Steel Dynamics, Inc. (STLD) Financial Statements

Steel Dynamics, Inc.

STLD · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$18.18B	$17.54B	$18.80B	$22.26B	$18.41B	$9.59B	$10.45B	$11.80B
Cost of Revenue	$15.78B	$14.74B	$14.75B	$16.14B	$13.05B	$8.17B	$8.93B	$9.50B
Gross Profit	$2.39B	$2.80B	$4.05B	$6.12B	$5.36B	$1.43B	$1.53B	$2.32B
Selling, General & Administrative	$765.31M	$664.12M	$588.62M	$545.62M	$643.98M	—	—	$600.40M
Operating Income	$1.48B	$1.94B	$3.15B	$5.09B	$4.30B	$847.14M	$986.88M	$1.72B
Interest Expense	—	—	$76.48M	$91.54M	$57.21M	$94.88M	$127.10M	$126.62M
Other Income / (Expense)	$87.03M	$96.19M	$144.25M	$20.79M	-$34.83M	-$46.79M	$15.56M	$23.98M
Income Before Taxes	$1.49B	$1.98B	$3.22B	$5.02B	$4.21B	$705.48M	$875.34M	$1.62B
Provision for Income Taxes	$305.66M	$432.93M	$751.61M	$1.14B	$962.26M	$134.65M	$197.44M	$363.97M
Net Income	$1.19B	$1.54B	$2.45B	$3.86B	$3.21B	$570.83M	$677.90M	$1.26B
Basic EPS	$8.02	$9.89	$14.72	$21.06	$15.67	$2.61	$3.06	$5.38
Diluted EPS	$7.99	$9.84	$14.64	$20.92	$15.56	$2.59	$3.04	$5.35
Basic Shares Outstanding	147.81M	155.42M	166.55M	183.39M	205.12M	211.14M	219.64M	233.92M
Diluted Shares Outstanding	148.40M	156.14M	167.43M	184.62M	206.62M	212.34M	220.75M	235.19M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$17.16	$16.28	$19.27	5	↑2 ↓1
Dec 2027	$19.69	$18.05	$21.46	4	↑2 ↓2
Dec 2028	$17.45	$17.41	$17.50	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: STLD
Type: Stock
Sector: Industrials
Industry: Steel/Iron Ore
Country: North America
Exchange: NASDAQ-GS

Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also invested in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

Key Issues

Bullish view

Theresa Wagler’s appointment is an identified leadership transition, while Mark Millett remains involved as executive chairman from January 1, 2027. That structure could preserve institutional knowledge and strategic continuity.

Bearish view

The change still replaces the current CEO, creating execution and strategy-transition risk. The supplied evidence provides no detail on Wagler’s priorities or how investors assess the handoff.

Steel Dynamics Appoints Theresa Wagler As President And CEO

Analyst Consensus

See all

Buy

10 analysts

$266

Current

—

Low

$270

Average

—

High

Average target implies +1.51% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Waters CorporationWAT · NYSE$400.98