Steel Dynamics Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	769.88	589.46	1,401	1,628	1,244
Short-Term Investments	-	147.81	721.21	628.22	-
Cash & Short-Term Investments	769.88	737.28	2,122	2,257	1,244
Cash Growth	4.42%	-65.26%	-5.96%	81.42%	-9.12%
Receivables	1,683	1,417	1,608	2,056	1,916
Inventory	3,739	3,114	2,895	3,130	3,531
Other Current Assets	293.12	163.13	162.79	195.37	209.59
Total Current Assets	6,484	5,431	6,788	7,638	6,901
Property, Plant & Equipment	8,569	8,231	6,862	5,484	4,852
Goodwill	477.47	477.47	477.47	502.07	453.84
Other Intangible Assets	331.29	227.23	257.76	267.51	295.35
Other Long-Term Assets	550.46	567.7	523.65	268.09	29.48
Total Assets	16,413	14,935	14,908	14,160	12,531
Accounts Payable	1,231	979.91	1,088	1,017	1,281
Accrued Expenses	788.93	719.98	757.45	932.35	818.07
Current Portion of Long-Term Debt	34.66	426.99	459.99	57.33	97.17
Current Portion of Leases	-	19.92	21	18.85	17.82
Current Income Taxes Payable	67.32	3.78	5.52	6.52	13.75
Total Current Liabilities	2,122	2,151	2,332	2,032	2,227
Long-Term Debt	4,177	2,804	2,611	3,013	3,009
Long-Term Leases	-	94.42	107.15	91.79	82.25
Long-Term Deferred Tax Liabilities	997.45	902.19	944.77	889.1	854.91
Other Long-Term Liabilities	186.23	38.78	73.61	37.75	37.84
Total Liabilities	7,482	5,990	6,069	6,064	6,211
Common Stock	0.65	0.65	0.65	0.65	0.65
Additional Paid-In Capital	1,249	1,230	1,218	1,213	1,219
Retained Earnings	15,689	14,798	13,546	11,376	7,761
Treasury Stock	-7,981	-7,094	-5,898	-4,460	-2,674
Comprehensive Income & Other	-0.6	-	0.42	0.89	-2.09
Total Common Equity	8,957	8,934	8,867	8,130	6,305
Minority Interest	-26.77	10.96	-27.14	-34.55	15.53
Shareholders' Equity	8,930	8,945	8,840	8,096	6,320
Total Liabilities & Equity	16,413	14,935	14,908	14,160	12,531
Total Debt	4,211	3,345	3,199	3,181	3,206
Net Cash (Debt)	-3,441	-2,608	-1,077	-924.59	-1,962
Net Cash Per Share	-23.19	-16.70	-6.43	-5.01	-9.50
Filing Date Shares Outstanding	145.63	150.16	158.15	171.58	191.3
Total Common Shares Outstanding	145.63	151.12	160.02	172.94	195
Working Capital	4,362	3,281	4,456	5,606	4,674
Book Value Per Share	61.51	59.12	55.41	47.01	32.33
Tangible Book Value	8,148	8,230	8,131	7,361	5,555
Tangible Book Value Per Share	55.95	54.46	50.82	42.56	28.49
Land	-	801.21	693.17	521.88	350.9
Buildings	-	1,488	1,255	1,239	873.13
Machinery	-	7,667	6,888	6,683	5,193
Construction In Progress	-	2,767	2,096	780.74	1,839

Updated Jan 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q