FINHUB Insights

STLD · Q1 FY26 · Jan 1 – Mar 31, 2026

Steel Dynamics Q1 FY26: where the revenue came from and where it went

Steel Dynamics Q1 FY26: revenue $5.2B (+19% year over year). Net profit $0.40B. Largest cohort US $4.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 27, 2026 10-Q
Sankey diagram of Steel Dynamics's income statement for Q1 FY26: revenue of $5.21 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.21B +19% year over year
Gross profit$0.76B 15% margin
Operating profit$0.54B 10% margin
Net profit$0.40B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 5.21 100% +19%
US 4.88 94% +21%
Non US 0.32 6% −1%
Cost of revenue−4.4485%
Gross profit0.7615% margin+4pp
SG&A−0.183%−1pp
Other−0.051%+0pp
Operating profit0.5410% margin+4pp
Tax−0.14
Net profit0.408%+3pp
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.