What are Steel Dynamics's profit margins?

Steel Dynamics (STLD) runs a 14.0% gross margin and a 9.1% operating margin, with a 7.2% net margin.

Where do Steel Dynamics's ratios come from?

Every ratio is computed from Steel Dynamics's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Steel Dynamics STLD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	14%+0.6pp	13.2%-2.8pp	13.1%-4.2pp	12.5%-6.4pp	13.4%-7.9pp
Operating margin	9.1%+0.6pp	8.1%-3.0pp	8%-4.5pp	7.5%-6.6pp	8.5%-8.0pp
Net margin	7.2%+0.4pp	6.5%-2.2pp	6.4%-3.4pp	6.1%-5.0pp	6.8%-6.1pp
Returns
Return on equity	15.3%+2.2pp	13.3%-4.0pp	12.5%-7.0pp	11.6%-11.0pp	13.1%-14.5pp
Return on invested capital	11.2%+1.1pp	9.7%-3.9pp	9.4%-6.3pp	8.7%-9.5pp	10.1%-12.5pp
Efficiency
Asset turnover	1.2×+0.1×	1.2×0.0×	1.1×-0.1×	1.1×-0.1×	1.1×-0.2×
Liquidity
Current ratio	3.1×+0.4×	3.1×+0.5×	3.1×+0.7×	3.1×+0.8×	2.7×-0.1×
Leverage
Debt-to-equity	0.5×0.0×	0.5×+0.1×	0.4×0.0×	0.4×+0.1×	0.5×+0.1×
Net debt / EBITDA	1.6×0.0×	1.8×+0.6×	1.6×+0.6×	1.8×+1.1×	1.5×+1.0×
Per Share
Book value per share	$63.07+7.8%	$60.36+5.5%	$60.94+3.9%	$59.51+2.7%	$58.52+2.8%
Valuation
Market capitalization	$26.05B+38.9%	$24.75B+42.5%	$20.52B+3.8%	$19.03B-7.4%	$18.75B-20.3%
Price / earnings	19×+3.0×	20.9×+9.6×	18.2×+6.9×	18.3×+8.1×	16×+6.2×
Price / sales	1.4×+0.3×	1.4×+0.4×	1.2×+0.1×	1.1×0.0×	1.1×-0.2×
Price / book	2.8×+0.7×	2.8×+0.8×	2.3×+0.1×	2.1×-0.1×	2.1×-0.5×
EV / EBITDA	12.8×+1.7×	14×+5.7×	12.2×+3.8×	12.4×+4.8×	11.1×+3.8×
Dividend yield	1.1%-0.4pp	1.2%-0.5pp	1.4%0.0pp	1.5%+0.1pp	1.5%+0.3pp

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Questions, answered.

What are Steel Dynamics's profit margins?: Steel Dynamics (STLD) runs a 14.0% gross margin and a 9.1% operating margin, with a 7.2% net margin.
Where do Steel Dynamics's ratios come from?: Every ratio is computed from Steel Dynamics's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.