Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Steel Dynamics Inc

STLD · Nasdaq · Materials

Fundamental quality

DEMANDING

42

out of 100

Breakdown by area

I.GrowthEPS growth: -22% · Revenue growth: -4.7%
8
II.ProfitabilityNet margin: 7.2% · ROE: 15%
53
III.Financial healthNet debt/EBITDA: 1.57x · FCF: 3.5%
65

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • No clearly standout strengths by the system's thresholds.

Risks and weaknesses

  • Declining revenue (-4.7% annualized).
  • Declining earnings per share (-22% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$18,409M$3,214M$1,198M$1,862M
2022$22,261M$3,863M$3,552M$1,442M
2023$18,795M$2,451M$1,862M$1,670M
2024$17,540M$1,537M-$24M$2,642M
2025$18,177M$1,186M$502M$3,441M

Between 2021 and 2025, revenue went from $18,409M to $18,177M (-1%) and net income went from $3,214M to $1,186M (-63%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Steel Dynamics Inc a profitable company?

Steel Dynamics Inc is profitable, with a net margin of 7.2%, though a thin one.

Does Steel Dynamics Inc have a lot of debt?

A moderate level: its net debt is 1.57 times its EBITDA.

Is Steel Dynamics Inc growing?

Its revenue has fallen 4.7% annualized in recent years.

Does Steel Dynamics Inc generate cash?

Yes. It converts about 3.5% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Steel Dynamics Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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