STEEL DYNAMICS INC (STLD) closed fiscal year 2025 with a gross margin of 13.2 % and a net margin of 6.5 %.
STEEL DYNAMICS INC (STLD) closed fiscal year 2025 with a gross margin of 13.2 % and a net margin of 6.5 %. The same year shows an EBITDA margin of 11.2 % and an EBIT margin of 8.1 %. The free cash flow margin was 2.8 %. Against the previous year the gross margin moved −2.8 pp and the net margin −2.2 pp. Across the period the gross margin ranges between 9.6 % in 2015 and 29.1 % in 2021. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 20.88 % | 15.24 % | 10.08 % | 10.72 % | 11.65 % | 9.87 % | 9.75 % | 11.03 % | 9.63 % | 17.16 % | 16.59 % | 19.65 % | 14.63 % | 14.94 % | 29.13 % | 27.48 % | 21.53 % | 15.98 % | 13.16 % |
| EBITDA margin (%) | 18.90 % | 13.06 % | 8.61 % | 9.36 % | 10.10 % | 8.45 % | 8.37 % | 6.67 % | 2.92 % | 13.17 % | 14.32 % | 17.25 % | 12.50 % | 12.22 % | 25.25 % | 24.60 % | 19.10 % | 13.81 % | 11.15 % |
| EBIT margin (%) | 15.75 % | 10.47 % | 3.02 % | 5.79 % | 7.31 % | 5.37 % | 5.24 % | 3.66 % | -0.96 % | 9.36 % | 11.18 % | 14.57 % | 9.43 % | 8.82 % | 23.36 % | 22.87 % | 16.77 % | 11.08 % | 8.12 % |
| Net margin (%) | 9.00 % | 5.73 % | -0.21 % | 2.23 % | 3.48 % | 2.24 % | 2.57 % | 1.79 % | -1.72 % | 4.91 % | 8.52 % | 10.64 % | 6.41 % | 5.74 % | 17.46 % | 17.35 % | 13.04 % | 8.76 % | 6.52 % |
| FCF margin (%) | 0.52 % | 4.43 % | 2.92 % | 0.57 % | 3.99 % | 3.05 % | 1.70 % | 5.90 % | 12.37 % | 8.42 % | 6.02 % | 9.95 % | 9.02 % | -2.20 % | 6.51 % | 15.95 % | 9.91 % | -0.13 % | 2.76 % |
