Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $20,140 | $36,484 | $41,512 | $34,714 | $30,734 |
| Gross Profit | $719 | $3,523 | $2,097 | $1,394 | $627 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $721 | $6,827 | $7,607 | $4,525 | $2,027 |
Over the five-year period, Nucor’s revenue shows notable volatility. Beginning at approximately USD 20.1 billion in 2020, revenue surged by about 81% to nearly USD 36.5 billion in 2021, before reaching a high of roughly USD 41.5 billion in 2022. However, revenue declined by roughly 16% in 2023 to USD 34.7 billion and continued its downward trend to USD 30.7 billion in 2024. Gross profit followed a similarly fluctuating path, surging from around USD 718 million in 2020 to a peak of approximately USD 3.52 billion in 2021. Interestingly, gross profit fell by nearly 40% in 2022 to around USD 2.1 billion and continued to decline in 2023 and 2024, reaching just USD 627 million. The consistently reported operating income of zero across all years makes it difficult to evaluate operational efficiencies directly using that metric. Net income, on the other hand, reveals significant swings with a dramatic increase from USD 721 million in 2020 to nearly USD 6.83 billion in 2021—an increase well over 800%—followed by a modest gain to about USD 7.61 billion in 2022; however, net income then dropped markedly by nearly 41% in 2023 and fell further to USD 2.03 billion in 2024. Such year-over-year fluctuations, especially those exceeding a 20% change, could be driven by cyclical market conditions and shifts in pricing or production volumes within the steel industry, where Nucor operates as a key player. Overall, while the earlier years exhibit robust top-line and bottom-line growth, recent declines in revenue, gross profit, and net income signal potential short-term challenges. Nonetheless, if Nucor addresses underlying operational or market issues, its strong historical performance provides a basis for sustained resilience in a cyclical industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.