Steel Dynamics (STLD) Change in Taxes (2009 - 2026)
Steel Dynamics (STLD) posted Change in Taxes of -$109.9 million for Q2 2026, down 247.64% sequentially from $74.4 million in Q1 2026, and down 32.86% YoY from -$163.7 million in Q2 2025.
Steel Dynamics (STLD) Change in Taxes (2009 - 2026) Analysis & Trends
Steel Dynamics has reported Change in Taxes for 18 years, with the latest figure at -$109.9 million in Q2 2026.
- Quarterly Change in Taxes fell 32.86% year-over-year to -$109.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $56.6 million (up 213.92% YoY) and the FY2025 annual result came in at $52.2 million, up 412.41% from the prior year.
- Change in Taxes eased to -$109.9 million in Q2 2026 per STLD's latest filing, from $74.4 million in the prior quarter.
- Over five years, Change in Taxes peaked at $341.9 million in Q1 2022 and troughed at -$203.4 million in Q2 2022.
- A 5-year average of $6.4 million and a median of -$10.0 million in 2023 frame the typical range for Change in Taxes.
- The sharpest annual moves came in 2022 and 2025: Change in Taxes tumbled 838.09% in 2022, then jumped 4863.49% in 2025.
- Over 5 years, Change in Taxes stood at -$115.2 million in 2022, then jumped by 65.36% to -$39.9 million in 2023, then soared by 107.93% to $3.2 million in 2024, then surged by 4863.49% to $157.1 million in 2025, then tumbled by 169.93% to -$109.9 million in 2026.
- According to Business Quant data, Change in Taxes over the past three periods registered -$109.9 million, $74.4 million, and $157.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.84 Bn | 98.95 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.75 Bn | 53.05 Bn | 2.03 Bn | 32.00 Mn |
| 3 | ArcelorMittal | 54.97 Bn | 50.12 Bn | - | - |
| 4 | Steel Dynamics | 32.99 Bn | 32.40 Bn | 958.97 Mn | -109.89 Mn |
| 5 | Reliance | 19.82 Bn | 19.59 Bn | 1.30 Bn | - |
| 6 | Cleveland-Cliffs | 6.46 Bn | 6.39 Bn | 132.00 Mn | -2.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 110.36 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn | -4.13 Mn |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -109.89 Mn |
| Jun 30, 2026 | -109.89 Mn |
| Mar 31, 2026 | 74.43 Mn |
| Mar 31, 2026 | 74.43 Mn |
| Dec 31, 2025 | 157.14 Mn |
| Dec 31, 2025 | 157.14 Mn |
| Sep 30, 2025 | -65.07 Mn |
| Sep 30, 2025 | -65.07 Mn |
| Jun 30, 2025 | -82.71 Mn |
| Jun 30, 2025 | -82.71 Mn |
| Mar 31, 2025 | 42.82 Mn |
| Mar 31, 2025 | 42.82 Mn |
| Dec 31, 2024 | 3.17 Mn |
| Dec 31, 2024 | 3.17 Mn |
| Sep 30, 2024 | -12.97 Mn |
| Sep 30, 2024 | -12.97 Mn |
| Jun 30, 2024 | -145.68 Mn |
| Jun 30, 2024 | -145.68 Mn |
| Mar 31, 2024 | 165.66 Mn |
| Mar 31, 2024 | 165.66 Mn |