Monday 2 November 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.

Revenue: +34.8%
EPS: +92.4%
Free cash flow: +25.0%
Total debt: +11.1%

Quarter to September 2026, against a year earlier

252.35 1.55 +0.62%

Follow STLD

Alert me

Market cap: $35.7B
P/E: 18.5×
Fwd P/E: 14.2×
Dividend yield: 0.83%
F-score: 5/9
Altman Z: 5.03
Beneish M: −2.40
Dividend safety: 71/100

Overview Business Profile Segments Filings

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 September 2026 was 0.4×, 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×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/STLD/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Steel Dynamics, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/STLD/metrics/debt-to-equity">Steel Dynamics, Inc. (STLD) debt to equity — stockrow.com</a></p>

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%)

Period	Debt to equity	Change
Sep 2026	0.4×	(3.81%)
Jun 2026	0.5×	(2.91%)
Mar 2026	0.5×	(2.48%)
Dec 2025	0.5×	11.83%
43 more quarters	Free account

Against its own ten years

Low 0.4× High 1.0×

Ten-year median 0.6×

Current reading's percentile 36

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×
NUE Nucor Corporation compare	0.3×
PKX POSCO Holdings Inc. compare	0.3×
STLD Steel Dynamics, Inc.	0.4×
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 →

Steel Dynamics, Inc. (STLD) Debt to equity

Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

More on STLD

Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

More on STLD

Stockrow Weekly