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Steel Dynamics STLD Q1 2026 earnings

Reported April 22, 2026 · After market close

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

Next report

Oct 19, 2026 (in 2 months)
Revenue estimate$6.3B
EPS estimate$5.41

Financials

Q1 2026

Income statement

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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

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

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$26.05B+38.9%
Enterprise value$29.69B+36.5%
P/E19×+3.0×
P/S1.4×+0.3×

Profitability

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

Returns & leverage

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

Segments

By segment

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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

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

FAQ

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 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.