National Steel (SID) Gross Margin (2013 - 2026)

National Steel's (SID) quarterly Gross Margin came in at 23.79% in Q1 2026, up 58.0% year-on-year from 15.06% in Q1 2025, and down 26.04% quarter-over-quarter from 32.17% in Q4 2025.

National Steel (SID) Gross Margin (2013 - 2026) Analysis & Trends

National Steel has disclosed Gross Margin across 14 years of filings, most recently posting 23.79% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 23.79%, up 58.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.83% (up 101.0% YoY), and the FY2025 annual result was 27.67%, up 89.0% from the prior year.
  • Gross Margin came in at 23.79% for Q1 2026 at National Steel, down from 32.17% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 48.65% in Q2 2022 to a low of 17.84% in Q3 2022.
  • The 5-year median for Gross Margin is 26.48% (2024), against an average of 23.45%.
  • Across the five-year window, Gross Margin jumped 9440 bps in 2022 and slumped 4174 bps in 2023, its largest moves.
  • National Steel's Gross Margin stood at 33.74% in 2022, then fell by 9 bps to 30.56% in 2023, then increased by 3 bps to 31.46% in 2024, then climbed by 2 bps to 32.17% in 2025, then retreated by 26 bps to 23.79% in 2026.
  • The last three Gross Margin figures came in at 23.79% (Q1 2026), 32.17% (Q4 2025), and 29.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn 17.46%
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 15.81%
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 14.66%
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 29.11%
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -1.67%
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -42.64%
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn 23.79%
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 9.89%
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 19.29%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.79%
Dec 31, 2025 32.17%
Sep 30, 2025 29.40%
Jun 30, 2025 25.49%
Mar 31, 2025 23.22%
Dec 31, 2024 31.46%
Sep 30, 2024 24.70%
Jun 30, 2024 27.47%
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%
Dec 31, 2021 -60.66%
Mar 31, 2020 11.05%
Dec 31, 2019 59.61%
Mar 31, 2019 33.04%