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Steel Dynamics STLD
$ 235.01 3.24%
report update icon

Quarterly report 2026-Q3
added 10-23-2026

Steel Dynamics Financial Ratios 2025-2006 | STLD

Brief overview of Steel Dynamics's valuation and returns

This overview follows the five latest available observations from 2020 through 2024.

The current valuation set is P/E 13.54x (median 9.09x), EV/EBITDA 3.5x (median 7.91x), P/S 1.19x (median 1.05x). Current valuation broadly matches recent historical reference points; the difference from five-year medians is +13.3%.

The inverse P/E implies an earnings yield of 7.4%. This is not a dividend yield, but current earnings relative to market price.

Current measures of operating quality are ROE 17.2%, ROA 10.3%, ROCE 21.7%. Overall capital returns are high. The business uses resources efficiently and provides strong fundamental support for its valuation.

On PEG (0.22x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.

The time from paying for inputs to receiving cash rose from 85 days to 105.9 days. Cash turnover slowed.

Overall assessment

Steel Dynamics trades near its familiar ratio range. A new earnings or profitability trend is needed to change the view.

Annual Financial Ratios Steel Dynamics

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

 16.9 13.5 9.1 6.0 3.5 12.5 10.0 6.9 13.8 22.4 -34.1 25.2 19.5 20.3 12.6 21.4 -391.4 14.5 11.4 -

P/S

 1.1 1.2 1.2 1.0 0.6 0.7 0.6 0.7 1.2 1.1 0.6 0.5 0.5 0.5 0.4 12.5 21.6 19.9 20.0 -

EPS

 8.0 9.9 14.7 21.1 15.7 2.6 3.1 5.4 3.4 1.6 -0.5 0.7 0.9 0.8 1.3 0.7 -0.0 2.5 2.1 -

EV (Enterprise Value)

 26.8 B 26.2 B 26.9 B 27.8 B 16.4 B 10.7 B 9.66 B 11.7 B 13.9 B 11.4 B 7.37 B 8.12 B 6.73 B 6.38 B 6.71 B 6.28 B 6.32 B 6.68 B 4.49 B -29.4 M

EBITDA per Share

 13.7 15.6 21.6 29.9 22.7 5.56 4.63 7.48 4.56 3.65 1.57 2.61 1.89 1.98 2.86 2.72 1.7 5.58 4.45 -

EV/EBITDA

 13.2 10.8 7.5 5.1 3.5 9.1 7.9 5.8 11.5 11.3 16.6 10.9 12.9 11.8 8.8 10.6 18.5 6.3 5.4 -

PEG

 0.31 0.22 0.15 0.08 0.05 0.31 -0.23 0.12 0.12 0.06 0.19 -1.21 1.33 -0.49 0.13 - - - - -

P/B

 2.2 2.3 2.5 2.9 1.8 1.6 1.6 2.2 3.4 2.9 1.7 1.4 1.4 1.4 1.5 1.4 1.6 1.3 - -

P/CF

 13.8 11.3 6.3 5.2 5.2 7.2 7.1 7.3 19.5 13.1 4.8 7.8 29.5 14.9 10.9 17.7 7.2 8.7 10.8 -

ROE %

 13.24 17.20 27.64 47.51 50.98 13.14 16.47 31.98 24.25 13.05 -4.86 5.39 7.43 6.80 12.01 6.78 -0.41 28.39 25.62 -

ROA %

 7.22 10.29 16.44 27.28 25.65 6.16 8.11 16.34 11.85 5.95 -2.10 2.15 3.19 2.81 4.65 2.52 -0.16 8.82 - -

ROCE %

 10.30 15.21 25.00 41.87 41.81 10.58 13.58 25.77 17.82 15.07 6.28 8.98 7.80 7.67 11.99 7.33 2.64 51.85 44.85 -

Current Ratio

 2.2 2.5 2.5 2.3 2.0 1.9 4.2 4.0 4.0 4.1 4.7 3.5 2.5 3.8 2.2 1.6 1.6 - - -

DSO

 31.1 31.5 35.6 32.6 28.6 34.5 29.4 32.2 33.2 34.3 29.5 37.6 35.7 32.2 33.8 745.4 1043.9 245.1 - -

DIO

 79.2 74.4 74.5 75.3 75.2 78.9 69.0 71.4 69.7 72.2 61.1 75.8 72.1 66.8 62.0 - - - - -

DPO

 - - 12.5 25.7 28.4 28.4 21.0 21.2 22.5 22.4 15.1 23.9 22.8 20.0 21.4 - - - - -

Operating Cycle

 110.3 105.9 110.1 107.9 103.8 113.4 98.5 103.7 102.9 106.5 90.6 113.5 107.8 99.0 95.7 - - - - -

Cash Conversion Cycle

 110.3 105.9 97.7 82.2 75.5 85.0 77.5 82.5 80.5 84.1 75.6 89.5 85.0 79.0 74.3 - - - - -

All numbers in USD currency

Quarterly Financial Ratios Steel Dynamics

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2009-Q4 2009-Q3 2009-Q2

EPS

 5.29 3.71 2.79 1.8299999999999992 2.75 2.01 1.45 1.3900000000000006 2.06 2.73 3.68 2.6800000000000015 3.49 4.83 3.71 3.7300000000000004 5.07 6.49 5.74 5.449999999999999 4.89 3.35 2.04 0.89 0.48 0.36 0.88 0.56 0.69 0.88 0.91 1.18 1.7 1.54 0.96 1.28 0.64 0.64 0.83 0.08 0.65 0.58 0.26 -1.04 0.25 0.13 0.13 -0.19 0.38 0.32 0.17 0.25 0.26 0.13 0.22 0.28 0.06 0.2 0.21 0.14 0.2 0.45 0.49 0.04 0.09 0.23 0.13999999999999999 0.32 -0.08

EBITDA per Share

 7.09 4.92 3.77 -437 3.5 2.63 1.88 -221 2.62 3.61 4.78 -309 4.49 6.4 4.91 -264 6.8 8.72 7.82 -555 6.57 4.59 2.85 -1.47 K 0.77 0.79 1.32 -127 1.08 1.32 1.33 -239 2.3 2.16 1.4 -206 1.16 1.13 1.41 1.71 K 1.19 1.08 0.57 -2.07 0.57 0.35 0.44 -27.1 0.81 0.61 0.39 256 0.55 0.35 0.47 1.67 0.37 0.51 0.59 1.12 0.54 0.91 0.99 - 0.58 0.79 18.1 0.74 0.11

ROE %

 21.15 17.88 15.52 13.54 12.87 11.87 13.22 17.29 19.82 22.90 27.68 28.95 32.08 37.21 44.04 52.54 62.37 68.82 66.90 59.96 46.59 30.85 18.27 13.59 12.20 13.60 16.68 17.25 21.30 27.71 32.84 34.40 36.79 31.70 26.86 26.95 18.14 18.51 18.52 13.98 3.31 -0.12 -4.25 -5.58 2.76 3.75 5.17 5.61 9.41 8.58 7.21 7.66 8.01 6.25 6.94 6.91 5.67 7.01 9.47 12.40 11.46 10.48 8.50 7.09 5.86 2.36 - 3.46 -0.86

ROA %

 11.39 9.68 8.48 7.43 7.20 6.70 7.62 10.15 11.60 13.44 16.18 16.77 18.41 21.06 24.30 28.27 32.49 34.57 32.32 28.11 21.44 14.01 8.33 6.33 5.77 6.51 8.09 8.44 10.48 13.69 16.04 16.71 17.65 14.74 12.22 11.95 7.82 7.93 7.77 5.75 1.36 -0.07 -1.75 -2.28 1.18 1.50 2.25 2.44 3.99 3.77 3.06 3.22 3.33 2.58 2.82 2.76 2.23 2.73 3.66 4.72 4.35 3.96 3.18 2.71 2.23 0.89 - 1.35 -0.34

ROCE %

 17.34 14.36 12.40 10.71 10.40 9.83 11.58 15.52 17.82 20.44 24.30 25.16 27.34 32.01 37.85 44.93 52.74 56.57 53.34 46.58 35.71 23.63 14.80 11.46 10.72 11.94 13.93 14.45 17.46 22.11 25.84 26.88 24.66 21.33 18.01 18.48 16.15 16.56 16.65 13.22 5.34 2.41 -0.99 -1.75 3.83 4.60 5.87 5.88 9.42 8.82 7.69 7.92 7.53 6.62 7.30 7.87 7.72 8.37 9.87 11.45 10.68 11.90 13.87 11.56 18.09 15.12 1.73 7.47 0.33

Current Ratio

 2.2 2.2 2.2 2.2 2.3 2.3 2.2 2.5 2.4 2.5 2.5 2.5 2.5 2.5 2.4 2.3 2.3 2.2 2.1 2.0 1.9 1.9 1.9 1.9 1.9 2.0 2.0 2.0 2.0 2.1 2.0 2.0 2.0 2.0 2.0 1.9 1.8 1.8 1.8 1.8 1.9 1.9 1.8 1.8 1.8 1.8 1.8 1.7 1.7 2.0 1.8 1.8 1.8 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.6 1.6 1.6 1.6 - - 1.6 - -

DSO

 34.3 33.7 32.8 35.6 32.7 34.2 32.8 35.1 35.1 34.6 32.5 37.6 40.0 37.9 1249.4 1128.4 1034.5 892.5 1203.5 26372.0 23121.1 11359.1 15237.9 33.0 22215.8 62497.6 23565.7 35.4 26261.6 24291.9 33747.0 35.6 41232.1 14697.3 12721.0 34.1 1818.7 1815.3 1469.9 1620.0 1692.6 1434.5 1299.8 1733.0 1409.5 1170.0 1680.8 1296.3 1367.2 896.1 1012.6 797.7 901.6 989.0 883.7 999.5 872.9 800.4 840.2 1065.2 1061.4 983.3 867.4 - 841.1 708.3 649.0 834.2 -

DIO

 71.6 69.9 78.5 81.4 72.4 73.5 73.0 81.9 74.7 72.2 72.8 76.0 75.1 72.9 72.8 77.3 76.5 75.5 84.9 82.6 70.3 65.7 67.5 73.0 71.1 81.0 70.4 77.5 75.2 71.3 71.3 71.1 65.5 63.4 66.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

 - - - - - - - - - - - - - 13.6 25.4 25.7 27.4 27.1 29.7 31.8 31.1 31.9 31.1 30.9 31.3 32.8 23.5 23.1 21.8 21.3 21.4 21.7 22.5 22.5 21.7 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

 105.9 103.6 111.3 117.0 105.1 107.7 105.8 117.0 109.8 106.8 105.3 113.6 115.2 110.8 1322.2 1205.8 1111.0 968.0 1288.4 26454.6 23191.5 11424.8 15305.4 106.0 22286.9 62578.6 23636.1 113.0 26336.7 24363.2 33818.3 106.7 41297.6 14760.7 12787.5 34.1 1818.7 1815.3 1469.9 1620.0 1692.6 1434.5 1299.8 1733.0 1409.5 1170.0 1680.8 1296.3 1367.2 896.1 1012.6 797.7 901.6 989.0 883.7 999.5 872.9 800.4 840.2 1065.2 1061.4 983.3 867.4 - - - 649.0 834.2 -

Cash Conversion Cycle

 105.9 103.6 111.3 117.0 105.1 107.7 105.8 117.0 109.8 106.8 105.3 113.6 115.2 97.2 1296.8 1180.1 1083.6 941.0 1258.6 26422.8 23160.4 11392.9 15274.3 75.1 22255.6 62545.8 23612.6 89.9 26315.0 24341.9 33796.9 85.0 41275.0 14738.2 12765.8 34.1 1818.7 1815.3 1469.9 1620.0 1692.6 1434.5 1299.8 1733.0 1409.5 1170.0 1680.8 1296.3 1367.2 896.1 1012.6 797.7 901.6 989.0 883.7 999.5 872.9 800.4 840.2 1065.2 1061.4 983.3 867.4 - - - 649.0 834.2 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Steel Dynamics, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Steel industry

Issuer Price % 24h Market Cap Country
Nucor Corporation Nucor Corporation
NUE
 		$ 256.38 2.86 % $ 59.1 B usaUSA
Universal Stainless & Alloy Products Universal Stainless & Alloy Products
USAP
 		- - $ 409 M usaUSA
Ternium S.A. Ternium S.A.
TX
 		$ 51.1 -0.27 % $ 100 B luxembourgLuxembourg
Worthington Industries Worthington Industries
WOR
 		$ 60.5 -3.46 % $ 2.97 B usaUSA
POSCO POSCO
PKX
 		$ 49.5 0.06 % $ 3.75 B south-koreaSouth-korea
Grupo Simec, S.A.B. de C.V. Grupo Simec, S.A.B. de C.V.
SIM
 		$ 24.36 -6.32 % $ 11.2 B mexicoMexico
Schnitzer Steel Industries Schnitzer Steel Industries
SCHN
 		- -0.57 % $ 932 M usaUSA
United States Steel Corporation United States Steel Corporation
X
 		- - $ 12.4 B usaUSA
Olympic Steel Olympic Steel
ZEUS
 		- - $ 559 M usaUSA
ZK International Group Co., Ltd. ZK International Group Co., Ltd.
ZKIN
 		$ 1.5 -1.32 % $ 8.52 M chinaChina
ArcelorMittal ArcelorMittal
MT
 		$ 65.64 2.21 % $ 50.1 B luxembourgLuxembourg
Friedman Industries, Incorporated Friedman Industries, Incorporated
FRD
 		$ 39.18 4.29 % $ 282 M usaUSA
Cleveland-Cliffs Cleveland-Cliffs
CLF
 		$ 12.86 4.85 % $ 6.53 B usaUSA
Gerdau S.A. Gerdau S.A.
GGB
 		$ 4.63 1.09 % $ 8.68 B brasilBrasil
Reliance Steel & Aluminum Co. Reliance Steel & Aluminum Co.
RS
 		$ 427.19 1.45 % $ 22.5 B usaUSA
Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional
SID
 		$ 0.82 -0.12 % $ 43.7 M brasilBrasil
Ossen Innovation Co., Ltd. Ossen Innovation Co., Ltd.
OSN
 		- - $ 33.3 M chinaChina
Commercial Metals Company Commercial Metals Company
CMC
 		$ 64.25 -0.19 % $ 7.26 B usaUSA
Synalloy Corporation Synalloy Corporation
SYNL
 		- 1.1 % $ 142 M usaUSA
TimkenSteel Corporation TimkenSteel Corporation
TMST
 		- 1.14 % $ 935 M usaUSA
Mechel PAO Mechel PAO
MTL
 		- - - russiaRussia