ES
MARKETS / NASDAQ / STLD
NASDAQ · STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS) · LARGE CAP

Steel Dynamics, Inc. STLD

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY13 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$18.2B
▲ 3.6% vs FY2024
Dividend streak
13 yrs
Raised every year since 2013
EPS · FY25
$7.99
Dividend / sh · FY25
$2.00
Payout · FY25
25%
ROE · FY25
13.3%
Net margin · FY25
6.5%
Dividend coverage
4.0×
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Result
USD 18.2B
Revenue, FY2025 · full 19-year series below
Revenue Net income
8162418.21.22007201020132016201920222025
8162418.21.22016201920222025

7 cents of every revenue dollar became profit this year.

Per share
USD 7.99
Diluted EPS, FY2025
EPS Dividend
816242.007.992007201020132016201920222025
816242.007.992016201920222025

Earnings covered the dividend 4.0 times — the rest stayed in the company.

Profitability
13.3%
Return on equity, FY2025
ROE
2040608013.3%2007201020132016201920222025
2040608013.3%2016201920222025
Operating margin8.1%
Net margin6.5%
Return on assets7.6%

Each USD of equity produced 13 cents of profit this year.

Returned to shareholders
USD 1.2B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 291.2M
Net buybacksUSD 900.9M
Share of profit100.5%
Consecutive raises13 years

USD 291.2M in dividends and USD 900.9M in buybacks — 101% of the year's profit, so the payout drew on cash built up earlier.

Growth
+13.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−6.5%
+13.6%
+9.1%
+7.3%
Net income
−32.5%
+15.7%
+15.9%
EPS, diluted
−27.4%
+25.3%
+18.3%
Dividend / share
+13.7%
+14.9%
+13.8%
+13.5%
Returned to shareholders
−16.4%
+30.4%
+25.0%
+21.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.14B
Shares outstanding, FY2025
0.180.142007201020132016201920222025
0.240.142016201920222025
Change, 5 years−31.3%
Change, 10 years−40.4%

The share count shrank 31% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 16.4B
total assets, end of FY2025
Total assetsUSD 16.4B
EquityUSD 9.0B
CashUSD 769.9M
Gross debtUSD 4.2B
Net debtUSD 3.4B
Current ratio3.06×

Net debt stands at 38% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
18.2
17.5
18.8
22.3
18.4
9.6
10.5
11.8
9.5
7.8
7.6
8.8
7.4
7.3
8.0
6.3
4.0
8.1
4.4
Operating income $B
1.5
1.9
3.2
5.1
4.3
0.8
1.0
1.7
1.1
0.7
−0.1
0.3
0.4
0.4
0.6
0.4
0.1
0.8
0.7
EBITDA $B
2.0
2.4
3.6
5.5
4.6
1.2
1.3
2.0
1.4
1.0
0.2
0.6
0.6
0.6
0.8
0.6
0.3
1.1
·
Income tax $B
0.3
0.4
0.8
1.1
1.0
0.1
0.2
0.4
0.1
0.2
−0.1
0.1
0.1
0.1
0.2
0.1
−0.0
0.3
0.2
Net income $B
1.2
1.5
2.5
3.9
3.2
0.6
0.7
1.3
0.8
0.4
−0.1
0.1
0.2
0.1
0.3
0.1
−0.0
0.5
0.4
EPS, diluted $
7.99
9.84
14.64
20.92
15.56
2.59
3.04
5.35
3.36
1.56
−0.54
0.67
0.83
0.73
1.22
0.64
−0.04
2.38
2.01
Dividend / sh $
2.00
1.84
1.70
1.36
1.04
1.00
0.96
0.75
0.62
0.56
0.55
0.46
0.44
0.40
0.40
0.30
0.33
0.40
0.30
Payout %
25
18
11
6
7
37
30
13
18
38
−88
115
58
62
31
50
−623
15
14
ROE %
13.3
17.3
28.8
53.5
60.4
13.6
16.9
34.5
25.7
12.8
−5.2
3.4
6.7
6.1
12.1
6.4
−0.6
28.4
·
Shares out B
0.14
0.15
0.16
0.17
0.19
0.21
0.21
0.23
0.24
0.24
0.24
0.24
0.22
0.22
0.22
0.22
0.22
0.18
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
74 of 74
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed