Steel Dynamics (STLD) Operating Expenses (2009 - 2026)

Steel Dynamics has disclosed Operating Expenses across 15 years of filings, most recently posting $175.2 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $175.2 million, down 3.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $758.7 million (up 10.53% YoY), and the FY2025 annual result was $765.3 million, up 15.24% from the prior year.
• Operating Expenses came in at $175.2 million for Q1 2026 at Steel Dynamics, down from $184.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $200.8 million in Q3 2025 to a low of $141.2 million in Q2 2023.
• The 4-year median for Operating Expenses is $167.7 million (2024), against an average of $168.7 million.
• Across the five-year window, Operating Expenses rose 23.74% in 2025 and retreated 3.62% in 2026, its largest moves.
• Steel Dynamics' Operating Expenses stood at $157.2 million in 2023, then grew by 12.53% to $176.9 million in 2024, then grew by 4.38% to $184.6 million in 2025, then dropped by 5.1% to $175.2 million in 2026.
• The last three Operating Expenses figures came in at $175.2 million (Q1 2026), $184.6 million (Q4 2025), and $200.8 million (Q3 2025), per Business Quant data.