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Steel Dynamics Inc.Stock · IndustrialsS&P 500 0.0%
$247.14+$6.57 (+2.73%)as of market close, Jul 24, 2026
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How Steel Dynamics makes money

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How does Steel Dynamics make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Steel Dynamics Inc. · FY2025 · year ended 2025-12-31
Revenue$18.2BGross profit$2.4B · 13%Cost of revenue$15.8B · 87%Operating income$1.5B · 8%Operating expenses$916M · 5%SG&A$765M · 4%Other opex$151M · 1%Net income$1.2B · 7%Income tax$306M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.