Analysis of Revenues
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Revenues as Reported
United States Steel Corp., income statement, revenues
US$ in millions
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).
The annual revenue data reveals several important trends in the financial performance across different product categories over the five-year period.
- Semi-finished products
- There was a notable decline from 330 million USD in 2018 to 96 million USD in 2020, followed by a partial recovery to 296 million USD by 2022. This indicates volatility with a significant drop during 2019–2020, possibly reflecting market or operational challenges, before rebounding towards prior levels.
- Hot-rolled sheets
- This segment experienced a decreasing trend from 4129 million USD in 2018 to 2066 million USD in 2020, marking a substantial reduction. However, a strong recovery is observed thereafter, with revenues peaking at 6485 million USD in 2021 and slightly declining to 5827 million USD in 2022, though remaining well above the initial years.
- Cold-rolled sheets
- Revenues declined steadily from 3093 million USD in 2018 to 2266 million USD in 2020, followed by a sharp increase to 4759 million USD in 2021 and a minor decrease to 4639 million USD in 2022. The later rebound suggests improved demand or pricing conditions post-2020.
- Coated sheets
- A slight downward movement is observable between 2018 (4254 million USD) and 2020 (3894 million USD). This was succeeded by a strong upward surge reaching 6516 million USD in 2021 and continuing to 6828 million USD in 2022, indicating robust growth and possibly favorable market dynamics in recent years.
- Tubular products
- This category shows a consistent decline until 2020 (from 1243 million USD in 2018 to 661 million USD), with a moderate increase in 2021 (839 million USD) and a sharp rise in 2022 (1662 million USD), doubling compared to 2018. This signals a positive turnaround after 2020.
- All other products
- Revenues in this segment remained relatively flat from 2018 (1129 million USD) to 2019 (1120 million USD) and then dropped to 758 million USD in 2020. Subsequently, a significant increase is noted in 2021 (1538 million USD) and 2022 (1813 million USD), more than doubling the 2020 figure and exceeding the initial years.
- Total net sales by product
- The aggregate sales mirror the trends in individual categories, showing a decline from 14178 million USD in 2018 to 9741 million USD in 2020. This was followed by a remarkable recovery to 20275 million USD in 2021 and a slight increase to 21065 million USD in 2022. The overall pattern indicates a period of contraction culminating in 2020, likely linked to external or industry-wide factors, succeeded by strong growth and recovery in subsequent years.