Steel Dynamics Inc (STLD)
Financial leverage ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,412,900 | 15,965,000 | 15,548,600 | 15,930,400 | 14,935,200 | 15,659,800 | 15,061,300 | 15,026,800 | 14,908,400 | 14,929,000 | 14,551,400 | 14,219,800 | 14,160,000 | 14,047,700 | 13,711,200 | 13,056,600 | 12,531,200 | 11,536,000 | 10,687,300 | 10,127,900 |
| 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 |
| Financial leverage ratio | 1.83 | 1.77 | 1.75 | 1.81 | 1.67 | 1.72 | 1.65 | 1.66 | 1.68 | 1.68 | 1.67 | 1.71 | 1.74 | 1.76 | 1.81 | 1.87 | 1.99 | 2.06 | 2.13 | 2.14 |
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