Steel Dynamics price to free cash flow STLD

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 36.2×
10-year median: 11.9×
Against its 10-year history: 87th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.3× to 95.0×
Peer median: 38.9×

Steel Dynamics' price to free cash flow is 36.2× as of Oct 23, 2026.

That is above its ten-year median of 11.9×, higher than on 87% of days in the last ten years.

Over that time it ranged from 4.3× in Mar 2020 to 95.0× in Feb 2026.

The median for 3 steel stocks of a similar size is 38.9×.

Price to free cash flow over time

median 11.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	36.2×	34.3×	95.0×
2025	82.4×	39.8×	82.4×
2024	40.8×	7.9×	52.3×
2023	8.3×	4.8×	8.7×
2022	5.2×	5.1×	28.9×
2021	26.0×	24.9×	35.7×
2020	31.7×	4.3×	33.6×
2019	6.6×	4.8×	9.9×
2018	7.6×	7.6×	23.8×
2017	18.4×	10.0×	18.5×
2016	10.6×	4.2×	11.0×
2015	4.7×	4.2×	19.9×
2014	19.3×	15.1×	54.4×
2013	18.2×	13.9×	35.3×
2012	29.0×	7.4×	30.0×
2011	11.5×	9.9×	22.6×

Against its peers

Companies in Steel nearest Steel Dynamics' size, closest first, today.

Company	Price to free cash flow
STLDSteel Dynamics	36.2×
RSReliance Steel & Aluminum	39.3×
NUENucor	37.0×
CRSCarpenter Technology	38.9×
Peer median	38.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Steel Dynamics

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.