National Steel (SID) Operating Margin (2009 - 2026)
National Steel's (SID) quarterly Operating Margin came in at 3.07% in Q2 2026, down 716.0% year-over-year from 0.5% in Q2 2025, and up 10.61% quarter-over-quarter from 2.77% in Q1 2026.
Analysis
National Steel (SID) Operating Margin (2009 - 2026) Analysis & Trends
National Steel has disclosed Operating Margin across 18 years of filings, most recently posting 3.07% for Q2 2026.
- In Q2 2026, Operating Margin fell 716.0% year-over-year to 3.07%; the TTM figure through Jun 2026 stood at 7.83% (down 149.0% YoY), while the FY2025 annual figure was 10.76%, up 99.0% from the prior year.
- Operating Margin came in at 3.07% for Q2 2026 at National Steel, up from 2.77% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 50.41% in Q2 2022 to a low of 22.29% in Q3 2022.
- Average Operating Margin over 5 years is 8.68%, with a median of 8.14% recorded in 2025.
- Year-over-year, Operating Margin soared 19298 bps in 2022 and slumped 4270 bps in 2023.
- Over 5 years, Operating Margin stood at 10.68% in 2022, then soared by 42 bps to 15.14% in 2023, then tumbled by 45 bps to 8.25% in 2024, then jumped by 35 bps to 11.17% in 2025, then plunged by 73 bps to 3.07% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 3.07% in Q2 2026, 2.77% in Q1 2026, and 11.17% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 112.84 Bn | 102.94 Bn | 941.02 Mn | 12.17% |
| 2 | Nucor | 58.24 Bn | 55.55 Bn | 2.03 Bn | 15.67% |
| 3 | Steel Dynamics | 34.14 Bn | 33.55 Bn | 958.97 Mn | 11.50% |
| 4 | Gerdau | 10.23 Bn | 9.16 Bn | 558.98 Mn | 17.67% |
| 5 | Commercial Metals | 7.39 Bn | 6.83 Bn | 455.14 Mn | -74.07% |
| 6 | Cleveland-Cliffs | 6.75 Bn | 6.68 Bn | 132.00 Mn | -0.94% |
| 7 | Posco Holdings | 4.67 Bn | -5.01 Bn | 1.11 Bn | 4.25% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.82 Bn | -1.00 Bn | 579.08 Mn | 3.07% |
| 10 | SunCoke Energy | 866.00 Mn | 823.30 Mn | 100.40 Mn | 6.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.07% |
| Mar 31, 2026 | 2.77% |
| Sep 30, 2025 | 11.17% |
| Jun 30, 2025 | 10.22% |
| Mar 31, 2025 | 8.14% |
| Sep 30, 2024 | 8.25% |
| Jun 30, 2024 | 10.67% |
| Mar 31, 2024 | 6.00% |
| Dec 31, 2023 | 15.14% |
| Sep 30, 2023 | 3.19% |
| Jun 30, 2023 | 7.72% |
| Mar 31, 2023 | 5.13% |
| Dec 31, 2022 | 10.68% |
| Sep 30, 2022 | -22.29% |
| Jun 30, 2022 | 50.41% |
| Dec 31, 2021 | -182.30% |
| Mar 31, 2021 | 60.24% |
| Dec 31, 2020 | 29.67% |
| Mar 31, 2020 | 1.79% |
| Dec 31, 2019 | 14.68% |