STEEL DYNAMICS INC (STLD) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: October 24, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0.88% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

150M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

STLD currently has 147M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.88% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Oct 24, 2025	10-Q filing \| 146.9M shares outstanding	150M
Aug 11, 2025	10-Q filing \| 148.4M shares outstanding	150M
May 12, 2025	10-Q filing \| 150.3M shares outstanding	150M
Feb 28, 2025	10-K filing \| 155.4M shares outstanding	160M
Nov 08, 2024	10-Q filing \| 154.1M shares outstanding	150M
Aug 08, 2024	10-Q filing \| 156.9M shares outstanding	160M
May 10, 2024	10-Q filing \| 158.7M shares outstanding	160M
Feb 29, 2024	10-K filing \| 166.6M shares outstanding	170M
Nov 09, 2023	10-Q filing \| 165.2M shares outstanding	170M
Aug 08, 2023	10-Q filing \| 168.0M shares outstanding	170M
May 05, 2023	10-Q filing \| 171.6M shares outstanding	170M
Feb 28, 2023	10-K filing \| 183.4M shares outstanding	180M
Oct 26, 2022	10-Q filing \| 180.3M shares outstanding	180M
Aug 02, 2022	10-Q filing \| 186.4M shares outstanding	190M
Apr 29, 2022	10-Q filing \| 192.2M shares outstanding	190M
Feb 28, 2022	10-K filing \| 205.1M shares outstanding	210M
Nov 02, 2021	10-Q filing \| 202.5M shares outstanding	200M
Jul 26, 2021	10-Q filing \| 209.6M shares outstanding	210M
Apr 29, 2021	10-Q filing \| 211.0M shares outstanding	210M
Mar 01, 2021	10-K filing \| 211.1M shares outstanding	210M
Nov 09, 2020	10-Q filing \| 210.4M shares outstanding	210M
Aug 10, 2020	10-Q filing \| 210.3M shares outstanding	210M
May 11, 2020	10-Q filing \| 213.3M shares outstanding	210M
Feb 27, 2020	10-K filing \| 219.6M shares outstanding	220M

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