STLD
Steel Dynamics Inc Materials Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) S&P 500Russell 3000
$250.80Close
$36.4BMarket cap
$150.37 – $282.1252-week range
Jan 19, 2027Next report · estimated
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Earnings growing EPS +92% year on year, faster than the quarter before (+8 pts)
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
11%
1wk
up 3.8%
price change
1mo
up 13.2%
price change
12-month return
up 60%
market up 11% ·
its own up 44%
F-score
6 / 9
Mixed
Altman Z
5.97
Low risk
P/E
30.7×
price / earnings
PEG
—
P/E / EPS growth
P/B
4.1×
price / book
Earnings yield
up 3.7%
EBIT / enterprise value
Cheaper than
42%
of the market · around average
Revenue growth
up 4%
year on year
EPS growth
up 92%
latest quarter · +8 pts
Sales growth
up 35%
latest quarter · +1 pts
ROE
up 13%
return on equity
Free cash margin
up 3%
$501.5M FCF
D/E
0.47
long-term debt / equity
Net debt / EBITDA
1.7×
Interest cover
—EBIT / interest
Piotroski tests
- profitability slipped from last year
- took on more long-term debt
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profits backed by cash
- short-term liquidity improved
- no new shares issued
- assets working harder
Repair signals
- FCF turned positive ($-24M → $502M)
- Revenue reaccelerating (-7% then +4%)
Trade setup
ATR%
3.4%
$8.57 a day · 2×ATR $233.65
RS
77 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
0.8×
vs 50-day average
Up/down volume
1.18
50 sessions
Implied move
—
no scheduled report
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Gross margin narrowing Gross margin fell from 16.0% to 13.2%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Oct 20, 2026
Results reaction
Oct 20, 20260% vs market2 sessions after results
Options
$303,73039.9% IV · activity
Financials
- Gross 13%
- Net 7%
- Free cash 3%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.6B | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B |
| Gross margin | 15% | 29% | 27% | 22% | 16% | 13% |
| Operating income | $847.1M | $4.3B | $5.1B | $3.2B | $1.9B | $1.5B |
| Net income | $570.8M | $3.2B | $3.9B | $2.5B | $1.5B | $1.2B |
| Net margin | 6% | 17% | 17% | 13% | 9% | 7% |
| Earnings per share | $2.69 | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
| Free cash flow | -$211.0M | $1.2B | $3.6B | $1.9B | -$23.5M | $501.5M |
| Free cash margin | -2% | 7% | 16% | 10% | -0% | 3% |
| Cash | $1.4B | $1.2B | $1.6B | $1.4B | $589.5M | $769.9M |
| Long-term debt | $3.0B | $3.0B | $3.0B | $2.6B | $2.8B | $4.2B |
| Shareholders' equity | $4.3B | $6.3B | $8.1B | $8.9B | $8.9B | $9.0B |
| Shares outstanding | 210.91m | 195m | 172.94m | 160.02m | 151.12m | 144.94m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $230 – $272 ±8.3% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 39.9% priced · 28.4% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $303,730 calls $261,712 · puts $42,018 · latest session
- 0.16× +0.09 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +2.78k · puts +829 past week
For options traders: ATM IV 39.9% (+1.9% 1w) · 1m ÷ 3m IV 1.08 · 25Δ skew 2.8 pts · Net GEX $3.3M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 23, 2026 | Quarterly ↗ | Sep 30, 2026 | 23d |
| Jul 28, 2026 | Quarterly ↗ | Jun 30, 2026 | 28d |
| Apr 27, 2026 | Quarterly ↗ | Mar 31, 2026 | 27d |
| Feb 27, 2026 | Annual ↗ | Dec 31, 2025 | 58d |
| Oct 24, 2025 | Quarterly ↗ | Sep 30, 2025 | 24d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| May 12, 2025 | Quarterly ↗ | Mar 31, 2025 | 42d |
| Feb 28, 2025 | Annual ↗ | Dec 31, 2024 | 59d |
| Nov 8, 2024 | Quarterly ↗ | Sep 30, 2024 | 39d |
| Aug 8, 2024 | Quarterly ↗ | Jun 30, 2024 | 39d |
| May 10, 2024 | Quarterly ↗ | Mar 31, 2024 | 40d |
| Feb 29, 2024 | Annual ↗ | Dec 31, 2023 | 60d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 20, 2026 | Results ↗ |
| Oct 19, 2026 | Other events ↗ |
| Sep 18, 2026 | Regulation FD ↗ |
| Aug 14, 2026 | Other events ↗ |
| Aug 4, 2026 | Director or officer change · Regulation FD ↗ |
| Jul 21, 2026 | Results ↗ |
| Jun 18, 2026 | Regulation FD ↗ |
| May 8, 2026 | Shareholder vote · Other events ↗ |
| Apr 21, 2026 | Results ↗ |
| Mar 27, 2026 | Director or officer change · Regulation FD ↗ |
| Mar 18, 2026 | Regulation FD ↗ |
| Feb 23, 2026 | Other events ↗ |