Steel Dynamics Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,012	18,177	17,540	18,795	22,261	18,409
Revenue Growth (YoY)	10.44%	3.63%	-6.68%	-15.57%	20.92%	91.73%
Cost of Revenue	16,343	15,784	14,738	14,749	16,143	13,046
Gross Profit	2,669	2,392	2,803	4,046	6,118	5,362
Selling, General & Admin	901.21	888.29	829.02	860.65	998.17	1,032
Depreciation & Amortization Expenses	28.81	27.9	30.53	34.05	27.84	29.23
Total Operating Expenses	930.02	916.2	859.55	894.7	1,026	1,061
Operating Income	1,739	1,476	1,943	3,151	5,092	4,301
Interest Expense	-91.15	-70.04	-56.35	-76.48	-91.54	-57.21
Other Non-Operating Income (Expense)	77.84	87.03	96.19	144.25	20.79	-34.83
Total Non-Operating Income (Expense)	-13.32	16.99	39.84	67.76	-70.75	-92.04
Pretax Income	1,726	1,493	1,983	3,219	5,021	4,209
Provision for Income Taxes	355.79	305.66	432.93	751.61	1,142	962.26
Net Income	1,372	1,186	1,537	2,451	3,863	3,214
Minority Interest in Earnings	-2.14	1.72	12.82	16.45	16.82	32.75
Net Income to Common	1,372	1,186	1,537	2,451	3,863	3,214
Net Income Growth	17.23%	-22.87%	-37.28%	-36.55%	20.18%	483.50%
Shares Outstanding (Basic)	146	148	155	167	183	205
Shares Outstanding (Diluted)	147	148	156	167	185	207
Shares Change (YoY)	-4.52%	-4.95%	-6.75%	-9.31%	-10.64%	-2.70%
EPS (Basic)	9.38	8.02	9.89	14.72	21.06	15.67
EPS (Diluted)	9.35	7.99	9.84	14.64	20.92	15.56
EPS Growth	23.51%	-18.80%	-32.79%	-30.02%	34.45%	500.77%
Shares Outstanding	144.88	144.94	151.12	160.02	172.94	195
Free Cash Flow	664.75	501.51	-23.5	1,862	3,552	1,198
Free Cash Flow Growth	32.55%	-	-	-47.57%	196.48%	-
Free Cash Flow Per Share	4.52	3.38	-0.15	11.12	19.24	5.80
Dividends Per Share	2.030	2.000	1.840	1.700	1.360	1.040
Dividend Growth	1.50%	8.70%	8.24%	25.00%	30.77%	4.00%
Gross Margin	14.04%	13.16%	15.98%	21.53%	27.48%	29.13%
Operating Margin	9.15%	8.12%	11.08%	16.77%	22.87%	23.36%
Profit Margin	7.20%	6.53%	8.84%	13.13%	17.43%	17.64%
FCF Margin	3.50%	2.76%	-0.13%	9.91%	15.95%	6.51%
EBITDA	2,316	2,027	2,422	3,589	5,476	4,649
EBITDA Margin	12.18%	11.15%	13.81%	19.10%	24.60%	25.25%
EBIT	1,739	1,476	1,943	3,151	5,092	4,301
EBIT Margin	9.15%	8.12%	11.08%	16.77%	22.87%	23.36%
Effective Tax Rate	20.62%	20.47%	21.83%	23.35%	22.74%	22.86%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q