Steel Dynamics, Inc.
STLD Basic Materials Steel
Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024. In the quarter to June 2026, revenue grew 33.4%, EPS grew 84.6%, free cash flow grew 2,189.9% and total debt rose 10.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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Steel Dynamics, Inc. (STLD) Free cash flow margin
Steel Dynamics, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 4.65%, up 1.9 percentage points from fiscal 2025 (2.76%). Over the past ten years it has ranged from −2.20% (fiscal 2020) to 16.0% (fiscal 2022); the current reading is higher than 27% of that period. That is above the Steel industry median of 0.00% and above the Basic Materials sector median of 0.00%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 2.76% | 2.89 |
| FY2024 | −0.13% | (10.04) |
| FY2023 | 9.91% | (6.04) |
| FY2022 | 16.0% | 9.44 |
| FY2021 | 6.51% | 8.71 |
| FY2020 | −2.20% | (11.22) |
| FY2019 | 9.02% | (0.93) |
| FY2018 | 9.95% | 3.93 |
| FY2017 | 6.02% | (2.40) |
| FY2016 | 8.42% | (3.95) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| GGB Gerdau S.A. compare | 4.94% |
| STLD Steel Dynamics, Inc. | 4.65% |
| NUE Nucor Corporation compare | 4.46% |
| RS Reliance, Inc. compare | 3.54% |
| MT ArcelorMittal compare | −0.09% |
| TX Ternium S.A. compare | −2.94% |
| SIM Grupo Simec, S.A. de C.V. compare | −3.37% |
| PKX POSCO Holdings Inc. compare | −3.42% |
| CLF Cleveland-Cliffs Inc. compare | −4.46% |
| Steel industry median | 0.00% |
| Basic Materials sector median | 0.00% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on STLD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement