Steel Income Statement Research

STLD Stock

USD 134.16 3.14 2.29%

Most accounts from Steel Dynamics' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Steel Dynamics current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Steel Dynamics Valuation and Steel Dynamics Correlation analysis.

For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.

At present, Steel Dynamics' Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 19.7 B, whereas Selling General Administrative is forecasted to decline to about 342.8 M.

For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.At present, Steel Dynamics' Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 19.7 B, whereas Selling General Administrative is forecasted to decline to about 342.8 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.1B	1.0B	588.6M	348.9M
Cost Of Revenue	13.0B	16.1B	14.7B	15.5B

Total Operating Expenses Cost Of Revenue

Steel Dynamics income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.16	0.87	0.71	0.91	0.67	0.68	0.69	0.91	0.6	0.66	0.08	0.67	0.65	0.6	0.68	-0.39	-0.23	-0.01	0.65	-0.77	0.61	0.72	-0.56
Interest Expense	0.16		-0.17	-0.36	-0.09	-0.4	-0.38	-0.34	-0.08	-0.09	-0.42	-0.3	-0.42	-0.41	-0.13	-0.43	0.27	0.35	0.33	-0.42	0.37	-0.52	-0.44	0.26
Total Revenue	0.87	-0.17		0.96	0.99	0.94	0.94	0.94	0.99	0.77	0.94	0.24	0.94	0.93	0.78	0.94	-0.48	-0.43	-0.21	0.9	-0.8	0.83	0.86	-0.52
Gross Profit	0.71	-0.36	0.96		0.92	1.0	1.0	1.0	0.91	0.82	0.99	0.27	0.99	0.99	0.84	0.99	-0.48	-0.5	-0.27	0.97	-0.75	0.87	0.83	-0.42
Other Operating Expenses	0.91	-0.09	0.99	0.92		0.9	0.9	0.9	1.0	0.75	0.89	0.22	0.9	0.89	0.75	0.9	-0.47	-0.4	-0.18	0.85	-0.8	0.8	0.84	-0.54
Operating Income	0.67	-0.4	0.94	1.0	0.9		1.0	0.99	0.89	0.8	1.0	0.34	1.0	0.99	0.82	1.0	-0.45	-0.53	-0.35	0.97	-0.74	0.87	0.82	-0.4
Ebit	0.68	-0.38	0.94	1.0	0.9	1.0		1.0	0.9	0.81	1.0	0.28	1.0	0.99	0.83	0.99	-0.47	-0.5	-0.28	0.97	-0.73	0.86	0.82	-0.4
Ebitda	0.69	-0.34	0.94	1.0	0.9	0.99	1.0		0.89	0.85	0.99	0.24	0.99	0.98	0.86	0.98	-0.46	-0.48	-0.27	0.97	-0.71	0.85	0.79	-0.34
Cost Of Revenue	0.91	-0.08	0.99	0.91	1.0	0.89	0.9	0.89		0.73	0.89	0.23	0.89	0.88	0.73	0.9	-0.47	-0.39	-0.18	0.84	-0.8	0.79	0.85	-0.56
Total Operating Expenses	0.6	-0.09	0.77	0.82	0.75	0.8	0.81	0.85	0.73		0.78	-0.02	0.78	0.76	1.0	0.76	-0.38	-0.37	-0.16	0.85	-0.54	0.74	0.5	0.1
Income Before Tax	0.66	-0.42	0.94	0.99	0.89	1.0	1.0	0.99	0.89	0.78		0.36	1.0	0.99	0.8	1.0	-0.45	-0.53	-0.36	0.97	-0.76	0.87	0.84	-0.43
Total Other Income Expense Net	0.08	-0.3	0.24	0.27	0.22	0.34	0.28	0.24	0.23	-0.02	0.36		0.35	0.37	-0.01	0.36	0.19	-0.47	-0.9	0.26	-0.42	0.25	0.38	-0.4
Net Income	0.67	-0.42	0.94	0.99	0.9	1.0	1.0	0.99	0.89	0.78	1.0	0.35		0.99	0.8	1.0	-0.45	-0.53	-0.35	0.97	-0.76	0.87	0.84	-0.43
Income Tax Expense	0.65	-0.41	0.93	0.99	0.89	0.99	0.99	0.98	0.88	0.76	0.99	0.37	0.99		0.78	0.99	-0.45	-0.52	-0.37	0.96	-0.73	0.85	0.84	-0.44
Selling General Administrative	0.6	-0.13	0.78	0.84	0.75	0.82	0.83	0.86	0.73	1.0	0.8	-0.01	0.8	0.78		0.78	-0.39	-0.38	-0.16	0.87	-0.56	0.76	0.52	0.08
Net Income From Continuing Ops	0.68	-0.43	0.94	0.99	0.9	1.0	0.99	0.98	0.9	0.76	1.0	0.36	1.0	0.99	0.78		-0.46	-0.54	-0.35	0.97	-0.78	0.88	0.86	-0.47
Non Operating Income Net Other	-0.39	0.27	-0.48	-0.48	-0.47	-0.45	-0.47	-0.46	-0.47	-0.38	-0.45	0.19	-0.45	-0.45	-0.39	-0.46		0.29	-0.1	-0.44	0.32	-0.6	-0.5	0.3
Minority Interest	-0.23	0.35	-0.43	-0.5	-0.4	-0.53	-0.5	-0.48	-0.39	-0.37	-0.53	-0.47	-0.53	-0.52	-0.38	-0.54	0.29		0.58	-0.51	0.53	-0.64	-0.5	0.25
Non Recurring	-0.01	0.33	-0.21	-0.27	-0.18	-0.35	-0.28	-0.27	-0.18	-0.16	-0.36	-0.9	-0.35	-0.37	-0.16	-0.35	-0.1	0.58		-0.31	0.4	-0.34	-0.28	0.15
Tax Provision	0.65	-0.42	0.9	0.97	0.85	0.97	0.97	0.97	0.84	0.85	0.97	0.26	0.97	0.96	0.87	0.97	-0.44	-0.51	-0.31		-0.74	0.86	0.81	-0.29
Interest Income	-0.77	0.37	-0.8	-0.75	-0.8	-0.74	-0.73	-0.71	-0.8	-0.54	-0.76	-0.42	-0.76	-0.73	-0.56	-0.78	0.32	0.53	0.4	-0.74		-0.82	-0.81	0.63
Net Interest Income	0.61	-0.52	0.83	0.87	0.8	0.87	0.86	0.85	0.79	0.74	0.87	0.25	0.87	0.85	0.76	0.88	-0.6	-0.64	-0.34	0.86	-0.82		0.8	-0.43
Reconciled Depreciation	0.72	-0.44	0.86	0.83	0.84	0.82	0.82	0.79	0.85	0.5	0.84	0.38	0.84	0.84	0.52	0.86	-0.5	-0.5	-0.28	0.81	-0.81	0.8		-0.66
Extraordinary Items	-0.56	0.26	-0.52	-0.42	-0.54	-0.4	-0.4	-0.34	-0.56	0.1	-0.43	-0.4	-0.43	-0.44	0.08	-0.47	0.3	0.25	0.15	-0.29	0.63	-0.43	-0.66

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Steel Dynamics Account Relationship Matchups

Steel Dynamics income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	127.1M	94.9M	57.2M	91.5M	76.5M	84.4M
Total Revenue	10.5B	9.6B	18.4B	22.3B	18.8B	19.7B
Gross Profit	1.5B	1.4B	5.4B	6.1B	4.0B	4.2B
Operating Income	986.9M	847.1M	4.3B	5.1B	3.2B	3.3B
Ebit	986.9M	847.1M	4.3B	5.1B	3.2B	3.3B
Ebitda	1.3B	1.1B	4.6B	5.5B	3.2B	3.3B
Cost Of Revenue	9.0B	8.2B	13.0B	16.1B	14.7B	15.5B
Income Before Tax	875.3M	705.5M	4.2B	5.0B	3.2B	3.4B
Net Income	671.1M	550.8M	3.2B	3.9B	2.5B	2.6B
Income Tax Expense	197.4M	134.7M	962.3M	1.1B	751.6M	789.2M
Minority Interest	(6.8M)	(20.0M)	(32.7M)	(16.8M)	(17.8M)	(16.9M)
Tax Provision	197.4M	134.7M	962.3M	1.1B	755.9M	463.5M
Net Interest Income	(127.1M)	(94.9M)	(57.2M)	(91.5M)	(85.5M)	(89.8M)

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When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:

How To Invest In Steel

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Is Steel Stock a good investment?

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What is Steel Dynamics' Net Worth?

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Check out Steel Dynamics Valuation and Steel Dynamics Correlation analysis.

For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.

You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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When running Steel Dynamics' price analysis, check to measure Steel Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.

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Is Steel Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.28)

Dividend Share

1.7

Earnings Share

14.64

Revenue Per Share

112.85

Quarterly Revenue Growth

(0.12)

The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Steel Income Statement Research

Steel Dynamics income statement Correlations

Steel Dynamics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steel Dynamics income statement Accounts

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COMMON DESTINATIONS

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Operating Income	+ 1.0	Gross Profit
Ebit	+ 1.0	Gross Profit
Ebitda	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income

Non Recurring	- 0.9	Total Other Income Expense Net
Net Interest Income	- 0.82	Interest Income
Reconciled Depreciation	- 0.81	Interest Income
Interest Income	- 0.8	Cost Of Revenue
Interest Income	- 0.8	Other Operating Expenses
Interest Income	- 0.8	Total Revenue