Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.61B | $9.36B | $11.8B | $10.5B | $9.59B | $18.4B | $22.3B | $18.8B | $17.5B | $18.2B |
| Revenue growth | — | 23.1% | 26.0% | -11.4% | -8.3% | 92.0% | 20.9% | -15.6% | -6.7% | 3.6% |
| Gross profit | $1.33B | $1.58B | $2.32B | $1.53B | $1.43B | $5.36B | $6.12B | $4.05B | $2.80B | $2.39B |
| Gross margin | 17.5% | 16.9% | 19.7% | 14.6% | 15.0% | 29.1% | 27.5% | 21.5% | 16.0% | 13.2% |
| Operating income | $728M | $1.07B | $1.72B | $987M | $847M | $4.30B | $5.09B | $3.15B | $1.94B | $1.48B |
| Operating margin | 9.6% | 11.4% | 14.6% | 9.4% | 8.8% | 23.4% | 22.9% | 16.8% | 11.1% | 8.1% |
| Net income | $360M | $806M | $1.26B | $678M | $571M | $3.21B | $3.86B | $2.45B | $1.54B | $1.19B |
| Net margin | 4.7% | 8.6% | 10.6% | 6.5% | 6.0% | 17.5% | 17.4% | 13.0% | 8.8% | 6.5% |
| EPS (diluted) | $1.56 | $3.36 | $5.35 | $3.04 | $2.59 | $15.56 | $20.92 | $14.64 | $9.84 | $7.99 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $853M | $739M | $1.42B | $1.40B | $987M | $2.20B | $4.46B | $3.52B | $1.84B | $1.45B |
| Capital expenditures | $198M | $165M | $239M | $452M | $1.20B | $1.01B | $909M | $1.66B | $1.87B | $948M |
| Free cash flow | $655M | $574M | $1.18B | $944M | -$211M | $1.20B | $3.55B | $1.86B | -$23.5M | $502M |
| Share buybacks | $25.0M | $252M | $524M | $349M | $107M | $1.06B | $1.80B | $1.45B | $1.21B | $901M |
| Dividends paid | $136M | $146M | $169M | $200M | $209M | $213M | $237M | $271M | $283M | $291M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $841M | $1.03B | $828M | $1.38B | $1.37B | $1.24B | $1.63B | $1.40B | $589M | $770M |
| Total assets | $6.42B | $6.86B | $7.70B | $8.28B | $9.27B | $12.5B | $14.2B | $14.9B | $14.9B | $16.4B |
| Total liabilities | $3.54B | $3.55B | $3.82B | $4.21B | $4.92B | $6.21B | $6.06B | $6.07B | $5.99B | $7.49B |
| Long-term debt | $2.35B | $2.35B | $2.35B | $2.64B | $3.02B | $3.01B | $3.01B | $2.61B | $2.80B | $4.18B |
| Shareholders' equity | $2.93B | $3.35B | $3.94B | $4.08B | $4.35B | $6.30B | $8.13B | $8.87B | $8.93B | $8.96B |
| Retained earnings | $2.21B | $2.87B | $3.96B | $4.42B | $4.76B | $7.76B | $11.4B | $13.5B | $14.8B | $15.7B |
| Shares (wtd avg diluted) | 245M | 242M | 235M | 221M | 212M | 207M | 185M | 167M | 156M | 148M |
Every figure is extracted from STEEL DYNAMICS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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