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Pretax income is the income that a company earns before paying income taxes. Steel Dynamics's pretax income for the
three
months ended in Jun. 2026 was $683 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $2,021 Mil.
Steel Dynamics's pretax margin was 11.22%.
During the past 13 years, Steel Dynamics's highest Pretax Margin was 22.86%. The lowest was 7.25%. And the median was 10.55%.
During the past 13 years, Steel Dynamics's highest Pretax Margin was 22.86%. The lowest was 7.25%. And the median was 10.55%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steel Dynamics Pre-Tax Income Related Terms
Steel Dynamics Pre-Tax Income Historical Data
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The historical data trend for Steel Dynamics's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, Steel Dynamics's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steel Dynamics Pre-Tax Income vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Pre-Tax Income falls into.
Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,021 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steel Dynamics (STLD) has a Pre-Tax Income of $2,021 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Steel Dynamics and its competitors.
Is Steel Dynamics' Pre-Tax Income too high?
Steel Dynamics' current Pre-Tax Income is $2,021 Mil. Overall, Steel Dynamics has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Pre-Tax Income compare to RS and NUE?
Steel Dynamics' Pre-Tax Income of $2,021 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Steel company?
A good Pre-Tax Income depends on the Steel industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Steel Dynamics and its competitors. Steel Dynamics's current Pre-Tax Income is $2,021 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Steel Dynamics (STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $171.67, compared to a current price of $255.77 — trading 49% above its estimated fair value. The current Pre-Tax Income is $2,021 Mil. Steel Dynamics' overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Steel Dynamics (STLD), the current Pre-Tax Income is $2,021 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steel Dynamics (STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of $255.77 is trading 49% above its estimated GF Value™ of $171.67.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for STLD:
Pre-Tax Income: $2,021 Mil
GF Value™: $171.67 vs. price of $255.77 (49% above fair value)
No single metric tells the full story. See the STLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
88GF Score
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Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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