United States Steel (United States Steel) Gross Profit : $2,250 Mil (TTM As of Dec. 2023)

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What is United States Steel Gross Profit?

United States Steel's gross profit for the three months ended in Dec. 2023 was $293 Mil. United States Steel's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,250 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. United States Steel's gross profit for the three months ended in Dec. 2023 was $293 Mil. United States Steel's Revenue for the three months ended in Dec. 2023 was $4,144 Mil. Therefore, United States Steel's Gross Margin % for the quarter that ended in Dec. 2023 was 7.07%.

United States Steel had a gross margin of 7.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of United States Steel was 28.32%. The lowest was 1.91%. And the median was 11.54%.

United States Steel Gross Profit Historical Data

The historical data trend for United States Steel's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United States Steel Gross Profit Chart

United States Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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855.00

186.00

5,742.00

4,288.00

2,250.00

United States Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															404.00	517.00	847.00	593.00	293.00

Competitive Comparison of United States Steel's Gross Profit

For the Steel subindustry, United States Steel's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United States Steel's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, United States Steel's Gross Profit distribution charts can be found below:

* The bar in red indicates where United States Steel's Gross Profit falls into.

United States Steel Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

United States Steel's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	18053	-	15803
	=	2,250

United States Steel's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	4144	-	3851
	=	293

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,250 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

United States Steel's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	293	/	4144
	=	7.07 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

United States Steel (NYSE:X) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

United States Steel had a gross margin of 7.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

United States Steel Gross Profit Related Terms

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United States Steel (United States Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » United States Steel Corp (NYSE:X) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

X:Mexico 1USX1:Italy USX1:Germany USX1:Germany USX1:Germany USX1:Germany X:Chile USSX34:Brazil X:Argentina

Address

600 Grant Street, Pittsburgh, PA, USA, 15219-2800

Website

https://www.ussteel.com

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

Executives

Daniel R Brown	officer: SVP Adv. Tech. Steelmaking	600 GRANT STREET, SUITE 1844, C/O UNITED STATES STEEL CORPORATION, PITTSBURGH PA 15219
David B Burritt	officer: Exec. VP and CFO	600 GRANT STREET, SUITE 1500, PITTSBURGH PA 15219
Scott D Buckiso	officer: VP Euro Solutions & Pres USSK	600 GRANT STREET, PITTSBURGH PA 15219
Kenneth E Jaycox	officer: SVP & Chief Comm. Officer	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 15219
James E. Bruno	officer: Sr VP, Automotive Solutions	600 GRANT STREET, PITTSBURGH PA 15219
Duane D Holloway	officer: SVP, GC, CCO & Corp. Sec	C/O UNITED STATES STEEL CORPORATION, 600 GRANT STREET, PITTSBURGH PA 15219
Alicia J. Davis	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Andrea J. Ayers	director	STANLEY BLACK & DECKER, IN., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Richard Fruehauf	officer: Deputy Gen Counsel - Corporate	600 GRANT STREET, PITTSBURGH PA 15219
Jessica Graziano	officer: SVP & Chief Financial Officer	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Manpreet Grewal	officer: VP, Controller & CAO	600 GRANT STREET, PITTSBURGH PA 15219
Christine S Breves	officer: VP & Supply Chain Officer	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 16059
Terry L Dunlap	director	1000 SIX PPG PLACE, PITTSBURGH PA 15222
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Jeh C. Johnson	director	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177