Steel Dynamics (SD5) Ratios
Steel Dynamics Ratios
DE:SD5's free cash flow for Q3 2026 was $696.19M. For the 2026 fiscal year, DE:SD5's free cash flow was decreased by $-149.61M and operating cash flow was $845.79M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.06 | 2.53 | 2.91 | 3.76 | 3.10 |
| Quick Ratio | 1.29 | 1.08 | 1.67 | 2.22 | 1.51 |
| Cash Ratio | 0.36 | 0.27 | 0.60 | 0.80 | 0.56 |
| Solvency Ratio | 0.23 | 0.34 | 0.48 | 0.70 | 0.57 |
| Operating Cash Flow Ratio | 0.68 | 0.86 | 1.51 | 2.19 | 0.99 |
| Short-Term Operating Cash Flow Coverage | 41.83 | 4.32 | 7.65 | 77.80 | 22.68 |
| Net Current Asset Value | $ -998.27M | $ -558.65M | $ 718.93M | $ 1.57B | $ 689.96M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.26 | 0.22 | 0.21 | 0.22 | 0.25 |
| Debt-to-Equity Ratio | 0.47 | 0.37 | 0.35 | 0.38 | 0.49 |
| Debt-to-Capital Ratio | 0.32 | 0.27 | 0.26 | 0.27 | 0.33 |
| Long-Term Debt-to-Capital Ratio | 0.32 | 0.24 | 0.23 | 0.27 | 0.32 |
| Financial Leverage Ratio | 1.83 | 1.67 | 1.68 | 1.74 | 1.99 |
| Debt Service Coverage Ratio | 17.28 | 4.31 | 5.56 | 29.25 | 23.65 |
| Interest Coverage Ratio | 21.07 | 34.48 | 41.20 | 55.63 | 75.18 |
| Debt to Market Cap | 0.17 | 0.18 | 0.16 | 0.17 | 0.24 |
| Interest Debt Per Share | 28.97 | 21.89 | 18.90 | 17.24 | 15.42 |
| Net Debt to EBITDA | 1.63 | 1.09 | 0.45 | 0.26 | 0.40 |
| Profitability Margins | |||||
| Gross Profit Margin | 13.01% | 15.98% | 21.53% | 27.48% | 29.13% |
| EBIT Margin | 8.60% | 11.63% | 17.53% | 22.97% | 23.18% |
| EBITDA Margin | 11.63% | 14.36% | 19.86% | 24.69% | 25.06% |
| Operating Profit Margin | 8.12% | 11.08% | 16.77% | 22.87% | 23.36% |
| Pretax Profit Margin | 8.21% | 11.30% | 17.13% | 22.56% | 22.86% |
| Net Profit Margin | 6.52% | 8.76% | 13.04% | 17.35% | 17.46% |
| Continuous Operations Profit Margin | 6.53% | 8.84% | 13.13% | 17.43% | 17.64% |
| Net Income Per EBT | 79.41% | 77.52% | 76.14% | 76.93% | 76.36% |
| EBT Per EBIT | 101.15% | 102.05% | 102.15% | 98.61% | 97.86% |
| Return on Assets (ROA) | 7.22% | 10.29% | 16.44% | 27.28% | 25.65% |
| Return on Equity (ROE) | 13.24% | 17.20% | 27.64% | 47.51% | 50.98% |
| Return on Capital Employed (ROCE) | 10.33% | 15.20% | 25.06% | 41.99% | 41.74% |
| Return on Invested Capital (ROIC) | 8.19% | 11.48% | 18.53% | 32.29% | 31.90% |
| Return on Tangible Assets | 7.60% | 10.80% | 17.29% | 28.85% | 27.28% |
| Earnings Yield | 4.73% | 8.67% | 12.46% | 21.56% | 25.25% |
| Efficiency Ratios | |||||
| Receivables Turnover | 10.80 | 12.38 | 11.69 | 10.83 | 9.61 |
| Payables Turnover | 12.84 | 15.04 | 13.55 | 15.87 | 10.19 |
| Inventory Turnover | 4.23 | 4.73 | 5.10 | 5.16 | 3.69 |
| Fixed Asset Turnover | 2.12 | 2.16 | 2.79 | 4.14 | 3.87 |
| Asset Turnover | 1.11 | 1.17 | 1.26 | 1.57 | 1.47 |
| Working Capital Turnover Ratio | 4.76 | 4.53 | 3.74 | 4.33 | 4.80 |
| Cash Conversion Cycle | 91.66 | 82.34 | 75.93 | 81.48 | 100.96 |
| Days of Sales Outstanding | 33.79 | 29.49 | 31.23 | 33.71 | 38.00 |
| Days of Inventory Outstanding | 86.30 | 77.12 | 71.63 | 70.77 | 98.79 |
| Days of Payables Outstanding | 28.42 | 24.27 | 26.93 | 23.00 | 35.83 |
| Operating Cycle | 120.09 | 106.61 | 102.87 | 104.48 | 136.79 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 9.81 | 11.87 | 21.13 | 24.32 | 10.75 |
| Free Cash Flow Per Share | 3.39 | -0.15 | 11.18 | 19.37 | 5.84 |
| Dividend Paid and CapEx Coverage Ratio | 1.17 | 0.86 | 1.82 | 3.89 | 1.81 |
| Capital Expenditure Coverage Ratio | 1.53 | 0.99 | 2.12 | 4.91 | 2.19 |
| Operating Cash Flow Coverage Ratio | 0.34 | 0.55 | 1.15 | 1.45 | 0.71 |
| Operating Cash Flow to Sales Ratio | 0.08 | 0.11 | 0.19 | 0.20 | 0.12 |
| Free Cash Flow Yield | 2.00% | -0.13% | 9.47% | 19.82% | 9.41% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 21.13 | 11.53 | 8.03 | 4.64 | 3.96 |
| Price-to-Sales (P/S) Ratio | 1.38 | 1.01 | 1.05 | 0.80 | 0.69 |
| Price-to-Book (P/B) Ratio | 2.80 | 1.98 | 2.22 | 2.20 | 2.02 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 49.94 | -754.32 | 10.56 | 5.05 | 10.63 |
| Price-to-Operating Cash Flow Ratio | 17.28 | 9.61 | 5.59 | 4.02 | 5.78 |
| Price-to-Earnings Growth (PEG) Ratio | -1.12 | -0.35 | -0.27 | 0.13 | 0.01 |
| Enterprise Value Multiple | 13.47 | 8.13 | 5.72 | 3.52 | 3.16 |
| Enterprise Value | 28.49B | 20.48B | 21.34B | 19.36B | 14.59B |
| EV to EBITDA | 13.47 | 8.13 | 5.72 | 3.52 | 3.16 |
| EV to Sales | 1.57 | 1.17 | 1.14 | 0.87 | 0.79 |
| EV to Free Cash Flow | 56.80 | -871.58 | 11.46 | 5.45 | 12.18 |
| EV to Operating Cash Flow | 19.65 | 11.11 | 6.06 | 4.34 | 6.62 |
| Tangible Book Value Per Share | 54.95 | 53.02 | 48.66 | 39.95 | 27.16 |
| Shareholders’ Equity Per Share | 60.60 | 57.48 | 53.24 | 44.33 | 30.74 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.20 | 0.22 | 0.23 | 0.23 | 0.23 |
| Revenue Per Share | 122.98 | 112.86 | 112.85 | 121.38 | 89.75 |
| Net Income Per Share | 8.02 | 9.89 | 14.72 | 21.06 | 15.67 |
| Tax Burden | 0.79 | 0.78 | 0.76 | 0.77 | 0.76 |
| Interest Burden | 0.96 | 0.97 | 0.98 | 0.98 | 0.99 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.05 | 0.04 | 0.00 | 0.02 | 0.03 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.22 | 1.19 | 1.44 | 1.15 | 0.68 |
Currency in USD