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
DateValue
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%