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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
ROA | = | 100 | × | Net earnings (loss) attributable to United States Steel Corporation1 | ÷ | Total assets1 | |
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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 analysis of the annual financial data reveals a fluctuating pattern in the net earnings and return on assets (ROA) over the observed periods. Net earnings exhibit significant volatility, with notable positive peaks in years such as 2008, 2006, 2021, and 2022, contrasted by substantial losses in years like 2009, 2013, 2015, and 2020. This volatility suggests sensitivity to external economic conditions or industry-specific challenges.
Total assets show a general increasing trend from 2005 through 2022, growing from $9.8 billion to nearly $19.5 billion, despite some fluctuations and a dip around 2014-2015. This overall expansion indicates progressive asset accumulation or investment over time, potentially aimed at capacity growth or modernization.
- Net Earnings (Loss) Attributable to the Company
- The net earnings demonstrate pronounced variability with multiple significant swings between profits and losses. The highest recorded net income is observed in 2021 at $4.174 billion, followed by a strong figure in 2022 at $2.524 billion. Conversely, the years 2009 and 2015 saw considerable losses of -$1.401 billion and -$1.642 billion, respectively. The pattern reflects cyclical impacts, with some recoveries post downturns but also recurrent negative pressure on profitability.
- Total Assets
- Total assets increased overall from 2005, starting at $9.822 billion and reaching $19.458 billion in 2022. Noteworthy is a contraction phase between 2013 and 2015, where assets declined from approximately $13.1 billion to about $9.2 billion, possibly indicating divestitures or impairments. Subsequent years show asset growth resuming, suggesting strategic reinvestments or acquisitions.
- Return on Assets (ROA)
- The ROA closely mirrors the trends in net earnings, with high positive values such as 13.13% in 2008 and 23.43% in 2021, indicating periods of effective asset utilization. Alternatively, negative ROA values occur in years of losses, reaching lows near -17.87% in 2015. The data illustrates overall instability in profitability per asset dollar, underscoring operational and market challenges influencing the company's efficiency.
In summary, the financial trends suggest a company experiencing wide-ranging profitability swings alongside a general growth in asset base. The erratic pattern of net earnings and ROA points to the impact of external factors, possibly including commodity price volatility, economic cycles, and operational restructuring. Asset growth implies ongoing investment, yet intermittent declines signal periods of financial stress or strategic realignment.
Comparison to Competitors
United States Steel Corp. | Freeport-McMoRan Inc. | |
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Dec 31, 2022 | ||
Dec 31, 2021 | ||
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Dec 31, 2019 | ||
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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).
Comparison to Industry (Materials)
United States Steel Corp. | Materials | |
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Dec 31, 2022 | ||
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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).