Steel Dynamics STLD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Aluminum Operations | $242.1M+38.2% | $175.22M+67.8% | $104.44M+11.6% | $93.57M-7.0% | $100.65M+23.5% | |
| Corporate And Other | $490.6M+60.9% | $304.85M-5.0% | $320.76M-11.3% | $361.44M+3.7% | $348.4M+21.1% | |
| Metals Recycling Operations | $1.13B+15.2% | $977.29M-13.8% | $1.13B-2.4% | $1.16B+8.4% | $1.07B+12.2% | |
| Steel Fabrication Operations | $355.45M+2.4% | $347.27M-8.2% | $378.26M+11.0% | $340.67M-3.3% | $352.46M-11.1% | |
| Steel Operations | $3.66B+13.4% | $3.22B-11.7% | $3.65B+7.9% | $3.38B+7.3% | $3.15B+15.1% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Aluminum Operations | $8.96M-18.1% | $10.94M-79.8% | $54.06M+16.6% | $46.35M+22.2% | $37.91M+20.0% | |
| Corporate And Other | $92M+14.0% | $80.72M-4.7% | $84.68M+8.0% | $78.43M+14.9% | $68.25M-22.2% | |
| Metals Recycling Operations | $26.92M+1.1% | $26.62M+1.5% | $26.23M-4.0% | $27.31M+2.5% | $26.65M+86.5% | |
| Steel Fabrication Operations | $26.53M-1.5% | $26.94M-1.0% | $27.2M+2.0% | $26.66M+11.6% | $23.89M-8.5% | |
| Steel Operations | $71.17M-4.1% | $74.22M+27.3% | $58.32M+1.9% | $57.24M+3.9% | $55.07M+22.6% | |
| Cost of Goods Sold by Business | ||||||
| Aluminum Operations | $297.73M+40.8% | $211.39M+97.7% | $106.9M+21.7% | $87.85M-4.0% | $91.47M+16.0% | |
| Corporate And Other | $481.07M+59.4% | $301.85M-2.0% | $308.13M-11.6% | $348.67M+0.6% | $346.59M+21.4% | |
| Metals Recycling Operations | $1.05B+12.8% | $932.03M-13.4% | $1.08B-3.3% | $1.11B+9.2% | $1.02B+12.5% | |
| Steel Fabrication Operations | $239.41M+4.2% | $229.79M-5.8% | $244.04M+10.5% | $220.9M+4.3% | $211.83M-7.1% | |
| Steel Operations | $3.03B+7.1% | $2.83B-8.6% | $3.1B+9,484% | $32.3M-98.9% | $2.87B+13.7% | |
| Operating Income by Business | ||||||
| Aluminum Operations | -$64.59M-37.1% | -$47.1M+16.7% | -$56.51M-39.1% | -$40.63M-41.4% | -$28.74M+0.6% | |
| Corporate And Other | -$82.47M-6.1% | -$77.71M-7.9% | -$72.05M-9.7% | -$65.66M+1.2% | -$66.43M+22.3% | |
| Metals Recycling Operations | $47.47M+155% | $18.64M-40.9% | $31.53M+48.1% | $21.29M-17.2% | $25.71M-26.7% | |
| Steel Fabrication Operations | $89.51M-1.1% | $90.55M-15.4% | $107.02M+14.9% | $93.11M-20.2% | $116.75M-18.0% | |
| Steel Operations | $555.49M+73.2% | $320.8M-35.4% | $496.79M+30.4% | $381.09M+66.5% | $228.86M+33.4% | |
| Total Assets by Business | ||||||
| Aluminum Operations | $4.14B+6.0% | $3.91B+6.7% | $3.66B+7.8% | $3.39B+9.3% | $3.11B+10.8% | |
| Corporate And Other | $4.79B+4.4% | $4.58B+2.0% | $4.49B+16.6% | $3.85B-7.5% | $4.17B+25.5% | |
| Metals Recycling Operations | $1.54B+5.5% | $1.46B-0.2% | $1.47B-0.5% | $1.47B-0.7% | $1.48B+14.1% | |
| Steel Fabrication Operations | $673.96M+1.0% | $666.98M-1.6% | $677.76M+9.2% | $620.39M-0.5% | $623.58M-6.4% | |
| Steel Operations | $9.41B+1.9% | $9.23B+5.0% | $8.8B-1.9% | $8.97B+0.9% | $8.88B+1.2% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Aluminum Operations | $76.25M-29.8% | $108.55M+65.0% | $65.77M-68.8% | $210.53M+0.9% | $208.59M-34.6% | |
| Corporate And Other | $7.15M+2,682% | $257K-98.5% | $17.37M+179% | $6.22M+13.2% | $5.5M-67.1% | |
| Metals Recycling Operations | $21.17M-21.7% | $27.05M-12.3% | $30.86M+14.8% | $26.87M-1.1% | $27.18M+31.1% | |
| Steel Fabrication Operations | $1.54M-38.6% | $2.51M-38.2% | $4.06M+23.7% | $3.28M-37.4% | $5.24M-51.7% | |
| Steel Operations | $48.45M-33.9% | $73.36M-3.6% | $76.11M+0.1% | $76.07M-17.3% | $92.01M-18.6% | |
| D&A by Business | ||||||
| Aluminum Operations | $19.11M+78.1% | $10.73M+232% | $3.23M+13.7% | $2.84M+7.3% | $2.65M+36.1% | |
| Corporate And Other | $14.27M+7.1% | $13.32M-1.0% | $13.46M-0.4% | $13.52M-5.2% | $14.25M-56.4% | |
| Metals Recycling Operations | $16.88M-0.3% | $16.93M+2.8% | $16.47M+3.7% | $15.88M+6.1% | $14.97M+456% | |
| Steel Fabrication Operations | $3.65M+3.5% | $3.53M+3.3% | $3.42M+5.1% | $3.25M+9.9% | $2.96M+6.2% | |
| Steel Operations | $106.06M+3.8% | $102.17M+0.3% | $101.91M+4.7% | $97.38M-1.6% | $98.93M+15.8% | |
| Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions by Business | ||||||
| Aluminum Operations | 94.4%— | —— | —— | —— | 94.4%— | |
| Steel Operations | 75%+56.3pp | 18.8%0.0pp | 18.8%0.0pp | 18.8%0.0pp | 18.8%— | |
| Goodwill by Business | ||||||
| Aluminum Operations | $14M0.0% | $14M0.0% | $14M0.0% | $14M0.0% | $14M0.0% | |
| Metals Recycling Operations | $189.41M0.0% | $189.41M0.0% | $189.41M0.0% | $189.41M0.0% | $189.41M0.0% | |
| Steel Fabrication Operations | $1.93M0.0% | $1.93M0.0% | $1.93M0.0% | $1.93M0.0% | $1.93M0.0% | |
| Steel Operations | $272.13M0.0% | $272.13M0.0% | $272.13M0.0% | $272.13M0.0% | $272.13M0.0% | |
| Revenue by Geography | ||||||
| Non Us | $324.48M+39.1% | $233.2M-27.4% | $321.17M+17.8% | $272.66M-16.7% | $327.28M+6.6% | |
| Other Segments | -$665.49M— | —— | -$760.23M+2.1% | -$776.83M-17.8% | -$659.25M-11.7% | |
| US | $4.88B+16.7% | $4.18B-7.2% | $4.51B+5.0% | $4.29B+6.2% | $4.04B+13.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Steel Dynamics break its business down?
- Steel Dynamics (STLD) reports revenue by business across 5 parts — Aluminum Operations, Corporate And Other, Metals Recycling Operations, Steel Fabrication Operations and Steel Operations. Each is extracted from the segment footnotes and tracked over time.
- Where does Steel Dynamics's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Steel Dynamics's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
