United States Steel Profit Margin 2010-2023 | X (2024)

FAQs

What is the gross profit margin for U.S. Steel? ›

United States Steel Gross Profit Margin (Quarterly): 7.07% for Dec. 31, 2023.

Over the last decade, global steel industry EBITDA margins have averaged eight to ten percent, which is below the margin of 15 to 17 percent necessary for long-term sustainability.

This compares to full-year 2022 net earnings of $2,524 million, or $9.16 per diluted share, and adjusted net earnings for 2022 were $2,785 million, or $10.06 per diluted share.

Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. United States Steel net profit margin as of December 31, 2023 is 4.89%.

An NYU report on U.S. margins revealed the average net profit margin is 7.71% across different industries. But that doesn't mean your ideal profit margin will align with this number. As a rule of thumb, 5% is a low margin, 10% is a healthy margin, and 20% is a high margin.

Rolling margin of steel is calculated by taking samples of different diameter of bars and comparing them with the theoretical or standard weight of the bar. 2. When steel has arrived at the site, the sample of length (W1) is taken, the length of the sample is kept as 1m (meter).

Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in 1859.

P/E ratio as of April 2024 (TTM): 7.32

According to U.S. Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.31693. At the end of 2022 the company had a P/E ratio of 2.51.

Total debt on the balance sheet as of December 2023 : $4.33 B. According to U.S. Steel 's latest financial reports the company's total debt is $4.33 B. A company's total debt is the sum of all current and non-current debts.

Who is the largest producer of steel in the US? ›

Nucor Corporation

It is currently the largest steel producer in the United States, with a total asset value of up to 32.479 billion USD. At present, Nucor operates 23 manufacturing plants and, in 2022, the company produced 20.50 million tons of various steel types.

U.S. Steel will keep its name and its headquarters in Pittsburgh, where it was founded in 1901 by J.P. Morgan, Andrew Carnegie. It will become a subsidiary of Nippon. China and Chinese companies have come to dominate global steel production.

National Steel net profit margin as of December 31, 2023 is 0.76%.

Despite its status as an iconic American corporation, U.S. Steel struggled to maintain its dominant position in the market, slipping below other domestic competitors while failing to innovate. The slow decline of the company ultimately led to it pursuing a sale of itself to a competitor.

Cumulatively, the top 10 steel companies in the world generated revenue of $396,431 million, with average revenue growth of 32.7%, where the highest revenue was generated by ArcelorMittal SA ($76,571 million), followed by POSCO Holdings Inc ($66,718 million), while the lowest increases were registered by Angang Steel ...

United States Steel annual revenue for 2023 was $18.053B, a 14.3% decline from 2022. United States Steel annual revenue for 2022 was $21.065B, a 3.9% increase from 2021.

However, as a general guideline, a good profit margin for manufacturing companies typically falls within the range of 10% to 20%. It's important to note that a company's profit margins can vary significantly across different manufacturing sectors and business models.

A gross profit margin of over 50% is healthy for most businesses. In some industries and business models, a gross margin of up to 90% can be achieved. Gross margins of less than 30% can be dangerous for businesses with high gross costs.