Steel Dynamics annual gross margin
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2025
Steel Dynamics Gross Margin Growth & History (STLD)
Steel Dynamics's gross margin was 13.16% for fiscal 2025.
View full Steel Dynamics company overviewSteel Dynamics annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.16% | −2.82 pp |
| 2024 | 2024-12-31 | 15.98% | −5.55 pp |
| 2023 | 2023-12-31 | 21.53% | −5.96 pp |
| 2022 | 2022-12-31 | 27.48% | −1.65 pp |
| 2021 | 2021-12-31 | 29.13% | +14.17 pp |
| 2020 | 2020-12-31 | 14.96% | +0.32 pp |
| 2019 | 2019-12-31 | 14.65% | −5.03 pp |
| 2018 | 2018-12-31 | 19.68% | +2.79 pp |
| 2017 | 2017-12-31 | 16.89% | −0.65 pp |
| 2016 | 2016-12-31 | 17.55% | +7.91 pp |
| 2015 | 2015-12-31 | 9.63% | −1.40 pp |
| 2014 | 2014-12-31 | 11.03% | +1.28 pp |
| 2013 | 2013-12-31 | 9.75% | −0.12 pp |
| 2012 | 2012-12-31 | 9.87% | −1.77 pp |
| 2011 | 2011-12-31 | 11.65% | +0.92 pp |
| 2010 | 2010-12-31 | 10.72% | +0.64 pp |
| 2009 | 2009-12-31 | 10.08% | −5.16 pp |
| 2008 | 2008-12-31 | 15.24% | −5.65 pp |
| 2007 | 2007-12-31 | 20.88% | — |
Steel Dynamics quarterly gross margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 15.74% | +2.20 pp |
| Q1 2026 | 2026-03-31 | 14.66% | +3.53 pp |
| Q4 2025 | 2025-12-31 | 11.99% | +0.58 pp |
| Q3 2025 | 2025-09-30 | 15.70% | +1.76 pp |
| Q2 2025 | 2025-06-30 | 13.55% | −3.18 pp |
| Q1 2025 | 2025-03-31 | 11.14% | −9.76 pp |
| Q4 2024 | 2024-12-31 | 11.41% | −5.86 pp |
| Q3 2024 | 2024-09-30 | 13.94% | −6.81 pp |
| Q2 2024 | 2024-06-30 | 16.73% | −8.99 pp |
| Q1 2024 | 2024-03-31 | 20.89% | −0.69 pp |
| Q4 2023 | 2023-12-31 | 17.26% | −0.87 pp |
| Q3 2023 | 2023-09-30 | 20.75% | −6.17 pp |
| Q2 2023 | 2023-06-30 | 25.72% | −5.86 pp |
| Q1 2023 | 2023-03-31 | 21.58% | −11.36 pp |
| Q4 2022 | 2022-12-31 | 18.13% | −14.89 pp |
| Q3 2022 | 2022-09-30 | 26.93% | −4.57 pp |
| Q2 2022 | 2022-06-30 | 31.58% | +4.64 pp |
| Q1 2022 | 2022-03-31 | 32.94% | +10.32 pp |
| Q4 2021 | 2021-12-31 | 33.02% | +15.98 pp |
| Q3 2021 | 2021-09-30 | 31.50% | +18.92 pp |
| Q2 2021 | 2021-06-30 | 26.94% | +13.35 pp |
| Q1 2021 | 2021-03-31 | 22.62% | +6.47 pp |
| Q4 2020 | 2020-12-31 | 17.04% | +3.55 pp |
| Q3 2020 | 2020-09-30 | 12.58% | −1.68 pp |
| Q2 2020 | 2020-06-30 | 13.59% | −1.63 pp |
| Q1 2020 | 2020-03-31 | 16.15% | +0.74 pp |
| Q4 2019 | 2019-12-31 | 13.48% | −4.49 pp |
| Q3 2019 | 2019-09-30 | 14.26% | −7.04 pp |
| Q2 2019 | 2019-06-30 | 15.22% | −5.92 pp |
| Q1 2019 | 2019-03-31 | 15.40% | −2.44 pp |
| Q4 2018 | 2018-12-31 | 17.98% | +3.14 pp |
| Q3 2018 | 2018-09-30 | 21.30% | +5.07 pp |
| Q2 2018 | 2018-06-30 | 21.15% | +4.73 pp |
| Q1 2018 | 2018-03-31 | 17.84% | −2.09 pp |
| Q4 2017 | 2017-12-31 | 14.84% | −2.97 pp |
| Q3 2017 | 2017-09-30 | 16.23% | −3.21 pp |
| Q2 2017 | 2017-06-30 | 16.42% | −2.38 pp |
| Q1 2017 | 2017-03-31 | 19.94% | +6.38 pp |
| Q4 2016 | 2016-12-31 | 17.81% | +8.74 pp |
| Q3 2016 | 2016-09-30 | 19.44% | +7.72 pp |
| Q2 2016 | 2016-06-30 | 18.79% | +10.23 pp |
| Q1 2016 | 2016-03-31 | 13.56% | +4.42 pp |
| Q4 2015 | 2015-12-31 | 9.06% | −2.52 pp |
| Q3 2015 | 2015-09-30 | 11.72% | −0.61 pp |
| Q2 2015 | 2015-06-30 | 8.57% | −2.20 pp |
| Q1 2015 | 2015-03-31 | 9.14% | +0.21 pp |
| Q4 2014 | 2014-12-31 | 11.59% | +0.96 pp |
| Q3 2014 | 2014-09-30 | 12.33% | +2.02 pp |
| Q2 2014 | 2014-06-30 | 10.76% | +2.56 pp |
| Q1 2014 | 2014-03-31 | 8.92% | −0.89 pp |
| Q4 2013 | 2013-12-31 | 10.62% | +0.06 pp |
| Q3 2013 | 2013-09-30 | 10.31% | +1.08 pp |
| Q2 2013 | 2013-06-30 | 8.20% | −1.34 pp |
| Q1 2013 | 2013-03-31 | 9.82% | −0.34 pp |
| Q4 2012 | 2012-12-31 | 10.56% | +1.95 pp |
| Q3 2012 | 2012-09-30 | 9.24% | −0.51 pp |
| Q2 2012 | 2012-06-30 | 9.54% | −3.75 pp |
| Q1 2012 | 2012-03-31 | 10.15% | −4.52 pp |
| Q4 2011 | 2011-12-31 | 8.62% | −0.13 pp |
| Q3 2011 | 2011-09-30 | 9.75% | +0.94 pp |
| Q2 2011 | 2011-06-30 | 13.29% | +1.53 pp |
| Q1 2011 | 2011-03-31 | 14.67% | +1.14 pp |
| Q4 2010 | 2010-12-31 | 8.75% | −9.74 pp |
| Q3 2010 | 2010-09-30 | 8.81% | +0.12 pp |
| Q2 2010 | 2010-06-30 | 11.76% | −5.61 pp |
| Q1 2010 | 2010-03-31 | 13.53% | −6.42 pp |
| Q3 2009 | 2009-09-30 | 18.49% | — |
| Q2 2009 | 2009-06-30 | 8.69% | — |
| Q3 2008 | 2008-09-30 | 17.36% | — |
| Q2 2008 | 2008-06-30 | 19.95% | — |
Steel Dynamics gross margin trends
Over the last five reported fiscal years, Steel Dynamics's gross margin decreased from 14.96% to 13.16%, a change of −1.80 percentage points. The latest reported quarter, Q2 2026, shows 15.74%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Steel Dynamics filings at SEC.gov ↗