Nucor Corp (NUE)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,901,999	3,589,886	4,749,693	5,901,310	6,272,750	6,728,040	7,502,880	8,943,500	10,244,840	11,719,200	12,265,390	10,800,740	9,200,870	6,410,876	3,832,184	1,987,491	835,538	796,002	885,923	1,239,488
Revenue (ttm)	US$ in thousands	30,734,410	31,362,940	32,694,510	34,140,600	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
Pretax margin		9.44%	11.45%	14.53%	17.29%	18.07%	18.83%	20.03%	22.51%	24.68%	27.16%	28.55%	27.03%	25.22%	20.43%	14.74%	9.23%	4.15%	3.98%	4.31%	5.60%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,901,999K ÷ $30,734,410K
= 9.44%

The pretax margin of Nucor Corp has shown fluctuations over the past few years according to the provided data. Initially, from March 31, 2020, to December 31, 2020, the pretax margin ranged from 3.98% to 5.60%, indicating moderate profitability before experiencing a significant increase to 9.23% by March 31, 2021.

The profitability of Nucor Corp improved remarkably in the subsequent quarters, growing to 28.55% by June 30, 2022, representing a substantial increase. However, the pretax margin started declining gradually thereafter, recording 9.44% by December 31, 2024.

Overall, the pretax margin of Nucor Corp went through peaks and troughs during the period under review, with notable fluctuations in profitability levels. These fluctuations can be attributed to various factors such as changes in sales volume, pricing dynamics, operating expenses, and overall economic conditions impacting the steel industry.