Steel Dynamics, Inc. (STLD) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	20.5B	18.2B	17.5B	18.8B	22.3B
Cost of Revenue	17.5B	15.8B	14.7B	14.7B	16.1B
Gross Profit	3.0B	2.4B	2.8B	4.0B	6.1B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	781.4M	888.3M	664.1M	588.6M	545.6M
General & Admin Expense	200.8M	—	—	—	545.6M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	49.3M	—	195.4M	306.1M	480.4M
Total Operating Expenses	830.6M	888.3M	859.5M	894.7M	1.0B
Cost and Expenses	18.4B	16.7B	15.6B	15.6B	17.2B
Operating Income (EBIT)	2.2B	1.5B	1.9B	3.2B	5.1B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	112.9M	70.0M	56.3M	76.5M	91.5M
Net Interest Income	(112.9M)	(70.0M)	(56.3M)	(76.5M)	(91.5M)
Other Non-Op Income/Expense	3.1M	17.0M	39.8M	67.8M	(70.8M)
Non-Operating Income (excl Interest)	(194.1M)	(87.0M)	(96.2M)	(144.2M)	(20.8M)
EBT (Pre-Tax Income)	2.2B	1.5B	2.0B	3.2B	5.0B
Income Tax Expense	572.0M	305.7M	432.9M	751.6M	1.1B
Bottom Line
Net Income	1.6B	1.2B	1.5B	2.5B	3.9B
Earnings from Cont. Ops	1.6B	1.2B	1.5B	2.5B	3.9B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	1.6B	1.2B	1.5B	2.5B	3.9B
Per Share
Basic EPS	$11.07	$8.02	$9.89	$14.72	$21.06
Diluted EPS	$11.03	$7.99	$9.84	$14.64	$20.92
Revenue Per Share	$142.24	$122.98	$112.86	$112.85	$121.38
Shares
Basic Shares Outstanding	144.4M	147.8M	155.4M	166.6M	183.4M
Diluted Shares Outstanding	144.4M	148.4M	156.1M	167.4M	184.6M
Profitability Metrics
EBITDA	3.0B	2.1B	2.5B	3.7B	5.5B
D&A	603.3M	551.4M	478.9M	437.8M	384.2M
EBIT	2.4B	1.6B	2.0B	3.3B	5.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026