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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Steel Dynamics's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was €152 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was €652 Mil.
Steel Dynamics (MIL:1STLD) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Steel Dynamics Selling, General, & Admin. Expense Related Terms
Steel Dynamics Selling, General, & Admin. Expense Historical Data
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The historical data trend for Steel Dynamics's Selling, General, & Admin. Expense 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.
Steel Dynamics Selling, General, & Admin. Expense Chart
MIL:1STLD vs RS, NUE, TX: Selling, General, & Admin. Expense Comparison
For the Steel subindustry, Steel Dynamics's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Selling, General, & Admin. Expense falls into.
Steel Dynamics Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €652 Mil.
* 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.
What does a Selling, General, & Admin. Expense of €652 Mil mean?
Steel Dynamics (MIL:1STLD) has a Selling, General, & Admin. Expense of €652 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Steel Dynamics and its competitors.
Is Steel Dynamics' Selling, General, & Admin. Expense too high?
Steel Dynamics' current Selling, General, & Admin. Expense is €652 Mil. Overall, Steel Dynamics has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Selling, General, & Admin. Expense compare to RS and NUE?
Steel Dynamics' Selling, General, & Admin. Expense of €652 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 Selling, General, & Admin. Expense for a Steel company?
A good Selling, General, & Admin. Expense depends on the Steel industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Steel Dynamics and its competitors. Steel Dynamics's current Selling, General, & Admin. Expense is €652 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 (MIL:1STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is €141.18, compared to a current price of €204.60 — trading 44.9% above its estimated fair value. The current Selling, General, & Admin. Expense is €652 Mil. Steel Dynamics' overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Steel Dynamics (MIL:1STLD), the current Selling, General, & Admin. Expense is €652 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 (MIL:1STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of €204.60 is trading 44.9% above its estimated GF Value™ of €141.18.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for MIL:1STLD:
Selling, General, & Admin. Expense: €652 Mil
GF Value™: €141.18 vs. price of €204.60 (44.9% above fair value)
No single metric tells the full story. See the MIL:1STLD 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.
65GF Score
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