Steel Dynamics, Inc. (STLD) Stock Price & Analysis
Steel Dynamics, Inc. (STLD) closed at USD 239.9 on Thursday, October 22, 2026, down 3.25% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 247.97; the Oct 22, 2026 session ranged USD 232.47–244.82 on volume of 1,389,426 shares. Market capitalization is $34.38B, with a 52-week range of USD 148.13–288.74 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:06 UTC.
Also available as compact Markdown for AI agents: nexqual.com/STLD.md
Latest Earnings Results (STLD)
Steel Dynamics, Inc. (STLD) reported Q3 2026 results on Oct 19, 2026, 4:30:00 PM ET: GAAP EPS $5.26 vs. estimate $5.40 (miss), revenue $6.51B vs. estimate $6.55B (miss). Source: company press release. Nexqual published it 54 seconds after release. Read the press release.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $5.26 (GAAP diluted) | $6.51B | Oct 19, 2026, 4:30:00 PM ET · on Nexqual +54 seconds | PR Newswire |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (STLD)
- Last four reported quarters (through Jun 30, 2026): revenue $20.5B, net income $1.61B (7.8% margin), free cash flow $956M (SEC filings).
- Valuation: P/E 21.4x (avg 13.6x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $7.6M; 5 not under a Rule 10b5-1 plan ($7.6M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.29 on a 1–5 scale) (14 analysts), mean target USD 272.68 (range 205.45–310).
- Total return with dividends: 1Y +60.9% vs S&P 500 +14.9%; 5Y +306.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-19, EPS estimate USD 5.9, revenue estimate $6.21B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (STLD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B | $20.5B |
| Gross profit | $5.36B | $6.12B | $4.05B | $2.80B | $2.39B | — |
| Operating income | $4.30B | $5.09B | $3.15B | $1.94B | $1.48B | $2.06B |
| Net income | $3.21B | $3.86B | $2.45B | $1.54B | $1.19B | $1.61B |
| EPS (diluted) | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 | — |
| Free cash flow | $1.20B | $3.55B | $1.86B | -$23.5M | $502M | $956M |
| Gross margin | 29.1% | 27.5% | 21.5% | 16.0% | 13.2% | — |
| Operating margin | 23.4% | 22.9% | 16.8% | 11.1% | 8.1% | 10.0% |
| Net margin | 17.5% | 17.4% | 13.0% | 8.8% | 6.5% | 7.8% |
| Revenue growth | +91.7% | +20.9% | -15.6% | -6.7% | +3.6% | — |
| Cash + short-term investments | — | $2.26B | $2.12B | $737M | $770M | — |
| Total debt | $3.11B | $3.07B | $3.07B | $3.23B | $4.21B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (STLD)
P/E 21.4x · P/S 1.7x · P/FCF 36.0x · P/B 3.6x · FCF yield 2.78% · Earnings yield 4.67% · Dividend yield (paid, TTM) 0.86% · Buyback yield (TTM) 2.23%
P/E at fiscal year-ends: Dec 2025 21.2x, Dec 2024 11.6x, Dec 2023 8.1x.
Insider sales (SEC Form 4, open-market, last ~7 months) (STLD)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-05 | Anderson James Stanley | Senior Vice President | 10,000 | $2.7M | 8.9% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-13 | Graham Christopher A | Senior Vice President | 9,000 | $2.1M | 11.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-12 | Poinsatte Richard A | Senior Vice President | 2,300 | $538K | 7.4% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-04-23 | Alvarez Miguel | Senior Vice President | 4,825 | $1.1M | 3.8% | No | Too little history (no open-market trades in 2023) |
| 2026-04-23 | Cornew Kenneth W. | Director | 5,000 | $1.1M | 13.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (STLD)
Consensus Buy (mean 2.29 on a 1–5 scale), 14 analysts; mean target USD 272.68 (low 205.45, high 310).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Wells Fargo | Target raised | Overweight | $257 → $271 |
| 2026-10-19 | Barclays | Target raised | Overweight | $272 → $285 |
| 2026-10-09 | JP Morgan | Target lowered | Neutral | $272 → $260 |
| 2026-09-18 | JP Morgan | Target lowered | Neutral | $273 → $272 |
| 2026-09-18 | Wells Fargo | Target raised | Overweight | $255 → $257 |
| 2026-09-09 | JP Morgan | Target raised | Neutral | $260 → $273 |
| 2026-08-24 | Wells Fargo | Target lowered | Overweight | $275 → $255 |
| 2026-08-10 | UBS | Target raised | Neutral | $165 → $276 |
| 2026-07-22 | Wells Fargo | Target lowered | Overweight | $291 → $275 |
| 2026-07-22 | Morgan Stanley | Target lowered | Equal-Weight | $270 → $260 |
| 2026-07-22 | JP Morgan | Target raised | Neutral | $256 → $260 |
| 2026-07-22 | Barclays | Target raised | Overweight | $270 → $272 |
Total return (dividends reinvested) (STLD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +60.9% | +306.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +61.1% | +32.3% |
| Volatility (annualized) | 35.8% | 39.2% |
| Max drawdown | -22.4% (Jun 2026→Aug 2026) | -29.4% (Feb 2023→May 2023) |
STLD revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $5.62B | 92.2% | +30.9% |
| Non Us | $472.7M | 7.8% | +73.3% |
| Total revenue | $6.09B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name STLD in their SEC reports
| Relationship to STLD | Company | Filing | Sentence |
|---|---|---|---|
| customer | NWPX Infrastructure, Inc. (NWPX) | 10-K Feb 26, 2026 | “Our suppliers include Steel Dynamics, Inc., Nucor Corporation, SSAB, North Star BlueScope Steel, United States Steel Corporation, and JSW Steel USA.” |
STLD company outlook (results filed Oct 20, 2026)
- “Outlook “Looking ahead to 2027 and beyond, we remain optimistic regarding the domestic steel and aluminum industries,” stated Millett. “We expect steel and aluminum consumption to benefit from continued investment in infrastructure, manufacturing, energy, and data centers, along with improving broader economic activity.”
Quoted word-for-word from the SEC 8-K results press release.
STLD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $5.90 | $4.93 | +19.7% | $6.21B | 11 |
| Next quarter (ends Mar 2027) | $5.59 | $4.88 | +14.6% | $6.29B | 7 |
| Current fiscal year (ends Dec 2026) | $17.29 | $16.61 | +4.1% | $24.14B | 9 |
| Next fiscal year (ends Dec 2027) | $21.41 | $18.86 | +13.5% | $24.93B | 14 |
STLD options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 39.6% | ±8.9% |
| Dec 18, 2026 | 56 | 37.4% | ±11.8% |
| Jan 15, 2027 | 84 | 37.4% | ±14.4% |
| Feb 19, 2027 | 119 | 37.5% | ±17.1% |
| Mar 19, 2027 | 147 | 37.9% | ±19.2% |
| May 21, 2027 | 210 | 38.5% | ±23.2% |
| Jun 17, 2027 | 237 | 38.3% | ±24.6% |
| Sep 17, 2027 | 329 | 38.5% | ±28.9% |
30-day implied volatility 37.2% vs 31.4% realized over the last 30 trading days. Put/call ratio (volume) 0.44. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:06 UTC)
| Price | USD 239.9 |
|---|---|
| Change | ▼ 3.25% (down) |
| Previous Close | USD 247.97 |
| Open | USD 243.52 |
| Day Range | USD 232.47 – 244.82 |
| 52-Week Range | USD 148.13 – 288.74 |
| Volume | 1,389,426 shares |
| Market Cap | $34.38B |
| Exchange | NMS |
Technical Analysis (STLD)
Nexqual's technical model rates STLD "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 10:06 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 50.24 (neutral) |
| vs SMA50 | Above (USD 237.78) |
| MACD | 1.94 (positive) |
Analyst Ratings (STLD)
Wall Street analysts rate STLD "Buy" based on 14 analysts, with a mean price target of USD 272.68 (range USD 205.45–310), per Nexqual as of October 23, 2026 at 10:06 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 272.68 |
| High Target | USD 310 |
| Low Target | USD 205.45 |
| Buy / Hold / Sell | 9 / 4 / 1 |
Earnings (STLD)
| Next Earnings Date | 2026-10-19 |
|---|---|
| EPS Estimate | USD 5.9 |
| Revenue Estimate | $6.21B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 5.26 vs est 5.41 ▼ miss |
| 2026-06-30 | USD 3.69 vs est 3.67 ▲ beat |
| 2026-03-31 | USD 2.78 vs est 2.79 ▼ miss |
| 2025-12-31 | USD 1.82 vs est 1.69 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Financials & Fundamentals (STLD)
| Total Revenue | $22.22B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +34.80% |
| Gross Margin | +15.90% |
| Operating Margin | +15.46% |
| Profit Margin | +8.82% |
| ROE | +20.81% |
| Debt / Equity | 0.45 |
| Current Ratio | 3.15 |
| Total Cash | $928.56M |
| Total Debt | $4.41B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $955.56M (4.7% of revenue) |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Financial Health Score (STLD)
Nexqual rates Steel Dynamics, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:06 UTC.
| Growth | Mixed — Revenue +3.6% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 16%, operating 15% (last 12 months) |
| Balance Sheet | Strong — $770M cash and investments vs $4.21B debt (Dec 2025, SEC) |
| Cash Flow | Mixed — FCF $956M (last 4 quarters to Jun 2026, SEC), slim 4.7% margin |
| Efficiency | Strong — ROE 21%, ROA 9.4% |
Ownership (STLD)
| Insider Ownership | +6.57% |
|---|---|
| Institutional Ownership | +86.33% |
| Shares Outstanding | 143.33M |
| Float | 133.23M |
| Short % of Float | +3.53% |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
Leadership (STLD)
Steel Dynamics, Inc. is led by Mark D. Millett, Co-Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 10:06 UTC.
| Co-Founder, Chairman & CEO | Mark D. Millett |
|---|---|
| Executive VP, CFO, Company Secretary & Director | Theresa E. Wagler |
| Executive VP & CTO | Barry T. Schneider |
| Executive VP & COO of Flat Rolled Steel Operations | Christopher A. Graham |
| Investor Relations Director | David A. Lipschitz |
Major Backers & Investors (STLD)
Notable institutional backers of Steel Dynamics, Inc. include FMR, LLC, Capital Group, Growth Fund of America, according to Nexqual as of October 23, 2026 at 10:06 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 5.39% |
| Capital Group | 2.54% |
| Growth Fund of America | 2.46% |
| Morgan Stanley | 2.33% |
| NORGES BANK | 1.73% |
| Life Cycle Investment Partners Ltd | 1.6% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.92% |
| BlackRock | 8.65% |
| State Street | 5.15% |
| Geode Capital | 2.64% |
Source: Nexqual, October 23, 2026 at 10:06 UTC.
From Steel Dynamics, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Our unique entrepreneurial culture and business model create operational and financial advantages and support the responsible use of resources across diverse economic environments.
- Our Columbus and Sinton Flat Roll Divisions enable us to capitalize on industrial markets in the Southern United States and Mexico and to further expand our customer base for painted products, line pipe, and other pipe applications.
- Our state-of-the art heat treating system allows us to produce high quality premium rail, which has been certified by all Class I railroads.
- Steel of West Virginia's flexible manufacturing capabilities enable us to meet demand for a variety of custom-ordered and designed products.
Legal & Regulatory Risks (Item 1A, quoted)
- Increased environmental, GHG emissions and sustainability considerations from our customers and investors or related regulations could affect demand for our products and add significant costs.
- Compliance with and changes in environmental and remediation requirements may result in substantially increased capital requirements and operating costs.
- We are subject to litigation and legal compliance risks which may adversely affect our financial condition, results of operations and liquidity.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MT | Arcelor Mittal NY Registry Shar | USD 60.18 | ▼ 5.18% |
| RS | Reliance, Inc. | USD 417.92 | ▼ 0.75% |
| NUE | Nucor Corporation | USD 258.06 | ▼ 2.45% |
| PKX | POSCO Holdings Inc. | USD 52.35 | ▼ 6.27% |
| GGB | Gerdau S.A. | USD 5.07 | ▼ 3.24% |
| CLF | Cleveland-Cliffs Inc. | USD 13.05 | ▼ 6.99% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:06 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt