Steel Dynamics (STLD) FCF Margin (2009 - 2026)

Steel Dynamics has disclosed FCF Margin across 18 years of filings, most recently posting 0.2% for Q1 2026.

• FCF Margin for Q1 2026 came in at 0.2%, up 370.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.5% (up 441.0% YoY), and the FY2025 annual result was 2.76%, up 289.0% from the prior year.
• FCF Margin came in at 0.2% for Q1 2026 at Steel Dynamics, down from 1.91% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 22.2% in Q3 2022 to a low of 3.5% in Q1 2025.
• The 5-year median for FCF Margin is 8.26% (2023), against an average of 6.67%.
• Across the five-year window, FCF Margin surged 1401 bps in 2022 and plunged 1101 bps in 2024, its largest moves.
• Steel Dynamics' FCF Margin stood at 16.56% in 2022, then tumbled by 50 bps to 8.26% in 2023, then plunged by 133 bps to 2.75% in 2024, then jumped by 169 bps to 1.91% in 2025, then plunged by 90 bps to 0.2% in 2026.
• The last three FCF Margin figures came in at 0.2% (Q1 2026), 1.91% (Q4 2025), and 11.53% (Q3 2025), per Business Quant data.