Nucor Corp (NUE)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	4,102,000	7,824,030	12,503,300	11,025,400	2,227,950
Revenue	US$ in thousands	30,734,000	34,713,500	41,512,500	36,483,900	20,139,700
Gross profit margin		13.35%	22.54%	30.12%	30.22%	11.06%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,102,000K ÷ $30,734,000K
= 13.35%

Nucor Corp's gross profit margin has shown significant fluctuations over the five-year period from December 31, 2020, to December 31, 2024. In December 2020, the gross profit margin was at a relatively low 11.06%, indicating that the company was generating only a modest profit after accounting for the cost of goods sold.

However, there was a notable improvement in the following years, with the gross profit margin increasing to 30.22% by December 2021 and remaining at a similar level of 30.12% by December 2022. This sharp rise suggests that Nucor Corp was able to effectively manage its production costs and increase its profitability during this time.

In December 2023, there was a slight decline in the gross profit margin to 22.54%, indicating a potential increase in the cost of goods sold or a decrease in sales revenue relative to the previous year. This dip may warrant further investigation into the company's operational efficiency and pricing strategies.

By December 2024, the gross profit margin had fallen further to 13.35%, signaling a significant decrease in profitability compared to the previous period. This decline could be attributed to various factors such as higher production costs, pricing pressure, or changes in market dynamics.

Overall, Nucor Corp's gross profit margin trend demonstrates both positive and negative fluctuations over the five-year period, highlighting the importance of closely monitoring cost management and pricing strategies to ensure sustainable profitability in the long run.