NYSE : SID
Companhia Siderúrgica Nacional — Financial statements
Materials · Steel · Brazil
Last price 0.7152 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 947.52M
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Financial statements
Companhia Siderúrgica Nacional (SID) reported revenue of 45.11B BRL (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 45.11B | 44.80B | 43.69B | 45.44B | 44.36B | 47.91B |
| Cost of Revenue | 33.48B | 33.09B | 32.28B | 34.14B | 31.29B | 25.98B |
| Gross Profit | 11.63B | 11.71B | 11.41B | 11.30B | 13.07B | 21.93B |
| Selling, General & Admin | 6.22B | 6.01B | 6.31B | 4.49B | 3.25B | 2.96B |
| Other Operating Expenses | 1.91B | 1.51B | 957.50M | 1.94B | 2.53B | 1.08B |
| Operating Expenses | 8.13B | 7.53B | 7.27B | 6.43B | 5.78B | 4.04B |
| Operating Income | 3.50B | 4.18B | 4.15B | 4.87B | 7.30B | 17.89B |
| Interest Expense | -4.21B | -4.39B | -4.61B | -4.18B | -3.08B | -2.06B |
| Interest & Investment Income | 1.24B | 1.42B | 1.28B | 1.19B | 1.08B | 306.07M |
| Earnings From Equity Investments | 435.29M | 518.74M | 448.05M | 351.13M | 237.92M | 182.50M |
| Currency Exchange Gain (Loss) | -1.36B | -1.34B | 483.49M | 69.25M | -48.56M | -439.00K |
| Other Non Operating Income (Expenses) | -1.83B | -2.13B | -2.33B | -1.54B | -266.10M | -551.15M |
| EBT Excluding Unusual Items | -2.22B | -1.73B | -585.87M | 763.59M | 5.22B | 15.77B |
| Gain (Loss) on Sale of Investments | 261.89M | -57.56M | -624.16M | 407.11M | -905.79M | 2.97B |
| Asset Writedown | -162.89M | -102.48M | -63.00M | -122.89M | 24.13M | -112.89M |
| Legal Settlements | -430.00M | 214.96M | -270.33M | -12.44M | -209.40M | -25.06M |
| Pretax Income | -2.55B | -1.68B | -1.54B | 1.04B | 4.13B | 18.60B |
| Income Tax Expense | -577.16M | -172.79M | -5.21M | 632.72M | 1.96B | 5.00B |
| Earnings From Continuing Operations | -1.97B | -1.51B | -1.54B | 402.65M | 2.17B | 13.60B |
| Net Income to Company | -1.97B | -1.51B | -1.54B | 402.65M | 2.17B | 13.60B |
| Minority Interest in Earnings | -654.02M | -495.65M | -1.05B | -720.86M | -613.64M | -1.34B |
| Net Income | -2.63B | -2.00B | -2.59B | -318.21M | 1.55B | 12.26B |
| Net Income to Common | -2.63B | -2.00B | -2.59B | -318.21M | 1.55B | 12.26B |
| Shares Outstanding (Basic) | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.38B |
| Shares Outstanding (Diluted) | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.38B |
| EPS (Basic) | -1.98 | -1.51 | -1.95 | -0.24 | 1.17 | 8.91 |
| EPS (Diluted) | -1.98 | -1.51 | -1.95 | -0.24 | 1.17 | 8.91 |
| Free Cash Flow | -6.23B | -6.91B | 3.16B | 2.88B | -1.31B | 11.93B |
| Free Cash Flow Per Share | -4.70 | -5.21 | 2.38 | 2.17 | -0.99 | 8.67 |
| Dividend Per Share | 0.55 | 1.46 | 2.92 | 2.10 | ||
| Gross Margin | 25.78% | 26.14% | 26.12% | 24.87% | 29.47% | 45.77% |
| Operating Margin | 7.76% | 9.34% | 9.49% | 10.72% | 16.45% | 37.33% |
| Profit Margin | -5.82% | -4.47% | -5.93% | -0.70% | 3.50% | 25.59% |
| Free Cash Flow Margin | -13.80% | -15.42% | 7.22% | 6.35% | -2.95% | 24.90% |
| EBITDA | 7.38B | 8.01B | 7.68B | 8.25B | 10.17B | 20.11B |
| EBITDA Margin | 16.36% | 17.89% | 17.58% | 18.16% | 22.93% | 41.96% |
| D&A For EBITDA | 3.88B | 3.83B | 3.53B | 3.38B | 2.88B | 2.22B |
| EBIT | 3.50B | 4.18B | 4.15B | 4.87B | 7.30B | 17.89B |
| EBIT Margin | 7.76% | 9.34% | 9.49% | 10.72% | 16.45% | 37.33% |
| Effective Tax Rate | 61.11% | 47.47% | 26.89% |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.63B | 14.42B | 23.31B | 16.05B | 11.99B | 16.65B |
| Short-Term Investments | 499.86M | 372.40M | 860.59M | 1.49B | 1.18B | 2.38B |
| Trading Asset Securities | 4.20M | 2.60M | 2.95M | 7.20M | 9.60M | 12.03M |
| Cash & Short-Term Investments | 14.14B | 14.80B | 24.17B | 17.55B | 13.19B | 19.04B |
| Accounts Receivable | 2.53B | 2.40B | 2.90B | 3.27B | 3.23B | 2.60B |
| Other Receivables | 2.55B | 1.57B | 1.66B | 2.00B | 2.00B | 1.78B |
| Receivables | 5.09B | 3.98B | 4.57B | 5.27B | 5.24B | 4.38B |
| Inventory | 9.37B | 10.46B | 10.44B | 9.56B | 11.29B | 10.94B |
| Prepaid Expenses | 477.24M | 493.92M | 327.40M | 311.09M | 225.04M | |
| Other Current Assets | 670.92M | 609.39M | 275.29M | 699.53M | 583.21M | 381.97M |
| Total Current Assets | 29.74B | 30.33B | 39.79B | 33.08B | 30.61B | 34.97B |
| Property, Plant & Equipment | 34.53B | 33.92B | 30.43B | 27.93B | 26.37B | 21.53B |
| Long-Term Investments | 8.59B | 8.07B | 5.89B | 5.35B | 5.20B | 3.98B |
| Goodwill | 4.43B | 4.78B | 4.13B | 4.13B | 4.13B | 3.73B |
| Other Intangible Assets | 6.47B | 6.23B | 6.31B | 6.41B | 6.66B | 3.93B |
| Long-Term Deferred Tax Assets | 7.35B | 7.10B | 7.35B | 5.03B | 5.10B | 5.07B |
| Other Long-Term Assets | 7.76B | 8.00B | 8.07B | 7.88B | 5.84B | 4.16B |
| Total Assets | 100.60B | 100.58B | 103.91B | 91.53B | 85.35B | 79.38B |
| Accounts Payable | 7.35B | 7.16B | 7.03B | 7.76B | 6.64B | 6.48B |
| Accrued Expenses | 1.29B | 1.20B | 1.07B | 989.47M | 1.27B | 843.20M |
| Current Portion of Long-Term Debt | 8.33B | 10.43B | 8.82B | 7.61B | 5.19B | 5.49B |
| Current Portion of Leases | 241.88M | 238.70M | 206.32M | 137.64M | 177.01M | 119.05M |
| Current Income Taxes Payable | 666.20M | 736.08M | 719.25M | 864.61M | 870.33M | 3.31B |
| Current Unearned Revenue | 4.35B | 4.35B | 3.65B | 2.06B | 1.12B | 2.14B |
| Other Current Liabilities | 3.72B | 3.96B | 3.62B | 5.59B | 7.20B | 6.17B |
| Total Current Liabilities | 25.95B | 28.07B | 25.12B | 25.02B | 22.48B | 24.54B |
| Long-Term Debt | 45.04B | 42.50B | 48.09B | 37.25B | 35.73B | 27.02B |
| Long-Term Leases | 798.79M | 855.04M | 633.98M | 596.12M | 516.84M | 492.50M |
| Long-Term Unearned Revenue | 8.75B | 9.03B | 10.12B | 5.14B | 943.92M | 947.90M |
| Pension & Post-Retirement Benefits | 434.46M | 402.42M | 473.05M | 513.90M | 555.33M | 584.29M |
| Long-Term Deferred Tax Liabilities | 575.59M | 589.45M | 541.33M | 304.00M | 216.95M | 503.08M |
| Other Long-Term Liabilities | 3.82B | 3.39B | 3.47B | 3.02B | 3.11B | 1.91B |
| Total Liabilities | 85.36B | 84.84B | 88.45B | 71.84B | 63.54B | 56.00B |
| Common Stock | 10.24B | 10.24B | 10.24B | 10.24B | 10.24B | 10.24B |
| Retained Earnings | -1.61B | -202.99M | 1.80B | 6.07B | 8.99B | 11.03B |
| Treasury Stock | -936.93M | |||||
| Comprehensive Income & Other | 3.54B | 2.84B | 232.05M | 1.19B | 261.02M | -17.89M |
| Total Common Equity | 12.17B | 12.88B | 12.27B | 17.50B | 19.49B | 20.31B |
| Minority Interest | 3.07B | 2.86B | 3.19B | 2.18B | 2.33B | 3.06B |
| Shareholders' Equity | 15.24B | 15.74B | 15.46B | 19.68B | 21.82B | 23.37B |
| Total Liabilities & Equity | 100.60B | 100.58B | 103.91B | 91.53B | 85.35B | 79.38B |
| Total Debt | 54.41B | 54.02B | 57.75B | 45.59B | 41.61B | 33.12B |
| Net Cash (Debt) | -40.27B | -39.22B | -33.58B | -28.05B | -28.43B | -14.08B |
| Net Cash Per Share | -30.37 | -29.58 | -25.32 | -21.15 | -21.42 | -10.23 |
| Filing Date Shares Outstanding | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.34B |
| Total Common Shares Outstanding | 1.33B | 1.33B | 1.33B | 1.33B | 1.33B | 1.34B |
| Working Capital | 3.79B | 2.26B | 14.67B | 8.06B | 8.14B | 10.43B |
| Book Value Per Share | 9.17 | 9.71 | 9.25 | 13.20 | 14.70 | 15.14 |
| Tangible Book Value | 1.27B | 1.87B | 1.83B | 6.96B | 8.70B | 12.66B |
| Tangible Book Value Per Share | 0.95 | 1.41 | 1.38 | 5.25 | 6.56 | 9.43 |
| Land | 628.13M | 629.02M | 592.72M | 525.31M | 485.11M | 349.50M |
| Buildings | 10.38B | 10.29B | 9.66B | 9.11B | 8.74B | 5.36B |
| Machinery | 46.63B | 43.52B | 43.48B | 39.90B | 36.66B | 29.54B |
| Construction In Progress | 8.60B | 7.95B | 5.88B | 4.43B | 4.03B | 3.64B |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.63B | -2.00B | -2.59B | -318.21M | 1.55B | 12.26B |
| Depreciation & Amortization | 4.32B | 4.11B | 3.76B | 3.38B | 2.88B | 2.22B |
| Other Amortization | 56.90M | 36.33M | 26.98M | |||
| Loss (Gain) From Sale of Assets | -2.47B | |||||
| Asset Writedown & Restructuring Costs | 162.89M | 102.48M | 62.08M | 158.14M | -24.91M | 74.26M |
| Loss (Gain) From Sale of Investments | -261.89M | 57.56M | 624.16M | -384.78M | 905.79M | -494.55M |
| Loss (Gain) on Equity Investments | -435.29M | -518.74M | -448.05M | -351.13M | -237.92M | -182.50M |
| Other Operating Activities | 3.55B | 2.55B | 5.80B | 3.79B | 2.26B | 3.69B |
| Change in Accounts Receivable | 42.54M | 939.98M | 36.79M | 238.51M | -1.40B | 1.21B |
| Change in Inventory | 750.12M | -388.80M | -906.03M | 1.30B | -734.99M | -6.35B |
| Change in Accounts Payable | 306.18M | -189.49M | -875.33M | 1.09B | -458.58M | 1.14B |
| Change in Unearned Revenue | -468.31M | -510.34M | 6.97B | 4.84B | -221.13M | -697.14M |
| Change in Income Taxes | -758.21M | -1.24B | -101.63M | -1.31B | -2.78B | 1.16B |
| Change in Other Net Operating Assets | -5.55B | -4.42B | -4.76B | -5.86B | -303.45M | 1.90B |
| Operating Cash Flow | -245.00M | -973.18M | 8.65B | 7.29B | 2.04B | 14.79B |
| Capital Expenditures | -5.98B | -5.94B | -5.49B | -4.41B | -3.35B | -2.86B |
| Sale of Property, Plant & Equipment | 43.06M | 43.06M | ||||
| Cash Acquisitions | -197.20M | -311.90M | -5.32B | -672.98M | ||
| Divestitures | 3.16B | |||||
| Sale (Purchase) of Intangibles | -2.02B | |||||
| Investment in Securities | -244.01M | 145.21M | 4.46B | -87.13M | -641.19M | 1.21B |
| Other Investing Activities | 508.84M | -63.84M | -83.52M | -93.88M | -119.54M | -387.41M |
| Investing Cash Flow | -5.87B | -6.12B | -1.12B | -4.59B | -11.45B | 447.93M |
| Long-Term Debt Issued | 11.12B | 10.15B | 15.64B | 20.19B | 12.85B | |
| Long-Term Debt Repaid | -12.09B | -7.24B | -10.13B | -10.94B | -17.75B | |
| Lease Payments | -379.80M | -371.47M | -308.20M | -239.91M | -156.00M | -114.30M |
| Total Debt Repaid | -10.75B | -12.09B | -7.24B | -10.13B | -10.94B | -17.75B |
| Net Debt Issued (Repaid) | 2.66B | -967.53M | 2.91B | 5.51B | 9.25B | -4.91B |
| Repurchase of Common Stock | -128.52M | -336.16M | -410.57M | -1.52B | ||
| Common Dividends Paid | -695.23M | -695.23M | -2.54B | -3.98B | -3.76B | -3.29B |
| Other Financing Activities | -457.70M | -113.49M | -145.19M | -201.92M | -334.71M | 1.19B |
| Financing Cash Flow | 1.38B | -1.78B | -103.83M | 1.32B | 4.75B | -8.53B |
| Foreign Exchange Rate Adjustments | 61.89M | -16.38M | -162.96M | 27.80M | 9.59M | -9.44M |
| Net Cash Flow | -4.67B | -8.89B | 7.26B | 4.05B | -4.66B | 6.70B |
| Free Cash Flow | -6.23B | -6.91B | 3.16B | 2.88B | -1.31B | 11.93B |
| Free Cash Flow Margin | -13.80% | -15.42% | 7.22% | 6.35% | -2.95% | 24.90% |
| Free Cash Flow Per Share | -4.70 | -5.21 | 2.38 | 2.17 | -0.99 | 8.67 |
| Levered Free Cash Flow | -2.37B | -519.65M | -3.25B | 1.46B | -3.19B | 11.88B |
| Unlevered Free Cash Flow | 264.16M | 2.23B | -370.54M | 4.07B | -1.27B | 13.16B |
| Free Cash Flow After Leases | -6.61B | -7.28B | 2.85B | 2.64B | -1.47B | 11.81B |
| Cash Interest Paid | 4.14B | 4.27B | 4.05B | 3.43B | 2.32B | 2.14B |
| Cash Income Tax Paid | 568.93M | 633.94M | 1.32B | 1.41B | 3.10B | |
| Change in Working Capital | -5.67B | -5.80B | 361.10M | 298.29M | -5.91B | -1.64B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 947.52M | 2.15B | 1.90B | 5.37B | 3.65B | 6.19B |
| Enterprise Value | 8.93B | 9.34B | 7.54B | 11.60B | 8.37B | 8.98B |
| Last Close Price | 0.72 | 1.60 | 1.44 | 3.60 | 2.15 | 3.09 |
| PE Ratio | 12.42 | 2.81 | ||||
| PS Ratio | 0.11 | 0.27 | 0.27 | 0.57 | 0.43 | 0.72 |
| PB Ratio | 0.32 | 0.75 | 0.76 | 1.32 | 0.88 | 1.48 |
| P/TBV Ratio | 3.88 | 6.34 | 6.41 | 3.74 | 2.22 | 2.73 |
| P/FCF Ratio | 3.72 | 9.04 | 2.89 | |||
| P/OCF Ratio | 1.36 | 3.58 | 9.45 | 2.33 | ||
| EV/Sales Ratio | 1.03 | 1.15 | 1.07 | 1.24 | 1.00 | 1.04 |
| EV/EBITDA Ratio | 6.27 | 6.42 | 6.07 | 6.83 | 4.35 | 2.49 |
| EV/EBIT Ratio | 13.21 | 12.29 | 11.24 | 11.56 | 6.06 | 2.80 |
| EV/FCF Ratio | 14.77 | 19.52 | 4.20 | |||
| Debt / Equity Ratio | 3.57 | 3.43 | 3.74 | 2.32 | 1.91 | 1.42 |
| Debt / EBITDA Ratio | 7.08 | 6.51 | 7.30 | 5.53 | 4.09 | 1.65 |
| Debt / FCF Ratio | 18.30 | 15.81 | 2.78 | |||
| Net Debt / Equity Ratio | 2.64 | 2.49 | 2.17 | 1.43 | 1.30 | 0.60 |
| Net Debt / EBITDA Ratio | 5.46 | 4.89 | 4.37 | 3.40 | 2.79 | 0.70 |
| Net Debt / FCF Ratio | -6.47 | -5.68 | 10.64 | 9.72 | -21.71 | 1.18 |
| Asset Turnover | 0.45 | 0.44 | 0.45 | 0.51 | 0.54 | 0.67 |
| Inventory Turnover | 3.40 | 3.17 | 3.23 | 3.27 | 2.81 | 3.30 |
| Quick Ratio | 0.74 | 0.67 | 1.14 | 0.91 | 0.82 | 0.95 |
| Current Ratio | 1.15 | 1.08 | 1.58 | 1.32 | 1.36 | 1.43 |
| Return on Equity (ROE) | -12.29% | -9.66% | -8.75% | 1.94% | 9.59% | 78.53% |
| Return on Assets (ROA) | 2.17% | 2.56% | 2.65% | 3.44% | 5.54% | 15.70% |
| Return on Invested Capital (ROIC) | 6.39% | 8.05% | 8.57% | 3.87% | 8.74% | 36.71% |
| Return on Capital Employed (ROCE) | 4.70% | 5.80% | 5.30% | 7.30% | 11.60% | 32.60% |
| Earnings Yield | -50.91% | -16.89% | -22.06% | -1.22% | 8.05% | 35.54% |
| FCF Yield | -120.80% | -58.28% | 26.86% | 11.06% | -6.79% | 34.59% |
| Dividend Yield | 6.21% | 7.42% | 20.10% | 8.19% | ||
| Payout Ratio | 241.74% | 26.84% | ||||
| Buyback Yield / Dilution | 0.07% | 3.58% | 0.27% | |||
| Total Shareholder Return | 6.21% | 7.49% | 23.68% | 8.46% |