Steel Dynamics, Inc., is a steel producer and metal recycler in the United States.
| Revenue (TTM) | $22.22B |
| Gross Profit (TTM) | $3.53B |
| EBITDA | $3.21B |
| Operating Margin | 15.50% |
| Return on Equity | 20.80% |
| Return on Assets | 9.45% |
| Revenue/Share (TTM) | $153.93 |
| Book Value | $69.09 |
| Price-to-Book | 3.21 |
| Price-to-Sales (TTM) | 1.43 |
| EV/Revenue | 1.567 |
| EV/EBITDA | 10.62 |
| Quarterly Earnings Growth (YoY) | 92.00% |
| Quarterly Revenue Growth (YoY) | 34.80% |
| Shares Outstanding | $142.22M |
| Float | $132.49M |
| % Insiders | 6.58% |
| % Institutions | 87.23% |
Volatility is currently expanding
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U.S. steelmakers are rallying while the fund built to track the global industry slips, and Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) stock is out front by a wide margin. Cleveland-Cliffs stock is at $14.
Wall Street set a high bar for Steel Dynamics' NASDAQ: STLD latest earnings report, but the company's strong growth and improving profitability could still propel its stock to fresh highs.
A multitude of often-conflicting factors make the domestic steel industry a complex environment, with some steel companies navigating it more successfully than others. Following their Q3 earnings reports, two industry leaders—Steel Dynamics Inc. NASDAQ: STLD and Cleveland-Cliffs Inc. NYSE: CLF—are showing how higher domestic prices are competing against elevated financing costs, inflation, and uneven demand.
Steel Dynamics achieved record quarterly steel shipments of 3.8 million tons. Company steel mills operated at 92% utilization in the third quarter.
Steel Dynamics NASDAQ: STLD reported third-quarter 2026 net income of $756 million, or $5.26 per diluted share, as record steel shipments and higher realized steel prices lifted results from the prior quarter. The company generated $6.5 billion in revenue, operating income of just over $1 billion and adjusted EBITDA of $1.2 billion.
Steel Dynamics' Q3 2026 earnings surge 92% as record steel shipments and higher prices fuel sales growth.
Steel Dynamics has rallied over 60% in the past year, driven by tariffs insulating it from foreign competition and boosting steel prices. Q3 results missed expectations, but absolute performance remains strong: revenue up 35% to $6.5B, EBITDA up 79% to $1.19 billion, and utilization at 92%. Steel operations benefit from tariffs, but fabrication margins lag due to the inability to fully pass on raw steel cost increases; the aluminum ramp is on track for profitability by 2027.
FORT WAYNE, Ind., Oct. 20, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company in North America, today announced it intends to release third quarter 2026 financial results after market close on Monday, October 19, 2026.
The headline numbers for Steel Dynamics (STLD) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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