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.