Steel Dynamics, Inc. (STLD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.2B | 4.41B | 4.83B | 4.57B | 4.37B | 3.87B | 4.34B | 4.63B | 4.69B | 4.23B | 4.59B | 5.08B | 4.89B | 4.83B | 5.65B | 6.21B | 5.57B | 5.31B | 5.09B | 4.47B |
| Revenue Growth % | 19.13% | 14% | 11.21% | -1.46% | -6.92% | -8.53% | -5.35% | -8.84% | -4.07% | -12.28% | -18.84% | -18.21% | -12.15% | -9.12% | 11.07% | 39.14% | 57.14% | 104.16% | 118.3% | 113.21% |
| Cost of Goods Sold | 4.44B | 3.89B | 4.07B | 3.95B | 3.88B | 3.43B | 3.74B | 3.86B | 3.71B | 3.5B | 3.64B | 3.77B | 3.84B | 3.84B | 4.19B | 4.33B | 3.79B | 3.55B | 3.49B | 3.27B |
| COGS % of Revenue | 85.34% | 88.17% | 84.3% | 86.45% | 88.86% | 88.59% | 86.06% | 83.27% | 79.11% | 82.74% | 79.25% | 74.28% | 78.42% | 79.54% | 74.09% | 69.69% | 68% | 66.82% | 68.54% | 73.13% |
| Gross Profit | 763.22M | 522.07M | 757.88M | 618.47M | 486.54M | 441.73M | 605.22M | 774.84M | 980.8M | 730.88M | 952.02M | 1.31B | 1.06B | 987.55M | 1.46B | 1.88B | 1.78B | 1.76B | 1.6B | 1.2B |
| Gross Margin % | 14.66% | 11.83% | 15.7% | 13.55% | 11.14% | 11.41% | 13.94% | 16.73% | 20.89% | 17.26% | 20.75% | 25.72% | 21.58% | 20.46% | 25.91% | 30.31% | 32% | 33.18% | 31.46% | 26.87% |
| Gross Profit Growth % | 56.87% | 18.19% | 25.22% | -20.18% | -50.39% | -39.56% | -36.43% | -40.71% | -7.13% | -25.99% | -34.99% | -30.61% | -40.75% | -43.95% | -8.51% | 56.99% | 122.74% | 298.38% | 446.63% | 321.79% |
| Operating Expenses | 175.22M | 211.84M | 250.12M | 235.61M | 211.4M | 204.23M | 209.78M | 215.71M | 229.82M | 212.35M | 218.47M | 243.12M | 220.76M | 228.5M | 244.59M | 265.28M | 287.65M | 332.71M | 278.58M | 243.96M |
| OpEx % of Revenue | 3.37% | 4.8% | 5.18% | 5.16% | 4.84% | 5.27% | 4.83% | 4.66% | 4.9% | 5.02% | 4.76% | 4.78% | 4.51% | 4.73% | 4.33% | 4.27% | 5.16% | 6.26% | 5.47% | 5.46% |
| Selling, General & Admin | 175.22M | 211.84M | 200.84M | 198.01M | 181.81M | 176.9M | 167.69M | 160.02M | 159.51M | 157.21M | 145.9M | 141.21M | 144.31M | 142.6M | 132.63M | 118.38M | 152.01M | 182.29M | 157.53M | 154.38M |
| SG&A % of Revenue | 3.37% | 4.8% | 4.16% | 4.34% | 4.16% | 4.57% | 3.86% | 3.45% | 3.4% | 3.71% | 3.18% | 2.78% | 2.95% | 2.95% | 2.35% | 1.91% | 2.73% | 3.43% | 3.1% | 3.46% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 588M | 310.23M | 507.76M | 382.86M | 275.14M | 237.5M | 395.44M | 559.12M | 750.98M | 518.54M | 733.55M | 1.06B | 835.36M | 759.05M | 1.22B | 1.62B | 1.49B | 1.43B | 1.32B | 955.74M |
| Operating Margin % | 11.3% | 7.03% | 10.52% | 8.39% | 6.3% | 6.13% | 9.11% | 12.07% | 16% | 12.25% | 15.99% | 20.93% | 17.07% | 15.73% | 21.58% | 26.04% | 26.84% | 26.91% | 25.98% | 21.4% |
| Operating Income Growth % | 113.71% | 30.62% | 28.4% | -31.53% | -63.36% | -54.2% | -46.09% | -47.44% | -10.1% | -31.69% | -39.87% | -34.26% | -44.12% | -46.89% | -7.73% | 69.3% | 151.58% | 452.32% | 748.25% | 501.66% |
| EBITDA | 747.28M | 456.51M | 646.24M | 515.72M | 408.9M | 363.05M | 516.49M | 676.18M | 866.23M | 630.26M | 840.97M | 1.17B | 943.05M | 861.29M | 1.32B | 1.71B | 1.58B | 1.52B | 1.41B | 1.04B |
| EBITDA Margin % | 14.36% | 10.34% | 13.38% | 11.3% | 9.36% | 9.38% | 11.9% | 14.6% | 18.45% | 14.89% | 18.33% | 23.12% | 19.27% | 17.85% | 23.33% | 27.58% | 28.41% | 28.54% | 27.7% | 23.35% |
| EBITDA Growth % | 82.75% | 25.74% | 25.12% | -23.73% | -52.8% | -42.4% | -38.58% | -42.44% | -8.15% | -26.82% | -36.22% | -31.45% | -40.4% | -43.16% | -6.45% | 64.35% | 132.33% | 340.77% | 493.18% | 338.93% |
| D&A (Non-Cash Add-back) | 159.28M | 146.28M | 138.49M | 132.87M | 133.76M | 125.55M | 121.05M | 117.05M | 115.25M | 111.72M | 107.42M | 110.97M | 107.69M | 102.24M | 98.71M | 95.7M | 87.55M | 86.28M | 87.41M | 87.05M |
| EBIT | 696.03M | 337.56M | 527.42M | 405.25M | 292.79M | 258.54M | 425.1M | 577.83M | 777.76M | 557.03M | 773.01M | 1.1B | 870.3M | 782.3M | 1.23B | 1.62B | 1.47B | 1.42B | 1.32B | 945.7M |
| Net Interest Income | -33.24M | -26.96M | -13.57M | -17.38M | -12.13M | -14.58M | -17.07M | -12.72M | -11.98M | -14.79M | -18.41M | -20.77M | -22.51M | -23.86M | -25.35M | -25.67M | -16.67M | -12.34M | -12.7M | -14.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 33.24M | 26.96M | 13.57M | 17.38M | 12.13M | 14.58M | 17.07M | 12.72M | 11.98M | 14.79M | 18.41M | 20.77M | 22.51M | 23.86M | 25.35M | 25.67M | 16.67M | 12.34M | 12.7M | 14.9M |
| Other Income/Expense | 74.79M | 375K | 6.09M | 5.01M | 5.51M | 6.46M | 12.59M | 5.99M | 14.81M | 23.7M | 21.05M | 10.58M | 12.43M | -598K | -11.37M | -21.65M | -37.14M | -20.28M | -19.48M | -24.94M |
| Pretax Income | 662.79M | 310.61M | 513.85M | 387.87M | 280.65M | 243.96M | 408.02M | 565.11M | 765.78M | 542.24M | 754.6M | 1.07B | 847.79M | 758.45M | 1.21B | 1.6B | 1.46B | 1.41B | 1.3B | 930.8M |
| Pretax Margin % | 12.73% | 7.04% | 10.64% | 8.5% | 6.42% | 6.3% | 9.4% | 12.2% | 16.31% | 12.81% | 16.45% | 21.14% | 17.33% | 15.72% | 21.38% | 25.7% | 26.17% | 26.53% | 25.6% | 20.85% |
| Income Tax | 262.69M | 46.09M | 109.92M | 86.67M | 62.98M | 34.09M | 87.13M | 133.42M | 178.28M | 115.2M | 174.82M | 258.14M | 203.46M | 119.44M | 290M | 381.76M | 350.38M | 313.15M | 302.41M | 218.59M |
| Effective Tax Rate % | 39.63% | 14.84% | 21.39% | 22.35% | 22.44% | 13.97% | 21.35% | 23.61% | 23.28% | 21.25% | 23.17% | 24.03% | 24% | 15.75% | 24% | 23.91% | 24.04% | 22.23% | 23.22% | 23.48% |
| Net Income | 403.44M | 266.03M | 403.69M | 298.73M | 217.15M | 207.29M | 317.8M | 428M | 584.04M | 424.27M | 577.2M | 812.11M | 637.31M | 634.86M | 914.33M | 1.21B | 1.1B | 1.09B | 990.76M | 702.29M |
| Net Margin % | 7.75% | 6.03% | 8.36% | 6.54% | 4.97% | 5.35% | 7.32% | 9.24% | 12.44% | 10.02% | 12.58% | 15.98% | 13.02% | 13.15% | 16.18% | 19.47% | 19.82% | 20.53% | 19.47% | 15.73% |
| Net Income Growth % | 85.79% | 28.34% | 27.02% | -30.2% | -62.82% | -51.14% | -44.94% | -47.3% | -8.36% | -33.17% | -36.87% | -32.86% | -42.27% | -41.78% | -7.72% | 72.23% | 156.43% | 480.54% | 889.35% | 830.24% |
| Net Income (Continuing) | 400.1M | 264.51M | 403.93M | 301.19M | 217.68M | 209.87M | 320.89M | 431.69M | 587.5M | 427.04M | 579.78M | 816.18M | 644.33M | 639.01M | 918.48M | 1.21B | 1.11B | 1.1B | 1B | 712.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -31.46M | -26.77M | -24.82M | -20M | 9.18M | 10.96M | -2.2M | -10.56M | -24.65M | -27.14M | -35.24M | -43.01M | -30.21M | -34.55M | -35.95M | -39.46M | 13.82M | 15.53M | 15.01M | 10.24M |
| EPS (Diluted) | 2.78 | 1.82 | 2.74 | 2.00 | 1.44 | 1.36 | 2.05 | 2.72 | 3.67 | 2.61 | 3.47 | 4.81 | 3.70 | 3.61 | 5.03 | 6.44 | 5.71 | 5.49 | 4.85 | 3.32 |
| EPS Growth % | 93.06% | 33.82% | 33.66% | -26.47% | -60.76% | -47.89% | -40.92% | -43.45% | -0.81% | -27.7% | -31.01% | -25.31% | -35.2% | -34.24% | 3.71% | 93.98% | 181.28% | 516.85% | 931.91% | 822.22% |
| EPS (Basic) | 2.79 | 1.83 | 2.75 | 2.00 | 1.45 | 1.36 | 2.06 | 2.73 | 3.68 | 2.63 | 3.49 | 4.83 | 3.71 | 3.63 | 5.07 | 6.49 | 5.74 | 5.53 | 4.89 | 3.35 |
| Diluted Shares Outstanding | 144.8M | 146.25M | 147.6M | 149.32M | 150.26M | 152.8M | 156.53M | 157.58M | 159.35M | 162.28M | 166.1M | 168.87M | 172.48M | 175.89M | 181.61M | 187.74M | 193.24M | 198.79M | 204.17M | 211.25M |
| Basic Shares Outstanding | 144.8M | 145.63M | 146.95M | 149.32M | 150.26M | 152.1M | 154.06M | 156.86M | 158.67M | 161.43M | 165.17M | 168.01M | 171.6M | 174.71M | 180.26M | 186.44M | 192.16M | 197.35M | 202.45M | 209.65M |
| Dividend Payout Ratio | 17.96% | 27.47% | 18.3% | 25% | 32.01% | 33.96% | 22.52% | 16.97% | 11.64% | 16.38% | 12.25% | 8.91% | 9.23% | 9.46% | 6.79% | 5.32% | 4.59% | 4.76% | 5.39% | 7.82% |