Steel Dynamics, Inc.

STLD Basic Materials Steel

Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024.

Revenue
+34.8%
EPS
+92.4%
Free cash flow
+25.0%
Total debt
+11.1%

Quarter to September 2026, against a year earlier

252.35 1.55 +0.62%
Market cap
$35.7B
P/E
18.5×
Fwd P/E
14.2×
Dividend yield
0.83%
F-score
5/9
Altman Z
5.03
Beneish M
−2.40
Dividend safety
71/100

Steel Dynamics, Inc. 10-Q filed Jul 28, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 11:59 AM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 27, 2026: 6 added · 23 modified; 6 with only figures updated

  1. Modified · Description of the Business

    We are a leading industrial metals solutions company, with facilities located throughout the United States and Mexico. We operate a circular manufacturing model, producing high-quality, lower-carbon-emission products with recycled scrap as the primary input. We have also recently added aluminum operations, further diversifying our product offerings to supply aluminum flat rolled products with higherOur primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive ferrous and nonferrous metals, and the fabrication and sale of steel joists and industrial sectorsdeck products. Our primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale ofWe have also recently added aluminum operations, further diversifying our product offerings to supply aluminum flat rolled products with higher recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists content to the countercyclical sustainable beverage can industry, in addition to the automotive and deck productsindustrial sectors.