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| Date | Value |
|---|---|
| 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% |