National Steel's Q2 loss misses estimates despite higher revenues, as stronger steel, energy and cement results are offset by financial costs.

Companhia Siderúrgica Nacional's investment thesis is defined by the tension between its operational potential and its unsustainable capital structure.
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Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 12, 2026 | -$0.12+1.2% vs -$0.12 | $2.2B+3.8% vs $2.1B |
Q2 2026 May 13, 2026 | -$0.08-334.5% vs $0.03 | $2.1B+1.7% vs $2.1B |
Q2 2026 Mar 11, 2026 | -$0.15-814.1% vs -$0.02 | $2.1B+4.3% vs $2.0B |
Q4 2025 Nov 4, 2025 | $0.01-56.3% vs $0.02 | $2.2B+5.6% vs $2.1B |
National Steel's Q2 loss misses estimates despite higher revenues, as stronger steel, energy and cement results are offset by financial costs.

National Steel NYSE: SID, also known as CSN, reported higher consolidated EBITDA in the second quarter of 2026, supported by improved commercial performance across its steel, cement, logistics and energy businesses, while management continued to emphasize asset sales, working-capital reductions and debt-management initiatives.
Companhia Siderúrgica Nacional (SID) Q2 2026 Earnings Call Transcript
São Paulo, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Companhia Siderúrgica Nacional (“CSN”) (NYSE: SID) announced today the final results of the offer to exchange (the “Exchange Offer”) conducted by its subsidiary, CSN Inova Ventures (formerly CSN Islands XI Corp.) (the “Issuer”), an exempted company incorporated under the laws of the Cayman Islands and a direct wholly-owned subsidiary of CSN. The Issuer announced today that the Minimum Participation Condition has been satisfied.
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Key metrics vs top competitors for Companhia Siderúrgica Nacional (SID)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.85 | $1.13B | -2.36 | 0.53% | -5.84% | -21.1% | 10.99% | |
| $4.38 | $8.66B | 17.50 | 4.23% | 3.86% | 5.04% | 2.65% | |
| $60.98 | $46.41B | 43.98 | -1.74% | 1.64% | 1.84% | 0.9% | |
| $11.59 | $49.43B | 82.49 | 0.46% | 1.45% | 1.6% | 7.22% | |
| $244.97 | $55.79B | 15.44 | 5.73% | 9.26% | 15.63% | 0.91% | |
| $222.90 | $32.15B | 16.34 | 3.63% | 8.82% | 21.07% | 0.88% |
Companhia Siderúrgica Nacional (SID) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Companhia Siderúrgica Nacional (SID) stock FAQ — growth, dividends, profitability & financials explained
Companhia Siderúrgica Nacional (SID) reported $45.08B in revenue over the trailing twelve months. Revenue was $43.92B in fiscal year 2025. That is 1603% more than the $2.58B of fiscal year 1997.
Companhia Siderúrgica Nacional (SID) grew revenue by 0.9% over the trailing twelve months, compared with the twelve months before.
No. Companhia Siderúrgica Nacional (SID) reported a net loss of $2.63B over the trailing twelve months.
Yes. Companhia Siderúrgica Nacional (SID) pays a dividend that yields 10.99% at the current price, a high yield.
Companhia Siderúrgica Nacional (SID) had a return on equity (ROE) of -21.1% over the trailing twelve months. A negative ROE means the company lost money over the period.
Companhia Siderúrgica Nacional (SID) had negative free cash flow of $6.22B over the trailing twelve months.