Nucor Corp (NUE)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 5,884,766 6,356,980 7,107,280 8,507,620 9,772,540 11,227,690 11,782,640 10,419,400 8,905,940 6,178,643 3,666,266 1,861,891 720,980 682,037 782,617 1,134,660 1,683,040 2,374,225 2,905,313 3,279,724
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
Pretax margin 16.95% 17.79% 18.97% 21.41% 23.54% 26.02% 27.42% 26.07% 24.41% 19.69% 14.10% 8.65% 3.58% 3.41% 3.81% 5.13% 7.45% 10.00% 11.61% 12.81%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,884,766K ÷ $34,713,500K
= 16.95%

The pretax margin of Nucor Corp. has exhibited a declining trend over the past eight quarters, dropping from 27.03% in Q1 2022 to 18.07% in Q4 2023. This indicates a decrease in the company's ability to generate profits before accounting for taxes and reflects potential challenges in maintaining operational efficiency and controlling costs. The downward trajectory may raise concerns about the company's overall profitability and financial performance, highlighting the need for management to assess and address factors impacting the pretax margin.


Peer comparison

Dec 31, 2023