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Steel Dynamics STLD Gross margin

Gross margin at other companies

Commercial Metals logo
Commercial MetalsCMC
18.6%+3.6pp
Nucor logo
NucorNUE
14%+3.5pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-1.1%
Reliance logo
RelianceRS
28.2%-1.1pp
Metallus logo
MetallusMTUS
8.3%+1.7pp
Worthington Steel logo
Worthington SteelWS
11.7%-0.9pp

Other financials

Income statement

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Revenue$6.1B+33.4%
Gross profit$959.0M+55.1%
Operating income$700.5M+83.0%
Net income$534.1M+78.8%
EPS (diluted)$3.69+83.6%

Balance sheet

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Cash & equivalents$567.7M+23.9%
Total debt$4.2B+10.6%
Total equity$9.4B+6.3%
Total assets$17.1B+10.1%

Cash flow

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Operating cash flow$427.9M+41.9%
CapEx$123.8M-57.0%
Free cash flow$304.1M+2,190%

Valuation

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Market cap$36.01B+99.9%
Enterprise value$39.63B+85.7%
P/E22.4×+5.1×
P/S1.8×+0.7×

Profitability

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Operating margin10%+2.5pp
Net margin7.8%+1.8pp
FCF margin4.7%+4.2pp

Returns & leverage

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Return on equity17.6%+6.0pp
Debt / equity0.4×0.0×
Current ratio3.2×+0.1×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on trailing twelve months.

The source filing: Steel Dynamics’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 11:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-087414

FAQ

What is Steel Dynamics's gross margin?
Steel Dynamics (STLD) reported gross margin of 14.7% in Q2 2026.
How has Steel Dynamics's gross margin changed year-over-year?
Steel Dynamics's gross margin increased by 16.8% year-over-year, from 12.5% to 14.7%.
What is the long-term trend for Steel Dynamics's gross margin?
Over 5 years (2020 to 2025), Steel Dynamics's gross margin has grown at a -2.5% compound annual growth rate (CAGR), from 14.9% to 13.2%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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