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Steel Dynamics STLD Steel Fabrication Operations — Goodwill

Other segment segments

Steel Operations
$272.13M0.0%
Metals Recycling Operations
$189.41M0.0%
Aluminum Operations
$14M0.0%

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CLFSteelmaking — Goodwill
$1.75B+1.9%
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$9.5M0.0%
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NUESteel Products — Goodwill
$2.82B+0.3%
DCH
DCHMetal Forming — Goodwill
$50M
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KMTMetal Cutting — Goodwill
$280.27M+2.7%
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ACTGIndustrial operations — Goodwill
$7.54M0.0%

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 steel fabrication operations — goodwill?
Steel Dynamics (STLD) reported steel fabrication operations — goodwill of $1.93M in Q1 2026.
How has Steel Dynamics's steel fabrication operations — goodwill changed year-over-year?
Steel Dynamics's steel fabrication operations — goodwill decreased by 0.0% year-over-year, from $1.93M to $1.93M.
What is the long-term trend for Steel Dynamics's steel fabrication operations — goodwill?
Over 4 years (2021 to 2025), Steel Dynamics's steel fabrication operations — goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $7.7M to $7.7M.
What does steel fabrication operations — goodwill mean?
Represents the intangible asset value arising from the acquisition of businesses within the steel fabrication segment. It reflects the premium paid over the fair value of net identifiable assets, signaling expected future synergies and market position.