Nucor Corporation

NUE · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$37,329	$27,405	$42,786	$33,815	$32,624	$15,202	$16,085	$14,807	$18,171	$17,011	$11,518	$15,688	$17,032	$13,732	$12,544	$13,845	$14,689	$14,069	$17,504	$16,758	$10,488	$8,314	$4,395	$3,220	$4,115	$3,247	$4,787	$3,801	$4,248	$4,473	$4,993	$4,825	$4,610	$3,375	$1,929	$1,324	$1,282	$1,006	$835	$645	$760
Enterprise value	$42,939	$31,339	$43,681	$36,804	$36,278	$17,938	$19,066	$18,109	$21,313	$19,547	$14,239	$19,451	$20,195	$16,479	$14,494	$15,871	$15,729	$15,317	$18,488	$15,723	$9,768	$8,632	$5,125	$4,112	$4,397	$3,529	$4,886	$3,990	$4,409	$4,788	$5,119	$5,072	$5,078	$3,737	$2,089	$1,409	$1,488	$1,095	$800	$561	$617
P/E (TTM) at period end	21.49×	13.58×	9.49×	4.46×	4.80×	21.20×	12.72×	6.30×	13.83×	21.43×	145.41×	23.17×	35.04×	27.31×	16.17×	104.68×	–	7.71×	11.89×	9.53×	8.00×	7.41×	70.00×	19.87×	36.43×	10.44×	19.57×	14.41×	14.42×	18.02×	18.19×	21.29×	37.32×	42.61×	29.81×	17.64×	22.18×	14.19×	16.53×	13.89×	12.99×
P/S (TTM) at period end	1.15×	0.89×	1.23×	0.81×	0.89×	0.75×	0.71×	0.59×	0.90×	1.05×	0.70×	0.74×	0.89×	0.71×	0.63×	0.87×	1.31×	0.59×	1.05×	1.14×	0.83×	0.73×	0.70×	0.67×	0.95×	0.68×	1.19×	0.92×	1.02×	1.23×	1.44×	1.62×	2.05×	2.08×	1.32×	0.89×	1.01×	0.95×	0.98×	0.85×	1.00×
P/B at period end	1.78×	1.35×	2.04×	1.84×	2.33×	1.41×	1.55×	1.51×	2.08×	2.16×	1.54×	2.02×	2.23×	1.80×	1.68×	1.94×	1.99×	1.77×	3.42×	3.47×	2.45×	2.41×	1.88×	1.39×	1.87×	1.52×	2.12×	1.83×	2.26×	2.78×	3.61×	4.30×	5.11×	4.30×	2.71×	2.03×	2.19×	1.89×	1.95×	1.68×	2.12×
EV / EBITDA (TTM)	11.05×	7.69×	6.10×	3.25×	3.61×	7.75×	7.29×	4.45×	8.47×	9.57×	11.12×	9.82×	13.66×	10.35×	7.38×	16.46×	52.44×	4.05×	6.26×	4.86×	3.89×	3.89×	10.95×	6.84×	7.88×	3.91×	7.75×	6.00×	6.49×	8.41×	8.46×	9.60×	15.74×	16.77×	11.04×	6.94×	8.59×	–	–	–	–
EV / Sales (TTM)	1.32×	1.02×	1.26×	0.89×	0.99×	0.89×	0.84×	0.72×	1.05×	1.21×	0.87×	0.92×	1.06×	0.85×	0.72×	1.00×	1.41×	0.65×	1.11×	1.07×	0.77×	0.76×	0.82×	0.86×	1.01×	0.74×	1.22×	0.96×	1.05×	1.31×	1.48×	1.70×	2.25×	2.31×	1.43×	0.95×	1.17×	1.03×	0.94×	0.74×	0.81×
Returns
Return on equity	8.3%	9.9%	21.5%	41.1%	48.5%	6.6%	12.2%	24.0%	15.0%	10.1%	1.1%	8.7%	6.4%	6.6%	10.4%	1.9%	(4.0%)	23.0%	28.8%	36.4%	30.6%	32.5%	2.7%	7.0%	5.1%	14.6%	10.8%	12.7%	15.7%	15.4%	19.9%	20.2%	13.7%	10.1%	9.1%	11.5%	9.9%	13.3%	11.8%	12.1%	16.4%
Return on invested capital	7.8%	9.6%	21.6%	37.7%	40.2%	11.6%	11.1%	20.2%	12.4%	9.4%	5.1%	7.5%	6.2%	7.0%	9.2%	3.4%	(1.3%)	24.8%	26.6%	35.8%	31.5%	31.5%	3.2%	6.4%	7.1%	17.6%	10.2%	11.5%	14.5%	12.9%	18.2%	17.2%	9.6%	7.4%	7.4%	10.8%	8.3%	11.7%	12.7%	14.5%	25.3%
Dividend yield	1.4%	1.9%	1.2%	1.6%	1.5%	3.2%	3.1%	3.3%	2.7%	2.8%	4.2%	3.0%	2.8%	3.4%	3.7%	3.3%	3.0%	4.7%	4.1%	3.4%	2.0%	0.8%	1.4%	1.8%	1.3%	1.5%	0.9%	1.1%	0.8%	0.6%	0.5%	0.3%	0.3%	0.4%	0.6%	0.8%	0.7%	–	–	–	–
Financial health
Current ratio	2.94×	2.51×	3.57×	3.39×	2.48×	3.61×	3.34×	3.08×	2.42×	2.72×	4.23×	3.07×	3.27×	2.79×	2.80×	3.90×	4.22×	3.45×	3.21×	3.29×	3.24×	2.98×	2.57×	2.41×	2.84×	2.48×	2.90×	2.32×	2.15×	1.78×	1.86×	1.67×	1.34×	1.34×	1.46×	1.40×	1.45×	1.15×	1.59×	2.50×	2.76×
Debt / equity	0.34×	0.29×	0.32×	0.36×	0.36×	0.49×	0.42×	0.44×	0.43×	0.55×	0.59×	0.56×	0.57×	0.48×	0.57×	0.60×	0.42×	0.41×	0.44×	0.19×	0.22×	0.27×	0.39×	0.39×	0.21×	0.22×	0.17×	0.10×	0.09×	0.10×	0.08×	0.15×	0.39×	0.31×	0.11×	0.05×	0.27×	0.22×	0.09×	0.12×	0.12×
Effective tax rate	20.6%	20.1%	21.7%	21.1%	22.6%	(0.1%)	23.1%	23.2%	21.1%	30.7%	20.2%	32.1%	26.0%	30.5%	31.2%	22.8%	42.7%	30.9%	34.7%	34.8%	34.8%	35.2%	6.1%	29.5%	34.0%	33.9%	35.5%	36.5%	36.0%	36.0%	36.5%	36.5%	34.0%	32.5%	32.5%	32.5%	32.5%	34.1%	39.3%	44.9%	44.9%
Share count
Diluted shares outstanding	231	238	250	263	293	303	306	317	321	320	321	320	319	318	317	317	315	305	298	309	317	320	314	313	311	327	349	352	352	351	350	349	348	344	345	341	340	338	337	337	339

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$36,101	$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	$23,663	$16,593	$14,751	$12,701	$11,377	$6,266	$4,802	$4,334	$4,757	$4,009	$4,151	$4,184	$3,647	$3,462	$2,976	$2,254	$1,619	$1,466	$1,482	$1,269	$1,061	$851	$755	$758
Cost of revenue	($30,516)	($28,616)	($26,632)	($26,899)	($29,009)	($25,459)	($17,912)	($19,910)	($20,772)	($17,683)	($14,182)	($15,325)	($19,256)	($17,641)	($17,916)	($18,142)	($15,061)	($11,036)	($19,612)	($13,463)	($11,285)	($10,109)	($9,129)	($5,997)	($4,332)	($3,914)	($3,929)	($3,224)	($3,339)	($3,360)	($2,957)	($2,726)	($2,334)	($1,844)	($1,320)	($1,209)	($1,208)	($1,029)	($833)	($672)	($576)	($570)
Gross profit	$5,585	$3,878	$4,102	$7,815	$12,503	$11,025	$2,228	$2,679	$4,295	$2,569	$2,026	$1,114	$1,849	$1,411	$1,514	$1,881	$784	$154	$4,051	$3,130	$3,467	$2,592	$2,248	$269	$469	$419	$827	$785	$812	$824	$690	$736	$642	$410	$300	$256	$274	$240	$228	$180	$180	$189
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,417)	($1,219)	($1,123)	($1,585)	($1,997)	($1,707)	($615)	($711)	($861)	($688)	($597)	($459)	($521)	($468)	($455)	($440)	($331)	($351)	($714)	($553)	($592)	($459)	($415)	($165)	($176)	($151)	($183)	($155)	($148)	($145)	($120)	($131)	($113)	($88)	($77)	($67)	($70)	($67)	($62)	($55)	($66)	($59)
Total operating expenses	($1,417)	($1,219)	($1,123)	($1,585)	($1,997)	($1,707)	($615)	($711)	($861)	($688)	($597)	($459)	($521)	($468)	($455)	($440)	($331)	($348)	($751)	($578)	($592)	($459)	($415)	($165)	($176)	($151)	($183)	($411)	($401)	($364)	($303)	($305)	($271)	($210)	($175)	($161)	($156)	($144)	($118)	($97)	($101)	($90)
Total costs and expenses	($31,933)	($29,835)	($27,755)	($28,484)	($31,006)	($27,165)	($18,527)	($20,621)	($21,633)	($18,371)	($14,779)	($15,784)	($19,777)	($18,109)	($18,371)	($18,582)	($15,392)	($11,384)	($20,363)	($14,041)	($11,877)	($10,568)	($9,544)	($6,162)	($4,508)	($4,065)	($4,112)	($3,635)	($3,740)	($3,724)	($3,260)	($3,031)	($2,605)	($2,053)	($1,494)	($1,370)	($1,364)	($1,172)	($951)	($769)	($676)	($660)
Operating income	$4,168	$2,659	$2,979	$6,230	$10,506	$9,319	$1,613	$1,968	$3,435	$1,882	$1,429	$655	$1,328	$943	$1,059	$1,442	$452	($194)	$3,300	$2,552	$2,874	$2,133	$1,833	$104	$294	$269	$644	$374	$411	$460	$387	$431	$370	$200	$125	$96	$118	$97	$110	$82	$79	$99
Earnings
EBITDA	$5,429	$3,885	$4,073	$7,161	$11,333	$10,054	$2,315	$2,617	$4,066	$2,518	$2,042	$1,281	$1,980	$1,479	$1,593	$1,964	$964	$300	$3,780	$2,955	$3,238	$2,508	$2,216	$468	$601	$558	$904	$631	$664	$679	$570	$605	$528	$323	$223	$189	$203	$173	–	–	–	–
Interest income	$88	$111	$258	$276	$49	$4	$13	$36	$26	$14	$12	$4	$5	$5	$11	$13	($8)	$15	$44	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($145)	($170)	($228)	($246)	($219)	($163)	($167)	($157)	($161)	($187)	($181)	($178)	($174)	($152)	($174)	($179)	($161)	($150)	($135)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$4,105	$2,568	$2,902	$6,273	$10,245	$9,201	$836	$1,783	$3,229	$1,750	$1,299	$242	$1,147	$791	$853	$1,252	$267	($414)	$3,104	$2,253	$2,692	$2,027	$1,731	$67	$230	$179	$494	$379	$415	$460	$388	$432	$357	$187	$117	$96	$111	$86	$108	$83	$84	$106
Income tax expense	($849)	($530)	($583)	($1,360)	($2,166)	($2,078)	$0	($412)	($748)	($369)	($398)	($49)	($369)	($206)	($260)	($391)	($61)	$177	($959)	($781)	($936)	($706)	($610)	($4)	($68)	($61)	($167)	($135)	($152)	($166)	($140)	($158)	($130)	($64)	($38)	($31)	($36)	($28)	($37)	($33)	($38)	($48)
Net income	$2,884	$1,744	$2,027	$4,525	$7,607	$6,827	$721	$1,271	$2,361	$1,319	$796	$81	$679	$488	$505	$778	$134	($294)	$1,831	$1,472	$1,758	$1,310	$1,121	$63	$162	$113	$311	$245	$264	$294	$248	$274	$227	$124	$79	$65	$75	$58	$71	$50	$46	$58
Per share
Diluted EPS (GAAP)	$12.54	$7.52	$8.46	$18.00	$28.79	$23.16	$2.36	$4.14	$7.42	$4.10	$2.48	$0.25	$2.11	$1.52	$1.58	$2.45	$0.42	($0.94)	$5.98	$4.94	$5.68	$4.15	$3.50	$0.20	$0.52	$0.36	$0.95	$0.70	$0.75	$0.84	$0.71	$0.79	$0.65	$0.36	$0.23	$0.19	$0.22	$0.17	$0.21	$0.15	$0.14	$0.17
Basic EPS (GAAP)	$12.55	$7.53	$8.47	$18.05	$28.88	$23.23	$2.37	$4.14	$7.44	$4.11	$2.48	$0.25	$2.12	$1.52	$1.58	$2.45	$0.42	($0.94)	$5.99	$4.96	$5.73	$4.19	$3.53	$0.20	$0.52	$0.36	$0.95	$0.70	$0.75	$0.84	$0.71	$0.79	$0.65	$0.36	$0.23	$0.19	$0.22	$0.17	$0.21	$0.15	$0.14	$0.17
Basic shares outstanding	229	231	238	250	262	292	303	305	316	320	320	321	320	319	318	317	316	315	305	296	307	314	318	314	312	311	327	349	352	352	351	350	349	348	344	345	341	340	338	337	337	339
Margins
Gross margin	15.5%	11.9%	13.3%	22.5%	30.1%	30.2%	11.1%	11.9%	17.1%	12.7%	12.5%	6.8%	8.8%	7.4%	7.8%	9.4%	4.9%	1.4%	17.1%	18.9%	23.5%	20.4%	19.8%	4.3%	9.8%	9.7%	17.4%	19.6%	19.6%	19.7%	18.9%	21.3%	21.6%	18.2%	18.5%	17.5%	18.5%	18.9%	21.5%	21.1%	23.8%	24.9%
Operating margin	11.5%	8.2%	9.7%	17.9%	25.3%	25.5%	8.0%	8.7%	13.7%	9.3%	8.8%	4.0%	6.3%	4.9%	5.4%	7.2%	2.9%	(1.7%)	13.9%	15.4%	19.5%	16.8%	16.1%	1.7%	6.1%	6.2%	13.5%	9.3%	9.9%	11.0%	10.6%	12.5%	12.4%	8.9%	7.7%	6.5%	8.0%	7.6%	10.4%	9.7%	10.4%	13.0%
Net margin	8.0%	5.4%	6.6%	13.0%	18.3%	18.7%	3.6%	5.6%	9.4%	6.5%	4.9%	0.5%	3.2%	2.6%	2.6%	3.9%	0.8%	(2.6%)	7.7%	8.9%	11.9%	10.3%	9.9%	1.0%	3.4%	2.6%	6.5%	6.1%	6.4%	7.0%	6.8%	7.9%	7.6%	5.5%	4.9%	4.4%	5.1%	4.6%	6.7%	5.9%	6.1%	7.7%

Analyst consensus

Buy33 analysts

Bearish · 3 · Hold · 10 · Bullish · 20

Earnings history

	EPS	Estimate
Q3 2024	$1.49	$1.47	Beat
Q4 2024	$1.22	$0.64	Beat
Q1 2025	$0.77	$0.69	Beat
Q2 2025	$2.60	$2.55	Beat
Q3 2025	$2.63	$2.18	Beat
Q4 2025	$1.73	$1.91	Miss
Q1 2026	$3.23	$2.82	Beat
Q2 2026	$4.84	$4.46	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOLeon J. Topalian

Employees33,000

SectorBasic Materials

IndustrySteel

CountryUS

ExchangeNew York Stock Exchange

Websitewww.nucor.com

Nucor Corporation is a prominent producer and distributor of steel and diverse steel-related products. Within its Steel Mills division, the company manufactures a comprehensive range of steel goods. These include various sheet steel types like hot-rolled, cold-rolled, and galvanized, alongside plate steel. It also produces structural components such as wide-flange beams, beam blanks, H-piling, and sheet piling. Furthermore, this segment supplies bar steel products, encompassing blooms, billets, concrete reinforcing bars, merchant bars, and specialized bar quality items. Beyond manufacturing, Nucor's steel mills are involved in steel trading and the distribution of rebar. Its clientele primarily consists of steel service centers, fabricators, and manufacturers across the United States, Canada, and Mexico. The Steel Products segment provides an array of manufactured steel goods, such as hollow structural section tubing, electrical conduits, steel racking, joists and girders, steel decks, and fabricated concrete reinforcing steel. It also supplies cold finished steel, fasteners, complete metal building systems, insulated metal panels, steel grating, expanded metal, and various wire and wire mesh products. These offerings are largely directed towards nonresidential construction projects. Additionally, this segment manages a piling distribution operation. Nucor's Raw Materials division is responsible for producing direct reduced iron (DRI). It also acts as a broker for ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI), and direct reduced iron (DRI). This segment supplies ferro-alloys, processes both ferrous and nonferrous scrap metals, and undertakes natural gas drilling activities. Its ferrous scrap is supplied to electric arc furnace steel mills and foundries for their manufacturing processes. Meanwhile, nonferrous scrap metal is sold to aluminum can manufacturers, secondary aluminum smelters, steel mills, various other processors, and direct consumers of diverse nonferrous metals. The corporation caters to a wide range of industries including agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation. Sales are conducted via an in-house sales team and through the company's internal distribution and trading enterprises. Established in 1958, Nucor Corporation has its headquarters situated in Charlotte, North Carolina.

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