United States Steel Corporation
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, pellets, pi… Read more
United States Steel Corporation (X) - Net Assets
Latest net assets as of March 2025: $16.01 Billion USD
Based on the latest financial reports, United States Steel Corporation (X) has net assets worth $16.01 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.08 Billion) and total liabilities ($4.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.01 Billion |
| % of Total Assets | 79.71% |
| Annual Growth Rate | 4.91% |
| 5-Year Change | 194.92% |
| 10-Year Change | 349.16% |
| Growth Volatility | 61.07 |
United States Steel Corporation - Net Assets Trend (1990–2024)
This chart illustrates how United States Steel Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United States Steel Corporation (1990–2024)
The table below shows the annual net assets of United States Steel Corporation from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.44 Billion | +2.69% |
| 2023-12-31 | $11.14 Billion | +8.04% |
| 2022-12-31 | $10.31 Billion | +13.27% |
| 2021-12-31 | $9.10 Billion | +134.67% |
| 2020-12-31 | $3.88 Billion | -4.95% |
| 2019-12-31 | $4.08 Billion | -2.90% |
| 2018-12-31 | $4.20 Billion | +26.56% |
| 2017-12-31 | $3.32 Billion | +45.98% |
| 2016-12-31 | $2.27 Billion | -10.68% |
| 2015-12-31 | $2.55 Billion | -32.97% |
| 2014-12-31 | $3.80 Billion | +27.56% |
| 2013-12-31 | $2.98 Billion | -14.35% |
| 2012-12-31 | $3.48 Billion | -0.23% |
| 2011-12-31 | $3.49 Billion | -9.50% |
| 2010-12-31 | $3.85 Billion | -22.64% |
| 2009-12-31 | $4.98 Billion | +1.34% |
| 2008-12-31 | $4.91 Billion | -12.56% |
| 2007-12-31 | $5.62 Billion | +27.62% |
| 2006-12-31 | $4.40 Billion | +31.20% |
| 2005-12-31 | $3.36 Billion | -16.06% |
| 2004-12-31 | $4.00 Billion | +265.78% |
| 2003-12-31 | $1.09 Billion | -46.08% |
| 2002-12-31 | $2.03 Billion | -19.11% |
| 2001-12-31 | $2.51 Billion | +30.45% |
| 2000-12-31 | $1.92 Billion | -16.66% |
| 1999-12-31 | $2.31 Billion | -1.54% |
| 1998-12-31 | $2.34 Billion | +15.32% |
| 1997-12-31 | $2.03 Billion | +24.54% |
| 1996-12-31 | $1.63 Billion | +15.77% |
| 1995-12-31 | $1.41 Billion | +39.54% |
| 1994-12-31 | $1.01 Billion | +63.53% |
| 1993-12-31 | $617.00 Million | +149.80% |
| 1992-12-31 | $247.00 Million | -85.40% |
| 1991-12-31 | $1.69 Billion | -24.60% |
| 1990-12-31 | $2.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United States Steel Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 721900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.22 Billion | 63.62% |
| Common Stock | $288.00 Million | 2.54% |
| Other Comprehensive Income | $-21.00 Million | -0.19% |
| Other Components | $3.86 Billion | 34.03% |
| Total Equity | $11.35 Billion | 100.00% |
United States Steel Corporation Competitors by Market Cap
The table below lists competitors of United States Steel Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Mandiri Persero Tbk PT
PINK:PPERF
|
$11.21 Billion |
|
Nutanix Inc
NASDAQ:NTNX
|
$11.21 Billion |
|
Comerica Incorporated
NYSE:CMA
|
$11.21 Billion |
|
Shaanxi Coal Industry Co Ltd
SHG:601225
|
$11.23 Billion |
|
Grasim Industries Limited
NSE:GRASIM
|
$11.20 Billion |
|
Joint Stock Commercial Bank for Investment and Development of Vietnam
VN:BID
|
$11.18 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
IAMGold Corporation
NYSE:IAG
|
$11.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United States Steel Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,047,000,000 to 11,347,000,000, a change of 300,000,000 (2.7%).
- Net income of 384,000,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 67,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $384.00 Million | +3.38% |
| Other Comprehensive Income | $-67.00 Million | -0.59% |
| Other Changes | $-17.00 Million | -0.15% |
| Total Change | $- | 2.72% |
Book Value vs Market Value Analysis
This analysis compares United States Steel Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $44.00 | $54.84 | x |
| 1991-12-31 | $33.24 | $54.84 | x |
| 1992-12-31 | $4.43 | $54.84 | x |
| 1993-12-31 | $9.62 | $54.84 | x |
| 1994-12-31 | $13.36 | $54.84 | x |
| 1995-12-31 | $17.33 | $54.84 | x |
| 1996-12-31 | $19.16 | $54.84 | x |
| 1997-12-31 | $19.81 | $54.84 | x |
| 1998-12-31 | $23.11 | $54.84 | x |
| 1999-12-31 | $23.50 | $54.84 | x |
| 2000-12-31 | $21.53 | $54.84 | x |
| 2001-12-31 | $28.09 | $54.84 | x |
| 2002-12-31 | $20.81 | $54.84 | x |
| 2003-12-31 | $10.59 | $54.84 | x |
| 2004-12-31 | $31.38 | $54.84 | x |
| 2005-12-31 | $26.09 | $54.84 | x |
| 2006-12-31 | $35.51 | $54.84 | x |
| 2007-12-31 | $46.55 | $54.84 | x |
| 2008-12-31 | $41.77 | $54.84 | x |
| 2009-12-31 | $34.77 | $54.84 | x |
| 2010-12-31 | $26.82 | $54.84 | x |
| 2011-12-31 | $24.21 | $54.84 | x |
| 2012-12-31 | $24.10 | $54.84 | x |
| 2013-12-31 | $20.60 | $54.84 | x |
| 2014-12-31 | $24.98 | $54.84 | x |
| 2015-12-31 | $17.43 | $54.84 | x |
| 2016-12-31 | $14.51 | $54.84 | x |
| 2017-12-31 | $18.81 | $54.84 | x |
| 2018-12-31 | $23.55 | $54.84 | x |
| 2019-12-31 | $23.80 | $54.84 | x |
| 2020-12-31 | $19.25 | $54.84 | x |
| 2021-12-31 | $32.13 | $54.84 | x |
| 2022-12-31 | $36.89 | $54.84 | x |
| 2023-12-31 | $43.26 | $54.84 | x |
| 2024-12-31 | $44.67 | $54.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United States Steel Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.78x
- Recent ROE (3.38%) is above the historical average (-17.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 13.81% | 5.10% | 1.09x | 2.49x | $85.60 Million |
| 1991 | -29.96% | -10.42% | 0.86x | 3.33x | $-676.20 Million |
| 1992 | -650.20% | -32.46% | 0.79x | 25.31x | $-1.63 Billion |
| 1993 | -38.57% | -4.24% | 0.85x | 10.72x | $-299.70 Million |
| 1994 | 19.92% | 3.31% | 0.94x | 6.42x | $100.10 Million |
| 1995 | 21.38% | 4.66% | 0.99x | 4.63x | $160.20 Million |
| 1996 | 16.75% | 4.17% | 0.99x | 4.04x | $110.00 Million |
| 1997 | 25.36% | 6.63% | 1.02x | 3.76x | $273.80 Million |
| 1998 | 17.39% | 5.89% | 0.92x | 3.20x | $154.70 Million |
| 1999 | 2.14% | 0.82% | 0.71x | 3.66x | $-161.60 Million |
| 2000 | -1.09% | -0.34% | 0.70x | 4.53x | $-213.10 Million |
| 2001 | -8.70% | -3.47% | 0.75x | 3.33x | $-468.60 Million |
| 2002 | 3.01% | 0.88% | 0.87x | 3.94x | $-141.70 Million |
| 2003 | -42.36% | -4.96% | 1.19x | 7.17x | $-572.30 Million |
| 2004 | 28.59% | 8.13% | 1.28x | 2.76x | $738.00 Million |
| 2005 | 27.38% | 6.48% | 1.43x | 2.95x | $577.60 Million |
| 2006 | 31.48% | 8.74% | 1.48x | 2.43x | $937.50 Million |
| 2007 | 15.89% | 5.21% | 1.08x | 2.83x | $325.90 Million |
| 2008 | 42.99% | 8.87% | 1.48x | 3.28x | $1.62 Billion |
| 2009 | -29.96% | -12.68% | 0.72x | 3.30x | $-1.87 Billion |
| 2010 | -12.52% | -2.77% | 1.13x | 3.99x | $-867.10 Million |
| 2011 | -1.95% | -0.34% | 1.24x | 4.61x | $-416.50 Million |
| 2012 | -3.57% | -0.64% | 1.27x | 4.38x | $-471.60 Million |
| 2013 | -69.31% | -11.85% | 1.36x | 4.31x | $-2.36 Billion |
| 2014 | 2.68% | 0.58% | 1.42x | 3.24x | $-278.00 Million |
| 2015 | -59.23% | -13.03% | 1.24x | 3.66x | $-1.76 Billion |
| 2016 | -19.35% | -4.29% | 1.12x | 4.03x | $-667.40 Million |
| 2017 | 11.66% | 3.16% | 1.24x | 2.97x | $55.00 Million |
| 2018 | 26.53% | 7.86% | 1.29x | 2.61x | $694.80 Million |
| 2019 | -15.74% | -4.96% | 1.11x | 2.85x | $-1.05 Billion |
| 2020 | -30.77% | -11.96% | 0.81x | 3.19x | $-1.54 Billion |
| 2021 | 46.33% | 20.59% | 1.14x | 1.98x | $3.27 Billion |
| 2022 | 24.70% | 11.98% | 1.08x | 1.90x | $1.50 Billion |
| 2023 | 8.10% | 4.96% | 0.88x | 1.85x | $-209.70 Million |
| 2024 | 3.38% | 2.46% | 0.77x | 1.78x | $-750.70 Million |
Industry Comparison
This section compares United States Steel Corporation's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United States Steel Corporation (X) | $16.01 Billion | 13.81% | 0.25x | $11.20 Billion |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |