Steel Dynamics Inc (STLD) stock
STLDNasdaqSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 23, 2026Score 16/3042% above fair value
$229.43−7.68 (-3.24%)
Close on Nov 13, 2026Market cap $32.63BP/E 16.9Yield 0.87%
Steel Dynamics operating margin
Operating margin is operating income as a percentage of revenue.
Steel Dynamics's operating margin for the twelve months ending Sep 30, 2026 was 11.5%. For fiscal 2025 it was 8.1%, against 11.1% the year before. The highest annual figure on record is 23.4% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8.1% | −3.0 |
| FY2024 | Dec 31, 2024 | 11.1% | −5.7 |
| FY2023 | Dec 31, 2023 | 16.8% | −6.1 |
| FY2022 | Dec 31, 2022 | 22.9% | −0.5 |
| FY2021 | Dec 31, 2021 | 23.4% | +14.5 |
| FY2020 | Dec 31, 2020 | 8.8% | −0.6 |
| FY2019 | Dec 31, 2019 | 9.4% | −5.1 |
| FY2018 | Dec 31, 2018 | 14.6% | +3.4 |
| FY2017 | Dec 31, 2017 | 11.2% | +1.8 |
| FY2016 | Dec 31, 2016 | 9.4% | +10.3 |
| FY2015 | Dec 31, 2015 | -1.0% | −4.6 |
| FY2014 | Dec 31, 2014 | 3.7% | −1.6 |
| FY2013 | Dec 31, 2013 | 5.2% | −0.1 |
| FY2012 | Dec 31, 2012 | 5.4% | −1.9 |
| FY2011 | Dec 31, 2011 | 7.3% | +1.5 |
| FY2010 | Dec 31, 2010 | 5.8% | +2.8 |
| FY2009 | Dec 31, 2009 | 3.0% | −7.5 |
| FY2008 | Dec 31, 2008 | 10.5% | −5.3 |
| FY2007 | Dec 31, 2007 | 15.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 15.5% | +4.9 |
| Q2 FY2026 | Jun 30, 2026 | 11.5% | +3.1 |
| Q1 FY2026 | Mar 31, 2026 | 10.3% | +4.0 |
| Q4 FY2025 | Dec 31, 2025 | 7.0% | +0.9 |
| Q3 FY2025 | Sep 30, 2025 | 10.5% | +1.4 |
| Q2 FY2025 | Jun 30, 2025 | 8.4% | −3.7 |
| Q1 FY2025 | Mar 31, 2025 | 6.3% | −9.7 |
| Q4 FY2024 | Dec 31, 2024 | 6.1% | −6.1 |
| Q3 FY2024 | Sep 30, 2024 | 9.1% | −6.9 |
| Q2 FY2024 | Jun 30, 2024 | 12.1% | −8.9 |
| Q1 FY2024 | Mar 31, 2024 | 16.0% | −1.1 |
| Q4 FY2023 | Dec 31, 2023 | 12.2% | −3.5 |
| Q3 FY2023 | Sep 30, 2023 | 16.0% | −5.6 |
| Q2 FY2023 | Jun 30, 2023 | 20.9% | −5.1 |
| Q1 FY2023 | Mar 31, 2023 | 17.1% | −9.8 |
| Q4 FY2022 | Dec 31, 2022 | 15.7% | −11.2 |
| Q3 FY2022 | Sep 30, 2022 | 21.6% | −4.4 |
| Q2 FY2022 | Jun 30, 2022 | 26.0% | +4.6 |
| Q1 FY2022 | Mar 31, 2022 | 26.8% | +10.1 |
| Q4 FY2021 | Dec 31, 2021 | 26.9% | +17.0 |
| Q3 FY2021 | Sep 30, 2021 | 26.0% | +19.3 |
| Q2 FY2021 | Jun 30, 2021 | 21.4% | +13.8 |
| Q1 FY2021 | Mar 31, 2021 | 16.8% | +6.1 |
| Q4 FY2020 | Dec 31, 2020 | 9.9% | +2.2 |
| Q3 FY2020 | Sep 30, 2020 | 6.7% | −2.3 |
| Q2 FY2020 | Jun 30, 2020 | 7.6% | −2.7 |
| Q1 FY2020 | Mar 31, 2020 | 10.6% | +0.3 |
| Q4 FY2019 | Dec 31, 2019 | 7.7% | −4.8 |
| Q3 FY2019 | Sep 30, 2019 | 9.0% | −7.5 |
| Q2 FY2019 | Jun 30, 2019 | 10.3% | −6.0 |
| Q1 FY2019 | Mar 31, 2019 | 10.4% | −2.1 |
| Q4 FY2018 | Dec 31, 2018 | 12.6% | +4.2 |
| Q3 FY2018 | Sep 30, 2018 | 16.5% | +5.4 |
| Q2 FY2018 | Jun 30, 2018 | 16.2% | +5.1 |
| Q1 FY2018 | Mar 31, 2018 | 12.4% | −1.7 |
| Q4 FY2017 | Dec 31, 2017 | 8.4% | +5.5 |
| Q3 FY2017 | Sep 30, 2017 | 11.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 11.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 14.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 2.9% | – |
See a number that looks wrong?