Operating Profit Margin
since 2005
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United States Steel Corp. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
United States Steel Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Earnings (loss) before interest and income taxes1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 31, 2007 | = | 100 | × | ÷ | |||
| Dec 31, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
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 financial data reveals significant volatility in operating performance over the period analyzed. Earnings before interest and income taxes exhibit pronounced fluctuations, with notable peaks and troughs. The value reached a high of 3,069 million USD at the end of 2008 but plunged sharply to a loss of 1,684 million USD in 2009, indicating a significant downturn. Recovery efforts appear inconsistent, with intermittent positive earnings interspersed with losses, culminating in a peak of 4,946 million USD in 2021, followed by a decline to 3,160 million USD in 2022.
Net sales demonstrate a generally upward trend through 2008, increasing from 14,039 million USD in 2005 to a peak of 23,754 million USD in 2008. However, this is succeeded by a steep drop in 2009 to 11,048 million USD. From 2010 to 2014, sales remain relatively subdued, consistently below 20,000 million USD, with another notable low at 9,741 million USD in 2020. This suggests periods of market or operational challenges. Increased sales are observed post-2020, with figures rising to 20,275 million USD in 2021 and 21,065 million USD in 2022, indicating a recovery phase.
The operating profit margin mirrors the volatility found in earnings and sales. The margin peaked at 12.92% in 2008 and experienced dramatic negative values in several years, notably -15.24% in 2009 and -11.04% in 2020. Several years show minimal profitability or losses, with margins around zero or negative until a strong rebound to 24.39% in 2021 and a subsequent decrease to 15.00% in 2022. These swings suggest that profitability is heavily influenced by external pressures or cost management challenges.
Overall, the data portrays a cyclical pattern typical of capital-intensive industries affected by external economic conditions. The sharp declines in 2009 and 2020 likely correspond to broader macroeconomic downturns, with corresponding impacts on sales, earnings, and profitability. The recovery periods post-2009 and post-2020 demonstrate improved operational control or market conditions fostering growth. However, persistent volatility and negative margins during several years underscore ongoing challenges in achieving stable profitability.
Comparison to Competitors
United States Steel Corp., operating profit margin, long-term trends, comparison to competitors
| United States Steel Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
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).