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.
Peer comparison
Dec 31, 2023