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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total net sales $ 4,828,215 $ 4,341,615 $ 13,762,533 $ 13,668,252
Costs of goods sold 4,070,335 3,736,398 11,899,641 11,307,400
Gross profit 757,880 605,217 1,862,892 2,360,852
Selling, general and administrative expenses 200,844 167,692 580,662 487,215
Profit sharing 42,389 34,444 95,790 145,149
Amortization of intangible assets 6,890 7,644 20,684 22,953
Operating income 507,757 395,437 1,165,756 1,705,535
Interest expense, net of capitalized interest 13,573 17,071 43,085 41,768
Other (income) expense, net (19,662) (29,659) (59,695) (75,151)
Income before income taxes 513,846 408,025 1,182,366 1,738,918
Income tax expense 109,920 87,131 259,570 398,834
Net income 403,926 320,894 922,796 1,340,084
Net income attributable to noncontrolling interests (241) (3,092) (3,234) (10,243)
Net income attributable to Steel Dynamics, Inc. $ 403,685 $ 317,802 $ 919,562 $ 1,329,841
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 2.75 $ 2.06 $ 6.19 $ 8.5
Weighted average common shares outstanding (in shares) 146,947 154,061 148,532 156,528
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 2.74 $ 2.05 $ 6.17 $ 8.46
Weighted average common shares and share equivalents outstanding (in shares) 147,600 154,810 149,123 157,248
Dividends declared per share (in dollars per share) $ 0.5 $ 0.46 $ 1.5 $ 1.38
Unrelated parties        
Total net sales $ 4,651,398 $ 4,162,651 $ 13,233,695 $ 13,103,464
Related parties        
Total net sales $ 176,817 $ 178,964 $ 528,838 $ 564,788