STLD Steel Dynamics

Q3 2025 10-Q

Filed: Oct 24, 2025Period ending Sep 30, 2025

Materials

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)SEC EDGAR

Steel Dynamics (STLD) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 24, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $4.8B Q3 2025, up 11% YoY from $4.3B, led by Steel Operations (+21%) and Metals Recycling (+10%)
• Operating margin 10.5% Q3 2025 vs 9.1% Q3 2024; Q3 operating income $508M, up 28% YoY from $395M

+3 more insights

Risk Factors

• No material changes to risk factors since 2024 10-K filing
• Continued exposure to steel price volatility affecting revenue and margins

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Quarterly Financial Summary
XBRL

Revenue

$4.8B

▲ +11.2% YoY▲ +5.8% QoQ

Net Income

$404M

▲ +27.0% YoY▲ +35.1% QoQ

Net Margin

8.4%

▲ +104bp YoY▲ +182bp QoQ

Source: XBRL data from Steel Dynamics Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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