National Steel (SID) Operating Expenses (2009 - 2026)
National Steel's (SID) quarterly Operating Expenses came in at -$503.3 million in Q2 2026, down 12.77% year-over-year from -$577.0 million in Q2 2025, and down 89.74% quarter-over-quarter from -$265.3 million in Q1 2026.
Analysis
National Steel (SID) Operating Expenses (2009 - 2026) Analysis & Trends
National Steel has disclosed Operating Expenses across 18 years of filings, most recently posting -$503.3 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 12.77% year-over-year to -$503.3 million; the TTM figure through Jun 2026 stood at -$2.4 billion (down 16.61% YoY), while the FY2025 annual figure was -$1.1 billion, down 258.7% from the prior year.
- Operating Expenses came in at -$503.3 million for Q2 2026 at National Steel, down from -$265.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $131.5 million in Q3 2022 to a low of -$1.0 billion in Q4 2023.
- Average Operating Expenses over 5 years is -$297.6 million, with a median of -$215.3 million recorded in 2024.
- Year-over-year, Operating Expenses soared 399507.01% in 2022 and plunged 3343.89% in 2023.
- Over 5 years, Operating Expenses stood at $31.9 million in 2022, then plunged by 3343.89% to -$1.0 billion in 2023, then rose by 22.71% to -$798.8 million in 2024, then decreased by 19.12% to -$951.5 million in 2025, then jumped by 47.1% to -$503.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$503.3 million in Q2 2026, -$265.3 million in Q1 2026, and -$951.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 114.02 Bn | 104.12 Bn | 941.02 Mn | -46.36 Mn |
| 2 | Nucor | 58.75 Bn | 56.06 Bn | 2.03 Bn | 405.00 Mn |
| 3 | Steel Dynamics | 34.64 Bn | 34.06 Bn | 958.97 Mn | 193.45 Mn |
| 4 | Gerdau | 10.07 Bn | 9.00 Bn | 558.98 Mn | -64.82 Mn |
| 5 | Commercial Metals | 7.63 Bn | 7.07 Bn | 455.14 Mn | 2.29 Bn |
| 6 | Cleveland-Cliffs | 6.92 Bn | 6.85 Bn | 132.00 Mn | 5.28 Bn |
| 7 | Posco Holdings | 4.73 Bn | -4.95 Bn | 1.11 Bn | -78.82 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.76 Bn | -1.07 Bn | 579.08 Mn | -503.33 Mn |
| 10 | SunCoke Energy | 874.57 Mn | 831.87 Mn | 100.40 Mn | 446.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -503.33 Mn |
| Mar 31, 2026 | -265.28 Mn |
| Dec 31, 2025 | -951.47 Mn |
| Sep 30, 2025 | -697.53 Mn |
| Jun 30, 2025 | -446.31 Mn |
| Mar 31, 2025 | -207.62 Mn |
| Dec 31, 2024 | -798.77 Mn |
| Sep 30, 2024 | -620.56 Mn |
| Jun 30, 2024 | -82.88 Mn |
| Mar 31, 2024 | -223.01 Mn |
| Dec 31, 2023 | -1.03 Bn |
| Sep 30, 2023 | 59.38 Mn |
| Jun 30, 2023 | 86.09 Mn |
| Mar 31, 2023 | 119.61 Mn |
| Dec 31, 2022 | 31.86 Mn |
| Sep 30, 2022 | 131.48 Mn |
| Jun 30, 2022 | 71.99 Mn |
| Mar 31, 2022 | -27.43 Mn |
| Dec 31, 2021 | 6.43 Mn |
| Sep 30, 2021 | -32,919.31 |