Steel Dynamics STLD Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14%+0.9pp | 13.2%+0.1pp | 13.1%+0.5pp | 12.5%-0.9pp | 13.4%-2.6pp | |
| Operating margin | 9.1%+1.0pp | 8.1%+0.2pp | 8%+0.4pp | 7.5%-1.0pp | 8.5%-2.6pp | |
| Net margin | 7.2%+0.7pp | 6.5%+0.1pp | 6.4%+0.3pp | 6.1%-0.7pp | 6.8%-2.0pp | |
| Returns | ||||||
| Return on equity | 15.3%+2.0pp | 13.3%+0.8pp | 12.5%+0.9pp | 11.6%-1.5pp | 13.1%-4.2pp | |
| Return on invested capital | 11.2%+1.5pp | 9.7%+0.3pp | 9.4%+0.7pp | 8.7%-1.4pp | 10.1%-3.5pp | |
| Efficiency | ||||||
| Asset turnover | 1.2×0.0× | 1.2×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×-0.1× | |
| Liquidity | ||||||
| Current ratio | 3.1×+0.1× | 3.1×-0.1× | 3.1×0.0× | 3.1×+0.4× | 2.7×+0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0.5×0.0× | 0.5×+0.1× | 0.4×0.0× | 0.4×0.0× | 0.5×+0.1× | |
| Net debt / EBITDA | 1.6×-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 / earnings | 19×-1.9× | 20.9×+2.7× | 18.2×-0.1× | 18.3×+2.3× | 16×+4.7× | |
| Price / sales | 1.4×0.0× | 1.4×+0.2× | 1.2×+0.1× | 1.1×0.0× | 1.1×+0.1× | |
| Price / book | 2.8×+0.1× | 2.8×+0.5× | 2.3×+0.1× | 2.1×0.0× | 2.1×+0.2× | |
| EV / EBITDA | 12.8×-1.2× | 14×+1.8× | 12.2×-0.2× | 12.4×+1.3× | 11.1×+2.8× | |
| Dividend yield | 1.1%0.0pp | 1.2%-0.2pp | 1.4%-0.1pp | 1.5%0.0pp | 1.5%-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.
