Steel Dynamics (STLD) Cost of Revenue (2009 - 2026)
Steel Dynamics (STLD) posted Cost of Revenue of $5.1 billion for Q2 2026, up 15.56% sequentially from $4.4 billion in Q1 2026, and up 30.05% YoY from $3.9 billion in Q2 2025.
Steel Dynamics (STLD) Cost of Revenue (2009 - 2026) Analysis & Trends
Steel Dynamics has reported Cost of Revenue for 18 years, with the latest figure at $5.1 billion in Q2 2026.
- Quarterly Cost of Revenue rose 30.05% year-over-year to $5.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $17.5 billion (up 16.89% YoY) and the FY2025 annual result came in at $15.8 billion, up 7.1% from the prior year.
- Cost of Revenue rose to $5.1 billion in Q2 2026 per STLD's latest filing, from $4.4 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $5.1 billion in Q2 2026 and troughed at $3.4 billion in Q4 2024.
- A 5-year average of $3.9 billion and a median of $3.8 billion in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 38.01% in 2022, then decreased 13.19% in 2023.
- Over 5 years, Cost of Revenue stood at $3.8 billion in 2022, then retreated by 8.76% to $3.5 billion in 2023, then retreated by 2.06% to $3.4 billion in 2024, then rose by 13.24% to $3.9 billion in 2025, then soared by 32.12% to $5.1 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $5.1 billion, $4.4 billion, and $3.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.84 Bn | 98.95 Bn | 941.02 Mn | 3.40 Bn |
| 2 | Nucor | 55.75 Bn | 53.05 Bn | 2.03 Bn | 8.36 Bn |
| 3 | ArcelorMittal | 54.97 Bn | 50.12 Bn | - | - |
| 4 | Steel Dynamics | 32.99 Bn | 32.40 Bn | 958.97 Mn | 5.13 Bn |
| 5 | Reliance | 19.82 Bn | 19.59 Bn | 1.30 Bn | 3.33 Bn |
| 6 | Cleveland-Cliffs | 6.46 Bn | 6.39 Bn | 132.00 Mn | 5.09 Bn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 2.97 Bn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn | 11.19 Bn |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | 810.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.13 Bn |
| Jun 30, 2026 | 5.13 Bn |
| Mar 31, 2026 | 4.44 Bn |
| Mar 31, 2026 | 4.44 Bn |
| Dec 31, 2025 | 3.88 Bn |
| Dec 31, 2025 | 3.88 Bn |
| Sep 30, 2025 | 4.07 Bn |
| Sep 30, 2025 | 4.07 Bn |
| Jun 30, 2025 | 3.95 Bn |
| Jun 30, 2025 | 3.95 Bn |
| Mar 31, 2025 | 3.88 Bn |
| Mar 31, 2025 | 3.88 Bn |
| Dec 31, 2024 | 3.43 Bn |
| Dec 31, 2024 | 3.43 Bn |
| Sep 30, 2024 | 3.74 Bn |
| Sep 30, 2024 | 3.74 Bn |
| Jun 30, 2024 | 3.86 Bn |
| Jun 30, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.71 Bn |
| Mar 31, 2024 | 3.71 Bn |