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

Steel Dynamics has disclosed Operating Margin across 18 years of filings, most recently posting 11.5% for Q2 2026.

• In Q2 2026, Operating Margin rose 311.0% year-over-year to 11.5%; the TTM figure through Jun 2026 stood at 10.01% (up 248.0% YoY), while the FY2025 annual figure was 8.12%, down 296.0% from the prior year.
• Operating Margin came in at 11.5% for Q2 2026 at Steel Dynamics, up from 10.34% 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 6.13% in Q4 2024.
• Average Operating Margin over 5 years is 14.1%, with a median of 12.16% recorded in 2023.
• The largest YoY upside for Operating Margin was 1007 bps in 2022 against a maximum downside of 1118 bps in 2022.
• Over 5 years, Operating Margin stood at 15.73% in 2022, then slipped by 22 bps to 12.25% in 2023, then tumbled by 50 bps to 6.13% in 2024, then increased by 15 bps to 7.03% in 2025, then surged by 64 bps to 11.5% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 11.5% in Q2 2026, 10.34% in Q1 2026, and 7.03% in Q4 2025.