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Steel Dynamics, Inc. (STLD)
NASDAQ: STLD · Real-Time Price · USD
259.74
+9.47 (3.78%)
At close: Jul 28, 2026, 4:00 PM EDT
263.00
+3.26 (1.26%)
After-hours: Jul 28, 2026, 7:19 PM EDT

Steel Dynamics Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
6,0925,2054,4144,8284,5654,3693,8724,3424,6334,6944,2334,5875,0824,8934,8265,6526,2135,5705,3115,088
Revenue Growth
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%118.30%
Gross Profit
958.97763.22529.29757.88618.47486.54441.73605.22774.84980.8730.88952.021,3071,056987.551,4641,8831,7831,7621,601
Operating Income
700.48538310.23507.76382.86275.14237.5395.44559.12750.98518.54733.551,064835.36759.051,2201,6181,4951,4291,322
Net Income
534.09403.44266.03403.69298.73217.15207.29317.8428584.04424.27577.2812.11637.31634.86914.331,2101,1041,091990.76
Earnings Per Share
3.692.781.822.742.011.441.362.052.723.672.613.474.813.703.615.036.445.715.494.85
EPS Growth
83.58%93.06%33.82%33.66%-26.10%-60.76%-47.89%-40.92%-43.45%-0.81%-27.70%-31.01%-25.31%-35.20%-34.24%3.71%93.98%181.28%516.85%931.92%

Revenue by Segment
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
US Steel Operations
3,4053,0523,3813,1542,9052,4942,7452,9383,1342,7282,9043,1242,8472,7863,5123,9303,5733,6283,504
US Metals Recycling Operations
407.08321.84361.11375.53371.88328.8327.81324.67329.84315.06334.92368.56382.8293.02328.19476.09448.04415.01430.09
US Aluminum Operations
227.31157.271.1465.6366.5860.166.8468.0361.08----------
US Steel Fabrication Operations
355.43347.23376.87340.61351.86396.22446.66472.79446.1520.14630.05779.37868.71,0901,1401,086929.84679.96493.45
US Other
485.71302.1316.94356.22347.07285.45402.29439.46307.86305.63247.12259.93352.27317.37314.1330.57297.12291.14337.01
Non-US Steel Operations
133.8988.88157.05121.07162.48151.53171.53194.25232.63187.15282.98326.04241.24150.64208.62212.38189.29158.58163.75
Non-US Metals Recycling Operations
186.11451.42159.88-163.02-170.8------------
Non-US Aluminum Operations
0.08-----0.14------------
Non-US Steel Fabrication Operations
00.020.810.040.4500.60.041.080.430.140.040.07--0.040.140.050.35
Non-US Other
4.42.553.424.351.332.299.441.673.263.831.820.370.2118.624.444.790.682.612.66
Revenue (Total)
5,2054,4144,8284,5654,3693,8724,3424,6334,6944,2334,5875,0824,8934,8265,6526,2135,5705,3115,088

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
567.71556.53769.88770.36497.631,207737.281,6611,2481,6932,1222,2662,0872,3202,2572,0041,3581,1901,2441,096
Total Debt
4,1824,2014,2113,7823,7814,1963,2313,6843,0283,0383,0713,0953,0683,0613,0713,0353,0483,0783,1063,074
Net Cash (Debt)
-3,614-3,644-3,441-3,012-3,283-2,990-2,494-2,023-1,780-1,345-948.96-828.76-980.64-741.1-813.94-1,031-1,690-1,889-1,862-1,979
Net Cash Growth
--------------------
Net Cash Per Share
-25.00-25.08-23.53-20.41-22.04-19.82-16.32-13.07-11.30-8.44-5.85-4.99-5.81-4.30-4.63-5.68-9.00-9.78-9.37-9.69

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
427.94148.32272.71722.61301.61152.6346.87759.85382.56355.22864.641,114807.81733.781,1431,4961,002818.97723.9630.82
Capital Expenditures
-123.84-137.98-188.5-165.69-288.33-305.51-453.18-621.36-419.17-374.31-514.95-558.36-358.28-226.32-344.2-241.23-164.14-159.33-204.54-214.63
Free Cash Flow
304.0910.3484.22556.9213.28-152.9-106.3138.5-36.61-19.09349.7555.34449.53507.46799.231,255837.71659.64519.36416.19
Free Cash Flow Growth
2189.86%--302.11%----75.06%---56.25%-55.75%-46.34%-23.07%53.89%201.53%170.21%---

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
15.74%14.66%11.99%15.70%13.55%11.14%11.41%13.94%16.73%20.89%17.26%20.75%25.72%21.58%20.46%25.91%30.31%32.00%33.18%31.46%
Operating Margin
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%25.98%
Pretax Margin
11.22%9.86%7.04%10.64%8.50%6.42%6.30%9.40%12.20%16.31%12.81%16.45%21.14%17.33%15.71%21.38%25.70%26.17%26.53%25.60%
Profit Margin
8.71%7.69%5.99%8.37%6.60%4.98%5.42%7.39%9.32%12.52%10.09%12.64%16.06%13.17%13.24%16.25%19.55%19.88%20.63%19.66%
FCF Margin
4.99%0.20%1.91%11.53%0.29%-3.50%-2.75%3.19%-0.79%-0.41%8.26%12.11%8.85%10.37%16.56%22.20%13.48%11.84%9.78%8.18%

Dividends
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Dividend Per Share
0.5300.5300.5000.5000.5000.5000.4600.4600.4600.4600.4250.4250.4250.4250.3400.3400.3400.3400.2600.260
Dividend Per Share Growth
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%4.00%
Dividend Yield
0.23%0.28%0.30%0.36%0.39%0.37%0.41%0.37%0.36%0.29%0.36%0.40%0.40%0.30%0.35%0.49%0.52%0.32%0.42%0.45%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
20.8019.2521.2118.4718.6616.5211.5911.4110.3810.188.076.886.356.024.673.132.944.313.995.27
Forward PE
12.2713.1714.0212.3111.7113.1713.6214.3812.4713.7210.059.907.647.647.834.833.804.823.623.28
P/FCF Ratio
34.6339.1148.9765.53---44.6123.7317.5210.157.586.025.704.763.834.978.2910.1024.31
PS Ratio
1.611.371.351.161.101.090.981.081.111.261.010.900.890.900.760.550.540.770.660.73