When did Steel Dynamics report Q2 2025 earnings?

Steel Dynamics (STLD) reported Q2 2025 earnings on July 21, 2025 after market close.

What were Steel Dynamics's Q2 2025 revenue and EPS?

Steel Dynamics reported revenue of $4.6B and diluted EPS of $2.01 for Q2 2025.

Did Steel Dynamics beat estimates in Q2 2025?

Revenue missed the consensus estimate of $4.7B by $150.8M. EPS missed the consensus estimate of $2.24 by $0.23.

How did Steel Dynamics's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 1.5% from $4.6B a year earlier and diluted EPS declined 26.1% from $2.72.

Where can I find Steel Dynamics's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001558370-25-011019) directly on SEC EDGAR. The filing index links above go to sec.gov.

Steel Dynamics STLD Q2 2025 earnings

Reported July 21, 2025 · After market close

Revenue$4.6BMiss by $150.8M Diluted EPS$2.01Miss by $0.23

Revenue estimate$4.7B

EPS estimate$2.24

Next report

Jul 20, 2026 (In 1 week)

Revenue estimate$5.6B

EPS estimate$3.66

Financials

Q2 2025

Income statement

See full

Revenue$4.6B-1.5%

Gross profit$618.5M-20.2%

Operating income$382.9M-31.5%

Net income$298.7M-30.2%

EPS (diluted)$2.01-26.1%

Balance sheet

See full

Cash & equivalents$458.0M-44.8%

Total debt$3.8B+24.9%

Total equity$8.9B-2.9%

Total assets$15.5B+3.2%

Cash flow

See full

Operating cash flow$301.6M-21.2%

CapEx$288.3M-31.2%

Free cash flow$13.3M+136%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$19.03B-7.4%

Enterprise value$22.36B-1.7%

P/E18.3×+8.1×

P/S1.1×0.0×

Profitability

See full

Gross margin12.5%-6.4pp

Operating margin7.5%-6.6pp

Net margin6.1%-5.0pp

FCF margin-0.6%-5.3pp

Returns & leverage

See full

Return on equity11.6%-11.0pp

Debt / equity0.4×+0.1×

Current ratio3.1×+0.8×

Segments

By segment

See full

Steel Operations$3.4B+4.2%

Metals Recycling Operations$1.2B+4.7%

Corporate And Other$361.4M-18.1%

Steel Fabrication Operations$340.7M-28.1%

Aluminum Operations$93.6M+14.4%

By geography

See full

Non Us$272.7M-30.0%

Other Segments-$776.8M-7.6%

Versus estimates

Revenue

Q1 2026$5.2BBeat by $106.1M Q4 2025$4.4BMiss by $137.3M Q3 2025$4.8BBeat by $63.7M

Q2 2025$4.6BMiss by $150.8M

Q4 2024$3.9BMiss by $97.1M Q3 2024$4.3BBeat by $164.5M

Diluted EPS

Q1 2026$2.78Miss by $0.05 Q4 2025$1.82Beat by $0.12 Q3 2025$2.74Beat by $0.11

Q2 2025$2.01Miss by $0.23

Q4 2024$1.36Miss by $0.33 Q3 2024$2.05Beat by $0.08

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Questions, answered.

When did Steel Dynamics report Q2 2025 earnings?: Steel Dynamics (STLD) reported Q2 2025 earnings on July 21, 2025 after market close.
What were Steel Dynamics's Q2 2025 revenue and EPS?: Steel Dynamics reported revenue of $4.6B and diluted EPS of $2.01 for Q2 2025.
Did Steel Dynamics beat estimates in Q2 2025?: Revenue missed the consensus estimate of $4.7B by $150.8M. EPS missed the consensus estimate of $2.24 by $0.23.
How did Steel Dynamics's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 1.5% from $4.6B a year earlier and diluted EPS declined 26.1% from $2.72.
Where can I find Steel Dynamics's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001558370-25-011019) directly on SEC EDGAR. The filing index links above go to sec.gov.