Steel Dynamics Inc (STLD)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,492,971 | 1,426,329 | 1,320,508 | 1,497,754 | 1,982,881 | 2,281,157 | 2,627,731 | 3,136,939 | 3,218,947 | 3,435,158 | 3,889,029 | 4,411,129 | 5,021,070 | 5,671,470 | 5,765,560 | 5,099,938 | 4,209,067 | 3,021,034 | 1,851,834 | 1,024,081 |
| Revenue (ttm) | US$ in thousands | 18,176,590 | 17,634,680 | 17,148,080 | 17,215,590 | 17,540,390 | 17,901,670 | 18,147,110 | 18,596,110 | 18,795,320 | 19,388,190 | 20,452,840 | 21,584,090 | 22,260,780 | 22,745,150 | 22,181,730 | 20,434,160 | 18,408,860 | 15,699,440 | 12,941,980 | 10,570,970 |
| Pretax margin | 8.21% | 8.09% | 7.70% | 8.70% | 11.30% | 12.74% | 14.48% | 16.87% | 17.13% | 17.72% | 19.01% | 20.44% | 22.56% | 24.93% | 25.99% | 24.96% | 22.86% | 19.24% | 14.31% | 9.69% |
December 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,492,971K ÷ $18,176,590K
= 8.21%
Peer comparison
Dec 31, 2025
Company name
Symbol
Pretax margin
Steel Dynamics Inc
STLD
8.21%
Commercial Metals Company
CMC
1.38%
Nucor Corp
NUE
7.90%