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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Steel Dynamics (STLD) Operating Margin (2016 - 2025)

Steel Dynamics' Operating Margin history spans 17 years, with the latest figure at 7.03% for Q4 2025.

  • For Q4 2025, Operating Margin rose 89.0% year-over-year to 7.03%; the TTM value through Dec 2025 reached 8.12%, down 296.0%, while the annual FY2025 figure was 8.12%, 296.0% down from the prior year.
  • Operating Margin for Q4 2025 was 7.03% at Steel Dynamics, down from 10.52% in the prior quarter.
  • Across five years, Operating Margin topped out at 26.84% in Q1 2022 and bottomed at 6.13% in Q4 2024.
  • The 5-year median for Operating Margin is 16.0% (2023), against an average of 16.15%.
  • The largest annual shift saw Operating Margin soared 1930bps in 2021 before it plummeted -1105bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 26.78% in 2021, then tumbled by -41bps to 15.73% in 2022, then dropped by -22bps to 12.25% in 2023, then tumbled by -50bps to 6.13% in 2024, then rose by 15bps to 7.03% in 2025.
  • Per Business Quant, the three most recent readings for STLD's Operating Margin are 7.03% (Q4 2025), 10.52% (Q3 2025), and 8.39% (Q2 2025).