Companhia Siderúrgica Nacional (SID) Income Statement
SID 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisSID revenue and net income
Where SID's revenue goes
2025Each bar shows an amount and its share of revenue. SID kept −4.5% of revenue as net income.
SID profit margins
SID growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.5% | −0.3% | +7.9% | +11.1% |
| Gross profit | +1.5% | −3.7% | +1.7% | +12.9% |
| Operating income | +16.5% | −19.3% | −9.5% | +13.6% |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SID income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$43.92B | R$43.69B | R$45.44B | R$44.36B | R$47.91B | R$30.06B | R$25.44B | R$22.97B | R$18.52B | R$17.15B |
| Cost of revenue | R$32.04B | R$31.99B | R$34.14B | R$31.05B | R$25.84B | R$19.12B | R$17.40B | R$16.11B | R$13.60B | R$12.64B |
| Gross profit | R$11.87B | R$11.70B | R$11.30B | R$13.31B | R$22.07B | R$10.94B | R$8.04B | R$6.86B | R$4.93B | R$4.51B |
| Research & development | R$82.9M | R$57.1M | R$58.3M | R$58.9M | R$77.4M | R$27.8M | R$1.7M | R$36.4M | R$36.9M | R$33.4M |
| Sales, general & admin | R$6.07B | R$6.35B | R$4.49B | R$3.31B | R$3.01B | R$2.51B | R$2.85B | R$470.6M | R$517.1M | R$2.32B |
| Total operating expenses | R$7.22B | R$7.70B | R$6.11B | R$4.45B | R$3.61B | R$3.29B | R$4.49B | R$52.4M | R$1.90B | R$2.42B |
| Operating income | R$4.65B | R$3.99B | R$5.19B | R$8.86B | R$18.46B | R$7.65B | R$3.54B | R$4.50B | R$3.03B | R$2.09B |
| Interest income | R$1.10B | R$952.8M | R$789.8M | R$2.23B | R$1.36B | R$434.6M | R$1.78B | R$2.36B | R$2.17B | R$2.52B |
| Interest expense | R$4.58B | R$4.60B | R$4.17B | R$3.07B | R$2.27B | R$464.0M | R$609.4M | R$2.01B | R$2.42B | R$12.0M |
| Income before taxes | −R$1.65B | −R$1.54B | R$1.04B | R$4.13B | R$18.60B | R$4.92B | R$1.41B | R$5.45B | R$520.3M | −R$577.0M |
| Income taxes | −R$169.4M | −R$5.2M | R$632.7M | R$1.96B | R$5.00B | R$625.5M | −R$833.8M | R$250.3M | R$409.1M | R$266.5M |
| Net income | −R$1.96B | −R$2.59B | −R$318.2M | R$1.55B | R$12.26B | R$3.79B | R$1.79B | R$5.20B | R$10.3M | −R$934.7M |
| EBITDA | R$7.08B | R$6.85B | R$8.58B | R$10.07B | R$23.08B | R$9.69B | R$5.16B | R$6.84B | R$4.39B | R$2.13B |
| Gross margin | 27.0% | 26.8% | 24.9% | 30.0% | 46.1% | 36.4% | 31.6% | 29.9% | 26.6% | 26.3% |
| Operating margin | 10.6% | 9.1% | 11.4% | 20.0% | 38.5% | 25.4% | 13.9% | 19.6% | 16.3% | 12.2% |
| Net margin | −4.5% | −5.9% | −0.7% | 3.5% | 25.6% | 12.6% | 7.0% | 22.6% | 0.1% | −5.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$11.31B | R$10.41B | R$11.58B | R$11.79B | R$10.69B | R$10.91B | R$12.03B | R$11.07B | R$10.88B | R$9.71B | R$12.01B | R$11.13B |
| Cost of revenue | R$8.38B | R$8.00B | R$7.97B | R$8.39B | R$7.97B | R$8.38B | R$8.24B | R$8.33B | R$7.95B | R$7.52B | R$8.39B | R$8.32B |
| Gross profit | R$2.93B | R$2.41B | R$3.60B | R$3.41B | R$2.73B | R$2.53B | R$3.78B | R$2.73B | R$2.93B | R$2.19B | R$3.61B | R$2.81B |
| Research & development | R$24.4M | R$12.8M | R$30.1M | R$19.3M | R$18.0M | R$16.8M | R$16.8M | R$14.7M | R$16.2M | R$19.1M | R$19.1M | R$14.1M |
| Sales, general & admin | R$1.64B | R$1.31B | R$1.73B | R$1.56B | R$252.7M | R$1.27B | R$1.46B | R$1.88B | R$235.5M | R$1.39B | R$208.7M | R$1.18B |
| Total operating expenses | R$2.17B | R$1.60B | R$2.63B | R$1.56B | R$1.25B | R$1.64B | R$1.92B | R$3.69B | R$1.38B | R$1.61B | R$1.13B | R$3.67B |
| Operating income | R$764.8M | R$803.8M | R$973.2M | R$1.85B | R$1.48B | R$887.6M | R$1.86B | R$781.5M | R$1.35B | R$582.9M | R$2.48B | −R$865.1M |
| Interest income | R$191.8M | R$328.0M | R$275.3M | R$247.7M | R$1.50B | R$1.28B | R$903.8M | R$21.1M | R$244.6M | R$13.6M | R$838.5M | R$205.0M |
| Interest expense | R$1.66B | R$1.05B | R$1.25B | R$199.6M | R$141.8M | R$1.12B | R$1.25B | R$1.10B | R$1.18B | R$236.9M | R$1.25B | R$253.4M |
| Income before taxes | −R$1.08B | −R$993.6M | −R$751.2M | R$280.6M | −R$257.5M | −R$962.7M | R$30.2M | −R$1.15B | R$118.1M | −R$541.6M | R$1.17B | R$424.0M |
| Income taxes | −R$305.1M | −R$448.9M | −R$19.0M | R$204.2M | −R$127.1M | −R$231.1M | R$115.2M | −R$399.2M | R$340.7M | −R$61.9M | R$414.3M | R$333.2M |
| Net income | −R$794.1M | −R$604.0M | −R$1.10B | −R$137.1M | −R$130.4M | −R$731.6M | −R$633.0M | −R$840.3M | −R$528.8M | −R$479.7M | R$579.1M | −R$154.5M |
| EBITDA | R$1.70B | R$1.20B | R$1.57B | R$1.32B | R$2.52B | R$1.81B | R$2.28B | R$1.62B | R$2.45B | R$1.39B | R$3.39B | R$2.37B |
| Gross margin | 25.9% | 23.1% | 31.1% | 28.9% | 25.5% | 23.2% | 31.5% | 24.7% | 26.9% | 22.6% | 30.1% | 25.2% |
| Operating margin | 6.8% | 7.7% | 8.4% | 15.7% | 13.8% | 8.1% | 15.5% | 7.1% | 12.4% | 6.0% | 20.7% | −7.8% |
| Net margin | −7.0% | −5.8% | −9.5% | −1.2% | −1.2% | −6.7% | −5.3% | −7.6% | −4.9% | −4.9% | 4.8% | −1.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in SID's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SID financial results
In fiscal year 2025 (ended December 31, 2025), Companhia Siderúrgica Nacional reported revenue of R$43.9 billion, up 0.5% from the year before. It had a net loss of R$2.0 billion, a net profit margin of −4.5%. Over five years revenue grew at an average rate of 7.9% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the SID stock overview for the latest quote and news, or the SID chart for price history and technical indicators.
SID income statement FAQ
What is Companhia Siderúrgica Nacional's annual revenue?
Companhia Siderúrgica Nacional reported total revenue of R$43.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.5% from R$43.7 billion the previous year.
Is Companhia Siderúrgica Nacional profitable?
No. Companhia Siderúrgica Nacional reported a net loss of R$2.0 billion in fiscal 2025, a net profit margin of −4.5%; its operating margin was 10.6%.
What is Companhia Siderúrgica Nacional's gross margin?
Companhia Siderúrgica Nacional's gross margin was 27.0% in fiscal 2025: for every $100 of revenue, Companhia Siderúrgica Nacional kept $27 after the direct cost of its products and services.
How much does Companhia Siderúrgica Nacional spend on research and development?
Companhia Siderúrgica Nacional spent R$82.9 million on research and development in fiscal 2025, 0.2% of revenue.
How fast is Companhia Siderúrgica Nacional growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from R$30.1 billion to R$43.9 billion.
When will Companhia Siderúrgica Nacional report its next earnings?
Companhia Siderúrgica Nacional is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Companhia Siderúrgica Nacional's fiscal year end?
Companhia Siderúrgica Nacional's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.