Nucor Corp (NUE)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	7,814,390	8,518,160	9,440,750	11,043,340	12,503,280	13,928,990	14,491,870	12,861,110	11,025,410	8,220,738	5,316,663	3,221,122	2,227,950	1,944,610	2,014,926	2,412,461	2,679,085	3,356,157	4,073,796	4,464,892
Revenue (ttm)	US$ in thousands	34,713,500	35,732,930	37,458,000	39,729,240	41,512,560	43,153,000	42,965,400	39,960,060	36,483,900	31,379,560	25,994,320	21,532,470	20,139,670	20,011,360	20,547,900	22,116,580	22,588,860	23,752,990	25,030,690	25,595,470
Gross profit margin		22.51%	23.84%	25.20%	27.80%	30.12%	32.28%	33.73%	32.18%	30.22%	26.20%	20.45%	14.96%	11.06%	9.72%	9.81%	10.91%	11.86%	14.13%	16.28%	17.44%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,814,390K ÷ $34,713,500K
= 22.51%

The gross profit margin of Nucor Corp. has been on a declining trend over the past eight quarters. In Q4 2023, the gross profit margin stood at 22.51%, showing a decrease from the previous quarter. This downward trend is consistent with the general decline observed from 32.18% in Q1 2022 to the latest reported figure. The decreasing gross profit margin may indicate challenges in managing production costs or pricing pressures faced by the company, potentially impacting its overall profitability. Further analysis of the company's cost structure and pricing strategies could provide more insights into the factors contributing to this trend.