STLDSteel Dynamics, Inc.

$27B

Q4 2025 Earnings

Basic Materials Steel

Income Statement

Revenue

$4.4B+14.0% YoY

Gross Profit

$522M11.8% margin

Operating Income

$310M7.0% margin

Net Income

$266M6.0% margin

EPS (Diluted)

$1.82

QoQ Revenue Growth

-8.6%

Cash Flow

Operating Cash Flow

$273M

Free Cash Flow

$84M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$16.4B

Total Liabilities

$7.5B

Stockholders' Equity

$9.0B

Cash & Equivalents

$770M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.4B	$3.9B	+14.0%
Gross Profit	$522M	$442M	+18.2%
Operating Income	$310M	$238M	+30.6%
Net Income	$266M	$207M	+28.3%

Revenue Segments

Steel Operations

$6.9B71%

Metals Recycling and Ferrous Resources Operations

$2.1B22%

Steel Fabrication Operations

$726M7%

Geographic Segments

U [S]

$8.7B100%

STLD Q4 2025 Earnings — Steel Dynamics, Inc. Revenue & Financial Results | Market Cap Arena