STLD Steel Dynamics
FY2025 10-K
Steel Dynamics (STLD) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
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
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
Financial SummaryXBRL
Revenue
$18.2B
Net Income
$1.2B
Gross Margin
13.2%
Operating Margin
8.1%
Net Margin
6.5%
ROE
13.2%
Total Assets
$16.4B
EPS (Diluted)
$7.99
Operating Cash Flow
$1.4B
Source: XBRL data from Steel Dynamics FY2025 10-K filing on SEC EDGAR. All figures in USD.
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