Steel Dynamics, Inc. (STLD) quarterly balance sheet — complete assets, liabilities & equity history
Steel Dynamics, Inc. (STLD) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 7.28B | 6.8B | 6.48B | 6.08B | 5.69B | 6.22B | 5.43B | 6.44B | 6.24B | 6.6B | 6.79B | 7.23B | 7.4B | 7.56B | 7.64B | 7.81B | 7.76B | 7.15B | 6.9B | 5.99B |
| Cash & Short-Term Investments | 567.71M | 556.53M | 769.88M | 770.36M | 497.63M | 1.21B | 737.27M | 1.66B | 1.25B | 1.69B | 2.12B | 2.27B | 2.09B | 2.32B | 2.26B | 2B | 1.36B | 1.19B | 1.24B | 1.1B |
| Cash Only | 567.71M | 556.53M | 769.88M | 770.36M | 458.05M | 1.19B | 589.46M | 1.02B | 829.98M | 1.04B | 1.4B | 1.77B | 1.48B | 1.6B | 1.63B | 1.42B | 1.01B | 1.19B | 1.24B | 1.1B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 39.58M | 19.64M | 147.81M | 645.34M | 418.37M | 653.25M | 721.21M | 500.84M | 611.7M | 714.77M | 628.22M | 583.21M | 351M | 0 | 0 | 0 |
| Accounts Receivable | 2.44B | 2.06B | 1.68B | 1.76B | 1.7B | 1.72B | 1.42B | 1.56B | 1.78B | 1.74B | 1.61B | 1.88B | 2.14B | 2.13B | 2.06B | 2.33B | 2.66B | 2.36B | 1.92B | 1.89B |
| Days Sales Outstanding | 33.61 | 32.33 | 35.9 | 32.99 | 34.1 | 32.32 | 35.43 | 35.39 | 34.52 | 32.45 | 37.93 | 40.36 | 38.23 | 38.47 | 41.84 | 40.65 | 36.8 | 34.58 | 32.99 | 31.31 |
| Inventory | 3.96B | 3.91B | 3.74B | 3.2B | 3.26B | 3.1B | 3.11B | 3.04B | 3.07B | 3.03B | 2.89B | 2.94B | 3.04B | 2.99B | 3.13B | 3.38B | 3.65B | 3.52B | 3.53B | 2.89B |
| Days Inventory Outstanding | 69.71 | 77.47 | 81.96 | 72.97 | 73.32 | 72.01 | 82.58 | 75.33 | 71.95 | 72.56 | 76.65 | 75.75 | 72.72 | 71.76 | 77.97 | 77.16 | 75.29 | 83.74 | 83.3 | 70.92 |
| Other Current Assets | 314.77M | 274.09M | 293.12M | 351.43M | 231.1M | 190.3M | 163.13M | 173.18M | 141.63M | 138.56M | 162.79M | 138.6M | 122.03M | 127.02M | 195.37M | 99.21M | 90.14M | 79.62M | 209.59M | 104.11M |
| Total Non-Current Assets | 9.83B | 9.93B | 9.93B | 9.89B | 9.86B | 9.71B | 9.5B | 9.22B | 8.82B | 8.43B | 8.12B | 7.7B | 7.16B | 6.66B | 6.52B | 6.23B | 5.96B | 5.91B | 5.63B | 5.55B |
| Property, Plant & Equipment | 8.49B | 8.55B | 8.57B | 8.49B | 8.47B | 8.32B | 8.12B | 7.83B | 7.43B | 7.06B | 6.73B | 6.31B | 5.78B | 5.49B | 5.37B | 5.15B | 4.89B | 4.83B | 4.75B | 4.65B |
| Fixed Asset Turnover | 0.71x | 0.61x | 0.52x | 0.57x | 0.54x | 0.53x | 0.49x | 0.57x | 0.64x | 0.68x | 0.65x | 0.76x | 0.90x | 0.90x | 0.92x | 1.13x | 1.28x | 1.16x | 1.13x | 1.11x |
| Goodwill | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 502.07M | 502.07M | 451.59M | 452.34M | 453.09M | 453.83M | 454.68M |
| Intangible Assets | 315.76M | 323.49M | 331.29M | 206.55M | 213.44M | 220.34M | 227.23M | 234.81M | 242.45M | 250.09M | 257.76M | 265.85M | 274M | 260.63M | 267.51M | 276.59M | 281.02M | 288.18M | 295.35M | 302.52M |
| Long-Term Investments | 0 | 0 | 0 | 5.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 547.36M | 574.21M | 550.46M | 702.75M | 701.65M | 693.26M | 681.2M | 678.1M | 668.76M | 637.76M | 651.15M | 643.67M | 620.24M | 403.3M | 378.73M | 359.47M | 335.29M | 337.77M | 129.6M | 137.02M |
| Total Assets | 17.11B | 16.72B | 16.41B | 15.97B | 15.55B | 15.93B | 14.94B | 15.66B | 15.06B | 15.03B | 14.91B | 14.93B | 14.55B | 14.22B | 14.16B | 14.05B | 13.71B | 13.06B | 12.53B | 11.54B |
| Asset Turnover | 0.36x | 0.31x | 0.27x | 0.31x | 0.29x | 0.28x | 0.25x | 0.28x | 0.31x | 0.31x | 0.28x | 0.31x | 0.35x | 0.34x | 0.34x | 0.41x | 0.46x | 0.44x | 0.44x | 0.46x |
| Asset Growth % | 10.06% | 4.96% | 9.89% | 1.95% | 3.24% | 6.01% | 0.18% | 4.9% | 3.5% | 5.68% | 5.29% | 6.27% | 6.13% | 8.91% | 13% | 21.77% | 28.29% | 28.92% | 35.25% | 33.87% |
| Total Current Liabilities | 2.29B | 2.17B | 2.12B | 1.96B | 1.82B | 2.27B | 2.15B | 2.69B | 2.66B | 2.3B | 2.33B | 1.92B | 1.76B | 1.82B | 2.03B | 2.13B | 2.2B | 2.09B | 2.23B | 2.05B |
| Accounts Payable | 1.48B | 1.38B | 1.23B | 1.21B | 1.23B | 1.26B | 979.91M | 1.08B | 1.21B | 1.18B | 1.09B | 1.06B | 1.05B | 1.14B | 1.02B | 1.17B | 1.38B | 1.21B | 1.28B | 1.22B |
| Days Payables Outstanding | 25.38 | 26.45 | 28.91 | 27.6 | 28.65 | 25.93 | 27.62 | 28.23 | 28.27 | 27.84 | 28.22 | 26.69 | 26.37 | 25.29 | 26.15 | 27.97 | 27.26 | 29.63 | 32.42 | 31.71 |
| Short-Term Debt | 1.33M | 22.12M | 34.66M | 1.43M | 1.46M | 418.95M | 426.99M | 882.01M | 815.64M | 425.7M | 459.99M | 86.06M | 56.87M | 46.45M | 57.33M | 22.95M | 37.13M | 68.39M | 97.17M | 55.06M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 408.2M | 788.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 3.18x | 3.13x | 3.06x | 3.11x | 3.13x | 2.74x | 2.53x | 2.39x | 2.35x | 2.87x | 2.91x | 3.77x | 4.20x | 4.15x | 3.76x | 3.67x | 3.52x | 3.42x | 3.10x | 2.91x |
| Quick Ratio | 1.45x | 1.33x | 1.29x | 1.47x | 1.34x | 1.38x | 1.08x | 1.26x | 1.19x | 1.55x | 1.67x | 2.23x | 2.47x | 2.51x | 2.22x | 2.08x | 1.87x | 1.74x | 1.51x | 1.51x |
| Cash Conversion Cycle | 77.94 | 83.35 | 88.94 | 78.36 | 78.78 | 78.39 | 90.39 | 82.49 | 78.2 | 77.17 | 86.36 | 89.42 | 84.58 | 84.94 | 93.66 | 89.84 | 84.82 | 88.69 | 83.87 | 70.52 |
| Total Non-Current Liabilities | 5.46B | 5.42B | 5.36B | 5.04B | 4.89B | 4.83B | 3.84B | 3.89B | 3.29B | 3.68B | 3.74B | 4.15B | 4.13B | 4.09B | 4.03B | 3.98B | 3.96B | 3.99B | 3.98B | 3.86B |
| Long-Term Debt | 4.18B | 4.18B | 4.18B | 3.78B | 3.78B | 3.78B | 2.8B | 2.8B | 2.21B | 2.61B | 2.61B | 3.01B | 3.01B | 3.01B | 3.01B | 3.01B | 3.01B | 3.01B | 3.01B | 3.02B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.07B | 1.04B | 997.45M | 1.11B | 957.56M | 918.43M | 902.19M | 943.15M | 928.32M | 923.75M | 944.77M | 961.12M | 941.49M | 898.11M | 889.1M | 856.65M | 853.41M | 856.79M | 854.9M | 722.22M |
| Other Non-Current Liabilities | 211.4M | 194.45M | 186.23M | 151.82M | 148.38M | 134.51M | 133.2M | 143.2M | 143.97M | 144.34M | 180.76M | 182.16M | 175.07M | 180.32M | 129.54M | 112.33M | 95.93M | 120.92M | 120.09M | 117.37M |
| Total Liabilities | 7.75B | 7.59B | 7.48B | 6.99B | 6.7B | 7.1B | 5.99B | 6.58B | 5.94B | 5.98B | 6.07B | 6.07B | 5.89B | 5.91B | 6.06B | 6.11B | 6.16B | 6.08B | 6.21B | 5.91B |
| Total Debt | 4.18B | 4.2B | 4.21B | 3.78B | 3.78B | 4.2B | 3.23B | 3.68B | 3.03B | 3.04B | 3.07B | 3.1B | 3.07B | 3.06B | 3.07B | 3.04B | 3.05B | 3.08B | 3.11B | 3.07B |
| Net Debt | 3.61B | 3.64B | 3.44B | 3.01B | 3.32B | 3.01B | 2.64B | 2.67B | 2.2B | 2B | 1.67B | 1.33B | 1.59B | 1.46B | 1.44B | 1.61B | 2.04B | 1.89B | 1.86B | 1.98B |
| Debt / Equity | 0.45x | 0.46x | 0.47x | 0.42x | 0.43x | 0.47x | 0.36x | 0.41x | 0.33x | 0.34x | 0.35x | 0.35x | 0.35x | 0.37x | 0.38x | 0.38x | 0.40x | 0.44x | 0.49x | 0.55x |
| Debt / EBITDA | 4.52x | 5.62x | 9.22x | 5.85x | 7.33x | 10.26x | 8.90x | 7.13x | 4.48x | 3.51x | 4.87x | 3.68x | 2.61x | 3.25x | 3.57x | 2.30x | 1.78x | 1.95x | 2.05x | 2.18x |
| Net Debt / EBITDA | 3.91x | 4.88x | 7.54x | 4.66x | 6.44x | 7.36x | 7.28x | 5.17x | 3.25x | 2.31x | 2.65x | 1.58x | 1.36x | 1.54x | 1.67x | 1.22x | 1.19x | 1.19x | 1.23x | 1.40x |
| Interest Coverage | 20.57x | 20.94x | 12.52x | 38.86x | 23.32x | 24.14x | 17.73x | 24.90x | 45.43x | 64.93x | 37.65x | 41.98x | 52.73x | 38.67x | 32.79x | 48.68x | 63.20x | 88.45x | 115.19x | 103.53x |
| Total Equity | 9.36B | 9.13B | 8.93B | 8.97B | 8.84B | 8.83B | 8.95B | 9.08B | 9.12B | 9.05B | 8.84B | 8.86B | 8.66B | 8.31B | 8.1B | 7.94B | 7.55B | 6.98B | 6.32B | 5.62B |
| Equity Growth % | 5.87% | 3.39% | -0.17% | -1.2% | -3.03% | -2.36% | 1.2% | 2.49% | 5.25% | 8.92% | 9.19% | 11.63% | 14.78% | 19.03% | 28.09% | 41.12% | 50.07% | 47.37% | 45.35% | 33.92% |
| Book Value per Share | 64.84 | 63.08 | 61.06 | 60.77 | 59.23 | 58.79 | 58.54 | 58.00 | 57.88 | 56.78 | 54.47 | 53.33 | 51.31 | 48.16 | 46.03 | 43.69 | 40.21 | 36.11 | 31.79 | 27.54 |
| Total Shareholders' Equity | 9.42B | 9.16B | 8.96B | 9B | 8.86B | 8.82B | 8.93B | 9.08B | 9.13B | 9.07B | 8.87B | 8.89B | 8.71B | 8.34B | 8.13B | 7.97B | 7.59B | 6.96B | 6.3B | 5.61B |
| Common Stock | 653K | 653K | 653K | 652K | 652K | 652K | 652K | 651K | 651K | 651K | 651K | 650K | 650K | 650K | 650K | 649K | 649K | 649K | 649K | 648K |
| Retained Earnings | 16.47B | 16.02B | 15.69B | 15.5B | 15.17B | 14.94B | 14.8B | 14.66B | 14.41B | 14.06B | 13.55B | 13.19B | 12.68B | 11.94B | 11.38B | 10.8B | 9.95B | 8.8B | 7.76B | 6.72B |
| Treasury Stock | -8.29B | -8.09B | -7.98B | -7.74B | -7.53B | -7.33B | -7.09B | -6.8B | -6.49B | -6.18B | -5.9B | -5.51B | -5.18B | -4.8B | -4.46B | -4.05B | -3.57B | -3.05B | -2.67B | -2.34B |
| Accumulated OCI | 3.21M | -858K | -598K | -1.33M | 1.18M | 0 | 0 | -445K | -1.43M | -13K | 421K | -494K | 1.03M | 1.8M | 889K | -2.75M | -5M | 9.3M | -2.09M | 10.58M |
| Minority Interest | -56.46M | -31.46M | -26.77M | -24.82M | -20M | 9.18M | 10.96M | -2.2M | -10.56M | -24.65M | -27.14M | -35.24M | -43.01M | -30.21M | -34.55M | -35.95M | -39.46M | 13.82M | 15.53M | 15.01M |