STEEL DYNAMICS INC

Listed Company

STLDCIK 0001022671NasdaqLarge AcceleratedSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)IndianaFY ends Dec 31

Period

FY 2025

Revenue

$18.18B

Net Income

$1.19B

Total Assets

$16.42B

Equity

$8.96B

Shares Out

144.21M

Op. Cash Flow

$1.45B

STLD$235.49+79.53% · past yearDBEQ Basic

Daily closing prices

Business

Steel Dynamics is a leading North American industrial metals solutions company operating electric arc furnace steel mills, metals recycling facilities, steel fabrication plants, and aluminum operations. The company produces flat-rolled and long-product steel, processes ferrous and nonferrous scrap metals, manufactures steel joists and deck products, and produces recycled-content aluminum flat-rolled products. Its four reportable segments—Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations—serve construction, automotive, manufacturing, transportation, and beverage-can markets primarily in the United States, with operations also in Mexico.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales	18,177	17,540	18,795	22,261	18,409
Costs of goods sold	15,784	14,738	14,749	16,143	13,046
Gross profit	2,392	2,803	4,046	6,118	5,362
Selling, general and administrative expenses	765	664	589	546	644
Profit sharing	123	165	272	453	388
Amortization of intangible assets	28	31	34	28	29
Operating income	1,476	1,943	3,151	5,092	4,301
Interest expense, net of capitalized interest	70	56	76	92	—
Other (income) expense, net	−87	−96	−144	−21	35
Income before income taxes	1,493	1,983	3,219	5,021	4,209
Income tax expense	306	433	752	1,142	962
Net income	1,187	1,550	2,467	3,879	3,247
Net income attributable to noncontrolling interests	−2	−13	−16	−17	−33
Net income attributable to Steel Dynamics, Inc.	1,186	1,537	2,451	3,863	3,214
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share)	8.02	9.89	14.72	21.06	15.67
Weighted average common shares outstanding (in shares)	148	155	167	183	205
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share)	7.99	9.84	14.64	20.92	15.56
Weighted average common shares and share equivalents outstanding (in shares)	148	156	167	185	207
Dividends declared per share (in dollars per share)	2	1.84	1.7	1.36	1.04

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and equivalents	770	589	1,401	1,628	1,244
Short-term investments	0	148	721	628	—
Inventories	3,739	3,114	2,895	3,130	3,531
Other current assets	293	163	163	195	210
Total current assets	6,484	5,431	6,788	7,638	6,901
Property, plant and equipment, net	8,569	8,118	6,734	5,374	4,751
Intangible assets, net	331	227	258	268	295
Goodwill	477	477	477	502	454
Other assets	557	681	651	379	130
Total assets	16,420	14,935	14,908	14,160	12,531
Income taxes payable	67	4	6	7	14
Accrued payroll and benefits	361	373	469	611	540
Accrued expenses	427	367	309	341	296
Current maturities of long-term debt	35	427	460	57	97
Total current liabilities	2,122	2,151	2,332	2,032	2,227
Long-term debt	4,177	2,804	2,611	3,013	3,009
Deferred income taxes	1,004	902	945	889	855
Other liabilities	186	133	181	130	120
Total liabilities	7,489	5,990	6,069	6,064	6,211
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interests	141	171	171	182	211
Common stock voting, $.0025 par value; 900,000,000 shares authorized; 268,644,427 and 268,377,165 shares issued; and 144,940,102 and 151,117,153 shares outstanding, as of December 31, 2025 and 2024, respectively	653,000	652,000	651,000	650,000	649,000
Treasury stock, at cost; 123,704,325 and 117,260,012 shares, as of December 31, 2025 and 2024, respectively	−7,981	−7,094	−5,898	−4,460	−2,674
Additional paid-in capital	1,249	1,230	1,218	1,213	1,219
Retained earnings	15,689	14,798	13,546	11,376	7,761
Accumulated other comprehensive loss	−598,000	—	421,000	889,000	−2
Total Steel Dynamics, Inc. equity	8,957	8,934	8,867	8,130	6,305
Noncontrolling interests	−168	−160	−198	−216	−196
Total equity	8,789	8,774	8,668	7,914	6,109
Total liabilities and equity	16,420	14,935	14,908	14,160	12,531

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	551	479	438	384	348
Equity-based compensation	69	67	62	59	58
Deferred income taxes	94	−43	56	37	322
Other adjustments	−10	−6	−20	−2	−3
Accounts receivable	−157	191	447	−111	−945
Inventories	−423	−221	232	413	−1,686
Other assets	−77	−14	−24	−7	−2
Accounts payable	207	−67	−30	−289	558
Income taxes receivable/payable	52	10	57	32	−106
Accrued expenses	−43	−102	−165	64	414
Net cash provided by operating activities	1,450	1,845	3,520	4,460	2,204
Purchases of property, plant and equipment	−948	−1,868	−1,658	−909	−1,006
Purchases of short-term investments	−40	−739	−1,145	−928	—
Proceeds from maturities of short-term investments	187	1,312	1,055	298	—
Business combinations, net of cash acquired	−176	—	—	−134	—
Other investing activities	1	−8	−222	16	7
Net cash used in investing activities	−975	−1,303	−1,970	−1,879	−999
Issuance of current and long-term debt	3,554	2,483	1,366	1,465	1,517
Repayment of current and long-term debt	−2,568	−2,324	−1,368	−1,507	−1,522
Dividends paid	−291	−283	−271	−237	−213
Purchases of treasury stock	−901	−1,212	−1,452	−1,801	−1,061
Other financing activities	−88	−17	−52	−116	−50
Net cash used in financing activities	−294	−1,353	−1,777	−2,197	−1,329
Increase (decrease) in cash and equivalents, and restricted cash	180	−811	−227	385	−125
Cash paid for interest	157	101	103	101	103

Filings

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Frequently asked questions

What is STEEL DYNAMICS INC's CIK number?

STEEL DYNAMICS INC's SEC CIK number is 0001022671 (1022671). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find STEEL DYNAMICS INC's SEC filings?

All of STEEL DYNAMICS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did STEEL DYNAMICS INC last report earnings?

STEEL DYNAMICS INC (STLD) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-045938). This is STEEL DYNAMICS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is STEEL DYNAMICS INC's most recent earnings 8-K?

STEEL DYNAMICS INC's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001104659-26-045938. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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