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