Steel Dynamics (STLD) Gross Margin (2009 - 2026)
Steel Dynamics (STLD) posted Gross Margin of 15.74% for Q2 2026, up 7.36% sequentially from 14.66% in Q1 2026, and up 220.0% YoY from 4.92% in Q2 2025.
Steel Dynamics (STLD) Gross Margin (2009 - 2026) Analysis & Trends
Steel Dynamics has reported Gross Margin for 18 years, with the latest figure at 15.74% in Q2 2026.
- Quarterly Gross Margin rose 220.0% year-over-year to 15.74% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 14.65% (up 210.0% YoY) and the FY2025 annual result came in at 13.16%, down 282.0% from the prior year.
- Gross Margin improved to 15.74% in Q2 2026 per STLD's latest filing, from 14.66% in the prior quarter.
- Over five years, Gross Margin peaked at 32.0% in Q1 2022 and troughed at 11.14% in Q1 2025.
- A 5-year average of 18.88% and a median of 17.0% in 2023 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 943 bps in 2022, down 1271 bps in 2022.
- Over 5 years, Gross Margin stood at 20.46% in 2022, then declined by 16 bps to 17.26% in 2023, then sank by 34 bps to 11.41% in 2024, then climbed by 5 bps to 11.99% in 2025, then jumped by 31 bps to 15.74% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 15.74%, 14.66%, and 11.99% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 21.68% |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 19.56% |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | - |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 15.74% |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 28.09% |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 2.53% |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 15.83% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 16.96% |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | 12.79% |
Historic Data
Download 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% |