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Steel Dynamics STLD Gross margin

Gross margin at other companies

Nucor logo
NucorNUE
14%+3.5pp
Reliance logo
RelianceRS
28.6%-0.7pp
Alcoa logo
AlcoaAA
15.2%-5.2pp
Carpenter Technology logo
Carpenter TechnologyCRS
29.7%+4.2pp
ATI logo
ATIATI
22.5%+1.5pp
Republic Services logo
Republic ServicesRSG
42%0.0pp

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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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×
Current ratio3.1×+0.4×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on trailing twelve months.

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 gross margin?
Steel Dynamics (STLD) reported gross margin of 14% in Q1 2026.
How has Steel Dynamics's gross margin changed year-over-year?
Steel Dynamics's gross margin increased by 4.7% year-over-year, from 13.4% to 14%.
What is the long-term trend for Steel Dynamics's gross margin?
Over 4 years (2021 to 2025), Steel Dynamics's gross margin has grown at a -13.5% compound annual growth rate (CAGR), from 93.2% to 52.2%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.