Steel Dynamics revenue and financials
$238.17Change from previous close: −1.19%Absolute change: −$2.87
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,450 | 1,845 | 3,520 | 4,460 | 2,204 | 987 | 1,396 | 1,415 | 739 | 853 |
| Depreciation and amortization | 551 | 479 | 438 | 384 | 348 | 326 | 321 | 317 | 299 | 296 |
| Capital expenditure | -948 | -1,868 | -1,658 | -909 | -1,006 | -1,198 | -452 | -239 | -165 | -198 |
| Investing cash flow | -975 | -1,303 | -1,970 | -1,879 | -999 | — | — | — | — | — |
| Financing cash flow | -294 | -1,353 | -1,777 | -2,197 | -1,329 | — | — | — | — | — |
| Dividends paid | -291 | -283 | -271 | -237 | -213 | -209 | -200 | -169 | -146 | -136 |
| Share repurchases | -901 | -1,212 | -1,452 | -1,801 | -1,061 | -107 | -349 | -524 | -252 | -25.0 |
| Debt issued | 3,554 | 2,483 | 1,366 | 1,465 | — | — | — | — | — | — |
| Debt repaid | -2,568 | -2,324 | -1,368 | -1,507 | — | — | — | — | — | — |
| Net change in cash | 180 | -811 | -227 | 385 | -125 | — | — | — | — | — |
| Free cash flow | 502 | -23.5 | 1,862 | 3,552 | 1,198 | — | — | — | — | — |
| Levered free cash flow | -109 | -319 | 1,374 | 2,789 | 265 | — | — | — | — | — |