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FCF Margin for Steel Dynamics (STLD)

As of · Reported

Metric

TTM

3.5%

YoY change

+2.89pp

Trough year (1996)

-53.6%

Peak year (2022)

16.0%

FCF Margin history chart for Steel Dynamics (STLD) from 1996 to 2025

Latest: 2.8%

FCF Margin change chart for Steel Dynamics (STLD) from 1996 to 2025

Latest: +2.89pp

FCF Margin history table for Steel Dynamics (STLD) from 1996 to 2025

  • 20252.8%+2.89pp
  • 2024-0.1%-10.04pp
  • 20239.9%-6.05pp
  • 202216.0%+9.45pp
  • 20216.5%+8.70pp
  • 2020-2.2%-11.22pp
  • 20199.0%-0.92pp
  • 20189.9%+3.92pp
  • 20176.0%-2.39pp
  • 20168.4%-3.75pp
  • 201512.2%+6.39pp
  • 20145.8%+4.08pp
  • 20131.7%-1.36pp
  • 20123.1%-0.94pp
  • 20114.0%+3.42pp
  • 20100.6%-2.35pp
  • 20092.9%-1.57pp
  • 20084.5%+3.74pp
  • 20070.8%-7.78pp
  • 20068.5%-2.79pp
  • 200511.3%+4.52pp
  • 20046.8%+7.78pp
  • 2003-1.0%+2.21pp
  • 2002-3.2%+0.66pp
  • 2001-3.8%-2.75pp
  • 2000-1.1%+0.83pp
  • 1999-1.9%+45.71pp
  • 1998-47.6%-26.33pp
  • 1997-21.3%+32.26pp
  • 1996-53.6%—

FCF Margin values are taken from Steel Dynamics's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Steel Dynamics (STLD)

According to Steel Dynamics's latest reported financial statements, the company's latest reported free cash flow margin is 3.5%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Steel Dynamics (STLD) most recent annual free cash flow margin stands at 2.76% (2025) – expanded 2.9 percentage points year-over-year.

15.95% stands as the all-time-high annual free cash flow margin, posted in 2022, against a low of -53.56% during 1996.

Steel Dynamics FCF Margin by Year

Steel Dynamics FCF Margin 2025: 2.8%

Steel Dynamics free cash flow margin in 2025 was 2.76%, expanded 2.9 percentage points from 2024.

Steel Dynamics FCF Margin 2024: -0.1%

2024's free cash flow margin for Steel Dynamics came in at -0.13%, contracted 10.0 percentage points from 2023.

Steel Dynamics FCF Margin 2023: 9.9%

Steel Dynamics posted free cash flow margin of 9.91% in 2023, contracted 6.0 percentage points from 2022.

Steel Dynamics FCF Margin 2022: 16.0%

In 2022, Steel Dynamics reported free cash flow margin of 15.95%, expanded 9.4 percentage points from 2021. This figure represents the highest annual value in the available history.

Steel Dynamics FCF Margin 2021: 6.5%

Steel Dynamics free cash flow margin in 2021 was 6.51%.

See more financial history for Steel Dynamics (STLD).

Sector peers by FCF Margin

Basic Materials peers of Steel Dynamics (STLD), ranked by their latest free cash flow margin

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