United States Steel Corporation (X)

Operating 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
Operating income (ttm)	US$ in thousands	240,000	152,000	381,000	764,000	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
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
Operating profit margin		1.53%	0.93%	2.26%	4.31%	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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $240,000K ÷ $15,640,000K
= 1.53%

The operating profit margin of United States Steel Corporation has exhibited a notable fluctuation over the reported periods. Starting from a negative trend in the first three quarters of 2020, indicating operating losses, the margin improved slightly by the end of December 2020 but remained negative. Subsequently, in the first quarter of 2021, the company managed to reduce its operating losses significantly, with the margin improving to -2.58%.

Significant progress was observed in the following quarters, with the operating profit margin turning positive in the second quarter of 2021 at 9.50% and then steadily increasing to 25.35% by June 30, 2022. This positive trend was maintained through the third quarter of 2022, recording a margin of 18.48%.

However, a slight decline was noted in the last quarter of 2022, reaching 15.00%. The trend continued in 2023, with the operating profit margin gradually decreasing quarter by quarter, falling to 4.43% by the end of December. This decrease continued in the first two quarters of 2024, with margins dropping to 2.26% and 0.93%, respectively.

Nonetheless, there was a slight improvement in the operating profit margin by the end of 2024, inching up to 1.53%. The fluctuation in the operating profit margin suggests that United States Steel Corporation has experienced periods of both profitability and losses, highlighting the volatility and challenges within the industry during the reported periods.