STLD vs. EXP

Last updated Apr 1, 2026

Compare and contrast key facts about Steel Dynamics, Inc. (STLD) and Eagle Materials Inc. (EXP).

Performance

STLD vs. EXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Steel Dynamics, Inc. (STLD) and Eagle Materials Inc. (EXP). The values are adjusted to include any dividend payments, if applicable.

STLD vs. EXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STLD Steel Dynamics, Inc.	6.55%	50.70%	-1.99%	22.75%	60.14%	71.42%	12.46%	16.78%	-29.02%	23.34%
EXP Eagle Materials Inc.	-8.21%	-15.85%	22.13%	53.62%	-19.55%	65.07%	11.98%	49.23%	-45.88%	15.45%

Fundamentals

Market Cap STLD : $26.32B EXP : $6.14B
EPS STLD : $8.03 EXP : $19.31
PE Ratio STLD : 22.43 EXP : 9.81
PS Ratio STLD : 1.46 EXP : 2.69
PB Ratio STLD : 2.94 EXP : 4.11
Total Revenue (TTM) STLD : $18.18B EXP : $2.30B
Gross Profit (TTM) STLD : $2.38B EXP : $650.83M
EBITDA (TTM) STLD : $2.11B EXP : $562.85M

Returns By Period

In the year-to-date period, STLD achieves a 6.55% return, which is significantly higher than EXP's -8.21% return. Over the past 10 years, STLD has outperformed EXP with an annualized return of 25.35%, while EXP has yielded a comparatively lower 10.89% annualized return.

STLD

• 1D: 5.11%
• 1M: -6.51%
• YTD: 6.55%
• 6M: 29.88%
• 1Y: 45.86%
• 3Y*: 18.48%
• 5Y*: 30.71%
• 10Y*: 25.35%

EXP

• 1D: 4.38%
• 1M: -15.23%
• YTD: -8.21%
• 6M: -18.51%
• 1Y: -14.23%
• 3Y*: 9.40%
• 5Y*: 7.59%
• 10Y*: 10.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

STLD vs. EXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STLD

STLD Risk / Return Rank: 79
STLD Sharpe Ratio Rank: 80
STLD Sortino Ratio Rank: 77
STLD Omega Ratio Rank: 73
STLD Calmar Ratio Rank: 81
STLD Martin Ratio Rank: 85

EXP

EXP Risk / Return Rank: 23
EXP Sharpe Ratio Rank: 25
EXP Sortino Ratio Rank: 23
EXP Omega Ratio Rank: 24
EXP Calmar Ratio Rank: 26
EXP Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STLD vs. EXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Steel Dynamics, Inc. (STLD) and Eagle Materials Inc. (EXP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	STLD	EXP	Difference
Sharpe ratio Return per unit of total volatility	1.23	-0.39	+1.61
Sortino ratio Return per unit of downside risk	1.90	-0.33	+2.23
Omega ratio Gain probability vs. loss probability	1.23	0.96	+0.26
Calmar ratio Return relative to maximum drawdown	2.35	-0.49	+2.84
Martin ratio Return relative to average drawdown	7.63	-1.26	+8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STLD vs. EXP - Sharpe Ratio Comparison

The current STLD Sharpe Ratio is 1.23, which is higher than the EXP Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of STLD and EXP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	STLD	EXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	-0.39	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.23	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.30	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.37	-0.05

Correlation

The correlation between STLD and EXP is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

STLD vs. EXP - Dividend Comparison

STLD's dividend yield for the trailing twelve months is around 1.13%, more than EXP's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STLD Steel Dynamics, Inc.	1.13%	1.18%	1.61%	1.44%	1.39%	1.68%	2.71%	2.82%	2.50%	1.44%	1.57%	3.08%
EXP Eagle Materials Inc.	0.53%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%

Drawdowns

STLD vs. EXP - Drawdown Comparison

The maximum STLD drawdown since its inception was -87.05%, which is greater than EXP's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for STLD and EXP.

Drawdown Indicators

	STLD	EXP	Difference
Max Drawdown Largest peak-to-trough decline	-87.05%	-79.52%	-7.53%
Max Drawdown (1Y) Largest decline over 1 year	-20.33%	-28.31%	+7.98%
Max Drawdown (5Y) Largest decline over 5 years	-32.20%	-44.73%	+12.53%
Max Drawdown (10Y) Largest decline over 10 years	-68.46%	-63.78%	-4.68%
Current Drawdown Current decline from peak	-12.26%	-39.50%	+27.24%
Average Drawdown Average peak-to-trough decline	-33.48%	-23.94%	-9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	11.00%	-4.74%

Volatility

STLD vs. EXP - Volatility Comparison

Steel Dynamics, Inc. (STLD) and Eagle Materials Inc. (EXP) have volatilities of 11.06% and 10.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STLD	EXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.06%	10.96%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	24.29%	24.80%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	37.62%	37.00%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.01%	32.55%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.19%	35.88%	+3.31%

Financials

STLD vs. EXP - Profitability Comparison

The chart below illustrates the profitability comparison between Steel Dynamics, Inc. and Eagle Materials Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

STLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported a gross profit of 522.07M and revenue of 4.41B. Therefore, the gross margin over that period was 11.8%.

EXP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Eagle Materials Inc. reported a gross profit of 160.91M and revenue of 555.96M. Therefore, the gross margin over that period was 28.9%.

STLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported an operating income of 310.23M and revenue of 4.41B, resulting in an operating margin of 7.0%.

EXP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Eagle Materials Inc. reported an operating income of -339.48M and revenue of 555.96M, resulting in an operating margin of -61.1%.

STLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported a net income of 266.03M and revenue of 4.41B, resulting in a net margin of 6.0%.

EXP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Eagle Materials Inc. reported a net income of 302.77M and revenue of 555.96M, resulting in a net margin of 54.5%.