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NYSE · STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS · LARGE CAP

National Steel Co. SID

10 fiscal years on record · BRL · FY2024 reported · SEC filings only
BRL 43.7B
▼ 3.9% YoY
BRL -2.6B
BRL 3.2B
▲ 9.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Companhia Siderúrgica Nacional produces carbon steel and sells carbon steel products, both domestically and abroad, to manufacturers in several industries. Its Presidente Vargas Steelworks produces flat steel products, including slabs, hot-rolled, cold-rolled, galvanized and other corrosion-resistant products, as well as tin mill products. Abroad, the subsidiary SWT is a long steel producer in Germany with annual production capacity of approximately 1.1 million tons of steel profiles. The company sold 45.8 million tons of iron ore in 2025, of which 41.8 million tons were sold to third parties. Its iron ore reserves are in Casa de Pedra, Engenho, Fernandinho and other mines, all located in the state of Minas Gerais. Its cement operations comprised seven integrated plants, six grinding and blending plants and 23 distribution centers throughout Brazil as of December 31, 2025. The company generates power through hydroelectric facilities and a thermoelectric plant located inside Presidente Vargas Steelworks, and it sells the excess energy it generates on a spot basis.

Written from the business description in NATIONAL STEEL CO's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

BRL 43.7B
Revenue, FY2024 · full 10-year series below
Revenue BRL B Net income BRL B
FY2024 · Revenue 43.7 · Net income -2.6
20B40B
2015201820212024
Compound annual growth
−3.0%
+11.4%
−8.3%
+5.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.4% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating 9.8% · Net -3.5%
20%40%
201520192024
ROE
FY2024 · ROE -17.4%
50%-5%-10%-15%
201520192024
Three returns, three denominators.

Each BRL of equity lost 17 cents this year.

Cash & shareholders

BRL 2.5B
returned in FY2024 · dividends + net buybacks
Free cash flow BRL B
FY2024 · FCF 3.2
5.0B10.0B-0.5B-1.0B
201520192024
Net buybacks BRL B Dividends BRL B
FY2024 · Dividends 2.5 · Net buybacks ·
2B3B-2B-3BDividendsNet buybacks
2015201620172018201920202021202220232024

BRL 2.5B in dividends went back to shareholders in a year without profit.

Total assetsBRL 103.9B
EquityBRL 12.3B
CashBRL 23.3B
Gross debtBRL 57.6B
Net debtBRL 34.2B
DepositsBRL 633.0M

Net debt stands at 279% of equity.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · BRL

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
SID, 10-year financial record
Metric 2024202320222021202020192018201720162015
Revenue BRL B43.745.444.447.930.125.423.018.517.115.3
Operating income BRL B4.35.27.620.55.73.56.93.01.95.1
EBITDA BRL B◌◌◌◌◌◌8.14.43.26.2
Income tax BRL B◌◌2.05.00.6−0.80.30.40.32.9
Net income BRL B−2.6−0.31.612.33.81.85.10.0−0.9−1.2
Free cash flow BRL B3.22.9−1.311.97.92.70.9−0.5−1.43.5
EPS, diluted BRL −1.95−0.241.178.912.751.303.690.01−0.69−0.89
Dividend / sh BRL 1.721.831.831.830.650.31◌◌◌◌
Payout %−98−1251242278107100−0−45
ROE %−17.4−1.77.881.137.819.064.50.2−15.1◌
Shares out B1.331.331.331.391.391.391.391.391.39◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 3 failures in 41 reconciliationsAUDITED

Reconciled in 7 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Eight checks were skipped: EPS is not tagged before 2015. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency3 failures
ActivitySteel Works, Blast Furnaces & Rolling & Finishing Mills
Listed onNYSE
Incorporated inoutside the United States — SEC code D5
Fiscal year endsDecember 31
Data on record since2015

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