Company / Operating Margin
Steel Dynamics Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
8.1%
FY2025
5-year range
8.1% / 23.4%
FY2021-FY2025
Trend
-26.7%
vs FY2024
Sector context
#39 of 84
Materials
What the data says
At 8.1%, Steel Dynamics's operating margin ranks #39 of 84 in the Materials sector. Operating Margin has fluctuated over the past 10 years, ranging from -1.0% in FY2017 to 23.4% in FY2023.
Based on SEC 10-K filings.
8.1% in FY2025 with a 5-year CAGR of -6.5%.
Declined from 23.4% to 8.1% over the past 2 years.
Materials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -0.7pp
- 5-Year Change
- -6.5pp
- 10-Year Change
- -
Sector benchmark
#39 of 84 in MaterialsTop 46% of 84This company 8.1% Sector average -70.2%
▼
+111.6% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 26.7% year-over-year.
- Currently 78.3pp above the Materials sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2017.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 8.1% | -26.7% |
| FY2024 | 11.1% | -52.6% |
| FY2023 | 23.4% | +164.9% |
| FY2022 | 8.8% | -6.5% |
| FY2021 | 9.4% | -35.3% |
| FY2020 | 14.6% | +30.3% |
| FY2019 | 11.2% | +19.4% |
| FY2018 | 9.4% | +1075.0% |
| FY2017 | -1.0% | -126.2% |
| FY2016 | 3.7% | -30.2% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026