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Steel Dynamics (STLD) | Financial Analysis & Statements

Steel Dynamics Inc. | Large-cap | Basic Materials

$123.02

0.78%

Steel Dynamics vs Nucor Steel Dynamics vs ArcelorMittal S.A Steel Dynamics vs Reliance Steel Dynamics vs United States Steel Steel Dynamics vs Commercial Metals Steel Dynamics vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 4.4B

Gross Profit 486.5M 11.14%

Operating Income 297.8M 6.82%

Net Income 217.7M 4.98%

EPS (Diluted) $1.44

Balance Sheet Metrics

Total Assets 15.9B

Total Liabilities 7.1B

Shareholders Equity 8.8B

Debt to Equity 0.80

Cash Flow Metrics

Operating Cash Flow 350.0M

Free Cash Flow -152.9M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Steel Dynamics Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	17.5B	18.8B	22.3B	18.4B	9.6B
Cost of Goods Sold i	14.7B	14.7B	16.1B	13.0B	8.2B
Gross Profit i	2.8B	4.0B	6.1B	5.4B	1.4B
Gross Margin % i	16.0%	21.5%	27.5%	29.1%	14.9%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	664.1M	588.6M	545.6M	644.0M	477.4M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	664.1M	588.6M	545.6M	644.0M	477.4M
Operating Income i	2.1B	3.4B	5.5B	4.7B	928.3M
Operating Margin % i	12.0%	18.2%	24.9%	25.5%	9.7%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	56.3M	76.5M	91.5M	57.2M	94.9M
Other Non-Operating Income	-68.7M	-127.8M	-431.8M	-422.9M	-127.9M
Pre-tax Income i	2.0B	3.2B	5.0B	4.2B	705.5M
Income Tax i	432.9M	751.6M	1.1B	962.3M	134.6M
Effective Tax Rate % i	21.8%	23.3%	22.7%	22.9%	19.1%
Net Income i	1.5B	2.5B	3.9B	3.2B	570.8M
Net Margin % i	8.8%	13.1%	17.4%	17.6%	5.9%
Key Metrics
EBITDA i	2.5B	3.7B	5.5B	4.6B	1.1B
EPS (Basic) i	$9.89	$14.72	$21.06	$15.67	$2.61
EPS (Diluted) i	$9.84	$14.64	$20.92	$15.56	$2.59
Basic Shares Outstanding i	155420000	166552000	183393000	205115000	211140000
Diluted Shares Outstanding i	155420000	166552000	183393000	205115000	211140000

Income Statement Trend

Steel Dynamics Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	589.5M	1.4B	1.6B	1.2B	1.4B
Short-term Investments i	147.8M	721.2M	628.2M	0	0
Accounts Receivable i	1.4B	1.6B	2.1B	1.9B	971.9M
Inventory i	3.1B	2.9B	3.1B	3.5B	1.8B
Other Current Assets	163.1M	162.8M	195.4M	209.6M	74.4M
Total Current Assets i	5.4B	6.8B	7.6B	6.9B	4.3B
Non-Current Assets
Property, Plant & Equipment i	-	-	-	-	-
Goodwill i	1.2B	1.2B	1.3B	1.2B	1.2B
Intangible Assets i	227.2M	257.8M	267.5M	295.3M	324.6M
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	681.2M	651.1M	378.7M	129.6M	119.7M
Total Non-Current Assets i	9.5B	8.1B	6.5B	5.6B	5.0B
Total Assets i	14.9B	14.9B	14.2B	12.5B	9.3B
Liabilities
Current Liabilities
Accounts Payable i	979.9M	1.1B	1.0B	1.3B	769.5M
Short-term Debt i	427.0M	460.0M	57.3M	97.2M	86.9M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	2.2B	2.3B	2.0B	2.2B	1.3B
Non-Current Liabilities
Long-term Debt i	2.8B	2.6B	3.0B	3.0B	3.0B
Deferred Tax Liabilities i	902.2M	944.8M	889.1M	854.9M	536.3M
Other Non-Current Liabilities	133.2M	180.8M	129.5M	120.1M	106.5M
Total Non-Current Liabilities i	3.8B	3.7B	4.0B	4.0B	3.7B
Total Liabilities i	6.0B	6.1B	6.1B	6.2B	4.9B
Equity
Common Stock i	652.0K	651.0K	650.0K	649.0K	648.0K
Retained Earnings i	14.8B	13.5B	11.4B	7.8B	4.8B
Treasury Stock i	7.1B	5.9B	4.5B	2.7B	1.6B
Other Equity	-	-	-	-	-
Total Shareholders Equity i	8.9B	8.8B	8.1B	6.3B	4.3B
Key Metrics
Total Debt i	3.2B	3.1B	3.1B	3.1B	3.1B
Working Capital i	3.3B	4.5B	5.6B	4.7B	3.0B

Balance Sheet Composition

Steel Dynamics Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	1.5B	2.5B	3.9B	3.2B	570.8M
Depreciation & Amortization i	478.9M	437.8M	384.2M	347.7M	325.8M
Stock-Based Compensation i	66.6M	61.7M	59.2M	57.7M	55.6M
Working Capital Changes i	-100.8M	681.9M	38.4M	-2.2B	-49.0M
Operating Cash Flow i	1.9B	3.7B	4.4B	1.8B	982.0M
Investing Activities
Capital Expenditures i	-1.9B	-1.7B	-908.9M	-1.0B	-1.2B
Acquisitions i	0	0	-356.6M	0	-60.0M
Investment Purchases i	-739.3M	-1.1B	-927.6M	0	-149.4M
Investment Sales i	1.3B	1.1B	298.0M	0	411.5M
Investing Cash Flow i	-1.3B	-2.0B	-1.9B	-999.4M	-993.3M
Financing Activities
Share Repurchases i	-1.2B	-1.5B	-1.8B	-1.1B	-106.5M
Dividends Paid i	-282.6M	-271.3M	-237.2M	-213.0M	-209.2M
Debt Issuance i	-	-	-	-	2.5B
Debt Repayment i	-2.3B	-1.4B	-1.5B	-1.5B	-2.2B
Financing Cash Flow i	-3.7B	-3.1B	-3.7B	-2.9B	338.8M
Free Cash Flow i	-23.5M	1.9B	3.6B	1.2B	-211.0M
Net Change in Cash i	-3.0B	-1.4B	-1.2B	-2.1B	327.5M

Cash Flow Trend

Steel Dynamics Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 17.61

Forward P/E 12.09

Price to Book 2.03

Price to Sales 1.05

PEG Ratio 12.09

Profitability Ratios

Profit Margin 6.07%

Operating Margin 8.39%

Return on Equity 11.69%

Return on Assets 5.27%

Financial Health

Current Ratio 3.13

Debt to Equity 42.75

Beta 1.39

Per Share Data

EPS (TTM) $6.89

Book Value per Share $59.74

Revenue per Share $113.41

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
stld	18.0B	17.61	2.03	11.69%	6.07%	42.75
Nucor	31.6B	24.55	1.55	7.30%	4.21%	32.02
ArcelorMittal S.A	26.0B	21.32	0.50	2.25%	1.98%	22.60
Reliance	15.0B	20.61	2.07	9.96%	5.39%	23.91
United States Steel	12.4B	148.22	1.10	0.86%	0.64%	37.33
Commercial Metals	5.8B	173.23	1.42	0.88%	0.48%	32.80

Financial data is updated regularly. All figures are in the company's reporting currency.