OakChart

Steel Dynamics Inc

STLDBasic Materials·Steel·USA·Large·NASD·Nov 11 • 9:42 AM ET

236.68+0.56 (0.24%)
2026-11-11 15:43 CET
Market cap
33,580.28 USD m
Revenue, TTM
22,219.88 USD m
Net income, TTM
1,959.56 USD m
Free cash flow, TTM
1,094.83 USD m
EPS diluted, TTM
13.55
P/E
17.46
Compare

Price

STLD against its 20, 50 and 200-day averages
2050200beatmiss
200.00250.002.3M4.5MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26STLDclose 236.6820-day 241.1950-day 238.35200-day 226.25236.68

18.0% under 288.74 on 15 Jun 2026. Last 15 sessions, 17.2% high to low

Profile

STLD
52-week range, 62% of the way up
151.21288.74

Steel Dynamics, Inc. engages in the production of steel and recycling of metals. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment is composed of electric arc furnace (EAF) steel mills, production of steel from ferrous scrap and scrap substitutes, utilization of continuous casting, automation of rolling mills and steel coatings, processing lines, and warehouse operations. The Metals Recycling Operations segment is involved in ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and provision of scrap management services. The Steel Fabrication Operations segment includes New Millennium Building Systems plants that serve non-residential construction industry throughout the United States. The Aluminum Operations segment consists of recycled aluminum flat rolled products mill being constructed in Columbus, Mississippi, and satellite recycled aluminum slab centers in Arizona and Mexico. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

IndexS&P 500, RUI
Employees14400
IPONov 22, 1996
Beta1.45
ATR, 14d9.64
Rel volume0.19
Short float2.82%
Insider own6.79%
Inst own87.25%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap33.66B
Enterprise Value36.87B
Income1.96B
Sales22.22B
Book/sh69.09
Cash/sh6.53
Dividend Est.2.12 (0.90%)
Dividend TTM2.09 (0.88%)
Dividend Ex-DateDec 31, 2026
Dividend Gr. 3/5Y13.72% 14.87%
Payout25.03%
Employees14400
IPONov 22, 1996

Ratios

P/E17.46
Forward P/E10.79
PEG0.32
P/S1.51
P/B3.43
P/C36.25
P/FCF30.74
EV/EBITDA11.49
EV/Sales1.66
Quick Ratio1.48
Current Ratio3.14
Debt/Eq0.43
LT Debt/Eq0.43
Option/ShortYes / Yes

Earnings

EPS (ttm)13.55
EPS next Y21.93
EPS next Q5.87
EPS this Y121.01%
EPS next Y24.20%
EPS next 5Y33.86%
EPS past 3/5Y-27.45% 25.23%
Sales past 3/5Y-6.53% 13.61%
EPS Y/Y TTM79.81%
Sales Y/Y TTM26.00%
EPS Q/Q92.46%
Sales Q/Q34.82%
EarningsOct 19 AMC
EPS/Sales Surpr.-4.07% 1.25%

Ownership

Insider Own6.79%
Insider Trans-0.73%
Inst Own87.25%
Inst Trans-1.17%
ROA11.59%
ROE20.80%
ROIC13.97%
Gross Margin15.77%
Oper. Margin11.50%
Profit Margin8.82%
SMA20-1.87%
SMA50-0.70%
SMA2004.61%
Trades-

Technical

Shs Outstand142.45M
Shs Float132.56M
Short Float2.82%
Short Ratio3.54
Short Interest3.74M
52W High288.74 -18.03%
52W Low151.21 56.52%
Volatility6.18% 4.27%
ATR (14)9.64
RSI (14)48.25
Beta1.45
Rel Volume0.19
Avg Volume1.06M
Volume16,296

Performance

Perf Week-1.43%
Perf Month-1.64%
Perf Quarter-9.16%
Perf Half Y-0.17%
Perf YTD39.67%
Perf Year55.32%
Perf 3Y117.09%
Perf 5Y257.25%
Perf 10Y633.19%
Recom2.06
Target Price277.85
Prev Close236.12
Price236.68
Change %0.24%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 29, 2026ResumedGGoldmanBuy$300+26.8%
May 22, 2026InitiatedBBarclaysOverweight$270+14.1%
Apr 30, 2026DowngradeBBofA SecuritiesBuy → Neutral$250+5.6%
Mar 25, 2026ResumedKKeyBanc Capital MarketsOverweight$190-19.7%
Jan 09, 2026DowngradeMMorgan StanleyOverweight → Equal-Weight$194-18.0%
Nov 04, 2025DowngradeUUBSBuy → Neutral$165-30.3%
Aug 14, 2025InitiatedWWells FargoOverweight$143-39.6%
Mar 31, 2025UpgradeBBMO Capital MarketsMarket Perform → Outperform$135 → $145-38.7%
Mar 24, 2025UpgradeUUBSNeutral → Buy$149-37.0%
Mar 07, 2025UpgradeMMorgan StanleyEqual-Weight → Overweight$145 → $158-33.2%

Peers

Mkt cap
TickerCompanyMkt cap
NUENucor Corp58.60B
CLFCleveland-Cliffs Inc7.43B
MTArcelorMittal SA49.42B
TXTernium SA ADR10.16B
RSReliance Inc21.74B
GGBGerdau SA ADR5.80B
PKXPOSCO Holdings Inc ADR15.47B
WSWorthington Steel Inc2.04B
CMCCommercial Metals Co7.06B
ASTLAlgoma Steel Group Inc609.66M

Insider trading

14 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
SCHNEIDER BARRYExecutive Vice President & CTONov 03 '26Sale248.9150,00012,445,466196,399Nov 04 01:06 PM
BARRY SCHNEIDEROfficerNov 03 '26Proposed Sale248.9150,00012,445,405Nov 03 04:15 PM
Anderson James StanleySenior Vice PresidentJun 05 '26Sale268.7010,0002,687,030102,837Jun 08 02:38 PM
JAMES ANDERSONOfficerJun 05 '26Proposed Sale268.7110,0002,687,066Jun 05 04:03 PM
Shaheen GabrielFormer DirectorJun 03 '26Proposed Sale258.221,526394,044Jun 02 06:51 PM
Shaheen GabrielFormer DirectorJun 02 '26Proposed Sale258.22800206,576Jun 01 02:25 PM
Graham Christopher ASenior Vice PresidentMay 13 '26Sale236.819,0002,131,29068,747May 15 03:04 PM
Poinsatte Richard ASenior Vice PresidentMay 12 '26Sale234.112,300538,45328,618May 14 10:27 AM
Graham Christopher AOfficerMay 13 '26Proposed Sale232.809,0002,095,200May 13 03:06 PM
Poinsatte Richard ASenior Vice PresidentMay 12 '26Proposed Sale235.972,300542,731May 12 02:11 PM
Alvarez MiguelSenior Vice PresidentApr 23 '26Sale225.584,8251,088,428122,257Apr 24 03:16 PM
Cornew Kenneth W.DirectorApr 23 '26Sale224.875,0001,124,35831,299Apr 24 03:16 PM
Kenneth CornewDirectorApr 23 '26Proposed Sale225.055,0001,125,250Apr 23 04:37 PM
MIGUEL ALVAREZOfficerApr 23 '26Proposed Sale225.584,8251,088,447Apr 23 04:08 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
XLBState Street Materials Select Sector SPDR ETFAUM: 8.46B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
PAVEGlobal X U.S. Infrastructure Development ETFAUM: 13.47B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B

News

latest 14 of 206
  • Steel Dynamics Announces Additional $3.0 Billion Share Repurchase Authorization and Fourth Quarter 2026 Cash Dividend (PR Newswire)
  • Nucor Earnings Due As Steel Prices Hit 4-Year High; NUE Near Buy Point (Investor's Business Daily)
  • Steel Dynamics Shares Fall 5.8% Premarket as Q3 Earnings Miss Estimates (InvestorsHub)
  • Steel Dynamics slides after earnings, and other early market movers (MarketWatch)
  • Dow seen higher while Nasdaq to fall as oil hits five-month high and AI IPO falters; Netflix, SpaceX results on tap (MarketWatch)
  • Loading…
  • Steel Dynamics stock slides 8% as Q3 earnings disappoint despite record shipments (Investing.com)
  • Steel Dynamics Reports Higher Profit on Improved Pricing, Lower Imports (The Wall Street Journal)
  • Steel Dynamics: Q3 Earnings Snapshot (Associated Press)
  • Steel Dynamics Reports Third Quarter 2026 Results (PR Newswire)
  • Steel Dynamics Announces Leadership Promotions (PR Newswire)
  • Monday's Economic and Earnings Calendar (MarketWatch)
  • Stock Market Today: Dow, S&P 500 and Nasdaq set to bounce back ahead of crucial week of tech earnings (MarketWatch)
  • Steel Dynamics Earnings Ahead: What Past Reactions Say About The Stock (Trefis)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-195.2605.4835.2606,5096,42911
2026Q22026-07-203.6903.6263.6946,0925,55910
2026Q12026-04-202.7802.7852.7765,2055,08010
2025Q42026-01-261.8201.7041.8194,4144,5519
2025Q32025-10-202.7402.6302.7354,8284,76511
2025Q22025-07-212.0102.2392.0054,5654,71611
2025Q12025-04-221.4401.3841.4404,3694,19512
2024Q42025-01-221.3601.2881.3573,8723,96912
2024Q32024-10-162.0501.9812.0534,3424,17711
2024Q22024-07-172.7202.7102.7164,6334,42811
2024Q12024-04-233.6683.5083.6654,6944,7369
2023Q42024-01-232.6122.6282.6154,2334,22310
2023Q32023-10-183.4723.5373.4754,5874,4869
2023Q22023-07-194.8104.7764.8095,0825,51211
2023Q12023-04-194.0103.6213.6954,8934,95111
2022Q42023-01-254.3703.7653.6094,8264,73010

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY5.4905.4125.35011,82211,842
2019FY3.0503.0213.04010,48510,435
2020FY2.8402.5772.5949,6019,556
2021FY16.09016.03215.55618,40918,314
2022FY22.68021.43220.92222,26122,119
2023FY14.78214.79214.63818,79518,782
2024FY9.8409.7619.84517,54017,624
2025FY7.9907.9587.99318,17718,298
2026FY-17.659--24,229
2027FY-21.932--25,420
2028FY-19.164--24,125
2029FY-16.190--24,279

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-039626,3635,6776,761
2026Q4S2026-10-219626,3565,6776,697
2026Q4S2026-10-209526,3255,6776,697
2026Q4S2026-10-199706,3385,5396,697
2026Q4S2026-10-149706,3385,5396,697
2026Q4S2026-10-139706,3295,5396,697
2026Q4S2026-10-099606,2975,5396,697
2026Q4S2026-10-089606,2405,5396,610
2026Q4S2026-10-049606,2315,4596,610
2026Q4S2026-10-029806,2315,4596,610
2026Q4S2026-09-189806,2295,4596,610
2026Q4S2026-09-179806,2275,4596,610
2026Q4S2026-09-169806,2305,4596,619
2026Q4S2026-09-119806,2345,4596,619

Estimate history

EPS, annual3.3625.353.042.59415.55620.92214.6389.8457.98913.5528
Period201720182019202020212022202320242025TTM
EPS, quarterly2.0531.3571.442.0052.7351.8192.7763.6945.264
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual9538.79711821.83910464.9919601.48218408.8522260.77418795.31617540.3918176.58122219.88
Period201720182019202020212022202320242025TTM
Sales, quarterly4341.6153872.1384369.1954565.1234828.2154414.0485204.8586091.5576509.419
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual237.397225.272214.503210.914194.998172.936160.018151.117144.94142.453
Period201720182019202020212022202320242025MRQ
Shares, quarterly153.042151.117149.38147.788146.156144.94144.443143.61142.453
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue22,219.8818,176.5817,540.3918,795.3222,260.7718,408.859,601.4810,464.9911,821.84
Cost of Goods Sold Incl. D&A18,716.5515,858.5914,933.2315,061.4216,647.3713,433.298,237.559,040.749,705.34
Gross Profit3,503.332,317.992,607.163,733.905,613.414,975.561,363.931,424.262,116.50
Selling, General and Administrative Excl. Other948.25765.31664.12588.62545.62643.98477.45436.50416.64
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,555.081,552.691,943.043,145.285,067.794,331.58886.48987.761,699.86
Interest Expense138.6570.0456.3576.4891.5457.2194.88127.10126.62
Unusual Expense0.0070.200.00-5.91-24.0330.4839.340.88-22.55
Net Income Before Taxes2,485.871,492.971,982.883,218.945,021.074,209.07705.48875.341,619.77
Income Taxes534.77305.66432.93751.611,141.58962.26134.65197.44363.97
Consolidated Net Income1,951.091,187.311,549.962,467.333,879.493,246.81570.83677.901,255.81
Net Income From Continuing Operations1,959.561,185.601,537.132,450.883,862.673,214.07550.82671.101,258.38
Net Income1,959.561,185.601,537.132,450.883,862.673,214.07550.82671.101,258.38
EPS (Recurring)13.648.329.8414.6120.8315.662.723.045.28
EPS (Basic, Before Extraordinaries)13.618.029.8914.7221.0615.672.613.065.38
EPS (Diluted)13.557.999.8414.6420.9215.562.593.045.35
EBITDA3,209.412,104.082,421.943,583.085,451.994,679.241,212.271,308.842,017.05
Non-Operating Income (Expense)69.4480.5396.19144.2520.79-34.83-46.7915.5623.98
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense43.7652.7751.8247.4854.6758.5537.0131.6130.57
Price To Earnings Ratio17.4217.4210.327.584.313.9614.2311.235.62
Price To Sales Ratio1.431.381.021.050.810.700.820.720.60
Gross Margin15.7712.7514.8619.8725.2227.0314.2113.6117.90
Operating Margin11.508.5411.0816.7322.7723.539.239.4414.38
Net Margin8.826.528.7613.0417.3517.465.746.4110.64
Shares Outstanding142.45144.94151.12160.02172.94195.00210.91214.50225.27
Market Capitalization33,580.2833,580.2817,366.5919,110.4717,153.2912,317.857,756.237,333.996,895.74

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue6,509.426,091.565,204.864,414.054,828.224,565.124,369.193,872.14
Cost of Goods Sold Incl. D&A5,234.835,140.314,449.443,891.984,077.223,953.553,889.553,457.73
Gross Profit1,274.59951.24755.42522.07750.99611.57479.65414.41
Selling, General and Administrative Excl. Other268.22250.76217.42211.84243.23228.72204.50176.90
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,006.37700.48538.00310.23507.76382.86275.14237.50
Interest Expense39.3339.1233.2426.9613.5717.3812.1314.58
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes978.58683.46513.21310.61513.85387.87280.65243.96
Income Taxes222.90152.68113.1146.09109.9286.6762.9834.09
Consolidated Net Income755.69530.78400.11264.51403.93301.19217.68209.87
Net Income From Continuing Operations756.00534.09403.44266.03403.69298.73217.15207.29
Net Income756.00534.09403.44266.03403.69298.73217.15207.29
EPS (Recurring)5.263.692.781.822.732.011.441.36
EPS (Basic, Before Extraordinaries)5.293.712.791.832.752.011.451.36
EPS (Diluted)5.263.692.781.822.732.011.441.36
EBITDA1,181.21874.40697.28456.51646.24515.72408.90363.05
Non-Operating Income (Expense)11.5522.118.4527.3319.6622.3917.6421.04
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense10.5010.843.0519.3711.2510.571.5038.00
Price To Earnings Ratio17.4224.5822.5022.4820.3416.9212.7810.32
Price To Sales Ratio1.431.621.381.361.171.111.100.99
Gross Margin19.5815.6214.5111.8315.5513.4010.9810.70
Operating Margin15.4611.5010.347.0310.528.396.306.13
Net Margin11.618.777.756.038.366.544.975.35
Shares Outstanding142.45143.61144.44144.94146.16147.79149.38151.12
Market Capitalization33,580.2833,091.1126,078.7624,745.6320,524.7919,003.6018,749.1217,366.59

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments769.88737.272,122.102,256.631,243.871,368.621,643.631,057.001,028.65
Short Term Receivables1,682.661,417.201,608.312,056.051,916.43971.92844.341,043.76868.84
Inventories3,738.523,113.732,894.633,129.963,531.131,843.551,689.041,859.171,519.35
Other Current Assets293.12163.13162.79195.37209.5974.3676.0172.7391.51
Total Current Assets6,484.175,431.346,787.837,638.026,901.024,258.454,253.024,032.663,508.34
Net Property, Plant & Equipment8,739.658,231.496,861.725,484.304,851.554,195.853,211.062,945.772,675.90
Total Investments and Advances5.405.505.605.505.505.505.906.2016.94
Intangible Assets808.76704.71735.23769.57749.18781.80780.82699.97643.80
Deferred Tax Assets-116.7374.3765.7861.7259.94-523.1044.5841.48
Other Assets381.80562.20518.05262.5923.9823.9624.9618.9710.74
Total Assets16,419.7815,051.9614,982.7914,225.7612,592.959,325.507,752.667,748.146,897.22
Short Term Debt Incl. Current Port. of LT Debt58.81446.90480.9976.18115.00104.60106.8924.2328.80
Accounts Payable1,231.36979.911,088.331,017.241,280.56769.46513.34550.75489.45
Income Tax Payable67.313.785.526.5213.752.392.017.473.70
Other Current Liabilities764.77719.98757.45932.35818.07382.35384.45436.68346.58
Total Current Liabilities2,122.252,150.582,332.302,032.302,227.371,258.791,006.701,019.14868.52
Long Term Debt4,324.002,898.432,718.223,105.033,090.953,088.402,702.892,352.492,353.14
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities1,004.381,018.911,019.14954.88916.62596.23-38.93480.42347.43
Other Liabilities38.7438.7873.6137.7537.8433.8717.168.8721.81
Total Liabilities7,489.376,106.716,143.276,129.966,272.784,977.283,687.813,860.913,590.91
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity8,957.188,934.298,866.678,130.366,304.644,345.164,075.833,935.073,351.57
Total Shareholders Equity8,957.188,934.298,866.678,130.366,304.644,345.164,075.833,935.073,351.57
Accumulated Minority Interest-26.7710.96-27.14-34.5515.533.06-10.98-47.84-45.27
Total Equity8,930.418,945.258,839.538,095.816,320.174,348.234,064.863,887.233,306.31
Total Liabilities & Stockholders Equity16,419.7815,051.9614,982.7914,225.7612,592.959,325.517,752.667,748.146,897.22
Book Value Per Share61.8059.1255.4147.0132.3320.6019.0017.4714.12
Tangible Book Value Per Share56.2254.4650.8242.5628.4916.8915.3614.3611.41
Full-Time Employees14,40013,00012,60012,06010,6409,6258,3858,2007,635
Price to Book Ratio3.421.922.172.161.921.791.791.723.29
Return on Assets7.5310.2416.7828.8129.336.458.6617.1812.20
Return on Equity13.2517.2728.8453.5260.3613.0816.7534.5425.89
Return on Invested Capital8.9312.9921.1634.3834.217.419.9020.0114.25
Quick Ratio1.291.081.672.221.511.922.552.132.29
Current Ratio3.062.532.913.763.103.384.223.964.04

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,951.091,187.311,549.962,467.333,879.493,246.81570.83677.901,255.81
Depreciation654.33551.39478.91437.80384.20347.65325.79321.08317.20
Other Funds (Non Cash)82.6558.7761.0842.0357.4554.48105.9849.0442.07
Funds from Operations2,686.661,891.872,047.363,002.834,358.323,970.951,050.411,099.751,676.90
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-991.90-442.34-202.86517.10102.08-1,766.81-63.37296.54-261.43
Income Taxes Payable--------12.10-
Cash from Operating Activities1,694.761,449.531,844.503,519.934,460.402,204.14987.031,396.291,415.47
Capital Expenditures-599.92-948.02-1,868.01-1,657.90-908.90-1,006.24-1,198.06-451.94-239.39
Net Assets From Acquisitions-175.77-175.770.000.00-134.090.00-60.01-97.11-434.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.00147.43572.95-90.75-852.110.00262.17-33.39-228.78
Purchase of Investments0.00-39.57-739.34-1,145.49-1,150.060.00-149.36-396.16-268.78
Sale Or Maturity of Investments0.00187.001,312.291,054.74297.950.00411.53362.7740.00
Other Uses0.000.00-8.31-221.59-----
Other Sources-2.981.420.000.0015.846.822.635.766.91
Cash from Investing Activities-778.68-974.96-1,303.36-1,970.25-1,879.27-999.42-993.26-576.69-895.26
Cash Dividends Paid-298.22-291.18-282.62-271.32-237.16-212.97-209.25-200.27-168.91
Change in Capital Stock-831.23-900.87-1,212.16-1,452.20-1,800.90-1,060.63-106.53-348.61-523.57
Repurchase of Common Pref Stock-831.23-900.87-1,212.16-1,452.20-1,800.90-1,060.63-106.53-348.61-523.57
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net416.11985.82158.86-1.89-42.22-5.45345.83309.81-9.88
Change in Long Term Debt416.11985.82158.86-1.89-42.22-5.45345.83309.81-9.88
Issuance of Long Term Debt3,221.713,553.682,482.921,365.661,465.261,516.562,523.361,573.96445.61
Reduction of Long Term Debt-2,805.60-2,567.86-2,324.06-1,367.55-1,507.47-1,522.00-2,177.53-1,264.15-455.49
Net Financing Active Other Cash Flow-44.60-88.09-16.68-51.73-116.30-50.42-37.10-27.56-18.50
Other Financing Activities Uses-44.60-88.09-16.68-51.73-116.30-50.42-37.10-27.56-18.50
Cash from Financing Activities-757.94-294.31-1,352.60-1,777.13-2,196.58-1,329.47-7.05-266.63-720.87
Net Change in Cash158.14180.26-811.45-227.46384.55-124.75-13.28552.97-200.66
Free Cash Flow1,094.83501.51-23.501,862.023,551.501,197.90-211.02944.351,176.08
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow39.95119.56-12.435.4413.02-10.107.01
Deferred Taxes & Investment Tax Credit-94.40-42.5855.6637.19322.0147.8151.7261.83

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments928.56567.71556.53769.88770.36497.62
Short Term Receivables2,446.442,442.942,056.431,682.661,761.961,700.97
Inventories4,249.063,955.623,908.123,738.523,195.663,260.90
Other Current Assets390.11314.77274.09293.12351.43231.10
Total Current Assets8,014.177,281.036,795.176,484.176,079.405,690.60
Net Property, Plant & Equipment8,491.098,491.778,549.888,739.658,493.558,465.48
Total Investments and Advances5.305.305.205.405.305.20
Intangible Assets781.29793.23800.96808.76684.02690.91
Other Assets544.00542.06569.01381.80702.75696.45
Total Assets17,835.8417,113.4016,720.2216,419.7815,965.0315,548.64
Short Term Debt Incl. Current Port. of LT Debt20.851.3322.1258.811.431.46
Accounts Payable1,605.231,483.571,379.491,231.361,214.771,227.18
Income Tax Payable64.2332.34135.2067.313.092.07
Other Current Liabilities857.97770.06633.90764.77737.44588.37
Total Current Liabilities2,548.282,287.312,170.722,122.251,956.731,819.08
Long Term Debt4,183.044,180.814,178.674,324.003,781.033,779.56
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities1,116.081,070.821,042.981,004.381,105.13957.56
Other Liabilities208.93211.40194.4538.74151.82148.38
Total Liabilities8,056.337,750.337,586.827,489.376,994.706,704.59
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity9,842.439,419.539,164.868,957.188,995.148,864.05
Total Shareholders Equity9,842.439,419.539,164.868,957.188,995.148,864.05
Accumulated Minority Interest-62.92-56.46-31.46-26.77-24.82-20.00
Total Equity9,779.519,363.079,133.408,930.418,970.338,844.05
Total Liabilities & Stockholders Equity17,835.8417,113.4016,720.2216,419.7815,965.0315,548.64
Book Value Per Share69.0965.5963.4561.8061.5459.98
Tangible Book Value Per Share63.6160.0757.9056.2256.8655.30
Full-Time Employees---14,400--
Price to Book Ratio3.423.622.912.752.322.17
Return on Assets11.599.848.407.537.136.80
Return on Equity20.8017.5815.2513.2512.4711.57
Return on Invested Capital5.393.933.022.003.162.36
Quick Ratio1.481.451.331.291.471.34
Current Ratio3.143.183.133.063.113.13

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income755.69530.78400.11264.51403.93301.19
Depreciation174.84173.92159.28146.28138.49132.87
Other Funds (Non Cash)12.3928.5915.1626.506.2513.17
Funds from Operations987.42763.28607.21328.75696.24486.36
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-141.62-335.34-458.90-56.0426.37-184.75
Cash from Operating Activities845.79427.94148.32272.71722.61301.61
Capital Expenditures-149.61-123.84-137.98-188.50-165.69-288.33
Net Assets From Acquisitions0.000.000.00-175.770.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.0039.57-19.96
Purchase of Investments0.000.000.000.000.00-29.57
Sale Or Maturity of Investments0.000.000.000.0039.579.61
Other Uses0.001.09-1.090.000.001.06
Other Sources-1.994.720.00-5.705.591.53
Cash from Investing Activities-151.60-118.04-139.07-369.97-120.53-305.70
Cash Dividends Paid-76.11-76.56-72.47-73.08-73.89-74.69
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-275.56-200.29-115.09-240.30-210.39-200.05
Repurchase of Common Pref Stock-275.56-200.29-115.09-240.30-210.39-200.05
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net19.08-21.13-12.89431.06-0.33-418.33
Change in Long Term Debt19.08-21.13-12.89431.06-0.33-418.33
Issuance of Long Term Debt671.65695.09599.471,255.50407.96484.28
Reduction of Long Term Debt-652.57-716.22-612.36-824.44-408.29-902.61
Net Financing Active Other Cash Flow-0.74-0.70-22.31-20.84-5.06-31.72
Other Financing Activities Uses-0.74-0.70-22.31-20.84-5.06-31.72
Cash from Financing Activities-333.34-298.67-222.7696.84-289.66-724.78
Net Change in Cash360.8511.23-213.51-0.42312.42-728.87
Free Cash Flow696.19304.0910.3484.22556.9213.28
Price to Free Cash Flow39.9550.3070.58117.82914.99-

Revenue breakdown

Non-US2024: 1.46B 2025: 1.15B
United States2024: 16.08B 2025: 17.02B
Aluminum Operations2024: 318.69M
Consolidation, Policy2024: -2.67B
Corporate and Other2024: 1.45B
Metals Recycling Operations2024: 4.14B
Steel Fabrication Operations2024: 1.77B
Steel Operations2024: 12.53B
Total Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) revenue2025: 18.18B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.82%3.7M132.6M1.06M
2026-10-152.91%3.9M133.6M1.09M
2026-09-303.01%4.0M133.6M1.14M
2026-09-152.83%3.8M133.6M1.23M
2026-08-312.85%3.8M133.6M1.25M
2026-08-142.92%3.9M133.6M1.21M
2026-07-313.04%4.1M133.6M1.20M
2026-07-152.64%3.6M134.5M1.22M
2026-06-302.74%3.7M134.5M1.20M
2026-06-152.98%4.0M134.4M1.15M
2026-05-292.82%3.8M134.5M1.17M
2026-05-152.75%3.7M134.5M1.16M
2026-04-302.74%3.7M134.4M1.26M
2026-04-153.04%4.1M134.9M1.26M
2026-03-313.01%4.1M135.3M1.33M
2026-03-132.69%3.6M135.3M1.32M
2026-02-272.70%3.7M135.3M1.32M
2026-02-133.25%4.4M136.4M1.31M
2026-01-302.71%3.7M136.4M1.26M
2026-01-152.65%3.6M136.4M1.28M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call85.000.000.000.00-0.000.00---
call90.000.000.000.00-0.000.00---
call95.000.000.000.00-0.000.00---
call1000.000.000.00-0.000.00---
call1050.000.000.00-0.000.00---
call1100.000.000.00-0.000.00---
call1150.000.00159.5-0.000.00---
call1200.000.000.00-0.000.00---
call1250.000.000.00-0.000.00---
call1300.000.00109.2-3.000.00---
call1350.000.00104.2-2.000.00---
call1400.000.00101.6-2.000.00---
call1450.000.0094.20-1.000.00---
call1500.000.0090.80-2.000.00---
call1550.000.0075.90-2.000.00---
call1600.000.0079.40-2.000.00---
call1650.000.0074.50-2.000.00---
call1700.000.0056.50-2.000.00---
call1750.000.0062.37-0.000.00---
call1800.000.0061.40-1.000.00---
call1850.000.0056.70-9.000.00---
call1900.000.0054.90-8.000.00---
call1950.000.0047.70-32.000.00---
call2000.000.0042.54-7.000.00---
call2100.000.0026.00-39.000.00---
call2200.000.0018.50-30.000.00---
call2300.000.0010.80-1140.00---
call2400.000.005.50-8960.00---
call2500.000.002.55-7590.00---
call2600.000.001.05-3140.00---
call2700.000.000.38-5230.00---
call2800.000.000.52-5030.00---
call2900.000.000.10-1620.00---
call3000.000.000.45-90.000.00---
call3100.000.000.05-1110.00---
call3200.000.000.10-3470.00---
call3300.000.000.54-45.000.00---
call3400.000.000.05-3830.00---
call3500.000.000.05-14.000.00---
call3600.000.002.25-3.000.00---
call3700.000.001.80-2.000.00---
call3800.000.000.00-0.000.00---
call3900.000.001.80-3.000.00---
call4000.000.000.10-3.000.00---
call4100.000.001.10-1.000.00---
call4200.000.001.10-1.000.00---
call4300.000.001.00-1.000.00---
put85.000.000.000.00-0.000.00---
put90.000.000.000.00-0.000.00---
put95.000.000.000.00-0.000.00---
put1000.000.000.00-0.000.00---
put1050.000.000.00-0.000.00---
put1100.000.000.95-1.000.00---
put1150.000.000.00-0.000.00---
put1200.000.000.00-0.000.00---
put1250.000.000.10-3.000.00---
put1300.000.000.00-0.000.00---
put1350.000.001.35-6.000.00---
put1400.000.007.70-1.000.00---
put1450.000.001.45-7.000.00---
put1500.000.000.95-16.000.00---
put1550.000.003.90-8.000.00---
put1600.000.000.05-16.000.00---
put1650.000.000.05-25.000.00---
put1700.000.000.05-2090.00---
put1750.000.000.05-2.000.00---
put1800.000.000.10-29.000.00---
put1850.000.000.15-9.000.00---
put1900.000.000.35-65.000.00---
put1950.000.000.38-95.000.00---
put2000.000.000.77-1580.00---
put2100.000.000.95-3820.00---
put2200.000.002.10-6730.00---
put2300.000.004.90-5090.00---
put2400.000.0012.84-9990.00---
put2500.000.0024.00-6330.00---
put2600.000.0015.60-1260.00---
put2700.000.0032.29-3.000.00---
put2800.000.0040.80-0.000.00---
put2900.000.0056.70-0.000.00---
put3000.000.0043.50-0.000.00---
put3100.000.0062.50-0.000.00---
put3200.000.0081.40-0.000.00---
put3300.000.000.00-0.000.00---
put3400.000.00110.63-0.000.00---
put3500.000.00107.4-0.000.00---
put3600.000.0094.00-0.000.00---
put3700.000.00127.9-0.000.00---
put3800.000.00137.3-0.000.00---
put3900.000.00153-0.000.00---
put4000.000.000.00-0.000.00---
put4100.000.000.00-0.000.00---
put4200.000.000.00-0.000.00---
put4300.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-108-KCurrent report2026-11-09SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-05SCHEDULE 13G/ASEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-208-KCurrent report2026-10-19SEC
2026-10-198-KCurrent report2026-10-19SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-09-188-KCurrent report2026-09-17SEC
2026-08-188-K/A2026-08-03SEC
2026-08-148-KCurrent report2026-08-14SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-06SCHEDULE 13GSEC
2026-08-048-KCurrent report2026-08-03SEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-284Statement of changes in beneficial ownership of securities2026-07-28SEC
2026-07-218-KCurrent report2026-07-20SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-06-188-KCurrent report2026-06-17SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110012.45M1
2026-100000
2026-090000
2026-080000
2026-070000
2026-06002.69M1
2026-05002.67M2
2026-04002.21M2
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.60%
VANGUARD CAPITAL MANAGEMENT LLC6.17%
STATE STREET CORP5.11%
VANGUARD PORTFOLIO MANAGEMENT LLC4.68%
FMR LLC3.78%
GEODE CAPITAL MANAGEMENT, LLC2.66%
Capital Research Global Investors2.52%
MORGAN STANLEY2.32%
NORGES BANK1.72%
NORDEA INVESTMENT MANAGEMENT AB1.62%

Funds

Fund% owned
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND65.33%
Baird Short-Term Bond Fund29.05%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND14.93%
Loomis Sayles Investment Grade Bond Fund13.84%
DFA Investment Grade Portfolio13.76%
VANGUARD INTERMEDIATE-TERM BOND INDEX FUND10.18%
VANGUARD CORE BOND FUND8.53%
T. Rowe Price Short-Term Bond Fund, Inc.8.10%
Bridge Builder Core Plus Bond Fund7.55%
Transamerica Short-Term Bond6.52%

OakChart. STLD. Cached 15 minutes.