Companhia Siderúrgica Nacional (SID) Key Metrics
SID key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Brazilian reaisSID returns How much profit the business earns on the capital it uses.
SID financial health Debt, liquidity and how easily interest is covered.
SID efficiency & capital use Working capital cycle and where the cash goes.
SID returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SID debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SID cash returned to shareholders
SID key metrics in Brazilian reais
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −15.6% | −17.4% | −1.7% | 7.8% | 81.1% | 37.8% | 19.0% | 66.1% | 0.1% | −12.4% |
| Return on invested capital (ROIC) | 7.6% | 7.0% | 5.6% | 11.5% | 41.2% | 20.0% | 10.2% | 12.9% | 4.7% | 5.0% |
| Return on assets (ROA) | −1.9% | −2.7% | −0.4% | 1.9% | 17.2% | 6.7% | 3.6% | 11.2% | 0.0% | −2.0% |
| Return on tangible assets | −2.2% | −2.8% | −0.4% | 2.1% | 17.1% | 6.8% | 4.1% | 13.0% | 0.0% | −2.5% |
| Free cash flow margin | −15.4% | 7.2% | 6.3% | −7.5% | 28.3% | 26.3% | 10.4% | 3.9% | −2.6% | −7.9% |
| Income quality (OCF / net income) | — | — | — | 1.31 | 1.34 | 2.52 | 2.72 | 0.42 | 55.67 | — |
| Financial health | ||||||||||
| Total debt | R$53.99B | R$57.10B | R$45.26B | R$41.55B | R$32.57B | R$35.80B | R$28.44B | R$28.83B | R$29.51B | R$30.44B |
| Cash & short-term investments | R$15.06B | R$24.22B | R$17.59B | R$13.46B | R$19.30B | R$13.75B | R$3.73B | R$3.14B | R$4.15B | R$5.63B |
| Net debt | R$38.93B | R$32.87B | R$27.68B | R$28.09B | R$13.27B | R$22.05B | R$24.72B | R$25.68B | R$25.36B | R$24.81B |
| Debt / equity | 4.20 | 4.65 | 2.59 | 2.13 | 1.60 | 3.61 | 2.80 | 3.31 | 4.20 | 4.12 |
| Debt / assets | 0.54 | 0.55 | 0.49 | 0.49 | 0.41 | 0.57 | 0.56 | 0.61 | 0.65 | 0.69 |
| Net debt / EBITDA | 5.50 | 4.80 | 3.22 | 2.79 | 0.57 | 2.28 | 4.79 | 3.75 | 5.77 | 11.64 |
| Current ratio | 1.08 | 1.58 | 1.32 | 1.36 | 1.43 | 1.59 | 1.10 | 1.05 | 1.11 | 2.26 |
| Quick ratio | 0.71 | 1.17 | 0.94 | 0.86 | 0.98 | 1.26 | 0.64 | 0.61 | 0.70 | 1.54 |
| Interest coverage | 1.0 | 0.9 | 1.2 | 2.9 | 8.2 | 16.5 | 5.8 | 2.2 | 1.3 | 174.5 |
| Working capital | R$2.26B | R$14.67B | R$8.06B | R$8.14B | R$10.43B | R$8.66B | R$1.11B | R$575.9M | R$1.21B | R$6.95B |
| Invested capital | R$51.80B | R$45.14B | R$45.18B | R$47.58B | R$33.58B | R$31.97B | R$34.89B | R$34.39B | R$32.39B | R$32.19B |
| Tangible asset value | R$4.73B | R$5.02B | R$9.15B | R$11.03B | R$15.72B | R$3.93B | R$4.13B | R$2.76B | R$1.02B | R$126.1M |
| Net current asset value | −R$54.48B | −R$48.66B | −R$38.77B | −R$32.93B | −R$21.03B | −R$28.36B | −R$26.78B | −R$25.30B | −R$25.04B | −R$24.32B |
| Capital allocation | ||||||||||
| Dividends paid | R$681.6M | R$2.54B | R$3.98B | R$3.76B | R$3.29B | R$309.4M | R$1.92B | R$502.0M | R$53,000 | R$53,000 |
| Share buybacks (net) | R$0 | R$336.2M | R$0 | R$410.6M | R$1.52B | — | R$0 | R$0 | R$238,000 | R$0 |
| Dividend payout ratio | — | — | — | 241.7% | 26.8% | 8.2% | 107.3% | 9.7% | 0.5% | — |
| Dividends + buybacks / free cash flow | — | 91.0% | 138.0% | — | 35.4% | 3.9% | 72.3% | 56.5% | — | — |
| Capex / revenue | 13.3% | 12.6% | 9.7% | 12.1% | 6.0% | 5.6% | 8.7% | 5.7% | 5.7% | 9.5% |
| Capex / operating cash flow | — | 63.5% | 60.4% | 263.2% | 17.4% | 17.6% | 45.5% | 59.7% | 185.4% | 591.4% |
| Capex / depreciation | 1.40 | 1.45 | 1.30 | 1.87 | 1.29 | 0.67 | 1.46 | 0.99 | 0.73 | 37.36 |
| Stock-based compensation / revenue | — | — | −11.1% | −6.5% | −4.6% | −8.3% | −6.3% | — | — | — |
| R&D / revenue | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 13.8% | 14.5% | 9.9% | 7.5% | 6.3% | 8.3% | 11.2% | 2.0% | 2.8% | 13.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.3 | 41.6 | 42.7 | 39.6 | 34.0 | 40.3 | 30.3 | 34.7 | 49.5 | 46.0 |
| Days of inventory on hand | 119.0 | 114.1 | 111.4 | 130.7 | 111.3 | 96.0 | 107.9 | 107.6 | 112.9 | 128.4 |
| Days payables outstanding | 97.3 | 124.8 | 129.7 | 136.3 | 115.3 | 91.4 | 79.8 | 67.8 | 57.4 | 44.3 |
| Cash conversion cycle (days) | 57.9 | 30.8 | 24.4 | 33.9 | 30.0 | 45.0 | 58.4 | 74.5 | 105.0 | 130.1 |
| Receivables turnover | 10.05 | 8.78 | 8.55 | 9.22 | 10.73 | 9.05 | 12.06 | 10.52 | 7.37 | 7.94 |
| Payables turnover | 3.75 | 2.92 | 2.81 | 2.68 | 3.16 | 3.99 | 4.57 | 5.39 | 6.35 | 8.24 |
| Inventory turnover | 3.07 | 3.20 | 3.28 | 2.79 | 3.28 | 3.80 | 3.38 | 3.39 | 3.23 | 2.84 |
| Asset turnover | 0.43 | 0.45 | 0.51 | 0.54 | 0.67 | 0.53 | 0.52 | 0.50 | 0.41 | 0.37 |
| Average receivables | R$4.37B | R$4.97B | R$5.31B | R$4.81B | R$4.46B | R$3.32B | R$2.11B | R$2.18B | R$2.51B | R$2.16B |
| Average payables | R$8.55B | R$10.94B | R$12.13B | R$11.60B | R$8.17B | R$4.79B | R$3.80B | R$2.99B | R$2.14B | R$1.53B |
| Average inventory | R$10.45B | R$10.00B | R$10.42B | R$11.12B | R$7.88B | R$5.03B | R$5.14B | R$4.75B | R$4.21B | R$4.45B |
| Intangibles / total assets | 10.9% | 10.0% | 11.5% | 12.6% | 9.6% | 11.6% | 14.2% | 15.3% | 16.1% | 16.4% |
Computed from SID's annual financial statements (latest annual report filed April 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Brazilian reais; data from EODHD. Averages use the opening and closing balance of each year.
SID valuation and financial ratios
Companhia Siderúrgica Nacional earned a return on equity of −15.6% and a return on invested capital of 7.6% in fiscal 2025. It ended the year with R$54.0 billion of debt and R$15.1 billion in cash and short-term investments, net debt of R$38.9 billion. It returned R$681.6 million to shareholders: R$681.6 million in dividends and R$0 in share buybacks.
See the SID income statement, the SID chart for price history, or the SID stock overview for the latest quote and news.
SID key metrics FAQ
What is Companhia Siderúrgica Nacional's return on equity?
Companhia Siderúrgica Nacional's return on equity (ROE) was −15.6% in fiscal 2025: net income of -R$2.0 billion on average shareholders' equity of R$12.6 billion.
What is Companhia Siderúrgica Nacional's ROIC?
Companhia Siderúrgica Nacional's return on invested capital was 7.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Companhia Siderúrgica Nacional have?
Companhia Siderúrgica Nacional had total debt of R$54.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 4.20 and R$38.9 billion of net debt (5.50 times EBITDA).
What is Companhia Siderúrgica Nacional's current ratio?
Companhia Siderúrgica Nacional's current ratio was 1.08 at the end of fiscal 2025: current assets were 1.08 times current liabilities.