Steel Dynamics, Inc. revenue by year
Over the 10 fiscal years shown, revenue went from $7.78B (year ended Dec 31, 2016) to $18.18B (year ended Dec 31, 2025), a compound annual growth rate of 9.9%. The fastest growth was +91.7% in the year ended Dec 31, 2021; the weakest year was −15.6% (year ended Dec 31, 2023).
Annual revenue
| Fiscal year ended | Revenue (USD) | Change | XBRL concept | Reported in |
|---|---|---|---|---|
| Dec 31, 2025 | $18.18B | +3.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 27, 2026 |
| Dec 31, 2024 | $17.54B | −6.7% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 27, 2026 |
| Dec 31, 2023 | $18.80B | −15.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 27, 2026 |
| Dec 31, 2022 | $22.26B | +20.9% | Revenues | 10-K filed Feb 28, 2023 |
| Dec 31, 2021 | $18.41B | +91.7% | Revenues | 10-K filed Feb 28, 2023 |
| Dec 31, 2020 | $9.60B | −8.3% | Revenues | 10-K filed Feb 28, 2023 |
| Dec 31, 2019 | $10.46B | −11.5% | Revenues | 10-K filed Feb 28, 2022 |
| Dec 31, 2018 | $11.82B | +23.9% | Revenues | 10-K filed Mar 1, 2021 |
| Dec 31, 2017 | $9.54B | +22.7% | Revenues | 10-K filed Feb 27, 2020 |
| Dec 31, 2016 | $7.78B | +2.4% | Revenues | 10-K filed Feb 27, 2019 |
Steel Dynamics, Inc. reported revenue under 2 different XBRL concepts across these years (often after the 2018 change in revenue-recognition rules, ASC 606). Each row shows the concept used, so you can judge comparability.
Quarterly revenue
Quarters reported in 10-Q filings. Fourth quarters are usually reported only inside the annual 10-K, so they are not listed separately here; we do not estimate them.
| Quarter | Revenue (USD) | vs same quarter a year earlier | Source |
|---|---|---|---|
| 3 months ended Sep 30, 2026 | $6.51B | +34.8% | 10-Q filed Oct 23, 2026 |
| 3 months ended Jun 30, 2026 | $6.09B | +33.4% | 10-Q filed Jul 28, 2026 |
| 3 months ended Mar 31, 2026 | $5.20B | +19.1% | 10-Q filed Apr 27, 2026 |
| 3 months ended Sep 30, 2025 | $4.83B | +11.2% | 10-Q filed Oct 23, 2026 |
| 3 months ended Jun 30, 2025 | $4.57B | −1.5% | 10-Q filed Jul 28, 2026 |
| 3 months ended Mar 31, 2025 | $4.37B | −6.9% | 10-Q filed Apr 27, 2026 |
| 3 months ended Sep 30, 2024 | $4.34B | −5.4% | 10-Q filed Oct 24, 2025 |
| 3 months ended Jun 30, 2024 | $4.63B | −8.8% | 10-Q filed Aug 11, 2025 |
Source: SEC EDGAR XBRL company facts for CIK 1022671 (raw data). Most recent filing in this dataset: 10-Q filed Oct 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.