Steel Dynamics revenue and financials
$237.82Change from previous close: −1.34%Absolute change: −$3.22
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 16,420 | 14,935 | 14,908 | 14,160 | 12,531 | 9,266 | 8,276 | 7,704 | 6,856 | 6,424 |
| Current assets | 6,484 | 5,431 | 6,788 | 7,638 | 6,901 | 4,258 | 4,253 | 4,033 | 3,508 | 2,930 |
| Cash and equivalents | 770 | 589 | 1,401 | 1,628 | 1,244 | 1,369 | 1,381 | 828 | 1,029 | 841 |
| Short-term investments | 0.0 | 148 | 721 | 628 | — | — | — | — | — | — |
| Receivables | 1,683 | 1,417 | 1,608 | 2,056 | — | — | — | — | — | — |
| Inventory | 3,739 | 3,114 | 2,895 | 3,130 | — | — | — | — | — | — |
| Net property, plant and equipment | 8,569 | 8,118 | 6,734 | 5,374 | — | — | — | — | — | — |
| Goodwill | 477 | 477 | 477 | 502 | 454 | 457 | 453 | 430 | 387 | 393 |
| Other intangible assets | 331 | 227 | 258 | 268 | — | — | — | — | — | — |
| Current liabilities | 2,122 | 2,151 | 2,332 | 2,032 | 2,227 | 1,259 | 1,007 | 1,019 | 869 | 713 |
| Accounts payable | 1,231 | 980 | 1,088 | 1,017 | — | — | — | — | — | — |
| Long-term debt | 4,211 | 3,231 | 3,071 | 3,071 | 3,106 | 3,103 | 2,734 | 2,377 | 2,382 | 2,357 |
| Total debt | 4,211 | 3,231 | 3,071 | 3,071 | — | — | — | — | — | — |
| Total liabilities | 7,489 | 5,990 | 6,069 | 6,064 | 6,211 | 4,917 | 4,211 | 3,816 | 3,549 | 3,535 |
| Total equity (incl. minority) | 8,930 | 8,945 | 8,840 | 8,096 | — | — | — | — | — | — |
| Retained earnings | 15,689 | 14,798 | 13,546 | 11,376 | — | — | — | — | — | — |
| Minority interest | -26.8 | 11.0 | -27.1 | -34.6 | — | — | — | — | — | — |