Want to see STLD full AI Analyst Report?
Operating Margin by Segment
Reveals the efficiency of each segment in turning revenue into profit, indicating competitive strengths or weaknesses in different parts of the business.Core steel and fabrication margins remain the company’s earnings engine—supported by record shipments, higher realized pricing and above‑industry utilization—while metals recycling is rebounding with scrap pricing tailwinds. Aluminum is the clear outlier: startup issues and an inventory write‑down turned what should be a growth leg into a near‑term drag, but management’s ramp, certifications and explicit through‑cycle EBITDA targets suggest the weakness is transitional. The persistent volatility in “Other” masks comparability quarter‑to‑quarter, so focus on steel/fabrication cash generation and aluminum ramp progress, not headline swings.
Date | Other | Steel Operations | Metals Recycling | Steel Fabrication | Aluminum |
|---|---|---|---|---|---|
Mar 31, 2026 | -18.56 | 15.73 | 8.00 | 25.18 | -28.40 |
Dec 31, 2025 | -24.35 | 10.26 | 4.03 | 26.07 | -29.86 |
Sep 30, 2025 | -22.50 | 13.60 | 2.80 | 28.30 | -54.10 |
Jun 30, 2025 | 18.00 | 17.40 | 3.80 | 21.50 | 9.60 |
Mar 31, 2025 | -19.67 | 7.50 | 4.80 | 33.14 | -43.16 |
Dec 31, 2024 | 190.90 | 6.20 | 29.50 | 5.90 | 0.00 |
Sep 30, 2024 | -14.60 | 10.00 | 0.60 | 36.80 | -26.46 |
Jun 30, 2024 | -16.80 | 13.50 | 2.40 | 38.20 | -1.03K |
Mar 31, 2024 | -31.50 | 19.10 | 1.70 | 39.50 | 0.00 |
Dec 31, 2023 | -178.90 | 12.20 | 0.20 | 47.60 | 0.00 |