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

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	$769.9M
Accounts Receivable	$0
Inventory	$3.7B
Prepaid Expenses	$293.1M
Other Current Assets	$293.1M
Total Current Assets	$6.5B
Property,Plant and Equipment	$8.6B
Goodwill	$477.5M
Intangible Assets	$331.3M
Other Noncurrent Assets	$557.4M
Total Assets	$16.4B
Liabilities
Accrued Liabilities	$427.4M
Current Portion of Long Term Debt	$34.7M
Total Current Liabilities	$2.1B
Long Term Debt	$4.2B
Deferred Tax Liabilities	$1.0B
Other Noncurrent Liabilities	$186.2M
Total Liabilities	$7.5B
Equity
Common Stock	$653.0K
Additional Paid In Capital	$1.2B
Retained Earnings	$15.7B
Treasury Stock	$8.0B
Accumulated Other Comprehensive Income	$-598.0K
Noncontrolling Interest	$-168.0M
Total Stockholders Equity	$9.0B
Total Liabilitiesand Equity	$16.4B

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	$18.2B
Expenses Cost of Revenue	$15.8B
Expenses Selling,General and Administrative	$765.3M
Expenses Depreciation and Amortization	$551.4M
Expenses Share Based Compensation	$69.0M
Other Income Expense Gross Profit	$2.4B
Other Income Expense Operating Income	$1.5B
Other Income Expense Interest Income	$36.8M
Other Income Expense Other Income/expense	$87.0M
Other Income Expense Income Before Tax	$1.5B
Income Tax Income Tax Expense	$305.7M
net Income net Income	$1.2B
net Income Comprehensive Income	$1.2B
Earnings Per Share Basic Eps	$8
Earnings Per Share Diluted Eps	$8
Earnings Per Share Weighted Average Shares Basic	$147.8M
Earnings Per Share Weighted Average Shares Diluted	$148.4M

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	$1.2B
Operating Activities Depreciation and Amortization	$515.0M
Operating Activities Stock Based Compensation	$69.0M
Operating Activities Deferred Income Taxes	$95.3M
Operating Activities Changes In Operating Assets and Liabilities	$744.5M
Operating Activities Other Non Cash Items	$-10.2M
Operating Activities net Cash From Operating Activities	$1.4B
Investing Activities Capital Expenditures	$948.0M
Investing Activities Business Acquisitions	$175.8M
Investing Activities Other Investing Activities	$-1.4M
Investing Activities net Cash From Investing Activities	$-975.0M
Financing Activities Proceeds From Debt	$3.6B
Financing Activities Repayment of Debt	$2.6B
Financing Activities Repurchase of Common Stock	$900.9M
Financing Activities Dividends Paid	$291.2M
Financing Activities Other Financing Activities	$-88.1M
Financing Activities net Cash From Financing Activities	$-294.3M
Cash Reconciliation Effect of Exchange Rate On Cash	$775.3M
Cash Reconciliation net Change In Cash	$180.3M
Cash Reconciliation Cash At Beginning of Period	$775.3M
Cash Reconciliation Cash At End of Period	$775.3M

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

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