MarketCap
Facebook
X
Telegram
Steel Dynamics Income Statement 2025-2006 | STLD
Brief overview of revenue and earnings at Steel Dynamics
The comparison covers a five-year financial horizon. Steel Dynamics reported revenue of $10.5 billion in 2019 and $17.5 billion by 2024. The five-year change reached +67.6%, while CAGR stood at 10.9%. Top-line growth remained consistently strong over the period.
At the gross-profit level, the result moved from $1.5 billion to $2.8 billion, a change of +83.1%. Cost of revenue moved broadly in line with sales. Gross margin moved from 14.6% to 16%. The gross margin stayed within a similar range.
The operating result measured by EBITDA moved from $1 billion to $2.4 billion, or +138.3%. Operating profitability strengthened faster than the scale of sales. EBITDA margin was 9.7% at the start and 13.8% at the end. The company improved its ability to convert sales into EBITDA.
Net profit was 671 million dollars at the start and 1.5 billion dollars at the end. The final result improved faster than the scale of the business.
The five-year change in capitalization reached +211.3%: from $6.7 billion to $20.8 billion. Valuation expanded much faster than the underlying results.
What the figures show
Most key measures improved without a pronounced weak signal. The financial profile benefits from improving gross profitability, improving net profitability and revenue expansion. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Steel Dynamics
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
20.1 B | 20.8 B | 22.3 B | 23.3 B | 11.4 B | 7.12 B | 6.69 B | 8.62 B | 11.2 B | 8.56 B | 4.44 B | 3.96 B | 3.69 B | 3.31 B | 3.49 B | 3 B | 3.2 B | 6.7 B | 4.52 B | - |
Shares |
148 M | 155 M | 167 M | 183 M | 205 M | 211 M | 220 M | 234 M | 240 M | 244 M | 242 M | 233 M | 221 M | 219 M | 218 M | 217 M | 201 M | 189 M | 186 M | - |
Historical Prices |
136 | 134 | 134 | 127 | 55.5 | 33.7 | 28.3 | 33.7 | 41.1 | 30.1 | 15.9 | 14.4 | 13.6 | 12.1 | 12.3 | 13.9 | 16 | 35.4 | 24.2 | 14.9 |
Net Income |
1.19 B | 1.54 B | 2.45 B | 3.86 B | 3.21 B | 571 M | 671 M | 1.26 B | 813 M | 382 M | -130 M | 157 M | 189 M | 164 M | 278 M | 141 M | -8.18 M | 463 M | 395 M | - |
Revenue |
18.2 B | 17.5 B | 18.8 B | 22.3 B | 18.4 B | 9.6 B | 10.5 B | 11.8 B | 9.54 B | 7.78 B | 7.59 B | 8.76 B | 7.37 B | 7.29 B | 8 B | 240 M | 148 M | 337 M | 226 M | - |
Cost of Revenue |
15.8 B | 14.7 B | 14.7 B | 16.1 B | 13 B | 8.17 B | 8.93 B | 9.5 B | 7.96 B | 6.44 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
2.39 B | 2.8 B | 4.05 B | 6.12 B | 5.36 B | 1.43 B | 1.53 B | 2.32 B | 1.58 B | 1.33 B | 732 M | 966 M | 719 M | 720 M | 932 M | 676 M | 399 M | 1.23 B | 916 M | - |
Operating Income |
1.48 B | 1.94 B | 3.15 B | 5.09 B | 4.3 B | 847 M | 987 M | 1.72 B | 1.07 B | 728 M | -72.8 M | 320 M | 387 M | 391 M | 585 M | 365 M | 120 M | 846 M | 691 M | - |
Interest Expense |
87 M | 96.2 M | 76.5 M | 91.5 M | 57.2 M | 94.9 M | 127 M | 127 M | 134 M | 146 M | 154 M | 137 M | 128 M | 159 M | 177 M | 170 M | 141 M | 145 M | 55.4 M | - |
EBITDA |
2.03 B | 2.42 B | 3.59 B | 5.48 B | 4.65 B | 1.17 B | 1.02 B | 1.75 B | 1.1 B | 890 M | 381 M | 608 M | 419 M | 435 M | 625 M | 589 M | 341 M | 1.06 B | 829 M | - |
Operating Expenses |
- | - | - | - | - | - | 544 M | 600 M | 515 M | 474 M | 376 M | 386 M | 332 M | 320 M | 347 M | 311 M | 280 M | - | - | - |
General and Administrative Expenses |
765 M | 664 M | 589 M | 546 M | 644 M | - | 515 M | 573 M | 486 M | 445 M | 351 M | 358 M | 301 M | 285 M | 307 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Steel Dynamics
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
144 M | 145 M | 145 M | 147 M | 148 M | 150 M | 151 M | 154 M | 157 M | 159 M | 160 M | 165 M | 168 M | 172 M | 173 M | 180 M | 186 M | 192 M | 195 M | 202 M | 210 M | 211 M | 211 M | 210 M | 210 M | 213 M | 215 M | 218 M | 222 M | 224 M | 225 M | 234 M | 236 M | 237 M | 237 M | 239 M | 241 M | 243 M | 244 M | 244 M | 244 M | 243 M | 243 M | 242 M | 242 M | 242 M | 241 M | 240 M | 226 M | 223 M | 223 M | 221 M | 220 M | 220 M | 220 M | 219 M | 219 M | 219 M | 219 M | 219 M | 218 M | 218 M | 217 M | 217 M | 215 M | 190 M |
Net Income |
534 M | 403 M | - | 404 M | 299 M | 217 M | - | 318 M | 428 M | 584 M | - | 577 M | 812 M | 644 M | - | 914 M | 1.21 B | 1.11 B | - | 1 B | 712 M | 439 M | 197 M | 104 M | 78.8 M | 191 M | 124 M | 153 M | 197 M | 205 M | 270 M | 398 M | 363 M | 225 M | 303 M | 151 M | 153 M | 199 M | 3.83 M | 154 M | 140 M | 61.3 M | -256 M | 58.9 M | 25.3 M | 27 M | -96 M | 87.7 M | 66.3 M | 33.7 M | 47.9 M | 51.1 M | 23.3 M | 41.3 M | 55.1 M | 6.1 M | 39.3 M | 41.8 M | 25.8 M | 39.9 M | 98.7 M | 106 M | 18.7 M | 49.2 M | 69 M | -16 M |
Revenue |
6.09 B | 5.2 B | - | 4.83 B | 4.57 B | 4.37 B | - | 4.34 B | 4.63 B | 4.69 B | - | 4.59 B | 5.08 B | 4.89 B | - | 5.65 B | 6.21 B | 5.57 B | - | 5.09 B | 4.47 B | 3.54 B | 2.6 B | 2.33 B | 2.09 B | 2.58 B | 2.35 B | 2.53 B | 2.77 B | 2.82 B | 2.9 B | 3.22 B | 3.09 B | 2.6 B | 2.34 B | 2.44 B | 2.39 B | 2.37 B | 1.91 B | 2.1 B | 2.02 B | 1.74 B | 1.59 B | 1.95 B | 2.01 B | 2.05 B | 2.52 B | 2.34 B | 2.07 B | 1.83 B | 1.86 B | 1.91 B | 1.8 B | 1.8 B | 1.71 B | 1.69 B | 1.91 B | 1.98 B | 1.86 B | 2.04 B | 2.08 B | 2.02 B | 63.8 M | 62.7 M | 43.2 M | 19 M |
Cost of Revenue |
5.13 B | 4.44 B | - | 4.07 B | 3.95 B | 3.88 B | - | 3.74 B | 3.86 B | 3.71 B | - | 3.64 B | 3.77 B | 3.84 B | - | 4.19 B | 4.33 B | 3.79 B | - | 3.49 B | 3.27 B | 2.74 B | - | 2.04 B | 1.81 B | 2.16 B | - | 2.17 B | 2.35 B | 2.38 B | - | 2.54 B | 2.44 B | 2.14 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
959 M | 763 M | - | 758 M | 618 M | 487 M | - | 605 M | 775 M | 981 M | - | 952 M | 1.31 B | 1.06 B | - | 1.46 B | 1.88 B | 1.78 B | - | 1.6 B | 1.2 B | 800 M | 442 M | 293 M | 284 M | 415 M | 316 M | 360 M | 421 M | 434 M | 521 M | 686 M | 652 M | 463 M | 321 M | 397 M | 393 M | 472 M | 310 M | 409 M | 380 M | 236 M | 144 M | 229 M | 172 M | 187 M | 292 M | 289 M | 223 M | 163 M | 198 M | 197 M | 148 M | 176 M | 180 M | 156 M | 182 M | 201 M | 160 M | 199 M | 276 M | 296 M | 140 M | 192 M | 217 M | 68.8 M |
Operating Income |
700 M | 538 M | - | 508 M | 383 M | 275 M | - | 395 M | 559 M | 751 M | - | 734 M | 1.06 B | 835 M | - | 1.22 B | 1.62 B | 1.49 B | - | 1.32 B | 956 M | 594 M | 259 M | 156 M | 159 M | 274 M | 182 M | 228 M | 285 M | 292 M | 366 M | 532 M | 502 M | 323 M | 196 M | 271 M | 265 M | 335 M | 56 M | 284 M | 256 M | 132 M | -381 M | 131 M | 77.6 M | 99.8 M | -81.2 M | 189 M | 132 M | 80.9 M | 108 M | 113 M | 69.2 M | 96.2 M | 94.9 M | 72.7 M | 104 M | 120 M | 82.5 M | 109 M | 188 M | 205 M | 69 M | 117 M | 148 M | 6.28 M |
Interest Expense |
22.1 M | 8.45 M | - | 19.7 M | 22.4 M | 17.6 M | - | 29.7 M | 18.7 M | 12 M | - | 39.5 M | 31.3 M | 22.5 M | - | 25.3 M | 25.7 M | 16.7 M | - | 12.7 M | 14.9 M | 17.3 M | - | 19 M | 27.7 M | 28 M | - | 31.3 M | 32.3 M | 31.1 M | - | 31.6 M | 31.5 M | 31.9 M | - | 34.2 M | 33.9 M | 34 M | - | 36.2 M | 36.6 M | 37 M | - | 37.1 M | 37.2 M | 43.1 M | - | 31.9 M | 30 M | 30.6 M | - | 31 M | 31.5 M | 34.6 M | - | 41.5 M | 41.1 M | 41.1 M | - | 44.7 M | 44.8 M | 43.3 M | 44.3 M | 43.4 M | 34.5 M | 37 M |
EBITDA |
874 M | 697 M | - | 646 M | 516 M | 409 M | - | 516 M | 676 M | 866 M | - | 841 M | 1.17 B | 943 M | - | 1.32 B | 1.71 B | 1.58 B | - | 1.41 B | 1.04 B | 681 M | 259 M | 238 M | 238 M | 354 M | 182 M | 308 M | 366 M | 372 M | 366 M | 613 M | 581 M | 400 M | 196 M | 346 M | 339 M | 410 M | 56 M | 358 M | 331 M | 206 M | -381 M | 205 M | 152 M | 173 M | -81.2 M | 255 M | 190 M | 138 M | 108 M | 171 M | 126 M | 153 M | 94.9 M | 132 M | 159 M | 175 M | 82.5 M | 165 M | 244 M | 260 M | 126 M | 172 M | 200 M | 64 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90.9 M | 82.4 M | - | 83.9 M | 78.5 M | 80 M | - | 83.7 M | 78.4 M | 81.4 M | - | 90.5 M | 88.2 M | 90.4 M | 70.5 M | 75.3 M | - | - |
General and Administrative Expenses |
193 M | 175 M | - | 201 M | 198 M | 182 M | - | 168 M | 160 M | 160 M | - | 146 M | 141 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132 M | 136 M | 142 M | - | 155 M | 150 M | 140 M | - | 126 M | 127 M | 138 M | - | 125 M | 124 M | 104 M | - | 97.7 M | 94.2 M | 87.3 M | - | 99.9 M | 90.9 M | 82.4 M | - | 83.9 M | 78.5 M | 80 M | - | - | - | - | - | - | - | - | - | - | 68.2 M | 62.6 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Steel Dynamics (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
China
Russia
Brasil
South-korea
Luxembourg
Mexico
