Steel Dynamics, Inc.
STLD Basic Materials Steel
Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024. In the quarter to June 2026, revenue grew 33.4%, EPS grew 84.6%, free cash flow grew 2,189.9% and total debt rose 10.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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Steel Dynamics, Inc. (STLD) EV/EBITDA
As of 12 October 2026, Steel Dynamics, Inc. (STLD) trades at a EV/EBITDA of 14.2×. Over the past ten years it has ranged from 2.2× (July 2022) to 33.3× (March 2016); the current reading is higher than 88% of that period. That is above the Steel industry median of 9.9× and above the Basic Materials sector median of 9.4×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 14.1× | 68.28% |
| FY2024 | 8.3× | 44.39% |
| FY2023 | 5.8× | 73.34% |
| FY2022 | 3.3× | 6.27% |
| FY2021 | 3.1× | (61.32%) |
| FY2020 | 8.1× | 23.90% |
| FY2019 | 6.6× | 60.06% |
| FY2018 | 4.1× | (53.90%) |
| FY2017 | 8.9× | (12.04%) |
| FY2016 | 10.1× | (63.85%) |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 13.7× | 6.84% |
| Mar 2026 | 12.8× | (8.70%) |
| Dec 2025 | 14.1× | 15.63% |
| Sep 2025 | 12.2× | (1.59%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| PKX POSCO Holdings Inc. compare | 4.7× |
| TX Ternium S.A. compare | 5.9× |
| GGB Gerdau S.A. compare | 7.0× |
| SIM Grupo Simec, S.A. de C.V. compare | 8.6× |
| MT ArcelorMittal compare | 9.9× |
| NUE Nucor Corporation compare | 10.9× |
| STLD Steel Dynamics, Inc. | 14.2× |
| RS Reliance, Inc. compare | 14.5× |
| CLF Cleveland-Cliffs Inc. compare | 53.6× |
| Steel industry median | 9.9× |
| Basic Materials sector median | 9.4× |
| Market median | 11.1× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on STLD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement