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Steel Dynamics STLD Aluminum Operations — Operating Income

Other segment segments

Steel Operations
$555.49M+143%
Steel Fabrication Operations
$89.51M-23.3%
Corporate And Other
-$82.47M-24.1%
Metals Recycling Operations
$47.47M+84.6%

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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:OperatingIncomeLoss.

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 — operating income?
Steel Dynamics (STLD) reported aluminum operations — operating income of -$64.59M in Q1 2026.
How has Steel Dynamics's aluminum operations — operating income changed year-over-year?
Steel Dynamics's aluminum operations — operating income decreased by 124.8% year-over-year, from -$28.74M to -$64.59M.
What is the long-term trend for Steel Dynamics's aluminum operations — operating income?
Over 3 years (2022 to 2025), Steel Dynamics's aluminum operations — operating income has grown at a 127.1% compound annual growth rate (CAGR), from $14.77M to -$172.97M.
What does aluminum operations — operating income mean?
The profit or loss generated by the aluminum segment after deducting operating expenses from segment revenue. It measures the core profitability of the aluminum business before interest and taxes.