Steel Dynamics Q4 profit rises from a year earlier; 2025 EPS falls to $7.99
Steel Dynamics reported fourth-quarter 2025 net income of $266 million, or $1.82 per diluted share, up from $1.36 a year earlier but down from $2.74 in the third quarter. For full-year 2025, net income fell to $1.2 billion, or $7.99 per diluted share, from $9.84 in 2024, as lower realized steel pricing reduced operating income. The company also repurchased $901 million of its stock in 2025, which reduces the share count for remaining shareholders.
Key points
- Q4 2025 net income $266 million, $1.82 per diluted share, versus $207 million, $1.36 per share in Q4 2024
- Q4 2025 net income was lower than the $404 million, or $2.74 per diluted share, reported for Q3 2025
- Full-year 2025 net sales rose 3.6% to $18.2 billion, while operating income declined 24% to $1.5 billion
- Share repurchases of $901 million in 2025, representing over four percent of outstanding shares
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.