Steel Dynamics (STLD) Shares Outstanding (2009 - 2026)
Steel Dynamics (STLD) recorded Weighted Average Shares Outstanding of 142.99 million in Q3 2026, down 2.7% from 146.95 million a year earlier and down 0.7% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Steel Dynamics reported Weighted Average Shares Outstanding of 147.81 million, down 4.9% from FY2024.
- Annual Weighted Average Shares Outstanding has declined for nine straight years, with a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- Across earlier years, Weighted Average Shares Outstanding came in at 155.42 million in FY2024 (-6.7%), 166.55 million in FY2023 (-9.2%), 183.39 million in FY2022 (-10.6%) and 205.12 million in FY2021 (-2.9%).
- The Q3 2026 figure is the lowest quarterly Weighted Average Shares Outstanding in data going back to Q2 2009.
- On a year-over-year basis, Weighted Average Shares Outstanding has declined for 39 consecutive quarters, with an average decline of 4.5% over the last eight quarters.
- The year-over-year decline in Weighted Average Shares Outstanding has ranged between 2.7% (Q3 2026) and 11.1% (Q2 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at 144 million (Q2 2026), 144.8 million (Q1 2026) and 147.81 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | 1.62 Bn |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | 829.10 Mn |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | 1.62 Bn |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 1.05 Bn |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | 1.96 Bn |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 501.99 Mn |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 1.44 Bn |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 1.71 Bn |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 228.20 Mn |
| 10 | Steel Dynamics | 31.88 Bn | 28.69 Bn | 1.28 Bn | 142.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 142.99 Mn |
| Jun 30, 2026 | 144.00 Mn |
| Mar 31, 2026 | 144.80 Mn |
| Dec 31, 2025 | 147.81 Mn |
| Sep 30, 2025 | 146.95 Mn |
| Jun 30, 2025 | 148.39 Mn |
| Mar 31, 2025 | 150.26 Mn |
| Dec 31, 2024 | 155.42 Mn |
| Sep 30, 2024 | 154.06 Mn |
| Jun 30, 2024 | 156.86 Mn |
| Mar 31, 2024 | 158.67 Mn |
| Dec 31, 2023 | 166.55 Mn |
| Sep 30, 2023 | 165.17 Mn |
| Jun 30, 2023 | 168.01 Mn |
| Mar 31, 2023 | 171.60 Mn |
| Dec 31, 2022 | 183.39 Mn |
| Sep 30, 2022 | 180.26 Mn |
| Jun 30, 2022 | 186.44 Mn |
| Mar 31, 2022 | 192.16 Mn |
| Dec 31, 2021 | 205.12 Mn |
API Access
Steel Dynamics Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();