Steel Dynamics (STLD) Asset Utilization Ratio (2009 - 2026)
Steel Dynamics' Asset Utilization Ratio was 1.21 in Q2 2026, up 11.4% from 1.09 a year earlier and up 5.8% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Steel Dynamics came in at 1.16, down 1.4% from FY2024.
- Asset Utilization Ratio has now declined for four consecutive years.
- In earlier years, Asset Utilization Ratio was 1.18 in FY2024 (-9.1%), 1.29 in FY2023 (-22.5%), 1.67 in FY2022 (-1.2%) and 1.69 in FY2021 (+54.3%).
- The Q2 2026 figure marks the highest quarterly Asset Utilization Ratio since Q1 2024.
- Compared with a year earlier, Asset Utilization Ratio was higher in two of the last eight quarters, with an average decline of 4.0%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q1 2022 (growth of 46.5%); the worst was Q4 2023 (a decline of 20.2%).
- Per Business Quant data, STLD's Asset Utilization Ratio in the three quarters before Q2 2026 was 1.15 (Q1 2026), 1.12 (Q4 2025) and 1.12 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | 0.69 |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 0.45 |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 0.44 |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 0.40 |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 0.39 |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 0.99 |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | 0.64 |
| 10 | Steel Dynamics | 35.27 Bn | 32.34 Bn | 958.97 Mn | 1.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.21 |
| Mar 31, 2026 | 1.15 |
| Dec 31, 2025 | 1.12 |
| Sep 30, 2025 | 1.12 |
| Jun 30, 2025 | 1.09 |
| Mar 31, 2025 | 1.12 |
| Dec 31, 2024 | 1.15 |
| Sep 30, 2024 | 1.17 |
| Jun 30, 2024 | 1.21 |
| Mar 31, 2024 | 1.24 |
| Dec 31, 2023 | 1.26 |
| Sep 30, 2023 | 1.32 |
| Jun 30, 2023 | 1.42 |
| Mar 31, 2023 | 1.52 |
| Dec 31, 2022 | 1.58 |
| Sep 30, 2022 | 1.64 |
| Jun 30, 2022 | 1.66 |
| Mar 31, 2022 | 1.60 |
| Dec 31, 2021 | 1.53 |
| Sep 30, 2021 | 1.41 |
API Access
Steel Dynamics Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();