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