Skip to content

Steel Dynamics STLD Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin14%+0.9pp13.2%+0.1pp13.1%+0.5pp12.5%-0.9pp13.4%-2.6pp
Operating margin9.1%+1.0pp8.1%+0.2pp8%+0.4pp7.5%-1.0pp8.5%-2.6pp
Net margin7.2%+0.7pp6.5%+0.1pp6.4%+0.3pp6.1%-0.7pp6.8%-2.0pp
Returns
Return on equity15.3%+2.0pp13.3%+0.8pp12.5%+0.9pp11.6%-1.5pp13.1%-4.2pp
Return on invested capital11.2%+1.5pp9.7%+0.3pp9.4%+0.7pp8.7%-1.4pp10.1%-3.5pp
Efficiency
Asset turnover1.2×0.0×1.2×0.0×1.1×0.0×1.1×0.0×1.1×-0.1×
Liquidity
Current ratio3.1×+0.1×3.1×-0.1×3.1×0.0×3.1×+0.4×2.7×+0.2×
Leverage
Debt-to-equity0.5×0.0×0.5×+0.1×0.4×0.0×0.4×0.0×0.5×+0.1×
Net debt / EBITDA1.6×-0.2×1.8×+0.2×1.6×-0.3×1.8×+0.3×1.5×+0.4×
Per Share
Book value per share$63.07+4.5%$60.36-1.0%$60.94+2.4%$59.51+1.7%$58.52+2.3%
Valuation
Market capitalization$26.05B+5.3%$24.75B+20.6%$20.52B+7.8%$19.03B+1.5%$18.75B+8.0%
Price / earnings19×-1.9×20.9×+2.7×18.2×-0.1×18.3×+2.3×16×+4.7×
Price / sales1.4×0.0×1.4×+0.2×1.2×+0.1×1.1×0.0×1.1×+0.1×
Price / book2.8×+0.1×2.8×+0.5×2.3×+0.1×2.1×0.0×2.1×+0.2×
EV / EBITDA12.8×-1.2×14×+1.8×12.2×-0.2×12.4×+1.3×11.1×+2.8×
Dividend yield1.1%0.0pp1.2%-0.2pp1.4%-0.1pp1.5%0.0pp1.5%-0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

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.