National Steel (SID) Operating Expenses (2009 - 2026)
National Steel (SID) posted Operating Expenses of $2.3 billion for Q1 2026, down 75.7% sequentially from $9.4 billion in Q4 2025, and up 7.57% YoY from $2.1 billion in Q1 2025.
National Steel (SID) Operating Expenses (2009 - 2026) Analysis & Trends
National Steel has reported Operating Expenses for 18 years, with the latest figure at $2.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 7.57% year-over-year to $2.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $18.6 billion (up 8.24% YoY) and the FY2025 annual result came in at $9.4 billion, up 1383.59% from the prior year.
- Operating Expenses fell to $2.3 billion in Q1 2026 per SID's latest filing, from $9.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $10.4 billion in Q4 2023 and troughed at -$84.9 million in Q2 2025.
- A 5-year average of $2.9 billion and a median of $1.2 billion in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 4981.22% in 2024, down 163.01% in 2024.
- Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then soared by 756.88% to $10.4 billion in 2023, then fell by 16.62% to $8.6 billion in 2024, then climbed by 8.98% to $9.4 billion in 2025, then plunged by 75.7% to $2.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.3 billion, $9.4 billion, and $7.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -427.76 Mn |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 405.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | -780.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 193.45 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 4.19 Bn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 5.28 Bn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -64.82 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | -65.40 Mn |
| 10 | National Steel | 47.57 Mn | -2.81 Bn | 479.33 Mn | -423.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.29 Bn |
| Dec 31, 2025 | 9.42 Bn |
| Sep 30, 2025 | 6.99 Bn |
| Jun 30, 2025 | -84.95 Mn |
| Mar 31, 2025 | 2.13 Bn |
| Dec 31, 2024 | 8.65 Bn |
| Sep 30, 2024 | 6.51 Bn |
| Jun 30, 2024 | -82.88 Mn |
| Mar 31, 2024 | 2.24 Bn |
| Dec 31, 2023 | 10.37 Bn |
| Sep 30, 2023 | 128.05 Mn |
| Jun 30, 2023 | 131.53 Mn |
| Mar 31, 2023 | 128.09 Mn |
| Dec 31, 2022 | 1.21 Bn |
| Sep 30, 2022 | 47.39 Mn |
| Jun 30, 2022 | 71.99 Mn |
| Mar 31, 2022 | -27.43 Mn |
| Dec 31, 2021 | 939.05 Mn |
| Sep 30, 2021 | -84.11 Mn |
| Mar 31, 2021 | 264.26 Mn |