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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 only
13 YEARS OF DIVIDEND GROWTH
$18.2B
▲ 3.6% YoY
$1.2B
▼ 22.9% YoY
$501.5M
In brief

What this company does

Steel Dynamics, Inc. manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and deck products. Our steel operations consist of electric arc furnace steel mills that produce steel from ferrous scrap and scrap substitutes using continuous casting and automated rolling mills, along with steel coating, processing and warehouse operations, and sell directly to end users, steel processors, steel fabricators and service centers. Metals Recycling operations include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and scrap management services. Our steel fabrication operations consist of seven New Millennium Building Systems plants that serve the non-residential construction industry throughout the United States. Our aluminum operations consist of a 650,000-metric-ton recycled aluminum flat rolled products mill in Columbus, Mississippi, two 150,000-metric-ton satellite recycled aluminum slab centers in Central Mexico and the southwestern United States, and an ancillary recycled aluminum deox-rod facility. Steel Dynamics, Inc. was co-founded by Mark D. Millett in 1993.

Written from the business description in Steel Dynamics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 18.2B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 18.2 · Net income 1.2
8B16B2007201020132016201920222025
Compound annual growth
−6.5%
+13.6%
+9.1%
+7.3%
−32.5%
−27.4%
+25.3%
+18.3%
+13.7%
+14.9%
+13.8%
+13.5%
−16.4%
+30.4%
+25.0%
+21.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.1% · Net 6.5%
10%20%2007201020132016201920222025
ROE
FY2025 · ROE 13.3%
20%40%60%2007201020132016201920222025

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

Cash & shareholders
USD 1.2B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.5
2B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.3 · Net buybacks 0.9
0.8B1.6BDividendsNet buybacks2007201020132016201920222025

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.

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.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B18.217.518.822.318.49.610.511.89.57.87.68.87.47.38.06.34.08.14.4
Operating income $B1.51.93.25.14.30.81.01.71.10.7−0.10.30.40.40.60.40.10.80.7
EBITDA $B2.02.43.65.54.61.21.32.01.41.00.20.60.60.60.80.60.31.1·
Income tax $B0.30.40.81.11.00.10.20.40.10.2−0.10.10.10.10.20.1−0.00.30.2
Net income $B1.21.52.53.93.20.60.71.30.80.4−0.10.10.20.10.30.1−0.00.50.4
Free cash flow $B0.5−0.01.93.61.2−0.20.91.20.60.70.90.50.10.20.30.00.10.40.0
EPS, diluted $7.999.8414.6420.9215.562.593.045.353.361.56−0.540.670.830.731.220.64−0.042.382.01
Dividend / sh $2.001.841.701.361.041.000.960.750.620.560.550.460.440.400.400.300.330.400.30
Payout %25181167··········46−8391514
ROE %13.317.328.853.560.4··········6.9−0.528.4·
Shares out B0.140.150.160.170.190.210.210.230.240.240.240.240.220.220.220.220.220.18·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Listed onNASDAQ
Incorporated inIndiana
Fiscal year endsDecember 31
Data on record since2007

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