Nucor Corp (NUE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,924,940 | 7,820,210 | 7,190,680 | 664,455 | 793,999 |
| Revenue | US$ in thousands | 34,467,500 | 41,293,600 | 36,320,800 | 19,973,000 | 22,431,500 |
| Operating profit margin | 11.39% | 18.94% | 19.80% | 3.33% | 3.54% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,924,940K ÷ $34,467,500K
= 11.39%
The operating profit margin of Nucor Corp. has shown variation over the past five years. In 2023, the operating profit margin decreased to 17.95% from 25.31% in 2022 and 25.54% in 2021. This decline may indicate a decrease in the company's ability to generate profits from its core operations in 2023 compared to the previous two years.
However, when comparing the operating profit margin in 2020 and 2019, there was a significant improvement from 8.01% in 2020 to 8.71% in 2019. This suggests that Nucor Corp. was able to enhance its operational efficiency and profitability in 2019.
Overall, analyzing the trend in Nucor Corp.'s operating profit margin indicates fluctuations in the company's ability to generate profits from its core operations over the past five years. Further investigation into the factors influencing these fluctuations would provide more insight into the company's operational performance.
Peer comparison
Dec 31, 2023