Steel Dynamics (STLD) Operating Expenses (2009 - 2026)
Steel Dynamics (STLD) posted Operating Expenses of $193.5 million for Q2 2026, up 10.4% sequentially from $175.2 million in Q1 2026, and down 2.3% YoY from $198.0 million in Q2 2025.
Steel Dynamics (STLD) Operating Expenses (2009 - 2026) Analysis & Trends
Steel Dynamics has reported Operating Expenses for 15 years, with the latest figure at $193.5 million in Q2 2026.
- Quarterly Operating Expenses fell 2.3% year-over-year to $193.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $754.2 million (up 4.11% YoY) and the FY2025 annual result came in at $765.3 million, up 15.24% from the prior year.
- Operating Expenses grew to $193.5 million in Q2 2026 per STLD's latest filing, from $175.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $200.8 million in Q3 2025 and troughed at $141.2 million in Q2 2023.
- A 4-year average of $170.5 million and a median of $171.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses advanced 23.74% in 2025, then slipped 3.62% in 2026.
- Over 4 years, Operating Expenses stood at $157.2 million in 2023, then rose by 12.53% to $176.9 million in 2024, then rose by 4.38% to $184.6 million in 2025, then grew by 4.77% to $193.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $193.5 million, $175.2 million, and $184.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -427.76 Mn |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 405.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | -780.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 193.45 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 4.19 Bn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 5.28 Bn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -64.82 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | -65.40 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | 81.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 193.45 Mn |
| Mar 31, 2026 | 175.22 Mn |
| Dec 31, 2025 | 184.65 Mn |
| Sep 30, 2025 | 200.84 Mn |
| Jun 30, 2025 | 198.01 Mn |
| Mar 31, 2025 | 181.81 Mn |
| Dec 31, 2024 | 176.90 Mn |
| Sep 30, 2024 | 167.69 Mn |
| Jun 30, 2024 | 160.02 Mn |
| Mar 31, 2024 | 159.51 Mn |
| Dec 31, 2023 | 157.21 Mn |
| Sep 30, 2023 | 145.90 Mn |
| Jun 30, 2023 | 141.21 Mn |
| Mar 31, 2023 | 144.31 Mn |
| Sep 30, 2019 | 131.79 Mn |
| Jun 30, 2019 | 136.13 Mn |
| Mar 31, 2019 | 141.73 Mn |
| Dec 31, 2018 | 155.68 Mn |
| Sep 30, 2018 | 154.51 Mn |
| Jun 30, 2018 | 150.20 Mn |