Steel Dynamics (STLD) Return on Capital Employed [ROCE] (2009 - 2026)
Steel Dynamics (STLD) recorded Return on Capital Employed [ROCE] of 14.06% in Q2 2026, up 4.78 percentage points from 9.27% a year earlier and up 1.98 percentage points from the prior quarter.
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Analysis
Steel Dynamics (STLD) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Steel Dynamics reported Return on Capital Employed [ROCE] of 10.89%, down 4.33 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for four straight years, with a five-year change of -0.39 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 15.21% in FY2024 (-10.61 pp), 25.83% in FY2023 (-19.18 pp), 45.01% in FY2022 (-4.60 pp) and 49.60% in FY2021 (+38.33 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in two of the last eight quarters, with an average year-over-year change of -6.20 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 34.07 percentage points in Q1 2022, against a drop of 22.59 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.08% (Q1 2026), 10.49% (Q4 2025) and 10.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 166.32 Bn | 145.19 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 120.84 Bn | 89.01 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 110.94 Bn | 75.99 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 99.52 Bn | 95.67 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 90.25 Bn | 90.25 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 67.10 Bn | 51.84 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 53.52 Bn | 44.06 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 49.13 Bn | 30.16 Bn | - | 3.51% |
| 10 | Steel Dynamics | 32.48 Bn | 29.36 Bn | 958.97 Mn | 14.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.06% |
| 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 | 17.56% |
| Jun 30, 2024 | 20.68% |
| Mar 31, 2024 | 24.21% |
| Dec 31, 2023 | 25.04% |
| 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% |
API Access
Steel Dynamics Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();