Steel Dynamics (STLD) Stock Buyback History
TTM buyback yield 2.94% · Shareholder yield (TTM) 2.94%.
STLD
TTM buyback yield
2.94%
Shareholder yield (TTM)
2.94%
5Y share count change
-30.1%
TTM buyback spend
$765.82M
SBC coverage (TTM)
24.30x
YoY change in spend
-25.7%
5Y CAGR of spend
+53.3%
Peak year (2022)
$1.80B
Cumulative spend
$9.25B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Steel Dynamics (STLD) repurchased about $765.82M of stock over the trailing twelve months.
- Diluted share count is down 30.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 24.30× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +53.3% per year over the latest 5-year window.
- TTM repurchases used about 207% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $900.87M | $0.00 | $900.87M | 0.15B | -5.0% | 3.65% |
| 2024 | $1.21B | $66.59M | $1.15B | 0.16B | -6.7% | 6.99% |
| 2023 | $1.45B | $61.74M | $1.39B | 0.17B | -9.3% | 7.62% |
| 2022 | $1.80B | $59.24M | $1.74B | 0.18B | -10.6% | 10.55% |
| 2021 | $1.06B | $57.72M | $1.00B | 0.21B | -2.7% | 8.66% |
| 2020 | $106.53M | $55.60M | $50.93M | 0.21B | -3.8% | 1.37% |
| 2019 | $348.61M | $47.63M | $300.98M | 0.22B | -6.1% | 4.76% |
| 2018 | $523.57M | $43.32M | $480.25M | 0.24B | -2.7% | 7.60% |
| 2017 | $252.24M | $36.20M | $216.04M | 0.24B | -1.4% | 2.47% |
| 2016 | $25.03M | $31.66M | −$6.62M | 0.25B | 1.4% | 0.29% |
| 2015 | $0.00 | $22.60M | −$22.60M | 0.24B | -0.0% | — |
| 2014 | $0.00 | $14.02M | −$14.02M | 0.24B | 1.3% | — |
| 2013 | $0.00 | $15.50M | −$15.50M | 0.24B | 1.0% | — |
| 2012 | $0.00 | $12.45M | −$12.45M | 0.24B | 0.3% | — |
| 2011 | $0.00 | $17.28M | −$17.28M | 0.24B | 0.5% | — |
| 2010 | $0.00 | $14.69M | −$14.69M | 0.23B | 16.9% | — |
| 2009 | $0.00 | $17.59M | −$17.59M | 0.20B | 3.1% | — |
| 2008 | $501.78M | $14.28M | $487.50M | 0.19B | -1.1% | 24.68% |
| 2007 | $533.65M | $8.07M | $525.58M | 0.20B | -7.0% | 9.61% |
| 2006 | $247.41M | $8.86M | $238.55M | 0.21B | 2.4% | 8.24% |
| 2005 | $186.76M | $0.00 | $186.76M | 0.21B | -8.6% | 12.19% |
| 2004 | $55.18M | $0.00 | $55.18M | 0.23B | 3.0% | 3.05% |
| 2003 | $0.00 | $0.00 | $0.00 | 0.22B | 15.6% | — |
| 2002 | $43.00K | $0.00 | $43.00K | 0.19B | 3.5% | 0.01% |
| 2001 | $0.00 | $0.00 | $0.00 | 0.18B | -2.4% | — |
| 2000 | $26.88M | $0.00 | $26.88M | 0.19B | -2.4% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.19B | -1.5% | — |
| 1998 | $18.40M | $0.00 | $18.40M | 0.20B | -0.0% | — |
| 1997 | $1.20M | $0.00 | $1.20M | 0.20B | 41.4% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.14B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Steel Dynamics (STLD) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Steel Dynamics (STLD)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Steel Dynamics (STLD)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $900.87M | -25.7% | -$311.29M | ||
| 2024 | $1.21B | -16.5% | -$240.04M | ||
| 2023 | $1.45B | -19.4% | -$348.70M | ||
| 2022 | $1.80B | +69.8% | +$740.27M | ||
| 2021 | $1.06B | +895.6% | +$954.10M | ||
| 2020 | $106.53M | -69.4% | -$242.08M | ||
| 2019 | $348.61M | -33.4% | -$174.96M | ||
| 2018 | $523.57M | +107.6% | +$271.33M | ||
| 2017 | $252.24M | +907.6% | +$227.21M | ||
| 2016 | $25.03M | — | +$25.03M | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$501.78M | ||
| 2008 | $501.78M | -6.0% | -$31.88M | ||
| 2007 | $533.65M | +115.7% | +$286.24M | ||
| 2006 | $247.41M | +32.5% | +$60.65M | ||
| 2005 | $186.76M | +238.5% | +$131.59M | ||
| 2004 | $55.18M | — | +$55.18M | ||
| 2003 | $0 | -100.0% | -$43,000 | ||
| 2002 | $43,000 | — | +$43,000 | ||
| 2001 | $0 | -100.0% | -$26.88M | ||
| 2000 | $26.88M | — | +$26.88M | ||
| 1999 | $0 | -100.0% | -$18.40M | ||
| 1998 | $18.40M | +1433.3% | +$17.20M | ||
| 1997 | $1.20M | — | +$1.20M | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | — |
2025's annual buyback spend for Steel Dynamics (STLD) came in at $900.87M – declined 25.7% year-over-year.
Steel Dynamics buyback spend has recorded the values shown across consecutive periods, with a +53.3% compound annual growth rate over 2020–2025 (5 years).
Between 2022 and 2025, Steel Dynamics buyback spend plunged 50.0%, falling from $1.80B to $900.87M.
2022 marks the peak buyback spend at $1.80B, with the historical low of $0 recorded in 1995.
Steel Dynamics (STLD) sits 4th of 8 Basic Materials peers we track on this metric, against a peer median of $733.35M.
Steel Dynamics Buyback Spend 2025: $900.87M
Steel Dynamics buyback spend in 2025 was $900.87M, declined 25.7% below 2024.
Steel Dynamics Buyback Spend 2024: $1.21B
Steel Dynamics buyback spend in 2024 was $1.21B, declined 16.5% below 2023.
Steel Dynamics Buyback Spend 2023: $1.45B
Steel Dynamics buyback spend in 2023 was $1.45B, declined 19.4% below 2022.
Steel Dynamics Buyback Spend 2022: $1.80B
Steel Dynamics buyback spend in 2022 was $1.80B, surged 69.8% from 2021. This figure represents the highest annual value in the available history.
Steel Dynamics Buyback Spend 2021: $1.06B
Steel Dynamics buyback spend in 2021 was $1.06B.
See more financial history for Steel Dynamics (STLD).
Sector peers by buyback spend
Companies in the same sector as Steel Dynamics, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Linde (LIN) | $4.60B | Basic Materials |
| Newmont (NEM) | $2.30B | Basic Materials |
| CRH (CRH) | $1.18B | Basic Materials |
| Ecolab (ECL) | $783.80M | Basic Materials |
| Agnico Eagle Mines (AEM) | $682.89M | Basic Materials |
| Freeport-McMoRan (FCX) | $107.00M | Basic Materials |
| Southern Copper (SCCO) | $0 | Basic Materials |
| Sherwin-Williams (SHW) | $0 | Basic Materials |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 24.30×.
Capital allocation mix
How Steel Dynamics splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $370.62M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Steel Dynamics's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Steel Dynamics buy back its own stock?
Yes, Steel Dynamics (STLD) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Steel Dynamics spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $765.82M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Steel Dynamics's buyback yield?
TTM buyback yield is about 2.94% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Steel Dynamics's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.94% combined (TTM-based where available).
Is Steel Dynamics diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Steel Dynamics's share count changed?
Diluted weighted average shares changed by about -30.1% over roughly five fiscal years (annual income statement data).
What is Steel Dynamics's buyback spend?
Latest reported buyback spend for Steel Dynamics (STLD) is $765.82M (period ending March 31, 2026).
How has Steel Dynamics buyback spend changed year-over-year?
Steel Dynamics (STLD) buyback spend changed -25.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Steel Dynamics buyback spend?
Steel Dynamics (STLD) buyback spend compound annual growth rate is +53.3% over the most recent 5 years available.
When did Steel Dynamics buyback spend hit its highest annual value?
Steel Dynamics buyback spend reached its highest annual value of $1.80B in 2022.
What was Steel Dynamics buyback spend in 2024?
Steel Dynamics (STLD) buyback spend in 2024 was $1.21B.
What was Steel Dynamics buyback spend in 2025?
Steel Dynamics (STLD) buyback spend in 2025 was $900.87M.
Explore more
STLD Overview
Company profile, financial tools, and key metrics
STLD Revenue Counter
Earns $602.87 every second. See per minute, hour, and day.
STLD Earnings Counter
Earns $43.50 per second net profit. See per minute, hour, and day.
STLD Economic Scale
Exceeds Moldova's GDP. Compare with world economies.
STLD What If Invested
What if you had invested $1,000? See historical returns from any date.
STLD How It Makes Money
Discover visual breakdown of $19.01B in revenue — where it comes from and where it goes.
STLD Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
STLD Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
STLD Daily Price Character
Explosive · 49.1% historical win rate (green days). Streaks & record days.
STLD Stock Split History
2 splits on record. Dates, ratios, and cumulative multiple.
STLD Dividend Profile
Yield: 0.89%. Safety: 6/8. See full history.
STLD Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
STLD Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
STLD Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
STLD Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.