Steel Dynamics revenue and financials

STLD · NASDAQ · USD

$241.04+3.90%+$9.05

Close · October 5, 2026

In the fiscal year ended December 2025, Steel Dynamics reported revenue of $18.18B (+3.63% year over year). Net income was $1.19B, a net margin of 6.5%.

Annual revenue · 2025: $18.18B

$7.78B2016
$9.54B2017
$11.82B2018
$10.46B2019
$9.6B2020
$18.41B2021
$22.26B2022
$18.8B2023
$17.54B2024
$18.18B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +3.63%; 2025 vs 2024
Net income growth: −22.87%; 2025 vs 2024
Net margin: 6.5%; 2024: 8.8%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	18,177	17,540	18,795	22,261	18,409	9,601	10,465	11,822	9,539	7,777
Cost of revenue	15,784	14,738	14,749	16,143	13,046	8,167	8,934	9,499	7,957	6,442
Gross profit	2,392	2,803	4,046	6,118	5,362	1,435	1,531	2,323	1,582	1,335
Selling, general and administrative	765	664	589	546	—	—	—	—	—	—
Operating income	1,476	1,943	3,151	5,092	4,301	847	987	1,722	1,067	728
EBIT	1,563	2,039	3,295	5,113	—	—	—	—	—	—
EBITDA	2,114	2,518	3,733	5,497	—	—	—	—	—	—
Interest expense	70.0	56.3	76.5	91.5	57.2	94.9	127	127	134	146
Pre-tax income	1,493	1,983	3,219	5,021	—	—	—	—	—	—
Income tax	306	433	752	1,142	962	135	197	364	129	204
Net income	1,186	1,537	2,451	3,863	3,214	571	678	1,256	806	360
Net income to common shareholders	1,186	1,537	2,451	3,863	—	—	—	—	—	—
Basic EPS	8.02	9.89	14.72	21.06	15.67	2.61	3.06	5.38	3.38	1.57
Diluted EPS	7.99	9.84	14.64	20.92	15.56	2.59	3.04	5.35	3.36	1.56
Average shares (basic)	148	155	167	183	—	—	—	—	—	—
Average shares (diluted)	148	156	167	185	207	212	221	235	242	245