STEEL DYNAMICS INC
STLD · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · 144.2M shares · -7%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.4B (gross $1.5B, SBC $62M)
Reference price $267.35 · est. market cap ~$38.6B — last insider sale, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73Best-in-class diversified EAF steelmaker with strong through-cycle returns and balance sheet, in a cyclical earnings trough.
Strengths
- ROA 7.2% (84th pct) and ROE 13.2% (69th) with strong FCF ($501M, 84th) and liquidity (current ratio 3.0, cash 83rd)
- Low-cost circular model, ~70% value-added mix, vertically integrated recycling and growing aluminum platform
Risks
- Operating income down 24% and EPS down 23% on metal-spread compression; gross margin at cyclical low (12th pct)
- Exposure to steel overcapacity/imports, scrap price swings and aluminum ramp execution
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
13.2%
Operating margin
8.1%
Net margin
6.5%
Return on equity
13.2%
Return on assets
7.2%
ROIC
8.9%
Revenue growth (QoQ)
17.9%
Net-income growth
-22.9%
Debt / equity
0.5×
Net debt / EBITDA
1.7×
Current ratio
3.1×
Free cash flow
$502M
EBITDA
$2.0B
Tangible book value
$8.1B
Cash & investments
$770M
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Anderson James Stanley | Sell | 322 | $269.93 |
| 2026-06-05 | Anderson James Stanley | Sell | 4.2K | $268.42 |
| 2026-06-05 | Anderson James Stanley | Sell | 1.1K | $267.35 |
| 2026-06-05 | Anderson James Stanley | Sell | 4.4K | $269.22 |
| 2026-06-01 | BARGABOS SHEREE L | Grant | 712 | — |
| 2026-06-01 | Sierra Luis Manuel | Grant | 712 | — |
| 2026-06-01 | DOLAN TRACI M | Grant | 712 | — |
| 2026-06-01 | Hamann Jennifer L | Grant | 712 | — |
| 2026-06-01 | Seaman Bradley S | Grant | 712 | — |
| 2026-06-01 | Cornew Kenneth W. | Grant | 712 | — |
| 2026-05-14 | Poinsatte Richard A | Gift | 200 | — |
| 2026-05-13 | Graham Christopher A | Sell | 3.0K | $236.52 |
| 2026-05-13 | Graham Christopher A | Sell | 3.0K | $237.01 |
| 2026-05-13 | Graham Christopher A | Sell | 3.0K | $236.90 |
| 2026-05-12 | Poinsatte Richard A | Sell | 2.3K | $234.11 |
| 2026-05-06 | Hamann Jennifer L | Grant | 79 | — |
| 2026-05-06 | TEETS RICHARD P JR | Grant | 158 | — |
| 2026-05-06 | BARGABOS SHEREE L | Grant | 158 | — |
| 2026-05-01 | Bickford Chad | Tax withheld | 166 | $228.66 |
| 2026-04-23 | Cornew Kenneth W. | Sell | 200 | $225.39 |
| 2026-04-23 | Alvarez Miguel | Sell | 3.8K | $225.11 |
| 2026-04-23 | Alvarez Miguel | Sell | 300 | $226.36 |
| 2026-04-23 | Alvarez Miguel | Sell | 700 | $227.82 |
| 2026-04-23 | Cornew Kenneth W. | Sell | 4.8K | $224.85 |
| 2026-04-10 | TEETS RICHARD P JR | Grant | 9 | — |
| 2026-04-10 | Sierra Luis Manuel | Grant | 12 | — |
| 2026-04-10 | Shaheen Gabriel | Grant | 157 | — |
| 2026-04-10 | Seaman Bradley S | Grant | 129 | — |
| 2026-04-10 | Hamann Jennifer L | Grant | 16 | — |
| 2026-04-10 | DOLAN TRACI M | Grant | 120 | — |
| 2026-04-10 | Cornew Kenneth W. | Grant | 5 | — |
| 2026-04-10 | BARGABOS SHEREE L | Grant | 58 | — |
| 2026-03-13 | Poinsatte Richard A | Grant | 6.3K | — |
| 2026-03-13 | Poinsatte Richard A | Tax withheld | 2.7K | $182.19 |
| 2026-03-13 | Anderson James Stanley | Grant | 15K | — |
| 2026-03-13 | Anderson James Stanley | Tax withheld | 6.5K | $182.19 |
| 2026-03-13 | Alvarez Miguel | Grant | 16K | — |
| 2026-03-13 | Alvarez Miguel | Tax withheld | 7.2K | $182.19 |
| 2026-03-13 | SCHNEIDER BARRY | Grant | 27K | — |
| 2026-03-13 | SCHNEIDER BARRY | Tax withheld | 12K | $182.19 |
| 2026-03-13 | Graham Christopher A | Grant | 16K | — |
| 2026-03-13 | Graham Christopher A | Tax withheld | 7.2K | $182.19 |
| 2026-03-13 | Wagler Theresa E | Grant | 21K | — |
| 2026-03-13 | Wagler Theresa E | Tax withheld | 9.1K | $182.19 |
| 2026-03-13 | MILLETT MARK D | Grant | 46K | — |
| 2026-03-13 | MILLETT MARK D | Tax withheld | 21K | $182.19 |
| 2026-03-02 | SCHNEIDER BARRY | Tax withheld | 1.3K | $193.13 |
| 2026-02-24 | Wagler Theresa E | Tax withheld | 2.2K | $196.01 |
| 2026-02-24 | SCHNEIDER BARRY | Tax withheld | 1.6K | $196.01 |
| 2026-02-24 | MILLETT MARK D | Tax withheld | 5.2K | $196.01 |
| 2026-02-24 | Graham Christopher A | Tax withheld | 1.6K | $196.01 |
| 2026-02-24 | Anderson James Stanley | Tax withheld | 1.1K | $196.01 |
| 2026-02-24 | Alvarez Miguel | Tax withheld | 1.6K | $196.01 |
| 2026-02-23 | MILLETT MARK D | Tax withheld | 2.9K | $193.39 |
| 2026-02-23 | SCHNEIDER BARRY | Tax withheld | 1.3K | $193.39 |
| 2026-02-23 | Graham Christopher A | Tax withheld | 956 | $193.39 |
| 2026-02-23 | Graham Christopher A | Tax withheld | 958 | $193.39 |
| 2026-02-23 | Poinsatte Richard A | Tax withheld | 177 | $193.39 |
| 2026-02-23 | Anderson James Stanley | Tax withheld | 657 | $193.39 |
| 2026-02-23 | MILLETT MARK D | Tax withheld | 2.9K | $193.39 |
| 2026-02-23 | Anderson James Stanley | Tax withheld | 658 | $193.39 |
| 2026-02-23 | Wagler Theresa E | Tax withheld | 1.4K | $193.39 |
| 2026-02-23 | Alvarez Miguel | Tax withheld | 956 | $193.39 |
| 2026-02-23 | Alvarez Miguel | Tax withheld | 958 | $193.39 |
| 2026-02-23 | Wagler Theresa E | Tax withheld | 1.4K | $193.39 |
| 2026-02-20 | Bickford Chad | Grant | 3.4K | — |
| 2026-02-20 | Bell Matthew Lane | Grant | 776 | — |
| 2026-02-20 | Graham Christopher A | Grant | 4.2K | — |
| 2026-02-20 | SCHNEIDER BARRY | Grant | 5.8K | — |
| 2026-02-20 | Wagler Theresa E | Grant | 5.9K | — |
| 2026-02-20 | MILLETT MARK D | Grant | 13K | — |
| 2026-02-20 | Alvarez Miguel | Grant | 4.2K | — |
| 2026-02-20 | Poinsatte Richard A | Grant | 2.4K | — |
| 2026-02-20 | Anderson James Stanley | Grant | 4.2K | — |
| 2026-02-20 | BARGABOS SHEREE L | Grant | 197 | — |
| 2026-02-20 | TEETS RICHARD P JR | Grant | 197 | — |
| 2026-02-20 | Hamann Jennifer L | Grant | 99 | — |
| 2026-02-02 | Graham Christopher A | Tax withheld | 161 | $179.57 |
| 2026-02-02 | Graham Christopher A | Grant | 1.1K | — |
| 2026-02-02 | Bell Matthew Lane | Grant | 609 | — |
| 2026-02-02 | Bell Matthew Lane | Tax withheld | 58 | $179.57 |
| 2026-02-02 | Bickford Chad | Tax withheld | 287 | $179.57 |
| 2026-01-09 | Hamann Jennifer L | Grant | 15 | — |
| 2026-01-09 | DOLAN TRACI M | Grant | 125 | — |
| 2026-01-09 | Cornew Kenneth W. | Grant | 5 | — |
| 2026-01-09 | BARGABOS SHEREE L | Grant | 59 | — |
| 2026-01-09 | Pushis Glenn | Tax withheld | 1.1K | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 648 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 958 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 956 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 956 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 853 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 853 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 853 | $172.16 |
| 2026-01-09 | Pushis Glenn | Tax withheld | 956 | $172.16 |
| 2026-01-09 | TEETS RICHARD P JR | Grant | 9 | — |
| 2026-01-09 | Sierra Luis Manuel | Grant | 13 | — |
| 2026-01-09 | Shaheen Gabriel | Grant | 163 | — |
| 2026-01-09 | Seaman Bradley S | Grant | 135 | — |
| 2025-12-09 | DOLAN TRACI M | Gift | 2.0K | — |
| 2025-11-21 | Alvarez Miguel | Tax withheld | 205 | $153.11 |
| 2025-11-21 | Bell Matthew Lane | Grant | 341 | — |
| 2025-11-21 | Bell Matthew Lane | Tax withheld | 67 | $153.11 |
| 2025-11-21 | Pushis Glenn | Grant | 341 | — |
| 2025-11-21 | Pushis Glenn | Tax withheld | 149 | $153.11 |
| 2025-11-21 | Pushis Glenn | Tax withheld | 205 | $153.11 |
| 2025-11-21 | Pushis Glenn | Tax withheld | 159 | $153.11 |
| 2025-11-21 | Poinsatte Richard A | Grant | 341 | — |
| 2025-11-21 | Poinsatte Richard A | Tax withheld | 149 | $153.11 |
| 2025-11-21 | Poinsatte Richard A | Tax withheld | 205 | $153.11 |
| 2025-11-21 | Poinsatte Richard A | Tax withheld | 159 | $153.11 |
| 2025-11-21 | Graham Christopher A | Grant | 341 | — |
| 2025-11-21 | Graham Christopher A | Tax withheld | 149 | $153.11 |
| 2025-11-21 | Bickford Chad | Grant | 341 | — |
| 2025-11-21 | Bickford Chad | Tax withheld | 101 | $153.11 |
| 2025-11-21 | Anderson James Stanley | Grant | 341 | — |
| 2025-11-21 | Anderson James Stanley | Tax withheld | 149 | $153.11 |
| 2025-11-21 | Alvarez Miguel | Grant | 341 | — |
| 2025-11-21 | Wagler Theresa E | Grant | 455 | — |
| 2025-11-21 | Wagler Theresa E | Tax withheld | 273 | $153.11 |
| 2025-11-21 | SCHNEIDER BARRY | Grant | 569 | — |
| 2025-11-21 | SCHNEIDER BARRY | Tax withheld | 341 | $153.11 |
| 2025-11-21 | MILLETT MARK D | Grant | 569 | — |
| 2025-11-21 | MILLETT MARK D | Tax withheld | 253 | $153.11 |
| 2025-11-06 | BARGABOS SHEREE L | Grant | 244 | — |
| 2025-11-06 | Hamann Jennifer L | Grant | 122 | — |
| 2025-11-06 | TEETS RICHARD P JR | Grant | 244 | — |
| 2025-10-29 | Alvarez Miguel | Sell | 8.3K | $162.79 |
| 2025-10-10 | DOLAN TRACI M | Grant | 143 | — |
| 2025-10-10 | Shaheen Gabriel | Grant | 187 | — |
| 2025-10-10 | Seaman Bradley S | Grant | 155 | — |
| 2025-10-10 | BARGABOS SHEREE L | Grant | 67 | — |
| 2025-10-10 | Cornew Kenneth W. | Grant | 6 | — |
| 2025-10-10 | Hamann Jennifer L | Grant | 16 | — |
| 2025-10-10 | TEETS RICHARD P JR | Grant | 12 | — |
| 2025-10-10 | Sierra Luis Manuel | Grant | 16 | — |
| 2025-09-18 | TEETS RICHARD P JR | Gift | 73K | — |
| 2025-09-18 | TEETS RICHARD P JR | Gift | 73K | — |
| 2025-09-12 | Pushis Glenn | Option exercise | 1.3K | $42.83 |
| 2025-09-12 | Pushis Glenn | Disposition | 1.3K | $133.99 |
| 2025-08-14 | BARGABOS SHEREE L | Grant | 291 | — |
| 2025-08-14 | TEETS RICHARD P JR | Grant | 291 | — |
| 2025-08-14 | Hamann Jennifer L | Grant | 146 | — |
| 2025-07-30 | Graham Christopher A | Sell | 6.0K | $126.84 |
| 2025-07-30 | Graham Christopher A | Sell | 6.0K | $126.57 |
| 2025-07-11 | Hamann Jennifer L | Grant | 15 | — |
| 2025-07-11 | TEETS RICHARD P JR | Grant | 13 | — |
| 2025-07-11 | Sierra Luis Manuel | Grant | 18 | — |
| 2025-07-11 | Shaheen Gabriel | Grant | 201 | — |
| 2025-07-11 | Seaman Bradley S | Grant | 166 | — |
| 2025-07-11 | DOLAN TRACI M | Grant | 154 | — |
| 2025-07-11 | Cornew Kenneth W. | Grant | 6 | — |
| 2025-07-11 | BARGABOS SHEREE L | Grant | 69 | — |
| 2025-06-06 | Shaheen Gabriel | Sell | 1.3K | $134.11 |
| 2025-06-02 | Cornew Kenneth W. | Grant | 1.5K | — |
| 2025-06-02 | BARGABOS SHEREE L | Grant | 1.5K | — |
| 2025-06-02 | DOLAN TRACI M | Grant | 1.5K | — |
| 2025-06-02 | Hamann Jennifer L | Grant | 1.5K | — |
| 2025-06-02 | Seaman Bradley S | Grant | 1.5K | — |
| 2025-06-02 | Shaheen Gabriel | Grant | 1.5K | — |
| 2025-06-02 | Sierra Luis Manuel | Grant | 1.5K | — |
| 2025-06-02 | TEETS RICHARD P JR | Grant | 1.5K | — |
| 2025-05-20 | Alvarez Miguel | Sell | 7.5K | $135.26 |
| 2025-05-19 | MILLETT MARK D | Gift | 37K | — |
| 2025-05-09 | MILLETT MARK D | Gift | 500 | — |
| 2025-04-25 | Sierra Luis Manuel | Grant | 265 | — |
| 2025-04-25 | Hamann Jennifer L | Grant | 133 | — |
| 2025-04-11 | TEETS RICHARD P JR | Grant | 39 | — |
| 2025-04-11 | Sierra Luis Manuel | Grant | 21 | — |
| 2025-04-11 | Shaheen Gabriel | Grant | 232 | — |
| 2025-04-11 | Seaman Bradley S | Grant | 190 | — |
| 2025-04-11 | Hamann Jennifer L | Grant | 9 | — |
| 2025-04-11 | DOLAN TRACI M | Grant | 200 | — |
| 2025-04-11 | Cornew Kenneth W. | Grant | 6 | — |
| 2025-04-11 | BARGABOS SHEREE L | Grant | 78 | — |
| 2025-03-14 | SCHNEIDER BARRY | Grant | 30K | — |
| 2025-03-14 | Poinsatte Richard A | Grant | 4.7K | — |
| 2025-03-14 | Poinsatte Richard A | Tax withheld | 2.1K | $119.40 |
| 2025-03-14 | Anderson James Stanley | Grant | 18K | — |
| 2025-03-14 | Anderson James Stanley | Tax withheld | 8.0K | $119.40 |
| 2025-03-14 | SCHNEIDER BARRY | Tax withheld | 13K | $119.40 |
| 2025-03-14 | Pushis Glenn | Grant | 30K | — |
| 2025-03-14 | Pushis Glenn | Tax withheld | 13K | $119.40 |
| 2025-03-14 | Graham Christopher A | Grant | 28K | — |
| 2025-03-14 | Graham Christopher A | Tax withheld | 12K | $119.40 |
| 2025-03-14 | Wagler Theresa E | Grant | 36K | — |
| 2025-03-14 | Wagler Theresa E | Tax withheld | 16K | $119.40 |
| 2025-03-14 | MILLETT MARK D | Grant | 81K | — |
| 2025-03-14 | MILLETT MARK D | Tax withheld | 36K | $119.40 |
| 2025-03-14 | Alvarez Miguel | Grant | 28K | — |
| 2025-03-14 | Alvarez Miguel | Tax withheld | 12K | $119.40 |
| 2025-03-01 | SCHNEIDER BARRY | Tax withheld | 1.3K | $135.07 |
| 2025-02-25 | Anderson James Stanley | Tax withheld | 116 | $133.15 |
| 2025-02-25 | Graham Christopher A | Tax withheld | 660 | $133.15 |
| 2025-02-25 | MILLETT MARK D | Tax withheld | 3.9K | $133.15 |
| 2025-02-25 | SCHNEIDER BARRY | Tax withheld | 660 | $133.15 |
| 2025-02-25 | Alvarez Miguel | Tax withheld | 660 | $133.15 |
| 2025-02-25 | Pushis Glenn | Tax withheld | 660 | $133.15 |
| 2025-02-25 | Wagler Theresa E | Tax withheld | 1.4K | $133.15 |
| 2025-02-24 | MILLETT MARK D | Tax withheld | 5.2K | $130.71 |
| 2025-02-24 | Wagler Theresa E | Tax withheld | 2.2K | $130.71 |
| 2025-02-24 | SCHNEIDER BARRY | Tax withheld | 1.6K | $130.71 |
| 2025-02-24 | Pushis Glenn | Tax withheld | 1.6K | $130.71 |
| 2025-02-24 | Graham Christopher A | Tax withheld | 1.6K | $130.71 |
| 2025-02-24 | Anderson James Stanley | Tax withheld | 1.1K | $130.71 |
| 2025-02-24 | Alvarez Miguel | Tax withheld | 1.6K | $130.71 |
| 2025-02-22 | Anderson James Stanley | Tax withheld | 659 | $130.71 |
| 2025-02-22 | Pushis Glenn | Tax withheld | 959 | $130.71 |
| 2025-02-22 | MILLETT MARK D | Tax withheld | 2.9K | $130.71 |
| 2025-02-22 | Graham Christopher A | Tax withheld | 959 | $130.71 |
| 2025-02-22 | Alvarez Miguel | Tax withheld | 959 | $130.71 |
| 2025-02-22 | Wagler Theresa E | Tax withheld | 1.4K | $130.71 |
| 2025-02-21 | Hamann Jennifer L | Grant | 125 | — |
| 2025-02-21 | Sierra Luis Manuel | Grant | 250 | — |
| 2025-02-20 | Bickford Chad | Grant | 3.3K | — |
| 2025-02-20 | Poinsatte Richard A | Grant | 1.8K | — |
| 2025-02-20 | Anderson James Stanley | Grant | 5.8K | — |
| 2025-02-20 | Graham Christopher A | Grant | 5.8K | — |
| 2025-02-20 | Pushis Glenn | Grant | 5.8K | — |
| 2025-02-20 | SCHNEIDER BARRY | Grant | 8.1K | — |
| 2025-02-20 | Wagler Theresa E | Grant | 8.3K | — |
| 2025-02-20 | MILLETT MARK D | Grant | 18K | — |
| 2025-02-20 | Alvarez Miguel | Grant | 5.8K | — |
| 2025-02-11 | Pushis Glenn | Sell | 24K | $134.67 |
| 2025-02-03 | Bickford Chad | Grant | 497 | — |
| 2025-02-03 | Bickford Chad | Tax withheld | 285 | $128.20 |
| 2025-02-03 | Poinsatte Richard A | Tax withheld | 270 | $128.20 |
| 2025-01-10 | BARGABOS SHEREE L | Grant | 72 | — |
| 2025-01-10 | TEETS RICHARD P JR | Grant | 39 | — |
| 2025-01-10 | Sierra Luis Manuel | Grant | 19 | — |
| 2025-01-10 | Shaheen Gabriel | Grant | 213 | — |
| 2025-01-10 | Seaman Bradley S | Grant | 175 | — |
| 2025-01-10 | Hamann Jennifer L | Grant | 7 | — |
| 2025-01-10 | DOLAN TRACI M | Grant | 184 | — |
| 2025-01-10 | Cornew Kenneth W. | Grant | 5 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Reg FDExhibits | filing ↗ |
| 2026-05-08 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-04-21 | ResultsExhibits | filing ↗ |
| 2026-03-27 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-18 | Reg FDExhibits | filing ↗ |
| 2026-02-23 | OtherExhibits | filing ↗ |
| 2026-02-17 | Reg FDExhibits | filing ↗ |
| 2026-01-27 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001104659-26-075470 ↗ |
| 8-K | 2026-05-08 | 2026-05-06 | 0001104659-26-057616 ↗ |
| 10-Q | 2026-04-27 | 2026-03-31 | 0001104659-26-049415 ↗ |
| 8-K | 2026-04-21 | 2026-04-20 | 0001104659-26-045938 ↗ |
| 8-K | 2026-03-27 | 2026-03-25 | 0001104659-26-035891 ↗ |
| 8-K | 2026-03-18 | 2026-03-17 | 0001104659-26-030153 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001104659-26-021395 ↗ |
| 8-K | 2026-02-23 | 2026-02-20 | 0001104659-26-018398 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001104659-26-016583 ↗ |
| 8-K | 2026-01-27 | 2026-01-26 | 0001104659-26-006889 ↗ |
| 8-K | 2026-01-06 | 2026-01-05 | 0001104659-26-000833 ↗ |
| 8-K | 2025-12-23 | 2025-12-21 | 0001104659-25-124210 ↗ |