Net Profit Margin
since 2005
Calculation
United States Steel Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings (loss) attributable to United States Steel Corporation1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 11.98% | = | 100 | × | 2,524) | ÷ | 21,065) |
| Dec 31, 2021 | 20.59% | = | 100 | × | 4,174) | ÷ | 20,275) |
| Dec 31, 2020 | -11.96% | = | 100 | × | (1,165) | ÷ | 9,741) |
| Dec 31, 2019 | -4.87% | = | 100 | × | (630) | ÷ | 12,937) |
| Dec 31, 2018 | 7.86% | = | 100 | × | 1,115) | ÷ | 14,178) |
| Dec 31, 2017 | 3.16% | = | 100 | × | 387) | ÷ | 12,250) |
| Dec 31, 2016 | -4.29% | = | 100 | × | (440) | ÷ | 10,261) |
| Dec 31, 2015 | -14.19% | = | 100 | × | (1,642) | ÷ | 11,574) |
| Dec 31, 2014 | 0.58% | = | 100 | × | 102) | ÷ | 17,507) |
| Dec 31, 2013 | -9.60% | = | 100 | × | (1,672) | ÷ | 17,424) |
| Dec 31, 2012 | -0.64% | = | 100 | × | (124) | ÷ | 19,328) |
| Dec 31, 2011 | -0.27% | = | 100 | × | (53) | ÷ | 19,884) |
| Dec 31, 2010 | -2.77% | = | 100 | × | (482) | ÷ | 17,374) |
| Dec 31, 2009 | -12.68% | = | 100 | × | (1,401) | ÷ | 11,048) |
| Dec 31, 2008 | 8.89% | = | 100 | × | 2,112) | ÷ | 23,754) |
| Dec 31, 2007 | 5.21% | = | 100 | × | 879) | ÷ | 16,873) |
| Dec 31, 2006 | 8.74% | = | 100 | × | 1,374) | ÷ | 15,715) |
| Dec 31, 2005 | 6.48% | = | 100 | × | 910) | ÷ | 14,039) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin exhibits significant volatility over the analyzed period from 2005 to 2022, characterized by cyclical swings between periods of profitability and substantial losses. The margin fluctuates from a low of -14.19% to a high of 20.59%, reflecting a high sensitivity to external market conditions and operational variances.
- Initial Stability and Peak (2005–2008)
- A period of consistent profitability is observed, with margins ranging from 5.21% to 8.89%. The peak of this interval occurred in 2008, coinciding with the highest net sales recorded during the first decade of the period at 23,754 million US$.
- Period of Prolonged Instability (2009–2016)
- A sharp reversal occurred in 2009, with the net profit margin dropping to -12.68%. While slight improvements were noted between 2010 and 2012, the company remained in negative territory. A brief return to marginal profitability in 2014 (0.58%) was immediately followed by the most severe contraction in the sequence, with the margin falling to -14.19% in 2015.
- Cyclical Recovery and Relapse (2017–2020)
- Profitability returned in 2017 and 2018, with the margin reaching 7.86% in 2018. However, this recovery was short-lived, as the margin plummeted again to -4.87% in 2019 and further to -11.96% in 2020, reflecting a recurring pattern of instability.
- Recent Performance and Record Highs (2021–2022)
- The most significant expansion in profitability occurred in 2021, where the net profit margin reached an all-time high of 20.59%, driven by a substantial increase in net earnings to 4,174 million US$. Although the margin contracted to 11.98% in 2022, it remained well above the historical averages seen in previous decades.
Overall, the financial trajectory indicates a business model subject to intense volatility. The transition from chronic losses between 2009 and 2016 to record-high margins in 2021 suggests a significant shift in pricing power or cost management toward the end of the period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
United States Steel Corp., net profit margin, long-term trends, comparison to competitors
| United States Steel Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Dec 31, 2022 | 11.98% | 15.22% |
| Dec 31, 2021 | 20.59% | 18.85% |
| Dec 31, 2020 | -11.96% | 4.22% |
| Dec 31, 2019 | -4.87% | -1.66% |
| Dec 31, 2018 | 7.86% | 13.97% |
| Dec 31, 2017 | 3.16% | 11.08% |
| Dec 31, 2016 | -4.29% | -28.01% |
| Dec 31, 2015 | -14.19% | -77.07% |
| Dec 31, 2014 | 0.58% | -6.10% |
| Dec 31, 2013 | -9.60% | 12.70% |
| Dec 31, 2012 | -0.64% | 16.89% |
| Dec 31, 2011 | -0.27% | 21.84% |
| Dec 31, 2010 | -2.77% | 22.84% |
| Dec 31, 2009 | -12.68% | 18.28% |
| Dec 31, 2008 | 8.89% | -62.19% |
| Dec 31, 2007 | 5.21% | 17.57% |
| Dec 31, 2006 | 8.74% | 25.15% |
| Dec 31, 2005 | 6.48% | 23.81% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
United States Steel Corp., net profit margin, long-term trends, comparison to industry (materials)
| United States Steel Corp. | Materials | |
|---|---|---|
| Dec 31, 2022 | 11.98% | 12.31% |
| Dec 31, 2021 | 20.59% | 13.59% |
| Dec 31, 2020 | -11.96% | 8.58% |
| Dec 31, 2019 | -4.87% | 5.93% |
| Dec 31, 2018 | 7.86% | 15.85% |
| Dec 31, 2017 | 3.16% | 11.29% |
| Dec 31, 2016 | -4.29% | -4.09% |
| Dec 31, 2015 | -14.19% | -25.36% |
| Dec 31, 2014 | 0.58% | 2.79% |
| Dec 31, 2013 | -9.60% | 12.00% |
| Dec 31, 2012 | -0.64% | 13.84% |
| Dec 31, 2011 | -0.27% | 16.32% |
| Dec 31, 2010 | -2.77% | 16.25% |
| Dec 31, 2009 | -12.68% | 14.28% |
| Dec 31, 2008 | 8.89% | -25.65% |
| Dec 31, 2007 | 5.21% | 13.89% |
| Dec 31, 2006 | 8.74% | 13.78% |
| Dec 31, 2005 | 6.48% | 11.48% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).