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Steel Dynamics, Inc.(STLD)Earnings, Financials & Key Ratios
STLD•NASDAQ
$237.46
$34.4B mkt cap·29.7× P/E·Price updated May 6, 2026
AboutSteel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.Show more
- Revenue$18.18B+3.6%
- EBITDA$2.03B-16.3%
- Net Income$1.19B-22.9%
- EPS (Diluted)7.99-18.8%
- Gross Margin13.01%-18.6%
- EBITDA Margin11.15%-19.2%
- Operating Margin8.12%-26.7%
- Net Margin6.52%-25.6%
- ROE13.26%-23.3%
- ROIC9.2%-29.9%
- Debt/Equity0.47+26.1%
- Interest Coverage22.32-38.3%
STLD Key Insights
Steel Dynamics, Inc. (STLD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 16.6%
- ✓15 consecutive years of dividend growth
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 13.6%
- ✓Good 3Y average ROE of 19.8%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
STLD Price & Volume
Steel Dynamics, Inc. (STLD) stock price & volume — 10-year historical chart
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STLD Growth Metrics
Steel Dynamics, Inc. (STLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.12%
5 Years13.61%
3 Years-6.53%
TTM10.44%
Profit CAGR
10 Years-
5 Years16.57%
3 Years-32.54%
TTM17.23%
EPS CAGR
10 Years-
5 Years25.27%
3 Years-27.45%
TTM23.38%
Return on Capital
10 Years22.76%
5 Years28.82%
3 Years17.25%
Last Year10.9%
STLD Recent Earnings
Steel Dynamics, Inc. (STLD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 22, 2026EPS
$2.78
Est $2.83
-1.8%
Revenue
$5.2B
Est $5.1B
+2.1%
Q1 2026
Jan 26, 2026EPS
$1.82
Est $1.70
+7.1%
Revenue
$4.4B
Est $4.6B
-3.0%
Q4 2025
Oct 20, 2025EPS
$2.74
Est $2.63
+4.2%
Revenue
$4.8B
Est $4.8B
+1.3%
Q3 2025
Jul 21, 2025EPS
$2.01
Est $2.24
-10.3%
Revenue
$4.6B
Est $4.7B
-3.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $2.78vs $2.83-1.8% | $5.2Bvs $5.1B+2.1% |
| Q1 2026 | Jan 26, 2026 | $1.82vs $1.70+7.1% | $4.4Bvs $4.6B-3.0% |
| Q4 2025 | Oct 20, 2025 | $2.74vs $2.63+4.2% | $4.8Bvs $4.8B+1.3% |
| Q3 2025 | Jul 21, 2025 | $2.01vs $2.24-10.3% | $4.6Bvs $4.7B-3.2% |
Based on last 12 quarters of dataView full earnings history →
STLD Peer Comparison
Steel Dynamics, Inc. (STLD) competitors in Steelmakers (Integrated and Mini-Mill) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NUE | 52.86B | 232.07 | 30.86 | 5.73% | 6.82% | 10.58% | 0.32 | |
 RS | 19.01B | 372.04 | 26.61 | 3.32% | 5.43% | 11.17% | 2.64% | 0.28 |
 CMC | 7.75B | 69.79 | 94.31 | -1.61% | 5.46% | 10.15% | 4.03% | 0.32 |
 CLF | 6.07B | 10.65 | -3.55 | -3% | -7.94% | -23.38% | 1.15 | |
 WOR | 2.69B | 54.64 | 28.46 | -7.4% | 8.42% | 11.57% | 5.92% | 0.35 |
 ZEUS | 532.97M | 47.86 | 24.29 | -10.03% | 0.73% | 2.39% | 0.79% | 0.55 |
 MTUS | 804.56M | 19.28 | -674.13 | 6.85% | 0.24% | 0.42% | 0.02 | |
 SXC | 602.39M | 7.10 | -13.65 | -5.07% | -3.55% | -9.88% | 7.02% | 1.09 |
Compare STLD vs Peers
Steel Dynamics, Inc. (STLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
STLD Income Statement
Steel Dynamics, Inc. (STLD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 9.54B | 11.82B | 10.46B | 9.6B | 18.41B | 22.26B | 18.8B | 17.54B | 18.18B | 19.01B |
| Revenue Growth % | 22.65% | 23.93% | -11.48% | -8.25% | 91.73% | 20.92% | -15.57% | -6.68% | 3.63% | 10.44% |
| Cost of Goods Sold | 7.96B | 9.5B | 8.93B | 8.17B | 13.05B | 16.14B | 14.75B | 14.74B | 15.81B | 16.35B |
| COGS % of Revenue | 83.41% | 80.35% | 85.37% | 85.06% | 70.87% | 72.52% | 78.47% | 84.02% | 86.99% | - |
| Gross Profit | 1.58B▲ 0% | 2.32B▲ 46.8% | 1.53B▼ 34.1% | 1.43B▼ 6.3% | 5.36B▲ 273.8% | 6.12B▲ 14.1% | 4.05B▼ 33.9% | 2.8B▼ 30.7% | 2.36B▼ 15.6% | 2.66B▲ 0% |
| Gross Margin % | 16.59% | 19.65% | 14.63% | 14.94% | 29.13% | 27.48% | 21.53% | 15.98% | 13.01% | 14% |
| Gross Profit Growth % | 18.52% | 46.83% | -34.09% | -6.29% | 273.76% | 14.09% | -33.87% | -30.73% | -15.64% | - |
| Operating Expenses | 515.13M | 600.4M | 544.1M | 587.59M | 1.06B | 1.03B | 894.7M | 859.55M | 888.29M | 872.8M |
| OpEx % of Revenue | 5.4% | 5.08% | 5.2% | 6.12% | 5.77% | 4.61% | 4.76% | 4.9% | 4.89% | - |
| Selling, General & Admin | 394.63M | 416.64M | 436.5M | 477.45M | 643.98M | 545.62M | 588.62M | 664.12M | 888.29M | 785.92M |
| SG&A % of Revenue | 4.14% | 3.52% | 4.17% | 4.97% | 3.5% | 2.45% | 3.13% | 3.79% | 4.89% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 120.5M | 183.76M | 107.61M | 110.14M | 417.34M | 480.39M | 306.08M | 195.43M | 0 | 2M |
| Operating Income | 1.07B▲ 0% | 1.72B▲ 61.4% | 986.88M▼ 42.7% | 847.14M▼ 14.2% | 4.3B▲ 407.7% | 5.09B▲ 18.4% | 3.15B▼ 38.1% | 1.94B▼ 38.3% | 1.48B▼ 24.0% | 1.79B▲ 0% |
| Operating Margin % | 11.18% | 14.57% | 9.43% | 8.82% | 23.36% | 22.87% | 16.77% | 11.08% | 8.12% | 9.41% |
| Operating Income Growth % | 46.56% | 61.44% | -42.7% | -14.16% | 407.72% | 18.38% | -38.11% | -38.34% | -24.04% | - |
| EBITDA | 1.37B | 2.04B | 1.31B | 1.17B | 4.65B | 5.48B | 3.59B | 2.42B | 2.03B | 2.37B |
| EBITDA Margin % | 14.32% | 17.25% | 12.5% | 12.22% | 25.25% | 24.6% | 19.1% | 13.81% | 11.15% | 12.44% |
| EBITDA Growth % | 34.26% | 49.33% | -35.87% | -10.32% | 296.34% | 17.8% | -34.46% | -32.52% | -16.29% | 20.42% |
| D&A (Non-Cash Add-back) | 299M | 317.2M | 321.08M | 325.79M | 347.65M | 384.2M | 437.8M | 478.91M | 551.39M | 576.91M |
| EBIT | 1.07B | 1.75B | 1B | 800.36M | 4.27B | 5.11B | 3.3B | 2.04B | 1.56B | 1.86B |
| Net Interest Income | -134.4M | -126.62M | -127.1M | -94.88M | -57.21M | -91.54M | -76.48M | -56.35M | -70.04M | -91.15M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 134.4M | 126.62M | 127.1M | 94.88M | 57.21M | 91.54M | 76.48M | 56.35M | 70.04M | 91.15M |
| Other Income/Expense | -131.65M | -102.64M | -111.54M | -141.66M | -92.03M | -70.75M | 67.76M | 39.84M | 16.98M | 86.27M |
| Pretax Income | 935.24M▲ 0% | 1.62B▲ 73.2% | 875.34M▼ 46.0% | 705.48M▼ 19.4% | 4.21B▲ 496.6% | 5.02B▲ 19.3% | 3.22B▼ 35.9% | 1.98B▼ 38.4% | 1.49B▼ 24.7% | 1.88B▲ 0% |
| Pretax Margin % | 9.8% | 13.7% | 8.36% | 7.35% | 22.86% | 22.56% | 17.13% | 11.3% | 8.21% | 9.86% |
| Income Tax | 129.44M | 363.97M | 197.44M | 134.65M | 962.26M | 1.14B | 751.61M | 432.93M | 305.66M | 505.37M |
| Effective Tax Rate % | 13.84% | 22.47% | 22.56% | 19.09% | 22.86% | 22.74% | 23.35% | 21.83% | 20.47% | 26.95% |
| Net Income | 812.74M▲ 0% | 1.26B▲ 54.8% | 671.1M▼ 46.7% | 550.82M▼ 17.9% | 3.21B▲ 483.5% | 3.86B▲ 20.2% | 2.45B▼ 36.5% | 1.54B▼ 37.3% | 1.19B▼ 22.9% | 1.37B▲ 0% |
| Net Margin % | 8.52% | 10.64% | 6.41% | 5.74% | 17.46% | 17.35% | 13.04% | 8.76% | 6.52% | 7.22% |
| Net Income Growth % | 112.7% | 54.83% | -46.67% | -17.92% | 483.5% | 20.18% | -36.55% | -37.28% | -22.87% | 17.23% |
| Net Income (Continuing) | 805.8M | 1.26B | 677.9M | 570.83M | 3.25B | 3.88B | 2.47B | 1.55B | 1.19B | 1.37B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -45.27M | -47.84M | -10.98M | 3.06M | 15.53M | -34.55M | -27.14M | 10.96M | -26.77M | -31.46M |
| EPS (Diluted) | 3.36▲ 0% | 5.35▲ 59.2% | 3.04▼ 43.2% | 2.59▼ 14.8% | 15.56▲ 500.8% | 20.92▲ 34.4% | 14.64▼ 30.0% | 9.84▼ 32.8% | 7.99▼ 18.8% | 9.47▲ 0% |
| EPS Growth % | 115.38% | 59.23% | -43.18% | -14.8% | 500.77% | 34.45% | -30.02% | -32.79% | -18.8% | 23.38% |
| EPS (Basic) | 3.38 | 5.38 | 3.06 | 2.61 | 15.67 | 21.06 | 14.72 | 9.89 | 8.02 | - |
| Diluted Shares Outstanding | 241.78M | 235.19M | 220.75M | 212.34M | 206.62M | 184.62M | 167.43M | 156.14M | 148.4M | 144.8M |
| Basic Shares Outstanding | 240.13M | 233.92M | 219.64M | 211.14M | 205.12M | 183.39M | 166.55M | 155.42M | 147.81M | 144.8M |
| Dividend Payout Ratio | 17.91% | 13.42% | 29.84% | 37.99% | 6.63% | 6.14% | 11.07% | 18.39% | 24.56% | - |
STLD Balance Sheet
Steel Dynamics, Inc. (STLD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 3.51B | 4.03B | 4.25B | 4.26B | 6.9B | 7.64B | 6.79B | 5.43B | 6.48B | 6.8B |
| Cash & Short-Term Investments | 1.03B | 1.06B | 1.64B | 1.37B | 1.24B | 2.26B | 2.12B | 737.27M | 769.88M | 556.53M |
| Cash Only | 1.03B | 828.22M | 1.38B | 1.37B | 1.24B | 1.63B | 1.4B | 589.46M | 769.88M | 556.53M |
| Short-Term Investments | 0 | 228.78M | 262.17M | 0 | 0 | 628.22M | 721.21M | 147.81M | 0 | 0 |
| Accounts Receivable | 868.84M | 1.04B | 844.34M | 971.92M | 1.92B | 2.06B | 1.61B | 1.42B | 1.68B | 2.06B |
| Days Sales Outstanding | 33.25 | 32.23 | 29.45 | 36.95 | 38 | 33.71 | 31.23 | 29.49 | 33.79 | 34.57 |
| Inventory | 1.52B | 1.86B | 1.69B | 1.84B | 3.53B | 3.13B | 2.89B | 3.11B | 3.74B | 3.91B |
| Days Inventory Outstanding | 69.7 | 71.44 | 69.01 | 82.39 | 98.79 | 70.77 | 71.63 | 77.12 | 86.3 | 78.71 |
| Other Current Assets | 91.51M | 72.73M | 76.01M | 74.36M | 209.59M | 195.37M | 162.79M | 163.13M | 293.12M | 274.09M |
| Total Non-Current Assets | 3.35B | 3.67B | 4.02B | 5.01B | 5.63B | 6.52B | 8.12B | 9.5B | 9.93B | 9.93B |
| Property, Plant & Equipment | 2.68B | 2.95B | 3.14B | 4.11B | 4.75B | 5.37B | 6.73B | 8.12B | 8.57B | 8.55B |
| Fixed Asset Turnover | 3.56x | 4.01x | 3.34x | 2.34x | 3.87x | 4.14x | 2.79x | 2.16x | 2.12x | 2.23x |
| Goodwill | 386.89M | 429.64M | 452.92M | 457.23M | 453.83M | 502.07M | 477.47M | 477.47M | 477.47M | 477.47M |
| Intangible Assets | 256.91M | 270.33M | 327.9M | 324.58M | 295.35M | 267.51M | 257.76M | 227.23M | 331.29M | 323.49M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.3M |
| Other Non-Current Assets | 27.68M | 25.17M | 106.04M | 119.74M | 129.6M | 378.73M | 651.15M | 681.2M | 550.46M | 2.53B |
| Total Assets | 6.86B▲ 0% | 7.7B▲ 12.4% | 8.28B▲ 7.4% | 9.27B▲ 12.0% | 12.53B▲ 35.2% | 14.16B▲ 13.0% | 14.91B▲ 5.3% | 14.94B▲ 0.2% | 16.41B▲ 9.9% | 16.72B▲ 0% |
| Asset Turnover | 1.39x | 1.53x | 1.26x | 1.04x | 1.47x | 1.57x | 1.26x | 1.17x | 1.11x | 1.18x |
| Asset Growth % | 6.73% | 12.37% | 7.43% | 11.96% | 35.25% | 13% | 5.29% | 0.18% | 9.89% | 20.04% |
| Total Current Liabilities | 868.52M | 1.02B | 1.01B | 1.26B | 2.23B | 2.03B | 2.33B | 2.15B | 2.12B | 2.17B |
| Accounts Payable | 489.45M | 550.75M | 513.34M | 769.46M | 1.28B | 1.02B | 1.09B | 979.91M | 1.23B | 1.38B |
| Days Payables Outstanding | 22.45 | 21.16 | 20.97 | 34.39 | 35.83 | 23 | 26.93 | 24.27 | 28.42 | 28.2 |
| Short-Term Debt | 28.8M | 24.23M | 89.36M | 86.89M | 97.17M | 57.33M | 459.99M | 426.99M | 34.66M | 22.12M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.91M | 788.93M | 633.9M |
| Current Ratio | 4.04x | 3.96x | 4.22x | 3.38x | 3.10x | 3.76x | 2.91x | 2.53x | 3.06x | 3.06x |
| Quick Ratio | 2.29x | 2.13x | 2.55x | 1.92x | 1.51x | 2.22x | 1.67x | 1.08x | 1.29x | 1.29x |
| Cash Conversion Cycle | 80.49 | 82.5 | 77.48 | 84.95 | 100.96 | 81.48 | 75.93 | 82.34 | 91.66 | 85.08 |
| Total Non-Current Liabilities | 2.68B | 2.8B | 3.2B | 3.66B | 3.98B | 4.03B | 3.74B | 3.84B | 5.36B | 5.42B |
| Long-Term Debt | 2.35B | 2.35B | 2.64B | 3.02B | 3.01B | 3.01B | 2.61B | 2.8B | 4.18B | 4.18B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94.42M | 0 | 0 |
| Deferred Tax Liabilities | 305.95M | 435.84M | 484.17M | 536.29M | 854.9M | 889.1M | 944.77M | 902.19M | 997.45M | 4.1B |
| Other Non-Current Liabilities | 21.81M | 8.87M | 75.06M | 106.48M | 120.09M | 129.54M | 180.76M | 38.78M | 186.23M | 680.88M |
| Total Liabilities | 3.55B | 3.82B | 4.21B | 4.92B | 6.21B | 6.06B | 6.07B | 5.99B | 7.48B | 7.59B |
| Total Debt | 2.38B | 2.38B | 2.73B | 3.1B | 3.11B | 3.07B | 3.07B | 3.35B | 4.21B | 4.2B |
| Net Debt | 1.35B | 1.55B | 1.35B | 1.73B | 1.86B | 1.44B | 1.67B | 2.76B | 3.44B | 3.64B |
| Debt / Equity | 0.72x | 0.61x | 0.67x | 0.71x | 0.49x | 0.38x | 0.35x | 0.37x | 0.47x | 0.47x |
| Debt / EBITDA | 1.74x | 1.17x | 2.09x | 2.65x | 0.67x | 0.56x | 0.86x | 1.38x | 2.08x | 1.78x |
| Net Debt / EBITDA | 0.99x | 0.76x | 1.03x | 1.48x | 0.40x | 0.26x | 0.47x | 1.14x | 1.70x | 1.70x |
| Interest Coverage | 7.96x | 13.79x | 7.89x | 8.44x | 74.57x | 55.85x | 43.09x | 36.19x | 22.32x | 20.39x |
| Total Equity | 3.31B▲ 0% | 3.89B▲ 17.6% | 4.06B▲ 4.6% | 4.35B▲ 7.0% | 6.32B▲ 45.4% | 8.1B▲ 28.1% | 8.84B▲ 9.2% | 8.95B▲ 1.2% | 8.93B▼ 0.2% | 9.13B▲ 0% |
| Equity Growth % | 14.46% | 17.57% | 4.57% | 6.97% | 45.35% | 28.09% | 9.19% | 1.2% | -0.17% | -1% |
| Book Value per Share | 13.67 | 16.53 | 18.41 | 20.48 | 30.59 | 43.85 | 52.80 | 57.29 | 60.18 | 63.08 |
| Total Shareholders' Equity | 3.35B | 3.94B | 4.08B | 4.35B | 6.3B | 8.13B | 8.87B | 8.93B | 8.96B | 9.16B |
| Common Stock | 644K | 645K | 646K | 648K | 649K | 650K | 651K | 652K | 653K | 653K |
| Retained Earnings | 2.87B | 3.96B | 4.42B | 4.76B | 7.76B | 11.38B | 13.55B | 14.8B | 15.69B | 16.02B |
| Treasury Stock | -665.3M | -1.18B | -1.53B | -1.62B | -2.67B | -4.46B | -5.9B | -7.09B | -7.98B | -8.09B |
| Accumulated OCI | 0 | 301K | -7K | 1.9M | -2.09M | 889K | 421K | 0 | -598K | -858K |
| Minority Interest | -45.27M | -47.84M | -10.98M | 3.06M | 15.53M | -34.55M | -27.14M | 10.96M | -26.77M | -31.46M |
STLD Cash Flow Statement
Steel Dynamics, Inc. (STLD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 739.61M | 1.42B | 1.4B | 987.03M | 2.2B | 4.46B | 3.52B | 1.84B | 1.45B | 1.45B |
| Operating CF Margin % | 7.75% | 11.97% | 13.34% | 10.28% | 11.97% | 20.04% | 18.73% | 10.52% | 7.97% | - |
| Operating CF Growth % | -13.27% | 91.38% | -1.35% | -29.31% | 123.31% | 102.37% | -21.09% | -47.6% | -21.41% | -50.25% |
| Net Income | 805.8M | 1.26B | 677.9M | 570.83M | 3.25B | 3.88B | 2.45B | 1.55B | 1.19B | 1.37B |
| Depreciation & Amortization | 299M | 317.2M | 321.08M | 325.79M | 347.65M | 384.2M | 437.8M | 478.91M | 551.39M | 576.91M |
| Stock-Based Compensation | 36.2M | 43.32M | 47.63M | 55.6M | 57.72M | 59.24M | 61.74M | 66.59M | 0 | 31.51M |
| Deferred Taxes | -135.9M | 61.83M | 51.72M | 47.81M | 322.01M | 37.19M | 55.66M | -42.58M | 94.4M | 110.82M |
| Other Non-Cash Items | 14.07M | -1.25M | 1.41M | 50.38M | -3.24M | -1.79M | -3.27M | -5.51M | 60.49M | 28.3M |
| Working Capital Changes | -279.56M | -261.43M | 296.54M | -63.37M | -1.77B | 102.08M | 517.1M | -202.86M | -442.34M | -673.31M |
| Change in Receivables | -139.05M | -145.87M | 237.81M | -111.92M | -944.52M | -110.56M | 446.76M | 191.11M | -157.46M | -227.63M |
| Change in Inventory | -242.88M | -246.21M | 217.87M | -150.6M | -1.69B | 413.26M | 232.28M | -221.04M | -423.44M | -611.67M |
| Change in Payables | 96.06M | 37.9M | -86.44M | 182.51M | 557.74M | -289.04M | -30.15M | -67.36M | 206.84M | 115.15M |
| Cash from Investing | -139.1M | -895.26M | -576.69M | -993.26M | -999.42M | -1.88B | -1.97B | -1.3B | -974.96M | -935.26M |
| Capital Expenditures | -164.94M | -239.39M | -451.94M | -1.2B | -1.01B | -908.9M | -1.66B | -1.87B | -948.02M | -780.5M |
| CapEx % of Revenue | 1.73% | 2.02% | 4.32% | 12.48% | 5.47% | 4.08% | 8.82% | 10.65% | 5.22% | - |
| Acquisitions | -6.19M | -434M | -97.11M | -60.01M | 0 | -134.09M | 0 | 0 | -175.77M | -175.77M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 32.02M | 6.91M | 5.76M | 2.63M | 6.82M | 15.84M | -221.59M | -8.31M | 1.42M | 1.39M |
| Cash from Financing | -413.33M | -720.87M | -266.63M | -7.05M | -1.33B | -2.2B | -1.78B | -1.35B | -294.31M | -1.14B |
| Debt Issued (Net) | 10.13M | -9.88M | 309.81M | 345.83M | -5.45M | -42.22M | -1.89M | 158.86M | 985.82M | -487K |
| Equity Issued (Net) | -252.24M | -523.57M | -348.61M | -106.53M | -1.06B | -1.8B | -1.45B | -1.21B | -900.87M | -765.82M |
| Dividends Paid | -145.56M | -168.91M | -200.27M | -209.25M | -212.97M | -237.16M | -271.32M | -282.62M | -291.18M | -294.13M |
| Share Repurchases | -252.24M | -523.57M | -348.61M | -106.53M | -1.06B | -1.8B | -1.45B | -1.21B | -900.87M | -765.82M |
| Other Financing | -25.66M | -18.5M | -27.56M | -37.1M | -50.42M | -116.3M | -51.73M | -16.68M | -88.09M | -79.93M |
| Net Change in Cash | 187.17M▲ 0% | -200.66M▼ 207.2% | 552.97M▲ 375.6% | -13.28M▼ 102.4% | -124.75M▼ 839.8% | 384.55M▲ 408.2% | -227.46M▼ 159.1% | -811.45M▼ 256.8% | 180.41M▲ 122.2% | -630.55M▲ 0% |
| Free Cash Flow | 574.67M▲ 0% | 1.18B▲ 104.7% | 944.35M▼ 19.7% | -211.02M▼ 122.3% | 1.2B▲ 667.7% | 3.55B▲ 196.5% | 1.86B▼ 47.6% | -23.5M▼ 101.3% | 501.51M▲ 2233.8% | 664.75M▲ 0% |
| FCF Margin % | 6.02% | 9.95% | 9.02% | -2.2% | 6.51% | 15.95% | 9.91% | -0.13% | 2.76% | 3.5% |
| FCF Growth % | -12.21% | 104.65% | -19.7% | -122.35% | 667.66% | 196.48% | -47.57% | -101.26% | 2233.81% | 522.56% |
| FCF per Share | 2.38 | 5.00 | 4.28 | -0.99 | 5.80 | 19.24 | 11.12 | -0.15 | 3.38 | 3.38 |
| FCF Conversion (FCF/Net Income) | 0.91x | 1.12x | 2.08x | 1.79x | 0.69x | 1.15x | 1.44x | 1.20x | 1.22x | 0.48x |
| Interest Paid | 135.38M | 124.03M | 134.55M | 111.59M | 103.37M | 100.99M | 103.17M | 100.98M | 0 | 60.38M |
| Taxes Paid | 296.49M | 288.43M | 155.53M | 50.42M | 737.16M | 1.06B | 642.67M | 463.76M | 0 | 146.94M |
STLD Key Ratios
Steel Dynamics, Inc. (STLD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 26.24% | 34.99% | 16.88% | 13.09% | 60.25% | 53.59% | 28.94% | 17.29% | 13.26% | 15.29% |
| Return on Invested Capital (ROIC) | 17.66% | 25.59% | 13.64% | 11.05% | 45.23% | 43.1% | 23.58% | 13.12% | 9.2% | 9.2% |
| Gross Margin | 16.59% | 19.65% | 14.63% | 14.94% | 29.13% | 27.48% | 21.53% | 15.98% | 13.01% | 14% |
| Net Margin | 8.52% | 10.64% | 6.41% | 5.74% | 17.46% | 17.35% | 13.04% | 8.76% | 6.52% | 7.22% |
| Debt / Equity | 0.72x | 0.61x | 0.67x | 0.71x | 0.49x | 0.38x | 0.35x | 0.37x | 0.47x | 0.47x |
| Interest Coverage | 7.96x | 13.79x | 7.89x | 8.44x | 74.57x | 55.85x | 43.09x | 36.19x | 22.32x | 20.39x |
| FCF Conversion | 0.91x | 1.12x | 2.08x | 1.79x | 0.69x | 1.15x | 1.44x | 1.20x | 1.22x | 0.48x |
| Revenue Growth | 22.65% | 23.93% | -11.48% | -8.25% | 91.73% | 20.92% | -15.57% | -6.68% | 3.63% | 10.44% |
STLD SEC Filings & Documents
Steel Dynamics, Inc. (STLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
STLD Frequently Asked Questions
Steel Dynamics, Inc. (STLD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Steel Dynamics, Inc. (STLD) reported $19.01B in revenue for fiscal year 2025. This represents a 7427% increase from $252.6M in 1996.
Steel Dynamics, Inc. (STLD) grew revenue by 3.6% over the past year. Growth has been modest.
Yes, Steel Dynamics, Inc. (STLD) is profitable, generating $1.37B in net income for fiscal year 2025 (6.5% net margin).
Dividend & Returns
Yes, Steel Dynamics, Inc. (STLD) pays a dividend with a yield of 0.83%. This makes it attractive for income-focused investors.
Steel Dynamics, Inc. (STLD) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.
Steel Dynamics, Inc. (STLD) generated $664.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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