FY2025 · ended Dec 31, 2025 · Revenue $18.18B, +3.6% YoY · Filed Feb 27, 2026
Steel Dynamics, Inc. (STLD) files with the SEC under industry code 3312, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens). In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $18.2 billion and net income of $1.2 billion. Free cash flow was $501.5 million. As of Sep 30, 2026 it held $928.6 million in cash and investments and $4.2 billion in total debt.
Revenue (TTM)
$22.22B
+26.0% vs year-ago TTM
Net income (TTM)
$1.96B
+73.9% vs year-ago TTM
Operating cash flow (TTM)
$1.69B
+11.2% vs year-ago TTM
Free cash flow (TTM)
$1.09B
+252.0% vs year-ago TTM
EPS (TTM)
$13.52
+80.0% vs year-ago TTM
Dividend per share (TTM)
$2.09
+6.6% vs year-ago TTM
Shares outstanding
144.88M
-3.5% vs prior year
Net cash
$-3.28B
as of Sep 30, 2026
Operating margin
11.5%
FY 2026
Company profile
- Industry
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (SIC 3312)
- Listed as
- STLD (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- IN
- Headquarters
- Fort Wayne, IN
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1022671
- Former names
- STEEL DYNAMICS INC (until Nov 4, 2026)
Other Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) companies
- Nucor Corp NUE
- ArcelorMittal MT
- Tenaris SA TS
- Posco Holdings Inc. PKX
- Carpenter Technology Corp CRS
- COMMERCIAL METALS Co CMC
- GRUPO SIMEC, S.A.B. de C.V. SIM
- SunCoke Energy, Inc. SXC
All 13 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $18.2B | $17.5B | $18.8B | $22.3B | $18.4B |
| Operating income | $1.5B | $1.9B | $3.2B | $5.1B | $4.3B |
| Net income | $1.2B | $1.5B | $2.5B | — | — |
| Diluted EPS | $7.99 | $9.84 | $14.64 | $20.92 | $15.56 |
| Operating cash flow | $1.4B | $1.8B | $3.5B | $4.5B | $2.2B |
| Free cash flow | $501.5M | -$23.5M | $1.9B | $3.6B | $1.2B |
| Total assets | $16.4B | $14.9B | $14.9B | $14.2B | $12.5B |
| Total liabilities | $7.5B | $6.0B | $6.1B | $6.1B | $6.2B |
| Stockholders' equity | $9.0B | $8.9B | $8.9B | $8.1B | $6.3B |
| Cash and investments | $769.9M | $737.3M | $2.1B | $2.3B | $1.2B |
| Total debt | $4.4B | $3.3B | $3.2B | $3.2B | $3.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 23, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 20, 2026 | Oct 19, 2026 |
| 8-K |
Current report
Other events
|
Oct 19, 2026 | Oct 19, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 18, 2026 | Sep 17, 2026 |
| 8-K/A |
Amended current report
Officer or director change
|
Aug 18, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Other events
|
Aug 14, 2026 | Aug 14, 2026 |
All 1003 Steel Dynamics, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.