Steel Dynamics Inc (STLD) — Tangible Net Worth Ratio
Steel Dynamics Inc (STLD) has a Tangible Net Worth Ratio of 96.5% as of March 2026. This metric is calculated by deducting intangible assets ($323.49 Million) from net assets ($9.13 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Steel Dynamics Inc (STLD) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Steel Dynamics Inc Tangible Net Worth Ratio (1995–2025)
This chart shows how Steel Dynamics Inc's Tangible Net Worth Ratio has changed across 31 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 96.5%, reflecting net assets of $9.13 Billion with intangible assets of $323.49 Million USD. See operational self-sufficiency of Steel Dynamics Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Steel Dynamics Inc (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Steel Dynamics Inc from 1995 to 2025, covering 31 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see STLD market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.3% | $8.93 Billion | $331.29 Million | $16.41 Billion | ▼ -1.2 pp |
| 2024 | 97.5% | $8.95 Billion | $227.23 Million | $14.94 Billion | ▲ +0.4 pp |
| 2023 | 97.1% | $8.84 Billion | $257.76 Million | $14.91 Billion | ▲ +0.4 pp |
| 2022 | 96.7% | $8.10 Billion | $267.51 Million | $14.16 Billion | ▲ +1.4 pp |
| 2021 | 95.3% | $6.32 Billion | $295.35 Million | $12.53 Billion | ▲ +2.8 pp |
| 2020 | 92.5% | $4.35 Billion | $324.58 Million | $9.27 Billion | ▲ +0.6 pp |
| 2019 | 91.9% | $4.06 Billion | $327.90 Million | $8.28 Billion | ▼ -1.1 pp |
| 2018 | 93.0% | $3.89 Billion | $270.33 Million | $7.70 Billion | ▲ +0.8 pp |
| 2017 | 92.2% | $3.31 Billion | $256.91 Million | $6.86 Billion | ▲ +2.1 pp |
| 2016 | 90.2% | $2.89 Billion | $283.98 Million | $6.42 Billion | ▲ +0.6 pp |
| 2015 | 89.6% | $2.67 Billion | $278.96 Million | $6.20 Billion | ▲ +2.2 pp |
| 2014 | 87.3% | $2.92 Billion | $370.67 Million | $7.31 Billion | ▲ +2.1 pp |
| 2013 | 85.2% | $2.61 Billion | $386.16 Million | $5.93 Billion | ▲ +2.0 pp |
| 2012 | 83.2% | $2.48 Billion | $416.63 Million | $5.82 Billion | ▲ +2.2 pp |
| 2011 | 81.0% | $2.37 Billion | $450.89 Million | $5.98 Billion | ▲ +3.9 pp |
| 2010 | 77.0% | $2.13 Billion | $489.24 Million | $5.59 Billion | ▲ +3.7 pp |
| 2009 | 73.4% | $2.00 Billion | $533.51 Million | $5.13 Billion | ▲ +11.1 pp |
| 2008 | 62.2% | $1.63 Billion | $616.46 Million | $5.25 Billion | ▼ -4.4 pp |
| 2007 | 66.6% | $1.54 Billion | $514.55 Million | $4.52 Billion | ▼ -32.4 pp |
| 2006 | 99.0% | $1.23 Billion | $12.23 Million | $2.25 Billion | ▼ -1.0 pp |
| 2005 | 100.0% | $880.99 Million | $0.00 | $1.76 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | $849.59 Million | $0.00 | $1.73 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $587.85 Million | $0.00 | $1.45 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $526.29 Million | $0.00 | $1.28 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | $423.34 Million | $0.00 | $1.18 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | $422.87 Million | $0.00 | $1.07 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | $393.20 Million | $0.00 | $991.60 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $351.10 Million | $0.00 | $907.50 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $337.60 Million | $0.00 | $640.90 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $264.60 Million | $0.00 | $522.30 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $63.00 Million | $0.00 | $320.70 Million | — |