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Steel Dynamics STLD Aluminum Operations — D&A

Other segment segments

Steel Operations
$106.06M+7.2%
Metals Recycling Operations
$16.88M+12.8%
Corporate And Other
$14.27M+0.1%
Steel Fabrication Operations
$3.65M+23.5%

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AAAluminum — Segment Reporting Information Depreciation Depletion And Amortization Expenses
$71M+6.0%
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$12M-7.7%
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CBREBuilding Operations & Experience — D&A
$107M+52.9%
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DOWPerformance Materials & Coatings — D&A
$181M-9.5%
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CCAdvanced Performance Materials — D&A
$23M-34.3%
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RSD&A
$69.2M+0.7%

Other financials

Income statement

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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

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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

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Operating cash flow$148.3M-2.8%
CapEx$138.0M-54.8%
Free cash flow$10.3M+107%

Valuation

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Market cap$35.4B+86.0%
Enterprise value$39.05B+74.6%
P/E25.8×+7.5×
P/S1.9×+0.8×

Profitability

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Gross margin14%+0.6pp
Operating margin9.1%+0.6pp
Net margin7.2%+0.4pp
FCF margin3.5%+2.9pp

Returns & leverage

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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:DepreciationDepletionAndAmortization.

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 aluminum operations — D&A?
Steel Dynamics (STLD) reported aluminum operations — D&A of $19.11M in Q1 2026.
How has Steel Dynamics's aluminum operations — D&A changed year-over-year?
Steel Dynamics's aluminum operations — D&A increased by 621.8% year-over-year, from $2.65M to $19.11M.
What is the long-term trend for Steel Dynamics's aluminum operations — D&A?
Over 2 years (2022 to 2025), Steel Dynamics's aluminum operations — D&A has grown at a 94.7% compound annual growth rate (CAGR), from $5.13M to $19.44M.
What does aluminum operations — D&A mean?
The non-cash expense allocated to the aluminum segment to account for the wear and tear of physical assets and the expiration of intangible assets over time. This reflects the capital intensity of the segment's operations.