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 Oct 23, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:01 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 28, 2026: 1 added · 1 removed · 26 modified; 7 with only figures updated

  1. Modified · Results Overview

    In the secondthird quarter of 2026, we achieved record quarterly total steel shipments of 3.73.8 million tons. Underlying domestic steel demand strengthened during the quarter, as customer ordersremained strong, benefiting both our steel operations and backlogs increased, also benefitting our metals recycling operations segment, which achieved notable improvement in operating income in the second quarter of 2026 compared to the second quarter of 2025. Our steel fabrication operations also experienced increased continued strong customer orders and backlogs, with sales volumes increasing meaningfully in the secondthird quarter of 2026 compared to the secondthird quarter of 2025. Finally, our aluminum operations segment continues to make strong progress on the commissioning and startup of our aluminum flat-rolled sheet products mill, already providing high-quality products for the industrial, beverage and automotive markets.