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| Date | Value |
|---|---|
| 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 |