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Steel Dynamics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Steel Dynamics and similar public comparables like China Coal Energy, Teck Resources, Coal India, Tata Steel and more.
Steel Dynamics Overview
About Steel Dynamics
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
Founded
1993
HQ
Employees
13.0K
Website
Sectors
Financials (LTM)
EV
$32B
Steel Dynamics Financials
Steel Dynamics reported last 12-month revenue of $19B and EBITDA of $3B.
In the same LTM period, Steel Dynamics generated $3B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Steel Dynamics P&L
In the most recent fiscal year, Steel Dynamics reported revenue of $18B and EBITDA of $2B.
Steel Dynamics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $19B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 16% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Steel Dynamics Stock Performance
Steel Dynamics has current market cap of $29B, and enterprise value of $32B.
Market Cap Evolution
Steel Dynamics' stock price is $200.32.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32B | $29B | 0.0% | XXX | XXX | XXX | $8.19 |
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Start Free TrialSteel Dynamics Valuation Multiples
Steel Dynamics trades at 1.7x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
Steel Dynamics Financial Valuation Multiples
As of April 20, 2026, Steel Dynamics has market cap of $29B and EV of $32B.
Equity research analysts estimate Steel Dynamics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Steel Dynamics has a P/E ratio of 20.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV (current) | $32B | XXX | $32B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 15.1x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 20.3x | XXX | XXX | XXX |
| EV/Gross Profit | 10.8x | XXX | 13.6x | XXX | XXX | XXX |
| P/E | 20.2x | XXX | 24.5x | XXX | XXX | XXX |
| EV/FCF | 31.5x | XXX | 55.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Steel Dynamics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Steel Dynamics Margins & Growth Rates
Steel Dynamics' revenue in the last 12 month grew by 13%.
Steel Dynamics' revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.1M for the same period.
Steel Dynamics' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Steel Dynamics' rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Steel Dynamics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 38% | XXX | 57% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Steel Dynamics Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Steel Dynamics | XXX | XXX | XXX | XXX | XXX | XXX |
| China Coal Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Teck Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Coal India | XXX | XXX | XXX | XXX | XXX | XXX |
| Tata Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Hindustan Zinc | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Steel Dynamics M&A Activity
Steel Dynamics acquired XXX companies to date.
Last acquisition by Steel Dynamics was on XXXXXXXX, XXXXX. Steel Dynamics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Steel Dynamics
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSteel Dynamics Investment Activity
Steel Dynamics invested in XXX companies to date.
Steel Dynamics made its latest investment on XXXXXXXX, XXXXX. Steel Dynamics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Steel Dynamics
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Steel Dynamics
| When was Steel Dynamics founded? | Steel Dynamics was founded in 1993. |
| Where is Steel Dynamics headquartered? | Steel Dynamics is headquartered in United States. |
| How many employees does Steel Dynamics have? | As of today, Steel Dynamics has over 13K employees. |
| Who is the CEO of Steel Dynamics? | Steel Dynamics' CEO is Mark D. Millett. |
| Is Steel Dynamics publicly listed? | Yes, Steel Dynamics is a public company listed on Nasdaq. |
| What is the stock symbol of Steel Dynamics? | Steel Dynamics trades under STLD ticker. |
| When did Steel Dynamics go public? | Steel Dynamics went public in 1996. |
| Who are competitors of Steel Dynamics? | Steel Dynamics main competitors are China Coal Energy, Teck Resources, Coal India, Tata Steel. |
| What is the current market cap of Steel Dynamics? | Steel Dynamics' current market cap is $29B. |
| What is the current revenue of Steel Dynamics? | Steel Dynamics' last 12 months revenue is $19B. |
| What is the current revenue growth of Steel Dynamics? | Steel Dynamics revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Steel Dynamics? | Current revenue multiple of Steel Dynamics is 1.7x. |
| Is Steel Dynamics profitable? | Yes, Steel Dynamics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Steel Dynamics? | Steel Dynamics' last 12 months EBITDA is $3B. |
| What is Steel Dynamics' EBITDA margin? | Steel Dynamics' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Steel Dynamics? | Current EBITDA multiple of Steel Dynamics is 12.9x. |
| What is the current FCF of Steel Dynamics? | Steel Dynamics' last 12 months FCF is $1B. |
| What is Steel Dynamics' FCF margin? | Steel Dynamics' last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Steel Dynamics? | Current FCF multiple of Steel Dynamics is 31.5x. |
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