STLD vs TX
Steel Dynamics Inc. and Ternium S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | STLD | TX |
|---|---|---|
| Revenue | $18.2B | $15.6B |
| Net income | $1.2B | $425.2M |
| Gross margin | 13.2% | 15.1% |
| Net margin | 6.5% | 1.9% |
| Return on equity | 13.3% | 3.6% |
| Diluted EPS | $7.99 | $0.22 |
| Dividend / share | $2.00 | $0.27 |
| Payout ratio | 24.6% | 124.6% |
| Free cash flow | $501.5M | $-345.5M |
| Equity | $9.0B | $11.9B |
| Net debt / equity | 0.38× | 0.07× |
| Current ratio | 3.06× | 2.49× |
| Revenue CAGR 5y | 13.6% | 12.3% |
| Profit CAGR 5y | · | −11.4% |
STLD bills 1.2× the revenue of TX, and keeps more of each dollar of revenue as profit (6.5% against 1.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | STLD | TX |
|---|---|---|
| FY2025 | $18.2B | $15.6B |
| FY2024 | $17.5B | $17.6B |
| FY2023 | $18.8B | $17.6B |
| FY2022 | $22.3B | $16.4B |
| FY2021 | $18.4B | $16.1B |
| FY2020 | $9.6B | $8.7B |
| FY2019 | $10.5B | $10.2B |
| FY2018 | $11.8B | $11.5B |
| FY2017 | $9.5B | $9.7B |
| FY2016 | $7.8B | $7.2B |
Bottom line
| Fiscal year | STLD | TX |
|---|---|---|
| FY2025 | $1.2B | $425.2M |
| FY2024 | $1.5B | $-53.7M |
| FY2023 | $2.5B | $676.0M |
| FY2022 | $3.9B | $1.8B |
| FY2021 | $3.2B | $3.8B |
| FY2020 | $570.8M | $778.5M |
| FY2019 | $677.9M | $564.3M |
| FY2018 | $1.3B | $1.5B |
| FY2017 | $805.8M | $886.2M |
| FY2016 | $360.0M | $595.6M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,567,487,000 | STLD |
| FY2024 | −$108,670,000 | TX |
| FY2023 | +$1,185,224,000 | STLD |
| FY2022 | +$5,846,308,000 | STLD |
| FY2021 | +$2,318,106,000 | STLD |
| FY2020 | +$866,047,000 | STLD |
| FY2019 | +$272,173,000 | STLD |
| FY2018 | +$367,032,000 | STLD |
| FY2017 | −$161,499,000 | TX |
| FY2016 | +$553,134,000 | STLD |
| FY2015 | −$283,038,000 | TX |
The higher-revenue side has changed between STLD and TX over this period. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.6 pp | STLD |
| FY2024 | +7.9 pp | STLD |
| FY2023 | +7.5 pp | STLD |
| FY2022 | +4.7 pp | STLD |
| FY2021 | −9.5 pp | TX |
| FY2020 | −4.0 pp | TX |
| FY2019 | +0.3 pp | STLD |
| FY2018 | −3.9 pp | TX |
| FY2017 | −2.1 pp | TX |
| FY2016 | −5.2 pp | TX |
| FY2015 | −2.7 pp | TX |
The higher net margin has changed hands between STLD and TX over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TX's net margin has been more volatile than STLD's over the 11 comparable fiscal years — 7.3 percentage points of standard deviation against 5.4.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between STLD and TX over these 11 fiscal years — STLD led in 5 and TX in 6.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STLD's return on equity has been more volatile than TX's over the 5 comparable fiscal years — 19.0 percentage points of standard deviation against 15.7.
5 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
STLD led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 14 comparable fiscal years — a year missing data on either side is not counted.