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 past five years, Nucor Corporation’s financial performance has experienced significant volatility. Revenue surged from approximately 20.14 billion USD in 2020 to a peak of 41.51 billion USD in 2022, representing a substantial growth of over 100% between 2020 and 2022. This sharp increase was mirrored in net income, which jumped from 721 million USD in 2020 to over 7.6 billion USD in 2022—an increase of nearly 10 times. Particularly noteworthy is the year-over-year change from 2020 to 2021, where revenue and net income both registered significant increases (81% and near 9-fold, respectively), suggesting a period of robust market demand or improved operational execution. However, gross profit, while spiking in 2021 from 719 million USD to 3.52 billion USD, experienced a decline in 2022 and continued to trend downward in subsequent years, hitting 627 million USD in 2024. The absence of reported operating income across all periods limits detailed analysis on expense management and operating efficiency. In the later years, after reaching a peak in 2022, both revenue and net income trended downward—with revenue declining nearly 17% from 2022 to 2023 and net income falling by about 40% in the same period, followed by further decreases in 2024. These declines, exceeding 20% year-over-year in key metrics, may indicate challenging market conditions given the cyclical nature of the steel industry, where fluctuations in commodity prices, demand, and competitive pressures are common. Overall, while the early period displayed strong expansion, the recent downturn suggests that Nucor may be experiencing headwinds affecting its profitability and sustainability. The company’s financial health appears to be under pressure, warranting further analysis of operational metrics and market dynamics to understand the underlying factors.
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.