NASDAQ · STLD
Steel Dynamics, Inc.
Basic Materials · Steel
$237.08▼ 1.50% ($3.61)at close
After hours$233.77▼ 1.40%7:45 PM ET
Market cap
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 78.63% over the last year. Revenue grew 19.77% over the trailing twelve months. Operating margin moved from 7.53% to 10.57%. Free cash flow grew 989.49% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (88th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 10.57% — continued expansion would be needed to justify the premium. Revenue growth of 19.77% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Performance
Return analysis
Company profile
Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
14
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 19, 2026
Q4 FY26 · EPS est $5.48 · Revenue est $6.38B
View
Dividends
$2.09/shareQuarterlyDividend Achiever · 16yrEx-div Sep 30, 2026 · in 20dSafeSTLD pays a dividend with a 0.88% declared yield, 16 consecutive years of growth, growing at 15.2% annually, covered 1.7× by free cash flow.
Declared Yield
0.88%
Annual Div / Share
$2.09
5yr CAGR
+15.2%
Doubles every ~4.9yr
Payout Ratio
18.42%
Safe
Dividend Growth Rate
3yr CAGR
+8.97%
5yr CAGR
+15.2%
10yr CAGR
+14.13%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$1/mo
In 5 yrs
$1/mo
In 10 yrs
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$9/yr $1/mo | $16/yr+76% $1/mo | $27/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.88% → 2.74% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
STLD has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 1.7× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 15.2% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.