Business Segments · Operating Income
Steel Operations — Operating Income
Steel Dynamics Steel Operations — Operating Income increased by 73.2% to $555.49M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 142.7%, from $228.86M to $555.49M. Over 4 years (FY 2021 to FY 2025), Steel Operations — Operating Income shows a downward trend with a -24.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2014
Last reportedQ1 2026
Rolls up toOperating Income
How to read this metric
Higher margins indicate strong operational leverage and effective cost management in the steel cycle.
Detailed definition
The profit or loss generated by the steel operations segment after deducting operating expenses from revenue. It exclude...
Peer comparison
The standard benchmark for segment performance in the steel industry; directly comparable across competitors.
Metric ID:
stld_segment_steel_operations_operating_income_lossHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.01B | $1.35B | $1.36B | $1.16B | $1.10B | $654.68M | $174.94M | $341.76M | $702.65M | $470.34M | $366.86M | $670.93M | $438.62M | $301.25M | $171.57M | $228.86M | $381.09M | $496.79M | $320.80M | $555.49M |
| QoQ Change | — | +33.0% | +1.2% | -14.7% | -5.2% | -40.6% | -73.3% | +95.4% | +105.6% | -33.1% | -22.0% | +82.9% | -34.6% | -31.3% | -43.0% | +33.4% | +66.5% | +30.4% | -35.4% | +73.2% |
| YoY Change | — | — | — | — | +8.9% | -51.4% | -87.2% | -70.6% | -36.3% | -28.2% | +109.7% | +96.3% | -37.6% | -35.9% | -53.2% | -65.9% | -13.1% | +64.9% | +87.0% | +142.7% |
Range$171.57M – $1.36B
CAGR-11.9%
Avg YoY Growth+1.9%
Median YoY Growth-32.1%
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Frequently Asked Questions
- What is Steel Dynamics's steel operations — operating income?
- Steel Dynamics (STLD) reported steel operations — operating income of $555.49M in Q1 2026.
- How has Steel Dynamics's steel operations — operating income changed year-over-year?
- Steel Dynamics's steel operations — operating income increased by 142.7% year-over-year, from $228.86M to $555.49M.
- What is the long-term trend for Steel Dynamics's steel operations — operating income?
- Over 4 years (2021 to 2025), Steel Dynamics's steel operations — operating income has grown at a -24.4% compound annual growth rate (CAGR), from $4.36B to $1.43B.
- What does steel operations — operating income mean?
- The profit earned from core steel operations before interest and taxes.