STLD · XBRL financial data

Steel Dynamics financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (STLD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	9,601	18,409	22,261	—	—	—
Revenue from contracts with customers	9,588	18,377	21,469	18,795	17,540	18,177
Cost of goods and services sold	8,167	13,046	16,143	14,749	14,738	15,784
Gross profit	1,435	5,362	6,118	4,046	2,803	2,392
Selling, general and administrative	—	644	546	589	664	765
Operating income (loss)	847	4,301	5,092	3,151	1,943	1,476
Interest income	—	—	29	112	90	37
Interest expense	95	57	92	76	56	70
Other income (expense)	(47)	(35)	21	144	96	87
Income tax expense (benefit)	135	962	1,142	752	433	306
Net income (loss)	—	3,214	3,863	2,451	1,537	1,186
Earnings per share, basic USD per share	2.61	15.67	21.06	14.72	9.89	8.02
Earnings per share, diluted USD per share	2.59	15.56	20.92	14.64	9.84	7.99
Weighted average shares, basic millions of shares	211	205	183	167	155	148
Weighted average shares, diluted millions of shares	212	207	185	167	156	148

Fiscal years (STLD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,369	1,244	1,628	1,401	589	770
Short-term investments	0	—	628	721	148	0
Accounts receivable	968	1,911	1,976	—	—	—
Inventory	1,844	3,531	3,130	2,895	3,114	3,739
Total current assets	4,258	6,901	7,638	6,788	5,431	6,484
Property and equipment, net	4,106	4,751	5,374	6,734	8,118	8,569
Right-of-use asset	90	100	111	127	114	170
Goodwill	457	454	502	477	477	477
Total assets	9,266	12,531	14,160	14,908	14,935	16,420
Accounts payable	761	1,267	1,007	—	—	—
Accrued liabilities	179	279	341	309	367	427
Current portion of long-term debt	87	97	57	460	427	35
Total current liabilities	1,259	2,227	2,032	2,332	2,151	2,122
Long-term debt	3,016	3,009	3,013	2,611	2,804	4,177
Lease liability, non-current	73	82	92	107	94	147
Total liabilities	4,917	6,211	6,064	6,069	5,990	7,489
Retained earnings	4,759	7,761	11,376	13,546	14,798	15,689
Total stockholders' equity	4,345	6,305	8,130	8,867	8,934	8,957
Total liabilities and equity	9,266	12,531	14,160	14,908	14,935	16,420
Common shares outstanding (cover page) millions of shares	211	191	172	158	150	145

Fiscal years (STLD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	—	3,214	3,863	2,451	1,537	1,186
Stock-based compensation	56	58	59	62	67	69
Depreciation and amortization	326	348	384	438	479	551
Net cash from operating activities	987	2,204	4,460	3,520	1,845	1,450
Purchases of property and equipment	1,198	1,006	909	1,658	1,868	948
Net cash from investing activities	(993)	(999)	(1,879)	(1,970)	(1,303)	(975)
Share repurchases	107	1,061	1,801	1,452	1,212	901
Dividends paid	209	213	237	271	283	291
Net cash from financing activities	(7)	(1,329)	(2,197)	(1,777)	(1,353)	(294)
Net change in cash	(13)	(125)	385	(227)	(811)	180

SIC 3312 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3312 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Steel Dynamics	929	6,509	846	142.2M	Q3 FY26 10-QSep 30, 2026
Ati	442	1,424	155*	135.8M	Q3 FY26 10-QSep 27, 2026
Carpenter Technology	160	798	53	49.5M	Q1 FY27 10-QSep 30, 2026
Commercial Metals	779	not reported	456*	110.0M	Q4 FY26 10-KAug 31, 2026
Nucor	2,478	10,397	1,400*	226.9M	Q2 FY26 10-QJul 4, 2026

Not investment advice. Not affiliated with the U.S. SEC.