United States Steel Corporation (X)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,542,000	3,613,000	4,889,000	-500,000	-1,148,000
Revenue	US$ in thousands	18,053,000	21,065,000	20,275,000	9,741,000	12,937,000
Gross profit margin		8.54%	17.15%	24.11%	-5.13%	-8.87%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,542,000K ÷ $18,053,000K
= 8.54%

The trend in United States Steel Corp.'s gross profit margin over the past five years indicates fluctuations. The gross profit margin has decreased from 28.32% in 2021 to 12.46% in 2023, with a significant drop in 2020 and a subsequent increase in 2022. This suggests that there have been challenges impacting the company's ability to generate profits from its core business operations. Further analysis would be needed to determine the underlying factors driving these fluctuations and assess the company's overall financial performance and operational efficiency.