Filing Flows › Steel Dynamics (STLD) › Gross margin
Steel Dynamics (STLD) gross margin by quarter
Steel Dynamics' gross margin was 19.7% in Q3 2026 (third quarter 2026), +4.0 pts from Q2 2026. Over the last 7 quarters it ranged from 11.1% (Q1 2025) to 19.7% (Q3 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.7% | +4.0 pts | +4.0 pts |
| Q2 2026 | 15.7% | +1.1 pts | +2.2 pts |
| Q1 2026 | 14.7% | +2.7 pts | +3.5 pts |
| Q4 2025 | 12.0% | -3.7 pts | — |
| Q3 2025 | 15.7% | +2.1 pts | — |
| Q2 2025 | 13.5% | +2.4 pts | — |
| Q1 2025 | 11.1% | — | — |
Q3 2026 at a glance
Steel Dynamics, Q3 2026: revenue $6.5B (+35% year over year), operating margin 15.5%, net earnings $756M, operating cash flow $846M. The chart follows the revenue to costs, profit and cash.
Questions
What is Steel Dynamics' gross margin?
Steel Dynamics' gross margin was 19.7% in Q3 2026 (third quarter 2026), +4.0 pts from Q2 2026.
How has Steel Dynamics' gross margin changed?
Over the last 7 quarters it ranged from 11.1% (Q1 2025) to 19.7% (Q3 2026).