National Steel (SID) Operating Margin (2009 - 2026)
National Steel (SID) posted Operating Margin of 89.86% for Q1 2026, down 4.82% sequentially from 85.72% in Q4 2025, and up 127.0% YoY from 39.58% in Q1 2025.
National Steel (SID) Operating Margin (2009 - 2026) Analysis & Trends
National Steel has reported Operating Margin for 18 years, with the latest figure at 89.86% in Q1 2026.
- Quarterly Operating Margin rose 127.0% year-over-year to 89.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 65.64% (down 3751.0% YoY) and the FY2025 annual result came in at 10.75%, up 98.0% from the prior year.
- Operating Margin fell to 89.86% in Q1 2026 per SID's latest filing, from 85.72% in the prior quarter.
- Over five years, Operating Margin peaked at 503.02% in Q1 2022 and troughed at 91.26% in Q1 2024.
- A 5-year average of 11.04% and a median of 0.64% in 2023 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 46699 bps in 2022, down 115038 bps in 2022.
- Over 5 years, Operating Margin stood at 69.13% in 2022, then surged by 192 bps to 63.65% in 2023, then sank by 103 bps to 2.21% in 2024, then tumbled by 3770 bps to 85.72% in 2025, then retreated by 5 bps to 89.86% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 89.86%, 85.72%, and 87.87% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 109.02 Bn | 99.13 Bn | 941.02 Mn | 31.54% |
| 2 | Nucor | 55.44 Bn | 52.75 Bn | 2.03 Bn | 15.67% |
| 3 | ArcelorMittal | 55.01 Bn | 50.16 Bn | - | - |
| 4 | Steel Dynamics | 32.68 Bn | 32.10 Bn | 958.97 Mn | 11.50% |
| 5 | Reliance | 19.70 Bn | 19.46 Bn | 1.30 Bn | 9.54% |
| 6 | Cleveland-Cliffs | 6.45 Bn | 6.38 Bn | 132.00 Mn | -0.94% |
| 7 | Gerdau | 5.44 Bn | 4.30 Bn | 558.98 Mn | 17.67% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.57 Bn | 3.01 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 2.35% |
| 10 | National Steel | 50.63 Mn | -2.81 Bn | 479.33 Mn | 2.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -89.86% |
| Dec 31, 2025 | -85.72% |
| Sep 30, 2025 | -87.87% |
| Jun 30, 2025 | 26.57% |
| Mar 31, 2025 | -91.13% |
| Sep 30, 2024 | -2.21% |
| Jun 30, 2024 | -3.43% |
| Mar 31, 2024 | -91.26% |
| Dec 31, 2023 | 63.65% |
| Sep 30, 2023 | 0.94% |
| Jun 30, 2023 | 4.29% |
| Mar 31, 2023 | 4.93% |
| Dec 31, 2022 | -69.13% |
| Sep 30, 2022 | 59.22% |
| Jun 30, 2022 | 34.61% |
| Mar 31, 2022 | 503.02% |
| Dec 31, 2021 | -111.21% |
| Sep 30, 2021 | 1,209.60% |
| Mar 31, 2021 | 36.03% |
| Dec 31, 2020 | -21.65% |