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.
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Steel Dynamics, Inc. (STLD) Gross margin
Steel Dynamics, Inc.'s gross margin over the twelve months to 30 June 2026 was 14.7%, up 1.5 percentage points from fiscal 2025 (13.2%). Over the past ten years it has ranged from 9.63% (fiscal 2015) to 29.1% (fiscal 2021); the current reading is higher than 18% of that period. That is above the Steel industry median of 13.9% and below the Basic Materials sector median of 25.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 13.2% | (2.82) |
| FY2024 | 16.0% | (5.55) |
| FY2023 | 21.5% | (5.95) |
| FY2022 | 27.5% | (1.65) |
| FY2021 | 29.1% | 14.19 |
| FY2020 | 14.9% | 0.31 |
| FY2019 | 14.6% | (5.02) |
| FY2018 | 19.7% | 3.06 |
| FY2017 | 16.6% | (0.57) |
| FY2016 | 17.2% | 7.53 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 15.7% | 1.08 |
| Mar 2026 | 14.7% | 2.67 |
| Dec 2025 | 12.0% | (3.71) |
| Sep 2025 | 15.7% | 2.15 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| RS Reliance, Inc. compare | 28.2% |
| SIM Grupo Simec, S.A. de C.V. compare | 25.3% |
| TX Ternium S.A. compare | 17.8% |
| NUE Nucor Corporation compare | 15.5% |
| STLD Steel Dynamics, Inc. | 14.7% |
| GGB Gerdau S.A. compare | 13.2% |
| PKX POSCO Holdings Inc. compare | 7.86% |
| MT ArcelorMittal compare | 7.27% |
| CLF Cleveland-Cliffs Inc. compare | −1.05% |
| Steel industry median | 13.9% |
| Basic Materials sector median | 25.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on STLD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement