STLD NASDAQ
Steel Dynamics, Inc.
1W: +1.0%
1M: +7.4%
3M: -2.2%
YTD: +40.2%
1Y: +61.4%
3Y: +156.9%
5Y: +313.9%
$246.80
+9.25 (+3.89%)
After Hours: $246.25 (-0.55, -0.22%)
Weekly Expected Move ±4.2%
$221
$231
$242
$252
$262
Credit Risk of going bust: lower than 74% of companies Debt: 11.0% of company value Bonds: $166.2M held by 198 funds, 71 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.26 (down 99.1%), Steel Dynamics, Inc. would be worth roughly what it owes.
Total debt $4.20B against a stock market value of $34.05B.
Distance to default 8.37 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $2.11B (short-term plus half of long-term), stock volatility 35.8%; Altman Z 6.02. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.26 (down 99.1%), Steel Dynamics, Inc. would be worth roughly what it owes.
Total debt $4.20B against a stock market value of $34.05B.
Distance to default 8.37 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $2.11B (short-term plus half of long-term), stock volatility 35.8%; Altman Z 6.02. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$18.2B
+3.6% ▲
5Y CAGR: +13.6%
Gross Profit
$2.4B
-15.6% ▼
5Y CAGR: +10.5%
Operating Income
$1.5B
-24.0% ▼
5Y CAGR: +11.7%
Net Income
$1.2B
-22.9% ▼
5Y CAGR: +16.6%
EPS (Diluted)
$7.99
-18.8% ▼
5Y CAGR: +25.3%
EBITDA
$2.1B
-16.0% ▼
5Y CAGR: +13.4%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B |
| YoY Growth | +91.7% | +20.9% | -15.6% | -6.7% | +3.6% |
| Cost of Revenue | $13.0B | $16.1B | $14.7B | $14.7B | $15.8B |
| Gross Profit | $5.4B | $6.1B | $4.0B | $2.8B | $2.4B |
| Gross Margin | 29.1% | 27.5% | 21.5% | 16.0% | 13.0% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $644M | $546M | $589M | $664M | $888M |
| Operating Expenses | $1.1B | $1.0B | $895M | $860M | $888M |
| Operating Income | $4.3B | $5.1B | $3.2B | $1.9B | $1.5B |
| Operating Margin | 23.4% | 22.9% | 16.8% | 11.1% | 8.1% |
| Interest Expense | $57M | $92M | $76M | $56M | $70M |
| Income Before Tax | $4.2B | $5.0B | $3.2B | $2.0B | $1.5B |
| Tax Expense | $962M | $1.1B | $752M | $433M | $306M |
| Net Income | $3.2B | $3.9B | $2.5B | $1.5B | $1.2B |
| Net Margin | 17.5% | 17.4% | 13.0% | 8.8% | 6.5% |
| EPS (Diluted) | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
| EBITDA | $4.6B | $5.5B | $3.7B | $2.5B | $2.1B |
| Shares Outstanding | 207M | 185M | 167M | 156M | 148M |