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United States Steel Corporation Income Statement 2024-2006 | X
Brief overview of profit and loss at United States Steel Corporation
This overview is based on financial performance over the past five years. Revenue at United States Steel Corporation moved from $12.9 billion in 2019 to $15.6 billion in 2024. Overall revenue changed by +20.9%, equal to an annualized rate of about 3.9%. Revenue was effectively stagnant over the period.
Gross profit changed from $855 million to $1.6 billion (+84.8%). Revenue and direct costs changed at similar rates. Gross profit as a share of revenue changed from 6.6% to 10.1%. A wider margin shows that the economics of the core business improved.
The five-year EBITDA result moved by +98.5%: from $581 million to $1.2 billion. EBITDA expanded faster than the top line. EBITDA margin moved from 4.5% to 7.4%. The business generated more EBITDA from each unit of revenue.
The final result was −630 million dollars initially and 384 million dollars in the final year. The return to profit marks a meaningful recovery in the final result.
Financial takeaway
The results present an uneven picture without one dominant signal. The strongest signals are a stronger gross margin, higher operating efficiency and improving net profitability. The main areas of concern are limited revenue growth. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement United States Steel Corporation
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | - | - | 1.61 B | 3.92 B | 6.75 B | 5.17 B | 1.02 B | 3.55 B | 3.79 B | 3.22 B | 4.14 B | - | - | - | - | - |
Shares |
- | - | - | - | - | 171 M | 177 M | 175 M | 157 M | 146 M | 145 M | 145 M | 144 M | 144 M | 144 M | 143 M | 116 M | 118 M | 118 M |
Historical Prices |
30.2 | 23.7 | 16.7 | 11.3 | 17.8 | 34.1 | 31.7 | 7.55 | 25.1 | 27.4 | 22 | 24.2 | |||||||
Net Income |
384 M | 895 M | 2.52 B | 4.17 B | -1.16 B | -630 M | 1.12 B | 387 M | -440 M | -1.64 B | 102 M | -1.67 B | -124 M | -53 M | -482 M | -1.4 B | 2.11 B | 879 M | 1.37 B |
Revenue |
15.6 B | 18.1 B | 21.1 B | 20.3 B | 9.74 B | 12.9 B | 14.2 B | 12.2 B | 10.3 B | 11.6 B | 17.5 B | 17.4 B | 19.3 B | 19.9 B | 17.4 B | 11 B | 23.8 B | 16.9 B | 15.7 B |
Cost of Revenue |
14.1 B | 15.8 B | 16.8 B | 14.5 B | 9.56 B | 12.1 B | 12.3 B | 10.9 B | 9.61 B | 11.1 B | 15.5 B | 16 B | 17.6 B | 18.3 B | 16.3 B | 11.6 B | 19.7 B | 14.6 B | - |
Gross Profit |
- | - | - | - | - | 855 M | 1.87 B | 1.39 B | 638 M | 433 M | 2.05 B | 1.41 B | 1.7 B | 1.56 B | - | - | - | - | - |
Operating Income |
240 M | 799 M | 3.16 B | 4.95 B | -1.08 B | -230 M | 1.12 B | 669 M | -201 M | -1.2 B | 413 M | -1.9 B | 247 M | 265 M | -111 M | -1.68 B | 3.07 B | 1.21 B | 1.78 B |
Interest Expense |
24 M | 72 M | 159 M | 313 M | 280 M | 142 M | 168 M | 226 M | 230 M | 214 M | 234 M | 266 M | 214 M | 190 M | 195 M | 159 M | 169 M | 152 M | - |
EBITDA |
1.15 B | 1.72 B | 3.95 B | 5.74 B | -432 M | 581 M | 1.54 B | 1.02 B | 385 M | 19 M | 1.54 B | 798 M | 1.06 B | 836 M | 547 M | -1.02 B | 3.67 B | 1.21 B | 1.78 B |
Operating Expenses |
- | - | - | - | - | 890 M | 854 M | 868 M | 760 M | 961 M | 1.14 B | 1.29 B | 1.3 B | 1.4 B | - | - | - | - | - |
General and Administrative Expenses |
435 M | 501 M | 422 M | 426 M | 277 M | 289 M | 336 M | 375 M | 255 M | 415 M | 523 M | 610 M | 654 M | 733 M | 610 M | 618 M | 625 M | 589 M | - |
All numbers in USD currency
Quarterly Income Statement United States Steel Corporation
| 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 144 M | 144 M | - | 143 M | 135 M |
Net Income |
-116 M | 119 M | 183 M | 171 M | 299 M | 477 M | 199 M | - | 490 M | 978 M | 882 M | - | 2 B | 1.01 B | 91 M | - | -234 M | -589 M | -391 M | - | -84 M | 68 M | 54 M | - | 291 M | 214 M | 18 M | - | 147 M | 261 M | -180 M | - | 51 M | -46 M | -340 M | - | -173 M | -261 M | -75 M | - | -207 M | -18 M | 52 M | - | -1.79 B | -78 M | -73 M | - | 44 M | 101 M | -219 M | - | 22 M | 222 M | -86 M | -51 M | -25 M | -157 M | -303 M | -392 M |
Revenue |
3.73 B | 3.85 B | 4.12 B | 4.16 B | 4.43 B | 5.01 B | 4.47 B | - | 5.2 B | 6.29 B | 5.23 B | - | 5.96 B | 5.02 B | 3.66 B | - | 2.34 B | 2.09 B | 2.75 B | - | 3.07 B | 3.54 B | 3.5 B | - | 3.35 B | 3.24 B | 2.82 B | - | 2.98 B | 2.79 B | 2.41 B | - | 2.37 B | 2.32 B | 2.03 B | - | 2.45 B | 2.51 B | 2.95 B | - | 4.28 B | 4.13 B | 4.17 B | - | 3.86 B | 4.12 B | 4.32 B | - | 4.31 B | 4.7 B | 4.83 B | - | 4.77 B | 4.78 B | 4.56 B | 4.5 B | 4.68 B | 3.9 B | 2.82 B | 2.13 B |
Cost of Revenue |
3.49 B | 3.45 B | 3.63 B | 3.66 B | 3.84 B | 4.16 B | 3.95 B | - | 4.36 B | 4.66 B | 3.82 B | - | 3.88 B | 3.68 B | 3.07 B | - | 2.3 B | 2.27 B | 2.6 B | - | 2.9 B | 3.23 B | 3.17 B | - | 3.17 B | 3.12 B | 2.81 B | - | 2.83 B | 2.72 B | 2.56 B | - | 2.36 B | 2.4 B | 2.44 B | - | 2.65 B | 2.79 B | 3.07 B | - | 3.85 B | 4.1 B | 4.04 B | - | 3.75 B | 4.11 B | 4.24 B | - | 4.32 B | 4.48 B | 4.63 B | - | 4.56 B | 4.5 B | 4.62 B | 4.32 B | 4.18 B | 3.64 B | 2.9 B | 2.34 B |
Operating Income |
-122 M | 48 M | 181 M | 154 M | 277 M | 564 M | 189 M | - | 614 M | 1.25 B | 1.12 B | - | 2.34 B | 1.03 B | 425 M | - | -211 M | -532 M | -375 M | - | -80 M | 115 M | 111 M | - | 373 M | 301 M | 137 M | - | 260 M | 327 M | -80 M | - | 132 M | 28 M | -261 M | - | -170 M | -392 M | -187 M | - | -141 M | 35 M | 122 M | - | -1.7 B | -7 M | 38 M | - | 62 M | 253 M | -73 M | - | 199 M | 300 M | -91 M | -138 M | 198 M | -57 M | -412 M | -465 M |
Interest Expense |
45 M | 5 M | 2 M | 2 M | 16 M | 20 M | 27 M | - | 38 M | 39 M | 50 M | - | 75 M | 84 M | 92 M | - | 84 M | 64 M | 50 M | - | 32 M | 31 M | 34 M | - | 41 M | 43 M | 50 M | - | 60 M | 55 M | 58 M | - | 58 M | 60 M | 53 M | - | 56 M | 53 M | 51 M | - | 57 M | 60 M | 61 M | - | 61 M | 58 M | 85 M | - | 45 M | 66 M | 49 M | - | 47 M | 48 M | 50 M | 50 M | 52 M | 43 M | 42 M | 38 M |
EBITDA |
127 M | 283 M | 398 M | 364 M | 507 M | 788 M | 410 M | - | 812 M | 1.45 B | 1.32 B | - | 2.54 B | 1.24 B | 614 M | - | -49 M | -373 M | -215 M | - | 81 M | 265 M | 254 M | - | 499 M | 431 M | 265 M | - | 378 M | 448 M | 57 M | - | 258 M | 157 M | -132 M | - | -34 M | -254 M | -43 M | - | 17 M | 200 M | 288 M | - | -1.53 B | 163 M | 209 M | - | 225 M | 417 M | 90 M | - | 371 M | 471 M | 78 M | -138 M | 198 M | -57 M | -412 M | -465 M |
General and Administrative Expenses |
120 M | 104 M | 105 M | 119 M | 118 M | 103 M | 99 M | - | 95 M | 112 M | 117 M | - | 108 M | 106 M | 102 M | - | 65 M | 62 M | 72 M | - | 63 M | 82 M | 78 M | - | 81 M | 92 M | 78 M | - | 75 M | 67 M | 81 M | - | 73 M | 64 M | 69 M | - | 99 M | 107 M | 102 M | - | 125 M | 143 M | 138 M | - | 153 M | 151 M | 145 M | - | 159 M | 165 M | 173 M | - | 181 M | 189 M | 180 M | 148 M | 152 M | 148 M | 163 M | 154 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company United States Steel Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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