STLD vs. SUZ: Steel Dynamics vs. Suzano Stock Comparison

November 11, 2026

How do Steel Dynamics (STLD) and Suzano (SUZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Steel Dynamics (STLD) and Suzano (SUZ) both fall under the Materials industry group, but STLD is classified in Metals & Mining while SUZ is classified in Paper & Forest Products.

Steel Dynamics (STLD) trades as ordinary local shares, while Suzano (SUZ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Steel Dynamics (STLD) and Suzano (SUZ)
Profile Item	STLD	SUZ
Name	Steel Dynamics, Inc.	Suzano S.A. - Sponsored ADR
Country/Region	United States	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Paper & Forest Products
GICS Sub-Industry	Steel	Paper Products
Market Capitalization	31.70 billion USD	11.90 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 22, 1996	November 4, 2008
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

STLD

SUZ

GSPC

Steel Dynamics (STLD) vs. Suzano (SUZ), with S&P 500 (GSPC) for reference: 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 Suzano (SUZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Steel Dynamics (STLD) and Suzano (SUZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Total Return (1Y)	52.02%	9.33%
Total Return (3Y, Annualized)	29.83%	-1.70%
Total Return (5Y, Annualized)	30.20%	4.04%

Risk Profile

Drawdown History

STLD

SUZ

GSPC

Steel Dynamics (STLD) vs. Suzano (SUZ), with S&P 500 (GSPC) for reference: 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 Suzano (SUZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Steel Dynamics (STLD) has an aggressive beta of 1.46, indicating higher sensitivity to broad-market moves, while Suzano (SUZ) is defensive at 0.56 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Volatility (1Y, Annualized)	36.62%	30.42%
Beta (5Y)	1.46	0.56
Max Drawdown (5Y)	-32.20%	-38.50%
Avg. Volume (3M)	1.06M	3.57M

Risk-Adjusted Performance

Risk-Return Positioning

STLD and SUZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Sharpe Ratio (1Y)	1.30	0.17
Sortino Ratio (1Y)	1.92	0.26

Profitability

ROE (TTM)

Steel Dynamics (STLD) at 20.81% sits in the top ROE quartile, while Suzano (SUZ) at 16.20% is closer to the peer norm — stronger capital efficiency for STLD.

STLD

Materials industry group

20.81%

Max: 52.88%
STLD: 20.81%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

SUZ

Materials industry group

16.20%

Max: 52.88%
Q3: 19.49%
SUZ: 16.20%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Steel Dynamics (STLD) at 8.82% and Suzano (SUZ) at 15.94% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

STLD

Materials industry group

8.82%

Max: 38.66%
Q3: 15.98%
STLD: 8.82%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

SUZ

Materials industry group

15.94%

Max: 38.66%
Q3: 15.98%
SUZ: 15.94%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Steel Dynamics (STLD) at 15.46% and Suzano (SUZ) at 9.76% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

STLD

Materials industry group

15.46%

Max: 66.70%
Q3: 28.92%
STLD: 15.46%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

SUZ

Materials industry group

9.76%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
SUZ: 9.76%
Q1: 3.28%
Min: -14.07%

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
ROE (TTM)	20.81%	16.20%
ROA (TTM)	9.45%	2.54%
Net Margin (TTM)	8.82%	15.94%
Operating Margin (TTM)	15.46%	9.76%
Gross Margin (TTM)	15.90%	26.68%

Growth

Revenue Growth

Both Steel Dynamics (STLD) at 3.63% and Suzano (SUZ) at 5.72% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Steel Dynamics (STLD) reports EPS growth of -18.80%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Revenue Growth (YoY)	3.63%	5.72%
Revenue Growth (3Y CAGR)	-6.53%	0.19%
EPS Growth (YoY)	-18.80%	--
EPS Growth (3Y CAGR)	-27.45%	-14.94%

Financial Strength

Current Ratio (MRQ)

Both Steel Dynamics (STLD) at 3.15 and Suzano (SUZ) at 2.54 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

STLD

Materials industry group

3.15

Max: 5.96
Q3: 3.30
STLD: 3.15
Median: 2.24
Q1: 1.45
Min: 0.16

SUZ

Materials industry group

2.54

Max: 5.96
Q3: 3.30
SUZ: 2.54
Median: 2.24
Q1: 1.45
Min: 0.16

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Steel Dynamics (STLD) at 0.45 carries an industry-typical debt-to-equity mix, while Suzano (SUZ) at 1.83 uses more debt funding than most peers.

STLD

Materials industry group

0.45

Max: 1.98
Q3: 0.89
Median: 0.47
STLD: 0.45
Q1: 0.13
Min: 0.00

SUZ

Materials industry group

1.83

Max: 1.98
SUZ: 1.83
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Current Ratio (MRQ)	3.15	2.54
Debt / Equity (MRQ)	0.45	1.83
Net Debt / EBITDA	1.09	4.28

Dividends

Dividend Yield (TTM)

Both Steel Dynamics (STLD) at 0.94% and Suzano (SUZ) at 0.05% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

STLD

Materials industry group

0.94%

Max: 4.52%
Q3: 1.85%
STLD: 0.94%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

0.05%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
SUZ: 0.05%
Q1: 0.00%
Min: 0.00%

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Steel Dynamics (STLD) at 15.44% and Suzano (SUZ) at 17.55% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

STLD

Materials industry group

15.44%

Max: 83.62%
Q3: 41.37%
STLD: 15.44%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

17.55%

Max: 83.62%
Q3: 41.37%
SUZ: 17.55%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
Dividend Yield (TTM)	0.94%	0.05%
Dividend Payout Ratio (TTM)	15.44%	17.55%

Valuation

P/E Ratio (TTM)

Suzano (SUZ) at 7.49 sits in the cheaper P/E ratio quartile, while Steel Dynamics (STLD) at 16.46 is closer to its industry’s usual earnings multiple — a discount for SUZ, though growth and earnings durability still matter.

STLD

Materials industry group

16.46

Max: 59.00
Q3: 32.93
Median: 18.82
STLD: 16.46
Q1: 11.96
Min: 3.93

SUZ

Materials industry group

7.49

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
SUZ: 7.49
Min: 3.93

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 sits in the cheaper P/S ratio quartile while Steel Dynamics (STLD) at 1.43 prices around its industry’s middle — SUZ costs less per dollar of sales, though read it alongside growth and margins.

STLD

Materials industry group

1.43

Max: 9.62
Q3: 4.34
Median: 1.87
STLD: 1.43
Q1: 0.73
Min: 0.00

SUZ

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
SUZ: 0.23
Min: 0.00

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 sits in the lower P/B ratio quartile against book while Steel Dynamics (STLD) at 3.23 is valued near its industry’s middle — SUZ is cheaper on assets, though weigh it against ROE and asset quality.

STLD

Materials industry group

3.23

Max: 6.59
Q3: 3.55
STLD: 3.23
Median: 2.08
Q1: 1.26
Min: -0.17

SUZ

Materials industry group

1.16

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
SUZ: 1.16
Min: -0.17

Steel Dynamics (STLD) vs. Suzano (SUZ): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Steel Dynamics (STLD) and Suzano (SUZ)
Metric	STLD	SUZ
P/E Ratio (TTM)	16.46	7.49
P/S Ratio (TTM)	1.43	0.23
P/B Ratio (MRQ)	3.23	1.16
Free Cash Flow Yield (TTM)	1.36%	-7.73%