Steel Dynamics Inc (STLD)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	2,787,277	3,068,341	3,415,143	3,954,811	4,037,797	4,302,546	4,814,957	5,391,437	6,117,827	6,892,120	7,028,320	6,344,670	5,362,426	4,042,839	2,735,024	1,819,765	1,434,728	1,308,884	1,375,908	1,512,643
Revenue (ttm)	US$ in thousands	17,540,390	17,901,670	18,147,110	18,596,110	18,795,320	19,388,190	20,452,840	21,584,090	22,260,780	22,745,150	22,181,730	20,434,160	18,408,860	15,699,440	12,941,980	10,570,970	9,601,470	9,370,720	9,566,730	10,242,950
Gross profit margin		15.89%	17.14%	18.82%	21.27%	21.48%	22.19%	23.54%	24.98%	27.48%	30.30%	31.69%	31.05%	29.13%	25.75%	21.13%	17.21%	14.94%	13.97%	14.38%	14.77%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,787,277K ÷ $17,540,390K
= 15.89%

The gross profit margin of Steel Dynamics Inc has shown fluctuations over the reported period from March 31, 2020, to December 31, 2024. Initially starting at 14.77% in March 2020, the margin slightly decreased to 14.38% in June 2020, and further declined to 13.97% in September 2020. However, starting from December 2020, there was a consistent improvement in the gross profit margin, reaching 29.13% by December 31, 2021. The margin continued to increase significantly, reaching its peak at 31.69% by June 30, 2022.

Subsequently, there was a slight decline in the gross profit margin, dropping to 21.27% by March 31, 2024, from the high it reached in June 2022. The margin continued to decrease, reaching 15.89% by December 31, 2024. Overall, the trend in the gross profit margin of Steel Dynamics Inc reflects a period of growth and improvement followed by a decline in recent periods. It will be important to monitor future financial statements to assess whether this decreasing trend continues or stabilizes.