What is Steel Dynamics's goodwill?

Steel Dynamics (STLD) reported goodwill of $477.47M in Q1 2026.

How has Steel Dynamics's goodwill changed year-over-year?

Steel Dynamics's goodwill decreased by 0.0% year-over-year, from $477.47M to $477.47M.

What is the long-term trend for Steel Dynamics's goodwill?

Over 5 years (2020 to 2025), Steel Dynamics's goodwill has grown at a 0.9% compound annual growth rate (CAGR), from $457.23M to $477.47M.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Steel Dynamics STLD Goodwill

Goodwill at other companies

Commercial MetalsCMC

$2.13B+456%

NucorNUE

$4.3B+0.2%

Cleveland-CliffsCLF

$1.8B+1.9%

RelianceRS

$2.18B+0.5%

Worthington SteelWS

$103.3M+30.3%

ConstelliumCSTM

$47M+2.2%

Segments

By segment

See full

Steel Operations$272.13M0.0%

Metals Recycling Operations$189.41M0.0%

Aluminum Operations$14M0.0%

Steel Fabrication Operations$1.93M0.0%

Other financials

Income statement

See full

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$35.4B+86.0%

Enterprise value$39.05B+74.6%

P/E25.8×+7.5×

P/S1.9×+0.8×

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:Goodwill.

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 goodwill?: Steel Dynamics (STLD) reported goodwill of $477.47M in Q1 2026.
How has Steel Dynamics's goodwill changed year-over-year?: Steel Dynamics's goodwill decreased by 0.0% year-over-year, from $477.47M to $477.47M.
What is the long-term trend for Steel Dynamics's goodwill?: Over 5 years (2020 to 2025), Steel Dynamics's goodwill has grown at a 0.9% compound annual growth rate (CAGR), from $457.23M to $477.47M.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.