OakChart

Steel Dynamics Inc

STLDBasic Materials·Steel·USA·Large·NASD·Nov 13 • 5:36 AM ET

236.51-0.60 (-0.25%)
2026-11-13 13:22 CET
Market cap
$33.64B
Revenue, TTM
22,219.88 USD m
Net income, TTM
1,959.56 USD m
Free cash flow, TTM
1,094.83 USD m
EPS diluted, TTM
13.55
Price / earnings
17.45
Compare

Price

STLD against its 20, 50 and 200-day averages
Terms2050200BeatMiss
Patternshover a marker to name it
RS 76Sales 6,363Price6,2276,297200.00250.002.3M4.5MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26STLDclose 236.5120-day 240.9250-day 238.00200-day 226.84236.5152w high 288.7452-week range, not 6 months

18.1% under the 52-week high of 288.74 on 15 Jun 2026. 52-week low 151.21 on 14 Nov 2025. Last 15 sessions, 17.2% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 76
CANSLIM 5 of 6 — fails: 52-Week High/Low: 0-10% below High
VCP 4 of 6 — fails: 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 3 of 4 — fails: 52-Week High/Low: 0-10% below High
Zanger 1 of 5 — fails: RSI (14): Not Oversold (>50); Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5
Leaders 3 of 5 — fails: 50-Day Simple Moving Average: Price above SMA50; 52-Week High/Low: 0-10% below High
Breakout 1 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 50-Day Simple Moving Average: Price above SMA50
Growth 4 of 4
Quality 3 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1)
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 2 of 4 — fails: Dividend Yield: Over 2%; Payout Ratio: Low (<20%)
Small Cap 3 of 4 — fails: Float: Under 100M
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

STLD
52-week range, 62% of the way up
151.21288.74

Steel Dynamics, Inc. engages in the production of steel and recycling of metals. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment is composed of electric arc furnace (EAF) steel mills, production of steel from ferrous scrap and scrap substitutes, utilization of continuous casting, automation of rolling mills and steel coatings, processing lines, and warehouse operations. The Metals Recycling Operations segment is involved in ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and provision of scrap management services. The Steel Fabrication Operations segment includes New Millennium Building Systems plants that serve non-residential construction industry throughout the United States. The Aluminum Operations segment consists of recycled aluminum flat rolled products mill being constructed in Columbus, Mississippi, and satellite recycled aluminum slab centers in Arizona and Mexico. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

IndexS&P 500, RUI
Employees14400
IPONov 22, 1996
Beta1.45
ATR, 14d8.80
Rel volume0.00
Short float2.82%
Insider own6.79%
Inst own85.69%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap$33.64B
Enterprise Value36.85B
Income1.96B
Sales22.22B
Book / share69.09
Cash / share6.53
Dividend Est.2.12 (0.90%)
Dividend TTM2.09 (0.88%)
Dividend Ex-DateDec 31, 2026
Dividend Gr. 3/5Y13.72% 14.87%
Payout25.03%
Employees14400
IPONov 22, 1996

Ratios

Price / earnings17.45
Forward price / earnings10.69
Price / earnings / growth0.32
Price / sales1.51
Price / book3.42
Price / cash36.22
Price / free cash flow30.72
Value / cash profit11.48
Value / sales1.66
Quick Ratio1.48
Current Ratio3.14
Debt / equity0.43
Long-term debt / equity0.43
Options and shortYes / Yes

Earnings

Earnings / share13.55
Earnings next year22.12
Earnings next quarter5.88
Earnings this year121.10%
Earnings next year25.24%
Earnings growth, 5 years33.86%
Past earnings growth-27.45% 25.23%
Past sales growth-6.53% 13.61%
Earnings vs last year79.81%
Sales vs last year26.00%
Earnings vs last quarter92.46%
Sales vs last quarter34.82%
EarningsOct 19 AMC
Surprise-4.07% 1.25%

Ownership

Insiders own6.79%
Insider trades-0.73%
Institutions own85.69%
Institution trades-1.17%
Return on assets11.59%
Return on equity20.80%
Return on capital13.97%
Gross Margin15.77%
Operating margin11.50%
Profit Margin8.82%
20-day average-1.83%
50-day average-0.63%
200-day average4.26%

Technical

Shares out142.45M
Shares floating132.56M
Short / float2.82%
Short ratio3.57
Short interest3.74M
52-week high288.74 -18.1%
52-week low151.21 +56.4%
Volatility3.15% 4.28%
Average range8.80
Strength index48.09
Market sensitivity1.45
Relative volume0.00
Avg Volume1.05M
Volume63

Performance

Perf Week6.11%
Perf Month-1.77%
Perf Quarter-8.39%
Perf Half Y3.13%
Perf YTD39.58%
Perf Year52.99%
Perf 3Y120.13%
Perf 5Y257.48%
Perf 10Y632.68%
Recommendation2.06
Target Price279.38
Prev Close237.11
Price236.51
Change %-0.25%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 29, 2026ResumedGoldmanBuy$300+26.8%
May 22, 2026InitiatedBarclaysOverweight$270+14.2%
Apr 30, 2026DowngradeBofA SecuritiesBuy → Neutral$250+5.7%
Mar 25, 2026ResumedKeyBanc Capital MarketsOverweight$190-19.7%
Jan 09, 2026DowngradeMorgan StanleyOverweight → Equal-Weight$194-18.0%
Nov 04, 2025DowngradeUBSBuy → Neutral$165-30.2%
Aug 14, 2025InitiatedWells FargoOverweight$143-39.5%
Mar 31, 2025UpgradeBMO Capital MarketsMarket Perform → Outperform$135 → $145-38.7%
Mar 24, 2025UpgradeUBSNeutral → Buy$149-37.0%
Mar 07, 2025UpgradeMorgan StanleyEqual-Weight → Overweight$145 → $158-33.2%

Peers

Mkt cap
TickerCompanyMkt cap
NUENucor Corp59.06B
CLFCleveland-Cliffs Inc7.51B
MTArcelorMittal SA48.06B
TXTernium SA ADR9.90B
RSReliance Inc22.11B
GGBGerdau SA ADR5.53B
PKXPOSCO Holdings Inc ADR15.43B
WSWorthington Steel Inc1.97B
CMCCommercial Metals Co7.00B
ASTLAlgoma Steel Group Inc599.12M

Insider trading

14 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
SCHNEIDER BARRYExecutive Vice President & CTONov 03 '26Sale248.9150,00012,445,466196,399Nov 04 01:06 PM
BARRY SCHNEIDEROfficerNov 03 '26Proposed Sale248.9150,00012,445,405Nov 03 04:15 PM
Anderson James StanleySenior Vice PresidentJun 05 '26Sale268.7010,0002,687,030102,837Jun 08 02:38 PM
JAMES ANDERSONOfficerJun 05 '26Proposed Sale268.7110,0002,687,066Jun 05 04:03 PM
Shaheen GabrielFormer DirectorJun 03 '26Proposed Sale258.221,526394,044Jun 02 06:51 PM
Shaheen GabrielFormer DirectorJun 02 '26Proposed Sale258.22800206,576Jun 01 02:25 PM
Graham Christopher ASenior Vice PresidentMay 13 '26Sale236.819,0002,131,29068,747May 15 03:04 PM
Poinsatte Richard ASenior Vice PresidentMay 12 '26Sale234.112,300538,45328,618May 14 10:27 AM
Graham Christopher AOfficerMay 13 '26Proposed Sale232.809,0002,095,200May 13 03:06 PM
Poinsatte Richard ASenior Vice PresidentMay 12 '26Proposed Sale235.972,300542,731May 12 02:11 PM
Alvarez MiguelSenior Vice PresidentApr 23 '26Sale225.584,8251,088,428122,257Apr 24 03:16 PM
Cornew Kenneth W.DirectorApr 23 '26Sale224.875,0001,124,35831,299Apr 24 03:16 PM
Kenneth CornewDirectorApr 23 '26Proposed Sale225.055,0001,125,250Apr 23 04:37 PM
MIGUEL ALVAREZOfficerApr 23 '26Proposed Sale225.584,8251,088,447Apr 23 04:08 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
XLBState Street Materials Select Sector SPDR ETFAUM: 8.49B
VBVanguard Morningstar Small-Cap ETFAUM: 80.23B
VOVanguard Morningstar Mid-Cap ETFAUM: 108.45B
PAVEGlobal X U.S. Infrastructure Development ETFAUM: 13.65B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.88B
XMEState Street SPDR S&P Metals & Mining ETFAUM: 3.54B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 5.260 missed 5.483, from 2.740 a year earlier. Sales 6,509 beat 6,429, from 4,828 a year earlier
EPS
5.48302024Q4 EPS 1.360 against 1.28824Q42025Q1 EPS 1.440 against 1.38425Q12025Q2 EPS 2.010 against 2.23925Q22025Q3 EPS 2.740 against 2.63025Q32025Q4 EPS 1.820 against 1.70425Q42026Q1 EPS 2.780 against 2.78526Q12026Q2 EPS 3.690 against 3.62626Q22026Q3 EPS 5.260 against 5.48326Q3
Sales, USD millions
6,50902024Q4 sales 3,872 against 3,96924Q42025Q1 sales 4,369 against 4,19525Q12025Q2 sales 4,565 against 4,71625Q22025Q3 sales 4,828 against 4,76525Q32025Q4 sales 4,414 against 4,55125Q42026Q1 sales 5,205 against 5,08026Q12026Q2 sales 6,092 against 5,55926Q22026Q3 sales 6,509 against 6,42926Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-19 16:305.2605.4835.2606,5096,429EPS -4.1% · sales +1.2%vs 2025Q3, year-ago quarter · EPS +92.0% · sales +34.8%11 EPS · 9 salesOpen -5.11% vs SPY -0.08%. Close -0.33% vs SPY +0.34%
2026Q2ended 2026-06-302026-07-20 16:303.6903.6263.6946,0925,559EPS +1.8% · sales +9.6%vs 2025Q2, year-ago quarter · EPS +83.6% · sales +33.4%10 EPS · 8 salesOpen +3.72% vs SPY +0.57%. Close +1.31% vs SPY +0.83%
2026Q1ended 2026-03-312026-04-20 16:302.7802.7852.7765,2055,080EPS -0.2% · sales +2.5%vs 2025Q1, year-ago quarter · EPS +93.1% · sales +19.1%10 EPS · 8 salesOpen +1.26% vs SPY +0.22%. Close +5.19% vs SPY -0.65%
2025Q4ended 2025-12-312026-01-26 08:301.8201.7041.8194,4144,551EPS +6.8% · sales -3.0%vs 2024Q4, year-ago quarter · EPS +33.8% · sales +14.0%9Open +1.70% vs SPY +0.18%. Close -4.41% vs SPY +0.51%
2025Q3ended 2025-09-302025-10-20 16:302.7402.6302.7354,8284,765EPS +4.2% · sales +1.3%vs 2024Q3, year-ago quarter · EPS +33.7% · sales +11.2%11 EPS · 10 salesOpen -0.12% vs SPY +0.02%. Close +5.15% vs SPY 0.00%
2025Q2ended 2025-06-302025-07-21 16:302.0102.2392.0054,5654,716EPS -10.2% · sales -3.2%vs 2024Q2, year-ago quarter · EPS -26.1% · sales -1.5%11 EPS · 9 salesOpen -4.79% vs SPY +0.05%. Close -1.70% vs SPY +0.01%
2025Q1ended 2025-03-312025-04-22 16:301.4401.3841.4404,3694,195EPS +4.0% · sales +4.2%vs 2024Q1, year-ago quarter · EPS -60.7% · sales -6.9%12 EPS · 10 salesOpen +2.96% vs SPY +2.50%. Close +4.34% vs SPY +1.55%
2024Q4ended 2024-12-312025-01-22 16:301.3601.2881.3573,8723,969EPS +5.6% · sales -2.4%vs 2023Q4, year-ago quarter · EPS -47.9% · sales -8.5%12 EPS · 10 salesOpen -1.53% vs SPY -0.11%. Close -0.42% vs SPY +0.55%
2024Q3ended 2024-09-302024-10-16 16:302.0501.9812.0534,3424,177EPS +3.5% · sales +3.9%vs 2023Q3, year-ago quarter · EPS -41.0% · sales -5.4%11 EPS · 9 salesOpen +4.72% vs SPY +0.62%. Close +4.00% vs SPY +0.01%
2024Q2ended 2024-06-302024-07-17 16:302.7202.7102.7164,6334,428EPS +0.4% · sales +4.6%vs 2023Q2, year-ago quarter · EPS -43.4% · sales -8.8%11 EPS · 9 salesOpen -2.01% vs SPY +0.28%. Close -0.72% vs SPY -0.77%
2024Q1ended 2024-03-312024-04-23 16:303.6683.5083.6654,6944,736EPS +4.6% · sales -0.9%vs 2023Q1, year-ago quarter · EPS -8.5% · sales -4.1%9 EPS · 8 salesOpen +5.14% vs SPY +0.18%. Close -3.16% vs SPY -0.05%
2023Q4ended 2023-12-312024-01-23 16:302.6122.6282.6154,2334,223EPS -0.6% · sales +0.3%vs 2022Q4, year-ago quarter · EPS -40.2% · sales -12.3%10 EPS · 8 salesOpen -5.22% vs SPY +0.61%. Close +0.34% vs SPY +0.11%
2023Q3ended 2023-09-302023-10-18 16:303.4723.5373.4754,5874,486EPS -1.8% · sales +2.2%vs 2022Q3, year-ago quarter · EPS -36.4% · sales -18.8%9 EPS · 6 sales-
2023Q2ended 2023-06-302023-07-19 16:304.8104.7764.8095,0825,512EPS +0.7% · sales -7.8%vs 2022Q2, year-ago quarter · EPS -28.5% · sales -18.2%11 EPS · 7 sales-
2023Q1ended 2023-03-312023-04-19 16:304.0103.6213.6954,8934,951EPS +10.7% · sales -1.2%vs 2022Q1, year-ago quarter · EPS -33.4% · sales -12.1%11 EPS · 7 sales-
2022Q4ended 2022-12-312023-01-25 16:304.3703.7653.6094,8264,730EPS +16.1% · sales +2.0%vs 2021Q4, year-ago quarter · EPS -24.4% · sales -9.1%10 EPS · 7 sales-

Annual earnings

2025FY EPS 7.990 beat 7.958, from 9.840 a year earlier. Sales 18,177 missed 18,298, from 17,540 a year earlier
EPS
22.68002018FY EPS 5.490 against 5.41220182019FY EPS 3.050 against 3.02120192020FY EPS 2.840 against 2.57720202021FY EPS 16.090 against 16.03220212022FY EPS 22.680 against 21.43220222023FY EPS 14.782 against 14.79220232024FY EPS 9.840 against 9.76120242025FY EPS 7.990 against 7.9582025
Sales, USD millions
22,26102018FY sales 11,822 against 11,84220182019FY sales 10,485 against 10,43520192020FY sales 9,601 against 9,55620202021FY sales 18,409 against 18,31420212022FY sales 22,261 against 22,11920222023FY sales 18,795 against 18,78220232024FY sales 17,540 against 17,62420242025FY sales 18,177 against 18,2982025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2029FYestimate-16.190--24,27914.61
2028FYestimate-19.164--24,12512.34
2027FYestimate-22.124--25,42010.69
2026FYestimate-17.666--24,22913.39
2025FY7.9907.9587.99318,17718,29821.21
2024FY9.8409.7619.84517,54017,62411.59
2023FY14.78214.79214.63818,79518,7827.99
2022FY22.68021.43220.92222,26122,1194.31
2021FY16.09016.03215.55618,40918,3143.86
2020FY2.8402.5772.5949,6019,55612.98
2019FY3.0503.0213.04010,48510,43511.16
2018FY5.4905.4125.35011,82211,8425.47
2017FY2.5802.6033.3629,5399,44116.72
2016FY1.9201.9121.5587,7777,72218.53
2015FY0.7400.678-0.5387,5947,673319.61
2014FY1.3501.3280.6708,7568,764175.19
2013FY0.8300.8330.8307,3737,355284.95
2012FY0.7800.7110.7307,2907,282303.22
2011FY1.2301.1801.2207,9988,020192.29
2010FY0.6700.6810.6406,3016,350353.00

Quarterly results

2026Q3 revenue 6,509, from 4,828 a year earlier. Operating margin 15.5%, from 10.5% a year earlier
Revenue, USD millions
6,50902024Q4 revenue 3,87224Q42025Q1 revenue 4,36925Q12025Q2 revenue 4,56525Q22025Q3 revenue 4,82825Q32025Q4 revenue 4,41425Q42026Q1 revenue 5,20526Q12026Q2 revenue 6,09226Q22026Q3 revenue 6,50926Q3
Operating margin
15.502024Q4 operating margin 6.1%24Q42025Q1 operating margin 6.3%25Q12025Q2 operating margin 8.4%25Q22025Q3 operating margin 10.5%25Q32025Q4 operating margin 7.0%25Q42026Q1 operating margin 10.3%26Q12026Q2 operating margin 11.5%26Q22026Q3 operating margin 15.5%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 17.67 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-1117.67+0.0%
2026Q4Eper share2026-11-115.88+0.1%
2026FYRper share2026-11-0317.81-0.7%
2026Q4Rper share2026-11-035.88-2.1%
2026FYSUSD millions2026-11-0324,229-0.1%
2026Q4SUSD millions2026-11-036,363+0.1%
2026Q3Eper share2026-10-165.48+0.2%
2026Q3SUSD millions2026-10-146,429-0.1%
2026Q3Rper share2026-10-095.70+0.1%
2026Q2Eper share2026-07-173.63-0.5%
2026Q2SUSD millions2026-07-175,559-0.1%
2026Q2Rper share2026-07-143.55-0.2%
2026Q1Eper share2026-04-172.780.0%
2026Q1SUSD millions2026-04-145,0800.0%
2026Q1Rper share2026-04-132.79+0.2%
2025FYEper share2026-01-217.96-0.3%
2025Q4Eper share2026-01-211.70-9.7%
2025FYRper share2026-01-218.03-0.9%
2025Q4Rper share2026-01-211.91-4.8%
2025FYSUSD millions2026-01-2118,2980.0%
2025Q4SUSD millions2026-01-214,551-0.2%
2025Q3Eper share2025-10-102.64+0.0%
2025Q3Rper share2025-10-102.66+0.1%
2025Q3SUSD millions2025-10-104,7630.0%
2025Q2Eper share2025-07-172.24-1.1%
2025Q2SUSD millions2025-07-174,716-0.4%
2025Q2Rper share2025-07-112.19+0.0%
2025Q1Eper share2025-04-171.390.0%
2025Q1Rper share2025-04-151.40+0.1%
2025Q1SUSD millions2025-04-154,1950.0%
2024FYEper share2025-01-209.760.0%
2024Q4Eper share2025-01-201.29-1.9%
2024FYSUSD millions2025-01-2017,6240.0%
2024Q4SUSD millions2025-01-203,9690.0%
2024FYRper share2025-01-179.77-0.2%
2024Q4Rper share2025-01-161.31-0.3%
2024Q3Eper share2024-10-111.97+0.0%
2024Q3Rper share2024-10-081.970.0%
2024Q3SUSD millions2024-10-084,177+0.0%
2024Q2Eper share2024-07-152.730.0%
2024Q2Rper share2024-07-152.790.0%
2024Q2SUSD millions2024-07-154,434+0.0%
2024Q1Eper share2024-04-153.51+0.0%
2024Q1Rper share2024-04-153.52+0.0%
2024Q1SUSD millions2024-04-154,736+0.0%
2023FYEper share2024-01-1514.79+0.1%
2023FYRper share2024-01-1514.530.0%
2023FYSUSD millions2024-01-1518,782+0.1%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share3.3625.353.042.59415.55620.92214.6389.8457.98913.5528-
Sales USD millions9,53911,82210,4659,60118,40922,26118,79517,54018,17722,220-
Shares million shares237225215211195173160151145-142
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share2.0531.3571.442.0052.7351.8192.7763.6945.264
Sales USD millions4,3423,8724,3694,5654,8284,4145,2056,0926,509
Shares million shares153151149148146145144144142

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue22,219.8818,176.58+3.6%17,540.39-6.7%18,795.32-15.6%22,260.77+20.9%18,408.85+91.7%9,601.48-8.3%10,464.99-11.5%11,821.84
Cost of Goods Sold Incl. D&A18,716.5515,858.59+6.2%14,933.23-0.9%15,061.42-9.5%16,647.37+23.9%13,433.29+63.1%8,237.55-8.9%9,040.74-6.8%9,705.34
Gross Profit3,503.332,317.99-11.1%2,607.16-30.2%3,733.90-33.5%5,613.41+12.8%4,975.56+264.8%1,363.93-4.2%1,424.26-32.7%2,116.50
Selling, General and Administrative Excl. Other948.25765.31+15.2%664.12+12.8%588.62+7.9%545.62-15.3%643.98+34.9%477.45+9.4%436.50+4.8%416.64
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,555.081,552.69-20.1%1,943.04-38.2%3,145.28-37.9%5,067.79+17.0%4,331.58+388.6%886.48-10.3%987.76-41.9%1,699.86
Interest Expense138.6570.04+24.3%56.35-26.3%76.48-16.5%91.54+60.0%57.21-39.7%94.88-25.4%127.10+0.4%126.62
Unusual Expense0.0070.200.00-5.91-24.03-178.8%30.48-22.5%39.34+4370.5%0.88-22.55
Net Income Before Taxes2,485.871,492.97-24.7%1,982.88-38.4%3,218.94-35.9%5,021.07+19.3%4,209.07+496.6%705.48-19.4%875.34-46.0%1,619.77
Income Taxes534.77305.66-29.4%432.93-42.4%751.61-34.2%1,141.58+18.6%962.26+614.6%134.65-31.8%197.44-45.8%363.97
Consolidated Net Income1,951.091,187.31-23.4%1,549.96-37.2%2,467.33-36.4%3,879.49+19.5%3,246.81+468.8%570.83-15.8%677.90-46.0%1,255.81
Net Income From Continuing Operations1,959.561,185.60-22.9%1,537.13-37.3%2,450.88-36.5%3,862.67+20.2%3,214.07+483.5%550.82-17.9%671.10-46.7%1,258.38
Net Income1,959.561,185.60-22.9%1,537.13-37.3%2,450.88-36.5%3,862.67+20.2%3,214.07+483.5%550.82-17.9%671.10-46.7%1,258.38
EPS (Recurring) per share13.648.32-15.4%9.84-32.6%14.61-29.9%20.83+33.0%15.66+475.7%2.72-10.5%3.04-42.4%5.28
EPS (Basic, Before Extraordinaries) per share13.618.02-18.9%9.89-32.8%14.72-30.1%21.06+34.4%15.67+500.4%2.61-14.7%3.06-43.1%5.38
EPS (Diluted) per share13.557.99-18.8%9.84-32.8%14.64-30.0%20.92+34.4%15.56+500.8%2.59-14.8%3.04-43.2%5.35
EBITDA3,209.412,104.08-13.1%2,421.94-32.4%3,583.08-34.3%5,451.99+16.5%4,679.24+286.0%1,212.27-7.4%1,308.84-35.1%2,017.05
Non-Operating Income (Expense)69.4480.53-16.3%96.19-33.3%144.25+593.8%20.79-34.83-46.79-400.7%15.56-35.1%23.98
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense43.7652.77+1.8%51.82+9.1%47.48-13.2%54.67-6.6%58.55+58.2%37.01+17.1%31.61+3.4%30.57
Price To Earnings Ratio ratio statement ratio, not the snapshot17.5017.5010.327.584.313.9614.2311.235.62
Price To Sales Ratio ratio1.431.381.021.050.810.700.820.720.60
Gross Margin %15.7712.7514.8619.8725.2227.0314.2113.6117.90
Operating Margin %11.508.5411.0816.7322.7723.539.239.4414.38
Net Margin %8.826.528.7613.0417.3517.465.746.4110.64
Shares Outstanding million shares142.45144.94-4.1%151.12-5.6%160.02-7.5%172.94-11.3%195.00-7.5%210.91-1.7%214.50-4.8%225.27
Market Capitalization33,721.0733,721.07+94.2%17,366.59-9.1%19,110.47+11.4%17,153.29+39.3%12,317.85+58.8%7,756.23+5.8%7,333.99+6.4%6,895.74

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue6,509.42+34.8%6,091.56+33.4%5,204.86+19.1%4,414.05+14.0%4,828.22+11.2%4,565.12-1.5%4,369.19-6.9%3,872.14-8.5%
Cost of Goods Sold Incl. D&A5,234.83+28.4%5,140.31+30.0%4,449.44+14.4%3,891.98+12.6%4,077.22+8.9%3,953.55+2.3%3,889.55+4.5%3,457.73-2.7%
Gross Profit1,274.59+69.7%951.24+55.5%755.42+57.5%522.07+26.0%750.99+25.7%611.57-20.3%479.65-50.7%414.41-39.1%
Selling, General and Administrative Excl. Other268.22+10.3%250.76+9.6%217.42+6.3%211.84+19.8%243.23+20.3%228.72+9.9%204.50-7.9%176.90+12.5%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,006.37+98.2%700.48+83.0%538.00+95.5%310.23+30.6%507.76+28.4%382.86-31.5%275.14-63.4%237.50-54.6%
Interest Expense39.33+189.8%39.12+125.1%33.24+174.0%26.96+84.9%13.57-20.5%17.38+36.6%12.13+1.3%14.58-1.4%
Unusual Expense0.000.000.000.000.000.000.000.00-100.0%
Net Income Before Taxes978.58+90.4%683.46+76.2%513.21+82.9%310.61+27.3%513.85+25.9%387.87-31.4%280.65-63.4%243.96-55.0%
Income Taxes222.90+102.8%152.68+76.2%113.11+79.6%46.09+35.2%109.92+26.2%86.67-35.0%62.98-64.7%34.09-70.4%
Consolidated Net Income755.69+87.1%530.78+76.2%400.11+83.8%264.51+26.0%403.93+25.9%301.19-30.2%217.68-62.9%209.87-50.9%
Net Income From Continuing Operations756.00+87.3%534.09+78.8%403.44+85.8%266.03+28.3%403.69+27.0%298.73-30.2%217.15-62.8%207.29-51.1%
Net Income756.00+87.3%534.09+78.8%403.44+85.8%266.03+28.3%403.69+27.0%298.73-30.2%217.15-62.8%207.29-51.1%
EPS (Recurring) per share5.26+92.7%3.69+83.6%2.78+93.1%1.82+33.8%2.73+33.2%2.01-26.1%1.44-60.8%1.36-48.3%
EPS (Basic, Before Extraordinaries) per share5.29+92.4%3.71+84.6%2.79+92.4%1.83+34.6%2.75+33.5%2.01-26.4%1.45-60.6%1.36-48.3%
EPS (Diluted) per share5.26+92.7%3.69+83.6%2.78+93.1%1.82+33.8%2.73+33.2%2.01-26.1%1.44-60.8%1.36-47.9%
EBITDA1,181.21+82.8%874.40+69.5%697.28+70.5%456.51+25.7%646.24+25.1%515.72-23.7%408.90-52.8%363.05-42.8%
Non-Operating Income (Expense)11.55-41.3%22.11-1.3%8.45-52.1%27.33+29.9%19.66-33.7%22.39+19.7%17.64-34.1%21.04-45.4%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense10.50-6.7%10.84+2.6%3.05+103.3%19.37-49.0%11.25+16.3%10.57+7.6%1.50-86.9%38.00+111.9%
Price To Earnings Ratio ratio statement ratio, not the snapshot17.5024.5822.5022.4820.3416.9212.7810.32
Price To Sales Ratio ratio1.431.621.381.361.171.111.100.99
Gross Margin %19.5815.6214.5111.8315.5513.4010.9810.70
Operating Margin %15.4611.5010.347.0310.528.396.306.13
Net Margin %11.618.777.756.038.366.544.975.35
Shares Outstanding million shares142.45-2.5%143.61-2.8%144.44-3.3%144.94-4.1%146.16-4.5%147.79-5.0%149.38-5.4%151.12-5.6%
Market Capitalization33,721.07+64.3%33,091.11+74.1%26,078.76+39.1%24,745.63+42.5%20,524.79+5.5%19,003.60-6.6%18,749.12-20.0%17,366.59-9.1%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments769.88+4.4%737.27-65.3%2,122.10-6.0%2,256.63+81.4%1,243.87-9.1%1,368.62-16.7%1,643.63+55.5%1,057.00+2.8%1,028.65
Short Term Receivables1,682.66+18.7%1,417.20-11.9%1,608.31-21.8%2,056.05+7.3%1,916.43+97.2%971.92+15.1%844.34-19.1%1,043.76+20.1%868.84
Inventories3,738.52+20.1%3,113.73+7.6%2,894.63-7.5%3,129.96-11.4%3,531.13+91.5%1,843.55+9.1%1,689.04-9.2%1,859.17+22.4%1,519.35
Other Current Assets293.12+79.7%163.13+0.2%162.79-16.7%195.37-6.8%209.59+181.9%74.36-2.2%76.01+4.5%72.73-20.5%91.51
Total Current Assets6,484.17+19.4%5,431.34-20.0%6,787.83-11.1%7,638.02+10.7%6,901.02+62.1%4,258.45+0.1%4,253.02+5.5%4,032.66+14.9%3,508.34
Net Property, Plant & Equipment8,739.65+6.2%8,231.49+20.0%6,861.72+25.1%5,484.30+13.0%4,851.55+15.6%4,195.85+30.7%3,211.06+9.0%2,945.77+10.1%2,675.90
Total Investments and Advances5.40-1.8%5.50-1.8%5.60+1.8%5.500.0%5.500.0%5.50-6.8%5.90-4.8%6.20-63.4%16.94
Intangible Assets808.76+14.8%704.71-4.2%735.23-4.5%769.57+2.7%749.18-4.2%781.80+0.1%780.82+11.6%699.97+8.7%643.80
Deferred Tax Assets-116.73+57.0%74.37+13.1%65.78+6.6%61.72+3.0%59.94-523.10-1273.4%44.58+7.5%41.48
Other Assets381.80-32.1%562.20+8.5%518.05+97.3%262.59+995.0%23.98+0.1%23.96-4.0%24.96+31.6%18.97+76.6%10.74
Total Assets16,419.78+9.1%15,051.96+0.5%14,982.79+5.3%14,225.76+13.0%12,592.95+35.0%9,325.50+20.3%7,752.66+0.1%7,748.14+12.3%6,897.22
Short Term Debt Incl. Current Port. of LT Debt58.81-86.8%446.90-7.1%480.99+531.4%76.18-33.8%115.00+9.9%104.60-2.1%106.89+341.1%24.23-15.9%28.80
Accounts Payable1,231.36+25.7%979.91-10.0%1,088.33+7.0%1,017.24-20.6%1,280.56+66.4%769.46+49.9%513.34-6.8%550.75+12.5%489.45
Income Tax Payable67.31+1680.7%3.78-31.5%5.52-15.3%6.52-52.6%13.75+475.3%2.39+18.9%2.01-73.1%7.47+101.9%3.70
Other Current Liabilities764.77+6.2%719.98-4.9%757.45-18.8%932.35+14.0%818.07+114.0%382.35-0.5%384.45-12.0%436.68+26.0%346.58
Total Current Liabilities2,122.25-1.3%2,150.58-7.8%2,332.30+14.8%2,032.30-8.8%2,227.37+76.9%1,258.79+25.0%1,006.70-1.2%1,019.14+17.3%868.52
Long Term Debt4,324.00+49.2%2,898.43+6.6%2,718.22-12.5%3,105.03+0.5%3,090.95+0.1%3,088.40+14.3%2,702.89+14.9%2,352.490.0%2,353.14
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities1,004.38-1.4%1,018.910.0%1,019.14+6.7%954.88+4.2%916.62+53.7%596.23-38.93-108.1%480.42+38.3%347.43
Other Liabilities38.74-0.1%38.78-47.3%73.61+95.0%37.75-0.2%37.84+11.7%33.87+97.4%17.16+93.5%8.87-59.3%21.81
Total Liabilities7,489.37+22.6%6,106.71-0.6%6,143.27+0.2%6,129.96-2.3%6,272.78+26.0%4,977.28+35.0%3,687.81-4.5%3,860.91+7.5%3,590.91
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity8,957.18+0.3%8,934.29+0.8%8,866.67+9.1%8,130.36+29.0%6,304.64+45.1%4,345.16+6.6%4,075.83+3.6%3,935.07+17.4%3,351.57
Total Shareholders Equity8,957.18+0.3%8,934.29+0.8%8,866.67+9.1%8,130.36+29.0%6,304.64+45.1%4,345.16+6.6%4,075.83+3.6%3,935.07+17.4%3,351.57
Accumulated Minority Interest-26.77-344.3%10.96-27.14-34.55-322.5%15.53+407.5%3.06-10.98-47.84-45.27
Total Equity8,930.41-0.2%8,945.25+1.2%8,839.53+9.2%8,095.81+28.1%6,320.17+45.4%4,348.23+7.0%4,064.86+4.6%3,887.23+17.6%3,306.31
Total Liabilities & Stockholders Equity16,419.78+9.1%15,051.96+0.5%14,982.79+5.3%14,225.76+13.0%12,592.95+35.0%9,325.51+20.3%7,752.66+0.1%7,748.14+12.3%6,897.22
Book Value Per Share per share61.80+4.5%59.12+6.7%55.41+17.9%47.01+45.4%32.33+56.9%20.60+8.4%19.00+8.8%17.47+23.7%14.12
Tangible Book Value Per Share per share56.22+3.2%54.46+7.2%50.82+19.4%42.56+49.4%28.49+68.7%16.89+10.0%15.36+7.0%14.36+25.9%11.41
Full-Time Employees people14,400+10.8%13,000+3.2%12,600+4.5%12,060+13.3%10,640+10.5%9,625+14.8%8,385+2.3%8,200+7.4%7,635
Price to Book Ratio ratio3.431.922.172.161.921.791.791.723.29
Return on Assets %7.5310.2416.7828.8129.336.458.6617.1812.20
Return on Equity %13.2517.2728.8453.5260.3613.0816.7534.5425.89
Return on Invested Capital %8.9312.9921.1634.3834.217.419.9020.0114.25
Quick Ratio ratio1.291.081.672.221.511.922.552.132.29
Current Ratio ratio3.062.532.913.763.103.384.223.964.04

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income1,951.091,187.31-23.4%1,549.96-37.2%2,467.33-36.4%3,879.49+19.5%3,246.81+468.8%570.83-15.8%677.90-46.0%1,255.81
Depreciation654.33551.39+15.1%478.91+9.4%437.80+14.0%384.20+10.5%347.65+6.7%325.79+1.5%321.08+1.2%317.20
Other Funds (Non Cash)82.6558.77-3.8%61.08+45.3%42.03-26.8%57.45+5.5%54.48-48.6%105.98+116.1%49.04+16.6%42.07
Funds from Operations2,686.661,891.87-7.6%2,047.36-31.8%3,002.83-31.1%4,358.32+9.8%3,970.95+278.0%1,050.41-4.5%1,099.75-34.4%1,676.90
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-991.90-442.34-202.86-139.2%517.10+406.6%102.08-1,766.81-63.37-121.4%296.54-261.43
Income Taxes Payable--------12.10-
Cash from Operating Activities1,694.761,449.53-21.4%1,844.50-47.6%3,519.93-21.1%4,460.40+102.4%2,204.14+123.3%987.03-29.3%1,396.29-1.4%1,415.47
Capital Expenditures-599.92-948.02-1,868.01-1,657.90-908.90-1,006.24-1,198.06-451.94-239.39
Net Assets From Acquisitions-175.77-175.770.000.00-134.090.00-60.01-97.11-434.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.00147.43-74.3%572.95-90.75-852.110.00-100.0%262.17-33.39-228.78
Purchase of Investments0.00-39.57-739.34-1,145.49-1,150.060.00-149.36-396.16-268.78
Sale Or Maturity of Investments0.00187.00-85.8%1,312.29+24.4%1,054.74+254.0%297.950.00-100.0%411.53+13.4%362.77+806.9%40.00
Other Uses0.000.00-8.31-221.59-----
Other Sources-2.981.420.000.00-100.0%15.84+132.3%6.82+159.3%2.63-54.3%5.76-16.6%6.91
Cash from Investing Activities-778.68-974.96-1,303.36-1,970.25-1,879.27-999.42-993.26-576.69-895.26
Cash Dividends Paid-298.22-291.18-282.62-271.32-237.16-212.97-209.25-200.27-168.91
Change in Capital Stock-831.23-900.87-1,212.16-1,452.20-1,800.90-1,060.63-106.53-348.61-523.57
Repurchase of Common Pref Stock-831.23-900.87-1,212.16-1,452.20-1,800.90-1,060.63-106.53-348.61-523.57
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net416.11985.82+520.6%158.86-1.89-42.22-5.45-101.6%345.83+11.6%309.81-9.88
Change in Long Term Debt416.11985.82+520.6%158.86-1.89-42.22-5.45-101.6%345.83+11.6%309.81-9.88
Issuance of Long Term Debt3,221.713,553.68+43.1%2,482.92+81.8%1,365.66-6.8%1,465.26-3.4%1,516.56-39.9%2,523.36+60.3%1,573.96+253.2%445.61
Reduction of Long Term Debt-2,805.60-2,567.86-2,324.06-1,367.55-1,507.47-1,522.00-2,177.53-1,264.15-455.49
Net Financing Active Other Cash Flow-44.60-88.09-16.68-51.73-116.30-50.42-37.10-27.56-18.50
Other Financing Activities Uses-44.60-88.09-16.68-51.73-116.30-50.42-37.10-27.56-18.50
Cash from Financing Activities-757.94-294.31-1,352.60-1,777.13-2,196.58-1,329.47-7.05-266.63-720.87
Net Change in Cash158.14180.26-811.45-227.46-159.1%384.55-124.75-13.28-102.4%552.97-200.66
Free Cash Flow1,094.83501.51-23.50-101.3%1,862.02-47.6%3,551.50+196.5%1,197.90-211.02-122.3%944.35-19.7%1,176.08
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio39.95119.56-12.435.4413.02-10.107.01
Deferred Taxes & Investment Tax Credit-94.40-42.58-176.5%55.66+49.7%37.19-88.5%322.01+573.5%47.81-7.6%51.72-16.4%61.83

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments928.56+20.5%567.71+14.1%556.53-53.9%769.88+4.4%770.36-53.6%497.62-60.1%1,206.55-28.7%737.27-65.3%
Short Term Receivables2,446.44+38.8%2,442.94+43.6%2,056.43+19.5%1,682.66+18.7%1,761.96+12.6%1,700.97-4.2%1,720.80-1.0%1,417.20-11.9%
Inventories4,249.06+33.0%3,955.62+21.3%3,908.12+26.1%3,738.52+20.1%3,195.66+5.0%3,260.90+6.1%3,099.05+2.4%3,113.73+7.6%
Other Current Assets390.11+11.0%314.77+36.2%274.09+44.0%293.12+79.7%351.43+102.9%231.10+63.2%190.30+37.3%163.13+0.2%
Total Current Assets8,014.17+31.8%7,281.03+27.9%6,795.17+9.3%6,484.17+19.4%6,079.40-5.7%5,690.60-8.8%6,216.70-5.8%5,431.34-20.0%
Net Property, Plant & Equipment8,491.090.0%8,491.77+0.3%8,549.88+2.7%8,739.65+6.2%8,493.55+8.5%8,465.48+13.9%8,322.65+17.8%8,231.49+20.0%
Total Investments and Advances5.300.0%5.30+1.9%5.200.0%5.40-1.8%5.30-3.6%5.20-7.1%5.20-5.5%5.50-1.8%
Intangible Assets781.29+14.2%793.23+14.8%800.96+14.8%808.76+14.8%684.02-4.0%690.91-4.0%697.81-4.1%704.71-4.2%
Deferred Tax Assets-------116.73+57.0%
Other Assets544.00-22.6%542.06-22.2%569.01-17.3%381.80-32.1%702.75+4.5%696.45+5.0%688.06+8.8%562.20+8.5%
Total Assets17,835.84+11.7%17,113.40+10.1%16,720.22+5.0%16,419.78+9.1%15,965.03+1.9%15,548.64+3.2%15,930.43+6.0%15,051.96+0.5%
Short Term Debt Incl. Current Port. of LT Debt20.85+1358.0%1.33-8.9%22.12-94.7%58.81-86.8%1.43-99.8%1.46-99.8%418.95-1.6%446.90-7.1%
Accounts Payable1,605.23+32.1%1,483.57+20.9%1,379.49+9.7%1,231.36+25.7%1,214.77+12.5%1,227.18+1.1%1,257.69+6.3%979.91-10.0%
Income Tax Payable64.23+1978.6%32.34+1462.3%135.20+212.6%67.31+1680.7%3.09-50.6%2.07-65.9%43.25-71.2%3.78-31.5%
Other Current Liabilities857.97+16.3%770.06+30.9%633.90+16.0%764.77+6.2%737.44+1.8%588.37-5.2%546.58+1.4%719.98-4.9%
Total Current Liabilities2,548.28+30.2%2,287.31+25.7%2,170.72-4.2%2,122.25-1.3%1,956.73-27.3%1,819.08-31.5%2,266.46-1.4%2,150.58-7.8%
Long Term Debt4,183.04+10.6%4,180.81+10.6%4,178.67+10.6%4,324.00+49.2%3,781.03+34.9%3,779.56+70.8%3,777.13+44.6%2,898.43+6.6%
Provision for Risks Charges0.000.000.000.000.000.000.000.00
Deferred Tax Liabilities1,116.08+1.0%1,070.82+11.8%1,042.98+13.6%1,004.38-1.4%1,105.13+17.2%957.56+3.1%918.43-0.6%1,018.910.0%
Other Liabilities208.93+37.6%211.40+42.5%194.45+44.6%38.74-0.1%151.82+6.0%148.38+3.1%134.51-6.8%38.78-47.3%
Total Liabilities8,056.33+15.2%7,750.33+15.6%7,586.82+6.9%7,489.37+22.6%6,994.70+6.3%6,704.59+12.9%7,096.53+18.7%6,106.71-0.6%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity9,842.43+9.4%9,419.53+6.3%9,164.86+3.9%8,957.18+0.3%8,995.14-1.0%8,864.05-2.9%8,824.71-2.7%8,934.29+0.8%
Total Shareholders Equity9,842.43+9.4%9,419.53+6.3%9,164.86+3.9%8,957.18+0.3%8,995.14-1.0%8,864.05-2.9%8,824.71-2.7%8,934.29+0.8%
Accumulated Minority Interest-62.92-56.46-31.46-442.7%-26.77-344.3%-24.82-20.009.1810.96
Total Equity9,779.51+9.0%9,363.07+5.9%9,133.40+3.4%8,930.41-0.2%8,970.33-1.2%8,844.05-3.0%8,833.89-2.4%8,945.25+1.2%
Total Liabilities & Stockholders Equity17,835.84+11.7%17,113.40+10.1%16,720.22+5.0%16,419.78+9.1%15,965.03+1.9%15,548.64+3.2%15,930.43+6.0%15,051.96+0.5%
Book Value Per Share per share69.09+12.3%65.59+9.4%63.45+7.4%61.80+4.5%61.54+3.7%59.98+2.2%59.08+2.8%59.12+6.7%
Tangible Book Value Per Share per share63.61+11.9%60.07+8.6%57.90+6.4%56.22+3.2%56.86+4.0%55.30+2.3%54.40+2.9%54.46+7.2%
Full-Time Employees people---14,400+10.8%---13,000+3.2%
Price to Book Ratio ratio3.433.622.912.752.322.172.121.92
Return on Assets %11.599.848.407.537.136.807.5610.24
Return on Equity %20.8017.5815.2513.2512.4711.5713.0817.27
Return on Invested Capital %5.393.933.022.003.162.361.721.75
Quick Ratio ratio1.481.451.331.291.471.341.381.08
Current Ratio ratio3.143.183.133.063.113.132.742.53

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income755.69+87.1%530.78+76.2%400.11+83.8%264.51+26.0%403.93+25.9%301.19-30.2%217.68-62.9%209.87-50.9%
Depreciation174.84+26.2%173.92+30.9%159.28+19.1%146.28+16.5%138.49+14.4%132.87+13.5%133.76+16.1%125.55+12.4%
Other Funds (Non Cash)12.39+98.2%28.59+117.1%15.16+18.0%26.50+48.5%6.25+170.6%13.17+99.2%12.85-62.6%17.85-21.9%
Funds from Operations987.42+41.8%763.28+56.9%607.21+59.6%328.75+5.3%696.24+51.7%486.36-13.1%380.53-46.9%312.30-42.7%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital-141.62-637.0%-335.34-458.90-56.04-262.1%26.37-91.2%-184.75-227.9334.57-89.2%
Cash from Operating Activities845.79+17.0%427.94+41.9%148.32-2.8%272.71-21.4%722.61-4.9%301.61-21.2%152.60-57.0%346.87-59.9%
Capital Expenditures-149.61-123.84-137.98-188.50-165.69-288.33-305.51-453.18
Net Assets From Acquisitions0.000.000.00-175.770.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.00-100.0%0.000.00-100.0%0.00-100.0%39.57-19.96-108.5%127.81+90.4%496.98
Purchase of Investments0.000.000.000.000.00-29.57-10.00-39.46
Sale Or Maturity of Investments0.00-100.0%0.00-100.0%0.00-100.0%0.00-100.0%39.57-80.7%9.61-96.8%137.81-49.5%536.44+130.2%
Other Uses0.001.09+2.8%-1.090.00-100.0%0.001.06-1.067.35
Other Sources-1.99-135.6%4.72+208.5%0.00-5.705.591.530.00-100.0%0.00
Cash from Investing Activities-151.60-118.04-139.07-369.97-823.2%-120.53-305.70-178.7651.16
Cash Dividends Paid-76.11-76.56-72.47-73.08-73.89-74.69-69.51-70.40
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-275.56-200.29-115.09-240.30-210.39-200.05-250.14-295.14
Repurchase of Common Pref Stock-275.56-200.29-115.09-240.30-210.39-200.05-250.14-295.14
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net19.08-21.13-12.89-101.3%431.06-0.33-100.1%-418.33973.42-454.71
Change in Long Term Debt19.08-21.13-12.89-101.3%431.06-0.33-100.1%-418.33973.42-454.71
Issuance of Long Term Debt671.65+64.6%695.09+43.5%599.47-57.4%1,255.50+272.1%407.96-65.6%484.28-16.6%1,405.94+270.7%337.38+12.8%
Reduction of Long Term Debt-652.57-716.22-612.36-824.44-408.29-902.61-432.53-792.09
Net Financing Active Other Cash Flow-0.74-0.70-22.31-20.84-5.06-528.8%-31.72-461.3%-30.47-3.52
Other Financing Activities Uses-0.74-0.70-22.31-20.84-5.06-528.8%-31.72-461.3%-30.47-3.52
Cash from Financing Activities-333.34-298.67-222.76-135.7%96.84-289.66-204.4%-724.78623.29-823.77
Net Change in Cash360.85+15.5%11.23-213.51-135.8%-0.42312.42+68.7%-728.87597.14-425.75
Free Cash Flow696.19+25.0%304.09+2189.8%10.3484.22556.92+302.1%13.28-152.90-106.30-130.4%
Price to Free Cash Flow ratio39.9550.3070.58117.82914.99---

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Region
Name20242025vs 20242025 share
Non-US1,464.831,154.30-21.2%6.4%
United States16,075.5617,022.28+5.9%93.6%
Total17,540.3918,176.58+3.6%100.0%
Segment
Name20242025vs 20242025 share
Aluminum Operations318.69---
Consolidation, Policy-2,665.80---
Corporate and Other1,451.72---
Metals Recycling Operations4,136.91---
Steel Fabrication Operations1,771.80---
Steel Operations12,527.07---
Total Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) revenue-18,176.58-100.0%
Total17,540.3918,176.58+3.6%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.82%3.7M132.6M1.06M
2026-10-152.91%3.9M133.6M1.09M
2026-09-303.01%4.0M133.6M1.14M
2026-09-152.83%3.8M133.6M1.23M
2026-08-312.85%3.8M133.6M1.25M
2026-08-142.92%3.9M133.6M1.21M
2026-07-313.04%4.1M133.6M1.20M
2026-07-152.64%3.6M134.5M1.22M
2026-06-302.74%3.7M134.5M1.20M
2026-06-152.98%4.0M134.4M1.15M
2026-05-292.82%3.8M134.5M1.17M
2026-05-152.75%3.7M134.5M1.16M
2026-04-302.74%3.7M134.4M1.26M
2026-04-153.04%4.1M134.9M1.26M
2026-03-313.01%4.1M135.3M1.33M
2026-03-132.69%3.6M135.3M1.32M
2026-02-272.70%3.7M135.3M1.32M
2026-02-133.25%4.4M136.4M1.31M
2026-01-302.71%3.7M136.4M1.26M
2026-01-152.65%3.6M136.4M1.28M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call85.00150.4153.60.00409.4%0.000.000.994-0.1240.006
call90.00145.5149.30.00420.9%0.000.000.993-0.1240.006
call95.00140.5144.30.00399.6%0.000.000.993-0.1240.007
call100135.4139.30.00379.4%0.000.000.992-0.1240.007
call105130.5133.70.00336.1%0.000.000.992-0.1240.007
call110125.5128.70.00318.8%0.000.000.992-0.1240.008
call115120.5124.3159.5324.5%0.000.000.991-0.1230.008
call120115.5119.30.00307.9%0.000.000.991-0.1230.009
call125110.6114.30.00291.9%0.000.000.990-0.1230.009
call130105.5109.3109.2276.5%3.000.000.990-0.1220.009
call135100.5104.3104.2261.7%2.000.000.989-0.1220.010
call14095.7099.30101.6247.4%2.000.000.985-0.1560.013
call14590.5094.3094.20233.6%1.000.000.984-0.1550.014
call15085.8089.4090.80222.7%2.000.000.980-0.1850.017
call15580.5083.7075.90214.2%2.000.000.978-0.1830.018
call16075.5079.4079.40196.8%2.000.000.977-0.1810.019
call16571.1074.4074.50184.3%2.000.000.976-0.1790.020
call17066.1069.4056.50172.2%2.000.000.974-0.1770.021
call17561.1064.4062.37160.3%0.000.000.972-0.1750.022
call18055.4059.4061.40148.7%1.000.000.970-0.1720.024
call18550.8053.9056.70127.9%9.000.000.967-0.1700.025
call19045.6049.5054.90127.6%8.000.000.964-0.1660.027
call19541.2044.5047.70116.4%32.000.000.961-0.1630.029
call20036.9039.5042.54105.3%7.000.000.956-0.1590.032
call21026.6029.8026.0088.1%39.000.000.926-0.1990.048
call22017.9020.4019.1270.1%30.000.000.781-0.4810.103
call2309.3011.9013.8056.7%1173.000.669-0.4420.126
call2404.706.306.4454.5%8915.000.458-0.4840.138
call2500.052.502.1350.1%73916.000.262-0.3870.113
call2600.051.250.9554.6%3123.000.135-0.2670.076
call2700.100.650.6059.1%5220.000.073-0.1840.048
call2800.000.450.5270.2%5030.000.082-0.2380.054
call2900.000.950.7577.2%1620.000.043-0.1570.032
call3000.001.100.4587.1%90.000.000.054-0.2020.041
call3100.003.600.0597.2%1110.000.035-0.1690.027
call3200.003.600.10106.4%3470.000.033-0.1730.025
call3300.003.400.54115.2%45.000.000.031-0.1780.024
call3400.000.050.0586.0%3830.000.005-0.0270.005
call3500.003.400.0599.6%14.000.000.005-0.0310.005
call3600.003.402.25105.9%3.000.000.005-0.0310.005
call3700.002.601.80112.0%2.000.000.004-0.0320.004
call3800.003.400.00117.9%0.000.000.004-0.0320.004
call3900.003.701.80123.6%3.000.000.004-0.0320.004
call4000.003.700.10129.1%3.000.000.004-0.0330.004
call4100.003.701.10134.4%1.000.000.004-0.0330.004
call4200.003.701.10139.6%1.000.000.004-0.0330.004
call4300.003.701.00144.6%1.000.000.003-0.0330.004
put85.000.003.700.00308.5%0.000.00-0.006-0.1210.006
put90.000.003.700.00292.4%0.000.00-0.007-0.1200.006
put95.000.003.700.00277.1%0.000.00-0.007-0.1190.007
put1000.003.700.00262.6%0.000.00-0.007-0.1190.007
put1050.003.700.00248.9%0.000.00-0.008-0.1180.007
put1100.003.700.95235.8%1.000.00-0.008-0.1170.008
put1150.003.700.00223.2%0.000.00-0.009-0.1160.008
put1200.003.700.00211.2%0.000.00-0.009-0.1160.009
put1250.003.700.10199.7%3.000.00-0.010-0.1150.009
put1300.003.700.00188.6%0.000.00-0.010-0.1140.009
put1350.002.601.35177.8%6.000.00-0.011-0.1130.010
put1400.003.407.70176.0%1.000.00-0.015-0.1460.013
put1450.004.901.45165.6%7.000.00-0.016-0.1440.014
put1500.003.600.95161.9%16.000.00-0.020-0.1740.017
put1550.003.403.90151.7%8.000.00-0.021-0.1720.018
put1600.003.400.05141.8%16.000.00-0.023-0.1690.019
put1650.003.600.05132.2%25.000.00-0.024-0.1670.020
put1700.003.400.05122.8%2090.00-0.026-0.1640.021
put1750.003.400.05113.7%2.000.00-0.028-0.1610.022
put1800.003.700.10104.7%29.000.00-0.030-0.1580.024
put1850.004.900.1595.9%9.000.00-0.033-0.1550.025
put1900.003.600.3587.2%65.000.00-0.036-0.1510.027
put1950.002.650.3878.7%95.000.00-0.039-0.1470.029
put2000.000.450.1570.2%15810.00-0.043-0.1420.032
put2100.200.700.4859.3%3730.00-0.074-0.1820.048
put2200.753.300.9071.6%6763.00-0.219-0.4630.103
put2302.304.002.5151.7%5102.00-0.331-0.4220.126
put2406.908.905.5553.5%7031.00-0.542-0.4630.138
put25013.1016.6024.0062.0%6330.00-0.737-0.3650.113
put26021.4024.3015.6058.9%1260.00-0.864-0.2430.076
put27031.1034.2032.2973.1%3.000.00-0.926-0.1600.048
put28040.8044.1040.8085.6%0.000.00-0.951-0.1240.035
put29050.8054.1056.7098.6%0.000.00-0.957-0.1300.032
put30060.8064.6043.50119.2%0.000.00-0.961-0.1360.029
put31070.8074.6062.50131.1%0.000.00-0.964-0.1400.027
put32080.8084.1081.40133.0%0.000.00-0.967-0.1440.025
put33090.8094.100.00143.3%0.000.00-0.969-0.1470.024
put340100.8104.6110.63163.3%0.000.00-0.9950.0020.005
put350110.8114.1107.4162.6%0.000.00-0.9950.0020.005
put360120.8124.694.00182.4%0.000.00-0.9950.0030.005
put370130.8134.6127.9191.4%0.000.00-0.9950.0040.004
put380140.8144.6137.3200.1%0.000.00-0.9960.0040.004
put390150.8154.6153208.4%0.000.00-0.9960.0050.004
put400160.8164.60.00216.5%0.000.00-0.9960.0060.004
put410170.8174.60.00224.3%0.000.00-0.9960.0070.004
put420181184.10.00219.7%0.000.00-0.9960.0080.004
put430190.8194.60.00239.2%0.000.00-0.9960.0090.004

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-108-KCurrent report2026-11-09SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-05SCHEDULE 13G/ASEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-208-KCurrent report2026-10-19SEC
2026-10-198-KCurrent report2026-10-19SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-09-188-KCurrent report2026-09-17SEC
2026-08-188-K/A2026-08-03SEC
2026-08-148-KCurrent report2026-08-14SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-06SCHEDULE 13GSEC
2026-08-048-KCurrent report2026-08-03SEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-284Statement of changes in beneficial ownership of securities2026-07-28SEC
2026-07-218-KCurrent report2026-07-20SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-06-188-KCurrent report2026-06-17SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110012.45M1
2026-100000
2026-090000
2026-080000
2026-070000
2026-06002.69M1
2026-05002.67M2
2026-04002.21M2
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.60%
VANGUARD CAPITAL MANAGEMENT LLC6.17%
STATE STREET CORP5.47%
VANGUARD PORTFOLIO MANAGEMENT LLC4.68%
FMR LLC3.78%
GEODE CAPITAL MANAGEMENT, LLC2.66%
Capital Research Global Investors2.55%
MORGAN STANLEY2.32%
NORGES BANK1.72%
NORDEA INVESTMENT MANAGEMENT AB1.62%

Funds

Fund% owned
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND65.33%
Baird Short-Term Bond Fund29.05%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND14.93%
Loomis Sayles Investment Grade Bond Fund13.84%
DFA Investment Grade Portfolio13.76%
VANGUARD INTERMEDIATE-TERM BOND INDEX FUND10.18%
VANGUARD CORE BOND FUND8.53%
T. Rowe Price Short-Term Bond Fund, Inc.8.10%
Bridge Builder Core Plus Bond Fund7.55%
Transamerica Short-Term Bond6.52%

OakChart. STLD. Cached 15 minutes. Terms