National Steel annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
National Steel Free Cash Flow (FCF) History (SID)
National Steel reported −R$6.91B in free cash flow for fiscal 2025, a decrease of R$10.07B from the previous fiscal year, with a free cash flow margin of −15.42%.
View full National Steel company overviewNational Steel free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −R$6.91B | −R$10.07B | — | −15.42% |
| 2024 | 2024-12-31 | R$3.16B | R$271.7M | +9.42% | +7.22% |
| 2023 | 2023-12-31 | R$2.88B | R$4.19B | — | +6.35% |
| 2022 | 2022-12-31 | −R$1.31B | −R$13.24B | — | −2.95% |
| 2021 | 2021-12-31 | R$11.93B | R$4.04B | +51.13% | +24.90% |
| 2020 | 2020-12-31 | R$7.89B | R$5.24B | +197.18% | +26.25% |
| 2019 | 2019-12-31 | R$2.66B | R$1.76B | +198.09% | +10.44% |
| 2018 | 2018-12-31 | R$891.0M | R$1.38B | — | +3.88% |
| 2017 | 2017-12-31 | −R$487.6M | R$865.1M | — | −2.63% |
| 2016 | 2016-12-31 | −R$1.35B | −R$4.81B | — | −7.89% |
| 2015 | 2015-12-31 | R$3.45B | — | — | +22.63% |
National Steel quarterly free cash flow
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −R$1.27B | R$304.0M | — | −11.26% |
| Q1 2026 | 2026-03-31 | −R$1.90B | R$378.2M | — | −17.94% |
| Q4 2025 | 2025-12-31 | −R$2.01B | — | — | −17.62% |
| Q3 2025 | 2025-09-30 | −R$1.04B | — | — | −8.84% |
| Q2 2025 | 2025-06-30 | −R$1.58B | — | — | −14.75% |
| Q1 2025 | 2025-03-31 | −R$2.28B | — | — | −20.91% |
National Steel free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from R$7.89B to −R$6.91B, a net decrease of R$14.80B. National Steel's latest reported quarter, Q2 2026, generated −R$1.27B in free cash flow, an increase of R$304.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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