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
DateValue
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