Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
United States Steel Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | United States Steel Corp. gross profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | United States Steel Corp. operating profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | United States Steel Corp. net profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | United States Steel Corp. ROE deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | United States Steel Corp. ROA deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Gross Profit Margin
United States Steel Corp., gross profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Gross profit (loss) | 847) | 517) | 404) | 844) | 1,629) | 1,411) | 1,728) | 2,083) | 1,347) | 584) | 178) | 45) | (183) | 143) | 43) | 167) | 318) | 327) | 487) | 557) | 488) | 341) | |||||||
| Net sales | 5,008) | 4,470) | 4,338) | 5,203) | 6,290) | 5,234) | 5,622) | 5,964) | 5,025) | 3,664) | 2,562) | 2,340) | 2,091) | 2,748) | 2,824) | 3,069) | 3,545) | 3,499) | 3,691) | 3,729) | 3,609) | 3,149) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Gross profit margin1 | 13.73% | 16.72% | 20.36% | 25.11% | 29.65% | 30.07% | 28.32% | 24.35% | 15.85% | 5.86% | 1.88% | 0.48% | 1.58% | 5.51% | 6.61% | 9.41% | 11.68% | 12.80% | 13.21% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 28.81% | 30.38% | 33.76% | 36.22% | 40.49% | 41.20% | 38.59% | 36.85% | 33.01% | 27.67% | 17.91% | 11.94% | 5.94% | 3.86% | 9.01% | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Gross profit margin = 100
× (Gross profit (loss)Q2 2023
+ Gross profit (loss)Q1 2023
+ Gross profit (loss)Q4 2022
+ Gross profit (loss)Q3 2022)
÷ (Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022)
= 100 × (847 + 517 + 404 + 844)
÷ (5,008 + 4,470 + 4,338 + 5,203)
= 13.73%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | United States Steel Corp. gross profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Operating Profit Margin
United States Steel Corp., operating profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Earnings (loss) before interest and income taxes | 564) | 189) | 174) | 614) | 1,254) | 1,118) | 1,145) | 2,342) | 1,034) | 425) | 43) | (211) | (532) | (375) | (376) | (80) | 115) | 111) | 313) | 373) | 301) | 137) | |||||||
| Net sales | 5,008) | 4,470) | 4,338) | 5,203) | 6,290) | 5,234) | 5,622) | 5,964) | 5,025) | 3,664) | 2,562) | 2,340) | 2,091) | 2,748) | 2,824) | 3,069) | 3,545) | 3,499) | 3,691) | 3,729) | 3,609) | 3,149) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | 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% | 3.33% | 6.31% | 7.56% | 7.93% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 25.14% | 27.03% | 30.89% | 33.69% | 38.37% | 39.20% | 36.62% | 36.69% | 32.66% | 27.34% | 17.16% | 11.04% | 4.53% | 2.22% | 7.58% | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Operating profit margin = 100
× (Earnings (loss) before interest and income taxesQ2 2023
+ Earnings (loss) before interest and income taxesQ1 2023
+ Earnings (loss) before interest and income taxesQ4 2022
+ Earnings (loss) before interest and income taxesQ3 2022)
÷ (Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022)
= 100 × (564 + 189 + 174 + 614)
÷ (5,008 + 4,470 + 4,338 + 5,203)
= 8.10%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | United States Steel Corp. operating profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Net Profit Margin
United States Steel Corp., net profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net earnings (loss) attributable to United States Steel Corporation | 477) | 199) | 174) | 490) | 978) | 882) | 1,069) | 2,002) | 1,012) | 91) | 49) | (234) | (589) | (391) | (668) | (84) | 68) | 54) | 592) | 291) | 214) | 18) | |||||||
| Net sales | 5,008) | 4,470) | 4,338) | 5,203) | 6,290) | 5,234) | 5,622) | 5,964) | 5,025) | 3,664) | 2,562) | 2,340) | 2,091) | 2,748) | 2,824) | 3,069) | 3,545) | 3,499) | 3,691) | 3,729) | 3,609) | 3,149) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | 7.05% | 9.07% | 11.98% | 15.30% | 21.34% | 22.73% | 20.59% | 18.32% | 6.75% | -6.41% | -11.96% | -18.81% | -16.14% | -8.82% | -4.87% | 4.56% | 6.95% | 7.92% | 7.86% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 9.63% | 12.07% | 15.22% | 16.72% | 20.08% | 20.79% | 18.85% | 18.45% | 14.98% | 11.13% | 4.22% | -0.73% | -4.92% | -5.68% | -1.66% | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Net profit margin = 100
× (Net earnings (loss) attributable to United States Steel CorporationQ2 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ1 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ4 2022
+ Net earnings (loss) attributable to United States Steel CorporationQ3 2022)
÷ (Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022)
= 100 × (477 + 199 + 174 + 490)
÷ (5,008 + 4,470 + 4,338 + 5,203)
= 7.05%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | United States Steel Corp. net profit margin ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Return on Equity (ROE)
United States Steel Corp., ROE calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net earnings (loss) attributable to United States Steel Corporation | 477) | 199) | 174) | 490) | 978) | 882) | 1,069) | 2,002) | 1,012) | 91) | 49) | (234) | (589) | (391) | (668) | (84) | 68) | 54) | 592) | 291) | 214) | 18) | |||||||
| Total United States Steel Corporation stockholders’ equity | 10,725) | 10,302) | 10,218) | 10,437) | 10,198) | 9,698) | 9,010) | 7,916) | 5,851) | 4,627) | 3,786) | 3,449) | 3,617) | 3,725) | 4,092) | 4,199) | 4,311) | 4,235) | 4,202) | 3,941) | 3,605) | 3,438) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | 12.49% | 17.87% | 24.70% | 32.76% | 48.35% | 51.20% | 46.33% | 39.84% | 15.69% | -14.76% | -30.77% | -54.57% | -47.88% | -28.86% | -15.40% | 15.00% | 23.31% | 27.18% | 26.53% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 13.00% | 16.22% | 22.30% | 25.93% | 32.72% | 34.41% | 30.80% | 29.27% | 23.63% | 16.56% | 5.89% | -1.08% | -7.10% | -8.59% | -2.57% | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
ROE = 100
× (Net earnings (loss) attributable to United States Steel CorporationQ2 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ1 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ4 2022
+ Net earnings (loss) attributable to United States Steel CorporationQ3 2022)
÷ Total United States Steel Corporation stockholders’ equity
= 100 × (477 + 199 + 174 + 490)
÷ 10,725 = 12.49%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | United States Steel Corp. ROE deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Return on Assets (ROA)
United States Steel Corp., ROA calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net earnings (loss) attributable to United States Steel Corporation | 477) | 199) | 174) | 490) | 978) | 882) | 1,069) | 2,002) | 1,012) | 91) | 49) | (234) | (589) | (391) | (668) | (84) | 68) | 54) | 592) | 291) | 214) | 18) | |||||||
| Total assets | 20,309) | 19,540) | 19,458) | 19,958) | 19,858) | 19,224) | 17,816) | 17,333) | 16,084) | 14,689) | 12,059) | 11,731) | 12,551) | 12,366) | 11,608) | 10,917) | 11,291) | 11,152) | 10,982) | 10,569) | 10,058) | 10,026) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | 6.60% | 9.42% | 12.97% | 17.13% | 24.83% | 25.83% | 23.43% | 18.20% | 5.71% | -4.65% | -9.66% | -16.04% | -13.80% | -8.69% | -5.43% | 5.77% | 8.90% | 10.32% | 10.15% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 4.14% | 5.12% | 6.79% | 7.77% | 9.72% | 10.47% | 8.97% | 8.33% | 6.25% | 4.14% | 1.42% | -0.24% | -1.58% | -1.89% | -0.59% | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
ROA = 100
× (Net earnings (loss) attributable to United States Steel CorporationQ2 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ1 2023
+ Net earnings (loss) attributable to United States Steel CorporationQ4 2022
+ Net earnings (loss) attributable to United States Steel CorporationQ3 2022)
÷ Total assets
= 100 × (477 + 199 + 174 + 490)
÷ 20,309 = 6.60%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | United States Steel Corp. ROA deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |