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STLD (Steel Dynamics, Inc.) Stock Financials & Earnings | Market Cap Arena
STLD
Steel Dynamics, Inc.
Mkt Cap
$27B
Basic Materials
·
Steel
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$18.2B
Net Income (TTM)
$1.2B
EPS (TTM)
$8.00
Free Cash Flow (TTM)
$502M
Gross Margin
13.1%
Op. Margin
8.1%
Net Margin
6.5%
FCF Margin
2.8%
P/S Ratio (TTM)
1.5x
P/E Ratio (TTM)
22.6x
YoY Rev Growth
+3.6%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4.9B
$1.1B
$835M
Q2 23
$5.1B
$1.3B
$1.1B
Q3 23
$4.6B
$952M
$734M
Q4 23
$4.2B
$731M
$519M
Q1 24
$4.7B
$981M
$751M
Q2 24
$4.6B
$775M
$559M
Q3 24
$4.3B
$605M
$395M
Q4 24
$3.9B
$442M
$238M
Q1 25
$4.4B
$487M
$275M
Q2 25
$4.6B
$618M
$383M
Q3 25
$4.8B
$758M
$508M
Q4 25
$4.4B
$522M
$310M
marketcaparena.com
Revenue Breakdown
STLD
Steel Dynamics, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.2x
7.9x
Q2 23
1.3x
8.9x
Q3 23
1.4x
10.0x
Q4 23
1.4x
10.9x
Q1 24
1.4x
11.2x
Q2 24
1.5x
13.3x
Q3 24
1.5x
15.2x
Q4 24
1.5x
17.4x
Q1 25
1.6x
22.9x
Q2 25
1.6x
25.7x
Q3 25
1.5x
23.7x
Q4 25
1.5x
22.6x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$734M
$507M
Q2 23
$808M
$450M
Q3 23
$1.1B
$555M
Q4 23
$865M
$350M
Q1 24
$355M
-$19M
Q2 24
$383M
-$37M
Q3 24
$760M
$138M
Q4 24
$347M
-$106M
Q1 25
$153M
-$153M
Q2 25
$302M
$13M
Q3 25
$723M
$557M
Q4 25
$273M
$84M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$226M
Q2 23
$358M
Q3 23
$558M
Q4 23
$515M
Q1 24
$374M
Q2 24
$419M
Q3 24
$621M
Q4 24
$453M
Q1 25
$306M
Q2 25
$288M
Q3 25
$166M
Q4 25
$188M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-12.1%
-0.4%
Q2 23
-18.2%
-12.6%
Q3 23
-18.8%
-13.0%
Q4 23
-12.3%
-8.7%
Q1 24
-4.1%
-2.8%
Q2 24
-8.8%
+1.4%
Q3 24
-5.4%
+2.4%
Q4 24
-8.5%
-2.2%
Q1 25
-6.9%
+3.8%
Q2 25
-1.5%
+2.7%
Q3 25
+11.2%
+9.5%
Q4 25
+14.0%
+12.9%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$16M
0.3%
Q2 23
$12M
0.2%
Q3 23
$12M
0.3%
Q4 23
$22M
0.5%
Q1 24
$16M
0.3%
Q2 24
$13M
0.3%
Q3 24
$13M
0.3%
Q4 24
$25M
0.6%
Q1 25
$17M
0.4%
Q2 25
$14M
0.3%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
$144M
—
Q2 23
$141M
—
Q3 23
$146M
—
Q4 23
—
$157M
Q1 24
—
$160M
Q2 24
$160M
—
Q3 24
$168M
—
Q4 24
—
$177M
Q1 25
—
$182M
Q2 25
$198M
—
Q3 25
$201M
—
Q4 25
—
$212M
marketcaparena.com
Revenue Segments
Metals Recycling and Ferrous Resources Operations
Steel Fabrication Operations
Steel Operations
Quarter
Metals Recycling and Ferrous Resources Operations
Steel Fabrication Operations
Steel Operations
Q1 25
$1.1B
$352M
$3.2B
marketcaparena.com
Revenue by Geography
Non Us
U [S]
Quarter
Non Us
U [S]
Q1 23
$442M
$4.5B
Q2 23
$550M
$4.5B
Q3 23
$471M
$4.1B
Q4 23
$364M
$3.9B
Q1 24
$416M
$4.3B
Q2 24
$390M
$4.2B
Q3 24
$353M
$4.0B
Q4 24
$307M
$3.6B
Q1 25
$327M
$4.0B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.6B
$715M
$2.3B
Q2 23
$1.5B
$612M
$2.1B
Q3 23
$1.8B
$501M
$2.3B
Q4 23
$1.4B
$721M
$2.1B
Q1 24
$1.0B
$653M
$1.7B
Q2 24
$830M
$418M
$1.2B
Q3 24
$1.0B
$645M
$1.7B
Q4 24
$589M
$148M
$737M
Q1 25
$1.2B
$20M
$1.2B
Q2 25
$458M
$40M
$498M
Q3 25
$770M
$0
$770M
Q4 25
$770M
$0
$770M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
172M
-1.9%
Q2 23
169M
-2.1%
Q3 23
166M
-1.6%
Q4 23
162M
-2.3%
Q1 24
159M
-1.8%
Q2 24
158M
-1.1%
Q3 24
157M
-0.7%
Q4 24
153M
-2.4%
Q1 25
150M
-1.7%
Q2 25
149M
-0.6%
Q3 25
148M
-1.2%
Q4 25
146M
-0.9%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$1M
8K
FY 15
$1M
8K
FY 16
$1M
8K
FY 17
$1M
8K
FY 18
$1M
8K
FY 19
$1M
8K
FY 20
$998K
10K
FY 21
$2M
11K
FY 22
$2M
12K
FY 23
$1M
13K
FY 24
$1M
13K
FY 25
$1M
13K
marketcaparena.com