United States Steel Corporation (X)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 895,000 | 2,524,000 | 4,174,000 | -1,165,000 | -630,000 |
| Revenue | US$ in thousands | 18,053,000 | 21,065,000 | 20,275,000 | 9,741,000 | 12,937,000 |
| Net profit margin | 4.96% | 11.98% | 20.59% | -11.96% | -4.87% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $895,000K ÷ $18,053,000K
= 4.96%
United States Steel Corp.'s net profit margin has experienced fluctuations over the past five years.
In 2019, the company reported a negative net profit margin of -4.87%, indicating that its expenses exceeded its revenues, resulting in a loss for that year. This may have been due to various factors such as higher operating costs, lower sales, or impairment charges.
However, there was a significant improvement in 2020, with the net profit margin improving to -11.96%, but still in negative territory. Despite the improvement, the company continued to face challenges in generating profits.
The trend reversed in 2021, as the net profit margin rose to 20.59%, showing a substantial increase in profitability. This improvement can be attributed to factors such as cost-cutting measures, increased efficiencies, or higher sales volumes.
In 2022, the net profit margin further increased to 11.98%, although it was slightly lower than the previous year. This indicates that the company maintained its profitability but at a slightly lower level.
By the end of 2023, United States Steel Corp.'s net profit margin stood at 4.96%, showing a significant decline compared to the previous year. This decrease suggests that the company may have faced challenges in maintaining its profitability, which could be attributed to various internal or external factors impacting its financial performance.
Overall, United States Steel Corp.'s net profit margin has shown variability over the past five years, reflecting the company's changing financial performance and its ability to adapt to market conditions and operational challenges.
Peer comparison
Dec 31, 2023