Steel Dynamics, Inc. (STLD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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STLD Revenue Growth
Revenue Breakdown (FY 2025)
STLD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
STLD Revenue Analysis (2014–2025)
As of May 6, 2026, Steel Dynamics, Inc. (STLD) generated trailing twelve-month (TTM) revenue of $19.01 billion, reflecting strong growth of +19.1% year-over-year. The most recent quarter (Q1 2026) recorded $5.20 billion in revenue, up 17.9% sequentially.
Looking at the longer-term picture, STLD's 5-year compound annual growth rate (CAGR) stands at +13.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $22.26 billion in 2022.
Revenue diversification analysis shows STLD's business is primarily driven by Steel Operations (70%), Metals Recycling and Ferrous Resources Operations (23%), and Steel Fabrication Operations (7%). With over half of revenue concentrated in Steel Operations, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including NUE (+12.3% YoY), RS (+8.5% YoY), and CMC (+2.3% YoY), STLD has outperformed the peer group in terms of revenue growth. Compare STLD vs NUE →
STLD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STLDCurrent | $19.0B | +19.1% | +13.6% | 8.1% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% | |
 RS | $14.3B | +8.5% | +10.2% | 7.2% | |
 CMC | $7.8B | +2.3% | +7.3% | 6.7% | |
 CLF | $18.6B | -3.0% | +28.3% | -7.5% | |
 WOR | $1.2B | +15.0% | -17.7% | 4.3% |
STLD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $18.18B | +3.6% | $2.36B | 13.0% | $1.48B | 8.1% |
| 2024 | $17.54B | -6.7% | $2.80B | 16.0% | $1.94B | 11.1% |
| 2023 | $18.80B | -15.6% | $4.05B | 21.5% | $3.15B | 16.8% |
| 2022 | $22.26B | +20.9% | $6.12B | 27.5% | $5.09B | 22.9% |
| 2021 | $18.41B | +91.7% | $5.36B | 29.1% | $4.30B | 23.4% |
| 2020 | $9.60B | -8.3% | $1.43B | 14.9% | $847.1M | 8.8% |
| 2019 | $10.46B | -11.5% | $1.53B | 14.6% | $986.9M | 9.4% |
| 2018 | $11.82B | +23.9% | $2.32B | 19.6% | $1.72B | 14.6% |
| 2017 | $9.54B | +22.7% | $1.58B | 16.6% | $1.07B | 11.2% |
| 2016 | $7.78B | +2.4% | $1.33B | 17.2% | $728.0M | 9.4% |
Full STLD Stock Analysis
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Start ComparisonSTLD — Frequently Asked Questions
Quick answers to the most common questions about buying STLD stock.
Is STLD's revenue growth accelerating or slowing?
STLD revenue is accelerating at +19.1% year-over-year, exceeding the 5-year CAGR of +13.6%. TTM revenue reached $19.0B. Growth momentum has increased versus prior periods.
What is STLD's long-term revenue growth rate?
Steel Dynamics, Inc.'s 5-year revenue CAGR of +13.6% reflects the sustained expansion pattern. Current YoY growth of +19.1% is above this long-term average.
How is STLD's revenue distributed by segment?
STLD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.