Steel Dynamics STLD Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 52.8%-12.8pp | 52.2%-21.4pp | 55%-24.1pp | 59.2%-24.8pp | 65.6%-23.0pp | |
| Operating margin | 32.8%-13.4pp | 32.1%-22.0pp | 35.1%-24.7pp | 39.6%-25.3pp | 46.1%-23.6pp | |
| Net margin | 26.2%-10.3pp | 25.8%-16.8pp | 28%-18.8pp | 31.4%-19.3pp | 36.5%-17.9pp | |
| EBITDA margin | 44.8%-12.0pp | 44.1%-20.3pp | 46.7%-22.9pp | 50.8%-23.5pp | 56.8%-21.8pp | |
| Free cash flow margin | 7.4%+1.3pp | 3%-11.2pp | 0.1%-24.1pp | 0.7%-32.9pp | 6%-37.7pp | |
| Returns | ||||||
| Return on equity | 52.5%-19.9pp | 50.4%-36.5pp | 54.4%-44.1pp | 61.4%-49.1pp | 72.4%-52.3pp | |
| Return on assets | 29.9%-13.0pp | 29.1%-22.7pp | 31.8%-26.5pp | 36.1%-29.1pp | 42.9%-29.9pp | |
| Return on invested capital | 39%-18.6pp | 37.9%-32.2pp | 41.8%-38.5pp | 48.1%-43.2pp | 57.6%-45.6pp | |
| Efficiency | ||||||
| Asset turnover | 4.6×-0.1× | 4.5×-0.3× | 4.5×-0.4× | 4.6×-0.6× | 4.7×-0.7× | |
| Inventory turnover | 18.9×-0.6× | 19.1×-0.4× | 19.4×-0.1× | 19.5×+0.1× | 19.5×+0.3× | |
| Liquidity | ||||||
| Current ratio | 12.4×+2.4× | 12×+1.9× | 11.5×+1.0× | 10.8×-1.1× | 10×-3.7× | |
| Quick ratio | 5.4×+0.5× | 5.5×+0.4× | 5.3×-0.4× | 5.1×-1.6× | 4.9×-3.0× | |
| Cash ratio | 1.3×-0.2× | 1.5×+0.1× | 1.4×-0.3× | 1.4×-0.9× | 1.5×-1.3× | |
| Leverage | ||||||
| Debt-to-equity | 1.8×+0.2× | 1.8×+0.4× | 1.7×+0.3× | 1.7×+0.3× | 1.6×+0.2× | |
| Debt-to-assets | 1×+0.1× | 1×+0.1× | 1×+0.1× | 1×+0.1× | 0.9×+0.1× | |
| Net debt / EBITDA | 6.8×+2.4× | 6.7×+3.3× | 6.1×+3.3× | 5.5×+3.4× | 4.4×+2.6× | |
| Interest coverage | 85.6×-58.4× | 92.5×-72.1× | 105.9×-65.4× | 120.9×-50.7× | 144×-25.3× | |
| Per Share | ||||||
| Book value per share | $243.87+5.0% | $239.32+3.7% | $236.19+4.3% | $233.91+5.7% | $232.34+8.1% | |
| Valuation | ||||||
| Market capitalization | $90.36B+18.2% | $83.05B+2.3% | $75.68B-8.7% | $74.93B-7.3% | $76.44B-2.4% | |
| Enterprise value | $103.95B+19.4% | $96.01B+5.7% | $87.78B-4.1% | $86.68B-1.7% | $87.07B+2.4% | |
| Price / earnings | 76.4×+27.6× | 73.4×+30.8× | 63.8×+24.8× | 56.9×+22.4× | 48.8×+18.6× | |
| Price / sales | 5×+0.7× | 4.7×+0.2× | 4.4×-0.2× | 4.3×0.0× | 4.3×+0.2× | |
| Price / book | 10×+1.5× | 9.3×+0.4× | 8.5×-0.7× | 8.4×-0.6× | 8.5×-0.3× | |
| EV / EBITDA | 51.4×+16.1× | 49.6×+18.2× | 43.9×+15.0× | 40.1×+14.5× | 35.3×+12.7× | |
| EV / sales | 5.8×+0.8× | 5.5×+0.4× | 5×+0.1× | 5×+0.3× | 4.9×+0.5× | |
| Free cash flow yield | 5.5%+0.2pp | 2.1%-9.7pp | -0%-21.8pp | 0.6%-32.0pp | 5.3%-39.9pp | |
| Earnings yield | 21%-12.7pp | 22%-15.7pp | 26.1%-15.7pp | 29.4%-18.4pp | 33.8%-21.0pp | |
| Dividend yield | 5.2%-0.7pp | 5.6%0.0pp | 6.1%+0.6pp | 6.1%+0.6pp | 5.9%+0.4pp |
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.
