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Compared to Estimates, Steel Dynamics (STLD) Q2 Earnings: A Look at Key Metrics

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Steel Dynamics (STLD - Free Report) reported $4.57 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 1.5%. EPS of $2.01 for the same period compares to $2.72 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.63 billion, representing a surprise of -1.34%. The company delivered an EPS surprise of -1.95%, with the consensus EPS estimate being $2.05.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Steel Dynamics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Steel - Average external sales price (Per ton): 1,134.00 $/ton compared to the 1,101.03 $/ton average estimate based on four analysts.
  • Steel Fabrication - Shipments (Tons): 135.35 KTon versus 144.29 KTon estimated by four analysts on average.
  • Steel - Average ferrous cost (Per ton melted): 408.00 $/ton versus the four-analyst average estimate of 395.66 $/ton.
  • Steel Fabrication - Average sales price (Per ton): 2,517.00 $/ton versus the four-analyst average estimate of 2,623.74 $/ton.
  • Steel - External Shipments (Tons): 2,888.92 KTon versus the four-analyst average estimate of 3,060.73 KTon.
  • Steel - Long Product shipments - Structural and Rail Division: 468.83 KTon versus 430.02 KTon estimated by three analysts on average.
  • Steel - Long Product shipments - Engineered Bar Products Division: 190.61 KTon compared to the 194.40 KTon average estimate based on three analysts.
  • Steel - Long Product shipments - Roanoke Bar Division: 151.83 KTon versus the three-analyst average estimate of 137.88 KTon.
  • External Net Sales- Steel: $3.28 billion versus $3.37 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change.
  • External Net Sales- Steel Fabrication: $340.65 million versus the four-analyst average estimate of $379.08 million. The reported number represents a year-over-year change of -28%.
  • External Net Sales- Metals Recycling: $522.72 million versus the four-analyst average estimate of $527.46 million. The reported number represents a year-over-year change of -10.9%.
  • External Net Sales- Other: $360.57 million versus the three-analyst average estimate of $339.09 million. The reported number represents a year-over-year change of -18.3%.

View all Key Company Metrics for Steel Dynamics here>>>

Shares of Steel Dynamics have returned +4.6% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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