InsiderClue
Stocks · Materials · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Steel Dynamics

STLD Clue Score36
United States Fiscal year ends December CIK 0001022671
$238.38 +1.80% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $238.38 +292.59% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.61Operating income0.73Net income0.36EPS, diluted1.56Fiscal year 2017Revenue9.36 +23.1%Operating income1.07Net income0.81 +123.8%EPS, diluted3.36 +115.4%Fiscal year 2018Revenue11.80 +26.0%Operating income1.72Net income1.26 +55.8%EPS, diluted5.35 +59.2%Fiscal year 2019Revenue10.45 −11.4%Operating income0.99Net income0.68 −46.0%EPS, diluted3.04 −43.2%Fiscal year 2020Revenue9.59 −8.3%Operating income0.85Net income0.57 −15.8%EPS, diluted2.59 −14.8%Fiscal year 2021Revenue18.41 +92.0%Operating income4.30Net income3.21 +463.1%EPS, diluted15.56 +500.8%Fiscal year 2022Revenue22.26 +20.9%Operating income5.09Net income3.86 +20.2%EPS, diluted20.92 +34.4%Fiscal year 2023Revenue18.80 −15.6%Operating income3.15Net income2.45 −36.5%EPS, diluted14.64 −30.0%Fiscal year 2024Revenue17.54 −6.7%Operating income1.94Net income1.54 −37.3%EPS, diluted9.84 −32.8%Fiscal year 2025Revenue18.18 +3.6%Operating income1.48Net income1.19 −22.9%EPS, diluted7.99 −18.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.61 9.36 11.80 10.45 9.59 18.41 22.26 18.80 17.54 18.18
Growth +23.1% +26.0% −11.4% −8.3% +92.0% +20.9% −15.6% −6.7% +3.6%
Operating income 0.73 1.07 1.72 0.99 0.85 4.30 5.09 3.15 1.94 1.48
Net income 0.36 0.81 1.26 0.68 0.57 3.21 3.86 2.45 1.54 1.19
Growth +123.8% +55.8% −46.0% −15.8% +463.1% +20.2% −36.5% −37.3% −22.9%
EPS, diluted 1.56 3.36 5.35 3.04 2.59 15.56 20.92 14.64 9.84 7.99
Growth +115.4% +59.2% −43.2% −14.8% +500.8% +34.4% −30.0% −32.8% −18.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin17.5%Operating margin9.6%Net margin4.7%Free cash flow margin8.6%Fiscal year 2017Gross margin16.9%Operating margin11.4%Net margin8.6%Free cash flow margin6.1%Fiscal year 2018Gross margin19.7%Operating margin14.6%Net margin10.6%Free cash flow margin10.0%Fiscal year 2019Gross margin14.6%Operating margin9.4%Net margin6.5%Free cash flow margin9.0%Fiscal year 2020Gross margin15.0%Operating margin8.8%Net margin6.0%Free cash flow margin−2.2%Fiscal year 2021Gross margin29.1%Operating margin23.4%Net margin17.5%Free cash flow margin6.5%Fiscal year 2022Gross margin27.5%Operating margin22.9%Net margin17.4%Free cash flow margin16.0%Fiscal year 2023Gross margin21.5%Operating margin16.8%Net margin13.0%Free cash flow margin9.9%Fiscal year 2024Gross margin16.0%Operating margin11.1%Net margin8.8%Free cash flow margin−0.1%Fiscal year 2025Gross margin13.2%Operating margin8.1%Net margin6.5%Free cash flow margin2.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 17.5% 16.9% 19.7% 14.6% 15.0% 29.1% 27.5% 21.5% 16.0% 13.2%
Operating margin 9.6% 11.4% 14.6% 9.4% 8.8% 23.4% 22.9% 16.8% 11.1% 8.1%
Net margin 4.7% 8.6% 10.6% 6.5% 6.0% 17.5% 17.4% 13.0% 8.8% 6.5%
Free cash flow margin 8.6% 6.1% 10.0% 9.0% −2.2% 6.5% 16.0% 9.9% −0.1% 2.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.85Capital expenditure−0.20Free cash flow0.65Buybacks−0.03Dividends paid−0.14Fiscal year 2017Operating cash flow0.74Capital expenditure−0.16Free cash flow0.57 −12.2%Buybacks−0.25Dividends paid−0.15Fiscal year 2018Operating cash flow1.42Capital expenditure−0.24Free cash flow1.18 +104.7%Buybacks−0.52Dividends paid−0.17Fiscal year 2019Operating cash flow1.40Capital expenditure−0.45Free cash flow0.94 −19.7%Buybacks−0.35Dividends paid−0.20Fiscal year 2020Operating cash flow0.99Capital expenditure−1.20Free cash flow−0.21 −122.3%Buybacks−0.11Dividends paid−0.21Fiscal year 2021Operating cash flow2.20Capital expenditure−1.01Free cash flow1.20Buybacks−1.06Dividends paid−0.21Fiscal year 2022Operating cash flow4.46Capital expenditure−0.91Free cash flow3.55 +196.5%Buybacks−1.80Dividends paid−0.24Fiscal year 2023Operating cash flow3.52Capital expenditure−1.66Free cash flow1.86 −47.6%Buybacks−1.45Dividends paid−0.27Fiscal year 2024Operating cash flow1.84Capital expenditure−1.87Free cash flow−0.02 −101.3%Buybacks−1.21Dividends paid−0.28Fiscal year 2025Operating cash flow1.45Capital expenditure−0.95Free cash flow0.50Buybacks−0.90Dividends paid−0.29
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.85 0.74 1.42 1.40 0.99 2.20 4.46 3.52 1.84 1.45
Capital expenditure −0.20 −0.16 −0.24 −0.45 −1.20 −1.01 −0.91 −1.66 −1.87 −0.95
Free cash flow 0.65 0.57 1.18 0.94 −0.21 1.20 3.55 1.86 −0.02 0.50
Growth −12.2% +104.7% −19.7% −122.3% +196.5% −47.6% −101.3%
Buybacks −0.03 −0.25 −0.52 −0.35 −0.11 −1.06 −1.80 −1.45 −1.21 −0.90
Dividends paid −0.14 −0.15 −0.17 −0.20 −0.21 −0.21 −0.24 −0.27 −0.28 −0.29

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.84Total debt2.36Net cash (debt)−1.52Shareholders’ equity2.93Debt to equity0.81Fiscal year 2017Cash1.03Total debt2.38Net cash (debt)−1.35Shareholders’ equity3.35Debt to equity0.71Fiscal year 2018Cash0.83Total debt2.38Net cash (debt)−1.55Shareholders’ equity3.94Debt to equity0.60Fiscal year 2019Cash1.38Total debt2.73Net cash (debt)−1.35Shareholders’ equity4.08Debt to equity0.67Fiscal year 2020Cash1.37Total debt3.10Net cash (debt)−1.73Shareholders’ equity4.35Debt to equity0.71Fiscal year 2021Cash1.24Total debt3.11Net cash (debt)−1.86Shareholders’ equity6.30Debt to equity0.49Fiscal year 2022Cash1.63Total debt3.07Net cash (debt)−1.44Shareholders’ equity8.13Debt to equity0.38Fiscal year 2023Cash1.40Total debt3.07Net cash (debt)−1.67Shareholders’ equity8.87Debt to equity0.35Fiscal year 2024Cash0.59Total debt3.23Net cash (debt)−2.64Shareholders’ equity8.93Debt to equity0.36Fiscal year 2025Cash0.77Total debt4.21Net cash (debt)−3.44Shareholders’ equity8.96Debt to equity0.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.84 1.03 0.83 1.38 1.37 1.24 1.63 1.40 0.59 0.77
Total debt 2.36 2.38 2.38 2.73 3.10 3.11 3.07 3.07 3.23 4.21
Net cash (debt) −1.52 −1.35 −1.55 −1.35 −1.73 −1.86 −1.44 −1.67 −2.64 −3.44
Shareholders’ equity 2.93 3.35 3.94 4.08 4.35 6.30 8.13 8.87 8.93 8.96
Debt to equity 0.81 0.71 0.60 0.67 0.71 0.49 0.38 0.35 0.36 0.47

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.5% 16.9% 19.7% 14.6% 15.0% 29.1% 27.5% 21.5% 16.0% 13.2%
9.6% 11.4% 14.6% 9.4% 8.8% 23.4% 22.9% 16.8% 11.1% 8.1%
7.4% 10.0% 13.7% 8.4% 7.4% 22.9% 22.6% 17.1% 11.3% 8.2%
4.7% 8.6% 10.6% 6.5% 6.0% 17.5% 17.4% 13.0% 8.8% 6.5%
8.6% 6.1% 10.0% 9.0% −2.2% 6.5% 16.0% 9.9% −0.1% 2.8%
Spending
6.2% 5.5% 5.1% n/a n/a 3.5% 2.5% 3.1% 3.8% 4.2%
2.6% 1.8% 2.0% 4.3% 12.5% 5.5% 4.1% 8.8% 10.6% 5.2%
36.2% 13.8% 22.5% 22.6% 19.1% 22.9% 22.7% 23.3% 21.8% 20.5%
Returns
12.3% 24.0% 31.9% 16.6% 13.1% 51.0% 47.5% 27.6% 17.2% 13.2%
5.6% 11.8% 16.3% 8.2% 6.2% 25.6% 27.3% 16.4% 10.3% 7.2%
Balance and payout
0.81 0.71 0.60 0.67 0.71 0.49 0.38 0.35 0.36 0.47
55.0% 51.8% 49.5% 50.9% 53.1% 49.6% 42.8% 40.7% 40.1% 45.6%
37.7% 18.1% 13.5% 29.5% 36.7% 6.6% 6.1% 11.1% 18.4% 24.6%
24.6% 69.2% 58.9% 58.1% n/a 106.3% 57.4% 92.6% n/a 237.7%