United States Steel (X) Financials

$41.16 -0.46 (-1.11%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for United States Steel

This table shows United States Steel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	384	895	2,524	4,174	-1,165	-630	1,115	387	-440	-1,642
Consolidated Net Income / (Loss)	384	895	2,524	4,174	-1,165	-630	1,115	387	-440	-1,642
Net Income / (Loss) Continuing Operations	384	895	2,524	4,174	-1,165	-630	1,115	387	-440	-1,642
Total Pre-Tax Income	438	1,047	3,259	4,344	-1,307	-452	812	301	-416	-1,459
Total Operating Income	240	799	3,160	4,946	-1,075	-230	1,124	669	-201	-1,202
Total Gross Profit	1,580	2,250	4,288	5,742	186	855	1,873	1,392	-8,392	433
Total Revenue	15,640	18,053	21,065	20,275	9,741	12,937	14,178	12,250	1,216	11,574
Operating Revenue	15,640	18,053	21,065	20,275	9,741	12,937	14,178	12,250	1,216	11,574
Total Cost of Revenue	14,060	15,803	16,777	14,533	9,555	12,082	12,305	10,858	9,608	11,141
Operating Cost of Revenue	14,060	15,803	16,777	14,533	9,555	12,082	12,305	10,858	9,608	11,141
Total Operating Expenses	1,340	1,451	1,128	796	1,261	1,176	749	723	-8,191	1,635
Selling, General & Admin Expense	435	501	422	426	277	289	336	320	306	415
Depreciation Expense	913	916	791	791	643	616	521	501	507	547
Other Operating Expenses / (Income)	-35	-131	-296	-35	89	-3.00	-102	-6.00	-9,047	-1.00
Impairment Charge	19	129	163	273	263	0.00	0.00	-	14	0.00
Restructuring Charge	8.00	36	48	128	138	275	0.00	31	122	322
Total Other Income / (Expense), net	198	248	99	-602	-232	-131	-312	-368	-215	-257
Interest Expense	26	72	159	605	280	142	266	280	252	250
Interest & Investment Income	253	338	290	4.00	32	17	23	17	5.00	3.00
Other Income / (Expense), net	-29	-18	-32	-1.00	16	-6.00	-69	-105	32	-10
Income Tax Expense	54	152	735	170	-142	178	-303	-86	24	183
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Basic Earnings per Share	$1.71	$3.98	$10.22	$15.77	($5.92)	($3.67)	$6.31	$2.21	($2.81)	($11.24)
Weighted Average Basic Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	174.79M	156.67M	146.09M
Diluted Earnings per Share	$1.57	$3.56	$9.16	$14.88	($5.92)	($3.67)	$6.25	$2.19	($2.81)	($11.24)
Weighted Average Diluted Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	174.79M	156.67M	146.09M
Weighted Average Basic & Diluted Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	174.79M	156.67M	146.09M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.08	$0.04	$0.20	$0.20	$0.20	$0.20	$0.20

This table shows United States Steel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-116	-89	119	183	171	-80	299	477	199	174	490
Consolidated Net Income / (Loss)	-116	-89	119	183	171	-80	299	477	199	174	490
Net Income / (Loss) Continuing Operations	-116	-89	119	183	171	-80	299	477	199	174	490
Total Pre-Tax Income	-147	-119	109	239	209	-165	341	621	250	225	644
Total Operating Income	-122	-143	48	181	154	-231	277	564	189	174	614
Total Gross Profit	234	191	405	489	495	293	593	847	517	404	844
Total Revenue	3,727	3,509	3,853	4,118	4,160	4,144	4,431	5,008	4,470	4,338	5,203
Operating Revenue	3,727	3,509	3,853	4,118	4,160	4,144	4,431	5,008	4,470	4,338	5,203
Total Cost of Revenue	3,493	3,318	3,448	3,629	3,665	3,851	3,838	4,161	3,953	3,934	4,359
Operating Cost of Revenue	3,493	3,318	3,448	3,629	3,665	3,851	3,838	4,161	3,953	3,934	4,359
Total Operating Expenses	356	355	348	300	337	560	310	275	306	230	230
Selling, General & Admin Expense	120	107	104	105	119	181	118	103	99	98	95
Depreciation Expense	249	251	235	217	210	241	230	224	221	197	198
Other Operating Expenses / (Income)	-13	-21	13	-26	-1.00	-114	1.00	-8.00	-10	-64	-86
Impairment Charge	0.00	-	0.00	12	7.00	125	0.00	0.00	4.00	6.00	0.00
Restructuring Charge	0.00	-3.00	5.00	0.00	6.00	15	18	2.00	1.00	-9.00	23
Total Other Income / (Expense), net	-25	45	52	50	51	102	58	49	39	51	30
Interest Expense	45	15	5.00	3.00	3.00	9.00	16	20	27	32	38
Interest & Investment Income	21	173	23	25	32	235	39	34	30	270	15
Other Income / (Expense), net	-1.00	-113	34	28	22	-124	35	35	36	-187	53
Income Tax Expense	-31	-30	-10	56	38	-85	42	144	51	51	154
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	($0.52)	($0.40)	$0.53	$0.82	$0.76	($0.35)	$1.34	$2.12	$0.87	$0.98	$2.07
Weighted Average Basic Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Diluted Earnings per Share	($0.52)	($0.31)	$0.48	$0.72	$0.68	($0.31)	$1.20	$1.89	$0.78	$0.87	$1.85
Weighted Average Diluted Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Weighted Average Basic & Diluted Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Cash Dividends to Common per Share	$0.05	-	$0.05	$0.05	$0.05	-	$0.05	$0.05	$0.05	-	$0.05

This table details how cash moves in and out of United States Steel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-1,575	-551	939	482	1,156	-101	-557	42	763	-599
Net Cash From Operating Activities	919	2,100	3,505	4,090	138	682	938	826	754	360
Net Cash From Continuing Operating Activities	919	2,100	3,505	4,090	138	682	938	826	754	360
Net Income / (Loss) Continuing Operations	384	895	2,524	4,174	-1,165	-630	1,115	387	-440	-1,642
Consolidated Net Income / (Loss)	384	895	2,524	4,174	-1,165	-630	1,115	387	-440	-1,642
Depreciation Expense	913	916	791	791	643	616	521	501	507	547
Non-Cash Adjustments To Reconcile Net Income	-47	33	-235	-84	317	301	84	-42	12	755
Changes in Operating Assets and Liabilities, net	-331	256	425	-791	343	395	-782	-20	675	700
Net Cash From Investing Activities	-2,276	-2,568	-1,679	-840	-563	-1,958	-963	-386	-315	-510
Net Cash From Continuing Investing Activities	-2,276	-2,568	-1,679	-840	-563	-1,958	-963	-386	-315	-510
Purchase of Property, Plant & Equipment	-2,287	-2,576	-1,769	-863	-725	-1,252	-1,001	-505	-306	-500
Sale of Property, Plant & Equipment	5.00	8.00	32	26	167	4.00	10	5.00	12	4.00
Divestitures	0.00	0.00	12	627	8.00	0.00	30	116	0.00	0.00
Other Investing Activities, net	6.00	0.00	46	-5.00	-4.00	0.00	-	0.00	-	13
Net Cash From Financing Activities	-199	-98	-868	-2,747	1,581	1,177	-515	-415	332	-408
Net Cash From Continuing Financing Activities	-199	-98	-868	-2,747	1,581	1,177	-515	-415	332	-408
Repayment of Debt	-199	-164	-444	-4,301	-1,713	563	-1,299	-1,127	-1,093	-379
Repurchase of Common Equity	0.00	-175	-849	-150	0.00	-88	-75	0.00	0.00	-
Issuance of Debt	0.00	241	343	914	2,790	702	868	737	958	-
Other Financing Activities, net	0.00	0.00	82	-	0.00	-	27	10	16	0.00
Effect of Exchange Rate Changes	-19	15	-19	-	-	-2.00	-17	17	-8.00	-41

This table details how cash moves in and out of United States Steel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-775	-398	-272	-179	-726	-274	145	244	-666	6.00	407
Net Cash From Operating Activities	-374	208	265	474	-28	389	817	713	181	755	1,074
Net Cash From Continuing Operating Activities	-374	208	265	474	-28	389	824	703	184	755	1,074
Net Income / (Loss) Continuing Operations	-116	-89	119	183	171	-80	299	477	199	174	490
Consolidated Net Income / (Loss)	-116	-89	119	183	171	-80	299	477	199	174	490
Depreciation Expense	249	251	235	217	210	241	230	224	221	197	198
Non-Cash Adjustments To Reconcile Net Income	7.00	36	-40	-41	-2.00	189	-188	19	13	-94	-114
Changes in Operating Assets and Liabilities, net	-514	10	-49	115	-407	39	483	-17	-249	478	500
Net Cash From Investing Activities	-358	-492	-509	-630	-645	-633	-585	-612	-738	-614	-463
Net Cash From Continuing Investing Activities	-358	-492	-509	-630	-645	-633	-585	-612	-738	-614	-463
Purchase of Property, Plant & Equipment	-359	-505	-511	-631	-640	-637	-586	-613	-740	-631	-478
Sale of Property, Plant & Equipment	1.00	2.00	2.00	1.00	0.00	4.00	1.00	1.00	2.00	4.00	16
Other Investing Activities, net	0.00	11	-	-	-5.00	-	-	-	0.00	1.00	-1.00
Net Cash From Financing Activities	-50	-95	-28	-30	-46	-45	-79	143	-117	-116	-204
Net Cash From Continuing Financing Activities	-50	-95	-28	-30	-46	-45	-79	143	-117	-116	-204
Repayment of Debt	-50	-95	-28	-30	-46	-45	-57	-20	-42	-18	-314
Effect of Exchange Rate Changes	7.00	-	-	-	-7.00	-	-	-	8.00	-	-

This table presents United States Steel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	20,235	20,451	19,458	17,816	12,059	11,608	10,982	9,862	9,160	9,167
Total Current Assets	5,232	6,943	7,866	7,152	4,432	3,813	4,830	4,755	4,356	3,917
Cash & Equivalents	1,367	2,948	3,504	2,522	1,985	749	1,000	1,553	1,515	755
Accounts Receivable	1,398	1,548	1,635	2,089	994	1,177	1,659	1,379	1,248	1,063
Inventories, net	2,168	2,128	2,359	2,210	1,402	1,785	2,092	1,738	1,573	2,074
Other Current Assets	299	319	368	331	51	102	79	85	20	25
Plant, Property, & Equipment, net	11,973	10,393	8,492	7,254	5,444	5,447	4,865	4,280	3,979	4,411
Total Noncurrent Assets	3,030	3,115	3,100	3,410	2,183	2,348	1,287	827	825	839
Long-Term Investments	757	761	840	694	1,177	1,466	513	480	528	540
Goodwill	920	920	920	920	4.00	-	-	-	-	-
Intangible Assets	416	436	478	519	129	150	158	167	175	196
Noncurrent Deferred & Refundable Income Taxes	0.00	19	10	32	22	19	445	56	6.00	15
Other Noncurrent Operating Assets	937	979	852	1,245	851	713	171	124	116	88
Total Liabilities & Shareholders' Equity	20,235	20,451	19,458	17,816	12,059	11,608	10,982	9,862	9,160	9,167
Total Liabilities	8,795	9,311	9,147	8,713	8,180	7,515	6,779	6,541	6,885	6,730
Total Current Liabilities	3,373	3,948	3,959	3,852	2,656	2,625	3,197	2,773	2,331	2,148
Short-Term Debt	95	142	63	28	192	14	65	3.00	50	45
Accounts Payable	2,747	3,028	3,016	2,908	1,884	2,054	2,535	2,222	1,668	1,493
Current Deferred & Payable Income Tax Liabilities	131	222	271	365	154	116	118	132	128	99
Current Employee Benefit Liabilities	295	442	493	425	308	336	440	347	400	462
Other Current Liabilities	35	44	49	58	59	60	0.00	-	-	-
Other Current Nonoperating Liabilities	70	70	67	68	59	45	39	69	85	49
Total Noncurrent Liabilities	5,422	5,363	5,188	4,861	5,524	4,890	3,582	3,768	4,554	4,582
Long-Term Debt	4,078	4,080	3,914	3,863	4,695	3,627	2,316	2,700	2,981	3,093
Capital Lease Obligations	44	73	105	136	163	-	0.00	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	657	587	456	122	11	4.00	14	6.00	28	29
Noncurrent Employee Benefit Liabilities	117	126	209	235	322	532	980	759	1,216	1,101
Other Noncurrent Operating Liabilities	526	497	504	505	333	727	272	303	329	359
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,440	11,140	10,311	9,103	3,879	4,093	4,203	3,321	2,275	2,437
Total Preferred & Common Equity	11,347	11,047	10,218	9,010	3,786	4,092	4,202	3,320	2,274	2,436
Total Common Equity	11,347	11,047	10,218	9,010	3,786	4,092	4,202	3,320	2,274	2,436
Common Stock	5,595	5,539	5,477	5,479	4,631	4,199	4,094	4,108	4,203	3,754
Retained Earnings	7,219	6,880	6,030	3,534	-623	544	1,212	133	-250	190
Treasury Stock	-1,446	-1,418	-1,204	-334	-175	-173	-78	-76	-182	-339
Accumulated Other Comprehensive Income / (Loss)	-21	46	-85	331	-47	-478	-1,026	-845	-1,497	-1,169
Noncontrolling Interest	93	93	93	93	93	1.00	1.00	1.00	1.00	1.00

This table presents United States Steel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	20,083	20,633	20,416	20,448	20,395	20,309	19,540	19,958
Total Current Assets	4,936	5,766	5,950	6,421	7,395	7,835	7,548	8,452
Cash & Equivalents	594	1,773	2,031	2,221	3,222	3,080	2,837	3,364
Accounts Receivable	1,647	1,649	1,678	1,722	1,541	1,864	1,808	2,035
Inventories, net	2,372	2,039	2,020	2,157	2,304	2,540	2,541	2,759
Other Current Assets	323	305	221	321	328	351	362	294
Plant, Property, & Equipment, net	12,113	11,665	11,222	10,807	9,911	9,436	8,875	7,978
Plant, Property & Equipment, gross	26,649	25,856	25,148	24,557	23,097	22,465	21,806	20,437
Accumulated Depreciation	14,536	14,191	13,926	13,750	13,186	13,029	12,931	12,459
Total Noncurrent Assets	3,034	3,202	3,244	3,220	3,089	3,038	3,117	3,528
Long-Term Investments	762	830	809	785	863	832	830	832
Goodwill	920	920	920	920	920	920	920	920
Intangible Assets	411	421	426	431	447	457	467	488
Other Noncurrent Operating Assets	941	1,027	1,085	1,072	859	829	893	1,288
Total Liabilities & Shareholders' Equity	20,083	20,633	20,416	20,448	20,395	20,309	19,540	19,958
Total Liabilities	8,752	8,962	8,930	9,156	9,298	9,491	9,145	9,428
Total Current Liabilities	3,399	3,452	3,456	3,748	3,801	4,072	4,015	4,162
Short-Term Debt	109	163	162	159	98	98	91	59
Accounts Payable	2,800	2,745	2,680	2,948	2,939	3,112	3,175	3,280
Current Deferred & Payable Income Tax Liabilities	129	130	172	223	169	287	267	245
Current Employee Benefit Liabilities	272	321	333	322	498	457	388	482
Other Current Liabilities	33	38	40	41	45	48	48	51
Other Current Nonoperating Liabilities	56	55	69	55	52	70	46	45
Total Noncurrent Liabilities	5,353	5,510	5,474	5,408	5,497	5,419	5,130	5,266
Long-Term Debt	4,047	4,068	4,078	4,082	4,129	4,153	3,901	3,863
Capital Lease Obligations	41	51	58	65	79	90	95	112
Noncurrent Deferred & Payable Income Tax Liabilities	635	732	679	629	712	576	479	588
Noncurrent Employee Benefit Liabilities	97	124	117	116	138	139	146	204
Other Noncurrent Operating Liabilities	533	535	542	516	439	461	509	499
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,331	11,671	11,486	11,292	11,097	10,818	10,395	10,530
Total Preferred & Common Equity	11,238	11,578	11,393	11,199	11,004	10,725	10,302	10,437
Total Common Equity	11,238	11,578	11,393	11,199	11,004	10,725	10,302	10,437
Common Stock	5,613	5,579	5,569	5,554	5,520	5,503	5,490	5,461
Retained Earnings	7,091	7,319	7,211	7,040	6,971	6,683	6,217	5,867
Treasury Stock	-1,469	-1,447	-1,442	-1,441	-1,402	-1,376	-1,301	-1,054
Accumulated Other Comprehensive Income / (Loss)	3.00	127	55	46	-85	-85	-104	163
Noncontrolling Interest	93	93	93	93	93	93	93	93

This table displays calculated financial ratios and metrics derived from United States Steel's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.37%	-14.30%	3.90%	108.14%	-24.70%	-8.75%	15.74%	907.40%	-89.49%	-33.89%
EBITDA Growth	-33.77%	-56.70%	-31.68%	1,478.85%	-209.47%	-75.89%	47.98%	215.09%	150.83%	-165.26%
EBIT Growth	-72.98%	-75.03%	-36.74%	566.95%	-348.73%	-122.37%	87.06%	433.73%	86.06%	-409.18%
NOPAT Growth	-69.19%	-72.09%	-48.50%	731.55%	-367.39%	-110.43%	79.44%	711.33%	83.28%	-439.55%
Net Income Growth	-57.10%	-64.54%	-39.53%	458.28%	-84.92%	-156.50%	188.11%	187.95%	73.20%	-1,709.80%
EPS Growth	-55.90%	-61.14%	-38.44%	351.35%	-61.31%	-158.72%	185.39%	177.94%	75.00%	-1,728.99%
Operating Cash Flow Growth	-56.24%	-40.09%	-14.30%	2,863.77%	-79.77%	-27.29%	13.56%	9.55%	109.44%	-76.82%
Free Cash Flow Firm Growth	-60.14%	-143.10%	287.86%	158.79%	-64.96%	-224.64%	233.07%	-82.37%	238.01%	-74.44%
Invested Capital Growth	15.32%	16.61%	1.34%	71.34%	4.71%	8.88%	25.86%	21.27%	-22.66%	-20.11%
Revenue Q/Q Growth	-3.90%	-1.06%	-5.75%	17.78%	-2.62%	-6.28%	4.10%	350.04%	-88.06%	-11.47%
EBITDA Q/Q Growth	-3.85%	-24.27%	-22.01%	24.18%	43.94%	-60.87%	12.25%	22.13%	692.98%	-450.00%
EBIT Q/Q Growth	-20.68%	-42.95%	-26.00%	27.78%	23.54%	-162.11%	17.88%	51.21%	70.35%	-231.15%
NOPAT Q/Q Growth	38.08%	-29.05%	-29.84%	28.73%	28.05%	-113.81%	46.30%	113.06%	63.72%	-241.48%
Net Income Q/Q Growth	-2.29%	-22.11%	-26.18%	32.34%	38.10%	-200.00%	63.49%	214.63%	70.03%	-601.71%
EPS Q/Q Growth	0.00%	-24.89%	-25.65%	27.73%	44.15%	-203.67%	63.19%	177.22%	72.10%	-602.50%
Operating Cash Flow Q/Q Growth	-16.45%	-14.84%	-17.24%	41.42%	0.73%	11.44%	-6.39%	14.72%	9.75%	-35.60%
Free Cash Flow Firm Q/Q Growth	15.19%	-17,599.49%	-17.27%	209.81%	-68.58%	-358.98%	1,545.53%	-74.27%	-1.51%	-38.86%
Invested Capital Q/Q Growth	1.48%	3.75%	-2.85%	2.68%	6.20%	-6.17%	10.37%	12.62%	-11.36%	-13.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.10%	12.46%	20.36%	28.32%	1.91%	6.61%	13.21%	11.36%	-690.13%	3.74%
EBITDA Margin	7.19%	9.40%	18.60%	28.29%	-4.27%	2.94%	11.12%	8.69%	27.80%	-5.75%
Operating Margin	1.53%	4.43%	15.00%	24.39%	-11.04%	-1.78%	7.93%	5.46%	-16.53%	-10.39%
EBIT Margin	1.35%	4.33%	14.85%	24.39%	-10.87%	-1.82%	7.44%	4.60%	-13.90%	-10.47%
Profit (Net Income) Margin	2.46%	4.96%	11.98%	20.59%	-11.96%	-4.87%	7.86%	3.16%	-36.18%	-14.19%
Tax Burden Percent	87.67%	85.48%	77.45%	96.09%	89.14%	139.38%	137.32%	128.57%	105.77%	112.54%
Interest Burden Percent	207.58%	134.06%	104.19%	87.85%	123.42%	191.53%	76.97%	53.37%	246.15%	120.38%
Effective Tax Rate	12.33%	14.52%	22.55%	3.91%	0.00%	0.00%	-37.32%	-28.57%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.66%	6.23%	24.35%	60.13%	-13.21%	-3.02%	33.66%	23.22%	-3.67%	-17.26%
ROIC Less NNEP Spread (ROIC-NNEP)	13.97%	98.21%	46.77%	19.19%	-37.35%	-42.46%	-18.39%	-29.00%	-23.85%	-62.87%
Return on Net Nonoperating Assets (RNNOA)	1.74%	2.11%	1.65%	4.18%	-16.01%	-12.17%	-4.02%	-9.39%	-15.01%	-35.39%
Return on Equity (ROE)	3.40%	8.34%	26.00%	64.30%	-29.23%	-15.19%	29.64%	13.83%	-18.68%	-52.65%
Cash Return on Invested Capital (CROIC)	-12.57%	-9.10%	23.02%	7.55%	-17.81%	-11.52%	10.76%	4.00%	21.89%	5.10%
Operating Return on Assets (OROA)	1.04%	3.91%	16.78%	33.10%	-8.95%	-2.09%	10.12%	5.93%	-1.84%	-11.44%
Return on Assets (ROA)	1.89%	4.49%	13.54%	27.94%	-9.84%	-5.58%	10.70%	4.07%	-4.80%	-15.51%
Return on Common Equity (ROCE)	3.37%	8.27%	25.75%	63.38%	-28.88%	-15.18%	29.63%	13.83%	-18.67%	-52.64%
Return on Equity Simple (ROE_SIMPLE)	3.38%	8.10%	24.70%	46.33%	-30.77%	-15.40%	26.54%	11.66%	-19.35%	-67.41%
Net Operating Profit after Tax (NOPAT)	210	683	2,447	4,752	-753	-161	1,543	860	-141	-841
NOPAT Margin	1.35%	3.78%	11.62%	23.44%	-7.73%	-1.24%	10.89%	7.02%	-11.57%	-7.27%
Net Nonoperating Expense Percent (NNEP)	-12.32%	-91.97%	-22.42%	40.94%	24.14%	39.44%	52.06%	52.22%	20.19%	45.61%
Return On Investment Capital (ROIC_SIMPLE)	1.34%	4.43%	17.00%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	89.90%	87.54%	79.64%	71.68%	98.09%	93.39%	86.79%	88.64%	790.13%	96.26%
SG&A Expenses to Revenue	2.78%	2.78%	2.00%	2.10%	2.84%	2.23%	2.37%	2.61%	25.16%	3.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.57%	8.04%	5.35%	3.93%	12.95%	9.09%	5.28%	5.90%	-673.60%	14.13%
Earnings before Interest and Taxes (EBIT)	211	781	3,128	4,945	-1,059	-236	1,055	564	-169	-1,212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,124	1,697	3,919	5,736	-416	380	1,576	1,065	338	-665
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.67	0.98	0.57	0.70	0.95	0.46	0.74	1.77	2.37	0.45
Price to Tangible Book Value (P/TBV)	0.76	1.11	0.66	0.83	0.99	0.48	0.77	1.86	2.57	0.49
Price to Revenue (P/Rev)	0.49	0.60	0.28	0.31	0.37	0.15	0.22	0.48	4.43	0.09
Price to Earnings (P/E)	19.93	12.07	2.30	1.51	0.00	0.00	2.78	15.17	0.00	0.00
Dividend Yield	0.59%	0.41%	0.81%	0.34%	0.24%	1.80%	1.14%	0.60%	0.64%	2.68%
Earnings Yield	5.02%	8.29%	43.55%	66.19%	0.00%	0.00%	35.94%	6.59%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.97	0.56	0.72	0.96	0.60	0.78	1.61	1.90	0.68
Enterprise Value to Revenue (EV/Rev)	0.63	0.64	0.27	0.36	0.57	0.26	0.28	0.53	5.24	0.25
Enterprise Value to EBITDA (EV/EBITDA)	8.75	6.76	1.44	1.26	0.00	8.72	2.52	6.14	18.86	0.00
Enterprise Value to EBIT (EV/EBIT)	46.63	14.70	1.80	1.46	0.00	0.00	3.76	11.60	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	46.76	16.81	2.30	1.52	0.00	0.00	2.57	7.61	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.71	5.47	1.61	1.76	40.52	4.86	4.23	7.92	8.46	8.15
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.43	12.09	0.00	0.00	8.05	44.17	7.59	11.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.39	0.40	0.44	1.30	0.89	0.57	0.81	1.33	1.29
Long-Term Debt to Equity	0.36	0.37	0.39	0.44	1.25	0.89	0.55	0.81	1.31	1.27
Financial Leverage	0.12	0.02	0.04	0.22	0.43	0.29	0.22	0.32	0.63	0.56
Leverage Ratio	1.80	1.86	1.92	2.30	2.97	2.72	2.77	3.40	3.89	3.40
Compound Leverage Factor	3.74	2.49	2.00	2.02	3.66	5.22	2.13	1.81	9.57	4.09
Debt to Total Capital	26.93%	27.83%	28.36%	30.67%	56.56%	47.08%	36.16%	44.87%	57.12%	56.29%
Short-Term Debt to Total Capital	0.61%	0.92%	0.44%	0.21%	2.15%	0.18%	0.99%	0.05%	0.94%	0.81%
Long-Term Debt to Total Capital	26.33%	26.91%	27.92%	30.46%	54.41%	46.90%	35.18%	44.82%	56.18%	55.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.59%	0.60%	0.65%	0.71%	1.04%	0.01%	0.02%	0.02%	0.02%	0.02%
Common Equity to Total Capital	72.47%	71.57%	70.99%	68.62%	42.40%	52.91%	63.82%	55.11%	42.86%	43.70%
Debt to EBITDA	3.75	2.53	1.04	0.70	-12.14	9.58	1.51	2.54	8.97	-4.72
Net Debt to EBITDA	1.86	0.35	-0.07	0.14	-4.54	3.75	0.55	0.63	2.92	-2.77
Long-Term Debt to EBITDA	3.67	2.45	1.03	0.70	-11.68	9.54	1.47	2.54	8.82	-4.65
Debt to NOPAT	20.04	6.29	1.67	0.85	-6.71	-22.61	1.54	3.14	-21.54	-3.73
Net Debt to NOPAT	9.95	0.86	-0.11	0.17	-2.51	-8.86	0.56	0.78	-7.02	-2.19
Long-Term Debt to NOPAT	19.59	6.08	1.64	0.84	-6.46	-22.53	1.50	3.14	-21.19	-3.68
Altman Z-Score	1.94	2.35	2.67	2.99	0.89	1.39	2.22	2.23	0.77	1.18
Noncontrolling Interest Sharing Ratio	0.82%	0.87%	0.96%	1.43%	1.18%	0.02%	0.03%	0.04%	0.04%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.55	1.76	1.99	1.86	1.67	1.45	1.51	1.71	1.87	1.82
Quick Ratio	0.82	1.14	1.30	1.20	1.12	0.73	0.83	1.06	1.19	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,597	-997	2,313	596	-1,015	-615	493	148	840	249
Operating Cash Flow to CapEx	40.27%	81.78%	201.78%	488.65%	24.73%	54.65%	94.65%	165.20%	256.46%	72.58%
Free Cash Flow to Firm to Interest Expense	-61.41	-13.85	14.55	0.99	-3.62	-4.33	1.86	0.53	3.33	0.99
Operating Cash Flow to Interest Expense	35.35	29.17	22.04	6.76	0.49	4.80	3.53	2.95	2.99	1.44
Operating Cash Flow Less CapEx to Interest Expense	-52.42	-6.50	11.12	5.38	-1.50	-3.99	-0.20	1.16	1.83	-0.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.90	1.13	1.36	0.82	1.15	1.36	1.29	0.13	1.09
Accounts Receivable Turnover	10.62	11.34	11.31	13.15	8.97	9.12	9.33	9.33	1.05	7.70
Inventory Turnover	6.55	7.04	7.34	8.05	6.00	6.23	6.43	6.56	5.27	4.88
Fixed Asset Turnover	1.40	1.91	2.68	3.19	1.79	2.51	3.10	2.97	0.29	2.58
Accounts Payable Turnover	4.87	5.23	5.66	6.07	4.85	5.27	5.17	5.58	6.08	6.38
Days Sales Outstanding (DSO)	34.38	32.18	32.26	27.75	40.67	40.01	39.11	39.14	346.84	47.38
Days Inventory Outstanding (DIO)	55.76	51.82	49.70	45.36	60.87	58.56	56.80	55.65	69.27	74.86
Days Payable Outstanding (DPO)	74.96	69.80	64.44	60.18	75.22	69.32	70.55	65.38	60.04	57.25
Cash Conversion Cycle (CCC)	15.18	14.20	17.52	12.93	26.33	29.25	25.36	29.41	356.07	64.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,603	11,796	10,116	9,982	5,826	5,564	5,110	4,060	3,348	4,329
Invested Capital Turnover	1.23	1.65	2.10	2.57	1.71	2.42	3.09	3.31	0.32	2.37
Increase / (Decrease) in Invested Capital	1,807	1,680	134	4,156	262	454	1,050	712	-981	-1,090
Enterprise Value (EV)	9,840	11,478	5,627	7,210	5,591	3,313	3,971	6,543	6,376	2,934
Market Capitalization	7,654	10,799	5,796	6,306	3,610	1,886	3,102	5,872	5,387	1,090
Book Value per Share	$50.39	$49.53	$43.62	$33.34	$17.18	$24.07	$23.70	$18.97	$13.19	$16.65
Tangible Book Value per Share	$44.46	$43.45	$37.65	$28.02	$16.57	$23.18	$22.81	$18.02	$12.17	$15.31
Total Capital	15,657	15,435	14,393	13,130	8,929	7,734	6,584	6,024	5,306	5,575
Total Debt	4,217	4,295	4,082	4,027	5,050	3,641	2,381	2,703	3,031	3,138
Total Long-Term Debt	4,122	4,153	4,019	3,999	4,858	3,627	2,316	2,700	2,981	3,093
Net Debt	2,093	586	-262	811	1,888	1,426	868	670	988	1,843
Capital Expenditures (CapEx)	2,282	2,568	1,737	837	558	1,248	991	500	294	496
Debt-free, Cash-free Net Working Capital (DFCFNWC)	587	189	466	806	-17	453	698	432	560	1,059
Debt-free Net Working Capital (DFNWC)	1,954	3,137	3,970	3,328	1,968	1,202	1,698	1,985	2,075	1,814
Net Working Capital (NWC)	1,859	2,995	3,907	3,300	1,776	1,188	1,633	1,982	2,025	1,769
Net Nonoperating Expense (NNE)	-174	-212	-77	578	413	469	428	473	299	801
Net Nonoperating Obligations (NNO)	2,163	656	-195	879	1,947	1,471	907	739	1,073	1,892
Total Depreciation and Amortization (D&A)	913	916	791	791	643	616	521	501	507	547
Debt-free, Cash-free Net Working Capital to Revenue	3.75%	1.05%	2.21%	3.98%	-0.17%	3.50%	4.92%	3.53%	46.05%	9.15%
Debt-free Net Working Capital to Revenue	12.49%	17.38%	18.85%	16.41%	20.20%	9.29%	11.98%	16.20%	170.64%	15.67%
Net Working Capital to Revenue	11.89%	16.59%	18.55%	16.28%	18.23%	9.18%	11.52%	16.18%	166.53%	15.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.71	$3.98	$10.22	$15.77	($5.92)	($3.67)	$6.31	$2.21	($2.81)	($11.24)
Adjusted Weighted Average Basic Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	175.88M	174.29M	146.28M
Adjusted Diluted Earnings per Share	$1.57	$3.56	$9.16	$14.88	($5.92)	($3.67)	$6.25	$2.19	($2.81)	($11.24)
Adjusted Weighted Average Diluted Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	175.88M	174.29M	146.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	225.22M	223.73M	226.60M	260.93M	262.47M	170.05M	173.22M	175.88M	174.29M	146.28M
Normalized Net Operating Profit after Tax (NOPAT)	234	824	2,611	4,382	-576	31	783	404	-111	-370
Normalized NOPAT Margin	1.50%	4.56%	12.39%	21.61%	-5.91%	0.24%	5.52%	3.30%	-9.10%	-3.19%
Pre Tax Income Margin	2.80%	5.80%	15.47%	21.43%	-13.42%	-3.49%	5.73%	2.46%	-34.21%	-12.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.12	10.85	19.67	8.17	-3.78	-1.66	3.97	2.01	-0.67	-4.85
NOPAT to Interest Expense	8.09	9.49	15.39	7.86	-2.69	-1.13	5.80	3.07	-0.56	-3.37
EBIT Less CapEx to Interest Expense	-79.65	-24.82	8.75	6.79	-5.78	-10.45	0.24	0.23	-1.84	-6.83
NOPAT Less CapEx to Interest Expense	-79.68	-26.18	4.47	6.47	-4.68	-9.92	2.08	1.29	-1.73	-5.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.23%	9.04%	-7.05%	-1.77%
Augmented Payout Ratio	0.00%	19.55%	33.64%	3.59%	0.00%	-13.97%	9.96%	9.04%	-7.05%	-1.77%

This table displays calculated financial ratios and metrics derived from United States Steel's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.41%	-15.32%	-13.04%	-17.77%	-6.94%	-4.47%	-14.84%	-20.38%	-14.60%	-22.84%	-12.76%
EBITDA Growth	-64.31%	95.61%	-41.51%	-48.24%	-13.45%	-161.96%	-37.34%	-44.95%	-67.56%	-85.74%	-66.18%
EBIT Growth	-186.01%	27.89%	-73.72%	-65.11%	-21.78%	-2,630.77%	-53.22%	-53.82%	-80.88%	-101.20%	-71.76%
NOPAT Growth	-167.78%	38.10%	-78.42%	-68.01%	-16.25%	-220.17%	-48.01%	-55.42%	-82.79%	-88.84%	-77.46%
Net Income Growth	-167.84%	-11.25%	-60.20%	-61.64%	-14.07%	-145.98%	-38.98%	-51.23%	-77.44%	-83.72%	-75.52%
EPS Growth	-176.47%	0.00%	-60.00%	-61.90%	-12.82%	-135.63%	-35.14%	-44.74%	-74.17%	-78.41%	-73.46%
Operating Cash Flow Growth	-1,235.71%	-46.53%	-67.56%	-33.52%	-115.47%	-48.48%	-23.93%	-21.22%	-76.52%	-49.16%	-28.50%
Free Cash Flow Firm Growth	-0.39%	-3.55%	-177.63%	-421.25%	-359.13%	-328,975.00%	-217.63%	-1,536.43%	-124.82%	100.02%	89.60%
Invested Capital Growth	12.50%	15.32%	17.90%	14.99%	16.44%	16.61%	9.19%	6.92%	4.95%	1.34%	7.12%
Revenue Q/Q Growth	6.21%	-8.93%	-6.44%	-1.01%	0.39%	-6.48%	-11.52%	12.04%	3.04%	-16.63%	-17.28%
EBITDA Q/Q Growth	2,620.00%	-101.58%	-25.59%	10.36%	865.00%	-121.03%	-34.14%	84.53%	3.72%	-78.73%	-42.14%
EBIT Q/Q Growth	51.95%	-412.20%	-60.77%	18.75%	187.56%	-213.78%	-47.91%	166.22%	-3.43%	-101.95%	-48.57%
NOPAT Q/Q Growth	14.69%	-291.02%	-62.19%	9.99%	177.92%	-166.58%	-43.94%	187.96%	11.80%	-71.20%	-51.93%
Net Income Q/Q Growth	-30.34%	-174.79%	-34.97%	7.02%	313.75%	-126.76%	-37.32%	139.70%	14.37%	-64.49%	-49.90%
EPS Q/Q Growth	-67.74%	-164.58%	-33.33%	5.88%	319.35%	-125.83%	-36.51%	142.31%	-10.34%	-52.97%	-45.91%
Operating Cash Flow Q/Q Growth	-279.81%	-21.51%	-44.09%	1,792.86%	-107.20%	-52.39%	14.59%	293.92%	-76.03%	-29.70%	18.67%
Free Cash Flow Firm Q/Q Growth	12.62%	3.81%	-27.30%	6.18%	9.87%	-157.90%	-139.01%	17.36%	-64,663.57%	100.25%	-1,180.88%
Invested Capital Q/Q Growth	4.59%	1.48%	3.01%	2.89%	7.21%	3.75%	0.47%	4.20%	7.36%	-2.85%	-1.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.28%	5.44%	10.51%	11.87%	11.90%	7.07%	13.38%	16.91%	11.57%	9.31%	16.22%
EBITDA Margin	3.38%	-0.14%	8.23%	10.34%	9.28%	-2.75%	12.23%	16.43%	9.98%	4.24%	16.63%
Operating Margin	-3.27%	-4.08%	1.25%	4.40%	3.70%	-5.57%	6.25%	11.26%	4.23%	4.01%	11.80%
EBIT Margin	-3.30%	-7.30%	2.13%	5.08%	4.23%	-8.57%	7.04%	11.96%	5.03%	-0.30%	12.82%
Profit (Net Income) Margin	-3.11%	-2.54%	3.09%	4.44%	4.11%	-1.93%	6.75%	9.52%	4.45%	4.01%	9.42%
Tax Burden Percent	78.91%	74.79%	109.17%	76.57%	81.82%	48.48%	87.68%	76.81%	79.60%	77.33%	76.09%
Interest Burden Percent	119.51%	46.48%	132.93%	114.35%	118.75%	46.48%	109.29%	103.67%	111.11%	-1,730.77%	96.55%
Effective Tax Rate	0.00%	0.00%	-9.17%	23.43%	18.18%	0.00%	12.32%	23.19%	20.40%	22.67%	23.91%
Return on Invested Capital (ROIC)	-2.59%	-3.51%	1.79%	4.66%	4.57%	-6.43%	9.18%	15.02%	6.44%	6.50%	19.93%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.03%	-2.73%	8.42%	9.05%	9.51%	29.02%	81.13%	26.07%	15.93%	18.03%	22.79%
Return on Net Nonoperating Assets (RNNOA)	-0.76%	-0.34%	0.74%	0.82%	0.80%	0.62%	0.59%	0.98%	0.81%	0.64%	1.96%
Return on Equity (ROE)	-3.35%	-3.85%	2.53%	5.48%	5.37%	-5.81%	9.77%	16.00%	7.25%	7.14%	21.90%
Cash Return on Invested Capital (CROIC)	-12.08%	-12.57%	-15.20%	-11.07%	-9.59%	-9.10%	0.05%	4.15%	11.44%	23.02%	27.78%
Operating Return on Assets (OROA)	-2.48%	-5.61%	1.69%	4.20%	3.75%	-7.75%	6.37%	11.33%	5.27%	-0.34%	15.37%
Return on Assets (ROA)	-2.34%	-1.95%	2.45%	3.68%	3.65%	-1.75%	6.10%	9.02%	4.66%	4.53%	11.29%
Return on Common Equity (ROCE)	-3.32%	-3.82%	2.51%	5.44%	5.33%	-5.76%	9.68%	15.86%	7.18%	7.07%	21.68%
Return on Equity Simple (ROE_SIMPLE)	0.86%	0.00%	3.39%	5.03%	7.74%	0.00%	10.44%	12.49%	17.87%	0.00%	32.76%
Net Operating Profit after Tax (NOPAT)	-85	-100	52	139	126	-162	243	433	150	135	467
NOPAT Margin	-2.29%	-2.85%	1.36%	3.37%	3.03%	-3.90%	5.48%	8.65%	3.37%	3.10%	8.98%
Net Nonoperating Expense Percent (NNEP)	1.44%	-0.79%	-6.64%	-4.38%	-4.94%	-35.44%	-71.95%	-11.04%	-9.48%	-11.53%	-2.86%
Return On Investment Capital (ROIC_SIMPLE)	-0.55%	-0.64%	-	-	-	-1.05%	-	-	-	0.93%	-
Cost of Revenue to Revenue	93.72%	94.56%	89.49%	88.13%	88.10%	92.93%	86.62%	83.09%	88.43%	90.69%	83.78%
SG&A Expenses to Revenue	3.22%	3.05%	2.70%	2.55%	2.86%	4.37%	2.66%	2.06%	2.21%	2.26%	1.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.55%	10.12%	9.03%	7.29%	8.10%	13.51%	7.00%	5.49%	6.85%	5.30%	4.42%
Earnings before Interest and Taxes (EBIT)	-123	-256	82	209	176	-355	312	599	225	-13	667
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	126	-5.00	317	426	386	-114	542	823	446	184	865
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.85	0.67	0.69	0.75	0.81	0.98	0.65	0.52	0.57	0.57	0.41
Price to Tangible Book Value (P/TBV)	0.96	0.76	0.78	0.84	0.92	1.11	0.75	0.60	0.66	0.66	0.47
Price to Revenue (P/Rev)	0.63	0.49	0.49	0.50	0.51	0.60	0.39	0.30	0.29	0.28	0.19
Price to Earnings (P/E)	98.12	19.93	20.22	14.82	10.46	12.07	6.27	4.20	3.18	2.30	1.24
Dividend Yield	0.47%	0.59%	0.57%	0.53%	0.49%	0.41%	0.62%	0.81%	0.77%	0.81%	1.12%
Earnings Yield	1.02%	5.02%	4.94%	6.75%	9.56%	8.29%	15.95%	23.83%	31.43%	43.55%	80.65%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.72	0.73	0.77	0.83	0.97	0.66	0.54	0.59	0.56	0.40
Enterprise Value to Revenue (EV/Rev)	0.82	0.63	0.60	0.60	0.59	0.64	0.41	0.32	0.31	0.27	0.19
Enterprise Value to EBITDA (EV/EBITDA)	13.88	8.75	8.31	7.20	5.84	6.76	3.36	2.40	1.97	1.44	0.83
Enterprise Value to EBIT (EV/EBIT)	0.00	46.63	36.54	20.24	11.81	14.70	5.49	3.56	2.63	1.80	0.99
Enterprise Value to NOPAT (EV/NOPAT)	0.00	46.76	63.78	28.70	15.89	16.81	7.81	5.18	3.69	2.30	1.20
Enterprise Value to Operating Cash Flow (EV/OCF)	21.73	10.71	8.84	6.08	5.53	5.47	3.05	2.26	2.19	1.61	0.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1,319.81	13.51	5.25	2.43	1.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.37	0.37	0.37	0.38	0.39	0.39	0.40	0.39	0.40	0.38
Long-Term Debt to Equity	0.36	0.36	0.35	0.36	0.37	0.37	0.38	0.39	0.38	0.39	0.38
Financial Leverage	0.19	0.12	0.09	0.09	0.08	0.02	0.01	0.04	0.05	0.04	0.09
Leverage Ratio	1.79	1.80	1.80	1.83	1.84	1.86	1.87	1.90	1.92	1.92	2.01
Compound Leverage Factor	2.14	0.84	2.40	2.09	2.19	0.86	2.04	1.97	2.13	-33.23	1.94
Debt to Total Capital	27.03%	26.93%	26.84%	27.23%	27.61%	27.83%	27.96%	28.64%	28.22%	28.36%	27.70%
Short-Term Debt to Total Capital	0.70%	0.61%	1.02%	1.03%	1.02%	0.92%	0.64%	0.65%	0.63%	0.44%	0.41%
Long-Term Debt to Total Capital	26.33%	26.33%	25.82%	26.20%	26.59%	26.91%	27.32%	27.99%	27.59%	27.92%	27.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.60%	0.59%	0.58%	0.59%	0.60%	0.60%	0.60%	0.61%	0.64%	0.65%	0.64%
Common Equity to Total Capital	72.37%	72.47%	72.58%	72.18%	71.80%	71.57%	71.44%	70.75%	71.14%	70.99%	71.66%
Debt to EBITDA	4.68	3.75	3.66	3.08	2.40	2.53	1.92	1.69	1.26	1.04	0.80
Net Debt to EBITDA	3.17	1.86	1.44	1.05	0.73	0.35	0.10	0.17	0.13	-0.07	-0.03
Long-Term Debt to EBITDA	4.56	3.67	3.52	2.97	2.32	2.45	1.88	1.65	1.23	1.03	0.79
Debt to NOPAT	-98.56	20.04	28.10	12.28	6.54	6.29	4.47	3.66	2.37	1.67	1.16
Net Debt to NOPAT	-66.71	9.95	11.02	4.17	1.97	0.86	0.23	0.36	0.24	-0.11	-0.05
Long-Term Debt to NOPAT	-96.00	19.59	27.03	11.82	6.30	6.08	4.37	3.58	2.32	1.64	1.14
Altman Z-Score	1.98	1.86	1.97	2.07	2.13	2.17	2.10	2.07	2.12	2.14	2.17
Noncontrolling Interest Sharing Ratio	0.82%	0.82%	0.82%	0.83%	0.86%	0.87%	0.86%	0.88%	0.92%	0.96%	1.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.55	1.67	1.72	1.71	1.76	1.95	1.92	1.88	1.99	2.03
Quick Ratio	0.66	0.82	0.99	1.07	1.05	1.14	1.25	1.21	1.16	1.30	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,666	-1,907	-1,983	-1,557	-1,660	-1,842	-714	-299	-362	0.56	-225
Operating Cash Flow to CapEx	-104.47%	41.35%	52.06%	75.24%	-4.38%	61.45%	139.66%	116.50%	24.53%	120.41%	232.47%
Free Cash Flow to Firm to Interest Expense	-37.03	-127.14	-396.52	-519.14	-553.33	-204.63	-44.63	-14.94	-13.39	0.02	-5.92
Operating Cash Flow to Interest Expense	-8.31	13.87	53.00	158.00	-9.33	43.22	51.06	35.65	6.70	23.59	28.26
Operating Cash Flow Less CapEx to Interest Expense	-16.27	-19.67	-48.80	-52.00	-222.67	-27.11	14.50	5.05	-20.63	4.00	16.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.77	0.79	0.83	0.89	0.90	0.90	0.95	1.05	1.13	1.20
Accounts Receivable Turnover	9.03	10.62	10.20	9.52	10.05	11.34	10.21	8.52	9.61	11.31	10.07
Inventory Turnover	6.13	6.55	6.72	6.57	6.60	7.04	6.28	5.91	6.50	7.34	6.91
Fixed Asset Turnover	1.33	1.40	1.51	1.63	1.80	1.91	2.04	2.25	2.49	2.68	2.91
Accounts Payable Turnover	4.83	4.87	5.13	5.17	5.07	5.23	5.11	5.05	5.19	5.66	5.33
Days Sales Outstanding (DSO)	40.43	34.38	35.77	38.36	36.31	32.18	35.77	42.85	37.96	32.26	36.24
Days Inventory Outstanding (DIO)	59.51	55.76	54.31	55.54	55.26	51.82	58.16	61.78	56.17	49.70	52.81
Days Payable Outstanding (DPO)	75.53	74.96	71.08	70.55	72.02	69.80	71.44	72.27	70.36	64.44	68.45
Cash Conversion Cycle (CCC)	24.41	15.18	19.00	23.35	19.55	14.20	22.49	32.37	23.78	17.52	20.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,228	13,603	13,405	13,013	12,647	11,796	11,370	11,317	10,861	10,116	10,413
Invested Capital Turnover	1.13	1.23	1.31	1.39	1.51	1.65	1.68	1.74	1.91	2.10	2.22
Increase / (Decrease) in Invested Capital	1,581	1,807	2,035	1,696	1,786	1,680	957	732	512	134	692
Enterprise Value (EV)	12,452	9,840	9,720	10,040	10,466	11,478	7,519	6,145	6,371	5,627	4,170
Market Capitalization	9,518	7,654	7,948	8,489	9,073	10,799	7,205	5,623	5,858	5,796	4,239
Book Value per Share	$49.90	$50.39	$51.47	$50.67	$49.81	$49.53	$49.35	$47.36	$45.46	$43.62	$44.00
Tangible Book Value per Share	$43.99	$44.46	$45.51	$44.68	$43.80	$43.45	$43.22	$41.28	$39.34	$37.65	$38.06
Total Capital	15,528	15,657	15,953	15,784	15,598	15,435	15,403	15,159	14,482	14,393	14,564
Total Debt	4,197	4,217	4,282	4,298	4,306	4,295	4,306	4,341	4,087	4,082	4,034
Total Long-Term Debt	4,088	4,122	4,119	4,136	4,147	4,153	4,208	4,243	3,996	4,019	3,975
Net Debt	2,841	2,093	1,679	1,458	1,300	586	221	429	420	-262	-162
Capital Expenditures (CapEx)	358	503	509	630	640	633	585	612	738	627	462
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,052	587	704	625	611	189	470	781	787	466	985
Debt-free Net Working Capital (DFNWC)	1,646	1,954	2,477	2,656	2,832	3,137	3,692	3,861	3,624	3,970	4,349
Net Working Capital (NWC)	1,537	1,859	2,314	2,494	2,673	2,995	3,594	3,763	3,533	3,907	4,290
Net Nonoperating Expense (NNE)	31	-11	-67	-44	-45	-82	-56	-44	-49	-39	-23
Net Nonoperating Obligations (NNO)	2,897	2,163	1,734	1,527	1,355	656	273	499	466	-195	-117
Total Depreciation and Amortization (D&A)	249	251	235	217	210	241	230	224	221	197	198
Debt-free, Cash-free Net Working Capital to Revenue	6.92%	3.75%	4.33%	3.71%	3.44%	1.05%	2.58%	4.11%	3.88%	2.21%	4.41%
Debt-free Net Working Capital to Revenue	10.82%	12.49%	15.22%	15.76%	15.96%	17.38%	20.23%	20.30%	17.85%	18.85%	19.46%
Net Working Capital to Revenue	10.11%	11.89%	14.22%	14.80%	15.07%	16.59%	19.70%	19.79%	17.40%	18.55%	19.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.52)	($0.40)	$0.53	$0.82	$0.76	($0.35)	$1.34	$2.12	$0.87	$0.98	$2.07
Adjusted Weighted Average Basic Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Adjusted Diluted Earnings per Share	($0.52)	($0.31)	$0.48	$0.72	$0.68	($0.31)	$1.20	$1.89	$0.78	$0.87	$1.85
Adjusted Weighted Average Diluted Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	226.42M	225.22M	225.17M	224.96M	224.85M	223.73M	223.04M	222.96M	226.46M	226.60M	234.27M
Normalized Net Operating Profit after Tax (NOPAT)	-85	-102	31	142	133	-64	209	399	147	132	485
Normalized NOPAT Margin	-2.29%	-2.91%	0.80%	3.44%	3.21%	-1.54%	4.71%	7.98%	3.29%	3.05%	9.32%
Pre Tax Income Margin	-3.94%	-3.39%	2.83%	5.80%	5.02%	-3.98%	7.70%	12.40%	5.59%	5.19%	12.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.73	-17.07	16.40	69.67	58.67	-39.44	19.50	29.95	8.33	-0.41	17.55
NOPAT to Interest Expense	-1.90	-6.67	10.48	46.20	42.00	-17.97	15.18	21.66	5.57	4.21	12.29
EBIT Less CapEx to Interest Expense	-10.69	-50.60	-85.40	-140.33	-154.67	-109.78	-17.06	-0.65	-19.00	-20.00	5.39
NOPAT Less CapEx to Interest Expense	-9.85	-40.21	-91.32	-163.80	-171.33	-88.30	-21.38	-8.94	-21.76	-15.39	0.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	4.36%	11.53%	19.55%	28.29%	35.60%	43.51%	33.64%	24.83%

Frequently Asked Questions About United States Steel's Financials

When does United States Steel's financial year end?

According to the most recent income statement we have on file, United States Steel's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has United States Steel's net income changed over the last 9 years?

United States Steel's net income appears to be on an upward trend, with a most recent value of $384 million in 2024, falling from -$1.64 billion in 2015. The previous period was $895 million in 2023. Check out United States Steel's forecast to explore projected trends and price targets.

What is United States Steel's operating income?

United States Steel's total operating income in 2024 was $240 million, based on the following breakdown:

Total Gross Profit: $1.58 billion
Total Operating Expenses: $1.34 billion

How has United States Steel revenue changed over the last 9 years?

Over the last 9 years, United States Steel's total revenue changed from $11.57 billion in 2015 to $15.64 billion in 2024, a change of 35.1%.

How much debt does United States Steel have?

United States Steel's total liabilities were at $8.80 billion at the end of 2024, a 5.5% decrease from 2023, and a 30.7% increase since 2015.

How much cash does United States Steel have?

In the past 9 years, United States Steel's cash and equivalents has ranged from $749 million in 2019 to $3.50 billion in 2022, and is currently $1.37 billion as of their latest financial filing in 2024.

How has United States Steel's book value per share changed over the last 9 years?

Over the last 9 years, United States Steel's book value per share changed from 16.65 in 2015 to 50.39 in 2024, a change of 202.6%.

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This page (NYSE:X) was last updated on 5/21/2025 by MarketBeat.com Staff

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United States Steel (X) Financials

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United States Steel (X) Financials

Annual Income Statements for United States Steel

Quarterly Income Statements for United States Steel

Annual Cash Flow Statements for United States Steel

Quarterly Cash Flow Statements for United States Steel

Annual Balance Sheets for United States Steel

Quarterly Balance Sheets for United States Steel

Annual Metrics And Ratios for United States Steel

Quarterly Metrics And Ratios for United States Steel

Frequently Asked Questions About United States Steel's Financials

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