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Steel Dynamics STLD Free cash flow margin

Free cash flow margin at other companies

Nucor logo
NucorNUE
5.6%-11.5pp
Reliance logo
RelianceRS
4.1%-2.9pp
Alcoa logo
AlcoaAA
4.6%+3.3pp
Carpenter Technology logo
Carpenter TechnologyCRS
13.5%+5.6pp
CSX logo
CSXCSX
14.5%-4.5pp
ATI logo
ATIATI
12%+7.8pp

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$38.96B+38.9%
Enterprise value$42.6B+36.5%
P/E28.4×+4.4×
P/S2.1×+0.4×

Profitability

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Gross margin14%+0.6pp
Operating margin9.1%+0.6pp
Net margin7.2%+0.4pp

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

Calculated from Steel Dynamics’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Steel Dynamics (STLD) reported free cash flow margin of 3.5% in Q1 2026.
How has Steel Dynamics's free cash flow margin changed year-over-year?
Steel Dynamics's free cash flow margin increased by 482.6% year-over-year, from -0.9% to 3.5%.
What is the long-term trend for Steel Dynamics's free cash flow margin?
Over 4 years (2021 to 2025), Steel Dynamics's free cash flow margin has grown at a -16.8% compound annual growth rate (CAGR), from 6.2% to 3%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.