What is Steel Dynamics's aluminum operations — goodwill?

Steel Dynamics (STLD) reported aluminum operations — goodwill of $14M in Q1 2026.

How has Steel Dynamics's aluminum operations — goodwill changed year-over-year?

Steel Dynamics's aluminum operations — goodwill decreased by 0.0% year-over-year, from $14M to $14M.

What does aluminum operations — goodwill mean?

The intangible asset representing the premium paid over the fair value of net identifiable assets during the acquisition of aluminum-related businesses. It reflects the value of synergies, brand reputation, and market position within the aluminum sector.

Steel Dynamics STLD Aluminum Operations — Goodwill

Other segment segments

Steel Operations

$272.13M0.0%

Metals Recycling Operations

$189.41M0.0%

Steel Fabrication Operations

$1.93M0.0%

Similar metrics at other companies

AAAluminum — Goodwill

$0—

ACTGManufacturing Operations — Goodwill

$16.75M+1.0%

HZORetail Operations — Goodwill

$525.65M+0.7%

ACTGIndustrial operations — Goodwill

$7.54M0.0%

KNFWest — Goodwill

$137.88M+11.5%

LODEMetals — Goodwill

$0—

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:Goodwill.

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 — goodwill?: Steel Dynamics (STLD) reported aluminum operations — goodwill of $14M in Q1 2026.
How has Steel Dynamics's aluminum operations — goodwill changed year-over-year?: Steel Dynamics's aluminum operations — goodwill decreased by 0.0% year-over-year, from $14M to $14M.
What does aluminum operations — goodwill mean?: The intangible asset representing the premium paid over the fair value of net identifiable assets during the acquisition of aluminum-related businesses. It reflects the value of synergies, brand reputation, and market position within the aluminum sector.