57/100B222.960
USD
1.08
(0.49%)
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Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 5.87Revenue estimate 6.36B
Q4 FY2026 · Earnings report
EPS estimate 5.87Revenue estimate 6.36B
Steel Dynamics free cash flow 1995–2026What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
Steel Dynamics's free cash flow in Q3 FY2026, the three months to 30 September 2026, was 696.19M USD, up 25.0% on the same quarter a year before. Steel Dynamics's free cash flow over the last twelve months was 1.09B USD, up 252.0% on the twelve months before. In fiscal year 2025 it was 501.51M USD, against -23.50M USD on the year before.
Last updated 6 Nov 2026 · Next report 25 Jan 2027
Free cash flow
Free cash flow · -5.9% a year over 10 yearsFree cash flow margin
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 1.09B | +252.05% | 4.93% | 1.69B | -599.93M | 7.56 |
| FY2025 | 31 Dec 2025 | 501.51M | — | 2.76% | 1.45B | -948.03M | 3.38 |
| FY2024 | 31 Dec 2024 | -23.50M | -101.26% | -0.13% | 1.84B | -1.87B | -0.15 |
| FY2023 | 31 Dec 2023 | 1.86B | -47.57% | 9.91% | 3.52B | -1.66B | 11.12 |
| FY2022 | 31 Dec 2022 | 3.55B | +196.48% | 15.95% | 4.46B | -908.90M | 19.24 |
| FY2021 | 31 Dec 2021 | 1.20B | — | 6.51% | 2.20B | -1.01B | 5.80 |
| FY2020 | 31 Dec 2020 | -211.02M | -122.35% | -2.20% | 987.03M | -1.20B | -0.99 |
| FY2019 | 31 Dec 2019 | 944.35M | -19.70% | 9.02% | 1.40B | -451.95M | 4.28 |
| FY2018 | 31 Dec 2018 | 1.18B | +104.65% | 9.95% | 1.42B | -239.39M | 5.00 |
| FY2017 | 31 Dec 2017 | 574.67M | -12.21% | 6.02% | 739.61M | -164.94M | 2.38 |
| FY2016 | 31 Dec 2016 | 654.61M | -29.15% | 8.42% | 852.77M | -198.16M | 2.67 |
| FY2015 | 31 Dec 2015 | 923.98M | +82.68% | 12.17% | 1.04B | -114.50M | 3.82 |
| FY2014 | 31 Dec 2014 | 505.79M | +303.56% | 5.78% | 617.57M | -111.79M | 2.09 |
| FY2013 | 31 Dec 2013 | 125.33M | -43.74% | 1.70% | 312.18M | -186.84M | 0.52 |
| FY2012 | 31 Dec 2012 | 222.78M | -30.24% | 3.06% | 446.30M | -223.53M | 0.94 |
| FY2011 | 31 Dec 2011 | 319.35M | +789.23% | 3.99% | 486.36M | -167.01M | 1.35 |
| FY2010 | 31 Dec 2010 | 35.91M | -68.91% | 0.57% | 169.31M | -133.39M | 0.15 |
| FY2009 | 31 Dec 2009 | 115.50M | -68.16% | 2.92% | 445.56M | -330.05M | 0.58 |
| FY2008 | 31 Dec 2008 | 362.80M | +999.24% | 4.49% | 775.30M | -412.50M | 1.86 |
| FY2007 | 31 Dec 2007 | 33.01M | -88.06% | 0.75% | 428.20M | -395.20M | 0.17 |
| FY2006 | 31 Dec 2006 | 276.33M | +11.71% | 8.53% | 404.95M | -128.62M | 1.31 |
| FY2005 | 31 Dec 2005 | 247.37M | +69.58% | 11.32% | 310.76M | -63.39M | 1.20 |
| FY2004 | 31 Dec 2004 | 145.87M | — | 6.80% | 247.92M | -102.05M | 0.65 |
| FY2003 | 31 Dec 2003 | -9.66M | — | -0.98% | 127.61M | -137.27M | -0.04 |
| FY2002 | 31 Dec 2002 | -27.58M | — | -3.19% | 115.02M | -142.60M | -0.15 |
| FY2001 | 31 Dec 2001 | -23.34M | — | -3.85% | 67.37M | -90.71M | -0.13 |
| FY2000 | 31 Dec 2000 | -7.59M | — | -1.10% | 102.79M | -110.38M | -0.04 |
| FY1999 | 31 Dec 1999 | -11.90M | — | -1.92% | 114.80M | -126.70M | -0.06 |
| FY1998 | 31 Dec 1998 | -245.20M | — | -47.63% | -51.10M | -194.10M | -1.25 |
| FY1997 | 31 Dec 1997 | -89.50M | — | -21.30% | 85.70M | -175.20M | -0.46 |
| FY1996 | 31 Dec 1996 | -135.30M | — | -53.56% | -51.60M | -83.70M | -0.98 |
| FY1995 | 31 Dec 1995 | -243.40M | — | -243,400.00% | -19.00M | -224.40M | -1.90 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 696.19M | +25.01% | 10.70% | 845.79M | -149.61M | 4.85 |
| Q2 FY2026 | 30 Jun 2026 | 304.09M | +2,189.86% | 4.99% | 427.94M | -123.84M | 2.11 |
| Q1 FY2026 | 31 Mar 2026 | 10.34M | — | 0.20% | 148.32M | -137.98M | 0.07 |
| Q4 FY2025 | 31 Dec 2025 | 84.22M | — | 1.91% | 272.71M | -188.50M | 0.58 |
| Q3 FY2025 | 30 Sept 2025 | 556.92M | +302.11% | 11.53% | 722.61M | -165.69M | 3.77 |
| Q2 FY2025 | 30 Jun 2025 | 13.28M | — | 0.29% | 301.61M | -288.33M | 0.09 |
| Q1 FY2025 | 31 Mar 2025 | -152.90M | — | -3.50% | 152.60M | -305.51M | -1.02 |
| Q4 FY2024 | 31 Dec 2024 | -106.30M | -130.40% | -2.75% | 346.87M | -453.18M | -0.70 |
| Q3 FY2024 | 30 Sept 2024 | 138.50M | -75.06% | 3.19% | 759.85M | -621.36M | 0.88 |
| Q2 FY2024 | 30 Jun 2024 | -36.61M | -108.14% | -0.79% | 382.56M | -419.17M | -0.23 |
| Q1 FY2024 | 31 Mar 2024 | -19.09M | -103.76% | -0.41% | 355.22M | -374.31M | -0.12 |
| Q4 FY2023 | 31 Dec 2023 | 349.70M | -56.25% | 8.26% | 864.64M | -514.95M | 2.15 |
| Q3 FY2023 | 30 Sept 2023 | 555.34M | -55.75% | 12.11% | 1.11B | -558.36M | 3.34 |
| Q2 FY2023 | 30 Jun 2023 | 449.53M | -46.34% | 8.85% | 807.81M | -358.28M | 2.66 |
| Q1 FY2023 | 31 Mar 2023 | 507.46M | -23.07% | 10.37% | 733.78M | -226.32M | 2.94 |
| Q4 FY2022 | 31 Dec 2022 | 799.23M | +53.89% | 16.56% | 1.14B | -344.20M | 4.54 |
| Q3 FY2022 | 30 Sept 2022 | 1.25B | +201.53% | 22.20% | 1.50B | -241.23M | 6.91 |
| Q2 FY2022 | 30 Jun 2022 | 837.71M | +170.21% | 13.48% | 1.00B | -164.14M | 4.46 |
| Q1 FY2022 | 31 Mar 2022 | 659.64M | — | 11.84% | 818.97M | -159.33M | 3.41 |
| Q4 FY2021 | 31 Dec 2021 | 519.36M | — | 9.78% | 723.90M | -204.54M | 2.61 |
| Q3 FY2021 | 30 Sept 2021 | 416.19M | — | 8.18% | 630.82M | -214.63M | 2.04 |
| Q2 FY2021 | 30 Jun 2021 | 310.02M | +75.86% | 6.94% | 587.23M | -277.21M | 1.47 |
| Q1 FY2021 | 31 Mar 2021 | -47.67M | — | -1.34% | 262.19M | -309.86M | -0.22 |
| Q4 FY2020 | 31 Dec 2020 | -205.21M | -181.82% | -7.89% | 137.95M | -343.16M | -0.97 |
| Q3 FY2020 | 30 Sept 2020 | -175.86M | -160.63% | -7.54% | 151.79M | -327.65M | -0.83 |
| Q2 FY2020 | 30 Jun 2020 | 176.29M | -36.21% | 8.42% | 486.01M | -309.72M | 0.83 |
| Q1 FY2020 | 31 Mar 2020 | -6.25M | -104.92% | -0.24% | 211.28M | -217.54M | -0.03 |
| Q4 FY2019 | 31 Dec 2019 | 250.80M | -41.42% | 10.67% | 409.06M | -158.26M | 1.16 |
| Q3 FY2019 | 30 Sept 2019 | 290.07M | -17.07% | 11.48% | 444.20M | -154.13M | 1.32 |
| Q2 FY2019 | 30 Jun 2019 | 276.35M | +2.04% | 9.97% | 361.47M | -85.12M | 1.24 |
| Q1 FY2019 | 31 Mar 2019 | 127.12M | -0.17% | 4.51% | 181.55M | -54.44M | 0.57 |
| Q4 FY2018 | 31 Dec 2018 | 428.15M | +176.56% | 14.74% | 491.06M | -62.91M | 1.86 |
| Q3 FY2018 | 30 Sept 2018 | 349.77M | +90.76% | 10.85% | 420.44M | -70.67M | 1.48 |
| Q2 FY2018 | 30 Jun 2018 | 270.83M | +617.73% | 8.76% | 326.03M | -55.20M | 1.14 |
| Q1 FY2018 | 31 Mar 2018 | 127.33M | -35.94% | 4.89% | 177.94M | -50.61M | 0.54 |
| Q4 FY2017 | 31 Dec 2017 | 154.81M | +16.91% | 6.63% | 192.00M | -37.19M | 0.65 |
| Q3 FY2017 | 30 Sept 2017 | 183.35M | +34.26% | 7.50% | 226.15M | -42.80M | 0.76 |
| Q2 FY2017 | 30 Jun 2017 | 37.73M | -69.14% | 1.58% | 81.01M | -43.27M | 0.16 |
| Q1 FY2017 | 31 Mar 2017 | 198.77M | -23.90% | 8.39% | 240.45M | -41.68M | 0.81 |
| Q4 FY2016 | 31 Dec 2016 | 132.42M | -56.17% | 6.93% | 207.41M | -74.99M | 0.54 |
| Q3 FY2016 | 30 Sept 2016 | 136.57M | +1.85% | 6.50% | 196.34M | -59.77M | 0.56 |
| Q2 FY2016 | 30 Jun 2016 | 122.29M | -57.30% | 6.04% | 157.97M | -35.69M | 0.50 |
| Q1 FY2016 | 31 Mar 2016 | 261.19M | +29.72% | 15.00% | 288.90M | -27.71M | 1.07 |
| Q4 FY2015 | 31 Dec 2015 | 302.14M | +3.94% | 18.99% | 330.19M | -28.04M | 1.25 |
| Q3 FY2015 | 30 Sept 2015 | 134.09M | -40.32% | 6.87% | 164.38M | -30.29M | 0.55 |
| Q2 FY2015 | 30 Jun 2015 | 286.39M | +574.18% | 14.28% | 309.21M | -22.82M | 1.18 |
| Q1 FY2015 | 31 Mar 2015 | 201.36M | — | 9.83% | 234.71M | -33.35M | 0.83 |
| Q4 FY2014 | 31 Dec 2014 | 290.70M | +1,001.77% | 11.55% | 319.58M | -28.88M | 1.21 |
| Q3 FY2014 | 30 Sept 2014 | 224.69M | +71.39% | 9.61% | 249.22M | -24.53M | 0.93 |
| Q2 FY2014 | 30 Jun 2014 | 42.48M | — | 2.05% | 76.01M | -33.53M | 0.18 |
| Q1 FY2014 | 31 Mar 2014 | -52.09M | — | -2.85% | -27.25M | -24.84M | -0.22 |
| Q4 FY2013 | 31 Dec 2013 | 26.39M | -81.43% | 1.42% | 66.48M | -40.10M | 0.11 |
| Q3 FY2013 | 30 Sept 2013 | 131.10M | +122.12% | 6.86% | 183.27M | -52.16M | 0.55 |
| Q2 FY2013 | 30 Jun 2013 | -16.52M | -136.06% | -0.92% | 32.72M | -49.24M | -0.07 |
| Q1 FY2013 | 31 Mar 2013 | -15.64M | — | -0.87% | 29.71M | -45.35M | -0.07 |
| Q4 FY2012 | 31 Dec 2012 | 142.08M | +657.92% | 8.33% | 206.92M | -64.84M | 0.60 |
| Q3 FY2012 | 30 Sept 2012 | 59.02M | -67.98% | 3.49% | 117.37M | -58.34M | 0.27 |
| Q2 FY2012 | 30 Jun 2012 | 45.81M | -65.04% | 2.40% | 100.60M | -54.79M | 0.19 |
| Q1 FY2012 | 31 Mar 2012 | -24.13M | — | -1.22% | 21.42M | -45.56M | -0.10 |
| Q4 FY2011 | 31 Dec 2011 | 18.75M | — | 1.01% | 93.96M | -75.21M | 0.09 |
| Q3 FY2011 | 30 Sept 2011 | 184.34M | +182.74% | 9.02% | 222.46M | -38.13M | 0.78 |
| Q2 FY2011 | 30 Jun 2011 | 131.02M | — | 6.30% | 166.00M | -34.98M | 0.55 |
| Q1 FY2011 | 31 Mar 2011 | -14.72M | -135.00% | -0.73% | 3.97M | -18.69M | -0.06 |
| Q4 FY2010 | 31 Dec 2010 | -49.73M | — | -3.25% | -12.21M | -37.53M | -0.23 |
| Q3 FY2010 | 30 Sept 2010 | 65.20M | +55.23% | 4.12% | 89.42M | -24.22M | 0.28 |
| Q2 FY2010 | 30 Jun 2010 | -21.61M | — | -1.32% | 19.35M | -40.96M | -0.09 |
| Q1 FY2010 | 31 Mar 2010 | 42.06M | -70.03% | 2.70% | 72.74M | -30.68M | 0.18 |
| Q4 FY2009 | 31 Dec 2009 | -64.37M | -119.67% | -5.46% | 22.51M | -86.89M | -0.30 |
| Q3 FY2009 | 30 Sept 2009 | 42.00M | — | 3.58% | 137.66M | -95.66M | 0.18 |
| Q2 FY2009 | 30 Jun 2009 | -1.50M | — | -0.19% | 71.67M | -73.17M | -0.01 |
| Q1 FY2009 | 31 Mar 2009 | 140.36M | +17.13% | 17.23% | 214.70M | -74.34M | 0.77 |
| Q4 FY2008 | 31 Dec 2008 | 327.31M | — | 27.04% | 429.18M | -101.87M | 1.80 |
| Q3 FY2008 | 30 Sept 2008 | -38.40M | -125.56% | -1.50% | 77.24M | -115.64M | -0.20 |
| Q2 FY2008 | 30 Jun 2008 | -45.93M | — | -1.91% | 55.29M | -101.23M | -0.23 |
| Q1 FY2008 | 31 Mar 2008 | 119.83M | +26.80% | 6.30% | 213.60M | -93.76M | 0.60 |
| Q4 FY2007 | 31 Dec 2007 | -59.52M | -193.58% | -4.10% | 79.84M | -139.35M | -0.31 |
| Q3 FY2007 | 30 Sept 2007 | 150.26M | +45.79% | 12.99% | 250.20M | -99.94M | 0.79 |
| Q2 FY2007 | 30 Jun 2007 | -152.25M | — | -16.71% | -50.27M | -101.98M | -0.77 |
| Q1 FY2007 | 31 Mar 2007 | 94.51M | -22.18% | 10.92% | 148.44M | -53.93M | 0.46 |
| Q4 FY2006 | 31 Dec 2006 | 63.60M | -14.02% | 7.57% | 108.10M | -44.51M | 0.33 |
| Q3 FY2006 | 30 Sept 2006 | 103.07M | -23.99% | 11.30% | 138.71M | -35.65M | 0.47 |
| Q2 FY2006 | 30 Jun 2006 | -11.78M | -694.85% | -1.43% | 22.10M | -33.88M | -0.05 |
| Q1 FY2006 | 31 Mar 2006 | 121.45M | +238.92% | 18.24% | 136.03M | -14.59M | 0.60 |
| Q4 FY2005 | 31 Dec 2005 | 73.97M | +535.39% | 12.98% | 92.00M | -18.03M | 0.42 |
| Q3 FY2005 | 30 Sept 2005 | 135.59M | +0.58% | 27.19% | 144.66M | -9.07M | 0.68 |
| Q2 FY2005 | 30 Jun 2005 | 1.98M | -84.36% | 0.36% | 19.13M | -17.15M | 0.01 |
| Q1 FY2005 | 31 Mar 2005 | 35.83M | — | 6.28% | 54.98M | -19.14M | 0.16 |
| Q4 FY2004 | 31 Dec 2004 | 11.64M | — | 1.94% | 40.82M | -29.17M | 0.06 |
| Q3 FY2004 | 30 Sept 2004 | 134.81M | +1,175.40% | 21.24% | 153.02M | -18.21M | 0.59 |
| Q2 FY2004 | 30 Jun 2004 | 12.66M | +26.53% | 2.41% | 43.42M | -30.76M | 0.06 |
| Q1 FY2004 | 31 Mar 2004 | -13.24M | — | -3.45% | 10.67M | -23.91M | -0.06 |
| Q4 FY2003 | 31 Dec 2003 | -17.47M | — | -6.26% | 29.81M | -47.28M | -0.09 |
| Q3 FY2003 | 30 Sept 2003 | 10.57M | — | 4.16% | 39.45M | -28.88M | 0.05 |
| Q2 FY2003 | 30 Jun 2003 | 10.01M | +29.93% | 4.58% | 33.68M | -23.67M | 0.05 |
| Q1 FY2003 | 31 Mar 2003 | -12.77M | — | -5.42% | 24.67M | -37.44M | -0.07 |
| Q4 FY2002 | 31 Dec 2002 | -11.63M | — | -4.78% | 5.88M | -17.51M | -0.06 |
| Q3 FY2002 | 30 Sept 2002 | -22.38M | -1,001.89% | -9.30% | 43.51M | -65.89M | -0.12 |
| Q2 FY2002 | 30 Jun 2002 | 7.70M | — | 3.60% | 33.14M | -25.44M | 0.04 |
| Q1 FY2002 | 31 Mar 2002 | -1.27M | -116.69% | -0.76% | 32.49M | -33.76M | -0.01 |
| Q4 FY2001 | 31 Dec 2001 | -24.48M | -186.53% | -17.68% | 14.13M | -38.62M | -0.13 |
| Q3 FY2001 | 30 Sept 2001 | 2.48M | — | 1.58% | 29.77M | -27.29M | 0.01 |
| Q2 FY2001 | 30 Jun 2001 | -8.95M | — | -5.68% | 5.51M | -14.46M | -0.05 |
| Q1 FY2001 | 31 Mar 2001 | 7.61M | — | 4.94% | 17.96M | -10.35M | 0.04 |
| Q4 FY2000 | 31 Dec 2000 | 28.29M | +29.20% | 18.56% | 52.90M | -24.61M | 0.16 |
| Q3 FY2000 | 30 Sept 2000 | -1.54M | — | -0.96% | 29.38M | -30.92M | -0.01 |
| Q2 FY2000 | 30 Jun 2000 | -33.60M | — | -17.62% | -7.96M | -25.64M | -0.18 |
| Q1 FY2000 | 31 Mar 2000 | -739.00K | — | -0.39% | 28.47M | -29.21M | -0.00 |
| Q4 FY1999 | 31 Dec 1999 | 21.90M | — | 12.44% | 49.30M | -27.40M | 0.11 |
| Q3 FY1999 | 30 Sept 1999 | -12.20M | — | -7.69% | 11.00M | -23.20M | -0.06 |
| Q2 FY1999 | 30 Jun 1999 | -6.80M | — | -4.08% | 21.40M | -28.20M | -0.04 |
| Q1 FY1999 | 31 Mar 1999 | -14.80M | — | -12.60% | 33.10M | -47.90M | -0.07 |
| Q4 FY1998 | 31 Dec 1998 | -65.80M | — | -48.99% | -22.70M | -43.10M | -0.33 |
| Q3 FY1998 | 30 Sept 1998 | -64.10M | — | -45.46% | -17.60M | -46.50M | -0.34 |
| Q2 FY1998 | 30 Jun 1998 | -73.50M | — | -60.74% | -15.90M | -57.60M | -0.37 |
| Q1 FY1998 | 31 Mar 1998 | -41.80M | — | -35.27% | 5.10M | -46.90M | -0.21 |
| Q4 FY1997 | 31 Dec 1997 | -21.20M | — | -18.50% | 22.50M | -43.70M | -0.11 |
| Q3 FY1997 | 30 Sept 1997 | -35.30M | — | -33.72% | 14.70M | -50.00M | -0.18 |
| Q2 FY1997 | 30 Jun 1997 | -24.70M | — | -24.05% | 10.50M | -35.20M | -0.13 |
| Q1 FY1997 | 31 Mar 1997 | -8.30M | — | -8.46% | 38.00M | -46.30M | -0.04 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about Steel Dynamics's free cash flow
Source: Financial Modeling Prep