Stocks Industrials STLD
NASDAQ · IndustrialsSteel Dynamics Inc (STLD)
Steel Dynamics Inc brought in $20.5B of revenue over the twelve months to June 30, 2026, up 19.8% from a year earlier. Net income was $1.6B, a net margin of 7.8%. Operating cash flow minus capital spending left $501.5M of free cash flow in fiscal 2025. At June 30, 2026 it held $567.7M in cash against $4.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about Steel Dynamics Inc
- Net worth
- Steel Dynamics Inc has a market value (market cap) of $34.8B at the latest share price, and shareholders' equity of $9.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $18.2B (+3.6% year on year), with net income of $1.2B. Over the 12 months to June 30, 2026: revenue $20.5B, net income $1.6B.
- Cash flow
- In fiscal 2025 operations brought in $1.4B of cash; after $948M of capital spending, free cash flow was $501.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Steel Dynamics Inc's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Steel Dynamics Inc declared dividends of $2.00 per share in fiscal 2025, a yield of 0.82% at the current price.
What Steel Dynamics Inc does
Steel Dynamics Inc is registered with the SEC under industry code SIC 3312 (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)). Its shares trade on NASDAQ under the ticker STLD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $18.2B | $1.2B | $7.99 | $501.5M |
| 2024 | $17.5B | $1.5B | $9.84 | -$23.5M |
| 2023 | $18.8B | $2.5B | $14.64 | $1.9B |
| 2022 | $22.3B | $3.9B | $20.92 | $3.6B |
| 2021 | $18.4B | $3.2B | $15.56 | $1.2B |
| 2020 | $9.6B | $550.8M | $2.59 | -$211M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where STLD ranks in Industrials
Dividends
Steel Dynamics Inc declared $2.00 per share in fiscal 2025. At the current price that is a yield of 0.82%. It paid out $291.2M in cash dividends, 25% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.00 | $291.2M | 25% |
| 2024 | $1.84 | $282.6M | 18% |
| 2023 | $1.70 | $271.3M | 11% |
| 2022 | $1.36 | $237.2M | 6% |
| 2021 | $1.04 | $213M | 7% |
| 2020 | $1.00 | $209.2M | 38% |
Latest SEC filings
What Steel Dynamics Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 18, 2026
- August 18, 2026
- August 14, 2026Other event 8-K
- August 6, 2026Passive stake (5% or more) SCHEDULE 13G
- August 4, 2026
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 33% to $6.1B versus the same quarter last year; diluted EPS $3.69 versus $2.01.
- July 21, 2026
- June 18, 2026
- June 1, 2026
- May 12, 2026Passive stake (5% or more) SCHEDULE 13G
What is STLD worth? A DCF from its reported cash flow
Insider trades
What the people running Steel Dynamics Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 8 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | Bargabos Sheree LDirector | Received as pay | 40 | - |
| October 9, 2026 | Cornew Kenneth W.Director | Received as pay | 2 | - |
| October 9, 2026 | Dolan Traci MDirector | Received as pay | 97 | - |
| October 9, 2026 | Hamann Jennifer LDirector | Received as pay | 18 | - |
| October 9, 2026 | Seaman Bradley SDirector | Received as pay | 105 | - |
| October 9, 2026 | Sierra Luis ManuelDirector | Received as pay | 7 | - |
| August 13, 2026 | Hamann Jennifer LDirector | Received as pay | 72 | - |
| July 28, 2026 | Millett Mark DChairman and CEO, Director | Gave as a gift | 300 | - |
Who owns STLD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.14% | April 30, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.4% | August 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,020 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 12,396,499 | +1,519 |
| Vanguard Capital Management LLC | 8,902,216 | -74,091 |
| Fmr LLC | 7,720,913 | +3,309,313 |
| State Street Corp | 7,376,476 | -137,516 |
| Vanguard Portfolio Management LLC | 6,755,104 | -53,936 |
| Geode Capital Management, LLC | 3,778,189 | -56,747 |
| Capital Research Global Investors | 3,639,878 | +9,036 |
| Morgan Stanley | 3,345,568 | +196,513 |
| Norges Bank | 2,476,326 | new |
| Life Cycle Investment Partners Ltd | 2,298,976 | -397,371 |
| Nordea Investment Management AB | 2,249,235 | +32,407 |
| Dimensional Fund Advisors LP | 1,954,394 | -10,470 |
| Boston Partners | 1,843,969 | +79,288 |
| Invesco Ltd. | 1,843,085 | -192,716 |
| Jpmorgan Chase & Co | 1,707,322 | -48,914 |
| Holocene Advisors, LP | 1,648,753 | -640,195 |
| Goldman Sachs Group Inc | 1,527,490 | +100,008 |
| Northern Trust Corp | 1,480,037 | -140,400 |
| Charles Schwab Investment Management Inc | 1,452,235 | -26,525 |
| Victory Capital Management Inc | 1,346,692 | -600,140 |
Insiders
18 insiders reported holding 9,488,775 shares in total, about $2.31B at the last price.
| Holder | Shares |
|---|---|
| Teets Richard P JrDirector | 4,980,252 |
| Millett Mark DChairman and CEO, Director | 3,016,401 |
| Wagler Theresa EExecutive Vice President & CFO | 495,038 |
| Schneider BarryPresident and COO | 246,399 |
| Pushis GlennSenior Vice President | 133,008 |
| Alvarez MiguelSenior Vice President | 122,257 |
| Anderson James StanleySenior Vice President | 102,837 |
| Shaheen GabrielDirector | 82,520 |
| Graham Christopher ASenior Vice President | 68,747 |
| Dolan Traci MDirector | 59,067 |
Questions about STLD
What does Steel Dynamics Inc do?
Steel Dynamics Inc is a company in the Industrials sector, listed on NASDAQ as STLD. Its shares trade on NASDAQ under the ticker STLD.
What is Steel Dynamics Inc's net worth?
Steel Dynamics Inc has a market value (market cap) of $34.8B at the latest share price, and shareholders' equity of $9.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Steel Dynamics Inc profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.6B on revenue of $20.5B, a net margin of 7.8%.
How much revenue does Steel Dynamics Inc make?
Over the twelve months to June 30, 2026 Steel Dynamics Inc reported revenue of $20.5B. That is 19.8% more than a year earlier.
When did Steel Dynamics Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 9, 2026.
When is Steel Dynamics Inc's next earnings report?
Steel Dynamics Inc's next report is expected around October 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Steel Dynamics Inc pay a dividend?
Yes. Steel Dynamics Inc declared dividends of $2.00 per share in fiscal 2025, a yield of 0.82% at the current price.
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Where the numbers come from
Financial figures are the values Steel Dynamics Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.