Steel Dynamics annual net debt
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2025
Steel Dynamics Net Debt Growth & History (STLD)
Steel Dynamics's net debt was $3.61B for fiscal 2025.
View full Steel Dynamics company overviewSteel Dynamics annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.61B | $857.1M | +31.10% |
| 2024 | 2024-12-31 | $2.76B | $957.6M | +53.25% |
| 2023 | 2023-12-31 | $1.80B | $245.5M | +15.81% |
| 2022 | 2022-12-31 | $1.55B | −$409.3M | −20.86% |
| 2021 | 2021-12-31 | $1.96B | $137.7M | +7.55% |
| 2020 | 2020-12-31 | $1.82B | $396.1M | +27.73% |
| 2019 | 2019-12-31 | $1.43B | −$120.2M | −7.76% |
| 2018 | 2018-12-31 | $1.55B | $195.2M | +14.42% |
| 2017 | 2017-12-31 | $1.35B | −$162.1M | −10.69% |
| 2016 | 2016-12-31 | $1.52B | −$352.3M | −18.86% |
| 2015 | 2015-12-31 | $1.87B | −$752.9M | −28.73% |
| 2014 | 2014-12-31 | $2.62B | $908.1M | +53.03% |
| 2013 | 2013-12-31 | $1.71B | −$113.9M | −6.24% |
| 2012 | 2012-12-31 | $1.83B | −$163.0M | −8.19% |
| 2011 | 2011-12-31 | $1.99B | −$211.0M | −9.59% |
| 2010 | 2010-12-31 | $2.20B | $154.7M | +7.56% |
| 2009 | 2009-12-31 | $2.05B | −$157.4M | −7.14% |
| 2008 | 2008-12-31 | $2.20B | — | — |
Steel Dynamics quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.61B | $291.5M | +8.77% |
| Q1 2026 | 2026-03-31 | $3.64B | $635.1M | +21.11% |
| Q4 2025 | 2025-12-31 | $3.61B | $857.1M | +31.10% |
| Q3 2025 | 2025-09-30 | $3.01B | $343.4M | +12.87% |
| Q2 2025 | 2025-06-30 | $3.32B | $1.12B | +51.15% |
| Q1 2025 | 2025-03-31 | $3.01B | $1.01B | +50.57% |
| Q4 2024 | 2024-12-31 | $2.76B | $957.6M | +53.25% |
| Q3 2024 | 2024-09-30 | $2.67B | $1.34B | +100.71% |
| Q2 2024 | 2024-06-30 | $2.20B | $606.1M | +38.06% |
| Q1 2024 | 2024-03-31 | $2.00B | $542.7M | +37.27% |
| Q4 2023 | 2023-12-31 | $1.80B | $245.5M | +15.81% |
| Q3 2023 | 2023-09-30 | $1.33B | −$285.0M | −17.65% |
| Q2 2023 | 2023-06-30 | $1.59B | −$448.8M | −21.99% |
| Q1 2023 | 2023-03-31 | $1.46B | −$433.1M | −22.93% |
| Q4 2022 | 2022-12-31 | $1.55B | −$409.3M | −20.86% |
| Q3 2022 | 2022-09-30 | $1.61B | −$364.0M | −18.40% |
| Q2 2022 | 2022-06-30 | $2.04B | $44.9M | +2.25% |
| Q1 2022 | 2022-03-31 | $1.89B | $36.7M | +1.98% |
| Q4 2021 | 2021-12-31 | $1.96B | $137.7M | +7.55% |
| Q3 2021 | 2021-09-30 | $1.98B | $527.3M | +36.34% |
| Q2 2021 | 2021-06-30 | $2.00B | $782.1M | +64.41% |
| Q1 2021 | 2021-03-31 | $1.85B | $371.6M | +25.10% |
| Q4 2020 | 2020-12-31 | $1.82B | $396.1M | +27.73% |
| Q3 2020 | 2020-09-30 | $1.45B | $84.7M | +6.20% |
| Q2 2020 | 2020-06-30 | $1.21B | −$319.5M | −20.83% |
| Q1 2020 | 2020-03-31 | $1.48B | −$235.9M | −13.74% |
| Q4 2019 | 2019-12-31 | $1.43B | −$120.2M | −7.76% |
| Q3 2019 | 2019-09-30 | $1.37B | −$115.9M | −7.82% |
| Q2 2019 | 2019-06-30 | $1.53B | −$116.3M | −7.05% |
| Q1 2019 | 2019-03-31 | $1.72B | $339.0M | +24.61% |
| Q4 2018 | 2018-12-31 | $1.55B | $195.2M | +14.42% |
| Q3 2018 | 2018-09-30 | $1.48B | $50.3M | +3.51% |
| Q2 2018 | 2018-06-30 | $1.65B | $184.5M | +12.59% |
| Q1 2018 | 2018-03-31 | $1.38B | −$12.4M | −0.89% |
| Q4 2017 | 2017-12-31 | $1.35B | −$162.1M | −10.69% |
| Q3 2017 | 2017-09-30 | $1.43B | −$103.3M | −6.73% |
| Q2 2017 | 2017-06-30 | $1.47B | −$73.1M | −4.75% |
| Q1 2017 | 2017-03-31 | $1.39B | −$231.5M | −14.28% |
| Q4 2016 | 2016-12-31 | $1.52B | −$352.3M | −18.86% |
| Q3 2016 | 2016-09-30 | $1.54B | −$638.1M | −29.36% |
| Q2 2016 | 2016-06-30 | $1.54B | −$696.7M | −31.17% |
| Q1 2016 | 2016-03-31 | $1.62B | −$871.8M | −34.97% |
| Q4 2015 | 2015-12-31 | $1.87B | −$752.9M | −28.73% |
| Q3 2015 | 2015-09-30 | $2.17B | −$728.6M | −25.11% |
| Q2 2015 | 2015-06-30 | $2.24B | $788.8M | +54.54% |
| Q1 2015 | 2015-03-31 | $2.49B | $737.4M | +41.99% |
| Q4 2014 | 2014-12-31 | $2.62B | $908.1M | +53.03% |
| Q3 2014 | 2014-09-30 | $2.90B | $1.16B | +66.90% |
| Q2 2014 | 2014-06-30 | $1.45B | −$408.3M | −22.02% |
| Q1 2014 | 2014-03-31 | $1.76B | −$67.1M | −3.68% |
| Q4 2013 | 2013-12-31 | $1.71B | −$113.9M | −6.24% |
| Q3 2013 | 2013-09-30 | $1.74B | −$178.0M | −9.29% |
| Q2 2013 | 2013-06-30 | $1.85B | −$92.3M | −4.74% |
| Q1 2013 | 2013-03-31 | $1.82B | −$190.9M | −9.48% |
| Q4 2012 | 2012-12-31 | $1.83B | −$163.0M | −8.19% |
| Q3 2012 | 2012-09-30 | $1.92B | −$6.6M | −0.35% |
| Q2 2012 | 2012-06-30 | $1.95B | −$154.6M | −7.36% |
| Q1 2012 | 2012-03-31 | $2.01B | −$203.6M | −9.18% |
| Q4 2011 | 2011-12-31 | $1.99B | −$211.0M | −9.59% |
| Q3 2011 | 2011-09-30 | $1.92B | −$215.8M | −10.09% |
| Q2 2011 | 2011-06-30 | $2.10B | −$108.4M | −4.91% |
| Q1 2011 | 2011-03-31 | $2.22B | — | — |
| Q4 2010 | 2010-12-31 | $2.20B | $154.7M | +7.56% |
| Q3 2010 | 2010-09-30 | $2.14B | $96.4M | +4.72% |
| Q2 2010 | 2010-06-30 | $2.21B | $198.4M | +9.86% |
| Q4 2009 | 2009-12-31 | $2.05B | −$157.4M | −7.14% |
| Q3 2009 | 2009-09-30 | $2.04B | — | — |
| Q2 2009 | 2009-06-30 | $2.01B | — | — |
| Q4 2008 | 2008-12-31 | $2.20B | — | — |
Steel Dynamics net debt trends
Over the last five fiscal years, Steel Dynamics's net debt increased from $1.82B to $3.61B, a change of $1.79B. The latest reported quarter, Q2 2026, shows $3.61B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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