STLDSteel Dynamics
Steel Dynamics, Inc. is a leading industrial metals solutions company, with facilities located throughout the United States and Mexico. 10-K, Item 1
- Employees
- 14,400
- Headquarters
- Fort Wayne, IN
- CEO
- Mark D. Millett
- Next results
- around Jan 26, 2027
What changed
10-K filed Feb 27, 2026 against Feb 28, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 3 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Receivables growing faster than revenue | Receivables +18.7% vs revenue +3.6% (+15.1 pts) | 10-K · XBRL |
| Inventory growing faster than revenue | Inventory +20.1% vs revenue +3.6% (+16.4 pts) | 10-K · XBRL |
| Critical audit matters changed | New this year: Valuation of Acquired Customer Relationships Intangible Asset (“Description of As described in Note 2 to the consolidated financial statements, on December 1, 2025, the Company completed the acquisition of the remaining 55% interest in New Process Steel, L.P. for a purchase price of $229 million. The Company measured the assets and liabilities assumed at fair va”). Same as last year: Valuation of Goodwill; Addressed the; Matter in Our; Audit; Addressed the; Matter in Our; Audit | 10-K · XBRL |
| Accounting checks | 8 other checks clear, 3 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 27, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.
We may experience difficulties in the launch or production ramp-up of new products which may adversely affect our business. As we ramp up manufacturing processes for newly introduced products, we may experience difficulties, including manufacturing disruptions, delays, or other complications, which could adversely affect our ability to…
10-K, Item 1A
Accounting checks
latest 10-K8 of 11 clear 3 worth a look. Checks, not verdicts.
- !Receivables growing faster than revenueReceivables +18.7% vs revenue +3.6% (+15.1 pts)
- !Inventory growing faster than revenueInventory +20.1% vs revenue +3.6% (+16.4 pts)
- !Critical audit matters changedNew this year: Valuation of Acquired Customer Relationships Intangible Asset (“Description of As described in Note 2 to the consolidated financial statements, on December 1, 2025, the Company completed the acquisition of the remaining 55% interest in New Process Steel, L.P. for a purchase price of $229 million. The Company measured the assets and liabilities assumed at fair va”). Same as last year: Valuation of Goodwill; Addressed the; Matter in Our; Audit; Addressed the; Matter in Our; Audit
- ✓Cash from operations $1.4B vs net income $1.2B (FY ending 2025-12-31)
- ✓Same auditor in both 10-Ks: Ernst & Young LLP
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Oct 23, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Oct 20, 20268-K Quarterly results 8-K item 2.02
- Oct 19, 20268-K Other events 8-K item 8.01
Get an email when this changes: new risk paragraphs, accounting items, insider purchases, a new 10-K or 10-Q.
RSS feed
Work on STLD in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/STLD/export.csv") into a cell.