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.


Peer comparison

Dec 31, 2023