What is Steel Dynamics's change in AP?

Steel Dynamics (STLD) reported change in AP of $156.91M in Q1 2026.

How has Steel Dynamics's change in AP changed year-over-year?

Steel Dynamics's change in AP decreased by 36.9% year-over-year, from $248.6M to $156.91M.

What is the long-term trend for Steel Dynamics's change in AP?

Over 2 years (2021 to 2024), Steel Dynamics's change in AP has grown at a -65.2% compound annual growth rate (CAGR), from $557.74M to -$67.36M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Steel Dynamics STLD Change in AP

Change in AP at other companies

Friedman IndustriesFRD

$5.55M+357%

NucorNUE

$226M-40.2%

Cleveland-CliffsCLF

$41M-33.9%

RelianceRS

$176.5M+55.1%

MetallusMTUS

$36.3M+6.8%

Worthington SteelWS

-$46.9M+36.7%

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%

CapEx$138.0M-54.8%

Free cash flow$10.3M+107%

Valuation

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Market cap$33.09B+62.8%

Enterprise value$36.74B+55.1%

P/E24.1×+4.6×

P/S1.7×+0.6×

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:IncreaseDecreaseInAccountsPayable.

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 change in AP?: Steel Dynamics (STLD) reported change in AP of $156.91M in Q1 2026.
How has Steel Dynamics's change in AP changed year-over-year?: Steel Dynamics's change in AP decreased by 36.9% year-over-year, from $248.6M to $156.91M.
What is the long-term trend for Steel Dynamics's change in AP?: Over 2 years (2021 to 2024), Steel Dynamics's change in AP has grown at a -65.2% compound annual growth rate (CAGR), from $557.74M to -$67.36M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.