Tuesday 13 October 2026 Export STLD’s income statement to Excel — free account

Steel Dynamics, Inc.

Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024. In the quarter to June 2026, revenue grew 33.4%, EPS grew 84.6%, free cash flow grew 2,189.9% and total debt rose 10.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

238.68 0.46 −0.19%

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Market cap: $34.3B
P/E: 21.6×
Fwd P/E: 17.8×
Dividend yield: 0.87%
F-score: 5/9
Altman Z: 5.03
Beneish M: −2.40
Dividend safety: 71/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	23.06	13.23	5.58	11.20	14.13	3.93	4.55	8.11	11.60	21.08
Piotroski F-Score Full definition →	7	6	8	5	5	7	6	5	4	5
P/S ratio Full definition →	1.13	1.13	0.59	0.71	0.81	0.69	0.78	1.05	1.01	1.38
Altman Z-Score Full definition →	3.91	4.65	4.53	3.91	3.37	5.11	6.08	5.48	4.98	5.03
Altman Z″-Score (non-manufacturers) Full definition →	4.95	5.86	6.75	6.06	5.28	7.77	8.96	7.80	7.04	6.67
P/FCF ratio Full definition →	13.47	18.75	5.98	7.92	0.00	10.63	4.91	10.64	0.00	49.94
Beneish M-Score Full definition →	(2.93)	(2.26)	(2.44)	(2.86)	(2.60)	(1.53)	(2.39)	(2.83)	(2.53)	(2.40)
P/Operating CF Full definition →	42.53	56.07	14.31	18.28	56.43	17.59	15.26	22.91	51.11	91.84
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	71
P/B ratio Full definition →	3.18	3.37	1.86	1.91	1.86	2.08	2.21	2.28	2.02	2.85
Price to Tangible BV Full definition →	4.20	4.22	2.28	2.38	2.28	2.38	2.44	2.50	2.20	3.14
EV/Sales Full definition →	1.33	1.27	0.71	0.82	0.99	0.79	0.82	1.10	1.15	1.57
EV/EBITDA Full definition →	10.09	8.88	4.09	6.55	8.12	3.14	3.34	5.78	8.35	14.05
EV/Operating CF Full definition →	12.12	16.40	5.90	6.14	9.64	6.62	4.10	5.90	10.96	19.65
EV/FCF Full definition →	15.79	21.11	7.10	9.07	(45.11)	12.18	5.14	11.15	(860.42)	56.80
Quick Ratio Full definition →	2.20	2.18	2.06	2.47	1.86	1.42	2.12	1.60	1.00	1.16
Current Ratio Full definition →	4.11	4.04	3.96	4.22	3.38	3.10	3.76	2.91	2.53	3.06
Net Debt/EBITDA Full definition →	1.48	0.99	0.65	0.83	1.48	0.40	0.15	0.26	1.03	1.70
Debt/Assets Full definition →	36.69%	34.74%	30.85%	33.04%	33.49%	24.79%	21.68%	20.60%	21.63%	25.65%
Debt/Equity Full definition →	0.85	0.75	0.63	0.70	0.74	0.51	0.39	0.35	0.37	0.48
Asset Turnover Full definition →	1.23	1.44	1.62	1.31	1.09	1.69	1.67	1.29	1.18	1.16
Operating CF/Net income Full definition →	2.23	0.91	1.12	2.08	1.79	0.69	1.15	1.44	1.20	1.22
Capex/Depreciation Full definition →	(0.67)	(0.55)	(0.75)	(1.41)	(3.68)	(2.89)	(2.37)	(3.79)	(3.90)	(1.72)
Interest Coverage Full definition →	4.98	7.94	13.60	7.76	8.93	75.18	55.63	41.20	34.48	21.07
ROE Full definition →	14.36%	27.22%	36.10%	17.44%	13.58%	62.42%	55.09%	29.56%	17.63%	13.50%
ROA Full definition →	6.05%	12.24%	17.29%	8.40%	6.28%	29.49%	28.94%	16.86%	10.30%	7.56%
ROIC Full definition →	10.60%	14.66%	21.13%	12.31%	8.94%	33.73%	36.46%	20.48%	10.78%	7.54%
Return on Tangible Assets Full definition →	7.64%	15.29%	21.12%	10.52%	7.75%	34.10%	35.18%	21.90%	13.49%	9.17%
Average Days of Receivables Full definition →	34.25	33.25	32.23	29.45	36.95	38.00	33.71	31.23	29.49	33.79
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	4.81%	4.14%	3.52%	4.17%	4.97%	3.50%	2.45%	3.13%	3.79%	4.21%
Intangible Assets out of Total Assets Full definition →	0.11	0.09	0.09	0.09	0.08	0.06	0.05	0.05	0.05	0.05
Share Based Compensation of Revenue Full definition →	0.41%	0.38%	0.37%	0.46%	0.58%	0.31%	0.27%	0.33%	0.38%	0.38%
Graham Net Nets Full definition →	(0.08)	(0.01)	0.02	(0.01)	(0.10)	0.04	0.08	0.03	(0.04)	(0.05)
Graham Number Full definition →	20.07	31.86	44.20	34.95	34.14	102.93	142.56	131.02	111.74	103.72
Earnings Yield Full definition →	4.34%	7.56%	17.91%	8.93%	7.08%	25.47%	21.99%	12.33%	8.62%	4.74%
Free Cash Flow Yield Full definition →	7.42%	5.33%	16.74%	12.63%	(2.71%)	9.41%	20.35%	9.40%	(0.13%)	2.00%
Revenue per Share Full definition →	31.93	39.72	50.54	47.65	45.47	89.75	121.38	112.85	112.86	122.98
Operating CF per Share Full definition →	3.50	3.08	6.05	6.36	4.67	10.75	24.32	21.13	11.87	9.81
Capex per Share Full definition →	(0.81)	(0.69)	(1.02)	(2.06)	(5.67)	(4.91)	(4.96)	(9.95)	(12.02)	(6.41)
Free Cash Flow per Share Full definition →	2.69	2.39	5.03	4.30	(1.00)	5.84	19.37	11.18	(0.15)	3.39
Cash per Share Full definition →	3.45	4.28	4.52	7.48	6.48	6.06	12.30	12.74	4.74	5.21
Shareholders Equity per Share Full definition →	11.40	13.31	16.14	17.85	19.84	29.78	43.15	52.05	56.45	59.46
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	11.40	13.31	16.14	17.85	19.84	29.78	43.15	52.05	56.45	59.46
Free Cash Flow Full definition →	654.60	574.49	1,176.08	944.35	(211.02)	1,197.90	3,551.50	1,862.02	(23.50)	501.51
Working Capital Full definition →	2,216.86	2,639.82	3,013.52	3,246.33	2,999.66	4,673.65	5,605.72	4,455.53	3,280.76	4,361.92
Capital Expenditures Full definition →	(198.16)	(164.93)	(239.39)	(451.94)	(1,198.05)	(1,006.24)	(908.90)	(1,657.90)	(1,868.01)	(948.02)
Net Current Asset Value Full definition →	(716.60)	(152.32)	105.08	(101.50)	(817.50)	478.55	1,392.34	547.72	(729.86)	(1,146.42)
EV/EBIT Full definition →	14.20	11.37	4.85	8.68	11.24	3.39	3.59	6.59	10.41	19.30
Capex to Sales Full definition →	0.03	0.02	0.02	0.04	0.12	0.05	0.04	0.09	0.11	0.05
Price to Operating Income Full definition →	12.12	10.10	4.08	7.58	9.19	2.96	3.43	6.28	9.12	16.97
Other line items
Depreciation/Fixed assets Full definition →	0.11	0.11	0.11	0.10	0.08	0.07	0.07	0.07	0.06	0.06
Cash ROIC Full definition →	10.95%	8.70%	16.31%	11.38%	(2.44%)	11.45%	26.82%	13.43%	(0.18%)	3.64%
Accounts Receivable Turnover Full definition →	11.58	11.93	12.36	11.09	10.57	12.75	11.21	10.26	11.60	11.73
Accounts Payable Turnover Full definition →	18.99	17.99	18.26	16.79	12.73	12.73	14.05	14.01	14.25	14.28
Inventory Turnover Full definition →	5.31	5.69	5.62	5.04	4.62	4.85	4.85	4.90	4.91	4.61
Average Days of Payables Full definition →	22.39	22.45	21.16	20.97	34.39	35.83	23.00	26.93	24.27	28.47
Days of Inventory on Hand Full definition →	72.25	69.70	71.44	69.01	82.39	98.79	70.77	71.63	77.12	86.45
Average Receivables Full definition →	671.69	799.31	956.30	944.05	908.13	1,444.18	1,986.24	1,832.18	1,512.75	1,549.93
Average Payables Full definition →	339.28	442.32	520.10	532.05	641.40	1,025.01	1,148.90	1,052.78	1,034.12	1,105.64
Average Inventory Full definition →	1,212.30	1,397.28	1,689.26	1,774.11	1,766.30	2,687.34	3,330.55	3,012.30	3,004.18	3,426.12
Average Assets Full definition →	6,312.91	6,639.73	7,279.65	7,989.66	8,770.66	10,898.40	13,345.61	14,534.20	14,921.83	15,677.51
Average Common Equity Full definition →	2,661.29	2,986.26	3,485.53	3,848.62	4,055.43	5,149.18	7,011.53	8,291.31	8,721.17	8,781.61

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