Steel Dynamics Financial Ratios
NASDAQ: STLDIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Steel Dynamics ratio analysis
Steel Dynamics earned a net margin of 6.5% in FY 2025, down from 8.8% a year earlier. Gross margin was 13.2% compared with a median of 17.2% over the prior 9 years. Return on equity reached 13.2%, meaning Steel Dynamics generated 0.13 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.47 versus 0.36 the year before, and the current ratio was 3.06. At the end of FY 2025, STLD traded at 22.0 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 4.0 to 22.8, with a median of 11.2. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Steel Dynamics financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 22.04 | 11.50 | 8.07 | 4.67 | 3.99 | 14.24 | 10.92 | 5.90 | 12.84 | 22.81 |
| Price / sales | 1.43 | 1.00 | 1.05 | 0.80 | 0.69 | 0.81 | 0.70 | 0.62 | 1.09 | 1.11 |
| Price / book | 2.91 | 1.97 | 2.22 | 2.20 | 2.02 | 1.79 | 1.79 | 1.87 | 3.09 | 2.96 |
| Gross margin | 13.2% | 16.0% | 21.5% | 27.5% | 29.1% | 14.9% | 14.6% | 19.6% | 16.6% | 17.2% |
| Operating margin | 8.1% | 11.1% | 16.8% | 22.9% | 23.4% | 8.8% | 9.4% | 14.6% | 11.2% | 9.4% |
| Net margin | 6.5% | 8.8% | 13.0% | 17.4% | 17.5% | 5.9% | 6.5% | 10.6% | 8.4% | 4.6% |
| Free cash flow margin | 2.8% | -0.1% | 9.9% | 16.0% | 6.5% | -2.2% | 9.0% | 9.9% | 6.0% | 8.4% |
| Return on equity (ROE) | 13.2% | 17.2% | 27.6% | 47.5% | 51.0% | 13.1% | 16.6% | 31.9% | 24.0% | 12.3% |
| Return on assets (ROA) | 7.2% | 10.3% | 16.4% | 27.3% | 25.6% | 6.2% | 8.2% | 16.3% | 11.8% | 5.6% |
| Debt / equity | 0.47 | 0.36 | 0.35 | 0.38 | 0.49 | 0.71 | 0.67 | 0.60 | 0.71 | 0.81 |
| Current ratio | 3.06 | 2.53 | 2.91 | 3.76 | 3.10 | 3.38 | 4.22 | 3.96 | 4.04 | 4.11 |
| Revenue growth | 3.6% | -6.7% | -15.6% | 20.9% | 91.7% | -8.3% | -11.5% | 23.9% | 22.7% | 2.4% |
| EPS growth | -18.8% | -32.8% | -30.0% | 34.4% | 500.8% | -14.8% | -43.2% | 59.2% | 115.4% | — |