Steel Dynamics Inc (STLD)
Financial leverage ratio
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,412,900 | 14,935,200 | 14,908,400 | 14,160,000 | 12,531,200 |
| Total stockholders’ equity | US$ in thousands | 8,957,180 | 8,934,290 | 8,866,670 | 8,130,360 | 6,304,640 |
| Financial leverage ratio | 1.83 | 1.67 | 1.68 | 1.74 | 1.99 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,412,900K ÷ $8,957,180K
= 1.83
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
Steel Dynamics Inc
STLD
1.83
Commercial Metals Company
CMC
1.71
Nucor Corp
NUE
1.68