Steel Dynamics (STLD) is trading up at $242.92 (+0.95%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Materials sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.78B | $9.54B | $11.8B | $10.5B | $9.60B | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B |
| Growth (year over year) | +2.4% | +22.7% | +23.9% | −11.5% | −8.3% | +91.7% | +20.9% | −15.6% | −6.7% | +3.6% |
| Gross profit | $1.33B | $1.58B | $2.32B | $1.53B | $1.43B | $5.36B | $6.12B | $4.05B | $2.80B | $2.39B |
| Gross margin | 17.2% | 16.6% | 19.6% | 14.6% | 14.9% | 29.1% | 27.5% | 21.5% | 16.0% | 13.2% |
| Operating income | $728.0M | $1.07B | $1.72B | $986.9M | $847.1M | $4.30B | $5.09B | $3.15B | $1.94B | $1.48B |
| Operating margin | 9.4% | 11.2% | 14.6% | 9.4% | 8.8% | 23.4% | 22.9% | 16.8% | 11.1% | 8.1% |
| Net income | $382.1M | $812.7M | $1.26B | $671.1M | $550.8M | $3.21B | $3.86B | $2.45B | $1.54B | $1.19B |
| Net margin | 4.9% | 8.5% | 10.6% | 6.4% | 5.7% | 17.5% | 17.4% | 13.0% | 8.8% | 6.5% |
| EPS (diluted) | $1.56 | $3.36 | $5.35 | $3.04 | $2.59 | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
| Balance sheet | ||||||||||
| Cash and equivalents | $841.5M | $1.03B | $828.2M | $1.38B | $1.37B | $1.24B | $1.63B | $1.40B | $589.5M | $769.9M |
| Total assets | $6.42B | $6.86B | $7.70B | $8.28B | $9.27B | $12.5B | $14.2B | $14.9B | $14.9B | $16.4B |
| Total liabilities | $3.54B | $3.55B | $3.82B | $4.21B | $4.92B | $6.21B | $6.06B | $6.07B | $5.99B | $7.49B |
| Long-term debt | $2.35B | $2.35B | $2.35B | $2.64B | $3.02B | $3.01B | $3.01B | $2.61B | $2.80B | $4.18B |
| Shareholders' equity | $2.93B | $3.35B | $3.94B | $4.08B | $4.35B | $6.30B | $8.13B | $8.87B | $8.93B | $8.96B |
| Cash flow | ||||||||||
| Operating cash flow | $852.8M | $739.4M | $1.42B | $1.40B | $987.0M | $2.20B | $4.46B | $3.52B | $1.84B | $1.45B |
| Capital expenditure | $198.2M | $164.9M | $239.4M | $451.9M | $1.20B | $1.01B | $908.9M | $1.66B | $1.87B | $948.0M |
| Free cash flow | $654.6M | $574.5M | $1.18B | $944.3M | −$211.0M | $1.20B | $3.55B | $1.86B | −$23.5M | $501.5M |
| Dividends paid | $135.8M | $145.6M | $168.9M | $200.3M | $209.2M | $213.0M | $237.2M | $271.3M | $282.6M | $291.2M |
| Share buybacks | $25.0M | $252.2M | $523.6M | $348.6M | $106.5M | $1.06B | $1.80B | $1.45B | $1.21B | $900.9M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.34B | $3.87B | $4.37B | $4.57B | $4.83B | $4.41B | $5.20B | $6.09B |
| Growth (year over year) | −5.4% | −8.5% | −6.9% | −1.5% | +11.2% | +14.0% | +19.1% | +33.4% |
| Gross profit | $605.2M | $441.7M | $486.5M | $618.5M | $757.9M | $529.3M | $763.2M | $959.0M |
| Gross margin | 13.9% | 11.4% | 11.1% | 13.5% | 15.7% | 12.0% | 14.7% | 15.7% |
| Operating income | $395.4M | $237.5M | $275.1M | $382.9M | $507.8M | $310.2M | $538.0M | $700.5M |
| Operating margin | 9.1% | 6.1% | 6.3% | 8.4% | 10.5% | 7.0% | 10.3% | 11.5% |
| Net income | $317.8M | $207.3M | $217.2M | $298.7M | $403.7M | $266.0M | $403.4M | $534.1M |
| Net margin | 7.3% | 5.4% | 5.0% | 6.5% | 8.4% | 6.0% | 7.8% | 8.8% |
| EPS (diluted) | $2.05 | $1.40 | $1.44 | $2.01 | $2.74 | $1.80 | $2.78 | $3.69 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.02B | $589.5M | $1.19B | $458.0M | $770.4M | $769.9M | $556.5M | $567.7M |
| Total assets | $15.7B | $14.9B | $15.9B | $15.5B | $16.0B | $16.4B | $16.7B | $17.1B |
| Total liabilities | $6.58B | $5.99B | $7.10B | $6.70B | $6.99B | $7.49B | $7.59B | $7.75B |
| Long-term debt | $2.80B | $2.80B | $3.78B | $3.78B | $3.78B | $4.18B | $4.18B | $4.18B |
| Shareholders' equity | $9.08B | $8.93B | $8.82B | $8.86B | $9.00B | $8.96B | $9.16B | $9.42B |
| Cash flow | ||||||||
| Operating cash flow | $759.9M | $346.9M | $152.6M | $301.6M | $722.6M | $272.7M | $148.3M | $427.9M |
| Capital expenditure | $621.4M | $453.2M | $305.5M | $288.3M | $165.7M | $188.5M | $138.0M | $123.8M |
| Free cash flow | $138.5M | −$106.3M | −$152.9M | $13.3M | $556.9M | $84.2M | $10.3M | $304.1M |
| Dividends paid | $71.6M | $70.4M | $69.5M | $74.7M | $73.9M | $73.1M | $72.5M | $76.6M |
| Share buybacks | $309.9M | $295.1M | $250.1M | $200.0M | $210.4M | $240.3M | $115.1M | $200.3M |
From Steel Dynamics's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of carbon steel products in the United States. It is among the most profitable American steel companies in terms of profit margins and operating margin per ton. Based on its 2021 revenue, the company ranked 196th on the 2022 edition of the Fortune 500.
Source: Wikipedia — Steel Dynamics
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