STLD at a glance
Steel Dynamics (STLD, SEC CIK 1022671) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on September 18, 2026 and Form 4 insider filings as recently as August 14, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Steel Dynamics (STLD) reported revenue of $18.2 billion (up 3.6% from FY2024) and net income of $1.2 billion. Diluted EPS was $7.99.
- As of June 30, 2026, 41 institutional investment managers tracked by SignalX reported holding Steel Dynamics (STLD) shares worth $14.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Anderson James Stanley on June 5, 2026 of 1,100 shares at $267.35 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $18.2B
- +3.6% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 41 funds
- $14.3B · +3 vs prior quarter
- Latest 8-K
- Sep 18, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Circular EAF steelmaking platform: scrap-fed steel mills, metals recycling, steel fabrication, and new recycled aluminum flat rolled products
- Aluminum segment ramped to production in H2 2025: 650,000-metric-ton Columbus, MS mill achieved beverage can and automotive certifications; target mix 45% can sheet, 35% automotive, 20% industrial
- Biocarbon facility in Columbus, MS began operations H2 2025: pyrolysis-converted biomass to replace anthracite, targeting up to 35% reduction in Scope 1 GHG emissions
- Steel operations ~16M ton capacity; internal steel consuming businesses purchased 1.8M tons (13% of total shipments) in 2025; team retention 89% (U.S.-based)
- NPS (New Process Steel) acquired December 1, 2025: added metallic-coated/pre-painted flat rolled distribution, expanding downstream processing reach
Management Discussion & Analysis
- Revenue $18.2B, up 4% YoY ($636M increase); Steel Operations +7% to $13.4B, Steel Fabrication worst at -20% to $1.4B
- Operating margin 8.1% vs 11.1% in 2024; operating income fell 24% to $1.5B from $1.9B; net income down 23% to $1.2B; EPS $7.99 vs $9.84
- Best segment: Metals Recycling op income +27% to $97.2M; worst: Steel Fabrication op income -39% to $407.4M; Aluminum ops loss widened to -$173M
- Capex $948M (down from $1.9B in 2024); buybacks $900.9M; dividends raised 9% to $0.50/share quarterly, $294.1M declared; CFO $1.4B vs $1.8B prior year
- Key risks: trade policy uncertainty, aluminum ramp-up still early (15K metric tons shipped H2 2025), debt up $980M to $4.2B total; backlog solid through H1 2026
Risk Factors
- Chinese steelmaking capacity far exceeds domestic demand, making China a major global exporter and depressing US steel prices
- EAF dust classified as hazardous waste by US EPA; changing regulations on EAF dust or shredder residue could trigger significant additional remediation costs
- Aluminum operations dependent on concentrated customer base; loss of one major customer with long-term sales agreement could materially impact segment results
- Scrap suppliers operate without long-term contracts and can withhold supply during low-price periods, creating raw material vulnerability for EAF operations
- Senior unsecured credit facility contains financial covenants; breach could trigger immediate acceleration of "a significant portion" of total indebtedness
AI summary of the STLD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $6.09B, up 33% YoY from $4.57B in Q2 2025
- Operating income $700.5M, up 83% YoY; net income $534.1M, up 79%
- Best segment Steel Operations revenue $4.14B, up 22%; operating income $719.8M, up 89%
- Worst segment Aluminum Operations operating loss $49.9M, versus $40.6M loss; $16M impairment charge
- Liquidity $2.01B, including $567.7M cash and $1.19B revolver availability; debt $4.2B unchanged
- Outlook: aluminum shipments and earnings expected to increase in second half; steel demand supported by trade actions and reshoring
Risk Factors
- No material changes to 10-K risk factors for year ended December 31, 2025
- Regulatory risk: No new or updated compliance risks disclosed
- Operational risk: No newly identified operating or competitive risks disclosed
- Financial risk: $488.741 million remaining under share-repurchase authorization
- Legal risk: No defaults upon senior securities or other new legal matters disclosed
AI summary of the STLD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Item 7.01 text is limited to an incorporation-by-reference disclaimer
- No substantive Regulation FD disclosure or investor-impacting information identified
Item EX-99.1: Item EX-99.1
- Q3 2026 EPS guidance $5.34–$5.38, versus $3.69 in Q2 and $2.74 year over year
- Steel profitability significantly higher on metal-margin expansion, record shipments, higher selling values, and lower scrap costs
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Barry Schneider and Christopher Graham each awarded $2 million in restricted stock units
- Grants scheduled for December 15, 2026, creating $4 million in aggregate equity compensation
Item 8.01: Other Events
- Third-quarter 2026 cash dividend announcement, signaling continued shareholder distributions
- Press release dated August 14, 2026 contains dividend amount and payment details
AI summaries of STLD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for STLD
Don't miss the next STLD filing
- Alerts as it files. A push when STLD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut STLD, by share count.
- Ask anything. An AI agent that reads every STLD filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hamann Jennifer L | A | Aug 13, 2026 | 72 | - |
| MILLETT MARK D | G | Jul 28, 2026 | 300 | - |
| Seaman Bradley S | A | Jul 10, 2026 | 109 | - |
| Hamann Jennifer L | A | Jul 10, 2026 | 18 | - |
| Cornew Kenneth W. | A | Jul 10, 2026 | 2 | - |
| Sierra Luis Manuel | A | Jul 10, 2026 | 7 | - |
| DOLAN TRACI M | A | Jul 10, 2026 | 102 | - |
| BARGABOS SHEREE L | A | Jul 10, 2026 | 43 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $17.5B | $18.2B |
| Gross Profit | - | $2.8B | $2.4B |
| Operating Income | - | $1.9B | $1.5B |
| Net Income | - | $1.5B | $1.2B |
| Gross Margin | - | 16.0% | 13.2% |
| Op. Margin | - | 11.1% | 8.1% |
| Net Margin | - | 8.8% | 6.5% |
| Balance Sheet | |||
| Total Assets | $14.9B | $14.9B | $16.4B |
| Equity | - | $8.9B | $9.0B |
| ROE | - | 17.2% | 13.2% |
| Per Share | |||
| EPS | - | $9.84 | $7.99 |
| Cash Flow | |||
| Operating CF | - | $1.8B | $1.4B |
| CapEx | $1.7B | $1.9B | $948.0M |
Source: XBRL data in Steel Dynamics (STLD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate STLD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 41 | $14.33B |
| Q1 2026 | 38 | $10.68B |
| Q4 2025 | 38 | $9.91B |
| Q3 2025 | 36 | $8.08B |
| Q2 2025 | 35 | $7.95B |
| Q1 2025 | 33 | $5.65B |
| Q4 2024 | 29 | $4.61B |
| Q3 2024 | 26 | $2.70B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 276 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
STLD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 18, 2026 | - | Analysis | - |
| 8-K | Aug 18, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 4 | Aug 14, 2026 | - | - | - |
| SC 13G | Aug 6, 2026 | - | - | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Jul 28, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 28, 2026 | - | - | - |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 4 | Jul 14, 2026 | - | - | - |
| 8-K | Jun 18, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - |
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STLD SEC filings: frequently asked questions
Which institutions hold STLD stock?
As of June 30, 2026, the largest Steel Dynamics (STLD) holders among the 13F filers tracked by SignalX were BlackRock ($2.8 billion), Vanguard Capital Management LLC ($2.0 billion), FMR LLC (Fidelity) ($1.8 billion), State Street Corp ($1.7 billion), Vanguard Portfolio Management LLC ($1.6 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was STLD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Steel Dynamics (STLD) reported revenue of $18.2 billion (up 3.6% from FY2024) and net income of $1.2 billion. Diluted EPS was $7.99. The figures come from the XBRL data in the 10-K.
What are the main risks in STLD's latest 10-K?
In the 10-K filed February 27, 2026, Steel Dynamics (STLD) flagged: Chinese steelmaking capacity far exceeds domestic demand, making China a major global exporter and depressing US steel prices. EAF dust classified as hazardous waste by US EPA; changing regulations on EAF dust or shredder residue could trigger significant additional remediation costs. (AI summary of the Risk Factors section.)
What did STLD report in its latest 8-K?
Steel Dynamics (STLD) filed an 8-K on September 18, 2026 reporting Item 7.01 (Regulation FD Disclosure). Item 7.01 text is limited to an incorporation-by-reference disclaimer.
What are the latest STLD SEC filings?
Steel Dynamics (STLD) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on September 18, 2026 and a Form 4 insider filing on August 14, 2026.
What is STLD's SEC CIK number?
Steel Dynamics (STLD)'s SEC Central Index Key (CIK) is 1022671. EDGAR lists every STLD filing under that number.
Ask anything about STLD
The research agent reads STLD's filings, financials, insider trades and 13F holders, then answers with sources.