Steel Dynamics (STLD) Tax Rate (2009 - 2026)
Steel Dynamics (STLD) recorded Tax Rate of 22.78% in Q3 2026, up 1.39 percentage points from 21.39% a year earlier and up 0.44 percentage points from the prior quarter.
Powered by 
Analysis
Steel Dynamics (STLD) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Steel Dynamics' Tax Rate came in at 21.51% as of Sep 30, 2026, up 0.92 percentage points year-over-year; for FY2025, it came in at 20.47%, down 1.36 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +1.39 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 21.83% in FY2024 (-1.52 pp), 23.35% in FY2023 (+0.61 pp), 22.74% in FY2022 (-0.13 pp) and 22.86% in FY2021 (+3.78 pp).
- The Q3 2026 figure is the highest quarterly Tax Rate since Q2 2024.
- On a year-over-year basis, Tax Rate rose in three of the last eight quarters, with an average year-over-year change of -0.94 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 11.42 percentage points in Q4 2021, against a drop of 7.27 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.34% (Q2 2026), 22.04% (Q1 2026) and 14.84% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | - |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 26.14% |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | - |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 31.40% |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 28.19% |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 27.90% |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 21.23% |
| 10 | Steel Dynamics | 31.88 Bn | 28.69 Bn | 1.28 Bn | 22.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.78% |
| Jun 30, 2026 | 22.34% |
| Mar 31, 2026 | 22.04% |
| Dec 31, 2025 | 14.84% |
| Sep 30, 2025 | 21.39% |
| Jun 30, 2025 | 22.35% |
| Mar 31, 2025 | 22.44% |
| Dec 31, 2024 | 13.97% |
| Sep 30, 2024 | 21.35% |
| Jun 30, 2024 | 23.61% |
| Mar 31, 2024 | 23.28% |
| Dec 31, 2023 | 21.25% |
| Sep 30, 2023 | 23.17% |
| Jun 30, 2023 | 24.03% |
| Mar 31, 2023 | 24.00% |
| Dec 31, 2022 | 15.75% |
| Sep 30, 2022 | 24.00% |
| Jun 30, 2022 | 23.91% |
| Mar 31, 2022 | 24.04% |
| Dec 31, 2021 | 22.23% |
API Access
Steel Dynamics Tax Rate 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=tax-rate&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();