Steel Dynamics (STLD) Gross Margin (2009 - 2026)
Steel Dynamics' (STLD) quarterly Gross Margin came in at 15.74% in Q2 2026, up 220.0% year-over-year from 4.92% in Q2 2025, and up 7.36% quarter-over-quarter from 14.66% in Q1 2026.
Analysis
Steel Dynamics (STLD) Gross Margin (2009 - 2026) Analysis & Trends
Steel Dynamics has disclosed Gross Margin across 18 years of filings, most recently posting 15.74% for Q2 2026.
- In Q2 2026, Gross Margin rose 220.0% year-over-year to 15.74%; the TTM figure through Jun 2026 stood at 14.65% (up 210.0% YoY), while the FY2025 annual figure was 13.16%, down 282.0% from the prior year.
- Gross Margin came in at 15.74% for Q2 2026 at Steel Dynamics, up from 14.66% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 32.0% in Q1 2022 to a low of 11.14% in Q1 2025.
- Average Gross Margin over 5 years is 18.88%, with a median of 17.0% recorded in 2023.
- The largest YoY upside for Gross Margin was 943 bps in 2022 against a maximum downside of 1271 bps in 2022.
- Over 5 years, Gross Margin stood at 20.46% in 2022, then slipped by 16 bps to 17.26% in 2023, then tumbled by 34 bps to 11.41% in 2024, then gained by 5 bps to 11.99% in 2025, then surged by 31 bps to 15.74% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 15.74% in Q2 2026, 14.66% in Q1 2026, and 11.99% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 111.97 Bn | 102.08 Bn | 941.02 Mn | 21.68% |
| 2 | Nucor | 58.11 Bn | 55.42 Bn | 2.03 Bn | 19.56% |
| 3 | Steel Dynamics | 34.10 Bn | 33.51 Bn | 958.97 Mn | 15.74% |
| 4 | Gerdau | 9.95 Bn | 8.88 Bn | 558.98 Mn | 15.83% |
| 5 | Commercial Metals | 7.46 Bn | 6.90 Bn | 455.14 Mn | 18.33% |
| 6 | Cleveland-Cliffs | 6.72 Bn | 6.65 Bn | 132.00 Mn | 2.53% |
| 7 | Posco Holdings | 4.63 Bn | -5.04 Bn | 1.11 Bn | 8.62% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.67 Bn | -1.16 Bn | 579.08 Mn | 11.75% |
| 10 | SunCoke Energy | 865.14 Mn | 822.44 Mn | 100.40 Mn | 21.12% |
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% |