STEEL DYNAMICS INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that STEEL DYNAMICS INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $22.26B | Feb 28, 2023 |
| FY2022 | Dec 31, 2021 | $18.41B | Feb 28, 2023 |
| FY2020 | Dec 31, 2020 | $2.60B | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $2.33B | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $2.09B | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $2.58B | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $2.35B | Mar 1, 2021 |
| FY2020 | Sep 30, 2019 | $2.53B | Mar 1, 2021 |
| FY2020 | Jun 30, 2019 | $2.77B | Mar 1, 2021 |
| FY2020 | Mar 31, 2019 | $2.82B | Mar 1, 2021 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $18.18B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $17.54B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $18.80B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $22.26B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $18.41B | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $9.59B | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $10.45B | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $11.80B | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $9.36B | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $7.61B | Feb 27, 2019 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $2.34B | Feb 27, 2018 |
| FY2017 | Sep 30, 2017 | $2.44B | Feb 27, 2018 |
| FY2017 | Jun 30, 2017 | $2.39B | Feb 27, 2018 |
| FY2017 | Mar 31, 2017 | $2.37B | Feb 27, 2018 |
| FY2017 | Dec 31, 2016 | $1.91B | Feb 27, 2018 |
| FY2017 | Sep 30, 2016 | $2.10B | Feb 27, 2018 |
| FY2017 | Jun 30, 2016 | $2.02B | Feb 27, 2018 |
| FY2017 | Mar 31, 2016 | $1.74B | Feb 27, 2018 |
| FY2016 | Dec 31, 2015 | $1.59B | Feb 28, 2017 |
| FY2016 | Sep 30, 2015 | $1.95B | Feb 28, 2017 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.39B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.80B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $4.05B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $6.12B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $5.36B | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | $442.25M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $292.82M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $284.43M | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $415.23M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $316.41M | Mar 1, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.19B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.54B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $2.45B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $3.86B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $3.21B | Feb 29, 2024 |
| FY2010 | Dec 31, 2010 | $140.71M | Feb 23, 2011 |
| FY2010 | Dec 31, 2009 | ($8.18M) | Feb 23, 2011 |
| FY2010 | Dec 31, 2008 | $463.39M | Feb 23, 2011 |
| FY2009 | Dec 31, 2007 | $394.57M | Feb 22, 2010 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.48B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.94B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $3.15B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $5.09B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $4.30B | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | $258.75M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $155.86M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $158.85M | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $273.69M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $181.96M | Mar 1, 2021 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $765.31M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $664.12M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $588.62M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $545.62M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $643.98M | Feb 29, 2024 |
| FY2018 | Dec 31, 2018 | $600.41M | Feb 27, 2019 |
| FY2018 | Dec 31, 2017 | $515.13M | Feb 27, 2019 |
| FY2018 | Dec 31, 2016 | $474.06M | Feb 27, 2019 |
| FY2017 | Dec 31, 2015 | $376.00M | Feb 27, 2018 |
| FY2016 | Dec 31, 2014 | $385.89M | Feb 28, 2017 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.45B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.84B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $3.52B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $4.46B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $2.20B | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $987.03M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $1.40B | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $1.42B | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $739.42M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $852.76M | Feb 27, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $948.03M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.87B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $1.66B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $908.90M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $1.01B | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $1.20B | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $451.95M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $239.39M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $164.94M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $198.16M | Feb 27, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.42B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $14.94B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $14.91B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $14.16B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $12.53B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $9.27B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $8.28B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $7.70B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $6.86B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $6.42B | Feb 27, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.49B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $5.99B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $6.07B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $6.06B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $6.21B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $4.92B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $4.21B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $3.82B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $3.55B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $3.54B | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.96B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $8.93B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $8.87B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $8.13B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $6.30B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $4.35B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $4.08B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $3.94B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $3.35B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $2.93B | Feb 27, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $477.47M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $477.47M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $477.47M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $502.07M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $453.84M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $457.23M | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $452.92M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $429.65M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $386.89M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $393.35M | Feb 27, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.69B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $14.80B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $13.55B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $11.38B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $7.76B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $4.76B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $4.42B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $3.96B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $2.87B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $2.21B | Feb 27, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $769.88M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $589.46M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.40B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $1.63B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $1.24B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $1.37B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $1.38B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $828.22M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $1.03B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $841.48M | Feb 27, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.21B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $3.23B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $3.07B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $3.07B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $3.11B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $3.10B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $2.73B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $2.38B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $2.38B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $2.36B | Feb 27, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 9 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 14 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 21 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 15 | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 9 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 14 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 20 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 15 | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 144.94M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 151.12M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 160.02M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | 172.94M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | 195.00M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 210.91M | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | 214.50M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | 225.27M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | 237.40M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | 243.79M | Feb 27, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $291.18M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $282.62M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $271.32M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $237.16M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $212.97M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $209.25M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $200.27M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $168.91M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $145.57M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $135.77M | Feb 27, 2019 |