Steel Dynamics Inc (STLD)
Operating return on assets (Operating ROA)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,475,986 | 1,403,258 | 1,290,938 | 1,467,206 | 1,943,037 | 2,224,071 | 2,562,184 | 3,066,801 | 3,151,186 | 3,391,698 | 3,877,988 | 4,432,308 | 5,091,818 | 5,761,900 | 5,864,100 | 5,201,775 | 4,301,104 | 3,130,724 | 1,964,540 | 1,167,655 |
| Total assets | US$ in thousands | 16,412,900 | 15,965,000 | 15,548,600 | 15,930,400 | 14,935,200 | 15,659,800 | 15,061,300 | 15,026,800 | 14,908,400 | 14,929,000 | 14,551,400 | 14,219,800 | 14,160,000 | 14,047,700 | 13,711,200 | 13,056,600 | 12,531,200 | 11,536,000 | 10,687,300 | 10,127,900 |
| Operating ROA | 8.99% | 8.79% | 8.30% | 9.21% | 13.01% | 14.20% | 17.01% | 20.41% | 21.14% | 22.72% | 26.65% | 31.17% | 35.96% | 41.02% | 42.77% | 39.84% | 34.32% | 27.14% | 18.38% | 11.53% |
December 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,475,986K ÷ $16,412,900K
= 8.99%
Peer comparison
Dec 31, 2025
Company name
Symbol
Operating ROA
Steel Dynamics Inc
STLD
8.99%
Commercial Metals Company
CMC
7.25%
Nucor Corp
NUE
7.57%