Nucor Corp (NUE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,884,770 | 9,772,540 | 8,905,950 | 720,980 | 1,683,040 |
| Revenue | US$ in thousands | 34,467,500 | 41,293,600 | 36,320,800 | 19,973,000 | 22,431,500 |
| Pretax margin | 17.07% | 23.67% | 24.52% | 3.61% | 7.50% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,884,770K ÷ $34,467,500K
= 17.07%
Nucor Corp.'s pretax margin has exhibited fluctuations over the past five years. In 2023, the pretax margin stood at 18.07%, showing a decrease from the previous year's figure of 24.68%. This decline indicates a reduction in the percentage of each dollar of revenue that translates into pre-tax profit for the company. Despite the decrease in 2023, Nucor Corp.'s pretax margin remains relatively healthy compared to the lower levels observed in 2020 and 2019, which were 4.15% and 7.89%, respectively. The company achieved its highest pretax margin in 2021 at 25.22%, reflecting strong operational efficiency and profitability during that period. Overall, Nucor Corp.'s pretax margin performance suggests a mix of efficiency and profitability dynamics that require further assessment to understand the underlying factors impacting the company's financial performance.
Peer comparison
Dec 31, 2023