Steel Dynamics Inc (STLD)
Return on equity (ROE)
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,537,134 | 1,754,111 | 2,013,504 | 2,397,613 | 2,450,882 | 2,661,476 | 2,998,606 | 3,396,049 | 3,862,669 | 4,318,305 | 4,394,743 | 3,887,484 | 3,214,061 | 2,311,404 | 1,420,784 | 793,989 | 550,822 | 484,404 | 535,309 | 654,115 |
| Total stockholders’ equity | US$ in thousands | 8,934,290 | 9,081,500 | 9,130,770 | 9,072,410 | 8,866,670 | 8,893,540 | 8,707,980 | 8,336,640 | 8,130,360 | 7,971,160 | 7,588,350 | 6,964,350 | 6,304,640 | 5,607,930 | 5,020,110 | 4,728,790 | 4,345,160 | 4,201,180 | 4,145,250 | 4,113,530 |
| ROE | 17.20% | 19.32% | 22.05% | 26.43% | 27.64% | 29.93% | 34.44% | 40.74% | 47.51% | 54.17% | 57.91% | 55.82% | 50.98% | 41.22% | 28.30% | 16.79% | 12.68% | 11.53% | 12.91% | 15.90% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,537,134K ÷ $8,934,290K
= 17.20%
Steel Dynamics Inc's return on equity (ROE) has experienced fluctuations over the evaluated period from March 31, 2020, to December 31, 2024. The ROE started at 15.90% in March 2020, decreased to 11.53% by September 2020, and then gradually increased to 57.91% by June 30, 2022, demonstrating a strong improvement in profitability.
Subsequently, the ROE started to decline from its peak, registering 22.05% by June 30, 2024, and further dropping to 17.20% by December 31, 2024. Despite the decline in the latter periods, Steel Dynamics Inc's ROE remained above 15%, indicating the company's ability to generate profit relative to shareholders' equity.
Overall, the ROE trend suggests a period of strong profitability followed by a slight decline in performance towards the end of the reporting period. Investors and stakeholders may need to closely monitor the company's performance to assess whether the declining trend persists or if there are opportunities for reversal and sustained growth in profitability.
Peer comparison
Dec 31, 2024