Stock Analysis on Net
Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Steel Dynamics Inc., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss) attributable to Steel Dynamics, Inc.1 ÷ Net sales1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The financial data reveals several important trends over the analyzed period. Net sales exhibited significant volatility but maintained an overall upward trajectory. Starting at approximately 2.18 billion USD in 2005, sales grew substantially to exceed 8 billion USD by 2008, followed by a decline in 2009 to around 3.96 billion USD. From 2010 onwards, net sales recovered steadily, peaking at roughly 18.41 billion USD by the end of 2021, indicating robust growth in revenue over the longer term.

Net income attributable to the company also showed notable fluctuations. After reaching a strong position near 463 million USD in 2008, net income deteriorated sharply in 2009, resulting in a loss of approximately 8.2 million USD. Recovery began the following year, with income gradually increasing, including a significant spike from 2016 to 2018, culminating in over 1.25 billion USD in 2018. Although there was a decline in the following years, net income surged again dramatically, achieving a record high exceeding 3.2 billion USD in 2021. This pattern indicates periods of both operational challenges and strong profitability phases.

Examining profitability via the net profit margin, the data reflects a similar pattern of instability and recovery. The margin was relatively strong in early years, peaking at 12.25% in 2006, then fell sharply in 2009 to slightly negative levels, which corresponds to the reported loss in that year. Starting in 2011, margins improved steadily, exceeding 10% again by 2018. Although margins dipped somewhat during 2019 and 2020, a substantial improvement occurred in 2021, with the margin reaching 17.46%, the highest level in the reported timeframe. This indicates that the company improved efficiency or achieved better cost control and pricing power over time.

Net Sales
Overall rising trend with volatility; sharp increase to over 8 billion USD by 2008, drop in 2009, followed by stable and strong growth reaching 18.4 billion USD by 2021.
Net Income
Marked fluctuations including a loss in 2009; strong recovery and peaks observed in 2017–2018 and again in 2021, culminating in significant profitability gains by the end of the period.
Net Profit Margin
Initially strong but variable; decline to negative territory in 2009, followed by consistent recovery and improvement with record-high margin in 2021 at 17.46%.

Comparison to Competitors

Steel Dynamics Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Steel Dynamics Inc. Freeport-McMoRan Inc.
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Materials)

Steel Dynamics Inc., net profit margin, long-term trends, comparison to industry (materials)

Microsoft Excel
Steel Dynamics Inc. Materials
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Dec 31, 2015
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Dec 31, 2012
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).