When did Steel Dynamics report Q3 2025 earnings?

Steel Dynamics (STLD) reported Q3 2025 earnings on October 20, 2025 after market close.

What were Steel Dynamics's Q3 2025 revenue and EPS?

Steel Dynamics reported revenue of $4.8B and diluted EPS of $2.74 for Q3 2025.

Did Steel Dynamics beat estimates in Q3 2025?

Revenue beat the consensus estimate of $4.8B by $63.7M. EPS beat the consensus estimate of $2.63 by $0.11.

How did Steel Dynamics's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 11.2% from $4.3B a year earlier and diluted EPS grew 33.7% from $2.05.

Where can I find Steel Dynamics's Q3 2025 SEC filings?

You can read the 10-Q periodic report (0001104659-25-102052) directly on SEC EDGAR. The filing index links above go to sec.gov.

Steel Dynamics STLD Q3 2025 earnings

Reported October 20, 2025 · After market close

Revenue$4.8BBeat by $63.7M Diluted EPS$2.74Beat by $0.11

Revenue estimate$4.8B

EPS estimate$2.63

Next report

Jul 20, 2026 (In 1 week)

Revenue estimate$5.6B

EPS estimate$3.66

Financials

Q3 2025

Income statement

See full

Revenue$4.8B+11.2%

Gross profit$757.9M+25.2%

Operating income$507.8M+28.4%

Net income$403.7M+27.0%

EPS (diluted)$2.74+33.7%

Balance sheet

See full

Cash & equivalents$770.4M-24.1%

Total debt$3.8B+2.7%

Total equity$9.0B-1.0%

Total assets$16.0B+1.9%

Cash flow

See full

Operating cash flow$722.6M-4.9%

CapEx$165.7M-73.3%

Free cash flow$556.9M+302%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$20.52B+3.8%

Enterprise value$23.54B+4.9%

P/E18.2×+6.9×

P/S1.2×+0.1×

Profitability

See full

Gross margin13.1%-4.2pp

Operating margin8%-4.5pp

Net margin6.4%-3.4pp

FCF margin1.8%-0.7pp

Returns & leverage

See full

Return on equity12.5%-7.0pp

Debt / equity0.4×0.0×

Current ratio3.1×+0.7×

Segments

By segment

See full

Steel Operations$3.7B+20.7%

Metals Recycling Operations$1.1B+10.1%

Steel Fabrication Operations$378.3M-15.9%

Corporate And Other$320.8M-22.1%

Aluminum Operations$104.4M+25.5%

By geography

See full

Non Us$321.2M-8.9%

Other Segments-$760.2M-15.7%

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 Q3 2025 earnings?: Steel Dynamics (STLD) reported Q3 2025 earnings on October 20, 2025 after market close.
What were Steel Dynamics's Q3 2025 revenue and EPS?: Steel Dynamics reported revenue of $4.8B and diluted EPS of $2.74 for Q3 2025.
Did Steel Dynamics beat estimates in Q3 2025?: Revenue beat the consensus estimate of $4.8B by $63.7M. EPS beat the consensus estimate of $2.63 by $0.11.
How did Steel Dynamics's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 11.2% from $4.3B a year earlier and diluted EPS grew 33.7% from $2.05.
Where can I find Steel Dynamics's Q3 2025 SEC filings?: You can read the 10-Q periodic report (0001104659-25-102052) directly on SEC EDGAR. The filing index links above go to sec.gov.