TTM
9.4%
YoY change
−2.96pp
Trough year (2015)
-1.0%
Peak year (2004)
23.6%
Latest annual
8.1%
Operating Margin history chart for Steel Dynamics (STLD) from 1996 to 2025
Latest: 8.1%
Operating Margin change chart for Steel Dynamics (STLD) from 1996 to 2025
Latest: −2.96pp
Operating Margin history table for Steel Dynamics (STLD) from 1996 to 2025
| 2025 | 8.1% | -2.96pp | ||
| 2024 | 11.1% | -5.69pp | ||
| 2023 | 16.8% | -6.11pp | ||
| 2022 | 22.9% | -0.49pp | ||
| 2021 | 23.4% | +14.54pp | ||
| 2020 | 8.8% | -0.61pp | ||
| 2019 | 9.4% | -5.14pp | ||
| 2018 | 14.6% | +3.39pp | ||
| 2017 | 11.2% | +1.82pp | ||
| 2016 | 9.4% | +10.32pp | ||
| 2015 | -1.0% | -4.62pp | ||
| 2014 | 3.7% | -1.58pp | ||
| 2013 | 5.2% | -0.12pp | ||
| 2012 | 5.4% | -1.95pp | ||
| 2011 | 7.3% | +1.52pp | ||
| 2010 | 5.8% | +2.77pp | ||
| 2009 | 3.0% | -7.56pp | ||
| 2008 | 10.6% | -5.18pp | ||
| 2007 | 15.8% | -4.59pp | ||
| 2006 | 20.4% | +2.36pp | ||
| 2005 | 18.0% | -5.64pp | ||
| 2004 | 23.6% | +13.85pp | ||
| 2003 | 9.8% | -9.17pp | ||
| 2002 | 19.0% | +14.69pp | ||
| 2001 | 4.3% | -10.95pp | ||
| 2000 | 15.2% | +0.87pp | ||
| 1999 | 14.3% | +1.68pp | ||
| 1998 | 12.7% | -2.85pp | ||
| 1997 | 15.5% | +8.32pp | ||
| 1996 | 7.2% | — |
- 20258.1%-2.96pp
- 202411.1%-5.69pp
- 202316.8%-6.11pp
- 202222.9%-0.49pp
- 202123.4%+14.54pp
- 20208.8%-0.61pp
- 20199.4%-5.14pp
- 201814.6%+3.39pp
- 201711.2%+1.82pp
- 20169.4%+10.32pp
- 2015-1.0%-4.62pp
- 20143.7%-1.58pp
- 20135.2%-0.12pp
- 20125.4%-1.95pp
- 20117.3%+1.52pp
- 20105.8%+2.77pp
- 20093.0%-7.56pp
- 200810.6%-5.18pp
- 200715.8%-4.59pp
- 200620.4%+2.36pp
- 200518.0%-5.64pp
- 200423.6%+13.85pp
- 20039.8%-9.17pp
- 200219.0%+14.69pp
- 20014.3%-10.95pp
- 200015.2%+0.87pp
- 199914.3%+1.68pp
- 199812.7%-2.85pp
- 199715.5%+8.32pp
- 19967.2%—
Operating Margin values are taken from Steel Dynamics's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Steel Dynamics (STLD)
According to Steel Dynamics's latest reported financial statements, the company's latest reported operating margin is 9.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Steel Dynamics (STLD) most recent annual operating margin stands at 8.12% (2025) – contracted 3.0 percentage points year-over-year.
The record annual operating margin stands at 23.63%, reached in 2004; the historical low of -0.96% was recorded in 2015.
Steel Dynamics Operating Margin by Year
Steel Dynamics Operating Margin 2025: 8.1%
Steel Dynamics operating margin in 2025 was 8.12%, contracted 3.0 percentage points from 2024.
Steel Dynamics Operating Margin 2024: 11.1%
2024's operating margin for Steel Dynamics came in at 11.08%, contracted 5.7 percentage points from 2023.
Steel Dynamics Operating Margin 2023: 16.8%
Steel Dynamics posted operating margin of 16.77% in 2023, contracted 6.1 percentage points from 2022.
Steel Dynamics Operating Margin 2022: 22.9%
In 2022, Steel Dynamics reported operating margin of 22.87%, contracted 0.5 percentage points from 2021.
Steel Dynamics Operating Margin 2021: 23.4%
Steel Dynamics operating margin in 2021 was 23.36%.
See more financial history for Steel Dynamics (STLD).
Sector peers by Operating Margin
Basic Materials peers of Steel Dynamics (STLD), ranked by their latest operating margin
| 56.9% | |
| 54.6% | |
| 52.6% | |
| 28.8% | |
| 27.8% | |
| 17.5% | |
| 16.1% | |
| 13.2% |
- 52.6%
- 28.8%
- 17.5%
- 13.2%
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