Steel
10 companies · $133B combined revenue · $8.8B operating profit
The typical US-listed steel company grew revenue 3.9% and earnings -9.5% in its latest year, at a 8.1% operating margin, and 2 of 9 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
3.9%Median revenue growth
-9.5%Median earnings growth
-6.6%Median revenue growth, 3 yrs
-31.4%Median earnings growth, 3 yrs
8.1%Median operating margin
5.2%Median ROCE
Fastest revenue growthWorthington Enterprises WOR19.7%Fastest earnings growthArcelorMittal MT135%Highest ROCECarpenter Technology CRS21.2%Biggest margin gainWorthington Enterprises WOR+6.4 pts
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more10%
- Operating leverage · Operating income growing faster than a growing revenue25%
- Margin expansion · Operating margin up 1 point or more22%
- Debt reduction · Debt down 5% or more, or net cash33%
Combined revenue · 7 companies reporting in US dollars
Combined operating margin
All 10 companies
| Median | – | 3.9% | -9.5% | 8.1% | 5.2% | 0.31x |
| NUENUCOR | $32.5B | 5.7%▲ | -14%▼ | – | – | 0.33x▼ |
| MTArcelorMittal | $61.4B | -1.7%▼ | 135%▲ | 5.9%▼ | 4.8%▼ | 0.25x▲ |
| STLDSteel Dynamics | $18.2B | 3.6%▼ | -22.9%▼ | 8.1% | 10.3%▲ | 0.47x▼ |
| TSTenaris | $12.0B | -4.3%▼ | -5%▲ | 19.1%▲ | 12.9%▲ | 0.02x▲ |
| ATIATI | $4.6B | 5.2%▲ | 9.9%▲ | 14%▲ | 15.7%▲ | 0.97x▼ |
| CRSCarpenter Technology | $3.1B | 8.6%▲ | 40.9%▲ | 22.5%▲ | 21.2%▲ | 0.31x |
| PKXPOSCO | KRW 68.99T | -6.1%▼ | -47.6%▼ | 2.1%▼ | 1.8%▼ | 0.51x▼ |
| GGBGerdau | BRL 69.9B | 4.2%▲ | -69.2%▼ | 5.4%▼ | 5.2% | – |
| SIMGRUPO SIMEC, S.A.B. de C.V. | MXN 30.3B | -10%▼ | -85.7%▼ | 9.3%▲ | 4.5%▼ | 0.02x▲ |
| WORWorthington Enterprises | $1.4B | 19.7%▲ | 62.5%▲ | 5.5%▼ | 4.7%▼ | 0.30x▲ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).