Steel Dynamics (STLD) Work In Process (2010 - 2026)
Steel Dynamics' (STLD) quarterly Work In Process came in at $622.8 million in Q1 2026, up 83.56% year-on-year from $339.3 million in Q1 2025, and up 50.26% quarter-over-quarter from $414.5 million in Q4 2025.
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 $622.8 million for Q1 2026.
- Work In Process for Q1 2026 came in at $622.8 million, up 83.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $622.8 million (up 83.56% YoY), and the FY2025 annual result was $414.5 million, up 54.07% from the prior year.
- Work In Process came in at $622.8 million for Q1 2026 at Steel Dynamics, up from $414.5 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $622.8 million in Q1 2026 to a low of $256.1 million in Q4 2022.
- The 5-year median for Work In Process is $330.2 million (2024), against an average of $350.4 million.
- Peak annual rise in Work In Process reached 107.78% in 2022, while the deepest fall reached 36.33% in 2022.
- Steel Dynamics' 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 soared by 50.26% to $622.8 million in 2026.
- The last three Work In Process figures came in at $622.8 million (Q1 2026), $414.5 million (Q4 2025), and $372.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 236.73 Mn |