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Steel Dynamics STLD Operating margin

Operating margin at other companies

Cleveland-Cliffs logo
Cleveland-CliffsCLF
-4.2%-1.5pp
Reliance logo
RelianceRS
7.8%+0.5pp
Worthington Steel logo
Worthington SteelWS
4.3%-0.5pp
Suncoke Energy logo
Suncoke EnergySXC
-3.8%-11.6pp
MP Materials logo
MP MaterialsMP
-54.6%-13.0pp
Ampco-Pittsburgh logo
Ampco-PittsburghAP
-12.7%-16.6pp

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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Gross margin14.7%+2.1pp
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 operating margin?
Steel Dynamics (STLD) reported operating margin of 10% in Q2 2026.
How has Steel Dynamics's operating margin changed year-over-year?
Steel Dynamics's operating margin increased by 33.0% year-over-year, from 7.5% to 10%.
What is the long-term trend for Steel Dynamics's operating margin?
Over 5 years (2020 to 2025), Steel Dynamics's operating margin has grown at a -1.6% compound annual growth rate (CAGR), from 8.8% to 8.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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