Steel Dynamics (STLD) vs Tenaris S.A. (TS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Steel Dynamics (STLD) has outperformed Tenaris S.A. (TS) over the past year, gaining 64.0% versus a gain of 52.7%. Over five years, STLD leads with a +279.6% price change compared with +141.8% for TS. Steel Dynamics is the larger company by market cap ($33.55 billion vs $28.06 billion), about 1.2 times the size.
On valuation, Steel Dynamics trades at a lower forward P/E (12.0x vs 13.1x for Tenaris S.A.). Tenaris S.A. offers the higher dividend yield (2.14% vs 0.88%). Tenaris S.A. converts more of its revenue into profit, with a net margin of 16.1% versus 6.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | STLD | TS |
|---|---|---|
| Share price | $234.09 | $55.58 |
| Market cap | $33.55B | $28.06B |
| 1-day change | -1.71% | -2.27% |
| YTD return | +38.15% | +44.58% |
| 1-year return | +64.01% | +52.72% |
| 5-year return | +279.60% | +141.80% |
| P/E ratio (TTM) | 21.22 | 14.82 |
| Forward P/E | 11.97 | 13.12 |
| EPS (TTM) | $11.03 | $3.75 |
| Dividend yield | 0.88% | 2.14% |
| Annual dividend | $2.06 | $1.19 |
| Revenue (latest FY) | $18.18B | $11.98B |
| Revenue growth (YoY) | +3.63% | -4.33% |
| Net income (latest FY) | $1.19B | $1.93B |
| Gross margin | 13.16% | 34.39% |
| Operating margin | 8.12% | 19.06% |
| Net margin | 6.52% | 16.13% |
| 52-week high | $288.74 | $64.60 |
| 52-week low | $140.87 | $33.65 |
| Distance from 52-week high | -18.93% | -13.96% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +15.75% | +16.57% |
| Average volume | 1.12M | 1.29M |
| Shares outstanding | 143.33M | 504.82M |
| Employees | 14,400 | 26,000 |
| Sector | Industrials | Industrials |
| Industry | Steel/Iron Ore | Steel/Iron Ore |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- STLD has outperformed TS by 11.3 percentage points over the past year.
- Steel Dynamics trades at a higher earnings multiple (21.2x vs 14.8x trailing P/E).
- Tenaris S.A. offers a meaningfully higher dividend yield (2.14% vs 0.88%).
- Tenaris S.A. is more profitable, keeping 16.1 cents of every revenue dollar as net income versus 6.5 cents for Steel Dynamics.
- Steel Dynamics grew revenue faster in its latest fiscal year (+3.63% vs -4.33%).
About Steel Dynamics
STLD stock →Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations.
Industrials · Steel/Iron Ore · 14,400 employees
About Tenaris S.A.
TS stock →Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure.
Industrials · Steel/Iron Ore · 26,000 employees
STLD vs TS FAQ
Which is bigger, Steel Dynamics or Tenaris S.A.?
Steel Dynamics (STLD) is larger, with a market capitalization of $33.55B compared with $28.06B for Tenaris S.A. (TS).
Which stock has performed better over the past year, STLD or TS?
STLD returned +64.01% over the past 12 months, compared with +52.72% for TS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, STLD or TS?
TS has the lower trailing P/E at 14.8, versus 21.2 for STLD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Steel Dynamics or Tenaris S.A.?
Tenaris S.A. has the higher yield at 2.14%, compared with 0.88% for Steel Dynamics.
Are Steel Dynamics and Tenaris S.A. in the same industry?
Yes. Both are classified in the Steel/Iron Ore industry within the Industrials sector.