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Steel Dynamics USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Steel

Geography: United States

COMM_STLD

Price chart

282.76 USDDay 1.15%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
282.76 USD · 1.15%
Market cap
41.8 bn USD

Growth

Δ revenue y/y
19.1%
Δ EBITDA y/y
70.5%

Multiples

P/E (LTM)
30.5x
3y avg: 13.1x
P/B (FY)
4.7x
P/E (ann.)
25.9x
EV/EBITDA (LTM)
19.6x
3y avg: 9.2x
EV/EBITDA (ann.)
16.3x

Cash return

Dividend yield
0.7%
FCF yield (LTM)
1.0%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)
-85.2%
↓ details

Liquidity

Daily turnover (listing)
222.6 mln USD

Shares: yahoo_fundamentals_timeseries/STLD

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 13 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1⚠Warn 1
2023-06-30 Q2⚠Warn 1
2023-09-30 Q3⚠Warn 1
2023-12-31 FY⚠Warn 1
2024-03-31 Q1⚠Warn 1
2024-06-30 Q2⚠Warn 1
2024-09-30 Q3⚠Warn 2
2024-12-31 FY⚠Warn 1
2025-03-31 Q1⚠Warn 1
2025-06-30 Q2⚠Warn 2
2025-09-30 Q3⚠Warn 2
2025-12-31 FY⚠Warn 1
2026-03-31 Q1⚠Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK5.2
y/y 19.1%
0.5
y/y 95.5%
0.2
y/y 19.1%
0.7
y/y 70.5%
0.4
y/y 85.8%
0.1-0.116.7
y/y 5.0%
9.2
y/y 3.9%
17.8%3.6Link
2025-12-31Q4 2025 (3M)OK4.4
y/y 14.0%
0.3
y/y 30.6%
0.1
y/y 16.5%
0.5
y/y 25.7%
0.3
y/y 28.3%
0.3-0.216.4
y/y 9.9%
9.0
y/y 0.3%
13.2%3.5Link
2025-09-30Q3 2025 (3M)OK4.8
y/y 11.2%
0.5
y/y 28.4%
0.1
y/y 14.4%
0.6
y/y 25.1%
0.4
y/y 27.0%
0.7-0.216.0
y/y 1.9%
9.0
y/y -1.0%
6.0%3.0Link
2025-06-30Q2 2025 (3M)OK4.6
y/y -1.5%
0.4
y/y -31.5%
0.1
y/y 13.5%
0.5
y/y -23.7%
0.3
y/y -30.2%
0.3-0.315.5
y/y 3.2%
8.9
y/y -2.9%
13.5%3.3Link
2025-03-31Q1 2025 (3M)OK4.4
y/y -6.9%
0.3
y/y -63.4%
0.1
y/y 16.1%
0.4
y/y -52.8%
0.2
y/y -62.8%
0.2-0.315.9
y/y 6.0%
8.8
y/y -2.7%
9.8%3.0Link
2024-12-31Q4 2024 (3M)OK3.9
y/y -8.5%
0.2
y/y -54.2%
0.1
y/y 12.4%
0.4
y/y -42.4%
0.2
y/y -51.1%
0.3-0.514.9
y/y 0.2%
8.9
y/y 0.8%
17.1%2.5Link
2024-09-30Q3 2024 (3M)OK4.3
y/y -5.4%
0.4
y/y -46.1%
0.1
y/y 12.7%
0.5
y/y -38.6%
0.3
y/y -44.9%
0.8-0.615.7
y/y 4.9%
9.1
y/y 2.1%
4.7%2.0Link
2024-06-30Q2 2024 (3M)OK4.6
y/y -8.8%
0.6
y/y -47.4%
0.1
y/y 5.5%
0.7
y/y -42.4%
0.4
y/y -47.3%
0.4-0.415.1
y/y 3.5%
9.1
y/y 4.9%
18.8%1.8Link
2024-03-31Q1 2024 (3M)OK4.7
y/y -4.1%
0.8
y/y -10.1%
0.1
y/y 7.0%
0.9
y/y -8.1%
0.6
y/y -8.4%
0.4-0.415.0
y/y 5.7%
9.1
y/y 8.8%
26.0%1.3Link
2023-12-31Q4 2023 (3M)OK4.2
y/y —
0.5
y/y —
0.1
y/y —
0.6
y/y —
0.4
y/y —
0.9-0.514.9
y/y —
8.9
y/y —
27.6%1.0Link
2023-09-30Q3 2023 (3M)OK4.6
y/y —
0.7
y/y —
0.1
y/y —
0.8
y/y —
0.6
y/y —
1.1-0.614.9
y/y —
8.9
y/y —
8.7%0.8Link
2023-06-30Q2 2023 (3M)OK5.1
y/y —
1.1
y/y —
0.1
y/y —
1.2
y/y —
0.8
y/y —
0.8-0.414.6
y/y —
8.7
y/y —
38.1%1.0Link
2023-03-31Q1 2023 (3M)OK4.9
y/y —
0.8
y/y —
0.1
y/y —
0.9
y/y —
0.6
y/y —
0.7-0.214.2
y/y —
8.3
y/y —
—0.7Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%-50%0%50%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-20002004006002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

01 0002 0003 0004 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — HRC (China)

Current 3 380spot vs LTM +2%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -85.2%

Main driver: HRC (China) +2% vs LTM; revenue ×1.01 vs costs ×1.07; EBITDA 2 316→1 450; at 6.5× EV/EBITDA → -85%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
HRC (China) (rev)+85%3 380.003 327.833 655.96+2%+10%
Iron and Steel Scrap (cost)-50%595.13543.96569.90+9%+5%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue19 012
LTM EBITDA2 316
LTM cash costs (revenue − EBITDA)16 696
2 · Revenue projection
Revenue multiplier — spot×1.013 (+1%)
= Spot revenue19 266
Revenue multiplier — 3y price×1.084 (+8%)
= 3-year-price revenue20 606
3 · Costs projection
Cost multiplier — spot×1.067 (+7%)
= Spot cash costs17 816
Cost multiplier — 3y price×1.044 (+4%)
= 3-year-price cash costs17 429
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1 450
= 3-year-price EBITDA3 178
Conservative EBITDA = min(spot, avg)1 450
5 · Valuation → target market cap
Historical EV/projected-EBITDA (3-yr average)6.5x
Target EV = EV/EBITDA × conservative EBITDA9 495
Net debt3 644
Target market cap = EV − net debt5 850
Current market cap39 662

Upside = target market cap ÷ current − 1 = -85.2%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q25 0825 113-0.6%1 175821+43.2%
2023 Q34 5874 993-8.1%8411 067-21.2%
2023 Q44 2334 742-10.7%630872-27.7%
2024 Q14 6944 646+1.0%866699+23.9%
2024 Q24 6334 524+2.4%676798-15.2%
2024 Q34 3424 035+7.6%516302+70.8%
2024 Q43 8724 193-7.7%363471-22.9%
2025 Q14 3694 104+6.5%409322+27.0%
2025 Q24 5654 006+14.0%51636+1329.4%
2025 Q34 8284 307+12.1%646498+29.7%
2025 Q44 4144 346+1.6%457402+13.4%
2026 Q15 2054 488+16.0%697368+89.7%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 14.7x · target 3-yr avg 6.5x · LTM avg 9.3x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-310.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2025-12-310.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2025-09-300.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2025-06-300.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2025-03-310.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2024-12-310.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2024-09-300.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2024-06-280.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2024-03-270.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2023-12-280.425 USDEx-dividend: 0.425 USD per sharePaidYahoo Finance (ex-div)
2023-09-280.425 USDEx-dividend: 0.425 USD per sharePaidYahoo Finance (ex-div)
2023-06-290.425 USDEx-dividend: 0.425 USD per sharePaidYahoo Finance (ex-div)
2023-03-300.425 USDEx-dividend: 0.425 USD per sharePaidYahoo Finance (ex-div)
2022-12-290.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2022-09-290.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2022-06-290.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2022-03-300.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2021-12-300.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2021-09-290.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2021-06-290.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)