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Held by 893 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $245.35 today, the market must believe free cash flow compounds 14.5%/yr for a decade (off $1.2B normalized FCF).
The market's 14.5% is more optimistic than its 9-yr track record.
2-stage DCF · 0.14B shares · net debt $3.4B
mean -0.3% · volatility σ 114% · implied rate exceeded in 2/7 yrs
Central path = implied 14.5%/yr growth; shaded band = ±1σ (114%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 58% of free cash flow, leaving room to grow it and fund buybacks. Last year: $291M dividends + $901M buybacks = $1.2B returned on $502M FCF.
9 consecutive years of dividend increases · 15%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $770M covers the $35M due within a year 22.2× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~1.7% on $4.2B of debt.
Cash of $770M fully covers short-term debt of $35M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 98th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 80.4 | 85.4 | 85.1 | 70.9 | 72.5 | 78.5 | 84.0 | 86.8 |
| Gross Profit | 19.6 | 14.6 | 14.9 | 29.1 | 27.5 | 21.5 | 16.0 | 13.2 |
| SG&A | 5.1 | — | — | 3.5 | 2.5 | 3.1 | 3.8 | 4.2 |
| Operating Income | 14.6 | 9.4 | 8.8 | 23.4 | 22.9 | 16.8 | 11.1 | 8.1 |
| Income Tax | 3.1 | 1.9 | 1.4 | 5.2 | 5.1 | 4.0 | 2.5 | 1.7 |
| Net Income | 10.6 | 6.5 | 5.9 | 17.5 | 17.4 | 13.0 | 8.8 | 6.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on STLD: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.18B 100.0% | $17.54B 100.0% | $18.80B 100.0% | $22.26B 100.0% | $18.41B 100.0% | $9.60B 100.0% | $10.46B 100.0% | $11.82B 100.0% | $9.54B 100.0% | $7.78B 100.0% |
| Cost of Revenue | $15.78B 86.8% | $14.74B 84.0% | $14.75B 78.5% | $16.14B 72.5% | $13.05B 70.9% | $8.17B 85.1% | $8.93B 85.4% | $9.50B 80.4% | $7.96B 83.4% | $6.44B 82.8% |
| Cost of Products | — | — | — | — | — | — | — | — | $7.96B 83.4% | $6.44B 82.8% |
| Gross Profit | $2.39B 13.2% | $2.80B 16.0% | $4.05B 21.5% | $6.12B 27.5% | $5.36B 29.1% | $1.43B 14.9% | $1.53B 14.6% | $2.32B 19.6% | $1.58B 16.6% | $1.33B 17.2% |
| Selling, General & Admin | $765.3M 4.2% | $664.1M 3.8% | $588.6M 3.1% | $545.6M 2.5% | $644.0M 3.5% | — | — | $600.4M 5.1% | $515.1M 5.4% | $474.1M 6.1% |
| Operating Income | $1.48B 8.1% | $1.94B 11.1% | $3.15B 16.8% | $5.09B 22.9% | $4.30B 23.4% | $847.1M 8.8% | $986.9M 9.4% | $1.72B 14.6% | $1.07B 11.2% | $728.0M 9.4% |
| Interest Expense | $70.0M 0.4% | $56.3M 0.3% | $76.5M 0.4% | $91.5M 0.4% | $57.2M 0.3% | $94.9M 1.0% | $127.1M 1.2% | $126.6M 1.1% | $134.4M 1.4% | $146.0M 1.9% |
| Interest & Investment Income | $36.8M 0.2% | $90.1M 0.5% | $111.9M 0.6% | $29.3M 0.1% | — | — | — | — | — | — |
| Other Income (Expense), net | $87.0M 0.5% | $96.2M 0.5% | $144.2M 0.8% | $20.8M 0.1% | -$34.8M -0.2% | -$46.8M -0.5% | $15.6M 0.1% | $24.0M 0.2% | $2.8M 0.0% | -$17.8M -0.2% |
| Pretax Income | $1.49B 8.2% | $1.98B 11.3% | $3.22B 17.1% | $5.02B 22.6% | $4.21B 22.9% | $705.5M 7.3% | $875.3M 8.4% | $1.62B 13.7% | $935.2M 9.8% | $564.1M 7.3% |
| Income Tax Expense | $305.7M 1.7% | $432.9M 2.5% | $751.6M 4.0% | $1.14B 5.1% | $962.3M 5.2% | $134.7M 1.4% | $197.4M 1.9% | $364.0M 3.1% | $129.4M 1.4% | $204.1M 2.6% |
| Net Income | $1.19B 6.5% | $1.54B 8.8% | $2.45B 13.0% | $3.86B 17.4% | $3.21B 17.5% | $570.8M 5.9% | $677.9M 6.5% | $1.26B 10.6% | $805.8M 8.4% | $360.0M 4.6% |
| Per Share | ||||||||||
| EPS (Basic) | $8.02 | $9.89 | $14.72 | $21.06 | $15.67 | $2.61 | $3.06 | $5.38 | $3.38 | $1.57 |
| EPS (Diluted) | $7.99 | $9.84 | $14.64 | $20.92 | $15.56 | $2.59 | $3.04 | $5.35 | $3.36 | $1.56 |
| Weighted Avg Shares (Basic) | 147.8M | 155.4M | 166.6M | 183.4M | 205.1M | 211.1M | 219.6M | 233.9M | 240.1M | 243.6M |
| Weighted Avg Shares (Diluted) | 148.4M | 156.1M | 167.4M | 184.6M | 206.6M | 212.3M | 220.7M | 235.2M | 241.8M | 245.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $439.4B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $215.3B | 31.4× | 19.3× | 6.3× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $162.1B | 37.4× | 20.9× | 12.1× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.8B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $116.5B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $101.8B | — | 12.3× | 3.9× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $100.7B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.5B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $76.6B | 37.3× | 22.5× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $73.2B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $69.1B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.7B | — | 90.0× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $61.6B | — | — | — | — | — | — | — | — | — | 537 |
| NUE | $61.2B | 35.3× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $57.2B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.6B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $51.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $51.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $35.6B | 30.7× | 19.2× | 2.0× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $34.2B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.3× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $29.8B | 26.3× | 16.9× | 4.8× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.6B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
Peers = companies sharing STLD's sector (Basic Materials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.