Steel Dynamics (STLD) EV to EBITDA (2009 - 2026)
Steel Dynamics' (STLD) EV to EBITDA came in at 12.03 for Q2 2026, up 18.8% from 10.12 a year earlier and up 10.8% from the prior quarter.
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Analysis
Steel Dynamics (STLD) EV to EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBITDA at Steel Dynamics was 11.15, up 37.3% year-over-year; for FY2025, it came in at 11.60, up 68.5% from FY2024.
- Annual EV to EBITDA has increased for four consecutive years.
- In prior years, Steel Dynamics' EV to EBITDA was 6.88 in FY2024 (+49.0%), 4.62 in FY2023 (+75.4%), 2.63 in FY2022 (+10.6%) and 2.38 in FY2021 (-57.5%).
- The Q2 2026 figure stands as the highest quarterly EV to EBITDA since Q1 2016.
- On a year-over-year basis, EV to EBITDA has increased in each of the last 15 quarters, with growth averaging 48.3% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2023, with growth of 134.2%; the weakest was Q2 2022, with a decline of 65.5%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 10.86 (Q1 2026), 11.60 (Q4 2025) and 10.05 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - |
| 2 | Southern Copper | 169.39 Bn | 148.17 Bn | 2.90 Bn |
| 3 | Rio Tinto | 142.77 Bn | 103.27 Bn | - |
| 4 | Newmont | 124.88 Bn | 92.89 Bn | 4.03 Bn |
| 5 | Freeport-Mcmoran | 99.24 Bn | 83.28 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 93.91 Bn | 83.54 Bn | 2.43 Bn |
| 7 | Barrick Mining | 69.26 Bn | 44.46 Bn | 2.90 Bn |
| 8 | Nucor | 59.52 Bn | 48.90 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 48.21 Bn | 27.24 Bn | - |
| 10 | Steel Dynamics | 35.00 Bn | 32.07 Bn | 958.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.03 |
| Mar 31, 2026 | 10.86 |
| Dec 31, 2025 | 11.60 |
| Sep 30, 2025 | 10.05 |
| Jun 30, 2025 | 10.12 |
| Mar 31, 2025 | 8.98 |
| Dec 31, 2024 | 6.88 |
| Sep 30, 2024 | 6.49 |
| Jun 30, 2024 | 6.21 |
| Mar 31, 2024 | 6.13 |
| Dec 31, 2023 | 4.62 |
| Sep 30, 2023 | 3.94 |
| Jun 30, 2023 | 3.68 |
| Mar 31, 2023 | 3.45 |
| Dec 31, 2022 | 2.63 |
| Sep 30, 2022 | 1.68 |
| Jun 30, 2022 | 1.69 |
| Mar 31, 2022 | 2.67 |
| Dec 31, 2021 | 2.38 |
| Sep 30, 2021 | 3.10 |
API Access
Steel Dynamics EV to EBITDA 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-ebitda&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();