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 | — | −7.90% |
| 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% | +10.69% |
| 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% | +14.77% |
| 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% | +7.17% |
| 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% | +7.61% |
| 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 | −$90.8M | — | −3.25% |
| Q3 2010 | 2010-09-30 | $65.2M | $66.7M | — | +4.12% |
| Q2 2010 | 2010-06-30 | −$21.6M | $16.8M | — | −1.32% |
| Q1 2010 | 2010-03-31 | $42.1M | $88.0M | — | +2.70% |
| Q3 2009 | 2009-09-30 | $41.0M | — | — | +3.50% |
| Q2 2009 | 2009-06-30 | −$1.5M | — | — | −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 SEC-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 filings at SEC.gov ↗