Steel Dynamics Inc (STLD)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,537,130	2,450,880	3,862,670	3,214,070	550,822
Revenue	US$ in thousands	17,540,400	18,795,300	22,260,800	18,408,800	9,601,480
Net profit margin		8.76%	13.04%	17.35%	17.46%	5.74%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,537,130K ÷ $17,540,400K
= 8.76%

Steel Dynamics Inc's net profit margin has shown variability over the past five years. In December 31, 2020, the net profit margin was 5.74%, indicating that for every dollar of revenue generated, the company retained 5.74 cents as profit.

Subsequently, there was a significant increase in the net profit margin to 17.46% by December 31, 2021, and a slightly lower margin of 17.35% by December 31, 2022. This improvement suggests that the company was able to effectively control costs and increase profitability during these years.

However, there was a slight decrease in the net profit margin to 13.04% by December 31, 2023, followed by a further decline to 8.76% by December 31, 2024. This downward trend could be attributed to various factors such as increased operating expenses, lower sales prices, or changing market conditions.

Overall, Steel Dynamics Inc's net profit margin has shown both growth and decline in recent years, indicating the company's ability to generate profit from its operations but also highlighting the need for continued attention to cost management and operational efficiency to maintain and improve profitability in the future.