Filing Flows › Steel Dynamics (STLD) › Operating margin
Steel Dynamics (STLD) operating margin by quarter
Steel Dynamics' operating margin was 15.5% in Q3 2026 (third quarter 2026), +4.0 pts from Q2 2026. Over the last 7 quarters it ranged from 6.3% (Q1 2025) to 15.5% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 15.5% | +4.0 pts | +4.9 pts |
| Q2 2026 | 11.5% | +1.2 pts | +3.1 pts |
| Q1 2026 | 10.3% | +3.3 pts | +4.0 pts |
| Q4 2025 | 7.0% | -3.5 pts | — |
| Q3 2025 | 10.5% | +2.1 pts | — |
| Q2 2025 | 8.4% | +2.1 pts | — |
| Q1 2025 | 6.3% | — | — |
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' operating margin?
Steel Dynamics' operating margin was 15.5% in Q3 2026 (third quarter 2026), +4.0 pts from Q2 2026.
How has Steel Dynamics' operating margin changed?
Over the last 7 quarters it ranged from 6.3% (Q1 2025) to 15.5% (Q3 2026).