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Steel Dynamics STLD Free cash flow

Free cash flow at other companies

Nucor logo
NucorNUE
$225M+145%
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-$477M+5.2%
Metallus logo
MetallusMTUS
-$51.6M+22.3%
Worthington Steel logo
Worthington SteelWS
$33.3M+32.1%
Commercial Metals logo
Commercial MetalsCMC
Reliance logo
RelianceRS

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%

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

Calculated from Steel Dynamics’s reported figures.

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?
Steel Dynamics (STLD) reported free cash flow of $10.34M in Q1 2026.
How has Steel Dynamics's free cash flow changed year-over-year?
Steel Dynamics's free cash flow increased by 106.8% year-over-year, from -$152.9M to $10.34M.
What is the long-term trend for Steel Dynamics's free cash flow?
Over 4 years (2021 to 2025), Steel Dynamics's free cash flow has grown at a -19.6% compound annual growth rate (CAGR), from $1.2B to $501.51M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.