Steel Dynamics (STLD) Cost of Revenue (2009 - 2026)

Steel Dynamics has disclosed Cost of Revenue across 18 years of filings, most recently posting $4.4 billion for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $4.4 billion, up 14.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $12.4 billion (down 16.62% YoY), and the FY2025 annual result was $15.8 billion, up 7.1% from the prior year.
• Cost of Revenue came in at $4.4 billion for Q1 2026 at Steel Dynamics, up from $3.9 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.4 billion in Q1 2026 to a low of $32.3 million in Q2 2025.
• The 5-year median for Cost of Revenue is $3.8 billion (2023), against an average of $3.6 billion.
• Across the five-year window, Cost of Revenue jumped 38.01% in 2022 and tumbled 99.16% in 2025, its largest moves.
• Steel Dynamics' Cost of Revenue stood at $3.8 billion in 2022, then declined by 8.76% to $3.5 billion in 2023, then declined by 2.06% to $3.4 billion in 2024, then grew by 13.24% to $3.9 billion in 2025, then advanced by 14.33% to $4.4 billion in 2026.
• The last three Cost of Revenue figures came in at $4.4 billion (Q1 2026), $3.9 billion (Q4 2025), and $4.1 billion (Q3 2025), per Business Quant data.