Steel Dynamics (STLD) Work In Process (2010 - 2026)
Steel Dynamics' (STLD) quarterly Work In Process came in at $706.6 million in Q2 2026, up 88.7% year-over-year from $374.4 million in Q2 2025, and up 13.45% quarter-over-quarter from $622.8 million in Q1 2026.
Analysis
Steel Dynamics (STLD) Work In Process (2010 - 2026) Analysis & Trends
Steel Dynamics has disclosed Work In Process across 17 years of filings, most recently posting $706.6 million for Q2 2026.
- In Q2 2026, Work In Process rose 88.7% year-over-year to $706.6 million; the TTM figure through Jun 2026 stood at $706.6 million (up 88.7% YoY), while the FY2025 annual figure was $414.5 million, up 54.07% from the prior year.
- Work In Process came in at $706.6 million for Q2 2026 at Steel Dynamics, up from $622.8 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $706.6 million in Q2 2026 to a low of $256.1 million in Q4 2022.
- Average Work In Process over 5 years is $370.2 million, with a median of $334.8 million recorded in 2024.
- The largest YoY upside for Work In Process was 107.78% in 2022 against a maximum downside of 36.33% in 2022.
- Over 5 years, Work In Process stood at $256.1 million in 2022, then advanced by 15.96% to $296.9 million in 2023, then retreated by 9.4% to $269.0 million in 2024, then soared by 54.07% to $414.5 million in 2025, then surged by 70.46% to $706.6 million in 2026.
- Per Business Quant data, the three most recent Work In Process figures were $706.6 million in Q2 2026, $622.8 million in Q1 2026, and $414.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ternium | 112.24 Bn | 102.35 Bn | 941.02 Mn |
| 2 | Nucor | 58.03 Bn | 55.33 Bn | 2.03 Bn |
| 3 | Steel Dynamics | 34.16 Bn | 33.57 Bn | 958.97 Mn |
| 4 | Gerdau | 10.06 Bn | 8.99 Bn | 558.98 Mn |
| 5 | Commercial Metals | 7.42 Bn | 6.86 Bn | 455.14 Mn |
| 6 | Cleveland-Cliffs | 6.73 Bn | 6.66 Bn | 132.00 Mn |
| 7 | Posco Holdings | 4.66 Bn | -5.01 Bn | 1.11 Bn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - |
| 9 | National Steel | 1.76 Bn | -1.07 Bn | 579.08 Mn |
| 10 | SunCoke Energy | 864.71 Mn | 822.01 Mn | 100.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 706.55 Mn |
| Mar 31, 2026 | 622.81 Mn |
| Dec 31, 2025 | 414.49 Mn |
| Sep 30, 2025 | 372.26 Mn |
| Jun 30, 2025 | 374.43 Mn |
| Mar 31, 2025 | 339.29 Mn |
| Dec 31, 2024 | 269.03 Mn |
| Sep 30, 2024 | 287.01 Mn |
| Jun 30, 2024 | 316.02 Mn |
| Mar 31, 2024 | 330.22 Mn |
| Dec 31, 2023 | 296.93 Mn |
| Sep 30, 2023 | 341.04 Mn |
| Jun 30, 2023 | 305.69 Mn |
| Mar 31, 2023 | 291.54 Mn |
| Dec 31, 2022 | 256.07 Mn |
| Sep 30, 2022 | 314.66 Mn |
| Jun 30, 2022 | 388.83 Mn |
| Mar 31, 2022 | 435.90 Mn |
| Dec 31, 2021 | 402.21 Mn |
| Sep 30, 2021 | 305.29 Mn |