Steel Dynamics (STLD) Net Margin (2009 - 2026)
Steel Dynamics' (STLD) quarterly Net Margin came in at 7.69% in Q1 2026, up 271.0% year-on-year from 2.07% in Q1 2025, and up 130.04% quarter-over-quarter from 25.59% in Q4 2025.
Steel Dynamics (STLD) Net Margin (2009 - 2026) Analysis & Trends
Steel Dynamics has disclosed Net Margin across 18 years of filings, most recently posting 7.69% for Q1 2026.
- Net Margin for Q1 2026 came in at 7.69%, up 271.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.13% (down 679.0% YoY), and the FY2025 annual result was 1.14%, down 979.0% from the prior year.
- Net Margin came in at 7.69% for Q1 2026 at Steel Dynamics, up from 25.59% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 19.88% in Q1 2022 to a low of 89.58% in Q4 2022.
- The 5-year median for Net Margin is 9.32% (2024), against an average of 3.22%.
- Across the five-year window, Net Margin plunged 3180 bps in 2022 and jumped 10049 bps in 2023, its largest moves.
- Steel Dynamics' Net Margin stood at 89.58% in 2022, then soared by 112 bps to 10.91% in 2023, then plunged by 58 bps to 4.58% in 2024, then slumped by 659 bps to 25.59% in 2025, then soared by 130 bps to 7.69% in 2026.
- The last three Net Margin figures came in at 7.69% (Q1 2026), 25.59% (Q4 2025), and 8.37% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 5.41% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 9.16% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 3.72% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 7.69% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 6.58% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -4.82% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 53.69% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -10.87% |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.40% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 7.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.69% |
| Dec 31, 2025 | -25.59% |
| Sep 30, 2025 | 8.37% |
| Jun 30, 2025 | 6.60% |
| Mar 31, 2025 | 4.98% |
| Dec 31, 2024 | 4.58% |
| Sep 30, 2024 | 7.39% |
| Jun 30, 2024 | 9.32% |
| Mar 31, 2024 | 12.52% |
| Dec 31, 2023 | 10.91% |
| Sep 30, 2023 | 12.64% |
| Jun 30, 2023 | 16.06% |
| Mar 31, 2023 | 13.17% |
| Dec 31, 2022 | -89.58% |
| Sep 30, 2022 | 16.25% |
| Jun 30, 2022 | 19.55% |
| Mar 31, 2022 | 19.88% |
| Dec 31, 2021 | -57.78% |
| Sep 30, 2021 | 19.68% |
| Jun 30, 2021 | 15.99% |