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Steel Dynamics STLD Return on invested capital

Return on invested capital at other companies

Commercial Metals logo
Commercial MetalsCMC
1.5%-11.0pp
Nucor logo
NucorNUE
14.7%+5.2pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-6%-2.2pp
Reliance logo
RelianceRS
10.5%+1.6pp
Metallus logo
MetallusMTUS
4.7%-4.2pp
Worthington Steel logo
Worthington SteelWS
8.7%-1.9pp

Other financials

Income statement

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Revenue$6.1B+33.4%
Gross profit$959.0M+55.1%
Operating income$700.5M+83.0%
Net income$534.1M+78.8%
EPS (diluted)$3.69+83.6%

Balance sheet

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Cash & equivalents$567.7M+23.9%
Total debt$4.2B+10.6%
Total equity$9.4B+6.3%
Total assets$17.1B+10.1%

Cash flow

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Operating cash flow$427.9M+41.9%
CapEx$123.8M-57.0%
Free cash flow$304.1M+2,190%

Valuation

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Market cap$36.01B+99.9%
Enterprise value$39.63B+85.7%
P/E22.4×+5.1×
P/S1.8×+0.7×

Profitability

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Gross margin14.7%+2.1pp
Operating margin10%+2.5pp
Net margin7.8%+1.8pp
FCF margin4.7%+4.2pp

Returns & leverage

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Return on equity17.6%+6.0pp
Debt / equity0.4×0.0×
Current ratio3.2×+0.1×

Where this comes from

Calculated from Steel Dynamics’s reported figures.

Based on trailing twelve months.

The source filing: Steel Dynamics’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 11:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-087414

FAQ

What is Steel Dynamics's return on invested capital?
Steel Dynamics (STLD) reported return on invested capital of 12.9% in Q2 2026.
How has Steel Dynamics's return on invested capital changed year-over-year?
Steel Dynamics's return on invested capital increased by 47.9% year-over-year, from 8.7% to 12.9%.
What is the long-term trend for Steel Dynamics's return on invested capital?
Over 5 years (2020 to 2025), Steel Dynamics's return on invested capital has grown at a -3.8% compound annual growth rate (CAGR), from 11.7% to 9.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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