Stock Analysis on Net
Stock Analysis on Net

United States Steel Corp. (NYSE:X)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

United States Steel Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net earnings (loss) attributable to United States Steel Corporation1 ÷ Total assets1
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 × ÷
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Dec 31, 2008 = 100 × ÷
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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., ROA, long-term trends, comparison to competitors

Microsoft Excel
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).

Comparison to Industry (Materials)

United States Steel Corp., ROA, long-term trends, comparison to industry (materials)

Microsoft Excel
United States Steel Corp. Materials
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).