Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tristan Gresser | BNP Paribas | 15 questions · 0% challenging |
| Bill Peterson | JPMorgan | 11 questions · 0% challenging |
| Lawson Winder | Bank of America | 10 questions · 0% challenging |
| Timna Tanners | Wells Fargo | 9 questions · 11% challenging |
| Carlos De Alba | Morgan Stanley | 8 questions · 0% challenging |
| Phil Gibbs | KeyBanc Capital Markets | 7 questions · 0% challenging |
| Katja Jancic | BMO Capital Markets | 7 questions · 0% challenging |
| John Tumazos | Very Independent Research | 7 questions · 0% challenging |
| Andrew Jones | UBS | 6 questions · 0% challenging |
| Alex Hacking | Citigroup | 4 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| BNP Paribas | 1 analyst | 15 questions · 0% challenging |
| JPMorgan | 1 analyst | 11 questions · 0% challenging |
| Bank of America | 1 analyst | 10 questions · 0% challenging |
| KeyBanc Capital Markets | 2 analysts | 10 questions · 10% challenging |
| Wells Fargo | 1 analyst | 9 questions · 11% challenging |
| Morgan Stanley | 1 analyst | 8 questions · 0% challenging |
| BMO Capital Markets | 1 analyst | 7 questions · 0% challenging |
| Very Independent Research | 1 analyst | 7 questions · 0% challenging |
Reporting soon: earnings call Monday, Oct 19
A pre-earnings brief is ready for STLD: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
No 8-K events recorded for this window.
Steel Dynamics delivered a strong start to 2026 with record steel shipments, revenue up 19.1% to $5.2 billion, and EPS surging 93.1% to $2.78 as higher realized pricing and record volumes converged. EBITDA reached $700 million as value-add coated lines ran at full capacity and long products and fabrication demand strengthened. An aluminum startup setback in January was resolved while certifications accelerated and the CASH coating line became operational, positioning the diversification thesis to deliver through-cycle earnings.
Margin | Product Launch | Demand | Capital Allocation | Supply Chain | Capex Investment | Trade Tariffs | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 5 | 1 | 3 | 2 | 2 | 1 | |
| 2025Q1 | 4 | 1 | 3 | 3 | 2 | 1 | 3 | 1 |
| 2025Q2 | 7 | 5 | 5 | 3 | 4 | 2 | ||
| 2025Q3 | 4 | 4 | 6 | 3 | 2 | 5 | 1 | 3 |
| 2025Q4 | 3 | 5 | 1 | 4 | 2 | 1 | 1 | |
| 2026Q1 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Margin | 3 | 4 | 7 | 4 | 3 | 2 |
| Product Launch | 5 | 1 | 5 | 4 | 5 | 2 |
| Demand | 1 | 3 | 5 | 6 | 1 | 2 |
| Capital Allocation | 3 | 3 | 3 | 4 | 2 | |
| Supply Chain | 2 | 2 | 3 | 2 | 2 | 1 |
| Capex Investment | 2 | 1 | 5 | 1 | 2 | |
| Trade Tariffs | 1 | 3 | 4 | 1 | 2 | |
| Competitive Dynamics | 1 | 2 | 3 | 1 | 4 |
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.87B | -8.5% | $1.36 | -47.9% | 11.4% | 6.1% | 5.4% | $-106M |
| FY2025 Q1 | $4.37B | -6.9% | $1.44 | -60.8% | 11.1% | 6.3% | 5.0% | $-153M |
| FY2025 Q2 | $4.57B | -1.5% | $2.00 | -26.5% | 13.5% | 8.4% | 6.5% | $13M |
| FY2025 Q3 | $4.83B | +11.2% | $2.74 | +33.7% | 15.7% | 10.5% | 8.4% | $557M |
| FY2025 Q4 | $4.41B | +14.0% | $1.82 | +33.8% | 11.8% | 7.0% | 6.0% | $84M |
| FY2026 Q1Selected | $5.20B | +19.1% | $2.78 | +93.1% | 14.7% | 11.3% | 7.8% | $10M |
| FY2026 Q2 | $6.09B | +33.4% | $3.69 | +84.5% | 15.7% | 12.6% | 8.8% | $304M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 21, 2026
FY2026 Q1 in brief
Steel Dynamics delivered a strong start to 2026 with record steel shipments, revenue up 19.1% to $5.2 billion, and EPS surging 93.1% to $2.78 as higher realized pricing and record volumes converged.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +19.1% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Steel Dynamics (STLD), FY2026 Q1: 9/10. Scores: Steel Dynamics’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: STLD daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What STLD and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Second, regarding BlueScope—what is the situation at the moment? Are discussions ongoing?”
STLD made a joint best-and-final offer for BlueScope that was rejected, with no constructive engagement from the company since February.
“With Nucor’s entry there, the plate market is well served.”
Steel Dynamics notes Nucor's entry into steel plate means that market is already well served, so STLD is not pursuing plate.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
STLD Steel Dynamics | 9 | +19.1% | |
| NUE Nucor | 9 | +21.3% |