# Steel Dynamics Inc: overview

STLD · Nasdaq · CIK 1022671 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/stld.md) · [Financials](/companies/stld/financials.md) · [Filings](/companies/stld/filings.md) · [Insiders](/companies/stld/insiders.md)

Latest reported revenue: [$6.51bn](/filings/0001104659-26-118461.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 23, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-118461).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,872 d](/filings/0001104659-26-021395.md) | [4,369](/filings/0001104659-26-049415.md) | [4,565](/filings/0001104659-26-087414.md) | [4,828](/filings/0001104659-26-118461.md) | [4,414 d](/filings/0001104659-26-021395.md) | [5,205](/filings/0001104659-26-049415.md) | [6,092](/filings/0001104659-26-087414.md) | [6,509](/filings/0001104659-26-118461.md) |
| Gross margin | % | [11.4% d](/filings/0001104659-26-021395.md) | [11.1%](/filings/0001104659-26-049415.md) | [13.5%](/filings/0001104659-26-087414.md) | [15.7%](/filings/0001104659-26-118461.md) | [12.0% d](/filings/0001104659-26-021395.md) | [14.7%](/filings/0001104659-26-049415.md) | [15.7%](/filings/0001104659-26-087414.md) | [19.7%](/filings/0001104659-26-118461.md) |
| Operating margin | % | [6.1% d](/filings/0001104659-26-021395.md) | [6.3%](/filings/0001104659-26-049415.md) | [8.4%](/filings/0001104659-26-087414.md) | [10.5%](/filings/0001104659-26-118461.md) | [7.0% d](/filings/0001104659-26-021395.md) | [10.3%](/filings/0001104659-26-049415.md) | [11.5%](/filings/0001104659-26-087414.md) | [15.5%](/filings/0001104659-26-118461.md) |
| Net margin | % | [5.4% d](/filings/0001104659-26-021395.md) | [5.0%](/filings/0001104659-26-049415.md) | [6.5%](/filings/0001104659-26-087414.md) | [8.4%](/filings/0001104659-26-118461.md) | [6.0% d](/filings/0001104659-26-021395.md) | [7.8%](/filings/0001104659-26-049415.md) | [8.8%](/filings/0001104659-26-087414.md) | [11.6%](/filings/0001104659-26-118461.md) |
| Diluted EPS | $ per share | not reported | [1.44](/filings/0001104659-26-049415.md) | [2.01](/filings/0001104659-26-087414.md) | [2.74](/filings/0001104659-26-118461.md) | not reported | [2.78](/filings/0001104659-26-049415.md) | [3.69](/filings/0001104659-26-087414.md) | [5.26](/filings/0001104659-26-118461.md) |
| Free cash flow | $m | [(106) d](/filings/0001104659-26-021395.md) | [(153)](/filings/0001104659-26-049415.md) | [13.3](/filings/0001104659-26-087414.md) | [557](/filings/0001104659-26-118461.md) | [84.2 d](/filings/0001104659-26-021395.md) | [10.3](/filings/0001104659-26-049415.md) | [304](/filings/0001104659-26-087414.md) | [696](/filings/0001104659-26-118461.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [18.4](/filings/0001558370-24-002152.md) | [22.3](/filings/0001558370-25-001886.md) | [18.8](/filings/0001104659-26-021395.md) | [17.5](/filings/0001104659-26-021395.md) | [18.2](/filings/0001104659-26-021395.md) |
| Gross margin | % | [29.1%](/filings/0001558370-24-002152.md) | [27.5%](/filings/0001558370-25-001886.md) | [21.5%](/filings/0001104659-26-021395.md) | [16.0%](/filings/0001104659-26-021395.md) | [13.2%](/filings/0001104659-26-021395.md) |
| Operating margin | % | [23.4%](/filings/0001558370-24-002152.md) | [22.9%](/filings/0001558370-25-001886.md) | [16.8%](/filings/0001104659-26-021395.md) | [11.1%](/filings/0001104659-26-021395.md) | [8.1%](/filings/0001104659-26-021395.md) |
| Net margin | % | [17.5%](/filings/0001558370-24-002152.md) | [17.4%](/filings/0001558370-25-001886.md) | [13.0%](/filings/0001104659-26-021395.md) | [8.8%](/filings/0001104659-26-021395.md) | [6.5%](/filings/0001104659-26-021395.md) |
| Diluted EPS | $ per share | [15.56](/filings/0001558370-24-002152.md) | [20.92](/filings/0001558370-25-001886.md) | [14.64](/filings/0001104659-26-021395.md) | [9.84](/filings/0001104659-26-021395.md) | [7.99](/filings/0001104659-26-021395.md) |
| Free cash flow | $bn | [1.2](/filings/0001558370-24-002152.md) | [3.6](/filings/0001558370-25-001886.md) | [1.9](/filings/0001104659-26-021395.md) | [(0.0)](/filings/0001104659-26-021395.md) | [0.5](/filings/0001104659-26-021395.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/stld/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.84bn | 12,396,499 |  | Added +1,519 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.04bn | 8,902,216 |  | Reduced −74,091 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $1.77bn | 7,720,913 |  | Added +3,309,313 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $1.70bn | 7,376,476 |  | Reduced −137,516 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.55bn | 6,755,104 |  | Reduced −53,936 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $863.6m | 3,778,189 |  | Reduced −56,747 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $835.2m | 3,639,878 |  | Added +9,036 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $767.7m | 3,345,568 |  | Added +196,513 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $568.2m | 2,476,326 |  | New +2,476,326 |
| [Life Cycle Investment Partners Ltd](/funds/2072459.md) | 2026-06-30 | $527.5m | 2,298,976 |  | Reduced −397,371 |

## Recent filings

[All 2,074 filings](/companies/stld/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 16:01 ET | [10-Q](/filings/0001104659-26-118461.md) | Quarterly report, period 2026-09-30 | 0001104659-26-118461 |
| 2026-10-20 | 13:30 ET | [8-K](/filings/0001104659-26-117217.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-117217 |
| 2026-10-19 | 20:20 ET | [8-K](/filings/0001104659-26-116898.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-116898 |
| 2026-09-18 | 13:47 ET | [8-K](/filings/0001104659-26-108777.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-108777 |
| 2026-08-18 | 20:52 ET | [8-K/A](/filings/0001104659-26-098390.md) | 5.02 Departure or appointment of officers or directors | 0001104659-26-098390 |
| 2026-08-14 | 17:39 ET | [8-K](/filings/0001104659-26-096861.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-096861 |
| 2026-08-04 | 13:57 ET | [8-K](/filings/0001104659-26-090129.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-090129 |
| 2026-07-28 | 15:59 ET | [10-Q](/filings/0001104659-26-087414.md) | Quarterly report, period 2026-06-30 | 0001104659-26-087414 |
| 2026-07-21 | 13:42 ET | [8-K](/filings/0001104659-26-085277.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-085277 |
| 2026-06-18 | 13:22 ET | [8-K](/filings/0001104659-26-075470.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-075470 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-021395.md), filed Feb 27, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1022671
- Tickers: STLD
- Exchange: Nasdaq
- SIC code: 3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- State of incorporation: IN
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:30 ET. No prices; not investment advice.