STEEL DYNAMICS INC
STEEL DYNAMICS INC
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nonrelated Party | 384 | 2,051 | 1,680 | 91 | -42 | 1,648 | 1,363 | -195 | 30 | 1,665 | 1,535 | -273 | |||||
Related Party | 2 | 5 | 2 | -30 | 22 | 73 | 54 | -15 | 6 | 74 | 73 | 12 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 568 | 557 | 770 | 770 | 458 | 1,187 | 589 | 1,015 | 830 | 1,039 | 1,401 | 1,765 | |||||
Short Term Investments | - | - | 0 | - | 40 | 20 | 148 | 645 | 418 | 653 | 721 | 501 | |||||
Inventory Net | 3,956 | 3,908 | 3,739 | 3,196 | 3,261 | 3,099 | 3,114 | 3,045 | 3,074 | 3,027 | 2,895 | 2,942 | |||||
Other Assets Current | 315 | 274 | 293 | 351 | 231 | 190 | 163 | 173 | 142 | 139 | 163 | 139 | |||||
Assets Current | 7,281 | 6,795 | 6,484 | 6,079 | 5,691 | 6,217 | 5,431 | 6,444 | 6,239 | 6,597 | 6,788 | 7,229 | |||||
Property Plant And Equipment Net | 8,492 | 8,550 | 8,569 | 8,494 | 8,465 | 8,323 | 8,118 | 7,826 | 7,434 | 7,064 | 6,734 | 6,313 | |||||
Intangible Assets Net Excluding Goodwill | 316 | 323 | 331 | 207 | 213 | 220 | 227 | 235 | 242 | 250 | 258 | 266 | |||||
Goodwill | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | |||||
Other Assets Noncurrent | 547 | 574 | 557 | 708 | 702 | 693 | 681 | 678 | 669 | 638 | 651 | 644 | |||||
Assets | 17,113 | 16,720 | 16,420 | 15,965 | 15,549 | 15,930 | 14,935 | 15,660 | 15,061 | 15,027 | 14,908 | 14,929 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accrued Income Taxes Current | 32 | 135 | 67 | 3 | 2 | 43 | 4 | 6 | 6 | 150 | 6 | 30 | |||||
Employee Related Liabilities Current | 313 | 226 | 361 | 302 | 233 | 173 | 373 | 335 | 277 | 210 | 469 | 406 | |||||
Accrued Liabilities Current | 457 | 408 | 427 | 435 | 355 | 373 | 367 | 389 | 344 | 329 | 309 | 336 | |||||
Long Term Debt Current | 1 | 22 | 35 | 1 | 1 | 419 | 427 | 882 | 816 | 426 | 460 | 86 | |||||
Liabilities Current | 2,287 | 2,171 | 2,122 | 1,957 | 1,819 | 2,266 | 2,151 | 2,692 | 2,656 | 2,299 | 2,332 | 1,918 | |||||
Long Term Debt Noncurrent | 4,181 | 4,179 | 4,177 | 3,781 | 3,780 | 3,777 | 2,804 | 2,802 | 2,213 | 2,612 | 2,611 | 3,009 | |||||
Deferred Income Tax Liabilities Net | 1,071 | 1,043 | 1,004 | 1,105 | 958 | 918 | 902 | 943 | 928 | 924 | 945 | 961 | |||||
Other Liabilities Noncurrent | 211 | 194 | 186 | 152 | 148 | 135 | 133 | 143 | 144 | 144 | 181 | 182 | |||||
Liabilities | 7,750 | 7,587 | 7,489 | 6,995 | 6,705 | 7,097 | 5,990 | 6,581 | 5,941 | 5,979 | 6,069 | 6,071 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 143 | 141 | 141 | 141 | 141 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Treasury Stock Common Value | -8,288 | -8,089 | -7,981 | -7,743 | -7,533 | -7,335 | -7,094 | -6,799 | -6,489 | -6,182 | -5,898 | -5,511 | |||||
Additional Paid In Capital Common Stock | 1,230 | 1,238 | 1,249 | 1,243 | 1,230 | 1,218 | 1,230 | 1,220 | 1,208 | 1,197 | 1,218 | 1,215 | |||||
Retained Earnings Accumulated Deficit | 16,474 | 16,016 | 15,689 | 15,496 | 15,165 | 14,940 | 14,798 | 14,660 | 14,413 | 14,057 | 13,546 | 13,189 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 3 | -1 | -1 | -1 | 1 | - | - | -0 | -1 | -0 | 0 | -0 | |||||
Stockholders Equity | 9,420 | 9,165 | 8,789 | 8,829 | 8,864 | 8,663 | 8,934 | 9,082 | 8,949 | 9,072 | 8,867 | 8,894 | |||||
Minority Interest | -200 | -173 | -168 | -166 | -161 | -162 | -160 | -173 | -182 | -196 | -198 | -206 | |||||
Liabilities And Stockholders Equity | 17,113 | 16,720 | 16,420 | 15,965 | 15,549 | 15,930 | 14,935 | 15,660 | 15,061 | 15,027 | 14,908 | 14,929 | |||||
Allowance For Doubtful Accounts Receivable Current | - | - | 5 | - | - | - | 8 | - | - | - | 8 | - | |||||
Common Stock Par Or Stated Value Per Share | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | 0.003 | |||||
Common Stock Shares Authorized | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | |||||
Common Stock Shares Issued | 269 | 269 | 269 | 268 | 268 | 268 | 268 | 268 | 268 | 268 | 268 | 268 | |||||
Shares Outstanding | 144 | 144 | 145 | 146 | 148 | 149 | 151 | 153 | 156 | 158 | 160 | 163 | |||||
Treasury Stock Common Shares | 125 | 124 | 124 | 122 | 121 | 119 | 117 | 115 | 113 | 110 | 108 | 104 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.66% | 11.05% | 4.89% | - | - | - | - | - | - | - | - | - |
| 2025 | -2.18% | -2.04% | -10.03% | 9.98% | 18.96% | 28.56% | 1.61% | 12.44% | 10.99% | -15.11% | 4.04% | 19.12% |
| 2024 | -0.97% | -3.85% | -3.08% | -0.58% | 4.80% | 8.19% | -2.21% | -22.07% | -17.30% | -9.18% | -12.07% | 0.19% |
| 2023 | - | - | - | 3.22% | 3.56% | 0.56% | 10.17% | 9.03% | 7.09% | 7.61% | 2.63% | 0.40% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.18 | 3.13 | 3.06 | 3.11 | 3.13 | 2.74 | 2.53 | 2.39 | 2.35 | 2.87 | 2.91 | 3.77 | |||||
| Quick Ratio | 1.45 | 1.33 | 1.29 | 1.47 | 1.34 | 1.38 | 1.08 | 1.26 | 1.19 | 1.55 | 1.67 | 2.23 | |||||
| Working Capital | 4.99B | 4.62B | 4.36B | 4.12B | 3.87B | 3.95B | 3.28B | 3.75B | 3.58B | 4.30B | 4.46B | 5.31B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.82 | 0.83 | 0.85 | 0.79 | 0.76 | 0.82 | 0.68 | 0.72 | 0.66 | 0.66 | 0.70 | 0.68 | |||||
| Interest Coverage TTM | 18.22 | 19.08 | 21.07 | 24.34 | 21.11 | 25.97 | 34.48 | 39.32 | 44.25 | 46.50 | 41.20 | 39.65 | |||||
| Debt Ratio | 0.45 | 0.45 | 0.46 | 0.44 | 0.43 | 0.45 | 0.40 | 0.42 | 0.39 | 0.40 | 0.41 | 0.41 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.26 | 1.16 | 1.16 | 1.12 | 1.12 | 1.11 | 1.18 | 1.17 | 1.23 | 1.27 | 1.29 | 1.35 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 11.07 | 9.42 | 7.99 | 7.72 | 7.07 | 7.84 | 9.93 | 11.44 | 12.88 | 15.15 | 14.74 | 16.00 | |||||
| Free Cash Flow Per Share TTM | 6.64 | 4.59 | 3.39 | 2.12 | -0.72 | -1.05 | -0.15 | 2.81 | 5.41 | 8.42 | 11.18 | 14.00 | |||||
| Dividend Per Share TTM | 2.06 | 2.03 | 1.97 | 1.96 | 1.93 | 1.89 | 1.82 | 1.83 | 1.79 | 1.77 | 1.63 | 1.59 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 14.65% | 14.04% | 13.16% | 13.07% | 12.55% | 13.41% | 15.98% | 17.27% | 18.95% | 21.35% | 21.53% | 22.01% | |||||
| Operating Profit Margin TTM | 10.01% | 9.15% | 8.12% | 7.96% | 7.53% | 8.52% | 11.08% | 12.42% | 14.12% | 16.49% | 16.77% | 17.35% | |||||
| Net Profit Margin TTM | 7.79% | 7.20% | 6.52% | 6.46% | 6.15% | 6.87% | 8.84% | 9.89% | 11.19% | 12.98% | 13.13% | 13.60% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 19.77% | 10.44% | 3.63% | -1.49% | -5.51% | -7.42% | -6.68% | -8.42% | -11.96% | -14.47% | -15.57% | -13.51% | |||||
| Net Income Growth (1Y) | 51.89% | 15.68% | -23.51% | -35.62% | -48.09% | -50.99% | -37.18% | -33.39% | -32.23% | -28.84% | -36.12% | -38.36% | |||||
| EPS Growth (1Y) | 56.52% | 20.04% | -19.57% | -32.50% | -45.12% | -48.25% | -32.68% | -28.59% | -27.41% | -23.04% | -29.66% | -32.73% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 20.64 | 19.00 | 21.01 | 17.83 | 17.81 | 15.64 | 11.21 | 10.71 | 9.74 | 9.44 | 7.70 | 6.42 | |||||
| P/B TTM | 3.51 | 2.84 | 2.83 | 2.30 | 2.12 | 2.14 | 1.98 | 2.09 | 2.21 | 2.51 | 2.19 | 1.92 | |||||
| P/S TTM | 1.61 | 1.37 | 1.37 | 1.15 | 1.09 | 1.07 | 0.99 | 1.06 | 1.09 | 1.23 | 1.01 | 0.87 | |||||
| Market Cap | 33.04B | 26.00B | 24.91B | 20.32B | 18.77B | 18.50B | 17.38B | 18.97B | 19.76B | 22.80B | 19.01B | 17.05B | |||||
| Enterprise Value | 36.65B | 29.64B | 28.35B | 23.33B | 22.09B | 21.51B | 20.02B | 21.63B | 21.96B | 24.79B | 20.67B | 18.38B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 955.56M | 664.75M | 501.51M | 310.99M | -107.43M | -157.31M | -23.50M | 432.50M | 849.34M | 1.34B | 1.86B | 2.31B | |||||
| Net Debt | 3.61B | 3.64B | 3.44B | 3.01B | 3.32B | 3.00B | 2.64B | 2.66B | 2.19B | 1.99B | 1.66B | 1.32B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
STEEL DYNAMICS INC (STLD) — SEC Financial Statements & Analysis
STEEL DYNAMICS INC (STLD) is a steel works, blast furnaces & rolling mills (coke ovens) company, incorporated in IN. STEEL DYNAMICS INC trades on Nasdaq as: STLD. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), STEEL DYNAMICS INC reported a 19.77% year-over-year revenue growth, a Gross Profit Margin of 14.65% (TTM), a Debt-to-Equity ratio of 0.82x, a Price-to-Sales (P/S) ratio of 1.61x (TTM), a Price-to-Book (P/B) ratio of 3.51x (TTM), at a market cap of $33.04B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 19.77%
- Gross Profit Margin TTM
- 14.65%
- Debt To Equity
- 0.82x
- P/S TTM
- 1.61x
- P/B TTM
- 3.51x
- Market Cap
- $33.04B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is STEEL DYNAMICS INC in?
STEEL DYNAMICS INC (STLD) operates in the Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) industry.
What is STLD's market cap?
STEEL DYNAMICS INC (STLD) has a market capitalization of $33.04B as of 2026-06-30.
What is STLD's P/E ratio?
STEEL DYNAMICS INC (STLD)'s trailing twelve month P/E ratio is 20.64x as of 2026-06-30.
What exchange does STLD trade on?
STEEL DYNAMICS INC (STLD) trades on the Nasdaq.
Where is STEEL DYNAMICS INC incorporated?
STEEL DYNAMICS INC is incorporated in IN.