Steel Dynamics Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.09B | $5.20B | $4.41B | $4.83B | $4.57B | $4.37B | $3.87B | $4.34B |
| Cost of Revenue | $5.13B | $4.44B | $3.88B | $4.07B | $3.95B | $3.88B | $3.43B | $3.74B |
| Gross Profit | $959.0M | $763.2M | $529.3M | $757.9M | $618.5M | $486.5M | $441.7M | $605.2M |
| Gross Margin | 15.7% | 14.7% | 12.0% | 15.7% | 13.5% | 11.1% | 11.4% | 13.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $193.5M | $175.2M | $184.6M | $200.8M | $198.0M | $181.8M | $176.9M | $167.7M |
| Operating Income | $700.5M | $538.0M | $310.2M | $507.8M | $382.9M | $275.1M | $237.5M | $395.4M |
| Operating Margin | 11.5% | 10.3% | 7.0% | 10.5% | 8.4% | 6.3% | 6.1% | 9.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $683.5M | $513.2M | $310.6M | $513.8M | $387.9M | $280.7M | $244.0M | $408.0M |
| Income Tax Expense | $152.7M | $113.1M | $46.1M | $109.9M | $86.7M | $63.0M | $34.1M | $87.1M |
| Net Income | $534.1M | $403.4M | $266.0M | $403.7M | $298.7M | $217.2M | $207.3M | $317.8M |
| Net Margin | 8.8% | 7.8% | 6.0% | 8.4% | 6.5% | 5.0% | 5.4% | 7.3% |
| EPS (Basic) | $3.71 | $2.79 | $1.81 | $2.75 | $2.01 | $1.45 | $1.42 | $2.06 |
| EPS (Diluted) | $3.69 | $2.78 | $1.80 | $2.74 | $2.01 | $1.44 | $1.40 | $2.05 |
| Shares Outstanding (Basic) | 144.0M | 144.8M | 147.8M | 146.9M | 148.4M | 150.3M | 155.4M | 154.1M |
| Shares Outstanding (Diluted) | 144.6M | 145.3M | 148.4M | 147.6M | 149.0M | 150.8M | 156.1M | 154.8M |
| Dividends Per Share | $0.53 | $0.53 | $0.50 | $0.50 | $0.50 | $0.50 | $0.46 | $0.46 |