Nucor Corp (NUE)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,524,800	7,607,340	6,827,460	721,470	1,271,140
Revenue	US$ in thousands	34,467,500	41,293,600	36,320,800	19,973,000	22,431,500
Net profit margin		13.13%	18.42%	18.80%	3.61%	5.67%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $4,524,800K ÷ $34,467,500K
= 13.13%

Over the past five years, Nucor Corp.'s net profit margin has shown some fluctuations. The net profit margin decreased significantly from 18.63% in 2021 to 3.56% in 2020, indicating a substantial decline in profitability. However, in the following years, the net profit margin recovered and improved, reaching 12.99% in 2023. This rebound suggests that Nucor Corp. was able to enhance its profitability and efficiency in managing costs and generating income. Overall, while there were fluctuations in the net profit margin, the trend has been towards improvement in recent years, reflecting positive performance in generating earnings relative to revenue.