United States Steel Corporation (X)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 438,000 | 1,047,000 | 3,259,000 | 4,344,000 | -1,307,000 |
| Revenue | US$ in thousands | 15,640,000 | 18,053,000 | 21,065,000 | 20,275,000 | 9,741,000 |
| Pretax margin | 2.80% | 5.80% | 15.47% | 21.43% | -13.42% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $438,000K ÷ $15,640,000K
= 2.80%
The pretax margin of United States Steel Corporation has exhibited fluctuations over the years based on the provided data.
In December 31, 2020, the pretax margin was at -13.42%, indicating that the company was operating at a loss before accounting for taxes. However, by December 31, 2021, the pretax margin significantly improved to 21.43%, reflecting a strong performance and profitability.
Subsequently, the pretax margin decreased in the following years, standing at 15.47% on December 31, 2022, and further declining to 5.80% by December 31, 2023. This downward trend may suggest challenges or changes in the company's cost structure and revenue generation during those periods.
By December 31, 2024, the pretax margin dropped even further to 2.80%, indicating a significant decline in profitability compared to the previous years. This could be a signal for the company to reassess its operations and cost management strategies to enhance its financial performance moving forward.
Peer comparison
Dec 31, 2024