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Tuesday 13 October 2026 Export STLD’s income statement to Excel — free account

Steel Dynamics, Inc.

STLD Basic Materials Steel

Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024. In the quarter to June 2026, revenue grew 33.4%, EPS grew 84.6%, free cash flow grew 2,189.9% and total debt rose 10.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

239.61 0.47 +0.20%
Market cap
$34.3B
P/E
21.6×
Fwd P/E
17.8×
Dividend yield
0.87%
F-score
5/9
Altman Z
5.03
Beneish M
−2.40
Dividend safety
71/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Steel Dynamics, Inc. (STLD) Debt to equity

Alert me on Debt to equity

Steel Dynamics, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.5×, down 0.0× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.4× (fiscal 2023) to 1.0× (fiscal 2015); the current reading is higher than 36% of that period. That is above the Steel industry median of 0.3× and above the Basic Materials sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× 30.12%
FY2024 0.4× 3.92%
FY2023 0.4× (8.69%)
FY2022 0.4× (23.68%)
FY2021 0.5× (31.35%)
FY2020 0.7× 6.21%
FY2019 0.7× 10.79%
FY2018 0.6× (15.57%)
FY2017 0.7× (12.15%)
FY2016 0.8× (16.76%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.5× (2.91%)
Mar 2026 0.5× (2.48%)
Dec 2025 0.5× 11.83%
Sep 2025 0.4× (1.40%)
42 more quarters

Against its own ten years

Low 0.4× High 1.0×
Ten-year median 0.6×
Current reading's percentile 36

Debt to equity against peers

Company Debt to equity
SIM Grupo Simec, S.A. de C.V. compare 0.0×
TX Ternium S.A. compare 0.2×
RS Reliance, Inc. compare 0.2×
MT ArcelorMittal compare 0.3×
GGB Gerdau S.A. compare 0.3×
PKX POSCO Holdings Inc. compare 0.3×
NUE Nucor Corporation compare 0.3×
STLD Steel Dynamics, Inc. 0.5×
CLF Cleveland-Cliffs Inc. compare 1.3×
Steel industry median 0.3×
Basic Materials sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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