Steel Dynamics (STLD) Tax Rate (2009 - 2026)

Steel Dynamics' (STLD) quarterly Tax Rate came in at 22.04% in Q1 2026, down 40.0% year-on-year from 36.73% in Q1 2025, and up 428.37% quarter-over-quarter from 4.17% in Q4 2025.

Steel Dynamics (STLD) Tax Rate (2009 - 2026) Analysis & Trends

Steel Dynamics has disclosed Tax Rate across 18 years of filings, most recently posting 22.04% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 22.04%, down 40.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 110.37% (up 8648.0% YoY), and the FY2025 annual result was 6025.11%, up 600125.0% from the prior year.
  • Tax Rate came in at 22.04% for Q1 2026 at Steel Dynamics, up from 4.17% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 30.2% in Q4 2024 to a low of 2.01% in Q4 2022.
  • The 5-year median for Tax Rate is 23.17% (2023), against an average of 20.2%.
  • Across the five-year window, Tax Rate jumped 1878 bps in 2024 and tumbled 2603 bps in 2025, its largest moves.
  • Steel Dynamics' Tax Rate stood at 2.01% in 2022, then soared by 668 bps to 11.42% in 2023, then jumped by 164 bps to 30.2% in 2024, then slumped by 86 bps to 4.17% in 2025, then soared by 428 bps to 22.04% in 2026.
  • The last three Tax Rate figures came in at 22.04% (Q1 2026), 4.17% (Q4 2025), and 21.39% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 20.62%
3 ArcelorMittal 51.15 Bn 48.81 Bn - -18.06%
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 22.04%
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 24.01%
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 26.38%
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 24.48%
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 15.98%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.04%
Mar 31, 2026 22.04%
Dec 31, 2025 4.17%
Dec 31, 2025 4.17%
Sep 30, 2025 21.39%
Sep 30, 2025 21.39%
Jun 30, 2025 22.35%
Jun 30, 2025 22.35%
Mar 31, 2025 22.44%
Mar 31, 2025 22.44%
Dec 31, 2024 30.20%
Dec 31, 2024 30.20%
Sep 30, 2024 21.35%
Sep 30, 2024 21.35%
Jun 30, 2024 23.61%
Jun 30, 2024 23.61%
Mar 31, 2024 23.28%
Mar 31, 2024 23.28%
Dec 31, 2023 11.42%
Dec 31, 2023 11.42%