Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
246.83
+6.93 (2.89%)
Oct 23, 2026, 12:08 PM EDT - Market open
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 | Sep '26 Sep 30, 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 |
| 22,220 | 18,177 | 17,540 | 18,795 | 22,261 | 18,409 | |
Revenue Growth | 26.00% | 3.63% | -6.68% | -15.57% | 20.92% | 91.73% |
Cost of Revenue | 18,686 | 15,784 | 14,738 | 14,749 | 16,143 | 13,046 |
Gross Profit | 3,534 | 2,392 | 2,803 | 4,046 | 6,118 | 5,362 |
Selling, General & Admin | 948.25 | 888.29 | 829.02 | 860.65 | 998.17 | 1,032 |
Amortization of Goodwill & Intangibles | 30.45 | 27.9 | 30.53 | 34.05 | 27.84 | 29.23 |
Operating Expenses | 978.7 | 916.2 | 859.55 | 894.7 | 1,026 | 1,061 |
Operating Income | 2,555 | 1,476 | 1,943 | 3,151 | 5,092 | 4,301 |
Interest Expense | -138.65 | -70.04 | -56.35 | -76.48 | -91.54 | -57.21 |
Interest & Investment Income | 36.8 | 36.8 | 90.1 | 111.9 | 29.3 | - |
Other Non Operating Income (Expenses) | 26.14 | 43.73 | 6.09 | 32.35 | -8.52 | -34.83 |
EBT Excluding Unusual Items | 2,479 | 1,486 | 1,983 | 3,219 | 5,021 | 4,209 |
Gain (Loss) on Sale of Investments | 6.5 | 6.5 | - | - | - | - |
Pretax Income | 2,486 | 1,493 | 1,983 | 3,219 | 5,021 | 4,209 |
Income Tax Expense | 534.77 | 305.66 | 432.93 | 751.61 | 1,142 | 962.26 |
Earnings From Continuing Operations | 1,951 | 1,187 | 1,550 | 2,467 | 3,879 | 3,247 |
Minority Interest in Earnings | 8.46 | -1.72 | -12.82 | -16.45 | -16.82 | -32.75 |
Net Income | 1,960 | 1,186 | 1,537 | 2,451 | 3,863 | 3,214 |
Net Income to Common | 1,960 | 1,186 | 1,537 | 2,451 | 3,863 | 3,214 |
Net Income Growth | 73.90% | -22.87% | -37.28% | -36.55% | 20.18% | 483.50% |
Shares Outstanding (Basic) | 144 | 148 | 155 | 167 | 183 | 205 |
Shares Outstanding (Diluted) | 145 | 148 | 156 | 167 | 185 | 207 |
Shares Change | -3.40% | -4.95% | -6.75% | -9.31% | -10.64% | -2.70% |
EPS (Basic) | 13.57 | 8.02 | 9.89 | 14.72 | 21.06 | 15.67 |
EPS (Diluted) | 13.52 | 7.99 | 9.84 | 14.64 | 20.92 | 15.56 |
EPS Growth | 80.10% | -18.80% | -32.79% | -30.02% | 34.45% | 500.77% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 1,095 | 501.51 | -23.5 | 1,862 | 3,552 | 1,198 |
Free Cash Flow Per Share | 7.55 | 3.38 | -0.15 | 11.12 | 19.24 | 5.80 |
Dividend Per Share | 2.090 | 2.000 | 1.840 | 1.700 | 1.360 | 1.040 |
Dividend Growth | 6.63% | 8.70% | 8.24% | 25.00% | 30.77% | 4.00% |
Gross Margin | 15.90% | 13.16% | 15.98% | 21.53% | 27.48% | 29.13% |
Operating Margin | 11.50% | 8.12% | 11.08% | 16.77% | 22.87% | 23.36% |
Profit Margin | 8.82% | 6.52% | 8.76% | 13.04% | 17.35% | 17.46% |
Free Cash Flow Margin | 4.93% | 2.76% | -0.13% | 9.91% | 15.95% | 6.51% |
EBITDA | 3,209 | 2,027 | 2,422 | 3,589 | 5,476 | 4,649 |
EBITDA Margin | 14.44% | 11.15% | 13.81% | 19.10% | 24.60% | 25.25% |
D&A For EBITDA | 654.33 | 551.39 | 478.91 | 437.8 | 384.2 | 347.65 |
EBIT | 2,555 | 1,476 | 1,943 | 3,151 | 5,092 | 4,301 |
EBIT Margin | 11.50% | 8.12% | 11.08% | 16.77% | 22.87% | 23.36% |
Effective Tax Rate | 21.51% | 20.47% | 21.83% | 23.35% | 22.74% | 22.86% |
Revenue as Reported | 18,177 | 18,177 | 17,540 | 18,795 | 22,261 | 18,409 |