Steel Historical Income Statement
| STLD Stock | USD 143.83 0.20 0.14% |
Historical analysis of Steel Dynamics income statement accounts such as Other Operating Expenses of 16.1 B, Operating Income of 3.3 B, EBIT of 3.3 B or Ebitda of 3.3 B can show how well Steel Dynamics performed in making a profits. Evaluating Steel Dynamics income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Steel Dynamics's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Steel Dynamics latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Steel Dynamics is a good buy for the upcoming year.
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About Steel Income Statement Analysis
Steel Dynamics Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Steel Dynamics shareholders. The income statement also shows Steel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Steel Dynamics Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Steel Dynamics generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Steel Dynamics. It is also known as Steel Dynamics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Steel Dynamics income statement and represents the costs associated with goods and services Steel Dynamics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Steel Dynamics income statement and is an important metric when analyzing Steel Dynamics profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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 World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic 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.
| 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 |
Steel Dynamics income statement Correlations
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Steel Dynamics Account Relationship Matchups
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Steel Dynamics income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 336.6M | 325.8M | 347.7M | 384.2M | 437.8M | 459.7M | |
| 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 | |
| Other Operating Expenses | 9.5B | 8.7B | 14.1B | 17.2B | 15.3B | 16.1B | |
| Operating Income | 986.9M | 847.1M | 4.3B | 5.1B | 3.2B | 3.3B | |
| Ebit | 986.9M | 866.6M | 4.3B | 5.1B | 3.2B | 3.3B | |
| Ebitda | 1.3B | 1.2B | 4.6B | 5.5B | 3.2B | 3.3B | |
| Cost Of Revenue | 9.0B | 8.2B | 13.0B | 16.1B | 14.7B | 15.5B | |
| Total Operating Expenses | 544.1M | 568.2M | 1.1B | 1.0B | 588.6M | 348.9M | |
| Income Before Tax | 875.3M | 705.5M | 4.2B | 5.0B | 3.2B | 3.4B | |
| Total Other Income Expense Net | (111.5M) | (141.7M) | (92.0M) | (70.8M) | 67.8M | 71.2M | |
| 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 | |
| Selling General Administrative | 514.5M | 539.2M | 1.0B | 998.2M | 574.0M | 342.8M | |
| Net Income Applicable To Common Shares | 671.1M | 550.8M | 3.2B | 3.9B | 4.4B | 4.7B | |
| Net Income From Continuing Ops | 677.9M | 570.8M | 3.2B | 3.9B | 2.7B | 2.8B | |
| Non Operating Income Net Other | 24.0M | 15.6M | (46.8M) | (34.8M) | (31.3M) | (29.8M) | |
| 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) | |
| Reconciled Depreciation | 321.1M | 325.8M | 347.7M | 384.2M | 428.3M | 380.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Metals & Mining space 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 (0.41) | Dividend Share 1.805 | Earnings Share 11.12 | Revenue Per Share 113.479 | Quarterly Revenue Growth (0.05) |
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.