Nucor Corp (NUE)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	4,114,984	4,881,704	6,044,570	7,344,710	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
Revenue (ttm)	US$ in thousands	30,734,410	31,362,940	32,694,510	34,140,600	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
Gross profit margin		13.39%	15.57%	18.49%	21.51%	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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,114,984K ÷ $30,734,410K
= 13.39%

The gross profit margin of Nucor Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. At the beginning of the period, the gross profit margin was relatively low at around 10-11%, indicating that the company was generating only a modest profit after accounting for direct costs of goods sold.

However, there was a notable improvement in the gross profit margin starting from March 31, 2021, where it jumped to 14.96% and continued to increase significantly, reaching a peak of 33.73% by June 30, 2022. This upward trend suggests that Nucor Corp was able to effectively manage its production costs and improve the efficiency of its operations during this period.

Subsequently, the gross profit margin started to decline from September 30, 2022, possibly due to factors such as increased competition, rising input costs, or changes in demand dynamics. By December 31, 2024, the gross profit margin had decreased to 13.39%, indicating a reduction in the profitability of the company's core operations.

Overall, the analysis of Nucor Corp's gross profit margin highlights the company's ability to improve profitability in the mid-term but also underscores the challenges it faced in maintaining those levels towards the end of the period under review.