What is Steel Dynamics's capex?

Steel Dynamics (STLD) reported capex of $137.98M in Q1 2026.

How has Steel Dynamics's capex changed year-over-year?

Steel Dynamics's capex decreased by 54.8% year-over-year, from $305.51M to $137.98M.

What is the long-term trend for Steel Dynamics's capex?

Over 4 years (2021 to 2025), Steel Dynamics's capex has grown at a -1.5% compound annual growth rate (CAGR), from $1.01B to $948.03M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Steel Dynamics STLD CapEx

CapEx at other companies

Commercial MetalsCMC

$122.7M+42.2%

NucorNUE

$661M-23.1%

Cleveland-CliffsCLF

$152M0.0%

RelianceRS

$64.2M-26.1%

MetallusMTUS

$24.7M-10.2%

Worthington SteelWS

$30M+4.9%

Other financials

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%

Free cash flow$10.3M+107%

Valuation

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Market cap$35.4B+86.0%

Enterprise value$39.05B+74.6%

P/E25.8×+7.5×

P/S1.9×+0.8×

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×

Where this comes from

Reported directly by Steel Dynamics in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Steel Dynamics’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Steel Dynamics's capex?: Steel Dynamics (STLD) reported capex of $137.98M in Q1 2026.
How has Steel Dynamics's capex changed year-over-year?: Steel Dynamics's capex decreased by 54.8% year-over-year, from $305.51M to $137.98M.
What is the long-term trend for Steel Dynamics's capex?: Over 4 years (2021 to 2025), Steel Dynamics's capex has grown at a -1.5% compound annual growth rate (CAGR), from $1.01B to $948.03M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.