Capital Expenditures for Steel Dynamics (STLD)
According to Steel Dynamics's latest reported financial statements, the company's current capital expenditures (TTM) is $780.50M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
STLD
Currently viewingCapital ExpendituresSwitch metric
Latest period
$780.50M
YoY change
-49.2%
5Y CAGR
-4.6%
Peak year (2024)
$1.87B
Cumulative capital expenditures
$12.30B
CapEx history chart for Steel Dynamics (STLD) from 1995 to 2025
CapEx history table for Steel Dynamics (STLD) from 1995 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $948.02M | -49.2% | ||
| 2024 | $1.87B | +12.7% | ||
| 2023 | $1.66B | +82.4% | ||
| 2022 | $908.90M | -9.7% | ||
| 2021 | $1.01B | -16.0% | ||
| 2020 | $1.20B | +165.1% | ||
| 2019 | $451.94M | +88.8% | ||
| 2018 | $239.39M | +45.1% | ||
| 2017 | $164.94M | -16.8% | ||
| 2016 | $198.16M | +73.1% | ||
| 2015 | $114.50M | +2.4% | ||
| 2014 | $111.78M | -40.2% | ||
| 2013 | $186.84M | -16.4% | ||
| 2012 | $223.53M | +33.8% | ||
| 2011 | $167.01M | +25.2% | ||
| 2010 | $133.39M | -59.6% | ||
| 2009 | $330.05M | -20.0% | ||
| 2008 | $412.50M | +4.4% | ||
| 2007 | $395.20M | +207.3% | ||
| 2006 | $128.62M | +102.9% | ||
| 2005 | $63.39M | -37.9% | ||
| 2004 | $102.05M | -25.7% | ||
| 2003 | $137.27M | -3.7% | ||
| 2002 | $142.60M | +57.2% | ||
| 2001 | $90.71M | -17.8% | ||
| 2000 | $110.38M | -12.9% | ||
| 1999 | $126.70M | -34.7% | ||
| 1998 | $194.10M | +10.8% | ||
| 1997 | $175.20M | +109.3% | ||
| 1996 | $83.70M | -62.7% | ||
| 1995 | $224.40M | — |
CapEx values are taken from Steel Dynamics's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Steel Dynamics (STLD) most recent annual capital expenditures stands at $948.02M (2025) – plunged 49.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Steel Dynamics capital expenditures compounded at -4.6% per year, with a net decline across the window.
Between 2024 and 2025, Steel Dynamics capital expenditures plunged 49.2%, falling from $1.87B to $948.02M.
2024 marks the peak capital expenditures at $1.87B, with the historical low of $63.39M recorded in 2005.
Steel Dynamics (STLD) sits 8th of 8 Basic Materials peers we track on this metric, against a peer median of $2.43B.
Steel Dynamics Capital Expenditures by Year
Steel Dynamics Capital Expenditures 2025: $948.02M
Steel Dynamics capital expenditures in 2025 was $948.02M, plunged 49.2% below 2024.
Steel Dynamics Capital Expenditures 2024: $1.87B
Steel Dynamics capital expenditures in 2024 was $1.87B, grew 12.7% from 2023. This figure represents the highest annual value in the available history.
Steel Dynamics Capital Expenditures 2023: $1.66B
Steel Dynamics capital expenditures in 2023 was $1.66B, surged 82.4% from 2022.
Steel Dynamics Capital Expenditures 2022: $908.90M
Steel Dynamics capital expenditures in 2022 was $908.90M, declined 9.7% below 2021.
Steel Dynamics Capital Expenditures 2021: $1.01B
Steel Dynamics capital expenditures in 2021 was $1.01B.
See more financial history for Steel Dynamics (STLD).
Sector peers — CapEx
Companies in the same sector as Steel Dynamics, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Linde plc (LIN) | $5.26B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $4.49B | Basic Materials |
| Newmont Corporation (NEM) | $3.04B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $2.56B | Basic Materials |
| CRH plc (CRH) | $2.31B | Basic Materials |
| Southern Copper Corporation (SCCO) | $1.33B | Basic Materials |
| Ecolab Inc. (ECL) | $1.05B | Basic Materials |
| The Sherwin-Williams Company (SHW) | $797.60M | Basic Materials |
Frequently asked questions
What is Steel Dynamics's capital expenditures?
- Latest reported capital expenditures for Steel Dynamics (STLD) is $780.50M (period ending March 31, 2026).
How has Steel Dynamics capital expenditures changed year-over-year?
- Steel Dynamics (STLD) capital expenditures changed -49.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Steel Dynamics capital expenditures?
- Steel Dynamics (STLD) capital expenditures compound annual growth rate is -4.6% over the most recent 5 years available.
When did Steel Dynamics capital expenditures hit its highest annual value?
- Steel Dynamics capital expenditures reached its highest annual value of $1.87B in 2024.
What was Steel Dynamics capital expenditures in 2024?
- Steel Dynamics (STLD) capital expenditures in 2024 was $1.87B.
What was Steel Dynamics capital expenditures in 2025?
- Steel Dynamics (STLD) capital expenditures in 2025 was $948.02M.
Metrics overview
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