BlueScope Steel Past Earnings Performance
Past criteria checks 0/6
BlueScope Steel's earnings have been declining at an average annual rate of -27.6%, while the Metals and Mining industry saw earnings growing at 15.2% annually. Revenues have been growing at an average rate of 3.4% per year. BlueScope Steel's return on equity is 3.5%, and it has net margins of 1.7%.
Key information
-27.55%
Earnings growth rate
-25.50%
EPS growth rate
| Metals and Mining Industry Growth | 22.33% |
| Revenue growth rate | 3.41% |
| Return on equity | 3.49% |
| Net Margin | 1.73% |
| Next Earnings Update | 17 Aug 2026 |
Recent past performance updates
Recent updates
BSL: CEO Transition And Dividend Policy Will Shape Balanced Future Prospects
Analysts have made a small upward adjustment to BlueScope Steel's assessed fair value to A$30.96, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with a record date of 23 February 2026 and a payment date of 24 March 2026 (Key Developments).BSL: Takeover Talks And Cash Returns Will Support Balanced Future Prospects
Analysts have trimmed their price target on BlueScope Steel by A$0.45 to A$30.91, reflecting updated assumptions around discount rates, expectations of modest revenue growth, and slightly adjusted profit margin and P/E inputs. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with an ex date of 20 February 2026, record date of 23 February 2026, and payment date of 24 March 2026 (company announcement).BSL: Takeover Interest And Cash Returns Will Support Future Upside Potential
Analysts have kept their A$31.36 price target for BlueScope Steel broadly unchanged, with only minor tweaks to inputs such as a slightly lower discount rate and a small adjustment to the assumed future P/E multiple guiding this steady view. What's in the News BlueScope Steel received an unsolicited, non binding proposal from SGH and Steel Dynamics to acquire the company for A$13.2b on December 12, 2025, which was later revised to A$14.9b, structured as A$34 per share in cash, with SGH intending to on sell BlueScope’s North American businesses to Steel Dynamics.BSL: Takeover Bids And Special Dividend Will Support Future Upside Potential
Analysts have kept their A$31.36 price target for BlueScope Steel steady, with minor tweaks to inputs such as the discount rate and future P/E assumptions. This suggests a refined rather than a reworked view of the company’s outlook.BSL: Takeover Bids And Cash Returns Will Drive Future Upside Potential
Analysts have nudged their price target for BlueScope Steel slightly lower from A$31.66 to A$31.36, reflecting updated assumptions around revenue growth, profit margins, a marginally higher discount rate, and a modestly reduced future P/E expectation. What's in the News SGH and Steel Dynamics have put forward an unsolicited, non binding proposal to acquire BlueScope Steel for about A$8.78b, with the plan for SGH to acquire all shares and then on sell the North American business to Steel Dynamics (Reuters).BSL: Takeover Interest And Special Dividend Will Guide Future Assessment
Analysts have raised their price target for BlueScope Steel by A$0.77 to A$31.66, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News BlueScope confirmed it received an unsolicited takeover proposal valued at about US$8.78b from an investor group including SGH and Steel Dynamics, targeting Australia's largest steel producer (Reuters).BSL: Takeover Rejection And Special Dividend Will Shape Future Assessment
Analysts have raised their price target on BlueScope Steel to A$30.89 from A$28.21, citing updated assumptions around profit margin, revenue growth, discount rate and future P/E that together support a higher assessed fair value. What's in the News SGH and Steel Dynamics submitted an unsolicited, non binding proposal in December 2025 to acquire BlueScope Steel for about A$13.2b, offering A$30 per share in cash.BSL: Takeover Rejection And Higher P E Assumptions Will Shape Outlook
Analysts have lifted their price target on BlueScope Steel from A$24.83 to A$28.21, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News BlueScope Steel received an unsolicited, non binding and indicative takeover proposal valued at about A$13.2b, offering A$30 per share from a consortium led by SGH and Steel Dynamics.Does BlueScope Steel (ASX:BSL) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Infrastructure Renewal And Renewables Will Boost Global Steel Demand
As BlueScope Steel’s discount rate and future P/E remained essentially flat, analysts maintained the consensus price target at A$24.83, reflecting no material change in fair value expectations. What's in the News BlueScope Steel has extended its buyback plan duration by one year, now ending August 17, 2026.BlueScope Steel Limited (ASX:BSL) Screens Well But There Might Be A Catch
ASX:BSL 1 Year Share Price vs Fair Value Explore BlueScope Steel's Fair Values from the Community and select yours It's...
North Star Project Will Increase Capacity By 10%, Reduce Emissions, And Strengthen Future Operations
Strategic domestic product shift and U.S. investment aim to boost revenue and enhance profitability through value-added sales and integration.Revenue & Expenses Breakdown
How BlueScope Steel makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 16,611 | 287 | 4,348 | 0 |
| 30 Sep 25 | 16,453 | 181 | 4,328 | 0 |
| 30 Jun 25 | 16,294 | 74 | 4,308 | 0 |
| 31 Mar 25 | 16,362 | 308 | 4,325 | 0 |
| 31 Dec 24 | 16,429 | 542 | 4,342 | 0 |
| 30 Sep 24 | 16,742 | 673 | 4,325 | 0 |
| 30 Jun 24 | 17,055 | 805 | 4,308 | 0 |
| 31 Mar 24 | 17,233 | 825 | 4,234 | 0 |
| 31 Dec 23 | 17,410 | 844 | 4,161 | 0 |
| 30 Sep 23 | 17,808 | 924 | 4,131 | 0 |
| 30 Jun 23 | 18,207 | 1,003 | 4,101 | 0 |
| 31 Mar 23 | 18,579 | 1,383 | 4,025 | 0 |
| 31 Dec 22 | 18,951 | 1,762 | 3,948 | 0 |
| 30 Sep 22 | 18,991 | 2,285 | 3,833 | 0 |
| 30 Jun 22 | 19,030 | 2,807 | 3,718 | 0 |
| 31 Mar 22 | 17,768 | 2,654 | 3,564 | 0 |
| 31 Dec 21 | 16,507 | 2,501 | 3,410 | 0 |
| 30 Sep 21 | 14,705 | 1,842 | 3,278 | 0 |
| 30 Jun 21 | 12,902 | 1,183 | 3,146 | 0 |
| 31 Mar 21 | 12,088 | 708 | 3,110 | 0 |
| 31 Dec 20 | 11,273 | 233 | 3,074 | 0 |
| 30 Sep 20 | 11,299 | 167 | 3,089 | 0 |
| 30 Jun 20 | 11,324 | 101 | 3,103 | 0 |
| 31 Dec 19 | 12,042 | 584 | 3,105 | 0 |
| 30 Sep 19 | 12,308 | 802 | 3,093 | 0 |
| 30 Jun 19 | 12,573 | 1,021 | 3,080 | 0 |
| 31 Dec 18 | 12,478 | 1,767 | 3,060 | 0 |
| 30 Sep 18 | 12,002 | 1,681 | 3,037 | 0 |
| 30 Jun 18 | 11,526 | 1,595 | 3,015 | 0 |
| 31 Mar 18 | 11,213 | 1,207 | 2,994 | 0 |
| 31 Dec 17 | 10,900 | 818 | 2,972 | 0 |
| 30 Sep 17 | 10,726 | 761 | 2,978 | 0 |
| 30 Jun 17 | 10,552 | 704 | 2,984 | 0 |
| 31 Dec 16 | 9,763 | 698 | 2,946 | 0 |
| 30 Sep 16 | 9,426 | 627 | 2,977 | 0 |
| 30 Jun 16 | 9,088 | 556 | 3,008 | 0 |
| 31 Mar 16 | 8,921 | 296 | 3,084 | 0 |
| 31 Dec 15 | 8,639 | 238 | 3,054 | 0 |
| 30 Sep 15 | 8,590 | 186 | 3,031 | 0 |
| 30 Jun 15 | 8,540 | 134 | 3,008 | 0 |
Quality Earnings: BSL has a large one-off loss of A$394.4M impacting its last 12 months of financial results to 31st December, 2025.
Growing Profit Margin: BSL's current net profit margins (1.7%) are lower than last year (3.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BSL's earnings have declined by 27.6% per year over the past 5 years.
Accelerating Growth: BSL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BSL had negative earnings growth (-47%) over the past year, making it difficult to compare to the Metals and Mining industry average (59.9%).
Return on Equity
High ROE: BSL's Return on Equity (3.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 22:32 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BlueScope Steel Limited is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Megan Kirby-Lewis | Barrenjoey Markets Pty Limited |
| April Lowis | Barrenjoey Markets Pty Limited |