National Steel (SID) Interest Expenses (2014 - 2026)

National Steel's (SID) quarterly Interest Expenses came in at -$293.2 million in Q1 2026, down 1.03% year-on-year from -$296.2 million in Q1 2025, and up 75.5% quarter-over-quarter from -$1.2 billion in Q4 2025.

National Steel (SID) Interest Expenses (2014 - 2026) Analysis & Trends

National Steel has disclosed Interest Expenses across 13 years of filings, most recently posting -$293.2 million for Q1 2026.

  • Interest Expenses for Q1 2026 came in at -$293.2 million, down 1.03% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.1 billion (up 4.16% YoY), and the FY2025 annual result was $1.5 billion, up 19.78% from the prior year.
  • Interest Expenses came in at -$293.2 million for Q1 2026 at National Steel, up from -$1.2 billion in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of -$208.4 million in Q1 2022 to a low of -$1.2 billion in Q4 2024.
  • The 5-year median for Interest Expenses is -$328.3 million (2024), against an average of -$509.7 million.
  • Across the five-year window, Interest Expenses slumped 145.99% in 2022 and advanced 27.65% in 2024, its largest moves.
  • National Steel's Interest Expenses stood at -$793.1 million in 2022, then sank by 36.32% to -$1.1 billion in 2023, then retreated by 10.85% to -$1.2 billion in 2024, then rose by 0.13% to -$1.2 billion in 2025, then surged by 75.5% to -$293.2 million in 2026.
  • The last three Interest Expenses figures came in at -$293.2 million (Q1 2026), -$1.2 billion (Q4 2025), and -$270.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -50.19 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 39.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 33.24 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 15.40 Mn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -293.18 Mn
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 2.10 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 348,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 -293.18 Mn
Mar 31, 2026 -293.18 Mn
Dec 31, 2025 -1.20 Bn
Dec 31, 2025 -1.20 Bn
Sep 30, 2025 -270.50 Mn
Sep 30, 2025 -270.50 Mn
Jun 30, 2025 -313.23 Mn
Jun 30, 2025 -313.23 Mn
Mar 31, 2025 -290.19 Mn
Mar 31, 2025 -290.19 Mn
Dec 31, 2024 -1.20 Bn
Dec 31, 2024 -1.20 Bn
Sep 30, 2024 -328.33 Mn
Sep 30, 2024 -328.33 Mn
Jun 30, 2024 -346.97 Mn
Jun 30, 2024 -346.97 Mn
Mar 31, 2024 -284.13 Mn
Mar 31, 2024 -284.13 Mn
Dec 31, 2023 -1.08 Bn
Dec 31, 2023 -1.08 Bn