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Steel Dynamics STLD Steel Fabrication Operations — Cost of Goods Sold

Other segment segments

Steel Operations
$3.03B+5.6%
Metals Recycling Operations
$1.05B+3.0%
Corporate And Other
$481.07M+38.8%
Aluminum Operations
$297.73M+225%

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$83.5M+4.5%
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$313.3M+6.7%
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ACLSProduct — Cost of Goods Sold
$105.74M+11.9%

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:CostOfGoodsAndServicesSold.

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 steel fabrication operations — cost of goods sold?
Steel Dynamics (STLD) reported steel fabrication operations — cost of goods sold of $239.41M in Q1 2026.
How has Steel Dynamics's steel fabrication operations — cost of goods sold changed year-over-year?
Steel Dynamics's steel fabrication operations — cost of goods sold increased by 13.0% year-over-year, from $211.83M to $239.41M.
What is the long-term trend for Steel Dynamics's steel fabrication operations — cost of goods sold?
Over 3 years (2022 to 2025), Steel Dynamics's steel fabrication operations — cost of goods sold has grown at a -19.5% compound annual growth rate (CAGR), from $1.74B to $906.56M.
What does steel fabrication operations — cost of goods sold mean?
The direct costs associated with producing and delivering steel fabrication products, including raw materials, labor, and manufacturing overhead. It is a critical measure of production efficiency and input cost management.