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Steel Dynamics STLD Free cash flow margin

Free cash flow margin at other companies

Commercial Metals logo
Commercial MetalsCMC
4.6%
Friedman Industries logo
Friedman IndustriesFRD
0.2%+0.1pp
Nucor logo
NucorNUE
5.6%-11.5pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-5.3%-0.3pp
Reliance logo
RelianceRS
3.4%-2.7pp
Metallus logo
MetallusMTUS
-10.2%-16.9pp

Other financials

Income statement

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Revenue$6.1B+33.4%
Gross profit$959.0M+55.1%
Operating income$700.5M+83.0%
Net income$534.1M+78.8%
EPS (diluted)$3.69+83.6%

Balance sheet

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Cash & equivalents$567.7M+23.9%
Total debt$4.2B+10.6%
Total equity$9.4B+6.3%
Total assets$17.1B+10.1%

Cash flow

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Operating cash flow$427.9M+41.9%
CapEx$123.8M-57.0%
Free cash flow$304.1M+2,190%

Valuation

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Market cap$36.01B+99.9%
Enterprise value$39.63B+85.7%
P/E22.4×+5.1×
P/S1.8×+0.7×

Profitability

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Gross margin14.7%+2.1pp
Operating margin10%+2.5pp
Net margin7.8%+1.8pp

Returns & leverage

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Return on equity17.6%+6.0pp
Debt / equity0.4×0.0×
Current ratio3.2×+0.1×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on trailing twelve months.

The source filing: Steel Dynamics’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 11:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-087414

FAQ

What is Steel Dynamics's free cash flow margin?
Steel Dynamics (STLD) reported free cash flow margin of 4.7% in Q2 2026.
How has Steel Dynamics's free cash flow margin changed year-over-year?
Steel Dynamics's free cash flow margin increased by 842.6% year-over-year, from -0.6% to 4.7%.
What is the long-term trend for Steel Dynamics's free cash flow margin?
Over 5 years (2020 to 2025), Steel Dynamics's free cash flow margin has grown at a 4.7% compound annual growth rate (CAGR), from -2.2% to 2.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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