Valuation
26% of the score
68median 56
Steel Dynamics, Inc. is valued at 18.7x its operating profit, including debt: an ordinary multiple.
60x
50x
35x
25x
18x
12x
8x
18.7x
Full points at 8x or less, none from 60xfull points
STLDSteel Dynamics, Inc.
$230.28+73% 1Y
$230.28
$129.0452 weeks$282.76
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 72 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Steel Dynamics, Inc. scores higher than 79% of the 1,794 companies Ryufin scores.
Carried by valuation and return on capital, held back by return on new capital.
Basic Materials median 59 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time82
81
86
90
93
72
72
202020212022202320242025today
The biggest move was down 21 points from 2024 to 2025, mostly return on new capital.
Return on capital
18% of the score
93median 34
Over 7 years the business earned 21% a year after tax on the capital it uses.
2%
8%
15%
25%
21%
None at 2% or less, full points from 25%full points
7 years agolatest 9%
Return on new capital
16% of the score
0median 49
Over 6 years yearly profit fell by 5 cents for every dollar earned. New capital earned -13%, and 41% of profit went back into the business.
-5%
12%
-5.3%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
99median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 6.9% a year over 5 years: buybacks
1005%
-3%
-6.9%
0 pointsfull points
Assets against salesAssets grew 12% a year, sales 14%
9612%
-2%
-1.5%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of 10% is 0.65x its normal 15%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
0.6x
A trough earns points, a peak costs themfull points
10 years agonow 10%
Balance sheet
8% of the score
89median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA1.4x a year of EBITDA
794.5x
0.5x
1.4x
0 pointsfull points
Interest coverOperating profit covers interest 18x
1001.5x
12x
18.2x
0 pointsfull points
Earnings quality
6% of the score
79median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.31x profit over 3 years
1000.7x
1x
1.3x
1.3x
0 pointsfull points
AccrualsCash ran ahead of profit by 1.7% of assets
688%
0%
-8%
-1.7%
0 pointsfull points
Beneish M-score-2.40
69-1.50
-1.78
-2.22
-3.00
-2.40
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
On our screens:Stocks that buy back more than they dilute