Operating Income for Steel Dynamics (STLD)
According to Steel Dynamics's latest reported financial statements, the company's current operating income (TTM) is $1.79B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
STLD
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.79B
YoY change
-24.0%
5Y CAGR
+11.7%
Peak year (2022)
$5.09B
Cumulative operating income
$27.13B
Operating Income history chart for Steel Dynamics (STLD) from 1995 to 2025
Operating Income history table for Steel Dynamics (STLD) from 1995 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.48B | -24.0% | ||
| 2024 | $1.94B | -38.3% | ||
| 2023 | $3.15B | -38.1% | ||
| 2022 | $5.09B | +18.4% | ||
| 2021 | $4.30B | +407.7% | ||
| 2020 | $847.14M | -14.2% | ||
| 2019 | $986.88M | -42.7% | ||
| 2018 | $1.72B | +61.4% | ||
| 2017 | $1.07B | +46.6% | ||
| 2016 | $727.97M | -1100.2% | ||
| 2015 | -$72.78M | -122.7% | ||
| 2014 | $320.32M | -17.1% | ||
| 2013 | $386.52M | -1.2% | ||
| 2012 | $391.17M | -33.1% | ||
| 2011 | $584.82M | +60.3% | ||
| 2010 | $364.75M | +205.2% | ||
| 2009 | $119.53M | -86.0% | ||
| 2008 | $855.24M | +23.7% | ||
| 2007 | $691.15M | +4.9% | ||
| 2006 | $659.11M | +67.6% | ||
| 2005 | $393.18M | -22.4% | ||
| 2004 | $506.91M | +424.7% | ||
| 2003 | $96.61M | -41.1% | ||
| 2002 | $163.90M | +532.2% | ||
| 2001 | $25.93M | -75.4% | ||
| 2000 | $105.40M | +18.7% | ||
| 1999 | $88.80M | +36.2% | ||
| 1998 | $65.20M | 0.0% | ||
| 1997 | $65.20M | +258.2% | ||
| 1996 | $18.20M | -209.0% | ||
| 1995 | -$16.70M | — |
Operating Income values are taken from Steel Dynamics's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Steel Dynamics (STLD) most recent annual operating income stands at $1.48B (2025) – declined 24.0% year-over-year.
Over 2020–2025 (5 years), Steel Dynamics operating income expanded at a +11.7% compound annual rate, with the latest reading among the more recent periods of the dataset.
Steel Dynamics operating income peaked at $5.09B in 2022; the latest annual figure is $1.48B in 2025 (71.0% below peak).
Across the available history, operating income reached its high of $5.09B in 2022 and its low of -$72.78M in 2015.
Steel Dynamics (STLD) sits 9th of 8 Basic Materials peers we track on this metric, against a peer median of $6.31B.
Steel Dynamics Operating Income by Year
Steel Dynamics Operating Income 2025: $1.48B
Steel Dynamics operating income in 2025 was $1.48B, declined 24.0% below 2024.
Steel Dynamics Operating Income 2024: $1.94B
Steel Dynamics operating income in 2024 was $1.94B, plunged 38.3% below 2023.
Steel Dynamics Operating Income 2023: $3.15B
Steel Dynamics operating income in 2023 was $3.15B, plunged 38.1% below 2022.
Steel Dynamics Operating Income 2022: $5.09B
Steel Dynamics operating income in 2022 was $5.09B, grew 18.4% from 2021. This figure represents the highest annual value in the available history.
Steel Dynamics Operating Income 2021: $4.30B
Steel Dynamics operating income in 2021 was $4.30B.
See more financial history for Steel Dynamics (STLD).
Sector peers — Operating Income
Companies in the same sector as Steel Dynamics, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Newmont Corporation (NEM) | $10.35B | Basic Materials |
| Linde plc (LIN) | $8.94B | Basic Materials |
| Southern Copper Corporation (SCCO) | $7.00B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $6.33B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $6.29B | Basic Materials |
| CRH plc (CRH) | $4.53B | Basic Materials |
| The Sherwin-Williams Company (SHW) | $3.80B | Basic Materials |
| Ecolab Inc. (ECL) | $2.91B | Basic Materials |
Frequently asked questions
What is Steel Dynamics's operating income?
- Latest reported operating income for Steel Dynamics (STLD) is $1.79B (period ending March 31, 2026).
How has Steel Dynamics operating income changed year-over-year?
- Steel Dynamics (STLD) operating income changed -24.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Steel Dynamics operating income?
- Steel Dynamics (STLD) operating income compound annual growth rate is +11.7% over the most recent 5 years available.
When did Steel Dynamics operating income hit its highest annual value?
- Steel Dynamics operating income reached its highest annual value of $5.09B in 2022.
What was Steel Dynamics operating income in 2024?
- Steel Dynamics (STLD) operating income in 2024 was $1.94B.
What was Steel Dynamics operating income in 2025?
- Steel Dynamics (STLD) operating income in 2025 was $1.48B.
Metrics overview
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