Steel Dynamics Q2 FY26: where the revenue came from and where it went
The whole income statement of Steel Dynamics for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 28, 2026
Revenue$6.09B
+33% year over year
Gross profit$0.96B
16% margin
Operating profit$0.70B
11% margin
Net profit$0.53B
9% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.09 | 100% | +33% |
| US | 5.62 | 92% | +31% |
| Non US | 0.47 | 8% | +73% |
| Cost of revenue | −5.13 | 84% | |
| Gross profit | 0.96 | 16% margin | +2pp |
| SG&A | −0.19 | 3% | −1pp |
| Other | −0.07 | 1% | +0pp |
| Operating profit | 0.70 | 11% margin | +3pp |
| Tax | −0.17 | ||
| Net profit | 0.53 | 9% margin | +2pp |
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