Steel Dynamics Inc (STLD)
Interest coverage
| 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 |
| Interest expense (ttm) | US$ in thousands | 70,043 | 57,664 | 61,162 | 56,500 | 56,347 | 56,563 | 57,907 | 65,955 | 76,484 | 85,544 | 92,476 | 97,376 | 91,538 | 80,021 | 67,378 | 56,609 | 57,209 | 65,077 | 71,323 | 84,127 |
| Interest coverage | 22.32 | 25.74 | 22.59 | 27.51 | 36.19 | 41.33 | 46.38 | 48.56 | 43.09 | 41.16 | 43.05 | 46.30 | 55.85 | 71.87 | 86.57 | 91.09 | 74.57 | 47.42 | 26.96 | 13.17 |
December 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,563,014K ÷ $70,043K
= 22.32
Peer comparison
Dec 31, 2025
Company name
Symbol
Interest coverage
Steel Dynamics Inc
STLD
22.32
Commercial Metals Company
CMC
3.36
Nucor Corp
NUE
18.23