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

CEO
Mr. David Boyd Burritt
Employees
21,803
Instrument type
Common Stock
Sector
Basic Materials
Industry
Steel
MIC code
XNYS
Address
600 Grant Street, Pittsburgh, PA 15219-2800, United States
Phone
412 433 1121
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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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
[stock_revenue_estimate]

Growth estimates

Current qtr (Mar 2025)
-133.140%
Next qtr. (Jun 2025)
-37.020%
Current year (Dec 2025)
-0.830%
Next year (Dec 2026)
65.370%
Next 5 years (per annum)
Past 5 years (per annum)

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

20242023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990
Operating Activities
Net Income384.00M895.00M2.52B4.17B-1.17B-630.00M1.12B387.00M-440.00M-1.64B102.00M-1.65B-125.00M-53.00M-482.00M-1.41B2.15B890.00M1.37B910.00M1.14B-420.00M61.00M-218.00M-21.00M44.00M364.00M452.00M275.00M303.00M201.00M-169.00M-271.00M-507.00M310.00M
Depreciation913.00M916.00M791.00M791.00M643.00M616.00M521.00M501.00M507.00M547.00M627.00M684.00M661.00M681.00M658.00M661.00M605.00M506.00M441.00M366.00M382.00M363.00M350.00M344.00M360.00M304.00M283.00M303.00M292.00M318.00M314.00M314.00M288.00M253.00M278.00M
Deferred Taxes113.00M97.00M501.00M-52.00M-130.00M202.00M-329.00M-72.00M9.00M213.00M76.00M-386.00M74.00M-68.00M206.00M-156.00M366.00M182.00M57.00M43.00M360.00M-443.00M-39.00M18.00M389.00M107.00M158.00M193.00M150.00M133.00M93.00M-38.00M
Stock-Based Compensation
Other Non-Cash Items8.00M36.00M48.00M128.00M138.00M275.00M-41.00M63.00M182.00M252.00M429.00M340.00M119.00M85.00M17.00M-69.00M-199.00M-9.00M21.00M-73.00M1.00M534.00M-73.00M74.00M108.00M-10.00M-80.00M-46.00M-148.00M-64.00M-44.00M163.00M-286.00M263.00M-169.00M
Accounts Receivable174.00M103.00M370.00M-955.00M98.00M453.00M-312.00M-36.00M-182.00M792.00M-199.00M114.00M246.00M-424.00M-489.00M942.00M-290.00M222.00M-93.00M165.00M-550.00M-99.00M-134.00M452.00M-310.00M-563.00M202.00M-24.00M-10.00M107.00M-135.00M-164.00M91.00M
Accounts Payable
Other Assets & Liabilities-333.00M31.00M-266.00M-567.00M404.00M213.00M-381.00M-171.00M501.00M397.00M-86.00M-388.00M209.00M-327.00M-624.00M554.00M-451.00M292.00M-158.00M-161.00M38.00M190.00M-131.00M212.00M-16.00M-13.00M7.00M-57.00M-47.00M-14.00M-29.00M14.00M-21.00M
Operating Cash Flow1.26B2.08B3.97B3.52B-12.00M1.13B573.00M672.00M577.00M559.00M949.00M-1.28B1.18B-106.00M-714.00M526.00M2.19B2.08B1.64B1.25B1.37B125.00M34.00M882.00M510.00M-131.00M934.00M821.00M512.00M783.00M400.00M120.00M-199.00M9.00M419.00M
Investing Activities
Capital Expenditures7.00M34.00M-223.00M-277.00M-289.00M159.00M-176.00M-257.00M-229.00M93.00M-259.00M-406.00M-391.00M
Net Intangibles-12.00M
Net Acquisitions12.00M2.00M-1.00M-710.00M30.00M116.00M-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 Flow11.00M8.00M90.00M23.00M162.00M-706.00M40.00M121.00M12.00M-8.00M58.00M103.00M134.00M76.00M127.00M283.00M-115.00M-3.97B26.00M29.00M95.00M-809.00M-46.00M48.00M-284.00M-299.00M-349.00M134.00M-139.00M-252.00M-217.00M84.00M-327.00M-456.00M-427.00M
Financing Activities
Long-Term Debt Issuance241.00M343.00M864.00M2.55B1.56B228.00M737.00M958.00M575.00M1.01B4.91B776.00M966.00M359.00M2.98B273.00M133.00M442.00M40.00M1.21B497.00M
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-75.00M20.00M-27.00M-9.00M-42.00M-8.00M-10.00M-19.00M-1.00M1.00M161.00M111.00M-5.00M-13.00M4.00M46.00M-54.00M-57.00M218.00M-37.00M-89.00M
Financing Cash Flow-199.00M-98.00M-868.00M-3.84B-212.00M1.14B-550.00M-435.00M297.00M-409.00M-354.00M4.00M-753.00M477.00M335.00M938.00M10.00M1.90B-1.35B170.00M-203.00M627.00M122.00M-501.00M1.09B387.00M-49.00M-48.00M-53.00M100.00M139.00M617.00M374.00M-83.00M-214.00M
Other Cash Details
End Cash Position1.41B2.99B3.54B2.60B2.12B939.00M1.04B1.60B1.56B755.00M1.35B604.00M570.00M408.00M578.00M1.22B724.00M401.00M1.42B1.48B1.04B316.00M243.00M147.00M219.00M22.00M9.00M18.00M
Income Tax Paid53.00M86.00M242.00M75.00M39.00M40.00M6.00M20.00M71.00M5.00M4.00M10.00M2.00M
Interest Paid35.00M68.00M161.00M319.00M248.00M151.00M207.00M242.00M193.00M229.00M236.00M238.00M239.00M145.00M124.00M182.00M71.00M77.00M
Free Cash Flow-1.37B-476.00M1.74B3.23B-587.00M-570.00M-63.00M321.00M448.00M-140.00M1.07B-75.00M412.00M-680.00M-1.06B-680.00M762.00M1.04B1.02B477.00M821.00M261.00M21.00M382.00M-871.00M-367.00M70.00M215.00M-251.00M263.00M-204.00M-112.00M-387.00M-423.00M28.00M

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%
U.S. Steel Activist Wants a New CEO. That's Not Why the Stock Is Rising. Article
U.S. Steel Activist Wants a New CEO. That's Not Why the Stock Is Rising.
Activist investors, the president, foreign leaders, unions, and tariffs all figure in a U.S. Steel story that continues to be wild.
Barrons Neutral
Feb 10, 2025
Trump vows to impose 25% tariffs on aluminum, steel Video
Trump vows to impose 25% tariffs on aluminum, steel
Aluminum and steel stocks surged Monday morning following President Donald Trump's promise to impose 25% tariffs on steel and aluminum imports, with US Steel (X) and Alcoa (AA) leading the sector gains. Other climbing stocks in the sector include Commercial Metals (CMC), Nucor Corporation (NUE), and Cleveland-Cliffs (CLF).
Yahoo Finance Positive
Feb 10, 2025
2 Steel Stocks to Watch Amid Trump Tariffs Article
2 Steel Stocks to Watch Amid Trump Tariffs
Shares of steel giants  Nucor Corp (NYSE:NUE) and United States Steel Corp (NYSE:X) are surging after President Donald Trump on Sunday announced plans to impose a 25% tariff on steel and aluminum imports.
Schaeffers Research Positive
Feb 10, 2025
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