Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Steel Dynamics's shares outstanding for the quarter that ended in Mar. 2026 was 144 Mil.
Steel Dynamics's quarterly shares outstanding
declined
from Dec. 2025 (145 Mil) to Mar. 2026 (144 Mil).
It means Steel Dynamicsbought back shares from Dec. 2025 to Mar. 2026 .
Steel Dynamics's annual shares outstanding
declined
from Dec. 2024 (151 Mil) to Dec. 2025 (145 Mil).
It means Steel Dynamicsbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Steel Dynamics Shares Outstanding (EOP) Related Terms
Steel Dynamics Shares Outstanding (EOP) Historical Data
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The historical data trend for Steel Dynamics's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:SD5 vs RS, NUE, TX: Shares Outstanding (EOP) Comparison
For the Steel subindustry, Steel Dynamics's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steel Dynamics Shares Outstanding (EOP) vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 144 Mil mean?
Steel Dynamics (STU:SD5) has a Shares Outstanding (EOP) of 144 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Steel Dynamics and its competitors.
Is Steel Dynamics' Shares Outstanding (EOP) too high?
Steel Dynamics' current Shares Outstanding (EOP) is 144 Mil. Overall, Steel Dynamics has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Shares Outstanding (EOP) compare to RS and NUE?
Steel Dynamics' Shares Outstanding (EOP) of 144 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Steel company?
A good Shares Outstanding (EOP) depends on the Steel industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Steel Dynamics and its competitors. Steel Dynamics's current Shares Outstanding (EOP) is 144 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Steel Dynamics (STU:SD5) is currently considered Significantly Overvalued. The stock's GF Value™ is €137.47, compared to a current price of €192.45 — trading 40% above its estimated fair value. The current Shares Outstanding (EOP) is 144 Mil. Steel Dynamics' overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Steel Dynamics (STU:SD5), the current Shares Outstanding (EOP) is 144 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steel Dynamics (STU:SD5) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of €192.45 is trading 40% above its estimated GF Value™ of €137.47.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for STU:SD5:
Shares Outstanding (EOP): 144 Mil
GF Value™: €137.47 vs. price of €192.45 (40% above fair value)
No single metric tells the full story. See the STU:SD5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
86GF Score
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