United States Steel's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of United States Steel (X) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: United States Steel vs Its Competitors
- TTM: Trailing 12-month revenue of 15,207M vs 241,683M combined for tracked competitors (5.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.0% annualized vs trailing 12 months), vs decelerating (-32.7%) for its tracked peer group.
- Growth: United States Steel generated -10.4% revenue growth year over year in Q1 2025, vs 0.0% for its tracked competitors combined.
- Profitability: Its -3.1% net margin compares with 3.6% for the peer group.
- Peer revenue share: United States Steel accounted for 8.4% of combined revenue among its tracked peer group, down from 9.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.63M compares with $1.17M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
X Sales vs. its Competitors, Q1 2025
United States Steel reported revenue contraction of 10.41 % year on year in Q1 2025, below its competitors' combined revenue change of -0.03 %.
With a net margin of -3.11 %, United States Steel reported lower profitability than its competitors (3.64 %).
United States Steel generated 8.39 % of the combined sales of its peer group, down from 9.28 % a year earlier.
United States Steel vs. its Competitors, Q1 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across United States Steel and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| United States Steel Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across United States Steel's competitor groups requires a Commercial License.
For context: the Iron & Steel industry grew revenue 0.0% year over year, combined, vs -10.4% for United States Steel. United States Steel's share of combined industry revenue moved from 1.87% to 1.68%, a loss of 0.20 percentage points.
United States Steel's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| United States Steel Corp | Yes | No | No | Yes |
| Competitors combined (30) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
X Stock Performance relative to its Competitors
X Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ati Inc | 282.9% | Outperformed |
| 2 | Materion Corporation | 282.9% | Outperformed |
| 3 | Kaiser Aluminum Corporation | 282.9% | Outperformed |
| 4 | Arcelormittal | 282.9% | Outperformed |
| 5 | Nucor Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for United States Steel's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
United States Steel's Comment on Competition and Industry Peers
Publicly Traded Peers of United States Steel Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| United States Steel Corp | 12,374.37 | 15,207.00 |
| Nucor Corporation | 55,891.01 | 36,101.00 |
| Arcelormittal | 53,436.16 | 61,352.00 |
| Clubhouse Media Group Inc | 34,381.58 | 2.69 |
| Steel Dynamics Inc | 33,357.87 | 20,538.68 |
| Ati Inc | 25,256.35 | 4,715.20 |
| SUBTOTAL | 319,701.03 | 256,917.05 |
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Sources: United States Steel Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on United States Steel Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
United States Steel's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| United States Steel Corp | 12,374 | 633,625 | 4,042 |
| Nucor Corporation | 55,891 | 1,093,970 | 98,667 |
| Arcelormittal | 53,436 | 475,596,899 | 25,139,535 |
| Clubhouse Media Group Inc | 34,382 | 64,021 | -49,295 |
| Steel Dynamics Inc | 33,358 | 1,426,297 | 111,065 |
| Ati Inc | 25,256 | 620,421 | 64,329 |
| PEERS TOTAL | 307,327 | 1,169,750 | 66,251 |
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United States Steel's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Steel Dynamics Inc | US 92.24 % |
| Ati Inc | United States 60.14 % |
| Valmont Industries Inc | North America 75.89 % |
| Remitly Global Inc | United States 65.76 % |
| Azz Inc | United States 97.20 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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United States Steel's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| United States Steel Corp | Flat Rolled Products 60.10 % |
| Nucor Corporation | Steel mills 63.56 % |
| Ati Inc | High Performance Materials & Components 56.92 % |
| Reliance Inc | Metals Service Centers Segment 100.00 % |
| Mueller Industries Inc | Piping Systems 63.75 % |
| Alcoa Corp | Aluminum 79.58 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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United States Steel's Position in Industry Market Structure
Market-capitalization share and concentration across all 29 companies in United States Steel's industry classification, broader than the peer set above. Market cap in millions of $.United States Steel ranks #0 of 29 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,141, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nucor Corporation | 55,891 | 18.91 % |
| 2 | Arcelormittal | 53,436 | 18.08 % |
| 3 | Steel Dynamics Inc | 33,358 | 11.29 % |
| 4 | Tenaris Sa | 29,635 | 10.03 % |
| 5 | Ati Inc | 1,234 | 5.2% |
| 6 | Reliance Inc | 1,234 | 5.2% |
| 7 | Carpenter Technology Corporation | 1,234 | 5.2% |
| 8 | Posco Holdings Inc | 1,234 | 5.2% |
| 9 | Ternium S a | 1,234 | 5.2% |
| 10 | Gerdau S a | 1,234 | 5.2% |
| 0 | United States Steel Corp | 12,234 | 0.00 % |
Market cap and industry share for the rest of United States Steel's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-06-20.
United States Steel's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Iron & Steel industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (39 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 8.67 % | 24.76 % (avg) | -16.1 pp |
| Operating Margin | -0.24 % | industry median | -2.6 pp |
| EBITDA Margin | 6.65 % | 3.07 % (avg) | +3.6 pp |
| Capital Intensity (Capex / Revenue) | 13.19 % | 4.65 % (avg) | +8.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
United States Steel's Valuation vs Competitive Position
Valuation multiples vs the Iron & Steel industry average (39 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 114.2x | 31.3x | +83.0x |
| EV / EBITDA | 11.7x | 13.1x | -1.5x |
| P/B | 0.8x | 2.4x | -1.6x |
| Return on Equity | 0.85 % | industry aggregate | -6.74 % |
| Return on Invested Capital | -0.12 % | 1.14 % (avg) | -1.26 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
United States Steel's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 19.38 % | 12.65 % | -16.62 % | -15.34 % | 108.14 % | 3.90 % | -14.30 % | -13.37 % |
| Operating Margin | 4.96 % | 8.14 % | -2.00 % | -11.04 % | 24.39 % | 15.00 % | 4.43 % | 1.53 % |
| Return on Invested Capital | 6.31 % | 10.07 % | -1.84 % | -8.07 % | 25.28 % | 12.21 % | 2.90 % | 0.83 % |
| P/E | 15.3x | 3.6x | - | - | 1.6x | 2.8x | 11.6x | 23.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
United States Steel's Strategic Group Map
Every company in United States Steel's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. United States Steel is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
United States Steel's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,141 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 13.19 % vs industry average 4.65 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See United States Steel's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See United States Steel's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
United States Steel's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
United States Steel falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
United States Steel's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 6.7 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-2.0% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-32.7% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
United States Steel's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| United States Steel Corp | 0.42 | 1.60 | 0.37 |
| Nucor Corporation | 0.52 | 2.76 | 0.31 |
| Arcelormittal | 0.24 | 1.36 | 0.05 |
| Clubhouse Media Group Inc | 0.01 | 0.04 | - |
| Steel Dynamics Inc | 0.31 | 3.12 | 0.46 |
| Ati Inc | 0.44 | 2.52 | 1.29 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
United States Steel's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| United States Steel Corp | Q1 2025 | -10.4 % | - |
| Nucor Corporation | Q2 2026 | +23.0 % | +81.3 % |
| Arcelormittal | Q4 2025 | -1.7 % | +135.0 % |
| Clubhouse Media Group Inc | Q2 2024 | -46.9 % | - |
| Steel Dynamics Inc | Q2 2026 | +33.4 % | +76.2 % |
| Ati Inc | Q2 2026 | +10.6 % | +48.4 % |
| PEERS TOTAL | +7.1 % | +122.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
United States Steel's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| United States Steel Corp | Q1 2025 | -4.7 % | -43.9 % |
| Nucor Corporation | Q2 2026 | +15.6 % | -40.1 % |
| Arcelormittal | Q4 2025 | +1.1 % | - |
| Clubhouse Media Group Inc | Q2 2024 | -35.0 % | -50.5 % |
| Steel Dynamics Inc | Q2 2026 | +30.0 % | -57.0 % |
| Ati Inc | Q2 2026 | +5.9 % | -4.9 % |
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United States Steel's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| United States Steel Corp | 0.48% | 0.55% | 0.85% |
| Nucor Corporation | 9.14% | 9.96% | 14.49% |
| Arcelormittal | 3.32% | 4.09% | 5.74% |
| Clubhouse Media Group Inc | - | - | - |
| Steel Dynamics Inc | 9.66% | 10.53% | 17.76% |
| Ati Inc | 9.28% | 10.11% | 25.64% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
United States Steel's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| United States Steel Corp | 156.69 | 0.81 |
| Nucor Corporation | 19.52 | 1.55 |
| Arcelormittal | 16.95 | 0.87 |
| Clubhouse Media Group Inc | - | 12,786.65 |
| Steel Dynamics Inc | 20.97 | 1.62 |
| Ati Inc | 53.71 | 5.36 |
| PEERS AVERAGE | 23.19 | 1.24 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.