Steel Dynamics annual operating expenses
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Steel Dynamics Operating Expenses Growth & History (STLD)
Steel Dynamics's operating expenses was $916.2M for fiscal 2025.
View full Steel Dynamics company overviewSteel Dynamics annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $916.2M | $56.6M | +6.59% |
| 2024 | 2024-12-31 | $859.5M | −$35.2M | −3.93% |
| 2023 | 2023-12-31 | $894.7M | −$131.3M | −12.80% |
| 2022 | 2022-12-31 | $1.03B | −$35.3M | −3.33% |
| 2021 | 2021-12-31 | $1.06B | $473.7M | +80.62% |
| 2020 | 2020-12-31 | $587.6M | $43.5M | +7.99% |
| 2019 | 2019-12-31 | $544.1M | −$56.3M | −9.38% |
| 2018 | 2018-12-31 | $600.4M | $85.3M | +16.55% |
| 2017 | 2017-12-31 | $515.1M | −$91.8M | −15.12% |
| 2016 | 2016-12-31 | $606.9M | −$197.6M | −24.56% |
| 2015 | 2015-12-31 | $804.5M | $158.6M | +24.56% |
| 2014 | 2014-12-31 | $645.9M | $313.3M | +94.18% |
| 2013 | 2013-12-31 | $332.6M | $3.9M | +1.18% |
| 2012 | 2012-12-31 | $328.7M | −$18.0M | −5.18% |
| 2011 | 2011-12-31 | $346.7M | $35.8M | +11.51% |
| 2010 | 2010-12-31 | $310.9M | $31.4M | +11.22% |
| 2009 | 2009-12-31 | $279.5M | −$105.3M | −27.37% |
| 2008 | 2008-12-31 | $384.9M | $159.9M | +71.10% |
| 2007 | 2007-12-31 | $224.9M | — | — |
Steel Dynamics quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $258.5M | $22.9M | +9.71% |
| Q1 2026 | 2026-03-31 | $225.2M | $13.8M | +6.54% |
| Q4 2025 | 2025-12-31 | $219.1M | $14.8M | +7.26% |
| Q3 2025 | 2025-09-30 | $250.1M | $40.3M | +19.23% |
| Q2 2025 | 2025-06-30 | $235.6M | $19.9M | +9.22% |
| Q1 2025 | 2025-03-31 | $211.4M | −$18.4M | −8.02% |
| Q4 2024 | 2024-12-31 | $204.2M | −$8.1M | −3.82% |
| Q3 2024 | 2024-09-30 | $209.8M | −$8.7M | −3.98% |
| Q2 2024 | 2024-06-30 | $215.7M | −$27.4M | −11.27% |
| Q1 2024 | 2024-03-31 | $229.8M | $9.1M | +4.10% |
| Q4 2023 | 2023-12-31 | $212.3M | −$16.2M | −7.07% |
| Q3 2023 | 2023-09-30 | $218.5M | −$26.1M | −10.68% |
| Q2 2023 | 2023-06-30 | $243.1M | −$22.2M | −8.35% |
| Q1 2023 | 2023-03-31 | $220.8M | −$66.9M | −23.25% |
| Q4 2022 | 2022-12-31 | $228.5M | −$104.2M | −31.32% |
| Q3 2022 | 2022-09-30 | $244.6M | −$34.0M | −12.20% |
| Q2 2022 | 2022-06-30 | $265.3M | $21.3M | +8.74% |
| Q1 2022 | 2022-03-31 | $287.6M | $81.6M | +39.59% |
| Q4 2021 | 2021-12-31 | $332.7M | $149.2M | +81.31% |
| Q3 2021 | 2021-09-30 | $278.6M | $141.6M | +103.41% |
| Q2 2021 | 2021-06-30 | $244.0M | $118.4M | +94.26% |
| Q1 2021 | 2021-03-31 | $206.1M | $64.5M | +45.59% |
| Q4 2020 | 2020-12-31 | $183.5M | $49.1M | +36.49% |
| Q3 2020 | 2020-09-30 | $137.0M | $5.2M | +3.92% |
| Q2 2020 | 2020-06-30 | $125.6M | −$10.6M | −7.75% |
| Q1 2020 | 2020-03-31 | $141.5M | −$185,000 | −0.13% |
| Q4 2019 | 2019-12-31 | $134.4M | −$21.2M | −13.64% |
| Q3 2019 | 2019-09-30 | $131.8M | −$22.7M | −14.70% |
| Q2 2019 | 2019-06-30 | $136.1M | −$14.1M | −9.36% |
| Q1 2019 | 2019-03-31 | $141.7M | $1.7M | +1.22% |
| Q4 2018 | 2018-12-31 | $155.7M | $30.8M | +24.67% |
| Q3 2018 | 2018-09-30 | $154.5M | $29.0M | +23.11% |
| Q2 2018 | 2018-06-30 | $150.2M | $23.0M | +18.11% |
| Q1 2018 | 2018-03-31 | $140.0M | $2.4M | +1.77% |
| Q4 2017 | 2017-12-31 | $124.9M | −$129.0M | −50.82% |
| Q3 2017 | 2017-09-30 | $125.5M | $855,000 | +0.69% |
| Q2 2017 | 2017-06-30 | $127.2M | $2.9M | +2.34% |
| Q1 2017 | 2017-03-31 | $137.6M | $33.5M | +32.21% |
| Q4 2016 | 2016-12-31 | $253.9M | −$271.4M | −51.67% |
| Q3 2016 | 2016-09-30 | $124.6M | $27.0M | +27.59% |
| Q2 2016 | 2016-06-30 | $124.3M | $30.1M | +31.93% |
| Q1 2016 | 2016-03-31 | $104.1M | $16.8M | +19.25% |
| Q4 2015 | 2015-12-31 | $525.4M | $152.6M | +40.93% |
| Q3 2015 | 2015-09-30 | $97.7M | −$2.2M | −2.17% |
| Q2 2015 | 2015-06-30 | $94.2M | $3.3M | +3.65% |
| Q1 2015 | 2015-03-31 | $87.3M | $4.9M | +5.95% |
| Q4 2014 | 2014-12-31 | $372.8M | $282.6M | +313.41% |
| Q3 2014 | 2014-09-30 | $99.9M | $15.9M | +19.01% |
| Q2 2014 | 2014-06-30 | $90.9M | $12.4M | +15.76% |
| Q1 2014 | 2014-03-31 | $82.4M | $2.3M | +2.92% |
| Q4 2013 | 2013-12-31 | $90.2M | $5.0M | +5.88% |
| Q3 2013 | 2013-09-30 | $83.9M | $239,000 | +0.29% |
| Q2 2013 | 2013-06-30 | $78.5M | $57,000 | +0.07% |
| Q1 2013 | 2013-03-31 | $80.0M | −$1.4M | −1.74% |
| Q4 2012 | 2012-12-31 | $85.2M | $7.5M | +9.69% |
| Q3 2012 | 2012-09-30 | $83.7M | −$6.8M | −7.49% |
| Q2 2012 | 2012-06-30 | $78.4M | −$9.7M | −11.04% |
| Q1 2012 | 2012-03-31 | $81.4M | −$9.0M | −9.93% |
| Q4 2011 | 2011-12-31 | $77.6M | −$9.2M | −10.60% |
| Q3 2011 | 2011-09-30 | $90.5M | $19.9M | +28.25% |
| Q2 2011 | 2011-06-30 | $88.2M | $12.8M | +17.01% |
| Q1 2011 | 2011-03-31 | $90.4M | $12.2M | +15.66% |
| Q4 2010 | 2010-12-31 | $86.8M | — | — |
| Q3 2010 | 2010-09-30 | $70.5M | $2.3M | +3.35% |
| Q2 2010 | 2010-06-30 | $75.3M | $12.8M | +20.46% |
| Q1 2010 | 2010-03-31 | $78.2M | — | — |
| Q3 2009 | 2009-09-30 | $68.2M | −$46.0M | −40.29% |
| Q2 2009 | 2009-06-30 | $62.6M | −$58.2M | −48.21% |
| Q3 2008 | 2008-09-30 | $114.3M | — | — |
| Q2 2008 | 2008-06-30 | $120.8M | — | — |
Steel Dynamics operating expenses trends
Over the last five fiscal years, Steel Dynamics's operating expenses increased from $587.6M to $916.2M, a change of $328.6M. The latest reported quarter, Q2 2026, shows $258.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Steel Dynamics source filings ↗