Nucor Corp (NUE)

Operating 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
Operating income (ttm)	US$ in thousands	5,902,280	6,606,050	8,417,180	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	1,652,324	1,589,499	1,451,645	2,128,717	2,476,596	2,815,090
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
Operating profit margin		17.00%	18.49%	22.47%	27.80%	30.12%	32.28%	33.73%	32.18%	30.22%	26.20%	20.45%	14.96%	11.06%	9.72%	8.04%	7.19%	6.43%	8.96%	9.89%	11.00%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,902,280K ÷ $34,713,500K
= 17.00%

The operating profit margin of Nucor Corp. has shown a decreasing trend over the last eight quarters, starting at 27.33% in Q1 2022 and declining to 17.95% in Q4 2023. This downward trend indicates a decrease in the company's ability to generate profits from its core operations over this period. Factors such as increasing costs, lower sales prices, or inefficient operational management may have contributed to this declining trend. It is important for Nucor Corp. to closely monitor and address the factors affecting its operating profit margin to ensure long-term sustainable profitability.