Steel Dynamics Inc (STLD) - Net Assets

Latest as of December 2025: $8.93 Billion USD

Based on the latest financial reports, Steel Dynamics Inc (STLD) has net assets worth $8.93 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.41 Billion) and total liabilities ($7.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Steel Dynamics Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets $8.93 Billion
% of Total Assets 54.41%
Annual Growth Rate 17.95%
5-Year Change 41.3%
10-Year Change 209.15%
Growth Volatility 56.52

Steel Dynamics Inc - Net Assets Trend (1995–2025)

This chart illustrates how Steel Dynamics Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Steel Dynamics Inc for the complete picture of this company's asset base.

Annual Net Assets for Steel Dynamics Inc (1995–2025)

The table below shows the annual net assets of Steel Dynamics Inc from 1995 to 2025. For live valuation and market cap data, see Steel Dynamics Inc stock valuation.

Year Net Assets Change
2025-12-31 $8.93 Billion -0.17%
2024-12-31 $8.95 Billion +1.20%
2023-12-31 $8.84 Billion +9.19%
2022-12-31 $8.10 Billion +28.09%
2021-12-31 $6.32 Billion +45.35%
2020-12-31 $4.35 Billion +6.97%
2019-12-31 $4.06 Billion +4.57%
2018-12-31 $3.89 Billion +17.57%
2017-12-31 $3.31 Billion +14.46%
2016-12-31 $2.89 Billion +8.13%
2015-12-31 $2.67 Billion -8.57%
2014-12-31 $2.92 Billion +11.85%
2013-12-31 $2.61 Billion +5.48%
2012-12-31 $2.48 Billion +4.47%
2011-12-31 $2.37 Billion +11.24%
2010-12-31 $2.13 Billion +6.38%
2009-12-31 $2.00 Billion +22.73%
2008-12-31 $1.63 Billion +5.98%
2007-12-31 $1.54 Billion +24.97%
2006-12-31 $1.23 Billion +39.90%
2005-12-31 $880.99 Million +3.70%
2004-12-31 $849.59 Million +44.53%
2003-12-31 $587.85 Million +11.70%
2002-12-31 $526.29 Million +24.32%
2001-12-31 $423.34 Million +0.11%
2000-12-31 $422.87 Million +7.55%
1999-12-31 $393.20 Million +11.99%
1998-12-31 $351.10 Million +4.00%
1997-12-31 $337.60 Million +27.59%
1996-12-31 $264.60 Million +320.00%
1995-12-31 $63.00 Million --

Equity Component Analysis

This analysis shows how different components contribute to Steel Dynamics Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1571894200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $15.69 Billion 175.16%
Common Stock $653.00K 0.01%
Other Comprehensive Income $-598.00K -0.01%
Total Equity $8.96 Billion 100.00%

Steel Dynamics Inc Competitors by Market Cap

The table below lists competitors of Steel Dynamics Inc ranked by their market capitalization.

Company Market Cap
Trip.com Group Limited
F:CLV
 $28.24 Billion
Axon Enterprise Inc.
NASDAQ:AXON
 $28.25 Billion
China Merchants Bank Co. Ltd
F:M4B
 $28.27 Billion
Chroma ATE Inc
TW:2360
 $28.29 Billion
Veeva Systems Inc Class A
NYSE:VEEV
 $28.21 Billion
DENSO CORP. ADR 4
F:DNOA
 $28.19 Billion
Chunghwa Telecom Co. Ltd
F:CHWD
 $28.17 Billion
FIRSTRAND ADR/ 10 RC -01
F:FSR
 $28.13 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Steel Dynamics Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 8,934,287,000 to 8,957,182,000, a change of 22,895,000 (0.3%).
  • Net income of 1,185,595,000 contributed positively to equity growth.
  • Dividend payments of 291,176,000 reduced retained earnings.
  • Share repurchases of 900,870,000 reduced equity.
  • Other comprehensive income decreased equity by 598,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $1.19 Billion +13.24%
Dividends Paid $291.18 Million -3.25%
Share Repurchases $900.87 Million -10.06%
Other Comprehensive Income $-598.00K -0.01%
Other Changes $29.94 Million +0.33%
Total Change $- 0.26%

Book Value vs Market Value Analysis

This analysis compares Steel Dynamics Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 3.80x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 467.23x to 3.80x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 $0.49 $229.27 x
1996-12-31 $1.91 $229.27 x
1997-12-31 $1.73 $229.27 x
1998-12-31 $1.80 $229.27 x
1999-12-31 $2.03 $229.27 x
2000-12-31 $2.23 $229.27 x
2001-12-31 $2.28 $229.27 x
2002-12-31 $2.75 $229.27 x
2003-12-31 $2.67 $229.27 x
2004-12-31 $3.75 $229.27 x
2005-12-31 $4.26 $229.27 x
2006-12-31 $5.82 $229.27 x
2007-12-31 $7.77 $229.27 x
2008-12-31 $8.35 $229.27 x
2009-12-31 $9.91 $229.27 x
2010-12-31 $8.92 $229.27 x
2011-12-31 $9.81 $229.27 x
2012-12-31 $10.17 $229.27 x
2013-12-31 $10.66 $229.27 x
2014-12-31 $12.03 $229.27 x
2015-12-31 $11.07 $229.27 x
2016-12-31 $11.93 $229.27 x
2017-12-31 $13.86 $229.27 x
2018-12-31 $16.73 $229.27 x
2019-12-31 $18.46 $229.27 x
2020-12-31 $20.46 $229.27 x
2021-12-31 $30.51 $229.27 x
2022-12-31 $44.04 $229.27 x
2023-12-31 $52.96 $229.27 x
2024-12-31 $57.22 $229.27 x
2025-12-31 $60.36 $229.27 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Steel Dynamics Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.24%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.52%
  • • Asset Turnover: 1.11x
  • • Equity Multiplier: 1.83x
  • Recent ROE (13.24%) is below the historical average (15.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 -31.59% -19900.00% 0.00x 5.09x $-26.20 Million
1996 -3.74% -3.92% 0.48x 1.97x $-36.36 Million
1997 13.03% 10.47% 0.66x 1.90x $10.24 Million
1998 9.03% 6.16% 0.57x 2.58x $-3.41 Million
1999 10.07% 6.37% 0.62x 2.53x $260.00K
2000 12.85% 7.77% 0.65x 2.55x $11.92 Million
2001 0.75% 0.52% 0.51x 2.82x $-38.71 Million
2002 14.93% 9.01% 0.68x 2.45x $25.71 Million
2003 8.03% 4.78% 0.68x 2.47x $-11.58 Million
2004 34.86% 13.77% 1.24x 2.05x $210.60 Million
2005 25.21% 10.15% 1.24x 2.00x $133.80 Million
2006 32.22% 12.25% 1.44x 1.83x $273.60 Million
2007 25.80% 9.00% 0.97x 2.96x $241.65 Million
2008 28.54% 5.73% 1.54x 3.24x $301.00 Million
2009 -0.41% -0.21% 0.77x 2.58x $-207.01 Million
2010 6.72% 2.23% 1.13x 2.67x $-68.58 Million
2011 12.01% 3.48% 1.34x 2.58x $46.53 Million
2012 6.80% 2.24% 1.25x 2.42x $-77.00 Million
2013 7.43% 2.57% 1.24x 2.33x $-65.42 Million
2014 5.39% 1.79% 1.20x 2.51x $-134.28 Million
2015 -4.86% -1.72% 1.22x 2.31x $-398.28 Million
2016 13.05% 4.91% 1.21x 2.19x $89.41 Million
2017 24.25% 8.52% 1.39x 2.05x $477.58 Million
2018 31.98% 10.64% 1.53x 1.96x $864.87 Million
2019 16.47% 6.41% 1.26x 2.03x $263.52 Million
2020 12.68% 5.74% 1.04x 2.13x $116.31 Million
2021 50.98% 17.46% 1.47x 1.99x $2.58 Billion
2022 47.51% 17.35% 1.57x 1.74x $3.05 Billion
2023 27.64% 13.04% 1.26x 1.68x $1.56 Billion
2024 17.20% 8.76% 1.17x 1.67x $643.71 Million
2025 13.24% 6.52% 1.11x 1.83x $289.88 Million

Industry Comparison

This section compares Steel Dynamics Inc's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $296,496,222
  • Average return on equity (ROE) among peers: 6.47%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Steel Dynamics Inc (STLD) $8.93 Billion -31.59% 0.84x $28.22 Billion
Cleveland-Cliffs Inc (CLF) $248.30 Million -13.17% 2.61x $5.92 Billion
Commercial Metals Company (CMC) $381.40 Million 11.20% 1.63x $7.61 Billion
Friedman Industries Inc. Common Stock (FRD) $25.70 Million 18.68% 0.79x $137.98 Million
Friedman Industries Inc. Common Stock (FRD) $28.62 Million 8.76% 0.58x $138.83 Million
Gerdau SA ADR (GGB) $2.18 Billion 16.21% 1.92x $5.42 Billion
Hongli Group Inc. Ordinary Shares (HLP) $11.49 Million 27.87% 0.90x $61.39 Million
Huadi International Group Co Ltd (HUDI) $51.48 Million 4.92% 0.95x $17.02 Million
Inno Holdings Inc. Common Stock (INHD) $384.62K -27.56% 2.02x $647.82K
FST Corp. Ordinary Shares (KBSX) $25.03 Million -0.36% 0.86x $51.70 Million
Luda Technology Group Limited (LUD) $16.75 Million 18.11% 1.79x $136.59 Million

About Steel Dynamics Inc

NASDAQ:STLD USA Steel
Market Cap
$33.48 Billion
Market Cap Rank
#925 Global
#392 in USA
Share Price
$229.27
Change (1 day)
+0.27%
52-Week Range
$121.36 - $229.27
All Time High
$229.27
Categories
Companies in USA Steel
About

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large … Read more