Opening its yearly report…Finding every part…Pulling out what matters…
Opening its yearly report…Finding every part…Pulling out what matters…
STLDSteel Dynamics Inc
Once a year, every US-listed company files a full report with the SEC called the 10-K. It's longer and more detailed than the glossy annual report sent to shareholders, and its figures are checked by an independent auditor. Here is Steel Dynamics's latest one, part by part: what each part is, why people read it, and what it says. Filed Feb 27, 2026, covering the period to Dec 31, 2025.
Found by candor in the report's own text. Green means the usual, reassuring wording was found; amber means read that part.
About 83 pages, roughly 4 hours to read in full
Point at or tap a block to see which part it is. The longest parts are usually the risks, the managers' discussion and the financial statements.
Each risk heading sorted by the words it uses. Open “What could go wrong” below to read them all.
The statements only show totals. The 16 notes explain each one: how Steel Dynamics counts sales, what it owes and when, its tax bill, its leases, its business segments and more. Open a note to read it and see its tables.
Filed with the SEC on Feb 27, 2026, for the period ending Dec 31, 2025. Open the original report. Plain-English names and explanations are candor's; anything in quotation marks is Steel Dynamics's own words.