Steel Dynamics (STLD) Invested Capital (2009 - 2026)

Steel Dynamics' (STLD) quarterly Invested Capital came in at $13.4 billion in Q1 2026, up 3.9% year-on-year from $12.9 billion in Q1 2025, and up 1.58% quarter-over-quarter from $13.2 billion in Q4 2025.

Steel Dynamics (STLD) Invested Capital (2009 - 2026) Analysis & Trends

Steel Dynamics has disclosed Invested Capital across 18 years of filings, most recently posting $13.4 billion for Q1 2026.

  • Invested Capital for Q1 2026 came in at $13.4 billion, up 3.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.4 billion (up 3.9% YoY), and the FY2025 annual result was $13.2 billion, up 9.88% from the prior year.
  • Invested Capital came in at $13.4 billion for Q1 2026 at Steel Dynamics, up from $13.2 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $13.4 billion in Q1 2026 to a low of $9.9 billion in Q1 2022.
  • The 5-year median for Invested Capital is $12.0 billion (2024), against an average of $11.9 billion.
  • Across the five-year window, Invested Capital jumped 31.77% in 2022 and gained 1.48% in 2025, its largest moves.
  • Steel Dynamics' Invested Capital stood at $11.0 billion in 2022, then grew by 6.85% to $11.8 billion in 2023, then increased by 1.75% to $12.0 billion in 2024, then rose by 9.88% to $13.2 billion in 2025, then climbed by 1.58% to $13.4 billion in 2026.
  • The last three Invested Capital figures came in at $13.4 billion (Q1 2026), $13.2 billion (Q4 2025), and $12.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn 3.96 Bn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 21.59 Bn
3 ArcelorMittal 51.15 Bn 48.81 Bn - 2.74 Bn
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 13.36 Bn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 7.13 Bn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 13.59 Bn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 252.23
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 1.32 Bn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 406.72 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 13.36 Bn
Dec 31, 2025 13.16 Bn
Sep 30, 2025 12.80 Bn
Jun 30, 2025 12.50 Bn
Mar 31, 2025 12.86 Bn
Dec 31, 2024 11.97 Bn
Sep 30, 2024 12.61 Bn
Jun 30, 2024 12.05 Bn
Mar 31, 2024 11.98 Bn
Dec 31, 2023 11.77 Bn
Sep 30, 2023 11.79 Bn
Jun 30, 2023 11.59 Bn
Mar 31, 2023 11.22 Bn
Dec 31, 2022 11.01 Bn
Sep 30, 2022 10.86 Bn
Jun 30, 2022 10.48 Bn
Mar 31, 2022 9.85 Bn
Dec 31, 2021 9.21 Bn
Sep 30, 2021 8.54 Bn
Jun 30, 2021 7.95 Bn