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Steel Dynamics STLD Current ratio

Current ratio at other companies

Nucor logo
NucorNUE
2.9×+0.4×
Reliance logo
RelianceRS
4.4×+1.2×
Alcoa logo
AlcoaAA
1.5×-0.2×
Carpenter Technology logo
Carpenter TechnologyCRS
3.7×0.0×
CSX logo
CSXCSX
+0.1×
ATI logo
ATIATI
2.7×+0.1×

Other financials

Income statement

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Revenue$5.2B+19.1%
Gross profit$763.2M+56.9%
Operating income$538.0M+95.5%
Net income$403.4M+85.8%
EPS (diluted)$2.78+93.1%

Balance sheet

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Cash & equivalents$556.5M-53.1%
Total debt$4.2B+0.1%
Total equity$9.2B+3.9%
Total assets$16.7B+5.0%

Cash flow

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Operating cash flow$148.3M-2.8%
CapEx$138.0M-54.8%
Free cash flow$10.3M+107%

Valuation

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Market cap$38.96B+38.9%
Enterprise value$42.6B+36.5%
P/E28.4×+4.4×
P/S2.1×+0.4×

Profitability

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Gross margin14%+0.6pp
Operating margin9.1%+0.6pp
Net margin7.2%+0.4pp

Returns & leverage

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Return on equity15.3%+2.2pp
Debt / equity0.5×0.0×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on the most recent quarter.

The official record: Steel Dynamics’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Steel Dynamics's current ratio?
Steel Dynamics (STLD) reported current ratio of 3.1× in Q1 2026.
How has Steel Dynamics's current ratio changed year-over-year?
Steel Dynamics's current ratio increased by 14.1% year-over-year, from 2.7× to 3.1×.
What is the long-term trend for Steel Dynamics's current ratio?
Over 4 years (2021 to 2025), Steel Dynamics's current ratio has grown at a 0.5% compound annual growth rate (CAGR), from 11.8× to 12×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.