STEEL DYNAMICS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $18.2B | $17.5B | $18.8B | $22.3B | $18.4B |
| Cost of revenue | $15.8B | $14.7B | $14.7B | $16.1B | $13.0B |
| Gross profit | $2.4B | $2.8B | $4.0B | $6.1B | $5.4B |
| Selling, general & administrative | $765.3M | $664.1M | $588.6M | $545.6M | $644.0M |
| Operating income | $1.5B | $1.9B | $3.2B | $5.1B | $4.3B |
| Interest expense | $70.0M | $56.3M | $76.5M | $91.5M | $57.2M |
| Pretax income | $1.5B | $2.0B | $3.2B | $5.0B | $4.2B |
| Income tax expense | $305.7M | $432.9M | $751.6M | $1.1B | $962.3M |
| Net income | $1.2B | $1.5B | $2.5B | $3.9B | $3.2B |
| Balance Sheet | |||||
| Cash and equivalents | $769.9M | $589.5M | $1.4B | $1.6B | $1.2B |
| Current assets | $6.5B | $5.4B | $6.8B | $7.6B | $6.9B |
| Total assets | $16.4B | $14.9B | $14.9B | $14.2B | $12.5B |
| Current liabilities | $2.1B | $2.2B | $2.3B | $2.0B | $2.2B |
| Total liabilities | $7.5B | $6.0B | $6.1B | $6.1B | $6.2B |
| Total debt | $4.3B | $3.3B | $3.1B | $3.1B | $3.2B |
| Stockholders' equity | $9.0B | $8.9B | $8.9B | $8.1B | $6.3B |
| Cash Flow Statement | |||||
| Cash from operations | $1.4B | $1.8B | $3.5B | $4.5B | $2.2B |
| Depreciation and amortization | $551.4M | $478.9M | $437.8M | $384.2M | $347.7M |
| Stock-based compensation | $69.0M | $66.6M | $61.7M | $59.2M | $57.7M |
| Capital expenditure | $948.0M | $1.9B | $1.7B | $908.9M | $1.0B |
| Free cash flow | $501.5M | -$23.5M | $1.9B | $3.6B | $1.2B |
| Dividends paid | $291.2M | $282.6M | $271.3M | $237.2M | $213.0M |
| Share repurchases | $900.9M | $1.2B | $1.5B | $1.8B | $1.1B |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 144.2M · Free float 93.3%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.