What is Steel Dynamics's D&A?

Steel Dynamics (STLD) reported D&A of $159.28M in Q1 2026.

How has Steel Dynamics's D&A changed year-over-year?

Steel Dynamics's D&A increased by 19.1% year-over-year, from $133.76M to $159.28M.

What is the long-term trend for Steel Dynamics's D&A?

Over 4 years (2021 to 2025), Steel Dynamics's D&A has grown at a 12.2% compound annual growth rate (CAGR), from $347.65M to $551.39M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Steel Dynamics STLD D&A

D&A at other companies

Commercial MetalsCMC

$102.57M+45.3%

Friedman IndustriesFRD

$956K+16.2%

Cleveland-CliffsCLF

$259M-8.2%

RelianceRS

$69.2M+0.7%

MetallusMTUS

$13.7M0.0%

Worthington SteelWS

$21.6M+30.1%

Segments

By segment

See full

Steel Operations$106.06M+7.2%

Aluminum Operations$19.11M+622%

Metals Recycling Operations$16.88M+12.8%

Corporate And Other$14.27M+0.1%

Steel Fabrication Operations$3.65M+23.5%

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

See full

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

See full

Market cap$33.09B+62.8%

Enterprise value$36.74B+55.1%

P/E24.1×+4.6×

P/S1.7×+0.6×

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×

Where this comes from

Reported directly by Steel Dynamics in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

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 D&A?: Steel Dynamics (STLD) reported D&A of $159.28M in Q1 2026.
How has Steel Dynamics's D&A changed year-over-year?: Steel Dynamics's D&A increased by 19.1% year-over-year, from $133.76M to $159.28M.
What is the long-term trend for Steel Dynamics's D&A?: Over 4 years (2021 to 2025), Steel Dynamics's D&A has grown at a 12.2% compound annual growth rate (CAGR), from $347.65M to $551.39M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.