Steel Dynamics Inc (STLD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,151,180 | 5,091,820 | 4,301,100 | 847,142 | 986,880 |
| Revenue | US$ in thousands | 18,718,800 | 22,260,800 | 18,408,800 | 9,601,480 | 10,465,000 |
| Operating profit margin | 16.83% | 22.87% | 23.36% | 8.82% | 9.43% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,151,180K ÷ $18,718,800K
= 16.83%
The operating profit margin of Steel Dynamics Inc. has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 16.77% from 22.87% in 2022. This decline could indicate challenges in managing operating expenses or a decrease in sales revenue relative to operating costs.
Comparing 2023 with previous years, the operating profit margin was lower than the 23.36% in 2021 but higher than the 9.03% in 2020 and 9.43% in 2019. The improvement from 2020 and 2019 suggests that the company may have implemented cost-saving measures or improved operational efficiencies.
Overall, Steel Dynamics Inc. should continue monitoring its operating profit margin closely to ensure it remains competitive and sustains profitability in the long term.
Peer comparison
Dec 31, 2023