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Steel Dynamics (STLD)

Nasdaq Materials Steel S&P 500
$222.90
+1.00 (+0.45%)
Close of Nov 06, 2026 · end-of-day data
Source: Steel Dynamics's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$7.61B$9.36B$11.80B$10.45B$9.59B$18.41B$22.26B$18.80B$17.54B$18.18B
Cost of revenue$6.44B$7.96B$9.50B$8.93B$8.17B$13.05B$16.14B$14.75B$14.74B$15.78B
Gross profit$1.33B$1.58B$2.32B$1.53B$1.43B$5.36B$6.12B$4.05B$2.80B$2.39B
Selling, general & admin$474.06M$515.13M$600.40M——$643.98M$545.62M$588.62M$664.12M$765.31M
Operating income$727.97M$1.07B$1.72B$986.88M$847.14M$4.30B$5.09B$3.15B$1.94B$1.48B
Interest expense$146.04M$134.40M$126.62M$127.10M$94.88M$57.21M$91.54M$76.48M$56.35M$70.04M
Pre-tax income$564.13M$935.24M$1.62B$875.34M$705.48M$4.21B$5.02B$3.22B$1.98B$1.49B
Income tax$204.13M$129.44M$363.97M$197.44M$134.65M$962.26M$1.14B$751.61M$432.93M$305.66M
Net income$382.12M$812.74M$1.26B$671.10M$550.82M$3.21B$3.86B$2.45B$1.54B$1.19B
EBITDA$1.02B$1.37B$2.04B$1.31B$1.17B$4.65B$5.48B$3.59B$2.42B$2.03B
EPS (basic)$1.57$3.38$5.38$3.06$2.61$15.67$21.06$14.72$9.89$8.02
EPS (diluted)$1.56$3.36$5.35$3.04$2.59$15.56$20.92$14.64$9.84$7.99
Diluted shares245.30M241.78M235.19M220.75M212.34M206.62M184.62M167.43M156.14M148.40M
Gross margin17.5%16.9%19.7%14.6%15.0%29.1%27.5%21.5%16.0%13.2%
Operating margin9.6%11.4%14.6%9.4%8.8%23.4%22.9%16.8%11.1%8.1%
Net margin5.0%8.7%10.7%6.4%5.7%17.5%17.4%13.0%8.8%6.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$841.48M$1.03B$828.22M$1.38B$1.37B$1.24B$1.63B$1.40B$589.46M$769.88M
Short-term investments——$228.78M$262.17M$0—$628.22M$721.21M$147.81M$0
Receivables$703.57M$846.41M$1.04B$841.38M$967.98M$1.91B$1.98B$1.61B$1.42B$1.68B
Inventory$1.28B$1.52B$1.86B$1.69B$1.84B$3.53B$3.13B$2.89B$3.11B$3.74B
Total current assets$2.93B$3.51B$4.03B$4.25B$4.26B$6.90B$7.64B$6.79B$5.43B$6.48B
Goodwill$393.35M$386.89M$429.64M$452.92M$457.23M$453.83M$502.07M$477.47M$477.47M$477.47M
Total assets$6.42B$6.86B$7.70B$8.28B$9.27B$12.53B$14.16B$14.91B$14.94B$16.42B
Total current liabilities$712.82M$868.52M$1.02B$1.01B$1.26B$2.23B$2.03B$2.33B$2.15B$2.12B
Short-term debt$3.63M$28.80M$24.23M$89.36M$86.89M$97.17M$57.33M$459.99M$426.99M$34.66M
Long-term debt$2.35B$2.35B$2.35B$2.64B$3.02B$3.01B$3.01B$2.61B$2.80B$4.18B
Total debt$2.36B$2.38B$2.38B$2.73B$3.10B$3.11B$3.07B$3.07B$3.23B$4.21B
Total liabilities$3.54B$3.55B$3.82B$4.21B$4.92B$6.21B$6.06B$6.07B$5.99B$7.49B
Shareholders' equity$2.93B$3.35B$3.94B$4.08B$4.35B$6.30B$8.13B$8.87B$8.93B$8.96B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$852.76M$739.42M$1.42B$1.40B$987.03M$2.20B$4.46B$3.52B$1.84B$1.45B
Capital expenditures$198.16M$164.94M$239.39M$451.94M$1.20B$1.01B$908.90M$1.66B$1.87B$948.02M
Free cash flow$654.60M$574.49M$1.18B$944.35M-$211.02M$1.20B$3.55B$1.86B-$23.50M$501.51M
Investing cash flow-$312.89M-$139.10M-$895.26M-$576.69M-$993.26M-$999.42M-$1.88B-$1.97B-$1.30B-$974.96M
Financing cash flow-$425.43M-$413.33M-$720.87M-$266.63M-$7.05M-$1.33B-$2.20B-$1.78B-$1.35B-$294.31M
Dividends paid$135.77M$145.56M$168.91M$200.27M$209.25M$212.97M$237.16M$271.32M$282.62M$291.18M
Share buybacks$25.03M$252.24M$523.57M$348.61M$106.53M$1.06B$1.80B$1.45B$1.21B$900.87M
Stock-based compensation$31.66M$36.20M$43.32M$47.63M$55.60M$57.72M$59.24M$61.74M$66.59M$68.98M
Depreciation & amortization$296.11M$299.00M$317.20M$321.08M$325.79M$347.65M$384.20M$437.80M$478.91M$551.39M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.