Steel Dynamics STLD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Aluminum Operations | $242.1M+141% | $175.22M+115% | $104.44M+25.5% | $93.57M+14.4% | $100.65M+39.5% | |
| Corporate And Other | $490.6M+40.8% | $304.85M+5.9% | $320.76M-22.1% | $361.44M-18.1% | $348.4M+12.0% | |
| Metals Recycling Operations | $1.13B+4.9% | $977.29M+2.2% | $1.13B+10.1% | $1.16B+4.7% | $1.07B+3.0% | |
| Steel Fabrication Operations | $355.45M+0.8% | $347.27M-12.4% | $378.26M-15.9% | $340.67M-28.1% | $352.46M-22.0% | |
| Steel Operations | $3.66B+15.9% | $3.22B+17.6% | $3.65B+20.7% | $3.38B+4.2% | $3.15B-10.2% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Aluminum Operations | $8.96M-76.4% | $10.94M-65.4% | $54.06M+110% | $46.35M+132% | $37.91M+150% | |
| Corporate And Other | $92M+34.8% | $80.72M-8.0% | $84.68M+18.5% | $78.43M-9.8% | $68.25M-33.1% | |
| Metals Recycling Operations | $26.92M+1.0% | $26.62M+86.3% | $26.23M-14.8% | $27.31M-17.0% | $26.65M-25.3% | |
| Steel Fabrication Operations | $26.53M+11.1% | $26.94M+3.2% | $27.2M+8.4% | $26.66M+13.3% | $23.89M0.0% | |
| Steel Operations | $71.17M+29.2% | $74.22M+65.3% | $58.32M+2.1% | $57.24M+8.5% | $55.07M+3.2% | |
| Cost of Goods Sold by Business | ||||||
| Aluminum Operations | $297.73M+225% | $211.39M+168% | $106.9M+34.5% | $87.85M+16.1% | $91.47M+41.6% | |
| Corporate And Other | $481.07M+38.8% | $301.85M+5.7% | $308.13M-23.1% | $348.67M-18.6% | $346.59M+12.9% | |
| Metals Recycling Operations | $1.05B+3.0% | $932.03M+2.8% | $1.08B+8.4% | $1.11B+5.7% | $1.02B+2.7% | |
| Steel Fabrication Operations | $239.41M+13.0% | $229.79M+0.7% | $244.04M-5.8% | $220.9M-18.0% | $211.83M-15.1% | |
| Steel Operations | $3.03B+5.6% | $2.83B+12.1% | $3.1B+16.1% | $32.3M-98.8% | $2.87B+2.9% | |
| Operating Income by Business | ||||||
| Aluminum Operations | -$64.59M-125% | -$47.1M-63.0% | -$56.51M-157% | -$40.63M-193% | -$28.74M-280% | |
| Corporate And Other | -$82.47M-24.1% | -$77.71M+9.1% | -$72.05M-19.8% | -$65.66M+11.2% | -$66.43M+32.1% | |
| Metals Recycling Operations | $47.47M+84.6% | $18.64M-46.9% | $31.53M+414% | $21.29M-6.8% | $25.71M+102% | |
| Steel Fabrication Operations | $89.51M-23.3% | $90.55M-36.4% | $107.02M-35.4% | $93.11M-48.5% | $116.75M-34.5% | |
| Steel Operations | $555.49M+143% | $320.8M+87.0% | $496.79M+64.9% | $381.09M-13.1% | $228.86M-65.9% | |
| Total Assets by Business | ||||||
| Aluminum Operations | $4.14B+33.4% | $3.91B+39.4% | $3.66B+55.1% | $3.39B+72.4% | $3.11B+93.3% | |
| Corporate And Other | $4.79B+14.9% | $4.58B+38.1% | $4.49B+16.4% | $3.85B+27.2% | $4.17B+33.4% | |
| Metals Recycling Operations | $1.54B+4.0% | $1.46B+12.4% | $1.47B-5.7% | $1.47B-7.7% | $1.48B-1.5% | |
| Steel Fabrication Operations | $673.96M+8.1% | $666.98M+0.2% | $677.76M-5.6% | $620.39M-21.6% | $623.58M-18.9% | |
| Steel Operations | $9.41B+5.9% | $9.23B+5.2% | $8.8B+0.8% | $8.97B+1.1% | $8.88B-0.1% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Aluminum Operations | $76.25M-63.4% | $108.55M-66.0% | $65.77M-86.2% | $210.53M-23.2% | $208.59M-12.5% | |
| Corporate And Other | $7.15M+30.1% | $257K-98.5% | $17.37M-15.3% | $6.22M-55.9% | $5.5M+42.8% | |
| Metals Recycling Operations | $21.17M-22.1% | $27.05M+30.5% | $30.86M+79.1% | $26.87M+87.4% | $27.18M-11.5% | |
| Steel Fabrication Operations | $1.54M-70.6% | $2.51M-76.9% | $4.06M-24.5% | $3.28M-57.4% | $5.24M-3.5% | |
| Steel Operations | $48.45M-47.3% | $73.36M-35.1% | $76.11M-37.1% | $76.07M-42.2% | $92.01M-4.0% | |
| D&A by Business | ||||||
| Aluminum Operations | $19.11M+622% | $10.73M+451% | $3.23M+71.6% | $2.84M+64.0% | $2.65M+116% | |
| Corporate And Other | $14.27M+0.1% | $13.32M-59.3% | $13.46M+85.9% | $13.52M+97.5% | $14.25M+117% | |
| Metals Recycling Operations | $16.88M+12.8% | $16.93M+529% | $16.47M-8.4% | $15.88M-12.8% | $14.97M-13.3% | |
| Steel Fabrication Operations | $3.65M+23.5% | $3.53M+26.8% | $3.42M+20.7% | $3.25M+17.0% | $2.96M+10.2% | |
| Steel Operations | $106.06M+7.2% | $102.17M+19.6% | $101.91M+11.9% | $97.38M+11.3% | $98.93M+13.1% | |
| Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions by Business | ||||||
| Aluminum Operations | 94.4%0.0pp | —— | —— | —— | 94.4%0.0pp | |
| Steel Operations | 75%+56.3pp | 18.8%— | 18.8%— | 18.8%— | 18.8%— | |
| Goodwill by Business | ||||||
| Aluminum Operations | $14M0.0% | $14M0.0% | $14M— | $14M— | $14M— | |
| Metals Recycling Operations | $189.41M0.0% | $189.41M0.0% | $189.41M-6.9% | $189.41M-6.9% | $189.41M-6.9% | |
| 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-0.9% | $233.2M-24.1% | $321.17M-8.9% | $272.66M-30.0% | $327.28M-21.2% | |
| Other Segments | -$665.49M-0.9% | —— | -$760.23M-15.7% | -$776.83M-7.6% | -$659.25M+5.4% | |
| US | $4.88B+20.7% | $4.18B+17.3% | $4.51B+13.0% | $4.29B+1.2% | $4.04B-5.5% |
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.
