profit from every $100 of sales.
$0$100
Steel Dynamics
$237.11-0.79% today
+50.2% in 1 year
1-year low $153.111-year high $282.76
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $28.44 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Steel Dynamics sold, what it kept, and what it did with the cash.
Sales went from $22.3 billion in 2022 to $18.2 billion in 2025, with $1.19 billion of profit last year.
SalesProfit
Steel Dynamics handed back more cash to shareholders than it generated last year.
Buybacks $901M$291M
Free cash flow 2025$502M
Bought back its own shares$901M
Paid as dividends$291M
Cash vs. debt$770M vs. $4.2B
Steel Dynamics vs. similar companies
Steel Dynamics grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Steel Dynamics | 28.4× · Fair price | ||
 Nucor | 33.6× · Expensive | ||
 ArcelorMittal | 15.3× · Fair price | ||
 JSW Steel | 14.8× · Cheap | ||
 Tata Steel | 21.7× · Fair price |
Compare Steel Dynamics with Carpenter Technology · Nucor
AI analysis
An AI analyst reads Steel Dynamics's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 9,601 | 18,409 | 22,261 | 18,795 | 17,540 | 18,177 | |
| 1,435 | 5,362 | 6,118 | 4,046 | 2,803 | 2,392 | |
| – | – | 5,544 | 3,423 | 2,108 | 1,599 | |
| 1,126 | 4,614 | 5,497 | 3,733 | 2,518 | 2,114 | |
| 551 | 3,214 | 3,863 | 2,451 | 1,537 | 1,186 | |
| 2.59 | 15.56 | 20.92 | 14.64 | 9.84 | 7.99 | |
| 14.9% | 29.1% | 27.5% | 21.5% | 16.0% | 13.2% | |
| – | – | 24.9% | 18.2% | 12.0% | 8.8% | |
| 5.7% | 17.5% | 17.4% | 13.0% | 8.8% | 6.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 9,266 | 12,531 | 14,160 | 14,908 | 14,935 | 16,420 |
| Cash | 1,369 | 1,244 | 1,628 | 1,401 | 589 | 770 |
| Total debt | 3,103 | 3,106 | 3,071 | 3,071 | 3,231 | 4,211 |
| Total liabilities | 4,917 | 6,211 | 6,064 | 6,069 | 5,990 | 7,489 |
| 4,345 | 6,305 | 8,130 | 8,867 | 8,934 | 8,957 | |
| 212 | 207 | 185 | 167 | 156 | 148 | |
| 8.5% | 35.8% | 36.1% | 21.8% | 13.2% | 9.4% | |
| 12.7% | 51.0% | 47.5% | 27.6% | 17.2% | 13.2% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 987 | 2,204 | 4,460 | 3,520 | 1,845 | 1,450 | |
| 1,198 | 1,006 | 909 | 1,658 | 1,868 | 948 | |
| -211 | 1,198 | 3,552 | 1,862 | -24 | 502 | |
| Dividends paid | 209 | 213 | 237 | 271 | 283 | 291 |
| 107 | 1,061 | 1,801 | 1,452 | 1,212 | 901 | |
| 56 | 58 | 59 | 62 | 67 | 69 |
Valuation
- 28.4×
- 15.8×
- 1.13
- 4.1×
- 1.9×
- 67.2×
- 17.6×
- 1.5%
- 3.5%
- 0.8%
Profitability
- 13.2%
- 8.8%
- 6.5%
- 12.8%
- 9.0%
- 22.1%
- 15.3%
- 8.2%
- 12.3%
- –
Growth
- +13.6%
- +25.3%
- +2,233.8%
- +14.9%
- −7.9%
Financial health
- 1.5×
- 0.46
- 25.1%
- 19.6×
- 3.13
- 1.33
- 1.14
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 36%of 989
Bottom 43%of 954
Bottom 35%of 773
Top 24%of 933
Bottom 44%of 988
What analysts expect
- Average price target
- $194.25
- Range
- $190.00 – $207.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 2.78 | 2.84 | −2.1% |
| Jan 26, 2026 | 1.82 | 1.70 | +7.1% |
| Oct 20, 2025 | 2.74 | 2.63 | +4.2% |
| Jul 21, 2025 | 2.01 | 2.24 | −10.3% |
| Apr 22, 2025 | 1.44 | 1.38 | +4.3% |
| Jan 22, 2025 | 1.36 | 1.69 | −19.5% |
| Oct 16, 2024 | 2.05 | 1.97 | +4.1% |
| Jul 17, 2024 | 2.72 | 2.67 | +1.9% |
0.8%of the share price, paid each year
On $1,000 invested$8a year at today's yield, before tax
+14.9%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.55 in 2015 → $2.00 in 2025
How safe it looks
24.6% of its profit
Room to growStretchedMore than it earns: 58.1%
News
Jim Cramer Says Interim Nvidia CEO Colette Kress Leads With ‘Steel Fist’ After Jensen Huang Exit: ‘Absolutely The One You Need Right Now’Yahoo Finance · Nov 13, 2026Nippon Steel Corporation reports 1H resultsSeeking Alpha · Nov 5, 2026Simpson outlines 2026 operating margin of 20.0% to 20.5% as it readies additional steel-driven pricing actionsSeeking Alpha · Oct 27, 2026U.S. steel prices surge to four-year highs as overseas supplies decline sharplySeeking Alpha · Oct 16, 2026Algoma expects 65% drop in Q3 steel shipments after turbine outageSeeking Alpha · Oct 1, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
55No pass
Philip Fisher
61Pass
Peter Lynch
75Pass
Joel Greenblatt
20No pass
Charlie Munger
48No pass
Terry Smith
41No pass
Questions about Steel Dynamics
Is Steel Dynamics a good stock to buy?
A business with weak numbers at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Steel Dynamics AI analysis
What does Steel Dynamics do?
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. It is in Steel, based in Fort Wayne, IN, United States, with 14,400 employees.
Does Steel Dynamics pay a dividend?
Yes. At today's price the dividend is 0.8% a year, about 25% of its yearly profit. In 2025 it paid out $291 million in dividends.
Is Steel Dynamics stock halal?
Yes. Steel Dynamics passes our halal screen: its business is permitted and its debt is 12% of its market value, under the 30% limit. How we check
How has Steel Dynamics stock done over the past year?
Up 50.2% over the past twelve months, to $237.11. It traded between $153.11 and $282.76 and is 16.1% below its high.
Who are Steel Dynamics's competitors?
The largest listed companies in the same industry are Nucor, ArcelorMittal, JSW Steel and Tata Steel. The peers table on this page compares their profit, growth and price with Steel Dynamics's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.