Steel Dynamics (STLD) Operating Income (2009 - 2026)
Steel Dynamics' Operating Income was $700.48 million in Q2 2026, up 83.0% from $382.86 million a year earlier and up 30.2% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Steel Dynamics' Operating Income was $2.06 billion through Jun 30, 2026, up 59.3% year-over-year; for FY2025, it came in at $1.48 billion, down 24.0% from FY2024.
- Operating Income has now declined for three consecutive years, though with a five-year compound annual growth rate of 11.7% (FY2020 to FY2025).
- In earlier years, Operating Income was $1.94 billion in FY2024 (-38.3%), $3.15 billion in FY2023 (-38.1%), $5.09 billion in FY2022 (+18.4%) and $4.3 billion in FY2021 (+407.7%).
- The Q2 2026 figure marks the highest quarterly Operating Income since Q1 2024.
- Compared with a year earlier, Operating Income has increased for four straight quarters, with growth averaging 5.3% over the last eight quarters.
- The best year-over-year quarter for Operating Income over five years was Q3 2021 (growth of 748.2%); the worst was Q1 2025 (a decline of 63.4%).
- Per Business Quant data, STLD's Operating Income in the three quarters before Q2 2026 was $538 million (Q1 2026), $310.23 million (Q4 2025) and $507.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 2.62 Bn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 1.01 Bn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 528.41 Mn |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 2.00 Bn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | 3.80 Bn |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 2.73 Bn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 1.63 Bn |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 1.06 Bn |
| 10 | Steel Dynamics | 33.09 Bn | 29.96 Bn | 958.97 Mn | 700.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 700.48 Mn |
| Mar 31, 2026 | 538.00 Mn |
| Dec 31, 2025 | 310.23 Mn |
| Sep 30, 2025 | 507.76 Mn |
| Jun 30, 2025 | 382.86 Mn |
| Mar 31, 2025 | 275.14 Mn |
| Dec 31, 2024 | 237.50 Mn |
| Sep 30, 2024 | 395.44 Mn |
| Jun 30, 2024 | 559.12 Mn |
| Mar 31, 2024 | 750.98 Mn |
| Dec 31, 2023 | 518.54 Mn |
| Sep 30, 2023 | 733.55 Mn |
| Jun 30, 2023 | 1.06 Bn |
| Mar 31, 2023 | 835.36 Mn |
| Dec 31, 2022 | 759.05 Mn |
| Sep 30, 2022 | 1.22 Bn |
| Jun 30, 2022 | 1.62 Bn |
| Mar 31, 2022 | 1.49 Bn |
| Dec 31, 2021 | 1.43 Bn |
| Sep 30, 2021 | 1.32 Bn |
API Access
Steel Dynamics Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();