Steel Dynamics Quarterly Cash Flow Statement
NASDAQ: STLDIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Steel Dynamics free cash flow
In the quarter ended Jun 30, 2026, Steel Dynamics generated $427.9 million of operating cash flow and spent $123.8 million on capital expenditures. That left free cash flow of $304.1 million, a free-cash-flow margin of 5.0% of revenue. Free cash flow was up 2189.9% from the prior year's $13.3 million.
Steel Dynamics returned $276.8 million to shareholders: $76.6 million in dividends and $200.3 million in share repurchases, equal to 91% of free cash flow. Free cash flow covered dividend payments 4.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Steel Dynamics cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 530.78M | 400.11M | 264.51M | 403.93M | 301.19M | 217.68M | 209.87M | 320.89M | 431.69M | 587.50M | 427.04M | 579.78M |
| Net Income growth (YoY) | +76.23% | +83.81% | +26.04% | +25.88% | -30.23% | -62.95% | -50.85% | -44.65% | -47.11% | -8.82% | -33.17% | -36.88% |
| Depreciation & Amortization | 173.92M | 159.28M | 146.28M | 138.49M | 132.87M | 133.76M | 125.55M | 121.05M | 117.05M | 115.25M | 111.72M | 107.42M |
| Stock-Based Compensation | 14.16M | 17.45M | 23.64M | 14.24M | 14.06M | 17.04M | 25.14M | 12.83M | 13.01M | 15.61M | 21.94M | 12.04M |
| Change in Working Capital | -225.45M | -533.33M | -213.18M | 91.44M | -102.04M | -270.74M | 31.40M | 313.74M | -31.69M | -526.49M | 359.27M | 414.10M |
| Operating Cash Flow | 427.94M | 148.32M | 272.71M | 722.61M | 301.61M | 152.60M | 346.87M | 759.85M | 382.56M | 355.22M | 864.64M | 1.11B |
| Capital Expenditures | -123.84M | -137.98M | -188.50M | -165.69M | -288.33M | -305.51M | -453.18M | -621.36M | -419.17M | -374.31M | -514.95M | -558.36M |
| Investing Cash Flow | -118.04M | -139.07M | -369.97M | -120.53M | -305.70M | -178.76M | 51.16M | -852.00M | -209.59M | -292.93M | -734.79M | -452.55M |
| Dividends Paid | -76.56M | -72.47M | -73.08M | -73.89M | -74.69M | -69.51M | -70.40M | -71.58M | -72.62M | -68.01M | -69.48M | -70.71M |
| Share Repurchases | -200.29M | -115.09M | -240.30M | -210.39M | -200.05M | -250.14M | -295.14M | -309.90M | -309.06M | -298.06M | -386.68M | -331.32M |
| Debt Issued | 695.09M | 599.47M | 1.26B | 407.96M | 484.28M | 1.41B | 337.38M | 1.19B | 580.61M | 379.27M | 299.06M | 345.56M |
| Debt Repaid | -716.22M | -612.36M | -824.44M | -408.29M | -902.61M | -432.53M | -792.09M | -527.98M | -590.05M | -413.94M | -324.62M | -316.51M |
| Financing Cash Flow | -298.67M | -222.76M | 96.84M | -289.66M | -724.78M | 623.29M | -823.77M | 277.37M | -382.35M | -423.85M | -494.38M | -371.03M |
| Net Change in Cash | 11.23M | -213.51M | -425.00K | 312.42M | -728.87M | 597.14M | -425.75M | 185.23M | -209.38M | -361.56M | -364.52M | 290.13M |
| Free Cash Flow | 304.09M | 10.34M | 84.22M | 556.92M | 13.28M | -152.90M | -106.30M | 138.50M | -36.60M | -19.09M | 349.69M | 555.34M |
This table shows 12 quarterly periods of Steel Dynamics's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow STLD's reporting calendar. What is a cash flow statement?