Steel Dynamics Inc (STLD) Financials
Key financial figures for Steel Dynamics Inc (Q3 2026).
Steel Dynamics posted record Q3 2026 steel shipments of 3.8 million tons and net income of $756 million, or $5.26 per diluted share, up from $2.74 a year earlier but $0.08 below the low end of its own $5.34 to $5.38 September guidance. Net sales were $6.51 billion, up 35% from $4.83 billion a year earlier (calculated), with operating income of $1.01 billion versus $508 million in Q3 2025 and net income attributable to the company of $756 million versus $404 million. Diluted EPS of $5.26 compared with $3.69 in Q2 2026 and $2.74 in Q3 2025. On September 17 the company had guided to $5.34 to $5.38, so the print came in below the low end of that range; the release says aluminum volumes were less than expected over a number of weeks because of yield losses tied to hot strip mill rolling coolant, which it says has been corrected. On the outlook: The release gives no numeric Q4 2026 earnings guidance; management expects aluminum volumes and profitability to improve in the fourth quarter of 2026 and throughout 2027 as startup costs subside, and expects the second CASH line to become operational early in the first quarter of 2027. Figures are for Q3 2026, as Steel Dynamics, Inc. reported them.
- Revenue
- $6.5B
- Net Income
- $756M
- EPS
- $5.29
- Total Assets
- $17.8B
- Operating Cash Flow
- $846M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $6.5B | $756M | $5.26 | 15.46% | $696M |
| Q2 FY2026 | $6.1B | $534M | $3.69 | 12.57% | $304M |
| Q1 FY2026 | $5.2B | $403M | $2.78 | 11.3% | $10M |
| Q4 FY2025 | $4.4B | $266M | $1.82 | 7.03% | $84M |
| Q3 FY2025 | $4.8B | $404M | $2.74 | 10.52% | $557M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $18.2B | $1.2B | $7.99 | 8.12% | $502M |
| FY2024 | $17.5B | $1.5B | $9.84 | 11.08% | -$24M |
| FY2023 | $18.8B | $2.5B | $14.64 | 16.77% | $1.9B |
Frequently asked questions
What was Steel Dynamics, Inc.'s revenue last quarter?
Steel Dynamics, Inc. reported revenue of $6.51 billion for Q3 FY2026, up 34.8% from the same period a year earlier.
Is Steel Dynamics, Inc. profitable?
Yes. Steel Dynamics, Inc. reported net income of $756.0 million for Q3 FY2026, a net margin of 11.61% on revenue.
How has Steel Dynamics, Inc.'s margin trended?
Operating margin was 15.46% in Q3 FY2026, compared with 10.52% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Steel Dynamics, Inc. generate?
Steel Dynamics, Inc. generated free cash flow of $696.2 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Steel Dynamics Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.