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| Date | Value |
|---|---|
| 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 |