Steel Dynamics revenue and financials
$239.53Change from previous close: −0.63%Absolute change: −$1.51
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 17,113 | 16,720 | 16,420 | 15,965 | 15,549 | 15,930 | 14,935 | 15,660 | 15,061 | 15,027 | 14,908 | 14,929 |
| Current assets | 7,281 | 6,795 | 6,484 | 6,079 | 5,691 | 6,217 | 5,431 | 6,444 | 6,239 | 6,597 | 6,788 | 7,229 |
| Cash and equivalents | 568 | 557 | 770 | 770 | 458 | 1,187 | 589 | 1,015 | 830 | 1,039 | 1,401 | 1,765 |
| Short-term investments | — | — | 0.0 | 0.0 | 39.6 | 19.6 | 148 | 645 | 418 | 653 | 721 | 501 |
| Receivables | 2,443 | 2,056 | 1,683 | 1,762 | 1,701 | 1,721 | 1,417 | 1,565 | 1,775 | 1,739 | 1,608 | 1,882 |
| Inventory | 3,956 | 3,908 | 3,739 | 3,196 | 3,261 | 3,099 | 3,114 | 3,045 | 3,074 | 3,027 | 2,895 | 2,942 |
| Net property, plant and equipment | 8,492 | 8,550 | 8,740 | 8,494 | 8,465 | 8,323 | 8,231 | 7,826 | 7,434 | 7,064 | 6,862 | 6,313 |
| Goodwill | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| Other intangible assets | 316 | 323 | 331 | 207 | 213 | 220 | 227 | 235 | 242 | 250 | 258 | 266 |
| Current liabilities | 2,287 | 2,171 | 2,122 | 1,957 | 1,819 | 2,266 | 2,151 | 2,692 | 2,656 | 2,299 | 2,332 | 1,918 |
| Accounts payable | 1,484 | 1,379 | 1,231 | 1,215 | 1,227 | 1,258 | 980 | 1,080 | 1,213 | 1,184 | 1,088 | 1,060 |
| Long-term debt | 4,181 | 4,179 | 4,177 | 3,781 | 3,780 | 3,777 | 2,804 | 2,802 | 2,213 | 2,612 | 2,611 | 3,009 |
| Total debt | 4,182 | 4,201 | 4,211 | 3,782 | 3,781 | — | — | — | — | — | — | — |
| Total liabilities | 7,750 | 7,587 | 7,489 | 6,995 | 6,705 | 7,097 | 5,990 | 6,581 | 5,941 | 5,979 | 6,069 | 6,071 |
| Total equity (incl. minority) | 9,363 | 9,133 | 8,930 | 8,970 | 8,844 | 8,834 | 8,945 | 9,079 | 9,120 | 9,048 | 8,840 | 8,858 |
| Retained earnings | 16,474 | 16,016 | 15,689 | 15,496 | 15,165 | 14,940 | 14,798 | 14,660 | 14,413 | 14,057 | 13,546 | 13,189 |
| Minority interest | -56.5 | -31.5 | -26.8 | -24.8 | -20.0 | 9.2 | 11.0 | -2.2 | -10.6 | -24.6 | -27.1 | -35.2 |