National Steel (SID) Operating Margin (2013 - 2026)
National Steel's (SID) quarterly Operating Margin came in at 44.81% in Q1 2026, up 3667.0% year-on-year from 1.19% in Q1 2025, and down 54.57% quarter-over-quarter from 98.61% in Q4 2025.
National Steel (SID) Operating Margin (2013 - 2026) Analysis & Trends
National Steel has disclosed Operating Margin across 14 years of filings, most recently posting 44.81% for Q1 2026.
- Operating Margin for Q1 2026 came in at 44.81%, up 3667.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 51.75% (up 2908.0% YoY), and the FY2025 annual result was 10.75%, up 98.0% from the prior year.
- Operating Margin came in at 44.81% for Q1 2026 at National Steel, down from 98.61% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 98.61% in Q4 2025 to a low of 6.5% in Q2 2024.
- The 5-year median for Operating Margin is 15.25% (2023), against an average of 29.34%.
- Across the five-year window, Operating Margin sank 5840 bps in 2023 and soared 7807 bps in 2024, its largest moves.
- National Steel's Operating Margin stood at 10.67% in 2022, then soared by 42 bps to 15.14% in 2023, then soared by 516 bps to 93.21% in 2024, then advanced by 6 bps to 98.61% in 2025, then plunged by 55 bps to 44.81% in 2026.
- The last three Operating Margin figures came in at 44.81% (Q1 2026), 98.61% (Q4 2025), and 44.18% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 7.37% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 11.83% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 4.87% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 10.34% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 9.14% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -4.33% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | -51.70% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | 44.81% |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 0.40% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 9.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.81% |
| Dec 31, 2025 | 98.61% |
| Sep 30, 2025 | 44.18% |
| Jun 30, 2025 | 15.36% |
| Mar 31, 2025 | 8.14% |
| Dec 31, 2024 | 93.21% |
| Sep 30, 2024 | -6.34% |
| Jun 30, 2024 | -6.50% |
| Mar 31, 2024 | 39.11% |
| Dec 31, 2023 | 15.14% |
| Sep 30, 2023 | 0.94% |
| Jun 30, 2023 | 4.29% |
| Mar 31, 2023 | 30.21% |
| Dec 31, 2022 | 10.67% |
| Sep 30, 2022 | 14.94% |
| Jun 30, 2022 | 62.69% |
| Dec 31, 2021 | -21.77% |
| Mar 31, 2020 | 0.80% |
| Dec 31, 2019 | 28.07% |
| Mar 31, 2019 | 19.66% |