National Steel (SID) Change in Taxes (2013 - 2025)

National Steel's (SID) quarterly Change in Taxes came in at -$129.0 million in Q4 2025, up 70.44% year-on-year from -$75.7 million in Q4 2024, and down 104.05% quarter-over-quarter from $3.2 billion in Q3 2025.

National Steel (SID) Change in Taxes (2013 - 2025) Analysis & Trends

National Steel has disclosed Change in Taxes across 4 years of filings, most recently posting -$129.0 million for Q4 2025.

  • Change in Taxes for Q4 2025 came in at -$129.0 million, up 70.44% year-over-year; the trailing twelve-month figure through Sep 2025 was $3.2 billion (changed N/A YoY), and the FY2025 annual result was -$129.0 million, down 104.33% from the prior year.
  • Change in Taxes came in at -$129.0 million for Q4 2025 at National Steel, down from $3.2 billion in the prior quarter.
  • In the past five years, Change in Taxes ranged from a high of $4.0 billion in Q4 2023 to a low of -$436.3 million in Q4 2024.
  • The 3-year median for Change in Taxes is $3.0 billion (2025), against an average of $2.1 billion.
  • Across the five-year window, Change in Taxes slumped 110.97% in 2024 and soared 70.44% in 2025, its largest moves.
  • National Steel's Change in Taxes stood at $4.0 billion in 2023, then plunged by 110.97% to -$436.3 million in 2024, then jumped by 70.44% to -$129.0 million in 2025.
  • The last three Change in Taxes figures came in at -$129.0 million (Q4 2025), $3.2 billion (Q3 2025), and $3.0 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -129.68 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 78.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 74.43 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn -
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 4.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn -
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -128.95 Mn
Dec 31, 2025 -128.95 Mn
Sep 30, 2025 3.19 Bn
Sep 30, 2025 3.19 Bn
Jun 30, 2025 3.02 Bn
Jun 30, 2025 3.02 Bn
Mar 31, 2025 2.90 Bn
Mar 31, 2025 2.90 Bn
Dec 31, 2024 -436.26 Mn
Dec 31, 2024 -436.26 Mn
Dec 31, 2023 3.98 Bn
Dec 31, 2023 3.98 Bn
Dec 31, 2013 886.37 Mn
Dec 31, 2013 886.37 Mn