STLD - STEEL DYNAMICS INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	3.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-27%)	-6.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-234%)	-15.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-411%)	20.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+318%)	91.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1735%)	-8.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-265%)	-11.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-330%)	23.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+379%)	22.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+353%)	2.4% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-52%)	-13.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-365%)	18.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+275%)	1.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-77%)	-8.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-277%)	26.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+439%)	59.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1083%)	-51.0% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1120%)	84.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1586%)	—	—
EPS Growth YoY (%)	-18.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-32.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-30.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	34.4% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	500.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-14.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-43.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	59.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	115.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-20.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-40.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	95.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	15.6% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-22.9% Weak ↓ Weak Declining Year-over-year change in net income	-37.3% Weak ↓ Weak Declining Year-over-year change in net income	-36.5% Weak ↓ Weak Declining Year-over-year change in net income	19.0% Good ↓ Good Declining Year-over-year change in net income	468.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-15.8% Weak ↓ Weak Declining Year-over-year change in net income	-46.0% Weak ↓ Weak Declining Year-over-year change in net income	55.8% Excellent Excellent Year-over-year change in net income	123.8% Excellent Excellent Year-over-year change in net income	N/M	N/M	-44.0% Weak ↓ Weak Declining Year-over-year change in net income	14.9% Fair ↓ Fair Declining Year-over-year change in net income	-46.4% Weak Weak Year-over-year change in net income	105.0% Excellent Excellent Year-over-year change in net income	N/M	N/M	17.4% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	-42.3% Weak Weak Year-over-year change in free cash flow	231.6% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-14.5% Weak Weak Year-over-year change in free cash flow	110.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	-69.6% Weak Weak Year-over-year change in free cash flow	1432.2% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-6.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	25.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	28.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	0.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	15.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	2.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	22.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-0.3% Weak Weak Compound annual revenue growth over 3 years	12.8% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	13.6% Excellent → Excellent Stable Compound annual revenue growth over 5 years	10.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	9.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	18.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	18.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	4.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	3.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	9.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	3.8% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	17.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-1.8% Weak Weak Compound annual revenue growth over 5 years	10.7% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-27.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-14.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	78.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	90.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	42.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-8.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	24.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	—	70.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	22.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	-18.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	9.8% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	—	-19.7% Weak Weak Compound annual EPS growth over 3 years	-32.6% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	8.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	11.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	16.8% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	22.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	23.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	8.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	9.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	9.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	-1.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	3.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	5.4% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	7.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	5.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	3.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	10.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	15.8% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	—
Effective Tax Rate (%) (%)	20.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.8% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.3% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.7% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.9% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.1% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.2% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	44.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	8.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	13.0% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	17.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	17.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+76%)	5.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	10.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	8.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	4.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	-1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-119%)	1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	2.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	3.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	5.7% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	9.0% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	—
FCF Margin (%) (%)	2.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	6.0% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	2.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	0.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.42x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.02x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.39x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.71x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	-14.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.06x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	8.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	12.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	20.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	35.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	35.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	9.2% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	8.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	2.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	17.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	9.0% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	13.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	21.1% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	36.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	34.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	9.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	22.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	11.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-1.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	9.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	2.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	16.1% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	13.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	17.2% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+43%)	27.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+130%)	47.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+296%)	51.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+329%)	13.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	16.6% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	31.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+166%)	24.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+100%)	12.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-5.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-145%)	3.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	6.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-45%)	6.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	11.6% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	6.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	-0.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-103%)	28.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+138%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.47x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6%)	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-28%)	0.35x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.71x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+43%)	0.67x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	0.60x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+21%)	0.71x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+42%)	0.81x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+61%)	0.97x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+94%)	1.02x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+105%)	0.84x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+69%)	0.93x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+85%)	1.03x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+107%)	1.15x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+130%)	1.03x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+107%)	1.37x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+173%)	—	—
Interest Coverage (x)	9.42x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	19.24x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	41.20x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	55.63x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	75.18x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.93x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.76x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	13.60x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	7.94x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.98x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	-0.47x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.33x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.03x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.47x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.30x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.14x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	0.85x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.85x Good Good Operating income divided by interest expense Optimal: > 5x	12.46x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$3.44B	$2.64B	$1.67B	$1.44B	$1.86B	$1.73B	$1.35B	$1.55B	$1.35B	$1.52B	$1.87B	$2.62B	$1.71B	$1.83B	$1.99B	$2.20B	$2.05B	$2.20B	$-28.49M	$-29.37M
Debt / EBITDA (x)	2.08x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.33x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.86x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.56x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.67x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.65x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.09x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.17x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.74x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.30x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.70x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.11x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.41x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.57x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.95x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.05x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.03x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.62x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$122.98	$112.86	$112.85	$121.38	$89.75	$45.47	$47.65	$50.54	$39.72	$31.93	$31.38	$37.65	$33.37	$33.26	$36.61	$29.07	$19.72	$42.72	$23.53	—
Basic EPS, GAAP (USD)	$8.02	$9.89	$14.72	$21.06	$15.67	$2.61	$3.06	$5.38	$3.38	$1.57	$-0.54	$0.68	$0.86	$0.75	$1.27	$0.65	$-0.04	$2.45	$2.12	—
Free Cash Flow per Share (USD)	$3.39	$-0.15	$11.18	$19.37	$5.84	$-1.00	$4.30	$5.03	$2.39	—	—	—	—	—	—	—	$0.58	$1.89	$0.12	—
Dividend per Share (USD)	$2.00	$1.84	$1.70	$1.36	$1.04	$1.00	$0.96	$0.75	$0.62	$0.56	$0.55	$0.46	$0.44	$0.40	$0.40	$0.30	$0.33	$0.40	$0.30	—
Book Value per Share (USD)	$61.80	$59.12	$55.41	$47.01	$32.33	$20.60	$19.00	$17.47	$14.12	$12.01	$11.02	$12.06	$11.20	$10.83	$10.51	$9.55	$9.20	$8.93	—	—
Tangible Book Value per Share (USD)	$56.22	$54.46	$50.82	$42.56	$28.49	$16.89	$15.36	$14.36	$11.41	$9.23	$8.24	$7.44	$6.18	$5.57	$5.04	$3.84	$3.22	$1.31	—	—
Basic Weighted Avg Shares (shares)	147.81M	155.42M	166.55M	183.39M	205.12M	211.14M	219.64M	233.92M	240.13M	243.58M	242.02M	232.55M	220.92M	219.16M	218.47M	216.76M	200.70M	189.14M	186.32M	—
Dividend Payout Ratio (%)	24.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	11.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	6.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	6.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	38.3% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	31.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	13.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	35.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-101.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	67.6% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	51.2% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	53.3% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	31.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-812.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	16.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	14.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$4.36B	$3.28B	$4.46B	$5.61B	$4.67B	$3.00B	$3.25B	$3.01B	$2.64B	$2.22B	$2.00B	$2.09B	$1.50B	$1.69B	$1.35B	$1.44B	$861.24M	$738.93M	—	—
LT Debt (USD)	$4.21B	$3.23B	$3.07B	$3.07B	$3.11B	$3.10B	$2.73B	$2.38B	$2.38B	$2.36B	$2.59B	$2.98B	$2.11B	$2.20B	$2.38B	$2.39B	$2.05B	$2.22B	—	—
Total Equity (USD)	$8.96B	$8.93B	$8.87B	$8.13B	$6.30B	$4.35B	$4.08B	$3.94B	$3.35B	$2.93B	$2.68B	$2.91B	$2.50B	$2.38B	$2.30B	$2.08B	$1.99B	$1.62B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$18.18B	$17.54B	$18.80B	$22.26B	$18.41B	$9.60B	$10.46B	$11.82B	$9.54B	$7.78B	$7.59B	$8.76B	$7.37B	$7.29B	$8.00B	$6.30B	$3.96B	$8.08B	$4.38B	—
Depreciation Expense (USD)	$551.39M	$478.91M	$437.80M	$384.20M	$347.65M	$325.79M	$321.08M	$317.20M	$299.00M	$296.11M	$294.60M	$263.32M	$230.93M	$225.22M	$222.61M	$224.70M	$221.43M	—	—	—
Net Income, GAAP (USD)	$1.19B	$1.54B	$2.45B	$3.86B	$3.25B	$570.83M	$677.90M	$1.26B	$805.80M	$360.01M	$-145.17M	$91.65M	$163.52M	$142.28M	$265.69M	$129.60M	$-8.18M	$463.39M	$394.57M	—
Operating Cash Flow (USD)	$1.45B	$1.84B	$3.52B	$4.46B	$2.20B	$987.03M	$1.40B	$1.42B	$739.42M	—	—	—	—	—	—	—	$445.56M	$770.30M	$418.20M	—

STEEL DYNAMICS INC

Analytical Summary

20-Year Financial Trajectory

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Bearish Risks

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