Nucor Corp (NUE)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 2,859,985 | 3,511,705 | 4,651,180 | 5,811,260 | 6,235,100 | 6,786,540 | 7,616,780 | 9,110,560 | 10,437,150 | 11,868,120 | 12,382,780 | 10,898,030 | 9,295,780 | 6,530,303 | 4,003,455 | 2,175,987 | 1,320,553 | 1,280,752 | 1,340,880 | 1,671,452 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 20,294,000 | 20,472,900 | 20,723,500 | 20,693,700 | 20,940,600 | 20,465,700 | 19,953,700 | 19,017,400 | 18,414,700 | 17,708,500 | 16,808,600 | 15,204,600 | 14,016,400 | 13,422,500 | 12,254,000 | 11,447,200 | 10,788,700 | 10,302,400 | 10,194,800 | 10,168,200 |
| Return on total capital | 14.09% | 17.15% | 22.44% | 28.08% | 29.78% | 33.16% | 38.17% | 47.91% | 56.68% | 67.02% | 73.67% | 71.68% | 66.32% | 48.65% | 32.67% | 19.01% | 12.24% | 12.43% | 13.15% | 16.44% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,859,985K ÷ ($—K + $20,294,000K)
= 14.09%
Nucor Corp's return on total capital has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 16.44% in March 2020 and experienced a slight decrease to 13.15% by June 2020. Subsequently, there was a gradual decline in the return on total capital, reaching 12.24% by December 2020.
However, starting from March 2021, there was a remarkable improvement in the company's return on total capital, with consecutive increases in each subsequent quarter. Notably, the return on total capital surged to 73.67% by June 2022, marking a significant peak in performance during that period.
From September 2022 onwards, there was a gradual decrease in the return on total capital, with fluctuations in the percentages recorded. By December 31, 2024, the return on total capital had decreased to 14.09% from its peak in June 2022.
Overall, Nucor Corp's return on total capital demonstrated variability over the analyzed period, highlighting the company's ability to generate returns relative to the total capital employed in its operations.
Peer comparison
Dec 31, 2024