Steel Dynamics, Inc.

STLDCIK 000102267119 fiscal years

RevenueFY2025

$18.18B3.6%

Net incomeFY2025

$1.19B22.9%

Free cash flowFY2025

$501.5M2,233.8%

Diluted EPSFY2025

$7.9918.8%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 4.1× since FY2007 · net margin 9.0% → 6.5%

MarginsNet marginFCF margin

FY2025: net 6.5% · free cash flow 2.8% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $1.45B operating cash − $948.0M capex = $501.5M free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 29% (FY2008) → 13% (FY2025) · on assets 7.2%

Balance sheetLiabilitiesEquity

FY2025: $16.42B assets · $7.49B liabilities · $8.96B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	18,177	17,540	18,795	22,261	18,409	9,588	10,451	11,802	9,364	7,607	7,594	8,756
Net income	1,186	1,537	2,451	3,863	3,214	551	671	1,258	813	382	(130)	157
Diluted EPS	7.99	9.84	14.64	20.92	15.56	2.59	3.04	5.35	3.36	1.56	(0.54)	0.67
Diluted shares	148	156	167	185	207	212	221	235	242	245	242	242
Operating cash flow	1,450	1,845	3,520	4,460	2,204	987	1,396	1,415	739	853	1,054	628
Capital expenditures	948	1,868	1,658	909	1,006	1,198	452	239	165	198	115	112
Free cash flow	502	(24)	1,862	3,552	1,198	(211)	944	1,176	574	655	939	516
Cash & equivalents	770	589	1,401	1,628	1,244	1,369	1,381	828	1,029	841	727	361
Total assets	16,420	14,935	14,908	14,160	12,531	9,266	8,276	7,704	6,856	6,424	6,202	7,233
Total liabilities	7,489	5,990	6,069	6,064	6,211	4,917	4,211	3,816	3,549	3,535	3,531	4,311
Shareholders' equity	8,957	8,934	8,867	8,130	6,305	4,345	4,076	3,935	3,352	2,927	2,680	2,913

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology