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