Nucor Corp (NUE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,902,000 | 6,272,760 | 10,244,800 | 9,200,860 | 835,538 |
| Revenue | US$ in thousands | 30,734,000 | 34,713,500 | 41,512,500 | 36,483,900 | 20,139,700 |
| Pretax margin | 9.44% | 18.07% | 24.68% | 25.22% | 4.15% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,902,000K ÷ $30,734,000K
= 9.44%
The pretax margin of Nucor Corp has shown fluctuations over the past five years. It increased significantly from 4.15% in December 2020 to 25.22% in December 2021, indicating a notable improvement in the company's ability to generate profits before accounting for taxes. This upward trend continued into December 2022 where the pretax margin remained high at 24.68%. However, there was a slight decline in December 2023 to 18.07%, suggesting a slight decrease in profitability. The pretax margin further dropped to 9.44% in December 2024, reflecting a significant reduction in the company's profitability. Despite the fluctuations, Nucor Corp has generally demonstrated a strong pretax margin performance over the period under consideration, with the need for further analysis to understand the reasons behind the fluctuations in its profitability.
Peer comparison
Dec 31, 2024