Steel Dynamics (STLD) Gross Margin (2009 - 2026)
Steel Dynamics' Gross Margin came in at 15.74% for Q2 2026, up 2.20 percentage points from 13.55% a year earlier and up 1.08 percentage points from the prior quarter.
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Analysis
Steel Dynamics (STLD) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Steel Dynamics reported Gross Margin of 14.65%, up 2.10 percentage points year-over-year; for FY2025, it was 13.16%, down 2.82 percentage points from FY2024.
- Gross Margin has declined in each of the last four years, with a five-year change of -1.78 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 15.98% in FY2024 (-5.55 pp), 21.53% in FY2023 (-5.96 pp), 27.48% in FY2022 (-1.65 pp) and 29.13% in FY2021 (+14.19 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q2 2024.
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of -2.19 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2021 (a gain of 18.89 percentage points), and the weakest in Q4 2022 (a drop of 12.71 percentage points).
- Business Quant data shows STLD's Gross Margin at 14.66% (Q1 2026), 11.99% (Q4 2025) and 15.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | Steel Dynamics | 31.83 Bn | 28.70 Bn | 958.97 Mn | 15.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.74% |
| Mar 31, 2026 | 14.66% |
| Dec 31, 2025 | 11.99% |
| Sep 30, 2025 | 15.70% |
| Jun 30, 2025 | 13.55% |
| Mar 31, 2025 | 11.14% |
| Dec 31, 2024 | 11.41% |
| Sep 30, 2024 | 13.94% |
| Jun 30, 2024 | 16.73% |
| Mar 31, 2024 | 20.89% |
| Dec 31, 2023 | 17.26% |
| Sep 30, 2023 | 20.75% |
| Jun 30, 2023 | 25.72% |
| Mar 31, 2023 | 21.58% |
| Dec 31, 2022 | 20.46% |
| Sep 30, 2022 | 25.91% |
| Jun 30, 2022 | 30.31% |
| Mar 31, 2022 | 32.00% |
| Dec 31, 2021 | 33.18% |
| Sep 30, 2021 | 31.46% |
API Access
Steel Dynamics Gross Margin 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=gross-margin&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();