NASDAQ:STLD
Steel Dynamics Inc.
Steel Dynamics Inc.'s revenue grew 3.6% in fiscal 2025 to $18.2B while operating margin fell to 8.1%, its lowest in 10 years. Free cash flow was $501.5M, 2.8% of revenue, and the diluted share count fell 5.0%.Summary generated from Steel Dynamics Inc.'s SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$18.2B
Revenue growth+3.6%
Revenue, 5-yr CAGR+13.6%
Gross margin13.2%
Operating margin8.1%
Net margin6.5%
ROIC9.8%
Return on equity13.3%
Debt / equity0.47
Free cash flow$501.5M
FCF margin2.8%
Share count change−5.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 18.4 | 22.3 | 18.8 | 17.5 | 18.2 |
| Operating income | 4.3 | 5.1 | 3.2 | 1.9 | 1.5 |
| Net income | 3.2 | 3.9 | 2.5 | 1.5 | 1.2 |
| Free cash flow | 1.2 | 3.6 | 1.9 | −0.0 | 0.5 |
Recent filings
- 4Insider transaction report
Oct 9, 2026 - 4Insider transaction report
Oct 9, 2026 - 8-KRegulation FD disclosure
Sep 18, 2026 - 8-K/AAmended director or officer change
Aug 18, 2026 - 8-KOther events
Aug 14, 2026 - 8-KDirector or officer change
Aug 4, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 28, 2026 - 8-KResults of operations and financial condition
Jul 21, 2026