Steel Dynamics (STLD) financials
Steel Dynamics revenue and earnings by year
Steel Dynamics's revenue was $18.2 billion in the fiscal year to December 31, 2025, up 3.6% from the year before. Net income was $1.19 billion, 6.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 9.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.2 | 17.5 | 18.8 | 22.3 | 18.4 | 9.6 | 10.5 | 11.8 | 9.5 | 7.8 |
| Revenue growth | 3.6% | -6.7% | -15.6% | 20.9% | 91.7% | -8.3% | -11.5% | 23.9% | 22.7% | — |
| Gross profit | 2.4 | 2.8 | 4.0 | 6.1 | 5.4 | 1.4 | 1.5 | 2.3 | 1.6 | 1.3 |
| Gross margin | 13.2% | 16.0% | 21.5% | 27.5% | 29.1% | 14.9% | 14.6% | 19.6% | 16.6% | 17.2% |
| Operating income | 1.5 | 1.9 | 3.2 | 5.1 | 4.3 | 0.8 | 1.0 | 1.7 | 1.1 | 0.7 |
| Operating margin | 8.1% | 11.1% | 16.8% | 22.9% | 23.4% | 8.8% | 9.4% | 14.6% | 11.2% | 9.4% |
| Net income | 1.2 | 1.5 | 2.5 | 3.9 | 3.2 | 0.6 | 0.7 | 1.3 | 0.8 | 0.4 |
| Net margin | 6.5% | 8.8% | 13.0% | 17.4% | 17.5% | 5.7% | 6.4% | 10.6% | 8.5% | 4.9% |
| Diluted EPS | $7.99 | $9.84 | $14.64 | $20.92 | $15.56 | $2.60 | $3.03 | $5.35 | $3.37 | $1.56 |
| Free cash flow | 0.5 | -0.0 | 1.9 | 3.6 | 1.2 | -0.2 | 0.9 | 1.2 | 0.6 | 0.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open STLD in Markets.
See also: STLD valuation and P/E history · STLD returns
No forecast, no recommendation. This page describes Steel Dynamics from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.