Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
222.90
+1.00 (0.45%)
Nov 6, 2026, 4:00 PM EST - Market closed
Steel Dynamics Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
| 6,509 | 6,092 | 5,205 | 4,414 | 4,828 | 4,565 | 4,369 | 3,872 | 4,342 | 4,633 | 4,694 | 4,233 | 4,587 | 5,082 | 4,893 | 4,826 | 5,652 | 6,213 | 5,570 | 5,311 | |
Revenue Growth (YoY) | 34.82% | 33.44% | 19.13% | 13.99% | 11.21% | -1.46% | -6.92% | -8.53% | -5.35% | -8.84% | -4.07% | -12.28% | -18.84% | -18.21% | -12.15% | -9.12% | 11.07% | 39.14% | 57.14% | 104.16% |
Cost of Revenue | 5,227 | 5,133 | 4,442 | 3,885 | 4,070 | 3,947 | 3,883 | 3,430 | 3,736 | 3,858 | 3,713 | 3,503 | 3,635 | 3,775 | 3,837 | 3,839 | 4,187 | 4,330 | 3,787 | 3,549 |
Gross Profit | 1,282 | 958.97 | 763.22 | 529.29 | 757.88 | 618.47 | 486.54 | 441.73 | 605.22 | 774.84 | 980.8 | 730.88 | 952.02 | 1,307 | 1,056 | 987.55 | 1,464 | 1,883 | 1,783 | 1,762 |
Selling, General & Admin | 268.22 | 250.77 | 217.42 | 211.84 | 243.23 | 228.72 | 204.5 | 196.66 | 202.14 | 208.07 | 222.16 | 204.26 | 210.31 | 232.2 | 213.88 | 221.82 | 237.75 | 258.12 | 280.48 | 325.53 |
Amortization of Goodwill & Intangibles | 7.7 | 7.73 | 7.8 | 7.22 | 6.89 | 6.9 | 6.9 | 7.57 | 7.64 | 7.65 | 7.66 | 8.09 | 8.16 | 10.92 | 6.88 | 6.68 | 6.84 | 7.16 | 7.16 | 7.18 |
Operating Expenses | 275.92 | 258.5 | 225.22 | 219.06 | 250.12 | 235.61 | 211.4 | 204.23 | 209.78 | 215.71 | 229.82 | 212.35 | 218.47 | 243.12 | 220.76 | 228.5 | 244.59 | 265.28 | 287.65 | 332.71 |
Operating Income | 1,006 | 700.48 | 538 | 310.23 | 507.76 | 382.86 | 275.14 | 237.5 | 395.44 | 559.12 | 750.98 | 518.54 | 733.55 | 1,064 | 835.36 | 759.05 | 1,220 | 1,618 | 1,495 | 1,429 |
Interest Expense | -39.33 | -39.12 | -33.24 | -26.96 | -13.57 | -17.38 | -12.13 | -14.58 | -17.07 | -12.72 | -11.98 | -14.8 | -18.42 | -20.77 | -22.51 | -23.86 | -25.35 | -25.67 | -16.67 | -12.34 |
Interest & Investment Income | - | - | - | 9.8 | - | - | - | 18.1 | 25.1 | 20.6 | 26.3 | 31.6 | 28.8 | 25.5 | - | 29.3 | - | - | - | - |
Currency Exchange Gain (Loss) | - | - | - | - | - | - | - | - | - | -10 | - | 3 | - | 4 | - | - | - | - | - | - |
Other Non Operating Income (Expenses) | 11.55 | 22.11 | 8.45 | 11.03 | 19.66 | 22.39 | 17.64 | 2.94 | 4.56 | 8.11 | 0.48 | 3.9 | 10.66 | 1.85 | 34.94 | -6.04 | 13.98 | 4.02 | -20.47 | -7.94 |
EBT Excluding Unusual Items | 978.58 | 683.46 | 513.21 | 304.11 | 513.85 | 387.87 | 280.65 | 243.96 | 408.03 | 565.11 | 765.78 | 542.24 | 754.6 | 1,074 | 847.79 | 758.45 | 1,208 | 1,596 | 1,458 | 1,409 |
Gain (Loss) on Sale of Investments | - | - | - | 6.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Pretax Income | 978.58 | 683.46 | 513.21 | 310.61 | 513.85 | 387.87 | 280.65 | 243.96 | 408.03 | 565.11 | 765.78 | 542.24 | 754.6 | 1,074 | 847.79 | 758.45 | 1,208 | 1,596 | 1,458 | 1,409 |
Income Tax Expense | 222.9 | 152.68 | 113.11 | 46.09 | 109.92 | 86.68 | 62.98 | 34.09 | 87.13 | 133.42 | 178.28 | 115.2 | 174.82 | 258.14 | 203.46 | 119.44 | 290 | 381.77 | 350.38 | 313.15 |
Earnings From Continuing Operations | 755.69 | 530.79 | 400.11 | 264.52 | 403.93 | 301.19 | 217.68 | 209.87 | 320.89 | 431.69 | 587.5 | 427.04 | 579.78 | 816.18 | 644.33 | 639.01 | 918.48 | 1,215 | 1,107 | 1,096 |
Minority Interest in Earnings | 0.31 | 3.3 | 3.33 | 1.52 | -0.24 | -2.47 | -0.53 | -2.58 | -3.09 | -3.69 | -3.46 | -2.77 | -2.59 | -4.07 | -7.02 | -4.15 | -4.15 | -5.1 | -3.42 | -5.19 |
Net Income | 756 | 534.09 | 403.44 | 266.03 | 403.69 | 298.73 | 217.15 | 207.29 | 317.8 | 428 | 584.04 | 424.27 | 577.2 | 812.11 | 637.31 | 634.86 | 914.33 | 1,210 | 1,104 | 1,091 |
Net Income to Common | 756 | 534.09 | 403.44 | 266.03 | 403.69 | 298.73 | 217.15 | 207.29 | 317.8 | 428 | 584.04 | 424.27 | 577.2 | 812.11 | 637.31 | 634.86 | 914.33 | 1,210 | 1,104 | 1,091 |
Net Income Growth (YoY) | 87.28% | 78.79% | 85.79% | 28.34% | 27.02% | -30.20% | -62.82% | -51.14% | -44.94% | -47.30% | -8.36% | -33.17% | -36.87% | -32.86% | -42.27% | -41.78% | -7.71% | 72.23% | 156.43% | 480.54% |
Shares Outstanding (Basic) | 143 | 144 | 145 | 146 | 147 | 148 | 150 | 152 | 154 | 157 | 159 | 161 | 165 | 168 | 172 | 175 | 180 | 186 | 192 | 197 |
Shares Outstanding (Diluted) | 144 | 145 | 145 | 146 | 148 | 149 | 151 | 153 | 155 | 158 | 159 | 162 | 166 | 169 | 172 | 176 | 182 | 188 | 193 | 199 |
Shares Change (YoY) | -2.69% | -2.93% | -3.64% | -4.29% | -4.66% | -5.47% | -5.36% | -5.84% | -6.80% | -6.68% | -7.61% | -7.74% | -8.54% | -10.05% | -10.74% | -11.52% | -11.05% | -11.13% | -8.96% | -6.25% |
EPS (Basic) | 5.29 | 3.71 | 2.79 | 1.83 | 2.75 | 2.01 | 1.45 | 1.36 | 2.06 | 2.73 | 3.68 | 2.63 | 3.49 | 4.83 | 3.71 | 3.63 | 5.07 | 6.49 | 5.74 | 5.53 |
EPS (Diluted) | 5.26 | 3.69 | 2.78 | 1.82 | 2.74 | 2.01 | 1.44 | 1.35 | 2.05 | 2.72 | 3.67 | 2.62 | 3.47 | 4.81 | 3.70 | 3.61 | 5.03 | 6.44 | 5.71 | 5.49 |
EPS Growth (YoY) | 91.97% | 83.58% | 93.06% | 34.70% | 33.66% | -26.10% | -60.76% | -48.48% | -40.92% | -43.45% | -0.81% | -27.48% | -31.01% | -25.31% | -35.20% | -34.25% | 3.71% | 93.98% | 181.28% | 523.53% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 696.19 | 304.09 | 10.34 | 84.22 | 556.92 | 13.28 | -152.9 | -106.3 | 138.5 | -36.61 | -19.09 | 349.69 | 555.34 | 449.53 | 507.46 | 799.23 | 1,255 | 837.71 | 659.64 | 519.36 |
Free Cash Flow Per Share | 4.85 | 2.10 | 0.07 | 0.58 | 3.77 | 0.09 | -1.01 | -0.70 | 0.90 | -0.23 | -0.12 | 2.15 | 3.34 | 2.66 | 2.94 | 4.54 | 6.91 | 4.46 | 3.41 | 2.61 |
Dividend Per Share | 0.530 | 0.530 | 0.530 | 0.500 | 0.500 | 0.500 | 0.500 | 0.460 | 0.460 | 0.460 | 0.460 | 0.425 | 0.425 | 0.425 | 0.425 | 0.340 | 0.340 | 0.340 | 0.340 | 0.260 |
Dividend Growth (YoY) | 6.00% | 6.00% | 6.00% | 8.70% | 8.70% | 8.70% | 8.70% | 8.24% | 8.24% | 8.24% | 8.24% | 25.00% | 25.00% | 25.00% | 25.00% | 30.77% | 30.77% | 30.77% | 30.77% | 4.00% |
Gross Margin | 19.70% | 15.74% | 14.66% | 11.99% | 15.70% | 13.55% | 11.14% | 11.41% | 13.94% | 16.73% | 20.89% | 17.27% | 20.75% | 25.72% | 21.58% | 20.46% | 25.91% | 30.31% | 32.00% | 33.17% |
Operating Margin | 15.46% | 11.50% | 10.34% | 7.03% | 10.52% | 8.39% | 6.30% | 6.13% | 9.11% | 12.07% | 16.00% | 12.25% | 15.99% | 20.93% | 17.07% | 15.73% | 21.58% | 26.04% | 26.84% | 26.91% |
Profit Margin | 11.61% | 8.77% | 7.75% | 6.03% | 8.36% | 6.54% | 4.97% | 5.35% | 7.32% | 9.24% | 12.44% | 10.02% | 12.58% | 15.98% | 13.02% | 13.15% | 16.18% | 19.47% | 19.82% | 20.53% |
Free Cash Flow Margin | 10.70% | 4.99% | 0.20% | 1.91% | 11.54% | 0.29% | -3.50% | -2.74% | 3.19% | -0.79% | -0.41% | 8.26% | 12.11% | 8.85% | 10.37% | 16.56% | 22.20% | 13.48% | 11.84% | 9.78% |
EBITDA | 1,181 | 874.4 | 697.28 | 456.51 | 646.24 | 515.72 | 408.9 | 363.05 | 516.49 | 676.18 | 866.23 | 630.26 | 840.97 | 1,175 | 943.05 | 861.29 | 1,319 | 1,714 | 1,582 | 1,515 |
EBITDA Margin | 18.15% | 14.35% | 13.40% | 10.34% | 13.38% | 11.30% | 9.36% | 9.38% | 11.90% | 14.60% | 18.45% | 14.89% | 18.33% | 23.12% | 19.27% | 17.85% | 23.33% | 27.58% | 28.41% | 28.54% |
D&A For EBITDA | 174.85 | 173.92 | 159.28 | 146.28 | 138.49 | 132.87 | 133.76 | 125.55 | 121.05 | 117.05 | 115.25 | 111.72 | 107.42 | 110.97 | 107.69 | 102.24 | 98.71 | 95.7 | 87.55 | 86.28 |
EBIT | 1,006 | 700.48 | 538 | 310.23 | 507.76 | 382.86 | 275.14 | 237.5 | 395.44 | 559.12 | 750.98 | 518.54 | 733.55 | 1,064 | 835.36 | 759.05 | 1,220 | 1,618 | 1,495 | 1,429 |
EBIT Margin | 15.46% | 11.50% | 10.34% | 7.03% | 10.52% | 8.39% | 6.30% | 6.13% | 9.11% | 12.07% | 16.00% | 12.25% | 15.99% | 20.93% | 17.07% | 15.73% | 21.58% | 26.04% | 26.84% | 26.91% |
Effective Tax Rate | 22.78% | 22.34% | 22.04% | 14.84% | 21.39% | 22.35% | 22.44% | 13.97% | 21.35% | 23.61% | 23.28% | 21.25% | 23.17% | 24.03% | 24.00% | 15.75% | 24.00% | 23.91% | 24.04% | 22.23% |
Revenue as Reported | 6,509 | 6,092 | 5,205 | 4,414 | 4,828 | 4,565 | 4,369 | 3,872 | 4,342 | 4,633 | 4,694 | 4,233 | 4,587 | 5,082 | 4,893 | 4,826 | 5,652 | 6,213 | 5,570 | 5,311 |