Steel Dynamics, Inc. (STLD)

From the record

Steel Dynamics, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Steel Dynamics, Inc.'s 10 filed years say what it did: revenue went from $7.6 billion in fiscal 2016 to $18 billion in fiscal 2025, up 10.2% a year; it rose in 5 of 9 years; the deepest fall was 21% from fiscal 2022 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Steel Dynamics, Inc.'s diluted share count shrank about 7.0% a year, and dividends and buybacks returned about 65% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 18 sales and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Steel Dynamics, Inc. earned about 14 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count shrank 5.0% over the year (the filed statements).

From the record

Steel Dynamics, Inc.'s standing among 12 graded names in its industry family: revenue of $18 billion in fiscal 2025 ranks in the top 25% by size; a net margin of 6.5% ranks in the top 29%; revenue growth of -6.5% a year over the last 3 filed years ranks in the bottom 29% (its annual reports).

From the record

Steel Dynamics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Millett, Mark D (Chairman and CEO, as filed), filing under that title since 2012-02-03, 14.8 years (top 7% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 11.5 years (top 7%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (bottom 36%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Steel Dynamics, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $770 million against debt of $4.2 billion leaves -20.7% of its assets as net cash, bottom 29% of its family; cash from operations less capital spending is 2.8% of revenue (top 37%); a gross margin of 13.2% (top 50%) (its annual report).

From the record

Steel Dynamics, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.5% a year over the last three filed years against 10.2% over all 10, slowing (bottom 4% of its family); the newest year grew 3.6% (top 37%); capital spending grew 1.4% a year (bottom 28%) (its annual reports). Steel Dynamics, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Steel Dynamics, Inc.'s newest year against its own record: revenue of $18 billion in fiscal 2025 came in 16.7% above the $16 billion its prior three years' pace pointed to (top 29% of its family); net income of $1.2 billion against a prior three-year average of $2.6 billion (top 37%); a net margin of 6.5% against 13.1% before (bottom 38%) (its annual reports).