Company / Gross Margin
Steel Dynamics Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
13.2%
FY2025
5-year range
13.2% / 29.1%
FY2021-FY2025
Trend
-17.6%
vs FY2024
Sector context
#57 of 69
Materials
What the data says
Steel Dynamics's gross margin of 13.2% is lower than 83% of companies in the Materials sector (FY2025). Gross Margin has fluctuated over the past 10 years, ranging from 9.6% in FY2017 to 29.1% in FY2023.
Based on SEC 10-K filings.
13.2% in FY2025 with a 5-year CAGR of -6.5%.
Declined from 29.1% to 13.2% over the past 2 years.
Materials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -1.8pp
- 5-Year Change
- -6.5pp
- 10-Year Change
- -
Sector benchmark
Bottom 17% in MaterialsTop 83% of 69This company 13.2% Sector average 26.0%
▼
-49.3% below sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 17.6% year-over-year.
- Currently 12.8pp below the Materials sector average.
- Peak gross margin was recorded in FY2023.
- Lowest gross margin in the period was in FY2017.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 13.2% | -17.6% |
| FY2024 | 16.0% | -45.1% |
| FY2023 | 29.1% | +95.0% |
| FY2022 | 14.9% | +2.1% |
| FY2021 | 14.6% | -25.5% |
| FY2020 | 19.7% | +18.4% |
| FY2019 | 16.6% | -3.3% |
| FY2018 | 17.2% | +78.2% |
| FY2017 | 9.6% | -12.7% |
| FY2016 | 11.0% | +13.1% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026