Steel Dynamics (STLD) EV to CFO (2009 - 2026)
Steel Dynamics' EV to CFO came in at 20.47 for Q2 2026, up 75.0% from 11.70 a year earlier and up 17.7% from the prior quarter.
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Analysis
Steel Dynamics (STLD) EV to CFO (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Steel Dynamics reported EV to CFO of 18.98, up 102.2% year-over-year; for FY2025, it came in at 16.22, up 79.4% from FY2024.
- EV to CFO has increased in each of the last three years.
- Going back by year, EV to CFO was 9.04 in FY2024 (+91.9%), 4.71 in FY2023 (+45.6%), 3.23 in FY2022 (-35.6%) and 5.02 in FY2021 (-24.5%).
- The Q2 2026 figure represents the highest quarterly EV to CFO since Q1 2011.
- Year-over-year, EV to CFO has increased for 13 consecutive quarters, with growth averaging 74.2% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q4 2024 (growth of 91.9%), and the weakest in Q2 2022 (a decline of 66.6%).
- Business Quant data shows STLD's EV to CFO at 17.40 (Q1 2026), 16.22 (Q4 2025) and 12.76 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - |
| 10 | Steel Dynamics | 35.27 Bn | 32.34 Bn | 958.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.47 |
| Mar 31, 2026 | 17.40 |
| Dec 31, 2025 | 16.22 |
| Sep 30, 2025 | 12.76 |
| Jun 30, 2025 | 11.70 |
| Mar 31, 2025 | 10.75 |
| Dec 31, 2024 | 9.04 |
| Sep 30, 2024 | 7.39 |
| Jun 30, 2024 | 6.89 |
| Mar 31, 2024 | 6.85 |
| Dec 31, 2023 | 4.71 |
| Sep 30, 2023 | 3.96 |
| Jun 30, 2023 | 3.78 |
| Mar 31, 2023 | 3.82 |
| Dec 31, 2022 | 3.23 |
| Sep 30, 2022 | 2.55 |
| Jun 30, 2022 | 3.31 |
| Mar 31, 2022 | 5.37 |
| Dec 31, 2021 | 5.02 |
| Sep 30, 2021 | 6.66 |
API Access
Steel Dynamics EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();