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National Steel (SID) Financials

National Steel logo
$1.36 +0.08 (+5.86%)
Closing price 05/14/2026 03:59 PM Eastern
Extended Trading
$1.34 -0.01 (-1.11%)
As of 05:21 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for National Steel

Annual Income Statements for National Steel

This table shows National Steel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,672 670 -540 1,308 87 647 2,595 345 -812 -1,326 -1,536
Consolidated Net Income / (Loss)		 364 245 35 1,340 558 826 2,439 410 83 -249 -275
Net Income / (Loss) Continuing Operations		 1,673 644 -571 1,362 -26 647 2,595 229 -960 -1,496 -1,626
Total Pre-Tax Income 		505 720 -443 1,405 -234 1,100 2,595 229 -960 -1,496 -1,626
Total Operating Income		 3,204 1,425 295 1,079 297 754 3,154 879 236 -330 -163
Total Gross Profit		 1,056 1,294 1,544 1,769 2,034 2,106 3,960 2,518 2,465 1,891 2,263
Total Revenue		 5,293 4,845 6,067 5,919 6,454 2,546 8,594 8,440 9,457 7,068 8,234
Operating Revenue		 5,293 4,845 6,067 5,919 6,454 2,546 8,594 8,440 9,457 7,068 8,234
Total Cost of Revenue		 3,519 3,628 4,261 4,151 4,295 689 4,635 5,875 6,899 5,173 5,916
Operating Cost of Revenue		 3,519 3,628 4,261 4,151 4,295 689 4,635 5,875 6,899 5,173 5,916
Total Operating Expenses		 -1,430 -209 1,511 689 1,862 1,103 806 1,687 2,322 2,221 2,481
Selling, General & Admin Expense		 -141 -149 130 127 127 97 - 128 157 138 179
Marketing Expense		 - - - 583 - - 426 487 769 882 919
Other Operating Expenses / (Income)		 -1,289 -60 1,381 -21 1,735 1,006 381 1,072 1,397 1,201 1,383
Total Other Income / (Expense), net		 -661 -705 -738 347 -530 14 -558 -650 -1,197 -1,166 -1,463
Interest Expense		 1,155 909 865 723 625 - - 650 1,197 1,166 1,463
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.55 -23 -32 -33 -113 - - -116 -149 -170 -90
Basic Earnings per Share		 - - - $3.69 $1.30 $2.75 - $0.22 ($0.05) ($0.32) ($0.28)
Weighted Average Basic Shares Outstanding		 -0.27 -0.20 0.00 1.39B 1.39B 1.39B 1.39B 1.33B 1.33B 1.33B 1.33B
Diluted Earnings per Share		 ($0.27) ($0.20) $0.00 $3.69 $1.30 $2.75 - $0.22 ($0.05) ($0.32) ($0.28)
Weighted Average Diluted Shares Outstanding		 - - - 1.39B 1.39B 1.39B 1.39B 1.33B 1.33B 1.33B 1.33B
Weighted Average Basic & Diluted Shares Outstanding		 - - - 1.39B 1.39B 1.39B 1.39B 1.33B 1.33B 1.33B 1.33B

Quarterly Income Statements for National Steel

No quarterly income statements for National Steel are available.

Annual Cash Flow Statements for National Steel

This table details how cash moves in and out of National Steel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -247 -858 -457 -300 -13 1,705 -1,751 1,496 3,114 2,056 1,290
Net Cash From Operating Activities		 1,463 213 262 156 -13 2,104 -474 -2,296 80 705 -372
Net Cash From Continuing Operating Activities		 1,463 213 262 156 -13 2,104 -474 -2,296 80 705 -372
Net Income / (Loss) Continuing Operations		 364 245 35 1,340 558 0.00 0.00 -410 -83 249 275
Consolidated Net Income / (Loss)		 364 245 35 1,340 558 - 0.00 -410 -83 249 275
Amortization Expense		 9.15 263 455 328 -24 -20 -21 -30 -49 -50 -68
Non-Cash Adjustments To Reconcile Net Income		 4,146 200 -394 -1,652 -560 1,243 -1,647 -2,039 582 1,037 -124
Changes in Operating Assets and Liabilities, net		 763 155 194 139 13 882 1,193 182 -370 -531 -455
Net Cash From Investing Activities		 -484 -467 -331 91 0.00 -321 -514 -415 -907 -886 -1,082
Net Cash From Continuing Investing Activities		 -484 -467 -331 91 0.00 -321 -514 -415 -907 -886 -1,082
Purchase of Property, Plant & Equipment		 - - - -339 - -324 -514 -634 -908 -888 -1,084
Other Investing Activities, net		 - 0.00 1.51 0.00 - 2.81 0.00 0.00 1.66 2.01 1.40
Net Cash From Financing Activities		 -926 -253 -311 -839 0.00 228 -764 4,207 3,941 2,237 2,745
Net Cash From Continuing Financing Activities		 257 737 -311 -686 0.00 315 -764 4,207 3,941 2,237 2,745
Repayment of Debt		 - - -479 -1,294 - 315 -2,796 465 718 651 714
Repurchase of Preferred Equity		 - - - - 0.00 0.00 -272 -78 0.00 -54 0.00
Issuance of Debt		 1,719 966 168 552 - - 2,304 3,819 3,223 1,641 2,031

Quarterly Cash Flow Statements for National Steel

No quarterly cash flow statements for National Steel are available.

Annual Balance Sheets for National Steel

This table presents National Steel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 13,572 13,650 12,197 12,657 12,129 14,239 16,147 18,864 16,802 18,363
Total Current Assets		 3,825 3,263 2,865 3,166 4,502 6,300 5,821 6,869 6,461 5,538
Cash & Equivalents		 1,497 1,030 579 271 1,915 2,986 2,269 3,307 3,769 2,633
Accounts Receivable		 614 663 536 829 552 466 612 674 469 438
Inventories, net		 1,219 1,348 1,299 1,314 927 1,963 2,136 1,970 1,688 2,288
Current Deferred & Refundable Income Taxes		 - - - - - 297 353 359 221 251
Plant, Property, & Equipment, net		 6,512 5,814 4,642 4,902 3,796 3,862 4,989 5,756 4,920 10,477
Plant, Property & Equipment, gross		 6,111 5,424 4,642 4,902 3,796 - - - - 10,477
Total Noncurrent Assets		 14,415 4,963 4,680 4,565 3,627 4,077 5,338 6,239 5,421 15,430
Long-Term Investments		 1,638 1,661 1,684 892 712 - - - - 122
Intangible Assets		 2,231 2,196 1,869 1,799 1,409 - - - - 2,010
Noncurrent Deferred & Refundable Income Taxes		 22 19 23 1,143 746 1,083 1,213 1,560 1,641 2,023
Other Noncurrent Operating Assets		 10,524 1,087 1,104 731 761 901 1,096 1,386 1,131 11,276
Total Liabilities & Shareholders' Equity		 13,572 14,040 12,188 12,657 12,129 14,239 16,147 18,864 16,802 18,363
Total Liabilities		 11,302 11,220 9,665 9,806 9,963 10,046 12,020 14,807 12,666 13,048
Total Current Liabilities		 1,697 3,190 2,920 2,867 2,835 4,402 4,252 5,156 4,062 4,732
Short-Term Debt		 651 1,971 1,457 1,275 794 984 983 1,569 1,427 1,904
Accounts Payable		 896 1,063 1,335 1,375 1,392 2,537 2,683 2,863 1,807 2,527
Dividends Payable		 - - - 3.30 182 216 116 17 10 65
Other Taxes Payable		 149 156 129 - - - 80 97 91 235
Total Noncurrent Liabilities		 9,606 8,030 6,744 6,939 7,128 5,644 7,768 9,651 10,241 8,317
Long-Term Debt		 8,706 6,939 5,972 5,683 5,996 4,847 6,758 7,676 7,777 7,759
Asset Retirement Reserve & Litigation Obligation		 107 174 121 - - - - - - 217
Noncurrent Deferred & Payable Income Tax Liabilities		 322 354 155 147 119 90 41 63 88 108
Noncurrent Employee Benefit Liabilities		 221 274 233 227 146 105 105 106 76 73
Other Noncurrent Operating Liabilities		 250 288 263 882 867 602 864 1,806 663 160
Total Equity & Noncontrolling Interests		 2,670 2,820 2,523 2,827 2,166 4,193 4,127 4,057 2,500 5,408
Total Preferred & Common Equity		 2,304 2,440 2,186 2,532 1,909 3,644 3,687 3,607 1,984 4,886
Total Common Equity		 2,304 2,440 2,186 2,532 1,909 3,644 3,687 3,607 1,984 2,351
Common Stock		 1,396 1,371 1,170 1,130 1,163 1,837 1,937 2,110 1,656 1,870
Accumulated Other Comprehensive Income / (Loss)		 909 1,141 275 291 -382 -9.08 43 238 -295 143
Other Equity Adjustments		 73 - 756 77 96 200 225 246 520 2,873
Noncontrolling Interest		 366 381 338 295 258 549 440 450 515 522

Quarterly Balance Sheets for National Steel

No quarterly balance sheets for National Steel are available.

Annual Metrics And Ratios for National Steel

This table displays calculated financial ratios and metrics derived from National Steel's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 1,326,093,947.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,326,093,947.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -1.16
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -8.47% 25.23% -2.43% 9.04% -60.55% 237.57% -1.79% 12.05% -25.26% 16.50%
EBITDA Growth		 0.00% -52.07% -54.04% 172.78% -87.24% 168.75% 250.98% -67.02% -77.99% -303.10% 39.12%
EBIT Growth		 0.00% -59.34% -77.22% 450.70% -83.63% 154.12% 244.41% -66.14% -73.10% -239.53% 50.49%
NOPAT Growth		 0.00% 155.03% -83.80% 399.13% -79.84% 223.29% 369.91% -72.14% -81.17% -239.53% 50.49%
Net Income Growth		 0.00% -32.82% -85.76% 3,744.90% -58.33% 47.98% 195.10% -83.18% -79.76% -399.73% -10.60%
EPS Growth		 0.00% 26.29% 101.21% 153,857.50% -64.92% 112.08% 0.00% 0.00% -120.49% -538.59% 12.78%
Operating Cash Flow Growth		 0.00% -85.43% 22.79% -40.57% -108.07% 16,862.25% -122.52% -254.63% 77.85% 782.70% -152.71%
Free Cash Flow Firm Growth		 0.00% 0.00% 159.01% -79.57% -103.46% 4,594.01% -50.11% -206.30% 96.51% 2,726.31% -250,124.37%
Invested Capital Growth		 0.00% 0.00% -54.02% -12.80% 3.67% -33.68% 27.98% 39.30% 2.41% -19.28% 169.89%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.94% 26.72% 25.46% 29.88% 31.51% 82.72% 46.07% 29.83% 26.07% 26.76% 27.48%
EBITDA Margin		 67.27% 35.23% 12.93% 36.15% 24.62% 28.82% 29.96% 10.06% 1.98% -5.37% -2.81%
Operating Margin		 60.53% 29.42% 4.86% 18.24% 4.59% 29.60% 36.69% 10.41% 2.50% -4.67% -1.98%
EBIT Margin		 67.10% 29.81% 5.42% 30.61% 4.59% 29.60% 30.20% 10.41% 2.50% -4.67% -1.98%
Profit (Net Income) Margin		 6.89% 5.05% 0.57% 22.64% 8.65% 32.46% 28.38% 4.86% 0.88% -3.52% -3.34%
Tax Burden Percent		 72.15% 34.01% -7.87% 95.41% -238.94% 75.12% 93.96% 179.45% -8.64% 16.63% 16.92%
Interest Burden Percent		 14.22% 49.86% -134.69% 77.54% -78.82% 145.99% 100.00% 26.01% -406.38% 453.63% 996.12%
Effective Tax Rate		 172.26% 10.63% 0.00% 4.59% 0.00% 10.95% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 13.29% 1.47% 12.48% 2.65% 10.12% 52.33% 10.86% 1.73% -2.65% -0.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.82% -0.05% 18.04% 9.46% 13.88% 27.22% -1.05% 0.22% -2.98% -1.85%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 5.05% -0.20% 37.68% 55.37% 22.98% 24.37% -1.00% 0.29% -4.94% -6.30%
Return on Equity (ROE)		 0.00% 18.34% 1.27% 50.16% 20.88% 33.10% 76.70% 9.86% 2.03% -7.59% -6.96%
Cash Return on Invested Capital (CROIC)		 0.00% -186.71% 75.48% 26.15% -0.95% 50.63% 27.79% -21.99% -0.65% 18.69% -92.51%
Operating Return on Assets (OROA)		 0.00% 10.64% 2.42% 14.02% 2.39% 6.08% 19.69% 5.78% 1.35% -1.85% -0.93%
Return on Assets (ROA)		 0.00% 1.80% 0.26% 10.37% 4.49% 6.67% 18.50% 2.70% 0.47% -1.39% -1.56%
Return on Common Equity (ROCE)		 0.00% 15.83% 1.10% 43.42% 18.41% 29.44% 66.98% 8.69% 1.81% -6.47% -3.81%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.63% 1.43% 61.32% 22.06% 43.30% 66.92% 11.12% 2.30% -12.53% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2,315 1,274 206 1,030 208 671 3,154 879 165 -231 -114
NOPAT Margin		 -43.74% 26.30% 3.40% 17.40% 3.22% 26.36% 36.69% 10.41% 1.75% -3.27% -1.39%
Net Nonoperating Expense Percent (NNEP)		 0.00% 12.47% 1.52% -5.56% -6.81% -3.76% 25.11% 11.91% 1.51% 0.33% 1.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -1.97% -0.76%
Cost of Revenue to Revenue		 66.49% 74.89% 70.23% 70.12% 137.08% 27.08% 53.93% 69.60% 72.95% 73.19% 71.85%
SG&A Expenses to Revenue		 -2.66% -3.07% 2.15% 2.15% 1.97% 3.81% 0.00% 1.51% 1.66% 1.96% 2.17%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 -27.02% -4.32% 24.91% 11.64% 67.74% 43.32% 9.38% 19.99% 24.55% 31.43% 30.13%
Earnings before Interest and Taxes (EBIT)		 3,552 1,444 329 1,812 297 754 2,595 879 236 -330 -163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,561 1,707 784 2,140 273 734 2,575 849 187 -380 -231
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.28 0.91 0.91 1.32 3.02 1.23 0.87 1.44 0.96 0.90
Price to Tangible Book Value (P/TBV)		 0.00 40.18 9.14 6.27 4.56 11.53 1.97 1.96 3.63 6.44 6.21
Price to Revenue (P/Rev)		 0.17 0.61 0.37 0.33 0.52 2.26 0.52 0.38 0.55 0.27 0.26
Price to Earnings (P/E)		 0.53 4.39 0.00 1.52 38.34 8.91 1.73 9.34 0.00 0.00 0.00
Dividend Yield		 23.73% 0.00% 0.00% 11.39% 9.74% 1.77% 11.35% 14.43% 15.57% 15.93% 0.00%
Earnings Yield		 188.16% 22.78% 0.00% 65.97% 2.61% 11.23% 57.91% 10.71% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.50 0.98 0.97 1.10 1.78 1.09 0.94 1.16 0.99 0.38
Enterprise Value to Revenue (EV/Rev)		 0.00 1.97 1.42 1.26 1.36 3.71 0.86 1.05 1.19 1.09 1.16
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 5.58 10.97 3.50 32.05 12.86 2.86 10.39 60.10 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 6.60 26.17 4.13 29.51 12.52 2.84 10.04 47.52 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 7.48 41.72 7.27 42.15 14.06 2.34 10.04 67.89 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 44.71 32.90 48.14 0.00 4.48 0.00 0.00 0.00 10.89 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.81 3.47 0.00 2.81 4.40 0.00 0.00 4.71 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 3.50 3.16 2.94 2.46 3.13 1.39 1.88 2.28 3.68 1.79
Long-Term Debt to Equity		 0.00 3.26 2.46 2.37 2.01 2.77 1.16 1.64 1.89 3.11 1.43
Financial Leverage		 0.00 6.18 4.10 2.09 1.93 1.66 0.90 0.95 1.33 1.66 3.41
Leverage Ratio		 0.00 5.08 4.96 4.84 9.36 4.96 4.15 3.65 4.28 5.44 4.45
Compound Leverage Factor		 0.00 2.53 -6.68 3.75 -3.66 7.25 4.15 0.95 -17.38 24.68 44.30
Debt to Total Capital		 0.00% 77.80% 75.96% 74.65% 171.11% 75.81% 58.17% 65.23% 69.50% 78.64% 64.12%
Short-Term Debt to Total Capital		 0.00% 5.41% 16.80% 14.64% 13.03% 8.87% 9.82% 8.28% 11.80% 12.19% 12.63%
Long-Term Debt to Total Capital		 0.00% 144.78% 59.16% 60.01% 58.08% 66.94% 48.35% 56.95% 57.71% 66.45% 51.48%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 3.04% 3.25% 3.39% 7.26% 2.88% 5.47% 3.71% 3.38% 4.40% 3.47%
Common Equity to Total Capital		 0.00% 19.16% 20.80% 21.96% 25.87% 21.31% 36.35% 31.07% 27.11% 16.96% 15.60%
Debt to EBITDA		 0.00 5.48 11.36 3.47 25.49 9.26 2.26 9.12 49.47 -24.25 -41.82
Net Debt to EBITDA		 0.00 3.65 7.65 2.41 18.75 4.65 0.91 6.09 29.80 -13.85 -29.89
Long-Term Debt to EBITDA		 0.00 10.20 8.85 2.79 20.82 8.17 1.88 7.96 41.07 -20.49 -33.58
Debt to NOPAT		 0.00 7.34 43.18 7.21 33.52 10.12 1.85 8.81 55.88 -39.87 -84.55
Net Debt to NOPAT		 0.00 4.88 29.06 5.02 49.30 5.08 0.74 5.88 33.67 -22.78 -60.45
Long-Term Debt to NOPAT		 0.00 13.67 33.63 5.80 27.38 8.93 1.54 7.69 46.40 -33.69 -67.89
Altman Z-Score		 0.00 1.05 0.65 1.09 0.94 1.05 1.81 1.11 0.94 0.62 0.57
Noncontrolling Interest Sharing Ratio		 0.00% 27.40% 13.60% 13.45% 0.00% 11.08% 12.68% 11.89% 10.88% 14.73% 45.18%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 2.25 1.02 0.98 1.10 1.59 1.43 1.37 1.33 1.59 1.17
Quick Ratio		 0.00 1.24 0.60 0.38 0.62 1.14 0.90 0.75 0.84 1.09 0.65
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -17,902 10,564 2,158 -75 3,356 1,674 -1,780 -62 1,630 -16,130
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 45.81% 0.00% 649.16% -92.22% -264.99% -40.97% 79.39% -34.31%
Free Cash Flow to Firm to Interest Expense		 0.00 -19.70 12.22 2.98 -0.12 0.00 0.00 -2.74 -0.05 1.40 -11.02
Operating Cash Flow to Interest Expense		 1.27 0.23 0.30 0.22 -0.02 0.00 0.00 -2.58 -0.31 0.60 -0.25
Operating Cash Flow Less CapEx to Interest Expense		 1.69 1.50 0.69 -0.25 -0.02 0.00 0.00 -3.56 -1.07 -0.16 -0.99
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.36 0.45 0.46 0.52 0.21 0.65 0.56 0.54 0.40 0.47
Accounts Receivable Turnover		 0.00 15.91 9.50 9.87 9.46 3.69 16.88 15.66 14.71 12.37 18.16
Inventory Turnover		 0.00 2.98 3.32 3.14 3.29 0.62 3.21 2.87 3.36 2.83 2.98
Fixed Asset Turnover		 0.00 0.74 0.98 1.13 1.35 0.59 2.24 1.91 1.76 1.32 1.07
Accounts Payable Turnover		 0.00 8.10 4.35 3.46 3.17 0.50 2.36 2.25 2.49 2.22 2.73
Days Sales Outstanding (DSO)		 0.00 46.25 38.42 36.96 38.57 98.97 21.62 23.30 24.81 29.51 20.10
Days Inventory Outstanding (DIO)		 0.00 245.17 109.93 116.37 111.03 593.49 113.82 127.33 108.60 129.05 122.64
Days Payable Outstanding (DPO)		 0.00 90.18 83.92 105.42 115.12 732.51 154.73 162.18 146.71 164.72 133.69
Cash Conversion Cycle (CCC)		 0.00 157.33 64.43 47.92 34.48 -40.04 -19.29 -11.55 -13.30 -6.16 9.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 19,176 8,818 7,689 7,971 5,286 6,765 9,424 9,651 7,790 25,442
Invested Capital Turnover		 0.00 0.51 0.43 0.72 0.82 0.38 1.43 1.04 0.99 0.81 0.47
Increase / (Decrease) in Invested Capital		 0.00 19,176 -10,358 -1,128 282 -2,685 1,479 2,659 228 -1,861 16,015
Enterprise Value (EV)		 0.00 9,528 8,608 7,486 8,750 9,433 7,374 8,826 11,232 7,684 9,552
Market Capitalization		 888 2,940 2,230 1,982 3,338 5,763 4,482 3,218 5,212 1,910 2,122
Book Value per Share		 $0.00 $1.53 $1.62 $1.58 $1.82 $1.38 $2.63 $2.66 $2.72 $1.50 $1.77
Tangible Book Value per Share		 $0.00 $0.05 $0.16 $0.23 $0.53 $0.36 $1.64 $1.19 $1.08 $0.22 $0.26
Total Capital		 0.00 12,027 11,730 9,952 9,786 8,956 10,024 11,868 13,302 11,703 15,071
Total Debt		 0.00 9,357 8,910 7,429 6,959 6,790 5,831 7,741 9,245 9,204 9,663
Total Long-Term Debt		 0.00 8,706 6,939 5,972 5,683 5,996 4,847 6,758 7,676 7,777 7,759
Net Debt		 0.00 6,222 5,997 5,166 5,117 3,412 2,344 5,167 5,570 5,259 6,908
Capital Expenditures (CapEx)		 -484 -467 -332 339 0.00 324 514 634 908 888 1,084
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 1,282 792 823 625 -205 -605 -22 -393 -118 77
Debt-free Net Working Capital (DFNWC)		 0.00 2,780 2,045 1,402 1,575 2,462 2,882 2,551 3,282 3,826 2,710
Net Working Capital (NWC)		 0.00 2,129 74 -55 299 1,667 1,898 1,569 1,713 2,400 806
Net Nonoperating Expense (NNE)		 -2,680 1,029 171 -310 -351 -155 715 469 82 18 161
Net Nonoperating Obligations (NNO)		 0.00 16,505 5,997 5,166 5,144 3,120 2,573 5,297 5,595 5,291 20,035
Total Depreciation and Amortization (D&A)		 9.15 263 455 328 -24 -20 -21 -30 -49 -50 -68
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 26.47% 13.06% 13.90% 9.68% -8.05% -7.04% -0.26% -4.15% -1.67% 0.94%
Debt-free Net Working Capital to Revenue		 0.00% 57.38% 33.70% 23.68% 49.27% 96.69% 33.53% 30.23% 34.70% 54.13% 32.92%
Net Working Capital to Revenue		 0.00% 87.89% 1.22% -0.93% 4.64% 65.49% 22.08% 18.59% 18.11% 33.95% 9.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.91 $0.00 ($0.24) ($0.32) ($0.28)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 1.00 0.00 3.00 1.39B 1.33B 1.33B 1.33B 1.33B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.01 $0.33 $2.75 $8.91 $0.00 ($0.24) ($0.32) ($0.28)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 1.39B 1.39B 1.39B 1.39B 1.33B 1.33B 1.33B 1.33B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 1.39B 1.39B 1.39B 1.39B 1.33B 1.33B 1.33B 1.33B
Normalized Net Operating Profit after Tax (NOPAT)		 2,243 1,274 206 1,030 208 671 2,207 615 165 -231 -114
Normalized NOPAT Margin		 42.37% 26.30% 3.40% 17.40% 3.22% 26.36% 25.69% 7.29% 1.75% -3.27% -1.39%
Pre Tax Income Margin		 9.54% 14.86% -7.30% 23.73% -3.62% 43.21% 30.20% 2.71% -10.16% -21.16% -19.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.08 1.59 0.38 2.51 0.47 0.00 0.00 1.35 0.20 -0.28 -0.11
NOPAT to Interest Expense		 -2.00 2.80 0.24 1.42 0.33 0.00 0.00 1.35 0.14 -0.20 -0.08
EBIT Less CapEx to Interest Expense		 3.49 2.10 0.76 2.04 0.47 0.00 0.00 0.38 -0.56 -1.04 -0.85
NOPAT Less CapEx to Interest Expense		 -1.59 3.83 0.62 0.95 0.33 0.00 0.00 0.38 -0.62 -0.96 -0.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.77% 0.00% 0.00% -4.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for National Steel

No quarterly metrics and ratios for National Steel are available.


Financials Breakdown Chart

National Steel Financials - Frequently Asked Questions

According to the most recent income statement we have on file, National Steel's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

National Steel's net income appears to be on a downward trend, with a most recent value of -$275.10 million in 2025, falling from $364.49 million in 2015. The previous period was -$248.73 million in 2024. View National Steel's forecast to see where analysts expect National Steel to go next.

National Steel's total operating income in 2025 was -$163.26 million, based on the following breakdown:
  • Total Gross Profit: $2.26 billion
  • Total Operating Expenses: $2.48 billion

Over the last 10 years, National Steel's total revenue changed from $5.29 billion in 2015 to $8.23 billion in 2025, a change of 55.6%.

National Steel's total liabilities were at $13.05 billion at the end of 2025, a 3.0% increase from 2024, and a 15.4% increase since 2016.

In the past 9 years, National Steel's cash and equivalents has ranged from $270.95 million in 2019 to $3.77 billion in 2024, and is currently $2.63 billion as of their latest financial filing in 2025.

Over the last 10 years, National Steel's book value per share changed from 0.00 in 2015 to 1.77 in 2025, a change of 177.3%.


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Financial statements for NYSE:SID last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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