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%-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
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 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×
Liquidity
Current ratio	12.4×+2.4×	12×+1.9×	11.5×+1.0×	10.8×-1.1×	10×-3.7×
Leverage
Debt-to-equity	1.8×+0.2×	1.8×+0.4×	1.7×+0.3×	1.7×+0.3×	1.6×+0.2×
Net debt / EBITDA	6.8×+2.4×	6.7×+3.3×	6.1×+3.3×	5.5×+3.4×	4.4×+2.6×
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%
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×
Dividend yield	5.2%-0.7pp	5.6%0.0pp	6.1%+0.6pp	6.1%+0.6pp	5.9%+0.4pp

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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.