STEEL DYNAMICS INC（STLD）の決算・業績分析
STEEL DYNAMICS INCの2025年有価証券報告書をAI分析。売上高$18.2B(+3.6%)。営業利益$1.5B。Materials。
目次
STEEL DYNAMICS INCの2025年度 業績サマリー
STEEL DYNAMICS INC（証券コード: STLD）の2025年度決算・業績分析。売上高は$18.2B（前年比+3.6%）。営業利益は$1.5B（前年比-24.0%）。純利益は$1.2B（前年比-22.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
STEEL DYNAMICS INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 20.9% YoY to $22.3B (XBRL), driven by higher volumes and premium pricing for specialized steel grades.
- Operating income grew 18.4% YoY to $5.1B (XBRL), with operating margin expanding to 22.9% (XBRL).
- ROE reached 43.6% (XBRL), supported by strong net income growth (+20.2% YoY to $3.9B) and disciplined capital structure (D/E 0.68x).
- Shareholder returns totaled $2.0B (XBRL), including $1.8B in share repurchases and $237M in dividends.
STEEL DYNAMICS INCの売上高変化の要因
- •Total revenue reached $22.3B (XBRL), reflecting a 20.9% YoY increase from $18.4B in FY2023. Growth was driven by higher volumes shipped, premium pricing for specialized steel grades, and value-added processing (XBRL). Segment-specific revenue figures are not disclosed in the XBRL or 10-K text (N/A).
STEEL DYNAMICS INCの営業利益変化の要因
- •Gross profit was $6.1B (XBRL) with a 27.5% margin (XBRL), while operating income rose 18.4% YoY to $5.1B (XBRL) at a 22.9% margin (XBRL). Net income grew 20.2% YoY to $3.9B (XBRL) at a 17.4% margin (XBRL). Cost of sales is influenced by scrap prices, labor, utilities, and production efficiency (10-K).
STEEL DYNAMICS INCの事業リスクと対応
Economic downturns and trade policies may reduce demand and profitability (10-K).
Cyclical industries (e.g., construction, automotive) and supply chain disruptions could impact sales (10-K).
Credit risks from customers/suppliers may lead to uncollectible accounts or production interruptions (10-K).
Global steel overcapacity and imports may depress U.S. steel prices (10-K).
Currency fluctuations could increase steel imports, harming pricing (10-K).
Regulatory risks include changes in tax laws, environmental regulations, and trade policies (10-K).
STEEL DYNAMICS INCの今後の見通し・業績予想
STEEL DYNAMICS INCの事業内容
Steel Dynamics, Inc. is a domestic steel producer and metal recycler, generating revenue through manufacturing and selling steel products (flat rolled, structural shapes), processing and selling recycled ferrous and nonferrous metals, and fabricating steel joists and deck products (10-K). The company emphasizes value-added offerings and diversified end-market exposure, with key customers in automotive, industrial, and sustainable beverage can industries (10-K). Competitive advantages include a diversified product portfolio, strategic locations for cost efficiency, vertical integration, and innovation in sustainability (10-K).
STEEL DYNAMICS INCのAI業績分析レポート（2024年度）
Steel Dynamics Inc. (STLD) FY2024 Annual Report Analysis
Highlights
Business Overview
Steel Dynamics, Inc. is a domestic steel producer and metal recycler, generating revenue through manufacturing and selling steel products (flat rolled, structural shapes), processing and selling recycled ferrous and nonferrous metals, and fabricating steel joists and deck products (10-K). The company emphasizes value-added offerings and diversified end-market exposure, with key customers in automotive, industrial, and sustainable beverage can industries (10-K). Competitive advantages include a diversified product portfolio, strategic locations for cost efficiency, vertical integration, and innovation in sustainability (10-K).
Revenue Analysis
Total revenue reached $22.3B (XBRL), reflecting a 20.9% YoY increase from $18.4B in FY2023. Growth was driven by higher volumes shipped, premium pricing for specialized steel grades, and value-added processing (XBRL). Segment-specific revenue figures are not disclosed in the XBRL or 10-K text (N/A).
Profitability Analysis
Gross profit was $6.1B (XBRL) with a 27.5% margin (XBRL), while operating income rose 18.4% YoY to $5.1B (XBRL) at a 22.9% margin (XBRL). Net income grew 20.2% YoY to $3.9B (XBRL) at a 17.4% margin (XBRL). Cost of sales is influenced by scrap prices, labor, utilities, and production efficiency (10-K).
Balance Sheet Analysis
Equity ratio stood at 59.5% (XBRL), with long-term debt at $2.6B (XBRL) and net debt of $1.2B (0.2x EBITDA) (XBRL). Liquidity was strong, with $1.4B in cash (XBRL) and a current ratio of 2.91x (XBRL). Total assets grew to $14.9B (XBRL), while total equity reached $8.9B (XBRL).
Cash Flow Analysis
Operating cash flow was $4.5B (XBRL), with free cash flow (FCF) of $3.6B (XBRL) after $909M in CapEx (XBRL). Financing activities included $237M in dividends (XBRL) and $1.8B in share repurchases (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
Key trends include global steel overcapacity, scrap price volatility, energy cost fluctuations, and cyclical industry dynamics (10-K). Specific forward-looking guidance for FY2025 is not quantified in the XBRL or 10-K text (N/A).
Historical Time Series
Metric FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
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Revenue 11.8B 10.5B 9.6B 18.4B 22.3B 18.8B
Operating Income 1.7B 987M 847M 4.3B 5.1B 3.2B
Net Income 1.3B 678M 571M 3.2B 3.9B 2.5B
Total Assets 8.3B 9.3B 12.5B 14.2B 14.9B 14.9B
Total Equity 4.1B 4.3B 6.3B 8.1B 8.9B 8.9B
Operating Cash Flow 1.4B 1.4B 987M 2.2B 4.5B 3.5B
Materialsの企業一覧
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