Audited annual filings, TTM ratios and consensus forward estimates
Wall Street price targets and rating actions
Revenue disaggregation per 10-K filing
Annual filings (FY) with consensus forward estimates (hatched)
1255 daily bars · split adjusted
Current price $244.66
Latest analyst grade actions
| Date | Firm | Action | Previous | New grade |
|---|---|---|---|---|
Free float vs. closely held shares
13F institutional holdings are not available in the current data plan.
SEC Form 4 filings
| Date | Insider | Role | Type | Shares @ price | Value |
|---|---|---|---|---|---|
| Oct 9, 26 | Sierra Luis Manuel | director | A-Award | 7 | — |
Daily · Wilder smoothing
| Oct 21, 26 |
| Wells Fargo |
| maintain |
| Overweight |
| Overweight |
| Oct 19, 26 | Barclays | maintain | Overweight | Overweight |
| Oct 9, 26 | JP Morgan | maintain | Neutral | Neutral |
| Sep 18, 26 | JP Morgan | maintain | Neutral | Neutral |
| Sep 18, 26 | Wells Fargo | maintain | Overweight | Overweight |
| Sep 9, 26 | JP Morgan | maintain | Neutral | Neutral |
| Aug 24, 26 | Wells Fargo | maintain | Overweight | Overweight |
| Aug 10, 26 | UBS | maintain | Neutral | Neutral |
| Jul 22, 26 | JP Morgan | maintain | Neutral | Neutral |
| Oct 9, 26 |
| Seaman Bradley S |
| director |
| A-Award |
| 105 |
| — |
| Oct 9, 26 | Hamann Jennifer L | director | A-Award | 18 | — |
| Oct 9, 26 | Dolan Traci M | director | A-Award | 97 | — |
| Oct 9, 26 | Cornew Kenneth W. | director | A-Award | 2 | — |
| Oct 9, 26 | Bargabos Sheree L | director | A-Award | 40 | — |
| Aug 13, 26 | Hamann Jennifer L | director | A-Award | 72 | — |
| Jul 28, 26 | Millett Mark D | director, officer: Chairman and CEO | G-Gift | 300 | — |
Classic floor pivots from 2026-10-23
Computed from daily OHLCV bars
| Indicator | Value | Type | Action |
|---|---|---|---|
| RSI (14) | 55.79 | Oscillator | Neutral |
| Stochastic %K (14, 3, 3) | 73.57 | Oscillator | Neutral |
| Williams %R (14) | -23.38 | Oscillator | Neutral |
| MACD (12, 26, 9) | 2.11 (Hist 0.96) | Oscillator | Strong Buy |
| Average Directional Index (14) | 11.11 (+DI 20.1 / -DI 24.8) | Trend | Neutral |
| EMA 20 | 239.96 | MA | Buy |
| SMA 20 | 237.21 | MA | Strong Buy |
| EMA 50 | 239.31 | MA | Buy |
| SMA 50 | 237.47 | MA | Strong Buy |
| SMA 200 | 221.95 | MA | Strong Buy |
Stock news · updated daily
U.S. steelmakers are rallying while the fund built to track the global industry slips, and Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) stock is out front by a wide margin. Cleveland-Cliffs stock is at $14.
Wall Street set a high bar for Steel Dynamics' NASDAQ: STLD latest earnings report, but the company's strong growth and improving profitability could still propel its stock to fresh highs.
A multitude of often-conflicting factors make the domestic steel industry a complex environment, with some steel companies navigating it more successfully than others. Following their Q3 earnings reports, two industry leaders—Steel Dynamics Inc. NASDAQ: STLD and Cleveland-Cliffs Inc. NYSE: CLF—are showing how higher domestic prices are competing against elevated financing costs, inflation, and uneven demand.
Steel Dynamics achieved record quarterly steel shipments of 3.8 million tons. Company steel mills operated at 92% utilization in the third quarter.
Steel Dynamics, Inc. ( STLD ) Q3 2026 Earnings Call October 20, 2026 11:00 AM EDT Company Participants David Lipschitz - Investor Relations Director Mark Millett - Co-Founder, Chairman & CEO Theresa Wagler - Executive VP, CFO, Company Secretary & Director Conference Call Participants Nicklaus Cash - Goldman Sachs Group, Inc., Research Division Alexander Hacking - Citigroup Inc., Research Division Katja Jancic - BMO Capital Markets Equity Research Carlos de Alba - Morgan Stanley, Research Division Lawson Winder - BofA Securities, Research Division Albert Realini - Jefferies LLC, Research Division Tristan Gresser - BNP Paribas, Research Division Timna Tanners - Wells Fargo Securities, LLC, Research Division Samuel McKinney - KeyBanc Capital Markets Inc., Research Division William Peterson - JPMorgan Chase & Co, Research Division John Tumazos - John Tumazos Very Independent Research, LLC Presentation Operator Good day, and welcome to the Steel Dynamics Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that this call is being recorded today, October 20, 2026, and your participation implies consent to our recording this call.
Steel Dynamics NASDAQ: STLD reported third-quarter 2026 net income of $756 million, or $5.26 per diluted share, as record steel shipments and higher realized steel prices lifted results from the prior quarter. The company generated $6.5 billion in revenue, operating income of just over $1 billion and adjusted EBITDA of $1.2 billion.
Steel Dynamics' Q3 2026 earnings surge 92% as record steel shipments and higher prices fuel sales growth.
Stock futures are moving lower with tech pressuring the Nasdaq-100 (NDX) down triple digits as memory stocks take a hit
Reported EPS vs. consensus estimate
| Report date | EPS est. | EPS actual | Surprise | Revenue |
|---|---|---|---|---|
| Oct 19, 2026 | 5.48 | 5.26 | Miss -4.0% | $6.51B |
| Jul 20, 2026 | 3.63 | 3.69 | Beat 1.7% | $6.09B |
| Apr 22, 2026 | 2.84 | 2.78 | Miss -2.1% | $5.20B |
| Jan 26, 2026 | 1.70 | 1.82 | Beat 7.1% | $4.41B |
| Oct 20, 2025 | 2.63 | 2.74 | Beat 4.2% | $4.83B |
| Jul 21, 2025 | 2.24 | 2.01 | Miss -10.3% | $4.57B |
SEC EDGAR filings · last 12 months
| Form | Filed | Accepted | Document |
|---|---|---|---|
| 8-K | Oct 20, 2026 | 2026-10-20 09:30:19 | View |
| 8-K | Oct 19, 2026 | 2026-10-19 16:20:49 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:51:36 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:51:18 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:50:56 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:50:41 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:50:14 | View |
| 4 | Oct 9, 2026 | 2026-10-09 15:49:57 | View |
| 8-K | Sep 18, 2026 | 2026-09-18 09:47:31 | View |
| 8-K/A | Aug 18, 2026 | 2026-08-18 16:52:11 | View |
Proxy statement (DEF 14A) disclosures
TTM vs. 5-year historical average (annual ratios)
| Metric | STLD | Historical (5Y) / ref | Status |
|---|---|---|---|
| P/E ratio (TTM) | 18.0x | 9.9x · sector 16.6x | In line |
| Forward P/E (FY26E) | 13.8x | EPS est. 17.71 | Discount |
| Price / Book | 3.6x | 2.2x | Elevated |
| Price / Sales | 1.6x | 1.0x | Elevated |
| EV / EBITDA | 11.0x | 6.8x | Elevated |
| Return on equity | 21.0% | — | Top tier |
| Gross margin | 15.8% | 21.4% | Below hist. |
| Debt / Equity | 0.43 | 0.41 | Conservative |
| Piotroski / Altman Z | 7/9 | Z 6.05 | Safe zone |
Discounted cash flow model
FY2025 · 10-K disclosure
FY2025 · 10-K disclosure