Steel Dynamics, Inc. (STLD)

Steel Dynamics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	17,635	17,540	18,795	22,261	18,409	9,601
Revenue Growth (YoY)	-1.49%	-6.68%	-15.57%	20.92%	91.73%	-8.25%
Cost of Revenue	15,330	14,738	14,749	16,143	13,046	8,167
Gross Profit	2,305	2,803	4,046	6,118	5,362	1,435
Selling, General & Admin	873.11	829.02	860.65	998.17	1,032	539.18
Amortization of Goodwill & Intangibles	28.26	30.53	34.05	27.84	29.23	29
Operating Expenses	901.37	859.55	894.7	1,026	1,061	568.18
Operating Income	1,403	1,943	3,151	5,092	4,301	866.55
Interest Expense	-57.66	-56.35	-76.48	-91.54	-57.21	-127.98
Interest & Investment Income	45.1	90.1	111.9	29.3	-	-
Currency Exchange Gain (Loss)	-18.7	-18.7	10.5	-	-	-
Other Non Operating Income (Expenses)	54.34	24.79	21.85	-8.52	-34.83	-13.69
EBT Excluding Unusual Items	1,426	1,983	3,219	5,021	4,209	724.89
Asset Writedown	-	-	-	-	-	-19.41
Pretax Income	1,426	1,983	3,219	5,021	4,209	705.48
Income Tax Expense	293.66	432.93	751.61	1,142	962.26	134.65
Earnings From Continuing Operations	1,133	1,550	2,467	3,879	3,247	570.83
Minority Interest in Earnings	-5.81	-12.82	-16.45	-16.82	-32.75	-20.01
Net Income	1,127	1,537	2,451	3,863	3,214	550.82
Net Income to Common	1,127	1,537	2,451	3,863	3,214	550.82
Net Income Growth	-35.76%	-37.28%	-36.55%	20.18%	483.50%	-17.92%
Shares Outstanding (Basic)	149	155	167	183	205	211
Shares Outstanding (Diluted)	150	156	167	185	207	212
Shares Change (YoY)	-5.34%	-6.75%	-9.31%	-10.64%	-2.70%	-3.81%
EPS (Basic)	7.54	9.89	14.72	21.06	15.67	2.61
EPS (Diluted)	7.51	9.84	14.64	20.92	15.56	2.59
EPS Growth	-32.22%	-32.79%	-30.02%	34.45%	500.77%	-14.80%
Free Cash Flow	310.99	-23.5	1,862	3,552	1,198	-211.02
Free Cash Flow Per Share	2.07	-0.15	11.12	19.24	5.80	-0.99
Dividend Per Share	1.960	1.840	1.700	1.360	1.040	1.000
Dividend Growth	8.59%	8.24%	25.00%	30.77%	4.00%	4.17%
Gross Margin	13.07%	15.98%	21.53%	27.48%	29.13%	14.94%
Operating Margin	7.96%	11.08%	16.77%	22.87%	23.36%	9.03%
Profit Margin	6.39%	8.76%	13.04%	17.35%	17.46%	5.74%
Free Cash Flow Margin	1.76%	-0.13%	9.91%	15.95%	6.51%	-2.20%
EBITDA	1,934	2,422	3,589	5,476	4,649	1,192
EBITDA Margin	10.97%	13.81%	19.10%	24.60%	25.25%	12.42%
D&A For EBITDA	530.66	478.91	437.8	384.2	347.65	325.79
EBIT	1,403	1,943	3,151	5,092	4,301	866.55
EBIT Margin	7.96%	11.08%	16.77%	22.87%	23.36%	9.03%
Effective Tax Rate	20.59%	21.83%	23.35%	22.74%	22.86%	19.09%
Revenue as Reported	17,635	17,540	18,795	22,261	18,409	9,601

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q