Modeling sheet metal forming operations requires understanding of plastic behaviors of sheet metals along non-proportional strain paths. The plastic behavior under reversed uniaxial loading is of particular interest because of its simplicity of interpretation and its application to material elements drawn over a die radius and underwent repeated bending. However, the attainable strain is limited by failures, such as buckling and in-plane deformation, dependent on clearances and side forces. In this study, a finite element (FE) model was established for the compression process of sheet specimens, to probe the deformation behavior. The results show that: With the decrease of the clearance from a very large value to a very small value, four defects modes, including plastic t-buckling, micro-bending, w-buckling, and in-plane compression deformation will occur. With the increase of the side force from a very small value to a very large value, plastic t-buckling, w-buckling, uniform deformation, and in-plane compression will occur. The difference in deformation behaviors under these two parameters indicates that the successful compression process without failures for sheet specimens only can be carried out under a reasonable side force.