• Nucor average gross margin for 2023 was 24.84%, a 22.57% decline from 2022.
• Nucor average gross margin for 2022 was 32.08%, a 39.72% decline from 2021.
• Nucor average gross margin for 2021 was 22.96%, a 121.41% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.