Steel Dynamics, Inc. financials

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STLD CIK 0001022671

Source: EDGAR filings · Built 2026-06-02T04:06:49Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 501.51M -23.50M 1.86B 3.55B 1.20B -211.02M
EBITDA 2.03B 2.42B 3.59B 5.48B 4.65B 1.17B
Working Capital 4.36B 3.28B 4.46B 5.61B 4.67B 3.00B
Net Debt 3.61B 2.76B 1.80B 1.55B 1.96B 1.82B
Gross Margin 13.16% 15.98% 21.53% 27.48% 29.13% 14.96%
Operating Margin 8.12% 11.08% 16.77% 22.87% 23.36% 8.84%
Net Margin 6.52% 8.76% 13.04% 17.35% 17.46% 5.95%
Return on Equity (ROE) 13.24% 17.20% 27.64% 47.51% 50.98% 13.14%
Return on Assets (ROA) 7.22% 10.29% 16.44% 27.28% 25.65% 6.16%
Current Ratio 3.06× 2.53× 2.91× 3.76× 3.10× 3.38×
Debt-to-Equity 0.49× 0.37× 0.36× 0.39× 0.51× 0.73×
Effective Tax Rate 20.47% 21.83% 23.35% 22.74% 22.86% 19.09%
Cash Conversion Ratio 1.22× 1.20× 1.44× 1.15× 0.69× 1.73×
Accruals Ratio -0.02× -0.02× -0.07× -0.04× 0.08× -0.04×
SBC % of Revenue 0.38% 0.38% 0.33% 0.27% 0.31% 0.58%
CapEx Coverage 1.53× 0.99× 2.12× 4.91× 2.19× 0.82×
Free Cash Flow Per Share $3.38 $-0.15 $11.12 $19.24 $5.80 $-0.99

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 21.21× 11.59× 8.07× 4.67× 3.99× 14.24×
P/FCF 50.14× — 10.62× 5.08× 10.71× —
FCF Yield 1.99% — 9.42% 19.69% 9.34% —
EV / EBITDA 13.90× 8.26× 5.77× 3.37× 3.03× 8.19×
P/S 1.35× 0.98× 1.01× 0.76× 0.66× 0.81×
P/B 2.74× 1.93× 2.13× 2.08× 1.92× 1.79×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 18.18B 17.54B 18.80B 22.26B 18.41B 9.59B
Revenues — — — 22.26B 18.41B 9.60B
Cost of Goods and Services Sold 15.78B 14.74B 14.75B 16.14B 13.05B 8.17B
Gross Profit 2.39B 2.80B 4.05B 6.12B 5.36B 1.43B
Selling, General and Administrative Expense 765.31M 664.12M 588.62M 545.62M 643.98M —
Operating Income (Loss) 1.48B 1.94B 3.15B 5.09B 4.30B 847.14M
Income Tax Expense (Benefit) 305.66M 432.93M 751.61M 1.14B 962.26M 134.65M
Net Income (Loss) Attributable to Parent 1.19B 1.54B 2.45B 3.86B 3.21B —
Earnings Per Share, Basic $8.02 $9.89 $14.72 $21.06 $15.67 $2.61
Weighted Average Number of Shares Outstanding, Basic 147.81M 155.42M 166.55M 183.39M 205.12M 211.14M
Earnings Per Share, Diluted $7.99 $9.84 $14.64 $20.92 $15.56 $2.59
Weighted Average Number of Shares Outstanding, Diluted 148.40M 156.14M 167.43M 184.62M 206.62M 212.34M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 769.88M 589.46M 1.40B 1.63B 1.24B 1.37B
Assets, Current 6.48B 5.43B 6.79B 7.64B 6.90B 4.26B
Assets 16.42B 14.94B 14.91B 14.16B 12.53B 9.27B
Long-term Debt 4.20B 3.23B 3.07B 3.07B 3.11B 3.10B
Liabilities, Current 2.12B 2.15B 2.33B 2.03B 2.23B 1.26B
Long-term Debt, Excluding Current Maturities 4.18B 2.80B 2.61B 3.01B 3.01B 3.02B
Liabilities 7.49B 5.99B 6.07B 6.06B 6.21B 4.92B
Stockholders' Equity Attributable to Parent 8.96B 8.93B 8.87B 8.13B 6.30B 4.35B
Common Stock, Shares, Outstanding 144.94M 151.12M 160.02M 172.94M 195.00M 210.91M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.45B 1.84B 3.52B 4.46B 2.20B 987.03M
Payments to Acquire Property, Plant, and Equipment 948.02M 1.87B 1.66B 908.90M 1.01B 1.20B
Net Cash Provided by (Used in) Investing Activities -974.96M -1.30B -1.97B -1.88B -999.42M -993.26M
Payments for Repurchase of Common Stock 900.87M 1.21B 1.45B 1.80B 1.06B 106.53M
Net Cash Provided by (Used in) Financing Activities -294.31M -1.35B -1.78B -2.20B -1.33B -7.05M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (STLD CIK 0001022671), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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