Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
United States Steel Corp., profitability ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| 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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | United States Steel Corp. operating profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | United States Steel Corp. net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | United States Steel Corp. ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | United States Steel Corp. ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Gross Profit Margin
United States Steel Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 4,288) | 5,742) | 183) | 855) | 1,873) | |
| Net sales | 21,065) | 20,275) | 9,741) | 12,937) | 14,178) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 20.36% | 28.32% | 1.88% | 6.61% | 13.21% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 33.76% | 38.59% | 17.91% | 9.01% | — | |
| Newmont Corp. | 19.65% | 21.42% | 33.20% | 23.67% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 4,288 ÷ 21,065 = 20.36%
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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Operating Profit Margin
United States Steel Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before interest and income taxes | 3,160) | 4,946) | (1,075) | (230) | 1,124) | |
| Net sales | 21,065) | 20,275) | 9,741) | 12,937) | 14,178) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 15.00% | 24.39% | -11.04% | -1.78% | 7.93% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 30.89% | 36.62% | 17.16% | 7.58% | — | |
| Newmont Corp. | 1.70% | 10.28% | 24.41% | 13.11% | — | |
| Operating Profit Margin, Sector | ||||||
| Metals & Mining | 20.87% | 27.44% | 20.40% | 9.81% | — | |
| Operating Profit Margin, Industry | ||||||
| Materials | 18.53% | 22.18% | 16.18% | 10.12% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Operating profit margin = 100 × Earnings (loss) before interest and income taxes ÷ Net sales
= 100 × 3,160 ÷ 21,065 = 15.00%
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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Net Profit Margin
United States Steel Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to United States Steel Corporation | 2,524) | 4,174) | (1,165) | (630) | 1,115) | |
| Net sales | 21,065) | 20,275) | 9,741) | 12,937) | 14,178) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 11.98% | 20.59% | -11.96% | -4.87% | 7.86% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 15.22% | 18.85% | 4.22% | -1.66% | — | |
| Newmont Corp. | -3.60% | 9.54% | 24.61% | 28.80% | — | |
| Net Profit Margin, Sector | ||||||
| Metals & Mining | 8.76% | 15.60% | 13.34% | 10.63% | — | |
| Net Profit Margin, Industry | ||||||
| Materials | 10.56% | 14.12% | 11.20% | 9.26% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net profit margin = 100 × Net earnings (loss) attributable to United States Steel Corporation ÷ Net sales
= 100 × 2,524 ÷ 21,065 = 11.98%
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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Return on Equity (ROE)
United States Steel Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to United States Steel Corporation | 2,524) | 4,174) | (1,165) | (630) | 1,115) | |
| Total United States Steel Corporation stockholders’ equity | 10,218) | 9,010) | 3,786) | 4,092) | 4,202) | |
| Profitability Ratio | ||||||
| ROE1 | 24.70% | 46.33% | -30.77% | -15.40% | 26.53% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 22.30% | 30.80% | 5.89% | -2.57% | — | |
| Newmont Corp. | -2.22% | 5.29% | 12.30% | 13.10% | — | |
| ROE, Sector | ||||||
| Metals & Mining | 8.71% | 15.20% | 10.33% | 8.35% | — | |
| ROE, Industry | ||||||
| Materials | 9.59% | 11.62% | 7.37% | 6.08% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROE = 100 × Net earnings (loss) attributable to United States Steel Corporation ÷ Total United States Steel Corporation stockholders’ equity
= 100 × 2,524 ÷ 10,218 = 24.70%
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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Return on Assets (ROA)
United States Steel Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to United States Steel Corporation | 2,524) | 4,174) | (1,165) | (630) | 1,115) | |
| Total assets | 19,458) | 17,816) | 12,059) | 11,608) | 10,982) | |
| Profitability Ratio | ||||||
| ROA1 | 12.97% | 23.43% | -9.66% | -5.43% | 10.15% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Freeport-McMoRan Inc. | 6.79% | 8.97% | 1.42% | -0.59% | — | |
| Newmont Corp. | -1.11% | 2.87% | 6.84% | 7.02% | — | |
| ROA, Sector | ||||||
| Metals & Mining | 3.39% | 6.18% | 4.10% | 3.18% | — | |
| ROA, Industry | ||||||
| Materials | 4.25% | 5.46% | 3.45% | 2.90% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROA = 100 × Net earnings (loss) attributable to United States Steel Corporation ÷ Total assets
= 100 × 2,524 ÷ 19,458 = 12.97%
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 improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |