National Steel (SID) Gross Margin (2009 - 2026)
National Steel (SID) posted Gross Margin of 23.79% for Q1 2026, down 14.01% sequentially from 27.67% in Q4 2025, and up 58.0% YoY from 15.06% in Q1 2025.
National Steel (SID) Gross Margin (2009 - 2026) Analysis & Trends
National Steel has reported Gross Margin for 18 years, with the latest figure at 23.79% in Q1 2026.
- Quarterly Gross Margin rose 58.0% year-over-year to 23.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.19% (up 145.0% YoY) and the FY2025 annual result came in at 27.67%, up 89.0% from the prior year.
- Gross Margin retreated to 23.79% in Q1 2026 per SID's latest filing, from 27.67% in the prior quarter.
- Over five years, Gross Margin peaked at 634.21% in Q1 2022 and troughed at 17.84% in Q3 2022.
- A 5-year average of 60.44% and a median of 25.07% in 2024 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 58608 bps in 2022, down 125133 bps in 2022.
- Over 5 years, Gross Margin stood at 33.74% in 2022, then decreased by 9 bps to 30.56% in 2023, then decreased by 18 bps to 24.99% in 2024, then rose by 11 bps to 27.67% in 2025, then retreated by 14 bps to 23.79% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 23.79%, 27.67%, and 26.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 110.44 Bn | 100.55 Bn | 941.02 Mn | 21.68% |
| 2 | Nucor | 56.77 Bn | 54.08 Bn | 2.03 Bn | 19.56% |
| 3 | ArcelorMittal | 55.51 Bn | 50.66 Bn | - | - |
| 4 | Steel Dynamics | 32.97 Bn | 32.39 Bn | 958.97 Mn | 15.74% |
| 5 | Reliance | 19.71 Bn | 19.48 Bn | 1.30 Bn | 28.09% |
| 6 | Cleveland-Cliffs | 6.62 Bn | 6.55 Bn | 132.00 Mn | 2.53% |
| 7 | Gerdau | 5.50 Bn | 4.37 Bn | 558.98 Mn | 15.83% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.33 Bn | 1.83 Bn | 1.04 Bn | 16.96% |
| 10 | National Steel | 50.20 Mn | -2.81 Bn | 479.33 Mn | 23.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.79% |
| Dec 31, 2025 | 27.67% |
| Sep 30, 2025 | 26.13% |
| Jun 30, 2025 | 24.34% |
| Mar 31, 2025 | 23.22% |
| Sep 30, 2024 | 24.99% |
| Jun 30, 2024 | 25.15% |
| Mar 31, 2024 | 22.56% |
| Dec 31, 2023 | 30.56% |
| Sep 30, 2023 | 5.32% |
| Jun 30, 2023 | 6.91% |
| Mar 31, 2023 | 27.57% |
| Dec 31, 2022 | 33.74% |
| Sep 30, 2022 | -17.84% |
| Jun 30, 2022 | 48.65% |
| Mar 31, 2022 | 634.21% |
| Dec 31, 2021 | -60.66% |
| Sep 30, 2021 | 1,233.48% |
| Mar 31, 2021 | 48.14% |
| Dec 31, 2020 | 43.23% |