Steel Dynamics

Materials Steel Fort Wayne, Indiana Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$18.2B
                    3y CAGR -6.5%
                    
                    P31
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.2B
                    Net margin +6.5%
                    
                    P54
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$16.4B
                    ROA +7.2%
                    
                    P77
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$1.4B
                    FCF margin +2.8%
                    
                    P36
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 1 year

Total assets $16.4B

Total liabilities $7.5B

Shareholders equity $9.0B

Account	2025	Trend
Assets
Cash and Cash Equivalents	4.2%
Accounts Receivable	0.0%
Inventory	20.6%
Prepaid Expenses	1.6%
Other Current Assets	1.6%
Total Current Assets	35.7%
Property,Plant and Equipment	47.1%
Goodwill	2.6%
Intangible Assets	1.8%
Other Noncurrent Assets	3.1%
Total Assets	90.3%
Liabilities
Accrued Liabilities	2.4%
Current Portion of Long Term Debt	0.2%
Total Current Liabilities	11.7%
Long Term Debt	23.0%
Deferred Tax Liabilities	5.5%
Other Noncurrent Liabilities	1.0%
Total Liabilities	41.2%
Equity
Common Stock	0.0%
Additional Paid In Capital	6.9%
Retained Earnings	86.3%
Treasury Stock	43.9%
Accumulated Other Comprehensive Income	-0.0%
Noncontrolling Interest	-0.9%
Total Stockholders Equity	49.3%
Total Liabilitiesand Equity	90.3%

Income Statement

Revenue, expense, and profitability

17 accounts · 1 year

Revenue $18.2B

Operating income $1.5B

Net income $1.2B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	86.8%
Expenses Selling,General and Administrative	4.2%
Expenses Depreciation and Amortization	3.0%
Expenses Share Based Compensation	0.4%
Other Income Expense Gross Profit	13.2%
Other Income Expense Operating Income	8.1%
Other Income Expense Interest Income	0.2%
Other Income Expense Other Income/expense	0.5%
Other Income Expense Income Before Tax	8.2%
Income Tax Income Tax Expense	1.7%
net Income net Income	6.5%
net Income Comprehensive Income	6.5%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	0.8%
Earnings Per Share Weighted Average Shares Diluted	0.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 1 year

Operating cash flow $1.4B

Investing cash flow $-975.0M

Financing cash flow $-294.3M

Account	2025	Trend
CashFlow
Operating Activities net Income	6.5%
Operating Activities Depreciation and Amortization	2.8%
Operating Activities Stock Based Compensation	0.4%
Operating Activities Deferred Income Taxes	0.5%
Operating Activities Changes In Operating Assets and Liabilities	4.1%
Operating Activities Other Non Cash Items	-0.1%
Operating Activities net Cash From Operating Activities	8.0%
Investing Activities Capital Expenditures	5.2%
Investing Activities Business Acquisitions	1.0%
Investing Activities Other Investing Activities	-0.0%
Investing Activities net Cash From Investing Activities	-5.4%
Financing Activities Proceeds From Debt	19.6%
Financing Activities Repayment of Debt	14.1%
Financing Activities Repurchase of Common Stock	5.0%
Financing Activities Dividends Paid	1.6%
Financing Activities Other Financing Activities	-0.5%
Financing Activities net Cash From Financing Activities	-1.6%
Cash Reconciliation Effect of Exchange Rate On Cash	4.3%
Cash Reconciliation net Change In Cash	1.0%
Cash Reconciliation Cash At Beginning of Period	4.3%
Cash Reconciliation Cash At End of Period	4.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+13.2%
Operating margin	+8.1%
Net margin	+6.5%
FCF margin	+2.8%
Growth
Revenue CAGR (3y)	-6.5%
Returns
ROE	+13.2%
ROA	+7.2%
ROIC	+9.5%
Liquidity
Current ratio	3.06x
Quick ratio	0.36x
Leverage
D/E	0.84x
Interest coverage	—
Efficiency
Asset turnover	1.11x
Cash conversion cycle	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Steel Dynamics

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

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