Steel Dynamics (STLD) Operating Margin (2009 - 2026)

Steel Dynamics has disclosed Operating Margin across 18 years of filings, most recently posting 10.34% for Q1 2026.

• Operating Margin for Q1 2026 came in at 10.34%, up 404.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.15% (up 62.0% YoY), and the FY2025 annual result was 8.12%, down 296.0% from the prior year.
• Operating Margin came in at 10.34% for Q1 2026 at Steel Dynamics, up from 7.03% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 26.84% in Q1 2022 to a low of 46.22% in Q4 2023.
• The 5-year median for Operating Margin is 12.07% (2024), against an average of 10.81%.
• Across the five-year window, Operating Margin tumbled 6195 bps in 2023 and jumped 5235 bps in 2024, its largest moves.
• Steel Dynamics' Operating Margin stood at 15.73% in 2022, then tumbled by 394 bps to 46.22% in 2023, then soared by 113 bps to 6.13% in 2024, then increased by 15 bps to 7.03% in 2025, then jumped by 47 bps to 10.34% in 2026.
• The last three Operating Margin figures came in at 10.34% (Q1 2026), 7.03% (Q4 2025), and 10.52% (Q3 2025), per Business Quant data.