Steel Dynamics (STLD) Change in Inventory (2009 - 2026)

Steel Dynamics' (STLD) quarterly Change in Inventory came in at $174.4 million in Q1 2026, up 1363.05% year-on-year from $11.9 million in Q1 2025, and down 48.44% quarter-over-quarter from $338.3 million in Q4 2025.

Steel Dynamics (STLD) Change in Inventory (2009 - 2026) Analysis & Trends

Steel Dynamics has disclosed Change in Inventory across 18 years of filings, most recently posting $174.4 million for Q1 2026.

  • Change in Inventory for Q1 2026 came in at $174.4 million, up 1363.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $611.7 million (up 724.34% YoY), and the FY2025 annual result was $423.4 million, up 91.57% from the prior year.
  • Change in Inventory came in at $174.4 million for Q1 2026 at Steel Dynamics, down from $338.3 million in the prior quarter.
  • In the past five years, Change in Inventory ranged from a high of $338.3 million in Q4 2025 to a low of -$270.6 million in Q3 2022.
  • The 5-year median for Change in Inventory is -$13.8 million (2025), against an average of $10.2 million.
  • Across the five-year window, Change in Inventory tumbled 885.76% in 2023 and soared 1363.05% in 2026, its largest moves.
  • Steel Dynamics' Change in Inventory stood at -$258.9 million in 2022, then surged by 83.02% to -$44.0 million in 2023, then surged by 258.21% to $69.5 million in 2024, then soared by 386.56% to $338.3 million in 2025, then tumbled by 48.44% to $174.4 million in 2026.
  • The last three Change in Inventory figures came in at $174.4 million (Q1 2026), $338.3 million (Q4 2025), and -$64.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 183.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - 18.71 Bn
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 174.43 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 47.70 Mn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -174.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 21.10 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn -6.39 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 174.43 Mn
Mar 31, 2026 174.43 Mn
Dec 31, 2025 338.33 Mn
Dec 31, 2025 338.33 Mn
Sep 30, 2025 -64.50 Mn
Sep 30, 2025 -64.50 Mn
Jun 30, 2025 163.42 Mn
Jun 30, 2025 163.42 Mn
Mar 31, 2025 -13.81 Mn
Mar 31, 2025 -13.81 Mn
Dec 31, 2024 69.54 Mn
Dec 31, 2024 69.54 Mn
Sep 30, 2024 -28.17 Mn
Sep 30, 2024 -28.17 Mn
Jun 30, 2024 46.65 Mn
Jun 30, 2024 46.65 Mn
Mar 31, 2024 133.03 Mn
Mar 31, 2024 133.03 Mn
Dec 31, 2023 -43.95 Mn
Dec 31, 2023 -43.95 Mn