Metal roof panels are often used on residential and commercial buildings. Steel panels subjected to hailstone impact are not sufficiently studied for their dent resistance. A finite element model (FEM) was used to analyze the entire experimental setup. For comparison with natural hailstones that remained intact after impact, artificial hailstones were launched onto different steel sheets based on their sizes and at different terminal velocities. The simulation approach and material properties are evaluated by comparing experimental results with the FE model. In addition, an equation for predicting dent depth using kinetic energy and stress is presented. The results of this study provide a better understanding of both hail and roof panel failure modes as well as their effect on dent resistance. In this study, the results of observations and numerical simulations were well matched with those of analytical models. As a result, the proposed equation overestimates dent depths compared with the ones determined by finite element models, whereas the ones found in the steel sheets are underestimated.