Steel Dynamics Inc (STLD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,450,880 | 3,862,670 | 3,214,070 | 550,822 | 671,103 |
| Revenue | US$ in thousands | 18,718,800 | 22,260,800 | 18,408,800 | 9,601,480 | 10,465,000 |
| Net profit margin | 13.09% | 17.35% | 17.46% | 5.74% | 6.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,450,880K ÷ $18,718,800K
= 13.09%
Steel Dynamics Inc.'s net profit margin has shown fluctuations over the past five years. The highest net profit margin was reported in 2021 at 17.46%, followed closely by 2022 at 17.35%. These years indicate strong profitability relative to revenue. In 2020, the net profit margin was lower at 5.74%, which suggests a decrease in profitability compared to the preceding years. However, there was a noticeable improvement in profitability in 2019 with a net profit margin of 6.41%.
Overall, the company's net profit margin has generally been healthy, with the most recent figure for 2023 standing at 13.04%. This indicates that the company was able to retain approximately 13.04% of its revenue as net profit, reflecting a moderate level of profitability. It is crucial for Steel Dynamics Inc. to continue monitoring and managing its expenses and revenue streams to ensure sustained or improved profitability in the future.
Peer comparison
Dec 31, 2023