Monday 2 November 2026 Export NUE’s income statement to Excel — free account

Nucor Corporation

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%

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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 Segments Filings

Nucor Corporation (NUE) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Sheet	9,156 28.18%	9,248 30.09%	9,147 26.35%	11,438 27.55%	12,676 34.74%	5,451 27.06%	6,451 28.56%	7,572 30.21%	6,408 31.64%	5,178 31.95%	4,629 28.16%	5,988 28.37%	5,219 27.40%	5,541 28.52%	5,968 29.80%
Bar	5,723 17.61%	5,190 16.89%	5,994 17.27%	7,032 16.94%	6,039 16.55%	3,821 18.97%	4,107 18.18%	4,709 18.79%	3,559 17.57%	2,887 17.81%	3,005 18.28%	4,051 19.20%	3,730 19.58%	4,000 20.59%	4,237 21.16%
Other Steel Products	3,522 10.84%	3,441 11.20%	3,689 10.63%	3,766 9.07%	3,220 8.83%	2,325 11.54%	4,116 18.22%	3,953 15.77%	3,356 16.57%	3,120 19.25%	—	—	—	—	—
Structural	2,632 8.10%	2,276 7.41%	2,429 7.00%	2,928 7.05%	2,598 7.12%	1,526 7.58%	1,573 6.96%	1,830 7.30%	1,318 6.51%	1,278 7.88%	2,137 13.00%	2,617 12.40%	2,559 13.43%	2,302 11.85%	2,050 10.24%
Plate	2,492 7.67%	2,020 6.57%	2,523 7.27%	2,792 6.73%	2,833 7.76%	1,311 6.51%	1,804 7.98%	2,134 8.51%	1,645 8.12%	1,204 7.43%	1,313 7.98%	2,067 9.79%	1,804 9.47%	1,939 9.98%	2,209 11.03%
Joist & Deck	2,217 6.82%	2,228 7.25%	3,924 11.30%	—	—	—	—	—	—	—	—	—	—	—	—
Raw Materials	2,164 6.66%	1,915 6.23%	1,862 5.36%	2,262 5.45%	2,611 7.16%	1,407 6.99%	1,665 7.37%	2,026 8.08%	1,743 8.61%	1,209 7.46%	1,388 8.44%	2,349 11.13%	2,133 11.19%	1,909 9.83%	2,128 10.63%
Rebar Fabrication	1,910 5.88%	1,777 5.78%	2,182 6.29%	2,206 5.31%	1,795 4.92%	1,708 8.48%	1,666 7.38%	1,496 5.97%	1,306 6.45%	1,272 7.85%	—	—	—	—	—
Tubular Products	1,429 4.40%	1,292 4.20%	1,588 4.57%	1,945 4.69%	2,195 6.02%	1,114 5.53%	1,207 5.35%	1,348 5.38%	917 4.53%	60 0.37%	—	—	—	—	—
Building Systems	1,249 3.84%	1,347 4.38%	1,376 3.96%	1,793 4.32%	—	—	—	—	—	—	—	—	—	—	—
Joist	—	—	—	2,958 7.13%	1,351 3.70%	759 3.77%	—	—	—	—	—	—	—	—	—
Deck	—	—	—	2,392 5.76%	1,167 3.20%	717 3.56%	—	—	—	—	—	—	—	—	—
Steel Products	—	—	—	—	—	—	—	—	—	—	3,967 24.13%	4,032 19.11%	3,607 18.93%	3,738 19.24%	3,431 17.14%
Revenue	32,494	30,734	34,714	41,512	36,484	20,140	22,589	25,067	20,252	16,208	16,439	21,105	19,052	19,429	20,024

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Steel Mills	20,003 61.56%	18,734 60.96%	20,093 57.88%	24,190 58.27%	24,145 66.18%	12,109 60.13%	13,934 61.69%	16,245 64.81%	12,930 63.84%	10,547 65.07%	11,084 67.43%	14,724 69.76%	13,312 69.87%	13,782 70.93%	14,464 72.23%	10,861 68.55%	7,160 63.98%
Steel Products	10,327 31.78%	10,085 32.81%	12,759 36.75%	15,060 36.28%	9,728 26.66%	6,623 32.89%	6,990 30.94%	6,797 27.11%	5,580 27.55%	4,453 27.47%	3,967 24.13%	4,032 19.11%	3,607 18.93%	3,738 19.24%	3,431 17.14%	2,831 17.87%	2,691 24.05%
Raw Materials	2,164 6.66%	1,915 6.23%	1,862 5.36%	2,262 5.45%	2,611 7.16%	1,407 6.99%	1,665 7.37%	2,026 8.08%	1,743 8.61%	1,209 7.46%	1,388 8.44%	2,349 11.13%	2,133 11.19%	1,909 9.83%	2,128 10.63%	1,814 11.45%	1,077 9.62%
Bar	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2,669 16.84%	2,042 18.25%
All Other	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	338 2.14%	262 2.35%
Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(2,669) (16.84%)	(2,042) (18.25%)
Revenue	32,494	30,734	34,714	41,512	36,484	20,140	22,589	25,067	20,252	16,208	16,439	21,105	19,052	19,429	20,024	15,845	11,190

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Steel Mills	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Raw Materials	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Steel Products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average scrap and scrap substitute cost per gross ton used	Q3 FY2026	$421.00	$391.00	+7.67%
Bars	Q3 FY2026	2.5M	2.2M	+14.02%
Joist and deck	Q3 FY2026	237.0K	254.0K	−6.69%
Number of days in period	Q3 FY2026	91.00	91.00	0.00%
Other	Q3 FY2026	26.0K	19.0K	+36.84%
Overall operating rates at the Company's steel mills	Q3 FY2026	89.0%	85.0%	—
Plate	Q3 FY2026	782.0K	594.0K	+31.65%
Rebar fabrication products	Q3 FY2026	341.0K	—	—
Sales tons to external customers	Q3 FY2026	1.4M	1.2M	+15.22%
Sales tons to outside customers	Q3 FY2026	7.5M	6.8M	+11.20%
Sheet	Q3 FY2026	3.3M	3.0M	+7.56%
Steel mills	Q3 FY2026	5.7M	5.0M	+13.79%
Steel mill shipments to internal customers	Q3 FY2026	22.0%	23.0%	—
Steel mills total shipments	Q3 FY2026	7.2M	6.4M	+12.49%
Structural	Q3 FY2026	667.0K	595.0K	+12.10%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Average scrap and scrap substitute cost per gross ton used	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Bars	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Joist and deck	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of days in period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Overall operating rates at the Company's steel mills	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Plate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rebar fabrication products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales tons to external customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales tons to outside customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sheet	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Steel mills	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Steel mill shipments to internal customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Steel mills total shipments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Structural	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.