Steel Dynamics (STLD) Return on Capital Employed (2009 - 2026)
Steel Dynamics' (STLD) quarterly Return on Capital Employed came in at 12.08% in Q1 2026, up 93.0% year-on-year from 6.26% in Q1 2025, and up 15.12% quarter-over-quarter from 10.49% in Q4 2025.
Steel Dynamics (STLD) Return on Capital Employed (2009 - 2026) Analysis & Trends
Steel Dynamics has disclosed Return on Capital Employed across 18 years of filings, most recently posting 12.08% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 12.08%, up 93.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.08% (up 93.0% YoY), and the FY2025 annual result was 10.89%, down 433.0% from the prior year.
- Return on Capital Employed came in at 12.08% for Q1 2026 at Steel Dynamics, up from 10.49% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 52.44% in Q2 2022 to a low of 1.98% in Q3 2024.
- The 5-year median for Return on Capital Employed is 12.08% (2026), against an average of 21.29%.
- Across the five-year window, Return on Capital Employed surged 3407 bps in 2022 and sank 3681 bps in 2023, its largest moves.
- Steel Dynamics' Return on Capital Employed stood at 42.18% in 2022, then plunged by 87 bps to 5.37% in 2023, then soared by 175 bps to 14.78% in 2024, then dropped by 29 bps to 10.49% in 2025, then rose by 15 bps to 12.08% in 2026.
- The last three Return on Capital Employed figures came in at 12.08% (Q1 2026), 10.49% (Q4 2025), and 10.17% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 4.28% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 11.08% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 4.68% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 12.08% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 11.59% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -7.44% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 62.17% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 9.38% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 11.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.08% |
| Dec 31, 2025 | 10.49% |
| Sep 30, 2025 | 10.17% |
| Jun 30, 2025 | 9.27% |
| Mar 31, 2025 | 11.14% |
| Dec 31, 2024 | 14.78% |
| Sep 30, 2024 | -1.98% |
| Jun 30, 2024 | 0.70% |
| Mar 31, 2024 | 4.67% |
| Dec 31, 2023 | 5.37% |
| Sep 30, 2023 | 26.45% |
| Jun 30, 2023 | 30.71% |
| Mar 31, 2023 | 35.83% |
| Dec 31, 2022 | 42.18% |
| Sep 30, 2022 | 49.05% |
| Jun 30, 2022 | 52.44% |
| Mar 31, 2022 | 48.60% |
| Dec 31, 2021 | 43.86% |
| Sep 30, 2021 | 34.57% |
| Jun 30, 2021 | 22.96% |