Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
246.83
+6.93 (2.89%)
Oct 23, 2026, 12:08 PM EDT - Market open
Steel Dynamics Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,960 | 1,186 | 1,537 | 2,451 | 3,863 | 3,214 |
Depreciation & Amortization | 654.33 | 551.39 | 478.91 | 437.8 | 384.2 | 347.65 |
Stock-Based Compensation | 69.69 | 68.98 | 66.59 | 61.74 | 59.24 | 57.72 |
Other Operating Activities | 3.08 | 85.91 | -35.27 | 52.4 | 52.21 | 351.52 |
Change in Accounts Receivable | -576.48 | -157.46 | 191.11 | 446.77 | -110.56 | -944.52 |
Change in Inventory | -855.72 | -423.44 | -221.04 | 232.28 | 413.26 | -1,686 |
Change in Accounts Payable | 339.57 | 206.84 | -67.36 | -30.15 | -289.04 | 557.74 |
Change in Income Taxes | 157.01 | 52.18 | 10.18 | 56.76 | 31.62 | -105.92 |
Change in Other Net Operating Assets | -56.27 | -120.47 | -115.75 | -188.56 | 56.8 | 411.72 |
Operating Cash Flow | 1,695 | 1,450 | 1,845 | 3,520 | 4,460 | 2,204 |
Operating Cash Flow Growth | 11.23% | -21.41% | -47.60% | -21.09% | 102.36% | 123.31% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -599.93 | -948.03 | -1,868 | -1,658 | -908.9 | -1,006 |
Cash Acquisitions | -175.77 | -175.77 | - | - | -134.09 | - |
Investment in Securities | - | 147.43 | 572.95 | -90.75 | -852.11 | - |
Other Investing Activities | -2.98 | 1.42 | -8.31 | -221.59 | 15.84 | 6.82 |
Investing Cash Flow | -778.68 | -974.96 | -1,303 | -1,970 | -1,879 | -999.42 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 3,554 | 2,483 | 1,366 | 1,465 | 1,517 |
Long-Term Debt Repaid | - | -2,568 | -2,324 | -1,368 | -1,507 | -1,522 |
Net Debt Issued (Repaid) | 416.11 | 985.82 | 158.86 | -1.89 | -42.22 | -5.45 |
Repurchase of Common Stock | -831.23 | -900.87 | -1,212 | -1,452 | -1,801 | -1,061 |
Common Dividends Paid | -298.22 | -291.18 | -282.62 | -271.32 | -237.16 | -212.97 |
Other Financing Activities | -44.6 | -88.09 | -16.68 | -51.73 | -116.3 | -50.42 |
Financing Cash Flow | -757.94 | -294.32 | -1,353 | -1,777 | -2,197 | -1,329 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 158.14 | 180.26 | -811.45 | -227.46 | 384.55 | -124.75 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,095 | 501.51 | -23.5 | 1,862 | 3,552 | 1,198 |
Free Cash Flow Growth | 252.05% | - | - | -47.57% | 196.48% | - |
Free Cash Flow Margin | 4.93% | 2.76% | -0.13% | 9.91% | 15.95% | 6.51% |
Free Cash Flow Per Share | 7.55 | 3.38 | -0.15 | 11.12 | 19.24 | 5.80 |
Levered Free Cash Flow | 429.93 | -109.41 | -319.29 | 1,374 | 2,789 | 264.91 |
Unlevered Free Cash Flow | 516.58 | -65.63 | -284.07 | 1,422 | 2,846 | 300.66 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 186.85 | 156.75 | 100.98 | 103.17 | 100.99 | 103.37 |
Cash Income Tax Paid | 380 | 152 | 463.76 | 642.67 | 1,064 | 737.16 |
Change in Working Capital | -991.9 | -442.34 | -202.86 | 517.1 | 102.08 | -1,767 |