United States Steel Corporation (X)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,098,000 | 1,542,000 | 3,613,000 | 4,889,000 | -500,000 |
| Revenue | US$ in thousands | 15,640,000 | 18,053,000 | 21,065,000 | 20,275,000 | 9,741,000 |
| Gross profit margin | 7.02% | 8.54% | 17.15% | 24.11% | -5.13% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,098,000K ÷ $15,640,000K
= 7.02%
The gross profit margin of United States Steel Corporation has experienced fluctuations over the past five years. As of December 31, 2020, the company reported a negative gross profit margin of -5.13%, indicating that the cost of goods sold exceeded the revenue generated from sales. However, there has been a significant improvement in the following years, with the gross profit margin increasing to 24.11% as of December 31, 2021.
In the subsequent years, the gross profit margin declined to 17.15% as of December 31, 2022, and further decreased to 8.54% by December 31, 2023. This downward trend continued into the most recent period, with the gross profit margin reaching 7.02% as of December 31, 2024.
Overall, the fluctuating nature of the gross profit margin suggests variability in the company's ability to manage its production costs and pricing strategies effectively. It would be important for United States Steel Corporation to closely monitor and potentially optimize its cost structure and pricing mechanisms to enhance profitability in the future.
Peer comparison
Dec 31, 2024