Gross Margin % is calculated as gross profit divided by its revenue. Nucor's Gross Profit for the
three
months ended in Sep. 2024 was $758 Mil. Nucor's Revenue for the
three
months ended in Sep. 2024 was $7,444 Mil. Therefore, Nucor's Gross Margin % for the quarter that ended in Sep. 2024 was 10.18%.
The historical rank and industry rank for Nucor's Gross Margin % or its related term are showing as below:
NUE'
s Gross Margin % Range Over the Past 10 Years
Min: 6.78 Med: 12.6 Max: 30.22
Current: 15.52
During the past 13 years, the highestGross Margin % of Nucor was 30.22%. The lowest was 6.78%. And the median was 12.60%.
NUE's Gross Margin % is ranked better than 61.1% of 599
companies
in the Steel industry
Industry Median: 11.78
vs NUE: 15.52
Nucor had a gross margin of 10.18% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Nucor was 15.90% per year.
Nucor Gross Margin % Historical Data
The historical data trend for Nucor's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, Nucor's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nucor's Gross Margin % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Nucor's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nucor's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Nucor (NYSE:NUE) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Nucor had a gross margin of 10.18% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Nucor Gross Margin % Related Terms
Thank you for viewing the detailed overview of Nucor's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.
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