +33.4% |
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Cleveland-Cliffs | $11.61 | −0.04% | $6.63B | — | 18.2 | 0.3 | +5.9% |
| Commercial Metals | $67.63 | −0.03% | $7.48B | 12.7 | 9.4 | 0.8 | +22.9% |
| ArcelorMittal (ADR) | $74.39 | +0.01% | $56.62B | 31.5 | — | 0.9 | +5.2% |
| Ternium (ADR) | $54.84 | −0.13% | $10.77B | 15.1 | 8.0 | 0.7 | +10.0% |
| Constellium | $26.98 | 0.00% | $3.66B | 6.9 | 10.3 | 0.4 | +11.5% |
| Kaiser Aluminum | $156.72 | +0.18% | $2.56B | 11.6 | 15.5 | 0.6 | +52.7% |
| Median | 13.9 | 11.2 | 0.7 | +11.5% |