Steel Dynamics (STLD) Net Margin (2009 - 2026)
Steel Dynamics' (STLD) quarterly Net Margin came in at 8.71% in Q2 2026, up 212.0% year-over-year from 2.79% in Q2 2025, and up 13.35% quarter-over-quarter from 7.69% in Q1 2026.
Powered by 
Analysis
Steel Dynamics (STLD) Net Margin (2009 - 2026) Analysis & Trends
Steel Dynamics has disclosed Net Margin across 18 years of filings, most recently posting 8.71% for Q2 2026.
- In Q2 2026, Net Margin rose 212.0% year-over-year to 8.71%; the TTM figure through Jun 2026 stood at 7.75% (up 182.0% YoY), while the FY2025 annual figure was 6.49%, down 216.0% from the prior year.
- Net Margin came in at 8.71% for Q2 2026 at Steel Dynamics, up from 7.69% 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 4.58% in Q4 2024.
- Average Net Margin over 5 years is 10.94%, with a median of 9.7% recorded in 2024.
- Year-over-year, Net Margin soared 750 bps in 2022 and tumbled 753 bps in 2025.
- Over 5 years, Net Margin stood at 13.24% in 2022, then slipped by 24 bps to 10.09% in 2023, then tumbled by 55 bps to 4.58% in 2024, then grew by 27 bps to 5.81% in 2025, then jumped by 50 bps to 8.71% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 8.71% in Q2 2026, 7.69% in Q1 2026, and 5.81% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 112.12 Bn | 102.23 Bn | 941.02 Mn | 7.92% |
| 2 | Nucor | 58.10 Bn | 55.41 Bn | 2.03 Bn | 12.31% |
| 3 | Steel Dynamics | 34.19 Bn | 33.60 Bn | 958.97 Mn | 8.71% |
| 4 | Gerdau | 10.05 Bn | 8.98 Bn | 558.98 Mn | 8.14% |
| 5 | Commercial Metals | 7.43 Bn | 6.87 Bn | 455.14 Mn | 6.97% |
| 6 | Cleveland-Cliffs | 6.72 Bn | 6.65 Bn | 132.00 Mn | -2.77% |
| 7 | Posco Holdings | 4.64 Bn | -5.03 Bn | 1.11 Bn | 3.95% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.74 Bn | -1.08 Bn | 579.08 Mn | -5.99% |
| 10 | SunCoke Energy | 865.14 Mn | 822.44 Mn | 100.40 Mn | 3.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.71% |
| Mar 31, 2026 | 7.69% |
| Dec 31, 2025 | 5.81% |
| 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 | 10.09% |
| Sep 30, 2023 | 12.64% |
| Jun 30, 2023 | 16.06% |
| Mar 31, 2023 | 13.17% |
| Dec 31, 2022 | 13.24% |
| Sep 30, 2022 | 16.25% |
| Jun 30, 2022 | 19.55% |
| Mar 31, 2022 | 19.88% |
| Dec 31, 2021 | 20.63% |
| Sep 30, 2021 | 19.66% |