Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026)

Steel Dynamics' (STLD) quarterly Interest Coverage Ratio came in at 16.18 in Q1 2026, down 28.64% year-on-year from 22.68 in Q1 2025, and up 40.64% quarter-over-quarter from 11.51 in Q4 2025.

Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Steel Dynamics has disclosed Interest Coverage Ratio across 18 years of filings, most recently posting 16.18 for Q1 2026.

  • Interest Coverage Ratio for Q1 2026 came in at 16.18, down 28.64% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.08 (down 26.54% YoY), and the FY2025 annual result was 21.07, down 38.89% from the prior year.
  • Interest Coverage Ratio came in at 16.18 for Q1 2026 at Steel Dynamics, up from 11.51 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 89.68 in Q1 2022 to a low of 132.25 in Q4 2023.
  • The 5-year median for Interest Coverage Ratio is 37.12 (2023), against an average of 28.5.
  • Across the five-year window, Interest Coverage Ratio surged 160.63% in 2022 and plunged 515.64% in 2023, its largest moves.
  • Steel Dynamics' Interest Coverage Ratio stood at 31.82 in 2022, then slumped by 515.64% to 132.25 in 2023, then jumped by 112.32% to 16.29 in 2024, then retreated by 29.36% to 11.51 in 2025, then surged by 40.64% to 16.18 in 2026.
  • The last three Interest Coverage Ratio figures came in at 16.18 (Q1 2026), 11.51 (Q4 2025), and 37.41 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -5.78
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 28.79
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 16.18
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 23.89
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -3.08
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 1.48
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 36.37

Historic Data

Download Data
DateValue
Mar 31, 2026 16.18
Dec 31, 2025 11.51
Sep 30, 2025 37.41
Jun 30, 2025 22.03
Mar 31, 2025 22.68
Dec 31, 2024 16.29
Sep 30, 2024 23.16
Jun 30, 2024 43.96
Mar 31, 2024 62.70
Dec 31, 2023 -132.25
Sep 30, 2023 39.83
Jun 30, 2023 51.22
Mar 31, 2023 37.12
Dec 31, 2022 31.82
Sep 30, 2022 48.13
Jun 30, 2022 63.04
Mar 31, 2022 89.68
Dec 31, 2021 115.83
Sep 30, 2021 104.07
Jun 30, 2021 64.15