All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2022-05-02.
From the record
Companhia Siderurgica Nacional S.A.'s filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-05-02) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+12.4% a year over 10 filed years; profitable in 9 of 10.
From the record
Companhia Siderurgica Nacional S.A.'s 10 filed years say what it did: revenue went from BRL 15 billion in fiscal 2015 to BRL 44 billion in fiscal 2024, up 12.4% a year; it rose in 7 of 9 years; the deepest fall was 9% from fiscal 2021 to fiscal 2024; net income was positive in 9 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 8.7/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Companhia Siderurgica Nacional S.A.'s shareholder treatment is put at 8.7 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the top 13% of 30 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -10%: lost 10¢ per shareholder dollar. Leverage 85%: owes 85¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2024-12-31, Companhia Siderurgica Nacional S.A. lost about 10 cents for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 85 cents per dollar of assets (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 22% of 28 in its family; net margin -3.5%.
From the record
Companhia Siderurgica Nacional S.A.'s standing among 28 graded names in its industry family: revenue of BRL 44 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -3.5% ranks in the bottom 17%; revenue growth of -3% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 0.7/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Companhia Siderurgica Nacional S.A.'s leadership is put at 0.7 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the bottom 7% of 26 in its family; it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 47% of 27 in its family for room to expand.
From the record
Companhia Siderurgica Nacional S.A.'s room to grow, from the newest filed statements (fiscal 2024): cash of BRL 23 billion against debt of BRL 58 billion leaves -33% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is 7.2% of revenue (top 35%); a gross margin of 26.8% (top 37%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 34% of 29 in its family for growth drivers.
From the record
Companhia Siderurgica Nacional S.A.'s growth drivers, from the filed years to fiscal 2024: revenue grew -3% a year over the last three filed years against 12.4% over all 10, slowing (bottom 5% of its family); the newest year grew -3.8% (bottom 20%); capital spending grew 24.2% a year (top 23%) (its annual reports). Companhia Siderurgica Nacional S.A. 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
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 18% of 26 in its family for expectations against reality.
From the record
Companhia Siderurgica Nacional S.A.'s newest year against its own record: revenue of BRL 44 billion in fiscal 2024 came in 1.3% below the BRL 44 billion its prior three years' pace pointed to (bottom 29% of its family); net income of BRL 1.5 billion against a prior three-year average of BRL 5.4 billion (bottom 17%); a net margin of -3.5% against 11.4% before (bottom 10%) (its annual reports).
What it rests on
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