Steel Dynamics (STLD) Stock Buybacks: 41.1% of Shares Retired Since 2015

Name: Steel Dynamics (STLD) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 192,074,7322026-07-23, 143,328,088

A share bought in 1999

1.3× more of Steel Dynamics today, without buying another share. It was one of 192,074,732 shares then. It is one of 143,328,088 now.

Every filing we read27 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-03-24	192,074,732	10-K405	cover page
2000	2001-03-23	182,050,952	10-K405	cover page
2001	2002-03-21	187,442,276	10-K405	cover page
2002	2003-03-21	190,524,388	10-K	cover page
2003	2004-02-20	196,030,420	10-K	cover page
2004	2005-02-04	190,511,244	10-K	cover page
2005	2006-03-06	174,576,248	10-K	cover page
2006	2007-02-16	193,879,742	10-K	cover page
2007	2008-02-14	188,563,492	10-K	cover page
2008	2008-12-31	181,820,012	10-K
2009	2010-02-11	216,333,971	10-K
2010	2011-02-15	217,929,783	10-K
2011	2012-02-17	219,035,240	10-K
2012	2013-02-15	220,114,512	10-K
2013	2014-02-14	223,004,874	10-K
2014	2015-02-17	241,529,877	10-K
2015	2016-02-17	243,186,659	10-K
2016	2017-02-17	242,349,757	10-K
2017	2018-02-20	236,071,369	10-K
2018	2019-02-21	224,105,246	10-K
2019	2020-02-20	213,554,449	10-K
2020	2021-02-19	211,005,100	10-K
2021	2022-02-18	191,299,162	10-K
2022	2023-02-21	171,577,705	10-K
2023	2024-02-26	158,154,594	10-K
2024	2025-02-24	150,163,986	10-K
2025	2026-02-25	144,882,401	10-K

Source: all 10-K filings of Steel Dynamics on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2016 to 2025cash flow statement against share count

$7.7Bspent on buybacks

98Mfewer shares outstanding

$72average price paid per share bought back

2.6%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $240.54.

Steel Dynamics buybacks, answered

Is Steel Dynamics buying back its stock?

Yes. Steel Dynamics has 1.9% fewer shares outstanding than twelve months ago, 143,328,088 as of July 23, 2026. Over five years the share count is down 27.8%.

How many shares has Steel Dynamics bought back?

Net of every new share it issued, Steel Dynamics has 99.9 million fewer shares than at its 2015 peak. That is 41.1% of the company. Since fiscal 2016 alone it bought back about 106.3 million shares, while the count fell by 99.0 million. The difference went to employees and other new shares.

How many shares does Steel Dynamics have outstanding?

143,328,088 shares, as of July 23, 2026, from the cover page of its latest 10-Q. At the 2015 peak it had 243,186,659.

What do Steel Dynamics' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Steel Dynamics stock in 2015 owns 1.7 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Steel Dynamics compare with other cannibal stocks?

Steel Dynamics ranks No. 162 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Rockwell Automation (41.6%), TE Connectivity (41.4%), Polaris (41.0%), Ryder System (40.9%).

Every answer is computed from Steel Dynamics' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Steel Dynamics