Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Steel Dynamics Inc. Revenue & Financial Statements
Steel Dynamics Inc. reported revenue of $18.2B for the fiscal year ended December 31, 2025, up 3.6% year over year, with net income of $1.2B and diluted EPS of $7.99.
- Company
- Steel Dynamics Inc. STLD · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 18.4B | 21.5B | 18.8B | 17.5B | 18.2B |
| Cost of revenue | 13.0B | 16.1B | 14.7B | 14.7B | 15.8B |
| Gross profit | 5.4B | 6.1B | 4.0B | 2.8B | 2.4B |
| Operating income | 4.3B | 5.1B | 3.2B | 1.9B | 1.5B |
| Pretax income | 4.2B | 5.0B | 3.2B | 2.0B | 3.5M |
| Net income | 3.2B | 3.9B | 2.5B | 1.5B | 1.2B |
| Diluted EPS | 15.56 | 20.92 | 14.64 | 9.84 | 7.99 |
| EBITDA | 4.6B | 5.4B | 3.5B | 2.4B | 2.0B |
Quarterly
| USD | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.6B | 4.3B | 3.9B | 4.4B | — | 4.6B | 4.8B | 4.4B |
| Cost of revenue | 3.9B | 3.7B | 3.4B | 3.9B | — | 3.9B | 4.1B | 3.9B |
| Gross profit | 774.8M | 605.2M | 441.7M | 486.5M | — | 618.5M | 757.9M | 529.3M |
| Operating income | 559.1M | 395.4M | 237.5M | 275.1M | — | 382.9M | 507.8M | 310.2M |
| Pretax income | 565.1M | 408.0M | 244.0M | 280.7M | — | 387.9M | 513.8M | 310.6M |
| Net income | 428.0M | 317.8M | 207.3M | 217.2M | 301.2M | 298.7M | 403.7M | 264.5M |
| Diluted EPS | 2.72 | 2.05 | 1.38 | 1.44 | — | 2.01 | 2.74 | 1.82 |
| EBITDA | 676.2M | 516.5M | 363.1M | 408.9M | — | 515.7M | 646.2M | 456.5M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 12.5B | 14.2B | 14.9B | 14.9B | 16.4B |
| Current assets | 6.9B | 7.6B | 6.8B | 5.4B | 6.5B |
| Cash & equivalents | 1.2B | 1.6B | 1.4B | 589.5M | 769.9M |
| Total liabilities | 6.2B | 6.1B | 6.1B | 6.0B | 7.5B |
| Current liabilities | 2.2B | 2.0B | 2.3B | 2.2B | 2.1B |
| Long-term debt | 3.0B | 3.0B | 2.6B | 2.8B | 4.2B |
| Total debt | 3.1B | 3.1B | 3.1B | 3.2B | 4.2B |
| Stockholders’ equity | 6.3B | 8.1B | 8.9B | 8.9B | 9.0B |
| Net debt | 1.9B | 1.4B | 1.7B | 2.6B | 3.4B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 2.2B | 4.5B | 3.5B | 1.8B | 1.4B |
| Investing cash flow | (999.4M) | (1.9B) | (2.0B) | (1.3B) | (975.0M) |
| Financing cash flow | (1.3B) | (2.2B) | (1.8B) | (1.4B) | (294.3M) |
| Capital expenditure | 1.0B | 908.9M | 1.7B | 1.9B | 948.0M |
| Free cash flow | 1.2B | 3.6B | 1.9B | (23.5M) | 501.5M |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 57.7M | 59.2M | 61.7M | 66.6M | 69.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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