Steel Dynamics, Inc.
STLDBasic MaterialsNASDAQSteel · Last scanned May 29, 2026
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Daily timeframeSteel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. With a market capitalization of $37.60B, it sits in large-cap territory. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations.
Market Cap
$37.60B
Beta
1.49
P/E (TTM)
27.95
P/E (Fwd)
15.33
EPS (TTM)
$9.33
EPS (Fwd)
$17.01
ROE
15.3%
ROA
6.7%
Cash
$556.5M
Total Debt
$4.20B
Free CF
-$31.8M
52W Change
111.9%
Annual Financials
Cash vs Debt
Steel Dynamics, Inc. carries $4.20B in total debt against $556.5M in cash reserves — debt is roughly 7.5x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$31.8M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 15.2%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.7% suggests reasonable efficiency in deploying the company's asset base. Revenue has pulled back from $22.26B (2022) to $18.18B (2025), a 18% decline worth watching.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Steel Dynamics, Inc.'s trajectory.