Steel Dynamics Inc (STLD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,982,880 | 3,218,940 | 5,021,070 | 4,209,070 | 705,478 |
| Revenue | US$ in thousands | 17,540,400 | 18,795,300 | 22,260,800 | 18,408,800 | 9,601,480 |
| Pretax margin | 11.30% | 17.13% | 22.56% | 22.86% | 7.35% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,982,880K ÷ $17,540,400K
= 11.30%
Steel Dynamics Inc's pretax margin has shown volatility over the past five years. The company's pretax margin was 7.35% at the end of December 31, 2020, which increased significantly to 22.86% by the end of December 31, 2021. This improvement continued into 2022 with a pretax margin of 22.56%. However, in 2023, there was a decrease in the pretax margin to 17.13%, indicating some fluctuation in the company's profitability.
By the end of December 31, 2024, Steel Dynamics Inc's pretax margin decreased further to 11.30%. Despite the decline in the most recent year, the company has generally demonstrated an improvement in its pretax margin over the period under review. It is important for stakeholders to monitor the company's performance closely to understand the factors influencing these fluctuations and to assess the sustainability of its profitability in the future.
Peer comparison
Dec 31, 2024