Algoma Steel Group Inc. (ASTL)

Nasdaq: ASTL · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · Sault Ste. Marie, ON · filing with the SEC since 2021

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Grade2.1

◀ Past 3.7● Present 1.4▶ Future 1.6

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Algoma Steel Group Inc.

Nine metrics read from its own filings, by tense

Headline grade

2.1/10

◀ Past3.730% of the headline

● Present1.440% of the headline

▶ Future1.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

6.7/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 67th percentile among 12 sector filers · read for itself

From the record

Algoma Steel Group Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.3/10

What has it actually done, year after year?

+1.1% a year over 6 filed years; profitable in 3 of 6.

weight 45% of this tense · 13th percentile among 12 sector filers · read for its customers

From the record

Algoma Steel Group Inc.'s 6 filed years say what it did: revenue went from CAD 2.0 billion in fiscal 2020 to CAD 2.1 billion in fiscal 2025, up 1.1% a year; it rose in 2 of 5 years; the deepest fall was 45% from fiscal 2022 to fiscal 2025; net income was positive in 3 of 6 of those years (its annual reports).

What it rests on

revenue growth over the filed span1.1%bottom 13% of its family
the share of years revenue rosebottom 4% of its family
the share of filed years with a profitbottom 21% of its family
the deepest fall from a revenue peak45.2%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

4.2/10

How has it treated the people who own it?

Share count shrank 0.7% a year. 18% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 42nd percentile among 12 sector filers · read for its shareholders

From the record

Over the 4 fiscal years to 2025-12-31, Algoma Steel Group Inc.'s diluted share count shrank about 0.7% a year, and dividends and buybacks returned about 18% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 46% of its family
cash returned against operating cash flowbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

1.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

0.4/10

Is it financially healthy right now?

ROE -201%: lost 201¢ per shareholder dollar. Leverage 77%: owes 77¢ per asset dollar.

weight 45% of this tense · 4th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Algoma Steel Group Inc. lost about 201 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 31 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 77 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 4% of its family
return on equitybottom 4% of its family
gross profit against assetsbottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.4/10

How strong is its position in its industry?

bottom 4% of 12 in its family; net margin -47.2%.

weight 33% of this tense · 4th percentile among 12 sector filers · read for its customers

From the record

Algoma Steel Group Inc.'s standing among 12 graded names in its industry family: revenue of CAD 2.1 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -47.2% ranks in the bottom 4%; revenue growth of -14.8% a year over the last 3 filed years ranks in the bottom 4% (its annual reports).

What it rests on

net margin-47.2%bottom 4% of its family
three-year revenue growth-14.8%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 7 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 7 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Algoma Steel Group Inc.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 7 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

1.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

1.5/10

How much room does it have to grow?

bottom 15% of 12 in its family for room to expand.

weight 45% of this tense · 15th percentile among 12 sector filers · read for itself

From the record

Algoma Steel Group Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of CAD 78 million against debt of CAD 484 million leaves -19.2% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is -18.9% of revenue (bottom 4%); a gross margin of -31.9% (bottom 5%) (its annual report).

What it rests on

cash less debt against assets-19.2%bottom 38% of its family
cash from operations less capital spending against revenue-18.9%bottom 4% of its family
gross margin-31.9%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

2.2/10

What could actually drive growth from here?

bottom 22% of 12 in its family for growth drivers.

weight 33% of this tense · 22nd percentile among 12 sector filers · read for its customers

From the record

Algoma Steel Group Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -14.8% a year over the last three filed years against 1.1% over all 6, slowing (bottom 13% of its family); the newest year grew -15.4% (bottom 4%); capital spending grew 19.9% a year (top 50%) (its annual reports). Algoma Steel Group Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-15.9 points a yearbottom 13% of its family
the newest year's revenue growth-15.4%bottom 4% of its family
three-year growth of capital spending19.9%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

0.7/10

Did its newest year beat what its own record pointed to?

bottom 7% of 12 in its family for expectations against reality.

weight 22% of this tense · 7th percentile among 12 sector filers · read for its shareholders

From the record

Algoma Steel Group Inc.'s newest year against its own record: revenue of CAD 2.1 billion in fiscal 2025 came in 13% below the CAD 2.4 billion its prior three years' pace pointed to (bottom 13% of its family); net income of CAD 985 million against a prior three-year average of CAD 420 million (bottom 4%); a net margin of -47.2% against 12.3% before (bottom 4%) (its annual reports).

What it rests on

revenue against the prior three years' pace-13.0%bottom 13% of its family
net income against the prior three years' average-334%bottom 4% of its family
net margin against its prior average-59.6 pointsbottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ASTL · research, not advice