FINHUB Insights

STLD · Q3 FY25 · Jul 1 – Sep 30, 2025

Steel Dynamics Q3 FY25: where the revenue came from and where it went

Steel Dynamics Q3 FY25: revenue $4.8B (+11% year over year). Net profit $0.40B. Largest cohort US $4.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 24, 2025 10-Q
Sankey diagram of Steel Dynamics's income statement for Q3 FY25: revenue of $4.83 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.83B +11% year over year
Gross profit$0.76B 16% margin
Operating profit$0.51B 11% margin
Net profit$0.40B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.83 100% +11%
US 4.51 93% +13%
Non US 0.32 7% −9%
Cost of revenue−4.0784%
Gross profit0.7616% margin+2pp
SG&A−0.204%+0pp
Other−0.051%+0pp
Operating profit0.5111% margin+1pp
Tax−0.10
Net profit0.408%+1pp
Filing on EDGAR More quarters of STLD

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.