Steel Dynamics annual free cash flow
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2025
Steel Dynamics Free Cash Flow (FCF) History (STLD)
Steel Dynamics reported $501.5M in free cash flow for fiscal 2025, an increase of $525.0M from the previous fiscal year, with a free cash flow margin of 2.76%.
View full Steel Dynamics company overviewSteel Dynamics free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $501.5M | $525.0M | — | +2.76% |
| 2024 | 2024-12-31 | −$23.5M | −$1.89B | — | −0.13% |
| 2023 | 2023-12-31 | $1.86B | −$1.69B | −47.57% | +9.91% |
| 2022 | 2022-12-31 | $3.55B | $2.35B | +196.48% | +15.95% |
| 2021 | 2021-12-31 | $1.20B | $1.41B | — | +6.51% |
| 2020 | 2020-12-31 | −$211.0M | −$1.16B | — | −2.20% |
| 2019 | 2019-12-31 | $944.3M | −$231.7M | −19.70% | +9.04% |
| 2018 | 2018-12-31 | $1.18B | $601.6M | +104.72% | +9.97% |
| 2017 | 2017-12-31 | $574.5M | −$80.1M | −12.24% | +6.13% |
| 2016 | 2016-12-31 | $654.6M | −$284.5M | −30.30% | +8.61% |
| 2015 | 2015-12-31 | $939.1M | $422.7M | +81.85% | +12.37% |
| 2014 | 2014-12-31 | $516.4M | $391.1M | +312.06% | +5.90% |
| 2013 | 2013-12-31 | $125.3M | −$96.8M | −43.59% | +1.70% |
| 2012 | 2012-12-31 | $222.2M | −$97.2M | −30.43% | +3.05% |
| 2011 | 2011-12-31 | $319.3M | $283.4M | +789.23% | +3.99% |
| 2010 | 2010-12-31 | $35.9M | −$79.6M | −68.91% | +0.57% |
| 2009 | 2009-12-31 | $115.5M | −$242.3M | −67.72% | +2.92% |
| 2008 | 2008-12-31 | $357.8M | $334.8M | +1455.33% | +4.43% |
| 2007 | 2007-12-31 | $23.0M | — | — | +0.52% |
Steel Dynamics quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $304.1M | $290.8M | +2189.86% | +4.99% |
| Q1 2026 | 2026-03-31 | $10.3M | $163.2M | — | +0.20% |
| Q4 2025 | 2025-12-31 | $84.2M | $190.5M | — | +1.91% |
| Q3 2025 | 2025-09-30 | $556.9M | $418.4M | +302.11% | +11.53% |
| Q2 2025 | 2025-06-30 | $13.3M | $49.9M | — | +0.29% |
| Q1 2025 | 2025-03-31 | −$152.9M | −$133.8M | — | −3.50% |
| Q4 2024 | 2024-12-31 | −$106.3M | −$456.0M | — | −2.75% |
| Q3 2024 | 2024-09-30 | $138.5M | −$416.8M | −75.06% | +3.19% |
| Q2 2024 | 2024-06-30 | −$36.6M | −$486.1M | — | −0.79% |
| Q1 2024 | 2024-03-31 | −$19.1M | −$526.6M | — | −0.41% |
| Q4 2023 | 2023-12-31 | $349.7M | −$449.5M | −56.25% | +8.26% |
| Q3 2023 | 2023-09-30 | $555.3M | −$699.6M | −55.75% | +12.11% |
| Q2 2023 | 2023-06-30 | $449.5M | −$388.2M | −46.34% | +8.85% |
| Q1 2023 | 2023-03-31 | $507.5M | −$152.2M | −23.07% | +10.37% |
| Q4 2022 | 2022-12-31 | $799.2M | $279.9M | +53.89% | +14.67% |
| Q3 2022 | 2022-09-30 | $1.25B | $838.7M | +201.53% | +23.07% |
| Q2 2022 | 2022-06-30 | $837.7M | $527.7M | +170.21% | +14.04% |
| Q1 2022 | 2022-03-31 | $659.6M | $707.3M | — | +12.19% |
| Q4 2021 | 2021-12-31 | $519.4M | $724.6M | — | +9.73% |
| Q3 2021 | 2021-09-30 | $416.2M | $592.0M | — | +8.19% |
| Q2 2021 | 2021-06-30 | $310.0M | $133.7M | +75.86% | +6.96% |
| Q1 2021 | 2021-03-31 | −$47.7M | −$41.4M | — | −1.35% |
| Q4 2020 | 2020-12-31 | −$205.2M | −$456.0M | — | −7.89% |
| Q3 2020 | 2020-09-30 | −$175.9M | −$465.9M | — | −7.56% |
| Q2 2020 | 2020-06-30 | $176.3M | −$100.1M | −36.21% | +8.42% |
| Q1 2020 | 2020-03-31 | −$6.3M | −$133.4M | — | −0.24% |
| Q4 2019 | 2019-12-31 | $250.8M | −$177.3M | −41.42% | +10.67% |
| Q3 2019 | 2019-09-30 | $290.1M | −$59.7M | −17.07% | +11.50% |
| Q2 2019 | 2019-06-30 | $276.4M | $5.5M | +2.04% | +9.99% |
| Q1 2019 | 2019-03-31 | $127.1M | −$212,000 | −0.17% | +4.52% |
| Q4 2018 | 2018-12-31 | $428.1M | $273.2M | +176.34% | +14.74% |
| Q3 2018 | 2018-09-30 | $349.8M | $166.7M | +91.07% | +10.86% |
| Q2 2018 | 2018-06-30 | $270.8M | $233.1M | +617.70% | +8.78% |
| Q1 2018 | 2018-03-31 | $127.3M | −$71.4M | −35.94% | +4.90% |
| Q4 2017 | 2017-12-31 | $154.9M | $22.5M | +17.02% | +6.63% |
| Q3 2017 | 2017-09-30 | $183.1M | $46.5M | +34.02% | +7.49% |
| Q2 2017 | 2017-06-30 | $37.7M | −$84.5M | −69.14% | +1.58% |
| Q1 2017 | 2017-03-31 | $198.8M | −$64.6M | −24.52% | +8.39% |
| Q4 2016 | 2016-12-31 | $132.4M | −$184.9M | −58.27% | +6.93% |
| Q3 2016 | 2016-09-30 | $136.6M | $2.5M | +1.86% | +6.50% |
| Q2 2016 | 2016-06-30 | $122.3M | −$164.1M | −57.30% | +6.04% |
| Q1 2016 | 2016-03-31 | $263.3M | $62.0M | +30.77% | +15.12% |
| Q4 2015 | 2015-12-31 | $317.3M | $15.9M | +5.29% | +19.94% |
| Q3 2015 | 2015-09-30 | $134.1M | −$90.6M | −40.32% | +6.87% |
| Q2 2015 | 2015-06-30 | $286.4M | $243.9M | +574.18% | +14.28% |
| Q1 2015 | 2015-03-31 | $201.4M | $253.4M | — | +9.83% |
| Q4 2014 | 2014-12-31 | $301.4M | $275.0M | +1042.14% | +11.97% |
| Q3 2014 | 2014-09-30 | $224.7M | $93.6M | +71.39% | +9.61% |
| Q2 2014 | 2014-06-30 | $42.5M | $59.0M | — | +2.05% |
| Q1 2014 | 2014-03-31 | −$52.1M | −$36.5M | — | −2.85% |
| Q4 2013 | 2013-12-31 | $26.4M | −$115.1M | −81.35% | +1.42% |
| Q3 2013 | 2013-09-30 | $131.1M | $72.1M | +122.12% | +6.86% |
| Q2 2013 | 2013-06-30 | −$16.5M | −$62.3M | — | −0.92% |
| Q1 2013 | 2013-03-31 | −$15.6M | $8.5M | — | −0.87% |
| Q4 2012 | 2012-12-31 | $141.5M | $122.7M | +654.65% | +8.30% |
| Q3 2012 | 2012-09-30 | $59.0M | −$125.3M | −67.98% | +3.49% |
| Q2 2012 | 2012-06-30 | $45.8M | −$85.2M | −65.03% | +2.40% |
| Q1 2012 | 2012-03-31 | −$24.1M | −$9.4M | — | −1.22% |
| Q4 2011 | 2011-12-31 | $18.7M | $68.5M | — | +1.01% |
| Q3 2011 | 2011-09-30 | $184.3M | $119.1M | +182.74% | +9.02% |
| Q2 2011 | 2011-06-30 | $131.0M | $152.6M | — | +6.30% |
| Q1 2011 | 2011-03-31 | −$14.8M | −$56.8M | — | −0.73% |
| Q4 2010 | 2010-12-31 | −$49.7M | — | — | −3.25% |
| Q3 2010 | 2010-09-30 | $65.2M | $24.2M | +58.94% | +4.12% |
| Q2 2010 | 2010-06-30 | −$21.6M | −$20.1M | — | −1.32% |
| Q1 2010 | 2010-03-31 | $42.1M | — | — | +2.70% |
| Q3 2009 | 2009-09-30 | $41.0M | $79.4M | — | +3.50% |
| Q2 2009 | 2009-06-30 | −$1.5M | $44.4M | — | −0.19% |
| Q3 2008 | 2008-09-30 | −$38.4M | — | — | −1.50% |
| Q2 2008 | 2008-06-30 | −$45.9M | — | — | −1.91% |
Steel Dynamics free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$211.0M to $501.5M, a net increase of $712.5M. Steel Dynamics's latest reported quarter, Q2 2026, generated $304.1M in free cash flow, an increase of 2189.86% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Steel Dynamics source filings ↗Community posts
Steel Dynamics expects higher earnings and record steel shipments
Steel Dynamics ($STLD) forecast third-quarter earnings of $5.34–5.38 per share, up from $3.69 in the preceding quarter and $2.74 a year earlier. Management expects record steel shipments and stronger steelmaking margins, reflecting higher s ...
