What is Steel Dynamics's deferred income tax noncash expense benefit?

Steel Dynamics (STLD) reported deferred income tax noncash expense benefit of $32.67M in Q1 2026.

How has Steel Dynamics's deferred income tax noncash expense benefit changed year-over-year?

Steel Dynamics's deferred income tax noncash expense benefit increased by 101.1% year-over-year, from $16.25M to $32.67M.

What is the long-term trend for Steel Dynamics's deferred income tax noncash expense benefit?

Over 2 years (2021 to 2024), Steel Dynamics's deferred income tax noncash expense benefit has grown at a -63.6% compound annual growth rate (CAGR), from $322.01M to -$42.58M.

What does deferred income tax noncash expense benefit mean?

The impact of timing differences between accounting tax expense and actual cash tax payments.

Operating

Deferred Income Tax Noncash Expense Benefit

Steel Dynamics Deferred Income Tax Noncash Expense Benefit decreased by 77.9% to $32.67M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 101.1%, from $16.25M to $32.67M. Over 2 years (FY 2021 to FY 2024), Deferred Income Tax Noncash Expense Benefit shows a downward trend with a -63.6% CAGR.

Analysis

StatementCash Flow Statement

SectionOperating

CategoryLiquidity

SignalContext dependent

VolatilityModerate

First reportedQ1 2013

Last reportedQ1 2026Apr 27, 2026

How to read this metric

A positive value indicates a deferred tax benefit or liability increase, effectively preserving cash in the current period, while a negative value indicates a cash outflow for taxes.

Detailed definition

This reflects the timing differences between when income tax expenses are recognized for financial reporting purposes an...

Peer comparison

Common in capital-intensive industries utilizing accelerated depreciation for tax purposes.

Metric ID: operating_deferred_income_tax_noncash_expense_benefit_632493

Historical Data

18 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	$50.72M	$71.01M	$133.53M	$2.63M	-$2.64M	$3.99M	$33.20M	$9.01M	$43.38M	$19.63M	-$21.02M	$4.58M	$14.83M	-$40.97M	$16.25M	$39.13M	$147.57M	$32.67M
QoQ Change	—	+40.0%	+88.1%	-98.0%	-200.2%	+251.4%	+732.1%	-72.9%	+381.6%	-54.8%	-207.1%	+121.8%	+224.1%	-376.2%	+139.7%	+140.8%	+277.1%	-77.9%
YoY Change	—	—	—	—	-105.2%	-94.4%	-75.1%	+242.2%	>999%	+391.9%	-333.4%	-89.4%	-24.4%	—	+177.3%	+754.9%	+894.9%	+101.1%

Range-$40.97M – $147.57M

CAGR-9.8%

Avg YoY Growth+275.8%

Median YoY Growth+101.1%

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Frequently Asked Questions

What is Steel Dynamics's deferred income tax noncash expense benefit?: Steel Dynamics (STLD) reported deferred income tax noncash expense benefit of $32.67M in Q1 2026.
How has Steel Dynamics's deferred income tax noncash expense benefit changed year-over-year?: Steel Dynamics's deferred income tax noncash expense benefit increased by 101.1% year-over-year, from $16.25M to $32.67M.
What is the long-term trend for Steel Dynamics's deferred income tax noncash expense benefit?: Over 2 years (2021 to 2024), Steel Dynamics's deferred income tax noncash expense benefit has grown at a -63.6% compound annual growth rate (CAGR), from $322.01M to -$42.58M.
What does deferred income tax noncash expense benefit mean?: The impact of timing differences between accounting tax expense and actual cash tax payments.