Steel Dynamics Inc (STLD) — Capital Reinvestment Ratio
Steel Dynamics Inc (STLD) has a Capital Reinvestment Ratio of 0.93x as of March 2026, meaning it reinvests 1% of its operating cash flow ($148.32 Million) in capital expenditures ($137.98 Million). Check STLD intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Steel Dynamics Inc Capital Reinvestment Ratio (1997–2025)
This chart tracks Steel Dynamics Inc's Capital Reinvestment Ratio across 28 annual periods. For the full cash flow conversion analysis, see Steel Dynamics Inc cash conversion from operations.
Annual Capital Reinvestment Ratio for Steel Dynamics Inc (1997–2025)
Year-by-year Capital Reinvestment Ratio for Steel Dynamics Inc from 1997 to 2025. See how much free cash does Steel Dynamics Inc generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.65x | $1.45 Billion | $948.02 Million | ▼ -35.4% |
| 2024 | 1.01x | $1.84 Billion | $1.87 Billion | ▲ +115.0% |
| 2023 | 0.47x | $3.52 Billion | $1.66 Billion | ▲ +131.1% |
| 2022 | 0.20x | $4.46 Billion | $908.90 Million | ▼ -55.4% |
| 2021 | 0.46x | $2.20 Billion | $1.01 Billion | ▼ -62.4% |
| 2020 | 1.21x | $987.03 Million | $1.20 Billion | ▲ +275.0% |
| 2019 | 0.32x | $1.40 Billion | $451.94 Million | ▲ +91.4% |
| 2018 | 0.17x | $1.42 Billion | $239.39 Million | ▼ -24.2% |
| 2017 | 0.22x | $739.61 Million | $164.94 Million | ▼ -4.0% |
| 2016 | 0.23x | $852.77 Million | $198.16 Million | ▲ +110.8% |
| 2015 | 0.11x | $1.04 Billion | $114.50 Million | ▼ -39.1% |
| 2014 | 0.18x | $617.57 Million | $111.78 Million | ▼ -69.8% |
| 2013 | 0.60x | $312.18 Million | $186.84 Million | ▲ +19.5% |
| 2012 | 0.50x | $446.30 Million | $223.53 Million | ▲ +45.9% |
| 2011 | 0.34x | $486.36 Million | $167.01 Million | ▼ -56.4% |
| 2010 | 0.79x | $169.31 Million | $133.39 Million | ▲ +6.4% |
| 2009 | 0.74x | $445.56 Million | $330.05 Million | ▲ +39.2% |
| 2008 | 0.53x | $775.30 Million | $412.50 Million | ▼ -42.4% |
| 2007 | 0.92x | $428.20 Million | $395.20 Million | ▲ +190.6% |
| 2006 | 0.32x | $404.95 Million | $128.62 Million | ▲ +55.7% |
| 2005 | 0.20x | $310.76 Million | $63.39 Million | ▼ -50.4% |
| 2004 | 0.41x | $247.92 Million | $102.05 Million | ▼ -61.7% |
| 2003 | 1.08x | $127.61 Million | $137.27 Million | ▼ -13.2% |
| 2002 | 1.24x | $115.02 Million | $142.60 Million | ▼ -7.9% |
| 2001 | 1.35x | $67.37 Million | $90.71 Million | ▲ +25.4% |
| 2000 | 1.07x | $102.79 Million | $110.38 Million | ▼ -2.7% |
| 1999 | 1.10x | $114.80 Million | $126.70 Million | ▼ -46.0% |
| 1997 | 2.04x | $85.70 Million | $175.20 Million | — |