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.

239.61 0.47 +0.20%
Market cap
$34.3B
P/E
21.6×
Fwd P/E
17.8×
Dividend yield
0.87%
F-score
5/9
Altman Z
5.03
Beneish M
−2.40
Dividend safety
71/100

Steel Dynamics, Inc. (STLD) EV/EBITDA

Alert me on 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

Embed this chart

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

Against its own ten years

Low 2.2× High 33.3×
Ten-year median 8.0×
Current reading's percentile 88

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)

The full definition of EV/EBITDA →

More on STLD