Steel Dynamics (STLD) Return on Invested Capital [ROIC] (2009 - 2026)
Steel Dynamics (STLD) posted Return on Invested Capital [ROIC] of 12.15% for Q2 2026, up 4.05 percentage points from 8.10% a year earlier and up 1.67 percentage points from the prior quarter.
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Analysis
Steel Dynamics (STLD) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Steel Dynamics' Return on Invested Capital [ROIC] came in at 9.33%, down 3.47 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for four consecutive years, with a five-year change of -0.50 percentage points (FY2020 to FY2025).
- In prior years, Steel Dynamics' Return on Invested Capital [ROIC] was 12.79% in FY2024 (-8.47 pp), 21.26% in FY2023 (-17.69 pp), 38.95% in FY2022 (-1.25 pp) and 40.20% in FY2021 (+30.37 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in two of the last eight quarters, with an average year-over-year change of -4.90 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2022, with a gain of 29.46 percentage points; the weakest was Q3 2023, with a drop of 18.84 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 10.47% (Q1 2026), 9.05% (Q4 2025) and 8.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Steel Dynamics | 33.32 Bn | 30.19 Bn | 958.97 Mn | 12.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.15% |
| Mar 31, 2026 | 10.47% |
| Dec 31, 2025 | 9.05% |
| Sep 30, 2025 | 8.82% |
| Jun 30, 2025 | 8.10% |
| Mar 31, 2025 | 9.30% |
| Dec 31, 2024 | 12.35% |
| Sep 30, 2024 | 14.02% |
| Jun 30, 2024 | 16.54% |
| Mar 31, 2024 | 19.93% |
| Dec 31, 2023 | 20.54% |
| Sep 30, 2023 | 22.66% |
| Jun 30, 2023 | 26.47% |
| Mar 31, 2023 | 30.97% |
| Dec 31, 2022 | 36.12% |
| Sep 30, 2022 | 41.51% |
| Jun 30, 2022 | 44.36% |
| Mar 31, 2022 | 41.94% |
| Dec 31, 2021 | 37.44% |
| Sep 30, 2021 | 29.54% |
API Access
Steel Dynamics Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();