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Steel Dynamics STLD Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$5.2BBeat by $106.1MDiluted EPS$2.78Miss by $0.05
Revenue estimate$5.1B
EPS estimate$2.83

Next report

Jul 20, 2026 (In 1 week)
Revenue estimate$5.6B
EPS estimate$3.66

Financials

Q1 2026

Income statement

See full
Revenue$5.2B+19.1%
Gross profit$763.2M+56.9%
Operating income$538.0M+95.5%
Net income$403.4M+85.8%
EPS (diluted)$2.78+93.1%

Balance sheet

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Cash & equivalents$556.5M-53.1%
Total debt$4.2B+0.1%
Total equity$9.2B+3.9%
Total assets$16.7B+5.0%

Cash flow

See full
Operating cash flow$148.3M-2.8%
CapEx$138.0M-54.8%
Free cash flow$10.3M+107%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$33.11B+38.9%
Enterprise value$36.76B+36.5%
P/E24.1×+3.8×
P/S1.7×+0.4×

Profitability

See full
Gross margin14%+0.6pp
Operating margin9.1%+0.6pp
Net margin7.2%+0.4pp
FCF margin3.5%+2.9pp

Returns & leverage

See full
Return on equity15.3%+2.2pp
Debt / equity0.5×0.0×
Current ratio3.1×+0.4×

Segments

By segment

See full
Steel Operations$3.7B+15.9%
Metals Recycling Operations$1.1B+4.9%
Corporate And Other$490.6M+40.8%
Steel Fabrication Operations$355.5M+0.8%
Aluminum Operations$242.1M+141%

By geography

See full
Non Us$324.5M-0.9%
Other Segments-$665.5M-0.9%

Versus estimates

Revenue

Q1 2026$5.2BBeat by $106.1M
Q4 2025$4.4BMiss by $137.3MQ3 2025$4.8BBeat by $63.7MQ2 2025$4.6BMiss by $150.8MQ4 2024$3.9BMiss by $97.1MQ3 2024$4.3BBeat by $164.5M

Diluted EPS

Q1 2026$2.78Miss by $0.05
Q4 2025$1.82Beat by $0.12Q3 2025$2.74Beat by $0.11Q2 2025$2.01Miss by $0.23Q4 2024$1.36Miss by $0.33Q3 2024$2.05Beat by $0.08

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Questions, answered.

When did Steel Dynamics report Q1 2026 earnings?
Steel Dynamics (STLD) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Steel Dynamics's Q1 2026 revenue and EPS?
Steel Dynamics reported revenue of $5.2B and diluted EPS of $2.78 for Q1 2026.
Did Steel Dynamics beat estimates in Q1 2026?
Revenue beat the consensus estimate of $5.1B by $106.1M. EPS missed the consensus estimate of $2.83 by $0.05.
Where can I find Steel Dynamics's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-045938) and the 10-Q periodic report (0001104659-26-049415) directly on SEC EDGAR. The filing index links above go to sec.gov.