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Nucor Corporation

NUE Basic Materials Steel

Nucor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $32.5 billion, up 5.73% from fiscal 2024.

Revenue
+32.0%
EPS
+147.4%
Free cash flow
+549.5%
Total debt
+3.50%

Quarter to September 2026, against a year earlier

278.09 4.22 +1.54%
Market cap
$62.1B
P/E
16.9×
Fwd P/E
13.8×
Dividend yield
0.81%
F-score
6/9
Altman Z
4.44
Beneish M
−2.45
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Steel Mills
  • Steel Products
  • Raw Materials

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 55.66
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 1 2 1 1 7 2 1 3 — 1 —
Insider Ownership 0.41%

Capital & Financial Ratios $m

Size
Market Cap 62,130.00
Revenue ttm 38,829.00
Net income ttm 4,046.00
Free cash flow ttm 2,695.00
Net debt Q 3,453.00
Valuation
P/E 16.93
Forward P/E 13.80
Price / sales 1.62
Forward P/S Powerpack
Price / FCF 23.36
Price / book 2.61
Financial health
Current ratio Q 2.46 (at or above 1.5: strong)
Debt / equity Q 0.29 (at or below 0.5: strong)
Interest coverage Q 268.86
Growth
Revenue growth Q +32.02% (above 0%: growing)
Operating income growth Q +111.94% (above 0%: growing)
EPS, this year +155.36% (at or above 15%: strong)
EPS, next year A +7.68%
Revenue, next year A +27.64% (at or above 10%: strong)
EPS, past 5 yrs +26.08% (at or above 15%: strong)
EPS, next 5 yrs A +32.84% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.7×, against a ten-year median of 1.1×; over the ten years it ranged from 0.6× in 2020 to 1.8× in 2026.
P/E against its own 10 years 62.15%
10-year low 10-year high
P/S against its own 10 years 98.46%
10-year low 10-year high
P/B against its own 10 years 96.77%
10-year low 10-year high
EV/Sales against its own 10 years 98.05%
10-year low 10-year high
EV/FCF against its own 10 years 78.03%
10-year low 10-year high

Dividends raised every year since 2016

Yield
0.81%
Annual rate
2.24
Payout ratio
13.7%
Growth, 2016–25
+4.38%/yr
  1. 1.50 ’16
  2. 1.51 ’17 +1%
  3. 1.54 ’18 +2%
  4. 1.60 ’19 +4%
  5. 1.61 ’20 +1%
  6. 1.72 ’21 +6%
  7. 2.01 ’22 +17%
  8. 2.07 ’23 +3%
  9. 2.17 ’24 +5%
  10. 2.21 ’25 +2%
  11. 2.24 ’26e +2%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7,130 4,139 2,699 3,640
Receivables 2,953 2,675 3,105 4,296
Inventory 5,578 5,106 5,462 6,020
Other 725 555 499 398
16,386 12,475 11,765 14,354
2023 2024 2025 Q'26
Payables 2,020 1,832 1,890 2,380
ST’ Debt 193 1,267 212 709
Other — — — —
4,595 4,977 4,004 5,830

Compound Annual Growth %

10y 5y 3y
Sales 7.05% 10.04% (7.84%)
Cash Flow 4.08% 3.70% (31.52%)
Earnings 36.18% 19.36% (38.80%)
Book Value 10.92% 14.52% 4.17%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 5.71 Actual 5.80

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.82 1.73 Miss by 0.09
Q1 FY26 2.79 3.23 Beat by 0.44
Q2 FY26 4.57 4.84 Beat by 0.27
Q3 FY26 5.71 5.80 Beat by 0.09
Q4 FY26 5.62 — Reports 25 January 2027

EPS $

Mar Jun Sep Dec Year
’26 3.23 5.04 6.50 — —
’25 0.67 2.60 2.63 1.64 7.52
’24 3.46 2.68 1.05 1.22 8.46
’23 4.45 5.81 4.57 3.16 18.00
’22 7.67 9.67 6.50 4.89 28.79
’21 3.10 5.04 7.28 7.97 23.16
’20 0.07 0.36 0.63 1.30 2.36
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9,496 10,397 11,249 — —
’25 7,830 8,456 8,521 7,687 32,494
’24 8,137 8,077 7,444 7,076 30,734
’23 8,710 9,523 8,776 7,705 34,714
’22 10,493 11,794 10,501 8,723 41,512
’21 7,017 8,789 10,313 10,364 36,484
’20 5,624 4,327 4,928 5,260 20,140
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 886 1,400 2,236 — —
’25 364 732 1,339 799 3,234
’24 460 1,485 1,301 733 3,979
’23 1,207 1,920 2,464 1,520 7,112
’22 2,472 2,262 2,805 2,533 10,072
’21 530 1,353 1,737 2,610 6,231
’20 201 1,149 856 491 2,697
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 239 836 1,620 — —
’25 (492) (186) 535 0 (143)
’24 (206) 690 480 (141) 823
’23 678 1,398 2,028 809 4,913
’22 2,032 1,749 2,355 2,020 8,156
’21 223 969 1,237 2,199 4,628
’20 (205) 795 456 149 1,195
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 16,208 20,252 25,067 22,589 20,140 36,484 41,512 34,714 30,734 32,494 38,829 +8.0% 41,475 42,305 41,886 +8.8%
Gross margin, % 12.50 12.69 17.14 11.86 11.06 30.22 30.12 22.51 13.35 11.93 17.31 (0.6) pt
EBT 1,299 1,750 3,229 1,783 836 9,201 10,245 6,273 2,902 2,568 5,089 +7.9%
EBT margin, % 8.01 8.64 12.88 7.89 4.15 25.22 24.68 18.07 9.44 7.90 13.11 (0.1) pt
Net income 900 1,381 2,481 1,371 836 7,122 8,079 4,913 2,319 2,038 4,046 +9.5%
Per share, $
Per share, $ Revenue 50.72 63.29 79.36 74.05 66.43 124.74 158.26 138.97 128.97 140.85 171.51 +12.0%
Earnings 2.48 4.11 7.44 4.14 2.37 23.23 28.88 18.05 8.47 7.53 16.43 +13.1%
Cash flow 5.48 3.30 7.58 9.21 8.90 21.30 38.40 28.47 16.70 14.02 23.50 +11.0%
Capex (1.83) (1.32) (3.01) (4.71) (4.96) (5.48) (7.30) (8.80) (13.24) (14.64) (11.60) +26.0%
Free cash flow 3.64 1.98 4.57 4.50 3.94 15.82 31.09 19.67 3.45 (0.62) 11.90 n/m
Book value 25.83 28.39 32.30 35.38 37.05 49.93 74.61 88.56 89.87 95.90 106.41 +15.7%
Shares, m 320 320 316 305 303 292 262 250 238 231 229 (3.6%)
Valuation, ×
Valuation, × P/E 26.03 16.03 6.95 13.59 22.44 4.87 4.55 9.72 13.88 21.63 16.93 14.0
P/S 1.18 1.05 0.65 0.76 0.80 0.92 0.83 1.26 0.90 1.16 1.62 1.0
P/B 2.31 2.34 1.60 1.59 1.44 2.29 1.76 1.98 1.30 1.70 2.61 1.8
EV/Sales 1.31 1.19 0.77 0.87 0.91 1.00 0.87 1.25 1.00 1.29 1.71 1.0
EV/FCF 18.23 38.10 13.34 14.35 15.42 7.88 4.44 8.86 37.21 (294.07) 24.64 (13.6)
Cash, $m
Cash, $m Operating cash flow 1,750 1,055 2,394 2,809 2,697 6,231 10,072 7,112 3,979 3,234 5,321 +7.1%
Capex (586) (423) (951) (1,436) (1,502) (1,603) (1,916) (2,199) (3,156) (3,377) (2,626) +21.5%
Free cash flow 1,164 632 1,443 1,374 1,195 4,628 8,156 4,913 823 (143) 2,695 n/m
Balance, $m
Balance, $m Working capital 4,116 4,000 5,830 5,763 6,861 7,642 10,362 11,791 7,498 7,761 8,524 +7.3%
Net debt 2,161 2,796 2,892 2,548 2,293 3,067 1,834 (288) 2,811 4,422 3,453 +8.3%
Shareholders’ equity 8,255 9,085 10,202 10,791 11,232 14,604 19,570 22,123 21,417 22,124 24,091 +11.6%
Returns, %
Returns, % ROA 5.37 8.46 13.93 6.97 3.73 29.58 25.99 13.29 5.83 5.03 9.81 (0.3) pt
ROIC 8.58 9.90 15.87 8.91 4.62 32.74 30.38 17.83 7.68 6.26 11.71 (2.3) pt
ROE 9.86 15.16 24.38 12.04 6.51 52.60 44.34 21.62 9.27 7.98 15.59 (1.9) pt
People
People Employees 23,900 25,100 26,300 26,800 26,400 28,800 31,400 32,000 32,700 33,000 — +3.6%
Revenue/emp, $m 0.68 0.81 0.95 0.84 0.76 1.27 1.32 1.08 0.94 0.98 — +4.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Nucor Corporation is a steel and steel-products manufacturer founded in 1955 and headquartered in Charlotte. Leon Topalian is Chair, President and Chief Executive Officer. It makes steel from recycled scrap, principally using electric arc furnaces, then sells that steel and turns it into construction and industrial products.

Its three operating segments are steel mills, steel products and raw materials. Steel mills make sheet, plate, structural and bar steel. Steel products range from joists, decking, tubing, rebar fabrication and metal buildings to insulated panels, warehouse and data-center racking, overhead doors, utility structures and piling. Raw materials operations process and broker scrap, make direct reduced iron, produce natural gas and operate industrial-gas plants.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Steel Mills 20,003 61.56%
Steel Products 10,327 31.78%
Raw Materials 2,164 6.66%
Gross margin 11.93%
Operating margin 8.18%
Pre-tax margin 7.90%

Revenue by segment since 2009

Nucor Corporation vs peers in Steel (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NUE Nucor Corporation $62.1B 21.8× 13.8× +22.95% (above 0%: growing) +94.23% (above 0%: growing) +549.46% (above 0%: growing) 19.56% 15.67%
MT ArcelorMittal $45.1B 25.0× 19.6× +5.24% (above 0%: growing) −61.70% (below 0%: shrinking) −126.60% (below 0%: shrinking) 10.95% 6.29% Compare
STLD Steel Dynamics, Inc. $35.7B 22.6× 14.2× +33.44% (above 0%: growing) +84.58% (above 0%: growing) +2,189.86% (above 0%: growing) 15.74% 11.50% Compare
RS Reliance, Inc. $22.3B 25.2× 16.3× +26.51% (above 0%: growing) +42.57% (above 0%: growing) −45.43% (below 0%: shrinking) 28.09% 9.54% Compare
PKX POSCO Holdings Inc. $15.0B 16.1× — +9.70% (above 0%: growing) +352.74% (above 0%: growing) −156.79% (below 0%: shrinking) 8.62% 4.25% Compare
TX Ternium S.A. $10.4B 14.8× 8.3× +9.97% (above 0%: growing) +59.09% (above 0%: growing) −174.72% (below 0%: shrinking) 21.68% 12.17% Compare
CLF Cleveland-Cliffs Inc. $8.1B — (loss-making) 216× +5.92% (above 0%: growing) n/m +208.96% (above 0%: growing) 2.53% (0.94%) Compare
GGB Gerdau S.A. $5.8B 20.3× — +14.33% (above 0%: growing) +87.50% (above 0%: growing) +171.99% (above 0%: growing) 15.83% 13.05% Compare
SIM Grupo Simec, S.A. de C.V. $4.3B 21.4× 28.5× +29.60% (above 0%: growing) +167.74% (above 0%: growing) +51.13% (above 0%: growing) 24.99% 15.91% Compare
Median of peers $12.7B 21.4× 18.0× +12.15% +84.58% +2.85% 15.79% 10.52%

All 19 Steel stocks →

From the latest earnings call

Updated

  • Jack Sullivan said Nucor expects higher third-quarter consolidated earnings, with Steel Mills and Steel Products gains offset partly by lower Raw Materials earnings.
  • Steve Laxton said 2026 shipment growth is expected near the high end of the company’s previously guided 5% to 10% range.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
JPMorgan Sep 29, 2026 Target raised — 294.00 → 308.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 78.91%
Held by the ten largest 47.48%
Holder Shares Stake Change
Vanguard 29.43m 12.97% +891.95k
State Farm 24.21m 10.67% 0.00
BlackRock 19.99m 8.81% +729.04k
State Street 11.56m 5.10% −680.28k
Geode Capital Management 6.09m 2.68% −81.00k
Norges Bank 4.12m 1.82% +4.12m
Morgan Stanley 3.96m 1.74% +127.59k
Fidelity (FMR) 2.97m 1.31% +737.66k
Northern Trust 2.92m 1.29% −95.15k
Dimensional Fund Advisors 2.48m 1.09% −62.56k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 14.95m 27.57m 331.00
2024 19.02m 334.79k 233.00
2023 22.50m 40.10m 343.00
2022 23.07m 37.34m 256.00
2021 11.62m 52.15m 218.00

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group, Inc. 12.97%
State Farm Mutual Automobile Insurance Company and related entities One State Farm Plaza Bloomington, Illinois 11.42%
BlackRock, Inc. 7.46%
State Street Corporation State Street Financial Center 5.33%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Nucor Corporation (NUE) Latest News

29 Oct

Impact 4 · · 24/7 Wall St.

28 Oct

Impact 4 · · Trefis earnings
Impact 4 · · TIKR
Impact 4 · · Zacks

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · MarketBeat transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · Moby

26 Oct

Impact 4 · · Zacks
Impact 4 · · PR Newswire earnings
Impact 3 · · Zacks
Impact 3 · · Associated Press

23 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks

22 Oct

Impact 4 · · Zacks

21 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Trefis
Impact 3 · · Trefis
Impact 3 · · Zacks

20 Oct

Impact 4 · · PR Newswire
Impact 4 · · Zacks
Impact 3 · · MarketBeat

19 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

14 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

NUE metrics, ten years each

stockrow.com/NUE · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com