STEEL DYNAMICS INC
Company Stats
- Market Cap
- $31.8B
- as of Sep 30, 2026
- Enterprise Value
- $35.3B
- Shares Outstanding
- 143.3M
- Free Float
- 89.5%
Income Statement
- Revenue
- $18.2B
- Operating Income
- $1.5B
- Net Income
- $1.2B
- EBITDA
- $2.0B
- Revenue Growth, 3Y
- -6.5%
- FCF Margin, 3Y Avg
- 4.2%
- FCF Margin, Worst Year
- -0.1%
Cash Flow
- Free Cash Flow
- $501.5M
- FCF Yield
- 1.6%
- Owner FCF Yield
- 1.4%
Balance Sheet
- Cash & Equivalents
- $769.9M
- Total Debt
- $4.3B
- Net Debt
- $3.5B
- Net Debt / EBITDA
- 1.73x
- EV / EBITDA
- 17.40x
- Net Debt / EBIT
- 2.38x
Returns & Capital
- Dividends Paid
- $291.2M
- Dividend Yield
- 0.9%
- Dividend Payout, 3Y Avg
- 18.0%
- Share Repurchases
- $900.9M
- Buyback Yield, 3Y Avg
- 3.7%
- SBC, 3Y Avg
- $65.8M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $18.2B | $501.5M | 2.8% |
| FY2024 | $17.5B | -$23.5M | -0.1% |
| FY2023 | $18.8B | $1.9B | 9.9% |
| FY2022 | $22.3B | $3.6B | 16.0% |
| FY2021 | $18.4B | $1.2B | 6.5% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Materials & Chemicals: Demand and Pricing Firm, Costs Squeeze