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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	52.8%+0.6pp	52.2%-2.8pp	55%-4.2pp	59.2%-6.4pp	65.6%-7.9pp
Operating margin	32.8%+0.6pp	32.1%-3.0pp	35.1%-4.5pp	39.6%-6.6pp	46.1%-8.0pp
Net margin	26.2%+0.4pp	25.8%-2.2pp	28%-3.4pp	31.4%-5.0pp	36.5%-6.1pp
EBITDA margin	44.8%+0.8pp	44.1%-2.7pp	46.7%-4.1pp	50.8%-6.1pp	56.8%-7.5pp
Free cash flow margin	7.4%+4.4pp	3%+2.9pp	0.1%-0.7pp	0.7%-5.3pp	6%-8.1pp
Returns
Return on equity	52.5%+2.2pp	50.4%-4.0pp	54.4%-7.0pp	61.4%-11.0pp	72.4%-14.5pp
Return on assets	29.9%+0.8pp	29.1%-2.7pp	31.8%-4.3pp	36.1%-6.8pp	42.9%-8.8pp
Return on invested capital	39%+1.1pp	37.9%-3.9pp	41.8%-6.3pp	48.1%-9.5pp	57.6%-12.5pp
Efficiency
Asset turnover	4.6×+0.1×	4.5×0.0×	4.5×-0.1×	4.6×-0.1×	4.7×-0.2×
Inventory turnover	18.9×-0.2×	19.1×-0.3×	19.4×0.0×	19.5×-0.1×	19.5×0.0×
Liquidity
Current ratio	12.4×+0.4×	12×+0.5×	11.5×+0.7×	10.8×+0.8×	10×-0.1×
Quick ratio	5.4×0.0×	5.5×+0.2×	5.3×+0.2×	5.1×+0.1×	4.9×-0.2×
Cash ratio	1.3×-0.3×	1.5×+0.1×	1.4×0.0×	1.4×-0.1×	1.5×+0.1×
Leverage
Debt-to-equity	1.8×0.0×	1.8×+0.1×	1.7×0.0×	1.7×+0.1×	1.6×+0.1×
Debt-to-assets	1×0.0×	1×0.0×	1×0.0×	1×0.0×	0.9×+0.1×
Net debt / EBITDA	6.8×0.0×	6.7×+0.6×	6.1×+0.6×	5.5×+1.1×	4.4×+1.0×
Interest coverage	85.6×-6.9×	92.5×-13.4×	105.9×-15.0×	120.9×-23.1×	144×-20.5×
Per Share
Book value per share	$243.87+1.9%	$239.32+1.3%	$236.19+1.0%	$233.91+0.7%	$232.34+0.7%
Valuation
Market capitalization	$90.36B+8.8%	$83.05B+9.8%	$75.68B+1.0%	$74.93B-2.0%	$76.44B-5.9%
Enterprise value	$103.95B+8.3%	$96.01B+9.4%	$87.78B+1.3%	$86.68B-0.4%	$87.07B-4.1%
Price / earnings	76.4×+3.0×	73.4×+9.6×	63.8×+6.9×	56.9×+8.1×	48.8×+6.2×
Price / sales	5×+0.3×	4.7×+0.4×	4.4×+0.1×	4.3×0.0×	4.3×-0.2×
Price / book	10×+0.7×	9.3×+0.8×	8.5×+0.1×	8.4×-0.1×	8.5×-0.5×
EV / EBITDA	51.4×+1.7×	49.6×+5.7×	43.9×+3.8×	40.1×+4.8×	35.3×+3.8×
EV / sales	5.8×+0.3×	5.5×+0.4×	5×+0.1×	5×+0.1×	4.9×-0.1×
Free cash flow yield	5.5%+3.4pp	2.1%+2.2pp	-0%-0.7pp	0.6%-4.7pp	5.3%-6.5pp
Earnings yield	21%-1.0pp	22%-4.1pp	26.1%-3.4pp	29.4%-4.3pp	33.8%-4.0pp
Dividend yield	5.2%-0.4pp	5.6%-0.5pp	6.1%0.0pp	6.1%+0.1pp	5.9%+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.