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) Operating margin
Steel Dynamics, Inc.'s operating margin over the twelve months to 30 June 2026 was 10.0%, up 1.9 percentage points from fiscal 2025 (8.12%). Over the past ten years it has ranged from −0.96% (fiscal 2015) to 23.4% (fiscal 2021); the current reading is higher than 18% of that period. That is above the Steel industry median of 4.77% and above the Basic Materials sector median of 0.82%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 8.12% | (2.96) |
| FY2024 | 11.1% | (5.69) |
| FY2023 | 16.8% | (6.10) |
| FY2022 | 22.9% | (0.49) |
| FY2021 | 23.4% | 14.54 |
| FY2020 | 8.82% | (0.61) |
| FY2019 | 9.43% | (5.14) |
| FY2018 | 14.6% | 3.39 |
| FY2017 | 11.2% | 1.82 |
| FY2016 | 9.36% | 10.32 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 11.5% | 1.16 |
| Mar 2026 | 10.3% | 3.31 |
| Dec 2025 | 7.03% | (3.49) |
| Sep 2025 | 10.5% | 2.13 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| SIM Grupo Simec, S.A. de C.V. compare | 16.9% |
| NUE Nucor Corporation compare | 11.6% |
| STLD Steel Dynamics, Inc. | 10.0% |
| RS Reliance, Inc. compare | 7.82% |
| TX Ternium S.A. compare | 7.45% |
| GGB Gerdau S.A. compare | 7.45% |
| MT ArcelorMittal compare | 4.26% |
| PKX POSCO Holdings Inc. compare | 2.57% |
| CLF Cleveland-Cliffs Inc. compare | −4.15% |
| Steel industry median | 4.77% |
| Basic Materials sector median | 0.82% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on STLD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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