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Steel Dynamics (STLD) Operating Expenses (2016 - 2025)

Steel Dynamics' Operating Expenses history spans 13 years, with the latest figure at $184.6 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 4.38% year-over-year to $184.6 million; the TTM value through Dec 2025 reached $765.3 million, up 15.24%, while the annual FY2025 figure was $765.3 million, 15.24% up from the prior year.
  • Operating Expenses for Q4 2025 was $184.6 million at Steel Dynamics, down from $200.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $200.8 million in Q3 2025 and bottomed at $141.2 million in Q2 2023.
  • The 3-year median for Operating Expenses is $163.9 million (2024), against an average of $168.2 million.
  • The largest YoY upside for Operating Expenses was 23.74% in 2025 against a maximum downside of 4.38% in 2025.
  • A 3-year view of Operating Expenses shows it stood at $157.2 million in 2023, then increased by 12.53% to $176.9 million in 2024, then increased by 4.38% to $184.6 million in 2025.
  • Per Business Quant, the three most recent readings for STLD's Operating Expenses are $184.6 million (Q4 2025), $200.8 million (Q3 2025), and $198.0 million (Q2 2025).