The financials
Steel Dynamics, Inc. by the numbers
Steel Dynamics, Inc. (STLD) reported revenue of $6.09B in Q2 2026 (quarter ended Jun 30, 2026), up 33% from the same quarter a year earlier. That came with a gross margin of 16% and net income of $531M (8.7% of revenue). For the full year FY2025, revenue was $18.2B (+3.6% year on year) and net income $1.19B. Its largest segment in Q2 2026 was Steel Operations at $3.74B, 67% of the disclosed total, well ahead of Corporate And Other at 9.6%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $6.09B | $4.57B | +33% |
| Gross profit | $959M | $618M | +55% |
| Operating income | $700M | $383M | +83% |
| Net income | $531M | $301M | +76% |
| Diluted EPS | $3.69 | $2.01 | +84% |
| Operating | Revenue | Share |
|---|---|---|
| Steel Operations | $3.74B | 67% |
| Corporate And Other | $538M | 9.6% |
| Aluminum Operations | $498M | 8.9% |
| Metals Recycling Operations | $446M | 7.9% |
| Steel Fabrication Operations | $394M | 7.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $5.62B (+15%)
Aluminum Operations grew +658% year on yearSteel Fabrication Operations +16% year on year
Segment Latestquarter on quarteryear on year
- Steel Operations$3.74B$3.74BQoQ +10.0%year on year +19%+10.0%+19%
- Corporate And Other$537.5M$537.5MQoQ +11%year on year +51%+11%+51%
- Aluminum Operations$497.7M$497.7MQoQ +119%year on year +658%+119%+658%
- Metals Recycling Operations$445.8M$445.8MQoQ +9.5%year on year +19%+9.5%+19%
- Steel Fabrication Operations$393.6M$393.6MQoQ +11%year on year +16%+11%+16%