Stock Analysis on Net
Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Common-Size Income Statement 
Quarterly Data

Steel Dynamics Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Unrelated parties 96.23 96.00 97.14 99.88 99.87 99.74 99.80 99.80 99.85 99.94 99.86 99.86 99.86 99.85 99.90 99.85 99.92 99.78 99.75 98.36 98.19 98.18 97.95
Related parties 3.77 4.00 2.86 0.12 0.13 0.26 0.20 0.20 0.15 0.06 0.14 0.14 0.14 0.15 0.10 0.15 0.08 0.22 0.25 1.64 1.81 1.82 2.05
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Costs of goods sold -74.09 -69.69 -68.00 -66.82 -68.54 -73.13 -77.42 -83.00 -87.44 -86.42 -83.88 -86.54 -85.76 -84.80 -84.61 -82.05 -78.72 -78.90 -82.20 -86.27 -83.77 -83.58 -80.06
Gross profit 25.91% 30.31% 32.00% 33.18% 31.46% 26.87% 22.58% 17.00% 12.56% 13.58% 16.12% 13.46% 14.24% 15.20% 15.39% 17.95% 21.28% 21.10% 17.80% 13.73% 16.23% 16.42% 19.94%
Selling, general and administrative expenses -2.35 -1.91 -2.73 -3.43 -3.10 -3.46 -4.23 -5.27 -5.07 -5.22 -4.38 -4.76 -4.24 -3.84 -3.94 -3.67 -3.18 -3.27 -4.09 -4.12 -3.97 -4.12 -4.35
Profit sharing -1.86 -2.25 -2.31 -2.70 -2.24 -1.84 -1.38 -0.75 -0.51 -0.43 -0.83 -0.58 -0.71 -0.83 -0.84 -1.44 -1.41 -1.37 -1.02 -0.92 -0.87 -0.89 -1.15
Amortization of intangible assets -0.12 -0.12 -0.13 -0.14 -0.14 -0.17 -0.21 -0.29 -0.30 -0.34 -0.28 -0.38 -0.27 -0.25 -0.25 -0.26 -0.20 -0.22 -0.27 -0.30 -0.30 -0.31 -0.31
Asset impairment charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income 21.58% 26.04% 26.84% 26.91% 25.98% 21.40% 16.76% 9.95% 6.69% 7.58% 10.63% 7.74% 9.02% 10.29% 10.36% 12.59% 16.49% 16.24% 12.42% 8.39% 11.09% 11.10% 14.13%
Interest expense, net of capitalized interest -0.45 -0.41 -0.30 -0.23 -0.25 -0.33 -0.49 -0.78 -0.81 -1.32 -1.09 -1.38 -1.24 -1.17 -1.10 -1.09 -0.98 -1.02 -1.22 -1.39 -1.40 -1.42 -1.43
Other income (expense), net 0.25 0.06 -0.37 -0.15 -0.13 -0.22 -0.28 -0.68 -0.15 -1.34 0.10 0.02 0.18 0.15 0.23 0.25 0.22 0.16 0.17 -0.09 -0.10 0.16 0.15
Income before income taxes 21.38% 25.70% 26.17% 26.53% 25.60% 20.85% 15.99% 8.49% 5.72% 4.92% 9.64% 6.39% 7.96% 9.27% 9.48% 11.75% 15.73% 15.38% 11.37% 6.91% 9.59% 9.84% 12.85%
Income tax expense -5.13 -6.14 -6.29 -5.90 -5.94 -4.90 -3.61 -0.92 -1.25 -1.16 -2.23 -1.12 -1.93 -2.17 -2.21 -2.46 -3.39 -3.65 -2.71 6.07 -3.41 -3.45 -4.46
Net income 16.25% 19.55% 19.88% 20.63% 19.66% 15.95% 12.38% 7.57% 4.47% 3.76% 7.41% 5.26% 6.04% 7.10% 7.27% 9.29% 12.34% 11.73% 8.66% 12.98% 6.18% 6.40% 8.39%
Net (income) loss attributable to noncontrolling interests -0.07 -0.08 -0.06 -0.10 -0.18 -0.22 -0.23 -0.35 -0.18 -0.16 -0.14 -0.10 -0.06 -0.09 -0.02 0.01 0.01 0.00 0.08 0.07 0.09 0.04 0.09
Net income attributable to Steel Dynamics, Inc. 16.18% 19.47% 19.82% 20.53% 19.47% 15.73% 12.15% 7.22% 4.30% 3.60% 7.28% 5.17% 5.98% 7.01% 7.25% 9.30% 12.36% 11.73% 8.74% 13.04% 6.27% 6.44% 8.48%

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Steel Dynamics Inc. operating income as a percentage of net sales decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Steel Dynamics Inc. income before income taxes as a percentage of net sales decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Net income attributable to Steel Dynamics, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Steel Dynamics Inc. net income attributable to Steel Dynamics, Inc. as a percentage of net sales decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.