Steel Dynamics, Inc. (STLD)STLDSteel Dynamics, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	20.54B	6.09B	5.20B	4.41B	4.83B	4.57B	4.37B	3.87B	4.34B
Cost of Goods Sold	17.54B	5.13B	4.44B	3.89B	4.07B	3.95B	3.88B	3.43B	3.74B
Gross Profit	3.00B	958.97M	763.22M	522.07M	757.88M	618.47M	486.54M	441.73M	605.22M
Gross Profit Margin	14.6%	15.7%	14.7%	11.8%	15.7%	13.5%	11.1%	11.4%	13.9%
Total Operating Expenses	830.64M	193.45M	175.22M	211.84M	250.12M	235.61M	211.40M	204.23M	209.78M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	781.36M	193.45M	175.22M	211.84M	200.84M	198.01M	181.81M	176.90M	167.69M
Operating Income (EBIT)	2.17B	765.52M	588.00M	310.23M	507.76M	382.86M	275.14M	237.50M	395.44M
Operating Margin	10.6%	12.6%	11.3%	7.0%	10.5%	8.4%	6.3%	6.1%	9.1%
Income Before Tax (EBT)	2.17B	687.37M	662.79M	310.61M	513.85M	387.87M	280.65M	243.96M	408.02M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	112.89M	39.12M	33.24M	26.96M	13.57M	17.38M	12.13M	14.58M	17.07M
Other Income/Expense	3.10M	-78.15M	74.79M	375K	6.09M	5.01M	5.51M	6.46M	12.59M
Net Income	1.61B	534.09M	403.44M	266.03M	403.69M	298.73M	217.15M	207.29M	317.80M
Income Tax Expense	571.98M	153.28M	262.69M	46.09M	109.92M	86.67M	62.98M	34.09M	87.13M
Net Profit Margin	7.8%	8.8%	7.8%	6.0%	8.4%	6.5%	5.0%	5.4%	7.3%
EBITDA	2.77B	924.80M	747.28M	456.51M	646.24M	515.72M	408.90M	363.05M	516.49M
EBITDA Margin	13.5%	15.2%	14.4%	10.3%	13.4%	11.3%	9.4%	9.4%	11.9%
Depreciation & Amortization	603.33M	159.28M	159.28M	146.28M	138.49M	132.87M	133.76M	125.55M	121.05M
EPS Basic	11.07	3.70	2.79	1.83	2.75	2.00	1.45	1.36	2.06
EPS Diluted	11.03	3.69	2.78	1.82	2.74	2.00	1.44	1.36	2.05
Shares Outstanding	144.40M	144.40M	144.80M	145.63M	146.95M	149.32M	150.26M	152.10M	154.06M
Diluted Shares Outstanding	144.40M	144.40M	144.80M	146.25M	147.60M	149.32M	150.26M	152.80M	156.53M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	18.18B	17.54B	18.80B	22.26B	18.41B	9.60B	10.46B	11.82B
Cost of Goods Sold	15.81B	14.74B	14.75B	16.14B	13.05B	8.17B	8.93B	9.50B
Gross Profit	2.36B	2.80B	4.05B	6.12B	5.36B	1.43B	1.53B	2.32B
Gross Profit Margin	13.0%	16.0%	21.5%	27.5%	29.1%	14.9%	14.6%	19.6%
Total Operating Expenses	888.29M	859.55M	894.70M	1.03B	1.06B	587.59M	544.10M	600.40M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	888.29M	664.12M	588.62M	545.62M	643.98M	477.45M	436.50M	416.64M
Operating Income (EBIT)	1.48B	1.94B	3.15B	5.09B	4.30B	847.14M	986.88M	1.72B
Operating Margin	8.1%	11.1%	16.8%	22.9%	23.4%	8.8%	9.4%	14.6%
Income Before Tax (EBT)	1.49B	1.98B	3.22B	5.02B	4.21B	705.48M	875.34M	1.62B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	70.04M	56.35M	76.48M	91.54M	57.21M	94.88M	127.10M	126.62M
Other Income/Expense	16.98M	39.84M	67.76M	-70.75M	-92.03M	-141.66M	-111.54M	-102.64M
Net Income	1.19B	1.54B	2.45B	3.86B	3.21B	550.82M	671.10M	1.26B
Income Tax Expense	305.66M	432.93M	751.61M	1.14B	962.26M	134.65M	197.44M	363.97M
Net Profit Margin	6.5%	8.8%	13.0%	17.4%	17.5%	5.7%	6.4%	10.6%
EBITDA	2.03B	2.42B	3.59B	5.48B	4.65B	1.17B	1.31B	2.04B
EBITDA Margin	11.2%	13.8%	19.1%	24.6%	25.3%	12.2%	12.5%	17.3%
Depreciation & Amortization	551.39M	478.91M	437.80M	384.20M	347.65M	325.79M	321.08M	317.20M
EPS Basic	8.02	9.89	14.72	21.06	15.67	2.61	3.06	5.38
EPS Diluted	7.99	9.84	14.64	20.92	15.56	2.59	3.04	5.35
Shares Outstanding	147.81M	155.42M	166.55M	183.39M	205.12M	211.14M	219.64M	233.92M
Diluted Shares Outstanding	148.40M	156.14M	167.43M	184.62M	206.62M	212.34M	220.75M	235.19M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Steel Dynamics, Inc.

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

Fort Wayne, IN

14,400 employees

www.steeldynamics.com

Basic Materials / Steel

Sector: Basic Materials
Industry: Steel
CEO: Mark D. Millett

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