Steel Dynamics, Inc. reported third-quarter 2026 operating income of $1.0 billion, up 98%, and net income of $756.0 million, up 87%, while record total steel shipments reached 3.8 million tons.
STLD · Steel Dynamics Inc
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Steel Dynamics reported third-quarter 2026 net income of $756 million, adjusted EBITDA of $1.2 billion and record steel shipments of 3.8 million tons. Aluminum operations’ issue was resolved, and volume and profitability are expected to improve sharply in the fourth quarter.
Steel Dynamics reported third quarter 2026 net sales of $6.5 billion, net income of $756 million and record steel shipments of 3.8 million tons; cash flow from operations was $846 million, liquidity was $2.4 billion and share repurchases were $276 million.
Steel Dynamics promoted Chad Bickford, Jeff Hansen, and William T. (Tommy) Scruggs to Senior Vice President effective October 1, 2026, and named Daniel Keown Senior Vice President, Yury Krotov Vice President, and Dominic Freiburger Vice President and Treasurer effective November 1, 2026.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
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Guidance & track record
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Key metrics
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Versus peers
Steel — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
STLD
this stock
Steel Dynamics Inc
|
$31.70B | +31.5% | +20.9% | 16.5 | 2.7% |
|
NUE
Nucor Corp
|
$56.31B | +50.2% | +5.7% | 19.8 | 2.1% |
|
MT
ArcelorMittal
|
$45.43B | +33.8% | — | — | 0.0% |
|
RS
Reliance, Inc.
|
$21.50B | +44.4% | -13.0% | 19.7 | 2.3% |
|
PKX
Posco Holdings Inc.
|
$14.89B | -8.1% | — | — | 0.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 23, 2026
- This year
- 23
Steel Dynamics, Inc. reported third-quarter 2026 operating income of $1.0 billion, up 98%, and net income of $756.0 million, up 87%, while record total steel shipments reached 3.8 million tons.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| STLD | -11.1% | -6.5% | -2.5% | -11.1% | +31.5% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | -8.4% | -0.9% | -2.0% | -8.4% | +23.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.