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Steel Dynamics stock: growth
STLDSteel Dynamics reported $18.18B in revenue for fiscal 2025, up 3.6% on the prior year, up 13.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
9.5%
per year from 2006 to 2025, per share 10.9%
Earnings (Annual rate)
5.9%
per year from 2006 to 2025, per share 7.3%
Free cash flow (Annual rate)
3.2%
per year from 2006 to 2025, per share 4.5%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 13.6% | 9.1% | 9.5% |
| Revenue per share | 22.0% | 14.6% | 10.9% |
| Earnings | 16.6% | no data | 5.9% |
| Earnings per share | 25.2% | no data | 7.3% |
| Free cash flow | no data | −5.9% | 3.2% |
| Free cash flow per share | no data | −1.2% | 4.5% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $3.24B | $396.71M | $276.33M |
| 2007 | $4.38B | $394.57M | $33.01M |
| 2008 | $8.08B | $463.39M | $362.8M |
| 2009 | $3.96B | −$8.18M | $115.5M |
| 2010 | $6.3B | $140.71M | $35.91M |
| 2011 | $8B | $278.12M | $319.35M |
| 2012 | $7.29B | $163.55M | $222.78M |
| 2013 | $7.37B | $189.31M | $125.33M |
| 2014 | $8.76B | $157.02M | $505.79M |
| 2015 | $7.59B | −$130.31M | $923.98M |
| 2016 | $7.78B | $382.12M | $654.61M |
| 2017 | $9.54B | $812.74M | $574.67M |
| 2018 | $11.82B | $1.26B | $1.18B |
| 2019 | $10.46B | $671.1M | $944.35M |
| 2020 | $9.6B | $550.82M | −$211.02M |
| 2021 | $18.41B | $3.21B | $1.2B |
| 2022 | $22.26B | $3.86B | $3.55B |
| 2023 | $18.8B | $2.45B | $1.86B |
| 2024 | $17.54B | $1.54B | −$23.5M |
| 2025 | $18.18B | $1.19B | $501.51M |
Revenue by segment
How Steel Dynamics, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Steel Operations$13.0B72%
- Metals Recycling Operations$2.0B11%
- Steel Fabrication Operations$1.4B8%
- Aluminum Operations$361.1M2%
- Other$1.3B7%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Steel Operations | $13.02B | 71.6% |
| Metals Recycling Operations | $2.04B | 11.2% |
| Steel Fabrication Operations | $1.42B | 7.8% |
| Aluminum Operations | $361.09M | 2% |
| Other | $1.33B | 7.3% |
| Total revenue | $18.18B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 10 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.