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Steel Dynamics vs SunCoke Energy: revenue, profit, margins and growth compared

Steel Dynamics brought in $18.2B of revenue in fiscal 2025, SunCoke Energy $1.8B in fiscal 2025. Revenue changed by +3.6% at Steel Dynamics and -5.1% at SunCoke Energy on the year before, so Steel Dynamics grew faster. Steel Dynamics kept 6.5% of its revenue as net profit, SunCoke Energy -2.4%. Free cash flow was $501.5M at Steel Dynamics and $42.3M at SunCoke Energy.

Side by side, latest fiscal year

STLDSXC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.2B$1.8B
Revenue growth+3.6%-5.1%
Net income$1.2B-$44.2M
Net margin6.5%-2.4%
Free cash flow$501.5M$42.3M
Free cash flow margin2.8%2.3%
Earnings per share (diluted)$7.99-$0.52
Cash$769.9M$88.7M
Debt$4.2B$685.5M
Price to earnings29.2n/a
Market value$33.5B$812.3M
Dividend yield0.86%n/a
Rank by revenue in sector#33 of 451 · Industrials#225 of 451 · Industrials

Over the years

Revenue
STLD FY2018: $11.8BSTLD FY2019: $10.5BSTLD FY2020: $9.6BSTLD FY2021: $18.4BSTLD FY2022: $22.3BSTLD FY2023: $18.8BSTLD FY2024: $17.5BSTLD FY2025: $18.2BSXC FY2018: $1.5BSXC FY2019: $1.6BSXC FY2020: $1.3BSXC FY2021: $1.5BSXC FY2022: $2BSXC FY2023: $2.1BSXC FY2024: $1.9BSXC FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
STLD $18.2BSXC $1.8B
Net income
STLD FY2018: $1.3BSTLD FY2019: $671.1MSTLD FY2020: $550.8MSTLD FY2021: $3.2BSTLD FY2022: $3.9BSTLD FY2023: $2.5BSTLD FY2024: $1.5BSTLD FY2025: $1.2BSXC FY2018: $26.2MSXC FY2019: -$152.3MSXC FY2020: $3.7MSXC FY2021: $43.4MSXC FY2022: $100.7MSXC FY2023: $57.5MSXC FY2024: $95.9MSXC FY2025: -$44.2MFY18FY19FY20FY21FY22FY23FY24FY25
STLD $1.2BSXC -$44.2M
Net margin
STLD FY2018: 10.6%STLD FY2019: 6.4%STLD FY2020: 5.7%STLD FY2021: 17.5%STLD FY2022: 17.4%STLD FY2023: 13.0%STLD FY2024: 8.8%STLD FY2025: 6.5%SXC FY2018: 1.8%SXC FY2019: -9.5%SXC FY2020: 0.3%SXC FY2021: 3.0%SXC FY2022: 5.1%SXC FY2023: 2.8%SXC FY2024: 5.0%SXC FY2025: -2.4%FY18FY19FY20FY21FY22FY23FY24FY25
STLD 6.5%SXC -2.4%
Revenue growth
STLD FY2019: -11.5%STLD FY2020: -8.3%STLD FY2021: +91.7%STLD FY2022: +20.9%STLD FY2023: -15.6%STLD FY2024: -6.7%STLD FY2025: +3.6%SXC FY2019: +10.3%SXC FY2020: -16.7%SXC FY2021: +9.2%SXC FY2022: +35.5%SXC FY2023: +4.6%SXC FY2024: -6.2%SXC FY2025: -5.1%FY19FY20FY21FY22FY23FY24FY25
STLD +3.6%SXC -5.1%
Free cash flow
STLD FY2018: $1.2BSTLD FY2019: $944.3MSTLD FY2020: -$211MSTLD FY2021: $1.2BSTLD FY2022: $3.6BSTLD FY2023: $1.9BSTLD FY2024: -$23.5MSTLD FY2025: $501.5MSXC FY2018: $85.5MSXC FY2019: $71.8MSXC FY2020: $83.9MSXC FY2021: $134.5MSXC FY2022: $133.4MSXC FY2023: $139.8MSXC FY2024: $95.9MSXC FY2025: $42.3MFY18FY19FY20FY21FY22FY23FY24FY25
STLD $501.5MSXC $42.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Steel Dynamics and SunCoke Energy

Which is bigger by revenue, Steel Dynamics or SunCoke Energy?

Steel Dynamics is bigger by revenue: $18.2B in fiscal 2025, against $1.8B for SunCoke Energy in fiscal 2025.

Which keeps more of its revenue as profit, Steel Dynamics or SunCoke Energy?

Steel Dynamics had a net margin of 6.5% in fiscal 2025; SunCoke Energy had -2.4% in fiscal 2025.

Which grew revenue faster, Steel Dynamics or SunCoke Energy?

In their latest fiscal years revenue changed by +3.6% at Steel Dynamics and -5.1% at SunCoke Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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