National Steel (SID) Operating Income (2013 - 2026)
National Steel's (SID) quarterly Operating Income came in at $902.7 million in Q1 2026, up 495.93% year-on-year from $151.5 million in Q1 2025, and down 56.72% quarter-over-quarter from $2.1 billion in Q4 2025.
National Steel (SID) Operating Income (2013 - 2026) Analysis & Trends
National Steel has disclosed Operating Income across 14 years of filings, most recently posting $902.7 million for Q1 2026.
- Operating Income for Q1 2026 came in at $902.7 million, up 495.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 132.96% YoY), and the FY2025 annual result was $893.4 million, up 21.59% from the prior year.
- Operating Income came in at $902.7 million for Q1 2026 at National Steel, down from $2.1 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $2.1 billion in Q4 2025 to a low of -$135.9 million in Q2 2024.
- The 5-year median for Operating Income is $367.2 million (2023), against an average of $655.5 million.
- Across the five-year window, Operating Income slumped 568.72% in 2024 and surged 856.24% in 2025, its largest moves.
- National Steel's Operating Income stood at $225.8 million in 2022, then soared by 62.6% to $367.2 million in 2023, then jumped by 425.32% to $1.9 billion in 2024, then advanced by 8.14% to $2.1 billion in 2025, then tumbled by 56.72% to $902.7 million in 2026.
- The last three Operating Income figures came in at $902.7 million (Q1 2026), $2.1 billion (Q4 2025), and $956.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 290.07 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 1.12 Bn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 753.00 Mn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 538.00 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 367.90 Mn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -213.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | -111.93 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | 902.73 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 3.10 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 12.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 902.73 Mn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 956.42 Mn |
| Jun 30, 2025 | 290.17 Mn |
| Mar 31, 2025 | 151.48 Mn |
| Dec 31, 2024 | 1.93 Bn |
| Sep 30, 2024 | -126.47 Mn |
| Jun 30, 2024 | -135.94 Mn |
| Mar 31, 2024 | 768.29 Mn |
| Dec 31, 2023 | 367.18 Mn |
| Sep 30, 2023 | 26.98 Mn |
| Jun 30, 2023 | 80.95 Mn |
| Mar 31, 2023 | 684.68 Mn |
| Dec 31, 2022 | 225.82 Mn |
| Sep 30, 2022 | 310.79 Mn |
| Jun 30, 2022 | 1.97 Bn |
| Mar 31, 2022 | 657.01 Mn |
| Dec 31, 2021 | -404.39 Mn |
| Sep 30, 2021 | 3.63 Bn |
| Mar 31, 2021 | 1.31 Bn |