Nucor Corp (NUE)
Net 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 4,524,799 | 4,995,130 | 5,548,370 | 6,648,250 | 7,607,330 | 8,602,020 | 9,035,010 | 7,980,650 | 6,827,462 | 4,975,885 | 3,041,560 | 1,643,571 | 721,470 | 430,450 | 512,066 | 789,668 | 1,271,143 | 1,810,099 | 2,211,724 | 2,508,394 |
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 |
Net profit margin | 13.03% | 13.98% | 14.81% | 16.73% | 18.33% | 19.93% | 21.03% | 19.97% | 18.71% | 15.86% | 11.70% | 7.63% | 3.58% | 2.15% | 2.49% | 3.57% | 5.63% | 7.62% | 8.84% | 9.80% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,524,799K ÷ $34,713,500K
= 13.03%
The net profit margin of Nucor Corp. has shown a declining trend over the last eight quarters, decreasing from 18.25% in Q4 2022 to 12.99% in Q4 2023. This indicates that the company's profitability relative to its revenue has been weakening.
The continuous decrease in the net profit margin may be a cause for concern as it suggests that the company's ability to generate profits from its operations has been diminishing. It is essential for Nucor Corp. to closely monitor and analyze the factors contributing to this trend to identify potential issues and implement strategies to improve profitability in the future.
Peer comparison
Dec 31, 2023