Buyback yield (TTM)
2.94%
Shareholder yield (TTM)
4.07%
5Y share count change
-30.1%
Buyback spend (TTM)
$765.82M
Cumulative buybacks
$9.25B
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.
Dividend & buyback yield over time for Steel Dynamics (STLD)
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.
Diluted vs basic shares (annual) for Steel Dynamics (STLD)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Steel Dynamics (STLD)
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.
Cash buyback spend over time for Steel Dynamics (STLD)
Latest: $900.87M
Overview
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 grown on net over the period, 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 $0.00 recorded in 1995.
Steel Dynamics Buyback Spend 2025: $900.87M
Steel Dynamics posted buyback spend of $900.87M in 2025, declined 25.7% below 2024.
Steel Dynamics Buyback Spend 2024: $1.21B
In 2024, Steel Dynamics reported buyback spend of $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
2022's buyback spend for Steel Dynamics came in at $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $900.87M | $0.00 | $900.87M | 3.65% | 0.15B | -5.0% | |
| 2024 | $1.21B | $66.59M | $1.15B | 6.99% | 0.16B | -6.7% | |
| 2023 | $1.45B | $61.74M | $1.39B | 7.62% | 0.17B | -9.3% | |
| 2022 | $1.80B | $59.24M | $1.74B | 10.55% | 0.18B | -10.6% | |
| 2021 | $1.06B | $57.72M | $1.00B | 8.66% | 0.21B | -2.7% | |
| 2020 | $106.53M | $55.60M | $50.93M | 1.37% | 0.21B | -3.8% | |
| 2019 | $348.61M | $47.63M | $300.98M | 4.76% | 0.22B | -6.1% | |
| 2018 | $523.57M | $43.32M | $480.25M | 7.60% | 0.24B | -2.7% | |
| 2017 | $252.24M | $36.20M | $216.04M | 2.47% | 0.24B | -1.4% | |
| 2016 | $25.03M | $31.66M | −$6.62M | 0.29% | 0.25B | +1.4% | |
| 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 | 24.68% | 0.19B | -1.1% | |
| 2007 | $533.65M | $8.07M | $525.58M | 9.61% | 0.20B | -7.0% | |
| 2006 | $247.41M | $8.86M | $238.55M | 8.24% | 0.21B | +2.4% | |
| 2005 | $186.76M | $0.00 | $186.76M | 12.19% | 0.21B | -8.6% | |
| 2004 | $55.18M | $0.00 | $55.18M | 3.05% | 0.23B | +3.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.22B | +15.6% | |
| 2002 | $43.00K | $0.00 | $43.00K | 0.01% | 0.19B | +3.5% | |
| 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 | — | — | — |
- 2025$900.87M
- 2024$1.21B
- 2023$1.45B
- 2022$1.80B
- 2021$1.06B
- 2020$106.53M
- 2019$348.61M
- 2018$523.57M
- 2017$252.24M
- 2016$25.03M
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$501.78M
- 2007$533.65M
- 2006$247.41M
- 2005$186.76M
- 2004$55.18M
- 2003$0.00
- 2002$43.00K
- 2001$0.00
- 2000$26.88M
- 1999$0.00
- 1998$18.40M
- 1997$1.20M
- 1996$0.00
- 1995$0.00
Buybacks vs stock-based compensation for Steel Dynamics (STLD)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 24.30×.
Buybacks vs dividends (share of cash returned) for Steel Dynamics (STLD)
How Steel Dynamics splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Steel Dynamics, ranked by their latest buyback spend.
| $4.60B | |
| $2.30B | |
| $1.66B | |
| $1.18B | |
| $783.80M | |
| $682.89M | |
| $107.00M | |
| $0.00 |
- $4.60B
- $2.30B
- $1.66B
- $1.18B
- $783.80M
- $682.89M
- $107.00M
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).
Frequently asked questions
Data & methodology
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