What is Steel Dynamics's retained earnings?

Steel Dynamics (STLD) reported retained earnings of $16.02B in Q1 2026.

How has Steel Dynamics's retained earnings changed year-over-year?

Steel Dynamics's retained earnings increased by 7.2% year-over-year, from $14.94B to $16.02B.

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

Over 5 years (2020 to 2025), Steel Dynamics's retained earnings has grown at a 26.9% compound annual growth rate (CAGR), from $4.76B to $15.69B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Steel Dynamics STLD Retained Earnings

Retained Earnings at other companies

Commercial MetalsCMC

$4.74B+9.9%

Friedman IndustriesFRD

$119.65M+18.2%

NucorNUE

$32.12B+6.0%

Cleveland-CliffsCLF

-$766M-258%

RelianceRS

$7.22B+0.1%

MetallusMTUS

-$48.2M+5.7%

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$33.09B+69.5%

Enterprise value$36.74B+60.8%

P/E24.1×+5.4×

P/S1.7×+0.6×

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:RetainedEarningsAccumulatedDeficit.

The official record: Steel Dynamics’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

Ask your AI about Steel Dynamics's retained earnings.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Steel Dynamics's retained earnings?: Steel Dynamics (STLD) reported retained earnings of $16.02B in Q1 2026.
How has Steel Dynamics's retained earnings changed year-over-year?: Steel Dynamics's retained earnings increased by 7.2% year-over-year, from $14.94B to $16.02B.
What is the long-term trend for Steel Dynamics's retained earnings?: Over 5 years (2020 to 2025), Steel Dynamics's retained earnings has grown at a 26.9% compound annual growth rate (CAGR), from $4.76B to $15.69B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.