United States Steel Corporation
Description
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical steel products. This segment serves customers in the automotive, construction, pipe and tube, sheet converter, electrical, solar industrial equipment, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. It also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Oct 30, 2025 | — | — | — | — |
Jul 30, 2025 | — | — | — | — |
Apr 30, 2025 | — | — | — | — |
Jan 31, 2025 | 0.20 | — | — | — |
Nov 1, 2024 | 0.47 | 0.56 | 0.09 | 19.15% |
Earnings estimate
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
---|---|---|---|---|
Number of analysts | 3 | 2 | 6 | 3 |
Average estimate | -0.15 | 0.41 | 2.34 | 3.51 |
Low estimate | -0.28 | 0.19 | 1.67 | 3.01 |
High estimate | 0.01 | 0.62 | 2.70 | 4.27 |
Last year EPS | 0.82 | 0.84 | 2.14 | 2.34 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Jan 17, 2025 |
JP Morgan
Bill Peterson
|
Maintains | Overweight | ▼ Lowers $44 → $40 |
Jan 6, 2025 |
Jefferies
Christopher LeFemina
|
Maintains | Buy | ▼ Lowers $45 → $40 |
Dec 20, 2024 |
BMO Capital
Katja Jancic
|
Maintains | Outperform | ▼ Lowers $43 → $40 |
Nov 1, 2024 |
BMO Capital
Katja Jancic
|
Maintains | Outperform | ▼ Lowers $45 → $43 |
Sep 9, 2024 |
JP Morgan
Bill Peterson
|
Upgrade | Overweight | ▲ Raises $40 → $42 |
Sep 9, 2024 |
GLJ Research
Gordon Johnson
|
Upgrade | Buy | Announces $38.57 |
Sep 5, 2024 |
Jefferies
Christopher LeFemina
|
Maintains | Buy | ▼ Lowers $47 → $41 |
Aug 15, 2024 |
Morgan Stanley
Carlos De Alba
|
Maintains | Overweight | ▲ Raises $48 → $49 |
Jul 16, 2024 |
JP Morgan
Bill Peterson
|
Maintains | Neutral | ▼ Lowers $43 → $40 |
Jun 26, 2024 |
BMO Capital
Katja Jancic
|
Upgrade | Outperform | ▲ Raises $43 → $45 |
May 20, 2024 |
Jefferies
Christopher LeFemina
|
Initiates | Buy | Announces $45 |
May 6, 2024 |
Morgan Stanley
Carlos De Alba
|
Upgrade | Overweight | ▼ Lowers $51 → $48 |
May 3, 2024 |
JP Morgan
Bill Peterson
|
Maintains | Neutral | ▼ Lowers $47 → $43 |
Apr 9, 2024 |
Wolfe Research
Timna Tanners
|
Upgrade | Outperform | — |
Mar 19, 2024 |
BMO Capital
Katja Jancic
|
Maintains | Market Perform | ▼ Lowers $55 → $45 |
Feb 15, 2024 |
Morgan Stanley
Carlos De Alba
|
Downgrade | Equal-Weight | ▲ Raises $40 → $51 |
Jan 12, 2024 |
JP Morgan
Bill Peterson
|
Initiates | Neutral | Announces $52 |
Nov 3, 2023 |
Argus Research
David Coleman
|
Downgrade | Hold | — |
Oct 2, 2023 |
Morgan Stanley
Carlos De Alba
|
Upgrade | Overweight | Announces $40 |
Sep 26, 2023 |
Citigroup
Alexander Hacking
|
Maintains | Neutral | ▲ Raises $30 → $32 |
Sep 25, 2023 |
Citigroup
Alexander Hacking
|
Maintains | Neutral | ▲ Raises $30 → $32 |
Aug 1, 2023 |
Morgan Stanley
|
Reiterates | Equal-Weight | — |
Jul 31, 2023 |
BMO Capital
|
Maintains | Market Perform | — |
Jul 12, 2023 |
GLJ Research
|
Maintains | Sell | — |
Jul 5, 2023 |
Exane BNP Paribas
Tristan Gresser
|
Downgrade | Neutral | Announces $26 |
Jun 21, 2023 |
Morgan Stanley
|
Reiterates | Equal-Weight | — |
Jun 1, 2023 |
Wolfe Research
Timna Tanners
|
Downgrade | Underperform | Announces $19 |
May 23, 2023 |
JP Morgan
Bill Peterson
|
Initiates | Neutral | Announces $24 |
May 22, 2023 |
Morgan Stanley
Carlos De Alba
|
Maintains | Equal-Weight | ▼ Lowers $30 → $25 |
May 1, 2023 |
BMO Capital
Katja Jancic
|
Maintains | Market Perform | ▼ Lowers $30 → $27 |
Income statement
2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|
Fiscal date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
Total reported revenue | 15.64B | 18.05B | 21.07B | 20.28B | 9.74B |
Cost of revenue | 14.06B | 15.80B | 16.78B | 14.53B | 9.56B |
Gross profit | 1.58B | 2.25B | 4.29B | 5.74B | 186.00M |
Operating expense | |||||
Research & development | — | — | — | — | — |
Selling general and admin | 435.00M | 501.00M | 422.00M | 426.00M | 277.00M |
Other operating expenses | 77.00M | -16.00M | -47.00M | -35.00M | 3.00M |
Operating income | 155.00M | 849.00M | 3.12B | 4.56B | -737.00M |
Non operating interest income | |||||
Income | 96.00M | 141.00M | 44.00M | 4.00M | 7.00M |
Expense | 24.00M | 72.00M | 159.00M | 313.00M | 280.00M |
Other income expense | 234.00M | 152.00M | 273.00M | 122.00M | -298.00M |
Pretax income | 438.00M | 1.05B | 3.26B | 4.34B | -1.31B |
Tax provision | 54.00M | 152.00M | 735.00M | 170.00M | -142.00M |
Net income | 384.00M | 895.00M | 2.52B | 4.17B | -1.17B |
Basic EPS | — | 3.98 | 10.22 | 15.77 | -5.92 |
Diluted EPS | — | 3.56 | 9.16 | 14.88 | -5.92 |
Basic average shares | — | 224.76M | 246.99M | 264.67M | 196.72M |
Diluted average shares | — | 224.76M | 246.99M | 264.67M | 196.72M |
EBITDA | 1.39B | 2.15B | 4.43B | 5.65B | -147.00M |
Net income from continuing op. | 384.00M | 895.00M | 2.52B | 4.17B | -1.17B |
Minority interests | — | — | — | — | — |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|
Fiscal date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
Total assets | 20.16B | 20.38B | 19.38B | 17.82B | 12.06B |
Current assets | |||||
Cash | — | — | — | — | — |
Cash equivalents | — | — | — | — | — |
Cash and cash equivalents | 1.37B | 2.95B | 3.50B | 2.52B | 1.99B |
Other short term investments | — | — | — | — | — |
Accounts receivable | 1.24B | 1.39B | 1.49B | 2.09B | 994.00M |
Other receivables | — | — | — | — | — |
Inventory | 2.17B | 2.13B | 2.36B | 2.21B | 1.40B |
Prepaid assets | — | — | — | — | — |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | — | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | 299.00M | 319.00M | 368.00M | 331.00M | 51.00M |
Non current assets | |||||
Properties | 1.31B | 1.24B | 1.16B | 1.14B | 1.12B |
Land and improvements | 257.00M | 216.00M | 210.00M | 213.00M | 237.00M |
Machinery furniture equipment | 19.89B | 16.90B | 16.00B | 16.06B | 14.79B |
Construction in progress | 1.97B | 3.87B | 2.47B | 885.00M | 613.00M |
Leases | — | — | — | — | — |
Accumulated depreciation | -14.27B | -13.58B | -12.73B | -12.42B | -12.26B |
Goodwill | 2.18B | 2.20B | 2.24B | 2.36B | 137.00M |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 341.00M | 361.00M | 403.00M | 519.00M | 129.00M |
Investments and advances | 736.00M | 742.00M | 818.00M | 660.00M | 1.14B |
Other non current assets | 886.00M | 908.00M | 738.00M | 1.13B | 696.00M |
Total liabilities | 8.80B | 9.31B | 9.15B | 8.71B | 8.18B |
Current liabilities | |||||
Accounts payable | 2.60B | 2.89B | 2.87B | 2.81B | 1.78B |
Accrued expenses | 365.00M | 512.00M | 560.00M | 493.00M | 367.00M |
Short term debt | 130.00M | 186.00M | 112.00M | 86.00M | 251.00M |
Deferred revenue | — | — | — | — | — |
Tax payable | 131.00M | 222.00M | 271.00M | 365.00M | 154.00M |
Pensions | — | — | — | — | — |
Other current liabilities | — | — | — | — | — |
Non current liabilities | |||||
Long term debt | 4.12B | 4.15B | 4.02B | 4.00B | 4.86B |
Provision for risks and charges | — | — | — | — | — |
Deferred liabilities | 657.00M | 587.00M | 456.00M | 122.00M | 11.00M |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 526.00M | 497.00M | 504.00M | 505.00M | 333.00M |
Shareholders equity | |||||
Common stock | 288.00M | 286.00M | 283.00M | 280.00M | 229.00M |
Retained earnings | 7.22B | 6.88B | 6.03B | 3.53B | -623.00M |
Other shareholders equity | -21.00M | 46.00M | -85.00M | 331.00M | -47.00M |
Total shareholders equity | 11.44B | 11.14B | 10.31B | 9.10B | 3.88B |
Additional paid in capital | 5.31B | 5.25B | 5.19B | 5.20B | 4.40B |
Treasury stock | 1.45B | 1.42B | 1.20B | 334.00M | 175.00M |
Minority interest | 93.00M | 93.00M | 93.00M | 93.00M | 93.00M |
Cash flow statement
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||||||||||||||||||||||
Net Income | 384.00M | 895.00M | 2.52B | 4.17B | -1.17B | -630.00M | 1.12B | 387.00M | -440.00M | -1.64B | 102.00M | -1.65B | -125.00M | -53.00M | -482.00M | -1.41B | 2.15B | 890.00M | 1.37B | 910.00M | 1.14B | -420.00M | 61.00M | -218.00M | -21.00M | 44.00M | 364.00M | 452.00M | 275.00M | 303.00M | 201.00M | -169.00M | -271.00M | -507.00M | 310.00M |
Depreciation | 913.00M | 916.00M | 791.00M | 791.00M | 643.00M | 616.00M | 521.00M | 501.00M | 507.00M | 547.00M | 627.00M | 684.00M | 661.00M | 681.00M | 658.00M | 661.00M | 605.00M | 506.00M | 441.00M | 366.00M | 382.00M | 363.00M | 350.00M | 344.00M | 360.00M | 304.00M | 283.00M | 303.00M | 292.00M | 318.00M | 314.00M | 314.00M | 288.00M | 253.00M | 278.00M |
Deferred Taxes | 113.00M | 97.00M | 501.00M | -52.00M | -130.00M | 202.00M | -329.00M | -72.00M | 9.00M | 213.00M | 76.00M | -386.00M | 74.00M | -68.00M | 206.00M | -156.00M | 366.00M | 182.00M | 57.00M | 43.00M | 360.00M | -443.00M | -39.00M | 18.00M | 389.00M | 107.00M | 158.00M | 193.00M | 150.00M | 133.00M | 93.00M | -38.00M | — | — | — |
Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Non-Cash Items | 8.00M | 36.00M | 48.00M | 128.00M | 138.00M | 275.00M | -41.00M | 63.00M | 182.00M | 252.00M | 429.00M | 340.00M | 119.00M | 85.00M | 17.00M | -69.00M | -199.00M | -9.00M | 21.00M | -73.00M | 1.00M | 534.00M | -73.00M | 74.00M | 108.00M | -10.00M | -80.00M | -46.00M | -148.00M | -64.00M | -44.00M | 163.00M | -286.00M | 263.00M | -169.00M |
Accounts Receivable | 174.00M | 103.00M | 370.00M | -955.00M | 98.00M | 453.00M | -312.00M | -36.00M | -182.00M | 792.00M | -199.00M | 114.00M | 246.00M | -424.00M | -489.00M | 942.00M | -290.00M | 222.00M | -93.00M | 165.00M | -550.00M | -99.00M | -134.00M | 452.00M | -310.00M | -563.00M | 202.00M | -24.00M | -10.00M | 107.00M | -135.00M | -164.00M | 91.00M | — | — |
Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Assets & Liabilities | -333.00M | 31.00M | -266.00M | -567.00M | 404.00M | 213.00M | -381.00M | -171.00M | 501.00M | 397.00M | -86.00M | -388.00M | 209.00M | -327.00M | -624.00M | 554.00M | -451.00M | 292.00M | -158.00M | -161.00M | 38.00M | 190.00M | -131.00M | 212.00M | -16.00M | -13.00M | 7.00M | -57.00M | -47.00M | -14.00M | -29.00M | 14.00M | -21.00M | — | — |
Operating Cash Flow | 1.26B | 2.08B | 3.97B | 3.52B | -12.00M | 1.13B | 573.00M | 672.00M | 577.00M | 559.00M | 949.00M | -1.28B | 1.18B | -106.00M | -714.00M | 526.00M | 2.19B | 2.08B | 1.64B | 1.25B | 1.37B | 125.00M | 34.00M | 882.00M | 510.00M | -131.00M | 934.00M | 821.00M | 512.00M | 783.00M | 400.00M | 120.00M | -199.00M | 9.00M | 419.00M |
Investing Activities | |||||||||||||||||||||||||||||||||||
Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.00M | 34.00M | — | — | -223.00M | -277.00M | -289.00M | 159.00M | -176.00M | -257.00M | -229.00M | 93.00M | -259.00M | -406.00M | -391.00M |
Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | -12.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Net Acquisitions | — | — | 12.00M | 2.00M | -1.00M | -710.00M | 30.00M | 116.00M | — | -25.00M | — | — | — | — | — | -24.00M | -105.00M | -4.03B | — | — | -1.00M | -905.00M | -51.00M | -4.00M | -45.00M | -15.00M | — | — | — | — | — | — | — | — | — |
Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -35.00M | -15.00M | — | — | — | — | — | — | — | — | — |
Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Investing Cash Flow | 11.00M | 8.00M | 90.00M | 23.00M | 162.00M | -706.00M | 40.00M | 121.00M | 12.00M | -8.00M | 58.00M | 103.00M | 134.00M | 76.00M | 127.00M | 283.00M | -115.00M | -3.97B | 26.00M | 29.00M | 95.00M | -809.00M | -46.00M | 48.00M | -284.00M | -299.00M | -349.00M | 134.00M | -139.00M | -252.00M | -217.00M | 84.00M | -327.00M | -456.00M | -427.00M |
Financing Activities | |||||||||||||||||||||||||||||||||||
Long-Term Debt Issuance | — | 241.00M | 343.00M | 864.00M | 2.55B | 1.56B | 228.00M | 737.00M | 958.00M | — | — | 575.00M | 1.01B | 4.91B | 776.00M | 966.00M | 359.00M | 2.98B | — | 273.00M | 133.00M | 442.00M | 40.00M | — | 1.21B | 497.00M | — | — | — | — | — | — | — | — | — |
Long-Term Debt Payments | -128.00M | -89.00M | -382.00M | -4.27B | -1.70B | -255.00M | -1.30B | -1.13B | -1.09B | -379.00M | -325.00M | -542.00M | -1.35B | -4.79B | -417.00M | -800.00M | -424.00M | -873.00M | -607.00M | -52.00M | -704.00M | -45.00M | -72.00M | -444.00M | -6.00M | -11.00M | — | — | — | — | — | — | — | — | — |
Other Financing Charges | -71.00M | -75.00M | 20.00M | -27.00M | -9.00M | -42.00M | -8.00M | -10.00M | -19.00M | -1.00M | — | — | — | 1.00M | — | 161.00M | 111.00M | -5.00M | -13.00M | 4.00M | 46.00M | — | -54.00M | — | — | — | — | — | — | — | -57.00M | — | 218.00M | -37.00M | -89.00M |
Financing Cash Flow | -199.00M | -98.00M | -868.00M | -3.84B | -212.00M | 1.14B | -550.00M | -435.00M | 297.00M | -409.00M | -354.00M | 4.00M | -753.00M | 477.00M | 335.00M | 938.00M | 10.00M | 1.90B | -1.35B | 170.00M | -203.00M | 627.00M | 122.00M | -501.00M | 1.09B | 387.00M | -49.00M | -48.00M | -53.00M | 100.00M | 139.00M | 617.00M | 374.00M | -83.00M | -214.00M |
Other Cash Details | |||||||||||||||||||||||||||||||||||
End Cash Position | 1.41B | 2.99B | 3.54B | 2.60B | 2.12B | 939.00M | 1.04B | 1.60B | 1.56B | 755.00M | 1.35B | 604.00M | 570.00M | 408.00M | 578.00M | 1.22B | 724.00M | 401.00M | 1.42B | 1.48B | 1.04B | 316.00M | 243.00M | 147.00M | 219.00M | 22.00M | 9.00M | 18.00M | — | — | — | — | — | — | — |
Income Tax Paid | 53.00M | 86.00M | 242.00M | 75.00M | — | — | 39.00M | 40.00M | 6.00M | — | — | 20.00M | 71.00M | — | — | — | — | — | — | — | — | 5.00M | 4.00M | — | 10.00M | 2.00M | — | — | — | — | — | — | — | — | — |
Interest Paid | 35.00M | 68.00M | 161.00M | 319.00M | 248.00M | 151.00M | 207.00M | 242.00M | 193.00M | 229.00M | 236.00M | 238.00M | 239.00M | — | — | — | — | — | — | — | — | 145.00M | 124.00M | 182.00M | 71.00M | 77.00M | — | — | — | — | — | — | — | — | — |
Free Cash Flow | -1.37B | -476.00M | 1.74B | 3.23B | -587.00M | -570.00M | -63.00M | 321.00M | 448.00M | -140.00M | 1.07B | -75.00M | 412.00M | -680.00M | -1.06B | -680.00M | 762.00M | 1.04B | 1.02B | 477.00M | 821.00M | 261.00M | 21.00M | 382.00M | -871.00M | -367.00M | 70.00M | 215.00M | -251.00M | 263.00M | -204.00M | -112.00M | -387.00M | -423.00M | 28.00M |
Top Institutional Holders
Holder | Date Reported | Shares | Value | % Held |
---|---|---|---|---|
iShares Core S&P Midcap ETF | Nov 30, 2024 | 7,185,417 | 271.61M | 3.19% |
Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 6,405,353 | 242.12M | 2.84% |
Vanguard Small-Cap Index Fund | Sep 30, 2024 | 5,068,271 | 191.58M | 2.25% |
Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 3,430,891 | 129.69M | 1.52% |
Vanguard Extended Market Index Fund | Sep 30, 2024 | 3,345,903 | 126.48M | 1.49% |
DFA U.S. Small Cap Value Series | Oct 31, 2024 | 3,049,811 | 115.28M | 1.35% |
MFS Series Trust XI-MFS Mid Cap Value Fund | Sep 30, 2024 | 2,951,635 | 111.57M | 1.31% |
SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF | Nov 30, 2024 | 2,245,167 | 84.87M | 1.00% |
Vanguard Selected Value Fund | Oct 31, 2024 | 2,258,900 | 85.39M | 1.00% |
Merger Fund, The | Sep 30, 2024 | 1,897,998 | 71.74M | 0.84% |