United States Steel Corporation (X)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,108,000	987,000	1,148,000	1,518,000	1,562,000	1,868,000	2,137,000	2,744,000	3,619,000	3,263,000	4,512,000	4,345,000	3,550,000	3,726,000	1,731,000	215,000	-503,000	-1,153,000	-1,452,000	-1,254,000
Revenue (ttm)	US$ in thousands	15,640,000	16,275,000	16,853,000	17,743,000	18,053,000	18,247,000	19,019,000	20,301,000	21,065,000	22,349,000	23,110,000	21,845,000	20,275,000	17,215,000	13,591,000	10,657,000	9,741,000	10,003,000	10,732,000	12,186,000
Gross profit margin		7.08%	6.06%	6.81%	8.56%	8.65%	10.24%	11.24%	13.52%	17.18%	14.60%	19.52%	19.89%	17.51%	21.64%	12.74%	2.02%	-5.16%	-11.53%	-13.53%	-10.29%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,108,000K ÷ $15,640,000K
= 7.08%

The gross profit margin of United States Steel Corporation has exhibited a fluctuating trend over the period from March 31, 2020, to December 31, 2024. Initially, the company experienced negative gross profit margins, indicating that its cost of goods sold exceeded its revenues during that time. However, there has been a notable improvement in the gross profit margin starting from March 31, 2021, where it turned positive at 2.02%.

Subsequently, the gross profit margin displayed a positive trajectory, reaching its peak at 21.64% on September 30, 2021. This significant improvement suggests that the company effectively managed its production costs and/or increased its selling prices, resulting in a healthier margin.

Although there were slight fluctuations in the following quarters, with the gross profit margin ranging between 17.18% and 6.06% from December 31, 2021, to September 30, 2024, the margin generally remained above zero. This indicates continued profitability in the company's core operations.

On December 31, 2024, the gross profit margin stood at 7.08%, showing a moderate increase compared to the previous quarter. Overall, the improving trend in the gross profit margin reflects enhanced operational efficiency and financial performance for United States Steel Corporation during the analyzed period.