What changed in Steel Dynamics, Inc.'s latest annual report
In the year ended 31 Dec 2025, Steel Dynamics, Inc.'s revenue rose 3.6% to USD 18.18bn, from USD 17.54bn; net income fell 22.9% to USD 1.19bn, from USD 1.54bn; long-term debt rose 48.9% to USD 4.18bn, from USD 2.80bn.
Year ended 31 Dec 2025. Source: 10-K filed 27 Feb 2026, read it on SEC EDGAR.
USD 17.54bn to USD 18.18bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 17.54bn | 18.18bn | Up 3.6% |
| Net income | 1.54bn | 1.19bn | Down 22.9% |
| Total assets | 14.94bn | 16.42bn | Up 9.9% |
| Total liabilities | 5.99bn | 7.49bn | Up 25% |
| Long-term debt | 2.80bn | 4.18bn | Up 48.9% |
| Cash and cash equivalents | 589.46m | 769.88m | Up 30.6% |
| Shareholders' equity | 8.93bn | 8.96bn | Up 0.3% |
Questions people ask
Did Steel Dynamics, Inc.'s revenue grow last year?
Revenue grew 3.6%, from USD 17.54bn to USD 18.18bn in the year ended 31 Dec 2025.
Is Steel Dynamics, Inc. profitable?
Yes. Net income was USD 1.19bn in the year ended 31 Dec 2025. The year before: USD 1.54bn.
How much cash and debt does Steel Dynamics, Inc. have?
At its latest year end (31 Dec 2025), Steel Dynamics, Inc. reported cash and cash equivalents of USD 769.88m and long-term debt of USD 4.18bn.
Where do these numbers come from?
From Steel Dynamics, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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