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Steel Dynamics (STLD) Stock Analysis

This is a peer-relative look at Steel Dynamics (STLD): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Steel Dynamics (STLD)
Profile ItemSTLD
NameSteel Dynamics, Inc.
Country/RegionUnited States
GICS SectorMaterials
GICS Industry GroupMaterials
GICS IndustryMetals & Mining
GICS Sub-IndustrySteel
Market Capitalization31.70 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateNovember 22, 1996
Security TypeCommon Stock

Price Performance

Cumulative Growth

STLD
GSPC
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Steel Dynamics (STLD) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Steel Dynamics (STLD) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Steel Dynamics (STLD) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Total Return (1Y)52.02%19.59%
Total Return (3Y, Annualized)29.83%18.91%
Total Return (5Y, Annualized)30.20%5.70%

Risk Profile

Drawdown History

STLD
GSPC
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Steel Dynamics (STLD) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Steel Dynamics (STLD) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Volatility (1Y, Annualized)36.62%52.82%
Beta (5Y)1.460.97
Max Drawdown (5Y)-32.20%-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. STLD is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Sharpe Ratio (1Y)1.300.32
Sortino Ratio (1Y)1.920.47

Profitability

ROE (TTM)

Steel Dynamics (STLD) posts ROE of 20.81%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

STLD

Materials industry group

20.81%

Group distribution
Max
52.88%
STLD
20.81%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%
Largest peers
SCCO
52.88%
NEM
27.26%
BHP
24.00%
AEM
23.24%
STLD
20.81%
RIO
19.31%
LIN
17.72%
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Where Steel Dynamics (STLD) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Steel Dynamics (STLD) keeps 8.82% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

STLD

Materials industry group

8.82%

Group distribution
Max
38.66%
Q3
15.98%
STLD
8.82%
Median
5.28%
Q1
0.00%
Min
-20.40%
Largest peers
AEM
41.01%
SCCO
37.16%
NEM
34.73%
RIO
19.59%
LIN
19.34%
BHP
16.73%
STLD
8.82%
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Where Steel Dynamics (STLD) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Steel Dynamics (STLD) turns 15.46% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

STLD

Materials industry group

15.46%

Group distribution
Max
66.70%
Q3
28.92%
STLD
15.46%
Median
12.56%
Q1
3.28%
Min
-14.07%
Largest peers
SCCO
59.94%
AEM
55.49%
NEM
49.99%
BHP
43.34%
RIO
28.05%
LIN
27.97%
STLD
15.46%
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Where Steel Dynamics (STLD) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
ROE (TTM)20.81%8.76%
ROA (TTM)9.45%4.42%
Net Margin (TTM)8.82%5.28%
Operating Margin (TTM)15.46%12.56%
Gross Margin (TTM)15.90%27.57%

Growth

Revenue Growth

Steel Dynamics (STLD) grew revenue 3.63%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Steel Dynamics (STLD): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Steel Dynamics (STLD) grew earnings per share -18.80%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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Steel Dynamics (STLD): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Revenue Growth (YoY)3.63%8.36%
Revenue Growth (3Y CAGR)-6.53%0.59%
EPS Growth (YoY)-18.80%-1.73%
EPS Growth (3Y CAGR)-27.45%2.12%

Financial Strength

Current Ratio (MRQ)

Steel Dynamics (STLD) has current ratio of 3.15, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

STLD

Materials industry group

3.15

Group distribution
Max
5.96
Q3
3.30
STLD
3.15
Median
2.24
Q1
1.45
Min
0.16
Largest peers
SCCO
4.31
STLD
3.15
AEM
2.75
NEM
2.45
BHP
1.89
RIO
1.42
LIN
0.86
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Where Steel Dynamics (STLD) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Steel Dynamics (STLD) has debt-to-equity ratio of 0.45, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

STLD

Materials industry group

0.45

Group distribution
Max
1.98
Q3
0.89
Median
0.47
STLD
0.45
Q1
0.13
Min
0.00
Largest peers
LIN
0.65
SCCO
0.63
BHP
0.50
STLD
0.45
RIO
0.32
NEM
0.16
AEM
0.01
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Where Steel Dynamics (STLD) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Current Ratio (MRQ)3.152.24
Debt / Equity (MRQ)0.450.47
Net Debt / EBITDA1.091.37

Dividends

Dividend Yield (TTM)

Steel Dynamics (STLD) has dividend yield of 0.94%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

STLD

Materials industry group

0.94%

Group distribution
Max
4.52%
Q3
1.85%
STLD
0.94%
Median
0.38%
Q1
0.00%
Min
0.00%
Largest peers
RIO
5.59%
SCCO
2.30%
BHP
2.19%
LIN
1.21%
STLD
0.94%
AEM
0.93%
NEM
0.87%
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Where Steel Dynamics (STLD) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Steel Dynamics (STLD) has payout ratio of 15.44%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

STLD

Materials industry group

15.44%

Group distribution
Max
83.62%
Q3
41.37%
STLD
15.44%
Median
9.54%
Q1
0.00%
Min
0.00%
Largest peers
BHP
68.84%
RIO
54.46%
SCCO
52.43%
LIN
41.83%
STLD
15.44%
AEM
14.26%
NEM
11.95%
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Where Steel Dynamics (STLD) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
Dividend Yield (TTM)0.94%0.38%
Dividend Payout Ratio (TTM)15.44%9.54%

Valuation

P/E Ratio (TTM)

Steel Dynamics (STLD) trades at P/E ratio of 16.46, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

STLD

Materials industry group

16.46

Group distribution
Max
59.00
Q3
32.93
Median
18.82
STLD
16.46
Q1
11.96
Min
3.93
Largest peers
LIN
34.21
SCCO
22.27
BHP
20.70
STLD
16.46
AEM
15.61
NEM
14.03
RIO
11.35
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Where Steel Dynamics (STLD) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Steel Dynamics (STLD) trades at 1.43 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

STLD

Materials industry group

1.43

Group distribution
Max
9.62
Q3
4.34
Median
1.87
STLD
1.43
Q1
0.73
Min
0.00
Largest peers
SCCO
8.34
LIN
6.53
AEM
6.44
NEM
4.72
BHP
3.46
RIO
2.20
STLD
1.43
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Where Steel Dynamics (STLD) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Steel Dynamics (STLD) trades at 3.23 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

STLD

Materials industry group

3.23

Group distribution
Max
6.59
Q3
3.55
STLD
3.23
Median
2.08
Q1
1.26
Min
-0.17
Largest peers
SCCO
10.89
LIN
6.00
BHP
3.98
NEM
3.53
AEM
3.27
STLD
3.23
RIO
2.08
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Where Steel Dynamics (STLD) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Steel Dynamics (STLD) metric values compared with Materials industry-group medians
MetricCurrent stock: STLDIndustry group median
P/E Ratio (TTM)16.4618.82
P/S Ratio (TTM)1.431.87
P/B Ratio (MRQ)3.232.08
Free Cash Flow Yield (TTM)1.36%3.08%