Steel Dynamics STLD Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 52.2%-21.4pp | 73.5%-18.7pp | 92.2%-28.3pp | 120.5%+27.3pp | |
| Operating margin | 32.1%-22.0pp | 54.1%-19.6pp | 73.8%-26.3pp | 100.1%+30.6pp | |
| Net margin | 25.8%-16.8pp | 42.6%-14.6pp | 57.2%-17.8pp | 75%+23.6pp | |
| EBITDA margin | 44.1%-20.3pp | 64.3%-17.9pp | 82.2%-24.5pp | 106.8%+27.4pp | |
| Free cash flow margin | 3%-11.2pp | 14.1%-38.2pp | 52.3%+1.7pp | 50.6%+44.4pp | |
| Returns | |||||
| Return on equity | 50.4%-36.5pp | 86.9%-54.7pp | 141.6%-111pp | 252.7%+94.3pp | |
| Return on assets | 29.1%-22.7pp | 51.8%-29.6pp | 81.4%-50.6pp | 131.9%+55.1pp | |
| Return on invested capital | 37.9%-32.2pp | 70.1%-47.3pp | 117.5%-83.4pp | 200.9%+77.9pp | |
| Efficiency | |||||
| Asset turnover | 4.5×-0.3× | 4.8×-0.8× | 5.7×-1.4× | 7×+1.3× | |
| Inventory turnover | 19.1×-0.4× | 19.5×+0.2× | 19.3×-0.4× | 19.8×+0.2× | |
| Liquidity | |||||
| Current ratio | 12×+1.9× | 10.1×-4.9× | 15×+0.7× | 14.4×+2.6× | |
| Quick ratio | 5.5×+0.4× | 5.1×-3.8× | 8.9×+1.0× | 7.9×+1.8× | |
| Cash ratio | 1.5×+0.1× | 1.4×-1.8× | 3.2×+0.7× | 2.5×+0.1× | |
| Leverage | |||||
| Debt-to-equity | 1.8×+0.4× | 1.4×0.0× | 1.4×-0.2× | 1.6×-0.7× | |
| Debt-to-assets | 1×+0.1× | 0.9×0.0× | 0.8×-0.1× | 0.9×-0.2× | |
| Net debt / EBITDA | 6.7×+3.3× | 3.4×+1.9× | 1.5×+0.3× | 1.2×-1.9× | |
| Interest coverage | 92.5×-72.1× | 164.5×-3.8× | 168.3×-138× | 306.6×+142× | |
| Per Share | |||||
| Book value per share | $239.32+3.7% | $230.76+11.8% | $206.40+25.6% | $164.39+58.0% | |
| Valuation | |||||
| Market capitalization | $83.05B+2.3% | $81.21B+10.1% | $73.76B+26.5% | $58.32B+27.3% | |
| Enterprise value | $96.01B+5.7% | $90.83B+13.6% | $79.94B+22.2% | $65.42B+22.0% | |
| Price / earnings | 73.4×+30.8× | 42.6×+16.6× | 26×+11.7× | 14.4×-14.9× | |
| Price / sales | 4.7×+0.2× | 4.5×+0.8× | 3.7×+1.0× | 2.7×-0.6× | |
| Price / book | 9.3×+0.4× | 9×+0.5× | 8.5×+0.8× | 7.6×-0.9× | |
| EV / EBITDA | 49.6×+18.2× | 31.5×+11.9× | 19.6×+8.3× | 11.3×-9.6× | |
| EV / sales | 5.5×+0.4× | 5×+1.0× | 4×+1.0× | 3×-0.8× | |
| Free cash flow yield | 2.1%-9.7pp | 11.9%-45.6pp | 57.5%-20.1pp | 77.6%+67.3pp | |
| Earnings yield | 22%-15.7pp | 37.7%-24.7pp | 62.4%-53.0pp | 115.4%+48.7pp | |
| Dividend yield | 5.6%0.0pp | 5.6%0.0pp | 5.6%-0.7pp | 6.3%-1.2pp |
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.
