Steel Dynamics (STLD) Debt to Equity (2009 - 2026)

Steel Dynamics' (STLD) quarterly Debt to Equity came in at $0.46 in Q1 2026, down 5.37% year-on-year from $0.48 in Q1 2025, and down 2.51% quarter-over-quarter from $0.47 in Q4 2025.

Steel Dynamics (STLD) Debt to Equity (2009 - 2026) Analysis & Trends

Steel Dynamics has disclosed Debt to Equity across 18 years of filings, most recently posting $0.46 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.46, down 5.37% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.46 (down 5.37% YoY), and the FY2025 annual result was $0.47, up 27.67% from the prior year.
  • Debt to Equity came in at $0.46 for Q1 2026 at Steel Dynamics, down from $0.47 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.48 in Q1 2025 to a low of $0.34 in Q2 2024.
  • The 5-year median for Debt to Equity is $0.39 (2022), against an average of $0.4.
  • Across the five-year window, Debt to Equity plunged 35.54% in 2022 and surged 41.53% in 2025, its largest moves.
  • Steel Dynamics' Debt to Equity stood at $0.39 in 2022, then retreated by 8.68% to $0.35 in 2023, then gained by 3.94% to $0.37 in 2024, then rose by 27.67% to $0.47 in 2025, then decreased by 2.51% to $0.46 in 2026.
  • The last three Debt to Equity figures came in at $0.46 (Q1 2026), $0.47 (Q4 2025), and $0.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 0.33
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 0.46
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 0.24
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 1.33
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 0.20
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 0.01

Historic Data

Download Data
DateValue
Mar 31, 2026 0.46
Dec 31, 2025 0.47
Sep 30, 2025 0.42
Jun 30, 2025 0.43
Mar 31, 2025 0.48
Dec 31, 2024 0.37
Sep 30, 2024 0.41
Jun 30, 2024 0.34
Mar 31, 2024 0.34
Dec 31, 2023 0.35
Sep 30, 2023 0.36
Jun 30, 2023 0.36
Mar 31, 2023 0.38
Dec 31, 2022 0.39
Sep 30, 2022 0.39
Jun 30, 2022 0.41
Mar 31, 2022 0.46
Dec 31, 2021 0.51
Sep 30, 2021 0.57
Jun 30, 2021 0.64