Reliance, Inc. (RS) vs Steel Dynamics, Inc. (STLD)

Reliance, Inc. and Steel Dynamics, Inc. are both Steel companies. Steel Dynamics, Inc. is the larger, with a market value of $33.7B against $19.7B — 1.7× the size. Steel Dynamics, Inc. trades at the lower P/E: 21.1× against 22.4×. Steel Dynamics, Inc. grew revenue faster over the last twelve months: 19.8% against 15.4%. Steel Dynamics, Inc. has the higher net margin (7.83% vs 5.65%) and the higher return on invested capital (10.0% vs 8.74%). Both pay a dividend; Steel Dynamics, Inc. yields more (1.44% vs 1.31%). Across the 23 metrics below, Steel Dynamics, Inc. leads on 15 and Reliance, Inc. on 8.

Valuation

Metric RS STLD Steel median
P/E 22.38 21.10 21.10
P/S 1.25 1.64 0.70
P/B 2.67 3.65 1.39
Price to free cash flow 35.36 35.24 23.71
EV/EBITDA 14.00 13.94 10.71
EV/Sales 1.34 1.82 0.85
Earnings yield 4.47% 4.74% 4.56%
Free cash flow yield 2.83% 2.84% 0.00%

Profitability

Metric RS STLD Steel median
Gross margin 28.21% 14.65% 13.91%
Operating margin 7.82% 10.01% 4.77%
Net margin 5.65% 7.83% 3.40%
Free cash flow margin 3.54% 4.65% 0.00%
Return on equity 12.20% 17.94% 2.21%
Return on assets 8.25% 9.84% 1.83%
Return on invested capital 8.74% 10.01% 2.52%

Growth

Metric RS STLD Steel median
Revenue growth (TTM) 15.44% 19.77% 11.33%
EPS growth (last fiscal year) (10.15%) (18.80%) —
Revenue growth, 5-year CAGR 10.16% 13.61% 6.73%
Net income growth, 5-year CAGR 14.91% 16.57% 0.00%

Health

Metric RS STLD Steel median
Debt to equity 0.22 0.45 0.22
Current ratio 4.30 3.18 2.58
Net debt to EBITDA 0.93 1.70 0.10

Dividend

Metric RS STLD Steel median
Dividend yield 1.31% 1.44% 2.48%
Payout ratio 0.15 0.09 0.04

Size

Metric RS STLD Steel median
Market cap 19.70b 33.71b 1.46b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack