Steel Dynamics Inc (STLD)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 1,563,014 | 1,483,993 | 1,381,670 | 1,554,254 | 2,039,228 | 2,337,720 | 2,685,638 | 3,202,887 | 3,295,424 | 3,520,695 | 3,981,501 | 4,508,501 | 5,112,605 | 5,751,490 | 5,832,940 | 5,156,556 | 4,266,284 | 3,086,117 | 1,923,157 | 1,108,208 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,957,180 | 8,995,140 | 8,864,050 | 8,824,710 | 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 |
| Return on total capital | 17.45% | 16.50% | 15.59% | 17.61% | 22.82% | 25.74% | 29.41% | 35.30% | 37.17% | 39.59% | 45.72% | 54.08% | 62.88% | 72.15% | 76.87% | 74.04% | 67.67% | 55.03% | 38.31% | 23.44% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,563,014K ÷ ($—K + $8,957,180K)
= 17.45%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Steel Dynamics Inc
STLD
17.45%
Commercial Metals Company
CMC
3.65%
Nucor Corp
NUE
12.98%