Growth Metrics

Steel Dynamics (STLD) Cost of Revenue (2016 - 2025)

Steel Dynamics' Cost of Revenue history spans 17 years, with the latest figure at $7.8 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 127.35% year-over-year to $7.8 billion; the TTM value through Dec 2025 reached $15.8 billion, up 7.1%, while the annual FY2025 figure was $15.8 billion, 7.1% up from the prior year.
  • Cost of Revenue for Q4 2025 was $7.8 billion at Steel Dynamics, up from $4.1 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $7.8 billion in Q4 2025 and bottomed at $32.3 million in Q2 2025.
  • The 5-year median for Cost of Revenue is $3.8 billion (2023), against an average of $3.7 billion.
  • The largest YoY upside for Cost of Revenue was 127.35% in 2025 against a maximum downside of 99.16% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $3.5 billion in 2021, then grew by 8.17% to $3.8 billion in 2022, then fell by 8.76% to $3.5 billion in 2023, then fell by 2.06% to $3.4 billion in 2024, then surged by 127.35% to $7.8 billion in 2025.
  • Per Business Quant, the three most recent readings for STLD's Cost of Revenue are $7.8 billion (Q4 2025), $4.1 billion (Q3 2025), and $32.3 million (Q2 2025).