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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total net sales $ 5,204,858 $ 4,369,195
Costs of goods sold 4,441,635 3,882,651
Gross profit 763,223 486,544
Selling, general and administrative expenses 175,220 181,808
Profit sharing 42,198 22,695
Amortization of intangible assets 7,801 6,897
Operating income 538,004 275,144
Interest expense, net of capitalized interest 33,241 12,131
Other income, net (8,450) (17,641)
Income before income taxes 513,213 280,654
Income tax expense 113,108 62,975
Net income 400,105 217,679
Net loss (income) attributable to noncontrolling interests 3,331 (528)
Net income attributable to Steel Dynamics, Inc. $ 403,436 $ 217,151
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 2.79 $ 1.45
Weighted average common shares outstanding (in shares) 144,797 150,262
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 2.78 $ 1.44
Weighted average common shares and share equivalents outstanding (in shares) 145,321 150,809
Dividends declared per share (in dollars per share) $ 0.53 $ 0.5
Unrelated parties    
Total net sales $ 5,185,334 $ 4,241,499
Related parties    
Total net sales $ 19,524 $ 127,696