National Steel Co
SID NYSE· Steel Works, Blast Furnaces & Rolling & Finishing Mills
Last close · Oct 26, 2026
$0.91
KIRA · Stoqly’s AI analyst, in plain words
- National Steel Co had $8.0B of revenue in fiscal 2025, down 1.2% on the year before. Over five years, revenue changed +6.6% a year on average.
- Its operating margin was 10.8%, up 1.0 pts: of every 100 in sales, about 11 is left after running the business.
- National Steel Co lost $358M in fiscal 2025.
- Free cash flow was −$1.2B in fiscal 2025, −15.4% of revenue.
- National Steel Co returned $124M to shareholders in fiscal 2025. The diluted share count rose 0.0%.
- National Steel Co owes $7.2B more than it holds in cash, about 4.5 years of operating profit.
Market cap
$48.6M
P/E
—
Revenue
$8.0B
Net income
−$358M
Free cash flow
−$1.2B
Operating margin
10.8%
National Steel Co in 30 seconds · fiscal 2025
Are sales growing?
−1.2%
No. Sales fell 1.2% last year.
Does it make a profit?
−4.5%
No. It lost money last year.
Does profit turn into cash?
−15.4%
No. It spent more cash than it brought in.
Is debt under control?
4.5x
Heavy. Repaying its debt would take 4.5 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What National Steel Co does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 30, 2026
- Legal name
- NATIONAL STEEL CO
- CIK
- 0001049659
National Steel Co · SID
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.9B | $8.6B | $9.1B | $8.1B | $8.0B |
| Revenue growth | 52.4% | −3.3% | 6.0% | −10.9% | −1.2% |
| Gross margin | 46.1% | 30.0% | 26.3% | 26.8% | 27.7% |
| Operating margin | 42.9% | 17.2% | 11.4% | 9.8% | 10.8% |
| Net income | $2.3B | $301M | −$63.7M | −$481M | −$358M |
| Net margin | 25.6% | 3.5% | −0.7% | −5.9% | −4.5% |
| Diluted EPS | $1.65 | $0.23 | −$0.05 | −$0.36 | −$0.27 |
| Cash | |||||
| Cash from operations | $2.7B | $395M | $1.5B | $1.6B | −$174M |
| Capital expenditure | $531M | $649M | $883M | $1.0B | $1.1B |
| Free cash flow | $2.2B | −$253M | $578M | $586M | −$1.2B |
| FCF margin | 24.9% | −3.0% | 6.3% | 7.2% | −15.4% |
| Dividends paid | $610M | $727M | $797M | $470M | $124M |
| Share count change | −0.3% | −100.0% | 0.0% | −49.4% | 0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $3.0B | $2.3B | $3.3B | $3.8B | $2.6B |
| Debt incl. finance leases | $5.9B | $7.8B | $9.4B | $9.3B | $9.8B |
| Shareholders' equity | $3.6B | $3.7B | $3.6B | $2.0B | $2.4B |
| Net debt / EBITDA | 0.7x | 2.7x | 3.5x | 3.7x | 4.5x |
| Current ratio | 1.4x | — | — | — | — |
| Interest coverage | 6.6x | 2.2x | 0.9x | 0.6x | 0.6x |
| Returns and quality | |||||
| Return on capital | 42.6% | 10.4% | 8.5% | 8.3% | 7.2% |
| Return on equity | 81.8% | 8.2% | −1.7% | −17.2% | −16.5% |
| Return on tangible equity | 62.3% | 8.2% | −1.8% | −24.2% | −15.2% |
| Piotroski F-score | 8 | 4 | 3 | 5 | 5 |
| Altman Z'' | 3.4 | — | — | — | — |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
National Steel Co · SID
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.91 a share, the company is worth $48.6M.
Source: SEC EDGAR XBRL filings (CIK 0001049659). Data updated October 24, 2026. Filed in BRL under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.