STLD · NMS
S&P 500
Steel Dynamics, Inc.
Basic materials · Steel
$236.12
+$8.56 (+3.76%) Nov 10, 2026
Session of Nov 10, 2026 · updated · Source: Yahoo Finance
Consensus of 14 analysts
Buy
Median price target $273.50 +15.8%
- Open
- $230.24
- Day range
- 226.50 – $238.39
- 52-week range
- 151.21 – $288.74
- Volume
- 780,492
- Market cap
- $33,580M
- P/E (TTM)
- 17.4x
- EPS (TTM)
- $13.54
- EPS est. 2026
- $17.50
- P/E est. 2026
- 13.5x
- Dividend yield
- 0.9%
- Beta
- 1.44
- Payout
- 15%
The analysis of this company is being prepared and will appear in the next update.
Steel Dynamics financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | $6,509M | +34.8% |
| Net income | $756M | +87.3% |
| Earnings per share | $5.26 | +92.0% |
| Net margin | 11.6% | +3.3 pp |
| Free cash flow | $696M | +25.0% |
| Debt / equity | 0.43 | +1.6% |
Revenue and net income ($M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | $4,828M | $404M |
| Q4 2025 | $4,414M | $266M |
| Q1 2026 | $5,205M | $403M |
| Q2 2026 | $6,092M | $534M |
| Q3 2026 | $6,509M | $756M |
Steel Dynamics earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 11 | $5.8684.75 – 7.11 | +222.4%$1.820 |
| Next quarterQ1 2027 · Analysts: 7 | $5.5914.91 – 6.31 | +101.1%$2.780 |
| Current year2026 · Analysts: 11 | $17.49616.47 – 18.59 | +119.0%$7.990 |
| Next year2027 · Analysts: 14 | $21.40114.67 – 25.74 | +22.3%$17.496 |
Forward P/E: 13.5x (2026) and 11.0x (2027) at the current price.
Actual and estimated EPS ($)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | $2.740 | — |
| Q4 2025 | $1.820 | $1.686 |
| Q1 2026 | $2.780 | $2.785 |
| Q2 2026 | $3.690 | $3.670 |
| Q3 2026 | $5.260 | $5.406 |
| Q4 2026 | — | $5.868 |
| Q1 2027 | — | $5.591 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | $20.920 | — |
| 2023 | $14.640 | — |
| 2024 | $9.840 | — |
| 2025 | $7.990 | — |
| 2026 | — | $17.496 |
| 2027 | — | $21.401 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | $5.591 | +101.1% |
| Q4 2026Estimated | $5.868 | +222.4% |
| Q3 2026 | $5.260est. $5.406 · surprise −2.7% | +92.0% |
| Q2 2026 | $3.690est. $3.670 · surprise +0.6% | n/a |
| Q1 2026 | $2.780est. $2.785 · surprise −0.2% | n/a |
| Q4 2025 | $1.820est. $1.686 · surprise +7.9% | n/a |
| Q3 2025 | $2.740 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | $21.401 | +22.3% |
| 2026Estimated | $17.496 | +119.0% |
| 2025 | $7.990 | −18.8% |
| 2024 | $9.840 | −32.8% |
| 2023 | $14.640 | −30.0% |
| 2022 | $20.920 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Steel Dynamics dividend
Yield and payments
| Dividend yield (TTM) | 0.9% |
| Forward yield (next 12m) | 0.9% |
| Dividend per share (TTM) | $2.09 |
| Forward dividend (next 12m) | $2.12 |
| Payout (TTM) | 15% |
| Last dividend | $0.53Sep 30, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year ($)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | $0.96 |
| 2020 | $1.00 |
| 2021 | $1.04 |
| 2022 | $1.36 |
| 2023 | $1.70 |
| 2024 | $1.84 |
| 2025 | $2.00 |
| est. 12m | $2.12 |
Steel Dynamics forecasts
14 analyst ratings
Consensus: Buy · 9 buy, 4 hold, 1 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | $310.00 | +31.3% |
| Median | $273.50 | +15.8% |
| Low | $205.45 | −13.0% |
| Date | Close |
|---|---|
| Nov 28, 2025 | $167.83 |
| Dec 31, 2025 | $169.45 |
| Jan 30, 2026 | $179.57 |
| Feb 27, 2026 | $193.13 |
| Mar 31, 2026 | $180.00 |
| Apr 30, 2026 | $228.66 |
| May 29, 2026 | $260.15 |
| Jun 30, 2026 | $229.46 |
| Jul 31, 2026 | $251.26 |
| Aug 31, 2026 | $232.62 |
| Sep 30, 2026 | $221.61 |
| Oct 30, 2026 | $250.80 |
| Nov 10, 2026 | $236.12 |
Steel Dynamics peers
| Ticker | Company | Market cap ($M) | P/E | Price ($) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| STLD | Steel Dynamics | 33,580 | 17.4x | 236.12 | +3.76% | 151.21288.74 |
| NUE | Nucor | 58,187 | 16.3x | 256.47 | +2.90% | 141.33287.70 |
| MT.AS | ArcelorMittal | 44,815 | 50.5x | 59.60 € | +1.85% | 33.2668.56 |
| MTS.MC | ArcelorMittal | 44,800 | 51.8x | 59.58 € | +1.85% | 33.2168.52 |
| ACX.MC | Acerinox | 3,977 | 30.1x | 15.96 € | +0.95% | 11.1518.58 |
| LIN | Linde | 239,541 | 34.6x | 521.78 | +0.28% | 387.78548.20 |
Stocks quoted in another currency are shown in their trading currency.
What the AI agents think about Steel Dynamics
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