STLD (Steel Dynamics, Inc.) Stock Financials & Earnings | Market Cap Arena

STLD (Steel Dynamics, Inc.) Stock Financials & Earnings | Market Cap Arena

STLDSteel 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 Margin13.1%

Op. Margin8.1%

Net Margin6.5%

FCF Margin2.8%

P/S Ratio (TTM)1.5x

P/E Ratio (TTM)22.6x

YoY Rev Growth+3.6%

Employees—

Earnings Reports

Revenue & Profitability

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

Revenue Breakdown

Valuation

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

Operating 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

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

OpEx vs Revenue Growth (YoY)

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%

Stock-Based Compensation

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%

OpEx Breakdown

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

Revenue Segments

Quarter	Metals Recycling and Ferrous Resources Operations	Steel Fabrication Operations	Steel Operations
Q1 25	$1.1B	$352M	$3.2B

Revenue by Geography

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

War Chest

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

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%

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