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Steel Dynamics STLD Steel Operations — Goodwill

Other segment segments

Metals Recycling Operations
$189.41M0.0%
Aluminum Operations
$14M0.0%
Steel Fabrication Operations
$1.93M0.0%

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$1.75B+1.9%
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$675M0.0%
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ACTGIndustrial operations — Goodwill
$7.54M0.0%
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LODEMetals — Goodwill
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ACTGManufacturing Operations — Goodwill
$16.75M+1.0%

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 operations — goodwill?
Steel Dynamics (STLD) reported steel operations — goodwill of $272.13M in Q1 2026.
How has Steel Dynamics's steel operations — goodwill changed year-over-year?
Steel Dynamics's steel operations — goodwill decreased by 0.0% year-over-year, from $272.13M to $272.13M.
What is the long-term trend for Steel Dynamics's steel operations — goodwill?
Over 4 years (2021 to 2025), Steel Dynamics's steel operations — goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $1.09B to $1.09B.
What does steel operations — goodwill mean?
The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations within the steel operations segment. It reflects intangible assets such as brand reputation, customer relationships, and synergies that do not meet the criteria for separate recognition. This metric is subject to periodic impairment testing based on the segment's performance.