United States Steel Corporation (X)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 438,000 | 392,000 | 624,000 | 1,006,000 | 1,047,000 | 1,437,000 | 1,740,000 | 2,381,000 | 3,259,000 | 4,049,000 | 5,667,000 | 5,380,000 | 4,344,000 | 3,284,000 | 764,000 | -805,000 | -1,307,000 | -1,709,000 | -1,579,000 | -924,000 |
| 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 |
| Pretax margin | 2.80% | 2.41% | 3.70% | 5.67% | 5.80% | 7.88% | 9.15% | 11.73% | 15.47% | 18.12% | 24.52% | 24.63% | 21.43% | 19.08% | 5.62% | -7.55% | -13.42% | -17.08% | -14.71% | -7.58% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $438,000K ÷ $15,640,000K
= 2.80%
United States Steel Corporation's pretax margin has shown fluctuating trends over the examined periods. The company experienced negative pretax margins in the first half of 2020, reaching a low of -17.08% in September 2020. Subsequently, there was a notable turnaround, with the pretax margin increasing to 21.43% by December 2021.
Throughout 2022 and 2023, the pretax margin exhibited relative stability, hovering between 9.15% and 24.63%. However, there was a noticeable decline in profitability towards the end of 2024, dropping to 2.41% in September and then slightly recovering to 2.80% by December 2024.
Overall, the gradual improvement in the pretax margin from 2020 to 2021 followed by a period of stability in 2022 and 2023 underscores the corporation's efforts to enhance operational efficiency and profitability. The recent dip in pretax margin in late 2024 may warrant further investigation into factors influencing the company's financial performance.
Peer comparison
Dec 31, 2024