United States Steel Corporation (X)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,047,000 | 3,259,000 | 4,344,000 | -1,307,000 | -452,000 |
| Revenue | US$ in thousands | 18,053,000 | 21,065,000 | 20,275,000 | 9,741,000 | 12,937,000 |
| Pretax margin | 5.80% | 15.47% | 21.43% | -13.42% | -3.49% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,047,000K ÷ $18,053,000K
= 5.80%
United States Steel Corp.'s pretax margin has displayed significant fluctuation over the past five years. The pretax margin stood at 5.80% at the end of 2023, showing a decrease from 15.47% in 2022 and a substantial decline from 21.43% in 2021. In 2020, the company reported a negative pretax margin of -13.42%, indicating a loss before taxes, while in 2019, the pretax margin was also negative at -3.49%.
The downward trend in the pretax margin from 2021 to 2023 suggests a decline in profitability before taxes for United States Steel Corp. Factors that could have contributed to this trend include changes in operating expenses, fluctuations in revenue, or the impact of external economic conditions on the company's financial performance.
It is important for stakeholders to closely monitor the company's pretax margin trends to assess its operational efficiency and overall financial health. Further analysis of the underlying factors driving the fluctuations in the pretax margin will be crucial in understanding the company's performance and making informed investment decisions.
Peer comparison
Dec 31, 2023