Steel Dynamics, Inc. (STLD) — Financial statements
Income statement, balance sheet, and cash flow for Steel Dynamics, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 18,177↑3.6% | 17,540↓6.7% | 18,795↓15.6% | 22,261↑20.9% | 18,409 | |
| Cost of Revenue | 15,812↑7.3% | 14,738↓0.1% | 14,749↓8.6% | 16,143↑23.7% | 13,046 | |
| Gross Profit | 2,364↓15.6% | 2,803↓30.7% | 4,046↓33.9% | 6,118↑14.1% | 5,362 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00↓100.0% | 546↓15.3% | 644 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 888↑33.8% | 664↑12.8% | 589↑7.9% | 546↓15.3% | 644 | |
| Other Expenses | 0.00↓100.0% | 195↓36.2% | 306↓36.3% | 480↑15.1% | 417 | |
| Operating Expenses | 888↑3.3% | 860↓3.9% | 895↓12.8% | 1,026↓3.3% | 1,061 | |
| Total Costs & Expenses | 16,701↑7.1% | 15,597↓0.3% | 15,644↓8.9% | 17,169↑21.7% | 14,108 | |
| Operating Results | ||||||
| Operating Income | 1,476↓24.0% | 1,943↓38.3% | 3,151↓38.1% | 5,092↑18.4% | 4,301 | |
| Depreciation & Amortization | 551↑15.1% | 479↑9.4% | 438↑14.0% | 384↑10.5% | 348 | |
| EBITDA | 2,114↓16.0% | 2,518↓32.5% | 3,733↓32.1% | 5,497↑19.1% | 4,614 | |
| EBIT | 1,563↓23.4% | 2,039↓38.1% | 3,295↓35.5% | 5,113↑19.8% | 4,266 | |
| Interest & Other Income | ||||||
| Net Interest Income | -70↓24.3% | -56↑26.3% | -76↑16.4% | -92↓60.0% | -57 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 70↑24.3% | 56↓26.3% | 76↓16.4% | 92↑60.0% | 57 | |
| Non-Operating Income | -87↑9.5% | -96↑33.3% | -144↓594.0% | -21↓159.7% | 35 | |
| Other Income / Expenses | 17↓57.4% | 40↓41.2% | 68↑195.8% | -71↑23.1% | -92 | |
| Income Before Tax | 1,493↓24.7% | 1,983↓38.4% | 3,219↓35.9% | 5,021↑19.3% | 4,209 | |
| Income Tax Expense | 306↓29.4% | 433↓42.4% | 752↓34.2% | 1,142↑18.6% | 962 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,187↓23.4% | 1,550↓37.2% | 2,467↓36.4% | 3,879↑19.5% | 3,247 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,186↓22.9% | 1,537↓37.3% | 2,451↓36.5% | 3,863↑20.2% | 3,214 | |
| Bottom-Line Net Income | 1,186↓22.9% | 1,537↓37.3% | 2,451↓36.5% | 3,863↑20.2% | 3,214 | |
| EPS (Basic) | 8.02↓18.9% | 9.89↓32.8% | 14.72↓30.1% | 21.06↑34.4% | 15.67 | |
| EPS (Diluted) | 7.99↓18.8% | 9.84↓32.8% | 14.64↓30.0% | 20.92↑34.4% | 15.56 | |
| Weighted Average Shares | 148↓4.9% | 155↓6.7% | 167↓9.2% | 183↓10.6% | 205 | |
| Weighted Average Diluted Shares | 148↓5.0% | 156↓6.7% | 167↓9.3% | 185↓10.6% | 207 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.