Steel Dynamics revenue and financials

STLD · NASDAQ · USD

$238.17−1.19%−$2.87

Close · October 6, 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
  1. $7.78B2016
  2. $9.54B2017
  3. $11.82B2018
  4. $10.46B2019
  5. $9.6B2020
  6. $18.41B2021
  7. $22.26B2022
  8. $18.8B2023
  9. $17.54B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue6,0925,2054,4144,8284,5654,3693,8724,3424,6334,6944,2334,587
Cost of revenue5,1334,4423,8854,0703,9473,8833,4303,7363,8583,7133,5033,635
Gross profit959763529758618487442605775981731952
Selling, general and administrative251217212243229205197202208222204210
Operating income700538310508383275238395559751519734
EBIT700538310508383275238395559751519734
EBITDA874697457646516409363516676866630841
Interest expense39.133.227.013.617.412.114.617.112.712.014.818.4
Pre-tax income683513311514388281244408565766542755
Income tax15311346.111086.763.034.187.1133178115175
Net income534403266404299217207318428584424577
Net income to common shareholders534403266404299217207318428584424577
Basic EPS3.712.791.832.752.011.451.362.062.733.682.633.49
Diluted EPS3.692.781.822.742.011.441.352.052.723.672.623.47
Average shares (basic)144145146147148150152154157159161165
Average shares (diluted)145145146148149151153155158159162166
Dividend per share0.530.530.500.500.500.500.460.460.460.460.430.43