TX vs. SID

Last updated Apr 1, 2026

Compare and contrast key facts about Ternium S.A. (TX) and Companhia Siderúrgica Nacional (SID).

Performance

TX vs. SID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ternium S.A. (TX) and Companhia Siderúrgica Nacional (SID). The values are adjusted to include any dividend payments, if applicable.

TX vs. SID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TX Ternium S.A.	5.13%	43.56%	-25.86%	49.94%	-24.80%	60.96%	32.18%	-14.86%	-11.86%	36.48%
SID Companhia Siderúrgica Nacional	-22.50%	11.11%	-59.60%	69.73%	-29.68%	-22.18%	72.67%	68.56%	-10.61%	-24.15%

Fundamentals

Market Cap TX : $7.88B SID : $1.64B
EPS TX : $2.17 SID : -$1.52
PS Ratio TX : 0.50 SID : 0.04
PB Ratio TX : 0.66 SID : 0.13
Total Revenue (TTM) TX : $15.61B SID : $44.97B
Gross Profit (TTM) TX : $2.35B SID : $12.27B
EBITDA (TTM) TX : $1.62B SID : $6.53B

Returns By Period

In the year-to-date period, TX achieves a 5.13% return, which is significantly higher than SID's -22.50% return. Over the past 10 years, TX has outperformed SID with an annualized return of 14.36%, while SID has yielded a comparatively lower -0.05% annualized return.

TX

• 1D: 4.34%
• 1M: -7.64%
• YTD: 5.13%
• 6M: 18.55%
• 1Y: 40.85%
• 3Y*: 7.51%
• 5Y*: 8.62%
• 10Y*: 14.36%

SID

• 1D: 5.08%
• 1M: -26.19%
• YTD: -22.50%
• 6M: -17.33%
• 1Y: -25.75%
• 3Y*: -20.07%
• 5Y*: -21.48%
• 10Y*: -0.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TX vs. SID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TX

TX Risk / Return Rank: 78
TX Sharpe Ratio Rank: 82
TX Sortino Ratio Rank: 76
TX Omega Ratio Rank: 74
TX Calmar Ratio Rank: 77
TX Martin Ratio Rank: 83

SID

SID Risk / Return Rank: 19
SID Sharpe Ratio Rank: 21
SID Sortino Ratio Rank: 22
SID Omega Ratio Rank: 23
SID Calmar Ratio Rank: 23
SID Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TX vs. SID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ternium S.A. (TX) and Companhia Siderúrgica Nacional (SID). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TX	SID	Difference
Sharpe ratio Return per unit of total volatility	1.33	-0.46	+1.79
Sortino ratio Return per unit of downside risk	1.86	-0.35	+2.21
Omega ratio Gain probability vs. loss probability	1.24	0.96	+0.28
Calmar ratio Return relative to maximum drawdown	1.93	-0.58	+2.51
Martin ratio Return relative to average drawdown	6.99	-1.64	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TX vs. SID - Sharpe Ratio Comparison

The current TX Sharpe Ratio is 1.33, which is higher than the SID Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of TX and SID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TX	SID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	-0.46	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	-0.41	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	-0.00	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.18	-0.03

Correlation

The correlation between TX and SID is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TX vs. SID - Dividend Comparison

TX's dividend yield for the trailing twelve months is around 6.72%, while SID has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TX Ternium S.A.	6.72%	7.07%	10.66%	6.83%	8.84%	6.66%	0.00%	5.45%	4.06%	3.17%	3.73%	7.24%
SID Companhia Siderúrgica Nacional	0.00%	0.00%	15.93%	12.83%	14.31%	8.41%	0.03%	6.89%	0.00%	0.00%	0.00%	14.30%

Drawdowns

TX vs. SID - Drawdown Comparison

The maximum TX drawdown since its inception was -89.66%, smaller than the maximum SID drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for TX and SID.

Drawdown Indicators

	TX	SID	Difference
Max Drawdown Largest peak-to-trough decline	-89.66%	-95.79%	+6.13%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	-47.64%	+26.38%
Max Drawdown (5Y) Largest decline over 5 years	-49.48%	-82.86%	+33.38%
Max Drawdown (10Y) Largest decline over 10 years	-74.94%	-82.86%	+7.92%
Current Drawdown Current decline from peak	-11.27%	-88.13%	+76.86%
Average Drawdown Average peak-to-trough decline	-31.52%	-51.41%	+19.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	16.80%	-10.92%

Volatility

TX vs. SID - Volatility Comparison

The current volatility for Ternium S.A. (TX) is 9.99%, while Companhia Siderúrgica Nacional (SID) has a volatility of 25.05%. This indicates that TX experiences smaller price fluctuations and is considered to be less risky than SID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TX	SID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.99%	25.05%	-15.06%
Volatility (6M) Calculated over the trailing 6-month period	19.83%	43.59%	-23.76%
Volatility (1Y) Calculated over the trailing 1-year period	30.84%	55.93%	-25.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.98%	53.04%	-18.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.06%	61.15%	-23.09%

Financials

TX vs. SID - Profitability Comparison

The chart below illustrates the profitability comparison between Ternium S.A. and Companhia Siderúrgica Nacional over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a gross profit of 604.00M and revenue of 3.78B. Therefore, the gross margin over that period was 16.0%.

SID - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported a gross profit of 3.60B and revenue of 11.58B. Therefore, the gross margin over that period was 31.1%.

TX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported an operating income of 159.00M and revenue of 3.78B, resulting in an operating margin of 4.2%.

SID - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported an operating income of 973.16M and revenue of 11.58B, resulting in an operating margin of 8.4%.

TX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a net income of 122.00M and revenue of 3.78B, resulting in a net margin of 3.2%.

SID - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Companhia Siderúrgica Nacional reported a net income of -1.10B and revenue of 11.58B, resulting in a net margin of -9.5%.