Nucor Corp (NUE)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	7,814,390	12,503,300	11,025,400	2,227,950	2,679,080
Revenue	US$ in thousands	34,467,500	41,293,600	36,320,800	19,973,000	22,431,500
Gross profit margin		22.67%	30.28%	30.36%	11.15%	11.94%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $7,814,390K ÷ $34,467,500K
= 22.67%

Nucor Corp.'s gross profit margin has exhibited fluctuations over the past five years. In 2023, the gross profit margin decreased to 22.51% compared to 30.12% in 2022 and 30.22% in 2021. This decline suggests a potential decrease in the company's profitability in the most recent period. However, the gross profit margin in 2020 and 2019 was even lower at 11.06% and 11.86%, respectively, indicating an improvement in profitability in recent years. Further analysis is recommended to understand the factors contributing to these fluctuations and assess the company's overall financial performance.