United States Steel Corporation (X)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	799,000	1,204,000	1,541,000	2,231,000	3,160,000	4,131,000	5,859,000	5,639,000	4,946,000	3,844,000	1,291,000	-275,000	-1,075,000	-1,494,000	-1,363,000	-716,000	-230,000	459,000	912,000	1,098,000
Revenue (ttm)	US$ in thousands	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	12,937,000	14,876,000	15,158,000	14,855,000
Operating profit margin		4.43%	6.60%	8.10%	10.99%	15.00%	18.48%	25.35%	25.81%	24.39%	22.33%	9.50%	-2.58%	-11.04%	-14.94%	-12.70%	-5.88%	-1.78%	3.09%	6.02%	7.39%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $799,000K ÷ $18,053,000K
= 4.43%

The operating profit margin of United States Steel Corp. has shown a declining trend over the past several quarters, with a decrease from 24.36% in Q1 2022 to 4.61% in Q4 2023. This indicates that the company's ability to generate profits from its core business operations has weakened significantly. The decreasing trend may be attributed to various factors such as increasing costs, pricing pressures, or declining sales volume. It is crucial for the company to closely monitor and address the underlying reasons behind this trend to improve its profitability and financial performance in the future.