— Know what they know.
/
Not Investment Advice

NUE

NYSE · USD
Nucor Corporation
Basic Materials · Steel
CEO Leon J. Topalian Employees 33,000 R&D / revenue 0.0%
Last price
$256.29+0.63%last session
Market cap
$58.1B
P/E (TTM)
20.4x
From 52w high
−8.5%
From 52w low
+95.2%
1-year return
+95.5%
RSI 14 · vs SMA200
56.8 · +17.5%
IS score
66.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

NUE   SPY   XLB (sector ETF) · weekly closes
100120140160180200Jan 26Apr 26Jul 26Oct 26NUE 195XLB 118SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
43
Profitability
70
Growth
66
Value
95
Momentum
100
Risk (safety)
78
Quality
79
Balance sheet
80
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for NUE (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 8 / 9Altman Z 5.1Beta 1.883 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
23 open-market sales, $40.8M
Form 144 notices (12m): 27, $66.6M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-03-27
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+171
253 new holders, 64 closed
1,554 filers hold 80.3% · 505 added, 523 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+179
1,165 funds adding shares
986 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.7%
20-day avg 54.0%, 50-day avg 52.9%
Latest 5.3 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$32.5B
Revenue growth YoY+5.7%
Gross margin11.9%
Operating income$2.7B
Operating margin8.2%
Net income$1.7B
Net margin5.4%
EPS (diluted)$7.52
Cash flow
Operating cash flow$3.2B
Capital expenditure$3.4B
Free cash flow−$188.0M
FCF conversion (FCF / OCF)-5.8%
Stock-based compensation$133.0M
FCF less SBC−$321.0M
Buybacks$700.0M
Dividends$512.0M
Balance sheet & returns
Cash & short-term investments$2.7B
Total debt$7.1B
Net debt$4.4B
Shareholders' equity$22.1B
Goodwill & intangibles$7.2B
Debt / equity0.32
ROE (TTM)13.5%
ROIC (TTM)10.2%
Operating margin by fiscal year
25.5%FY202125.3%FY202213.5%FY20239.7%FY20248.2%FY2025
Revenue $36.5B (FY2021) to $32.5B (FY2025), a -2.9% CAGR.

Valuation

P/E (TTM)20.4x
EV / EBITDA10.9x
Price / sales1.61x
Price / FCF36.7x
FCF yield2.72%
Buyback yield1.20%
SBC / revenue0.2%
Price / book2.65x
Forward P/E FY202613.4x
Forward P/E FY202712.5x
Forward P/E FY202814.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $287.17 across 6 analysts last quarter is theirs, not ours.

NUE vs industry median

74 companies in Steel
Gross margin 15.5% 14.2% Operating margin 11.5% 4.3% Net margin 8.0% 2.7% ROIC 10.2% 3.2%
NUE (TTM)Industry median Asset turnover 0.98 vs industry 0.91 · financial leverage 1.67

Earnings delivery

Next report 2026-10-26 · consensus EPS $5.80
75%
beat rate, 9 of 12 quarters
+8.7%
median EPS surprise
4
longest beat streak
+8+9-5+14-1+30+12+2+21-9+15+9
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-23 to 2026-07-27. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
NUE Nucor Corporation $58.1B20.4x13.5%8.0%+5.7% +95.5%
MT ArcelorMittal S.A. $47.5B26.7x3.3%4.1%+3.6% +63.5%
STLD Steel Dynamics, Inc. $34.5B21.7x17.6%8.8%+19.8% +68.6%
RS Reliance Steel & Aluminum Co $21.0B23.8x12.2%7.0%+15.4% +55.0%
CRS Carpenter Technology Corpora $18.7B35.6x25.8%19.1%+8.6% +58.5%
TX Ternium S.A. $11.2B15.8x5.7%7.9%−1.6% —
CMC Commercial Metals Company $7.2B11.0x14.8%8.0%+20.5% —
CLF Cleveland-Cliffs Inc. $6.9Bn/m-15.3%-2.8%+4.0% —
12-month window: SPY +15.9%, sector ETF XLB +17.8%. Past returns describe history only.

Recent 8-K filings

2026-07-27Earnings Release; Regulation FD; Exhibits
2026-06-22Officer/Director Change; Exhibits
2026-06-02Officer/Director Change; Exhibits
2026-05-19Shareholder Vote
2026-04-27Earnings Release; Regulation FD; Exhibits
2026-03-03Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits

Context

Shares outstanding226,876,000
Free float98.5%
Institutional ownership80.3%
Beta1.88
Dividend yield0.87%
Last dividend$0.56 on 2026-09-30
50 / 200-day average$254.23 / $218.65
Large-cap Basic Materials median P/E30.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where NUE sits among 11 scored companies in Steel (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureNUEIndustry medianIndustry percentileSector median
P/E (TTM) 20.2x 22.5x
29th		 19.5x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.6x 0.8x
80th		 1.9x
Price / book 2.6x 1.5x
70th		 2.3x
Price / tangible book 3.4x 1.9x
60th		 3.3x
Price / free cash flow 36.7x 36.1x
67th		 16.3x
Price / operating cash flow 13.1x 11.1x
56th		 9.6x
Enterprise value $62.6B $14.5B
100th		 $5.4B
EV / sales 1.7x 0.9x
80th		 2.0x
EV / EBITDA 11.1x 11.4x
30th		 10.8x
EV / EBIT 14.9x 16.1x
38th		 14.7x
EV / free cash flow 39.5x 39.9x
33rd		 21.6x
Earnings yield 5.0% 3.8%
80th		 3.9%
FCF yield 2.7% 2.6%
60th		 4.3%
Operating cash flow yield 7.6% 7.6%
50th		 9.8%
Graham number (per share) $165.76 $88.44
86th		 $36.55

Profitability (TTM)

MeasureNUEIndustry medianIndustry percentileSector median
Gross margin 15.5% 14.6%
60th		 32.1%
EBITDA margin 15.7% 12.2%
90th		 19.0%
Operating margin 11.5% 7.5%
90th		 13.8%
EBIT margin 11.7% 7.3%
90th		 12.3%
Net margin 8.0% 4.4%
90th		 6.8%
NOPAT margin 9.1% 5.0%
90th		 10.1%
FCF margin 4.4% 2.6%
70th		 6.4%
Operating cash flow margin 12.3% 7.7%
90th		 15.6%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 3.9% 5.6%
30th		 9.4%
Stock comp / revenue 0.2% 0.2%
70th		 0.4%
Effective tax rate 20.7% 21.0%
30th		 22.5%

Returns on capital

MeasureNUEIndustry medianIndustry percentileSector median
ROE (on average equity) 13.6% 5.7%
70th		 12.1%
ROA 8.1% 2.9%
70th		 5.0%
ROIC 12.4% 6.4%
90th		 9.8%
ROCE 13.3% 5.6%
80th		 9.7%
Return on tangible assets 11.8% 4.8%
80th		 8.5%
Cash ROIC (OCF / invested capital) 16.7% 10.9%
90th		 14.9%
Gross profitability (GP / assets) 15.1% 11.3%
60th		 17.5%
ROIC, 3-yr average 9.4% 4.5%
80th		 6.5%
ROIC, 5-yr average 20.6% 10.1%
89th		 8.1%
ROE, 5-yr average 23.4% 10.2%
89th		 9.1%
Incremental ROIC 116.4% 42.1%
100th		 28.3%

Growth

MeasureNUEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 17.2% 15.4%
70th		 9.7%
Revenue growth (QoQ) 9.5% 9.5%
50th		 9.5%
Revenue CAGR, 3 yr -1.2% -0.2%
33rd		 2.3%
Revenue CAGR, 5 yr 6.8% 7.1%
33rd		 7.3%
Gross profit CAGR, 3 yr -16.1% -1.9%
14th		 5.4%
Operating income CAGR, 3 yr -18.6% -15.0%
12th		 7.8%
Net income growth (TTM YoY) 122.5% 40.9%
83rd		 45.4%
Net income CAGR, 3 yr -19.6% -16.4%
17th		 7.3%
EPS growth (TTM YoY) 124.8% 41.5%
83rd		 44.1%
EPS CAGR, 3 yr -17.1% -14.4%
17th		 8.0%
EPS CAGR, 5 yr 4.4% 4.4%
50th		 11.5%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr -37.3% -31.8%
0th		 3.8%
Operating cash flow CAGR, 3 yr -19.5% -18.4%
38th		 7.7%
Book value CAGR, 3 yr 6.7% 3.5%
78th		 6.5%
Dividend CAGR, 3 yr 2.8% 3.0%
43rd		 2.6%
Sustainable growth rate 11.2% 9.9%
57th		 13.5%

Margin history & stability

MeasureNUEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 14.8% 15.4%
40th		 29.8%
Operating margin, 3-yr average 9.3% 7.3%
80th		 12.0%
Net margin, 3-yr average 7.5% 2.8%
80th		 6.3%
FCF margin, 3-yr average 4.4% 2.9%
60th		 7.1%
Revenue stability (0-1) 0.33 0.41
30th		 0.60
Earnings stability (0-1) 0.26 0.26
50th		 0.41
Margin stability (0-1) 0.69 0.69
50th		 0.83

Liquidity (latest quarter)

MeasureNUEIndustry medianIndustry percentileSector median
Cash & short-term investments $2.7B $393.3M
80th		 $245.7M
Net cash (− = net debt) −$4.4B −$2.3B
20th		 −$465.1M
Working capital $7.9B $3.2B
90th		 $531.5M
Current ratio 2.51 2.34
60th		 2.08
Quick ratio 1.36 1.43
30th		 1.42
Cash ratio (cash + ST investments / current liabilities) 0.51 0.25
80th		 0.45
Defensive interval (days) 1,697 days 1,299 days
100th		 773 days

Leverage & solvency (latest quarter)

MeasureNUEIndustry medianIndustry percentileSector median
Total debt $7.1B $3.0B
80th		 $807.4M
Debt / equity 0.32 0.32
50th		 0.50
Net debt / equity 0.20 0.24
40th		 0.30
Debt / assets 19.2% 19.2%
50th		 24.4%
Debt / capital 24.3% 24.3%
50th		 33.5%
Debt / EBITDA 1.25 1.55
20th		 1.80
Net debt / EBITDA 0.78 1.19
30th		 1.17
Interest coverage (EBIT / interest) 33.7x 5.7x
100th		 6.7x
Cash interest coverage 35.4x 7.4x
100th		 7.7x
Debt payback (years of OCF) 1.6 yrs 2.6 yrs
11th		 2.6 yrs
Liabilities / assets 37.0% 42.7%
20th		 47.8%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 225
0th		 162

Efficiency

MeasureNUEIndustry medianIndustry percentileSector median
Asset turnover 1.01 1.08
40th		 0.66
Fixed asset turnover 2.28 2.10
67th		 1.53
Inventory turnover 5.3 4.9
70th		 4.9
Receivables turnover 9.7 8.7
60th		 8.7
Days sales outstanding 38 days 42 days
40th		 42 days
Days inventory outstanding 69 days 75 days
30th		 74 days
Days payables outstanding 27 days 39 days
20th		 49 days
Cash conversion cycle (days) 79 days 79 days
50th		 61 days
Capex / revenue 7.9% 6.2%
70th		 7.8%
Capex / depreciation 1.96 1.46
90th		 1.09
Operating expense ratio 3.9% 7.0%
30th		 11.3%

Cash flow & earnings quality

MeasureNUEIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.53 1.34
57th		 1.55
FCF / net income 0.55 0.57
43rd		 0.89
FCF / operating cash flow 35.8% 41.4%
33rd		 52.6%
Capex / operating cash flow 64.2% 58.6%
67th		 47.0%
Accruals ratio -4.3% -3.5%
30th		 -5.6%
Sloan accruals ratio -3.1% -3.7%
60th		 -3.6%
Earnings quality score (0-1) 1.00 1.00
43rd		 0.75

Dividends & buybacks

MeasureNUEIndustry medianIndustry percentileSector median
Dividend yield 0.9% 1.1%
40th		 0.9%
Dividend per share (TTM) $2.24 $0.76
90th		 $0.40
Payout ratio (dividends / net income) 17.8% 18.1%
43rd		 18.3%
Dividends / FCF 32.3% 32.3%
50th		 17.9%
Dividend growth (YoY) 0.2% 1.4%
25th		 4.2%
Buyback yield 1.2% 1.0%
60th		 0.2%
Shareholder yield (dividends + buybacks) 2.0% 2.2%
40th		 2.3%
Share count change (YoY) -1.0% -0.5%
30th		 0.0%
Buybacks, last 5 years $969.0M $9.5M
80th		 $35.6M

Scores & forensic checks

MeasureNUEIndustry medianIndustry percentileSector median
IS score 67 42
90th		 57
IS profitability 43 28
80th		 44
IS growth 70 66
70th		 59
IS value 66 62
80th		 54
IS momentum 95 79
90th		 78
IS risk (safety) 100 50
70th		 80
IS quality 78 67
90th		 70
IS balance sheet 79 74
90th		 65
IS earnings quality 80 74
90th		 71
IS cash flow 46 35
80th		 49
Piotroski F-score (0-9) 8 6
90th		 6
Altman Z-score 5.1 2.4
70th		 3.1
Beneish M-score −2.67 −2.15
20th		 −2.55
Ohlson O-score −10.24 −9.28
0th		 −8.14
IS credit score 91 60
80th		 70

Per share

MeasureNUEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $12.62 $3.56
90th		 $1.57
Book value per share $96.76 $44.20
90th		 $16.95
Tangible book per share $71.09 $39.93
80th		 $8.43
Revenue per share $157.99 $82.26
90th		 $31.21
FCF per share $6.93 $2.00
80th		 $1.99
Operating cash flow per share $19.36 $7.83
100th		 $4.23
Cash per share $11.78 $4.96
90th		 $2.16

Size (TTM)

MeasureNUEIndustry medianIndustry percentileSector median
Market cap $58.1B $11.2B
100th		 $4.7B
Revenue $36.1B $15.8B
90th		 $2.5B
EBITDA $5.7B $1.3B
90th		 $488.0M
Net income $2.9B $655.8M
100th		 $137.1M
Free cash flow $1.6B $99.9M
100th		 $142.7M
Total assets $37.0B $11.2B
90th		 $3.8B
Shareholders' equity $22.1B $5.6B
90th		 $1.6B
Employees 33,000 14,400
80th		 4,067

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-17Topalian Leon J
Chair and CEO
 Gift 1,800——136,354
2026-08-14Topalian Leon J
Chair and CEO
 Open-market sale 25,898$268.52$7.0M138,256
2026-08-14Topalian Leon J
Chair and CEO
 Open-market sale 102$269.29$27,468138,154
2026-08-14Behr Allen C
Executive Vice President
 Option exercise 7,739$110.74$857,01767,047
2026-08-14Behr Allen C
Executive Vice President
 Open-market sale 5,127$274.00$1.4M61,920
2026-08-14Behr Allen C
Executive Vice President
 Open-market sale 2,612$274.42$716,77459,308
2026-08-14Behr Allen C
Executive Vice President
 Option exercise 7,739$110.74$857,0170
2026-08-03Batterbee Thomas J.
Executive Vice President
 Open-market sale 4,000$261.02$1.0M16,138
2026-07-30Laxton Stephen D
President and COO
 Gift 2,409——81,835
2026-07-30Laxton Stephen D
President and COO
 Open-market sale 3,968$256.96$1.0M77,867
2026-06-03Hollatz John J
Executive Vice President
 Option exercise 5,522$130.71$721,781103,387
2026-06-03Hollatz John J
Executive Vice President
 Open-market sale 5,522$258.57$1.4M97,865

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
GiftDisposed24,209—
Open-market saleDisposed23170,936$40.8M
Option exerciseAcquired6111,106$6.7M
Option exerciseDisposed6111,106$6.7M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 27 notices · 296,250 shares · $66.6M
FiledFilerShares proposedEst. proceeds
2026-08-14Behr Allen C7,739$2.1M
2026-08-14Topalian Leon J26,000$7.0M
2026-08-03Batterbee Thomas J.4,000$1.0M
2026-07-30Laxton Stephen D3,968$1.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-25Michael McCaulHouseSale$50,001 - $100,0002026-10-16
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2025-05-15Rob BresnahanHouseSale$1,001 - $15,0002025-06-10
2025-05-14Robert P. BresnahanHouseSale (Full)$1,001 - $15,0002025-06-10
2025-05-12Michael McCaulHousePurchase$100,001 - $250,0002025-06-12
2023-03-13Gary PetersSenateSale (Full)$50,001 - $100,0002023-04-12
2023-03-13Gary PetersSenateSale (Full)$50,001 - $100,0002023-04-11
2023-03-13Gary C. PetersSenateSale (Full)$50,001 - $100,0002023-04-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO24,206,873$5.4B10.67%
BlackRock, Inc.19,989,061$4.5B8.81%
VANGUARD CAPITAL MANAGEMENT LLC14,870,609$3.3B6.55%
VANGUARD PORTFOLIO MANAGEMENT LLC12,198,702$2.7B5.38%
STATE STREET CORP11,562,974$2.6B5.10%
GEODE CAPITAL MANAGEMENT, LLC6,086,878$1.4B2.68%
NORGES BANK4,118,036$917.3M1.82%
MORGAN STANLEY3,738,126$832.7M1.65%
FMR LLC2,974,596$662.6M1.31%
DIMENSIONAL FUND ADVISORS LP2,476,484$551.7M1.09%
NORTHERN TRUST CORP2,277,837$507.4M1.00%
BANK OF AMERICA CORP /DE/2,078,050$462.9M0.92%
NORDEA INVESTMENT MANAGEMENT AB1,972,960$439.5M0.87%
Sixth Street Partners Management Company, L.P.1,899,148$423.0M0.84%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,899,148$423.0M0.84%

Institutional ownership by quarter

2023-092026-0680.3%
% of shares held by 13F filers
2023-092026-061,554
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,55480.3%25350552364
2026-03-311,38377.7%15450644795
2025-12-311,34679.7%20946144671
2025-09-301,22676.9%13443342479
2025-06-301,19179.5%142396462125
2025-03-311,18779.0%150458381120
2024-12-311,18178.8%166347479162
2024-09-301,20079.8%108406489132
2024-06-301,23680.6%99427486138
2024-03-311,29981.9%14543948581
2023-12-311,25283.3%17837250673
2023-09-301,16584.2%9339043994

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.3%16,726,022
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.2%11,769,585
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-05-13SCHEDULE 13GSTATE STREET CORPORATION5.3%12,133,411
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.07%$1.7B
VTSAX0.07%$1.7B
VTI0.07%$1.7B
VSMPX0.07%$1.7B
VFFSX0.08%$1.4B
VFINX0.08%$1.4B

Share structure

Shares outstanding226,876,000
Float223,447,585
Free float98.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$36.5B$41.5B$34.7B$30.7B$32.5B
Cost of revenue$25.5B$29.0B$26.9B$26.6B$28.6B
Gross profit$11.0B$12.5B$7.8B$4.1B$3.9B
R&D$0$0$0$0$0
SG&A$1.7B$2.0B$1.6B$1.1B$1.2B
Operating income$9.3B$10.5B$6.2B$3.0B$2.7B
EBITDA$10.2B$11.6B$7.7B$4.5B$4.1B
Pretax income$9.2B$10.2B$6.3B$2.9B$2.6B
Income tax$2.1B$2.2B$1.4B$583.0M$530.0M
Net income$6.8B$7.6B$4.5B$2.0B$1.7B
EPS, diluted$23.16$28.79$18.00$8.46$7.52
Diluted shares293.4M263.2M250.4M238.5M230.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$2.6B$4.9B$7.1B$4.1B$2.7B
Receivables$3.9B$3.6B$3.0B$2.7B$3.1B
Inventory$6.0B$5.5B$5.6B$5.1B$5.5B
Total current assets$12.8B$14.7B$16.4B$12.5B$11.8B
PP&E, net$8.1B$9.6B$11.1B$13.2B$15.3B
Goodwill & intangibles$3.9B$7.2B$7.1B$7.4B$7.2B
Total assets$25.8B$32.5B$35.3B$33.9B$35.1B
Accounts payable$1.8B$1.6B$2.0B$1.8B$1.9B
Total current liabilities$5.2B$4.3B$4.6B$5.0B$4.0B
Long-term debt$4.8B$6.4B$6.5B$5.5B$6.9B
Total liabilities$11.2B$12.9B$13.2B$12.5B$13.0B
Shareholders' equity$14.6B$19.6B$22.1B$21.4B$22.1B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$7.1B$8.1B$4.9B$2.3B$2.0B
Depreciation & amortization$864.6M$1.1B$1.2B$1.4B$1.5B
Stock-based compensation$135.8M$137.0M$130.0M$132.0M$133.0M
Change in working capital−$1.9B$693.0M$858.0M$156.0M−$636.0M
Operating cash flow$6.2B$10.1B$7.1B$4.0B$3.2B
Capital expenditure−$1.6B−$1.9B−$2.2B−$3.2B−$3.4B
Free cash flow$4.6B$8.1B$4.9B$806.0M−$188.0M
Investing cash flow−$2.9B−$5.7B−$2.5B−$3.7B−$3.2B
Net debt issued / repaid$246.8M$922.0M−$35.0M$95.0M$91.0M
Buybacks−$3.3B−$2.8B−$1.6B−$2.2B−$700.0M
Dividends paid−$483.5M−$534.0M−$515.0M−$522.0M−$512.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin30.2%30.1%22.5%13.3%11.9%
Operating margin25.5%25.3%13.5%9.7%8.2%
Net margin18.6%18.3%13.0%6.6%5.4%
FCF margin12.6%19.6%14.1%2.6%-0.6%
ROE54.8%46.8%23.0%9.8%8.5%
ROIC42.2%40.9%17.8%10.3%8.3%
ROA29.6%26.0%13.3%5.9%5.1%
Debt / equity0.410.360.330.340.34
Interest coverage57.4x47.7x27.3x13.7x16.0x
Current ratio2.483.393.572.512.94
Revenue growth+81.2%+13.8%−16.4%−11.5%+5.7%
EPS growth+922.1%+22.4%−38.2%−52.7%−12.2%
P/E at year end4.5x4.3x9.3x13.3x21.5x
EV / EBITDA at year end3.3x3.0x5.3x6.6x10.0x
FCF yield at year end15.21%25.08%11.70%2.99%-0.50%
Dividend payout7.1%7.0%11.4%25.8%29.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Sheet$12.7B$11.4B$9.1B$9.2B$9.2B
Bar$6.0B$7.0B$6.0B$5.2B$5.7B
Steel Products$5.7B—$5.1B$3.4B$3.5B
Other Steel Products—$5.6B———
Structural$2.6B$2.9B$2.4B$2.3B$2.6B
Plate$2.8B$2.8B$2.5B$2.0B$2.5B
Raw Materials$2.6B—$1.9B$1.9B$2.2B
Rebar Fabrication$1.8B$2.2B$2.2B$1.8B$1.9B
Tubular Products$2.2B$1.9B$1.6B$1.3B$1.4B
Deck——$1.7B$998.0M—

Street estimates by fiscal year

Next report 2026-10-26 · consensus EPS $5.80 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$40.8B$39.3B – $41.7B$19.15$19.04 – $19.29513.4x
2027$42.3B$38.7B – $44.6B$20.44$17.93 – $22.90912.5x
2028$41.8B$39.1B – $45.1B$18.19$15.87 – $22.14614.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-27$4.46$4.84+8.5%$10.1B$10.4B+2.5%
2026-04-27$2.82$3.23+14.5%$8.9B$9.5B+6.9%
2026-01-26$1.91$1.73−9.4%$7.9B$7.7B−2.8%
2025-10-27$2.18$2.63+20.6%$8.2B$8.5B+4.2%
2025-07-28$2.55$2.60+2.0%$8.5B$8.5B−0.9%
2025-04-28$0.69$0.77+12.1%$7.2B$7.8B+8.4%
2025-01-27$0.94$1.22+29.8%$6.8B$7.1B+4.6%
2024-10-21$1.50$1.49−0.7%$7.3B$7.4B+2.2%
2024-07-22$2.35$2.68+14.0%$7.7B$8.1B+5.1%
2024-04-22$3.66$3.46−5.5%$8.3B$8.1B−1.5%
2024-01-29$2.90$3.16+9.0%$7.7B$7.7B+0.7%
2023-10-23$4.25$4.57+7.5%$8.3B$8.8B+5.6%
2023-07-24$5.53$5.81+5.1%$9.6B$9.5B−1.0%
2023-04-20$3.81$4.45+16.8%$9.0B$8.7B−3.2%
2023-01-26$4.19$4.89+16.7%$8.4B$8.7B+3.5%
2022-10-20$6.73$6.50−3.4%$10.3B$10.5B+2.4%
2022-07-21$8.85$9.67+9.3%$11.6B$11.8B+1.7%
2022-04-21$7.29$7.67+5.2%$10.5B$10.5B+0.4%
2022-01-27$7.91$7.97+0.8%$10.4B$10.4B−0.8%
2021-10-21$7.28$7.280.0%$9.8B$10.3B+5.0%
2021-07-22$4.79$5.15+7.5%$9.7B$8.8B−9.0%
2021-04-22$3.09$3.12+1.0%$7.1B$7.0B−0.9%
2021-01-28$1.18$1.29+9.3%$4.8B$5.3B+10.3%
2020-10-22$0.51$0.65+27.5%$3.9B$4.9B+27.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.606-220.506-290.407-060.307-130.407-200.707-270.608-030.308-100.908-170.408-240.308-31
Week ofNotionalSharesTrades
2026-08-31$343.1M1,330,81351,096
2026-08-24$364.8M1,460,34056,882
2026-08-17$861.8M3,447,02184,492
2026-08-10$336.2M1,233,82044,456
2026-08-03$574.4M2,123,40767,064
2026-07-27$667.6M2,598,16078,816

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1548.7%
DateShort shareShort volumeTotal volume
2026-10-1548.7%275,506565,760
2026-10-1465.0%235,590362,234
2026-10-1368.8%168,086244,189
2026-10-1261.0%201,598330,493
2026-10-0964.8%236,679365,275
2026-10-0869.6%216,796311,462
2026-10-0761.9%247,830400,258
2026-10-0650.3%218,146433,652
2026-10-0546.8%251,718538,248
2026-10-0243.9%173,266394,675
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.0Jan+1.6Feb+3.1Mar+0.5Apr-2.3May-1.2Jun+1.7Jul-1.3Aug-1.8Sep+4.9Oct+4.3Nov+2.1Dec
MonthAvg returnUp yearsYears
Jan+1.0%50%20
Feb+1.6%50%20
Mar+3.1%57%21
Apr+0.5%60%20
May−2.3%40%20
Jun−1.2%40%20
Jul+1.7%65%20
Aug−1.3%25%20
Sep−1.8%60%20
Oct+4.9%75%20
Nov+4.3%65%20
Dec+2.1%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1456.8
MFI53.9
ADX13.4
Stochastic %K / %D89.2 / 92.6
Williams %R-21.9
CCI156
TSI / signal3.3 / -3.9
Chaikin money flow-0.05
ATR$7.21
Bollinger width10.7%
Volume vs 20-day avg0.94x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$246.81 (+3.8%)
SMA 50$253.47 (+1.1%)
SMA 200$218.14 (+17.5%)
EMA 21$250.38 (+2.4%)
EMA 50$249.83 (+2.6%)
EMA 200$221.75 (+15.6%)
Bollinger upper$260.03 (−1.4%)
Bollinger lower$233.59 (+9.7%)
Parabolic SAR$236.44 (+8.4%)
Open the live chart, 110+ indicators

About Nucor Corporation

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.

https://www.nucor.com

Key executives

NameTitlePayBorn
Leon J. TopalianChairman of the Board & CEO$4.1M1968
Stephen D. LaxtonPresident & COO$2.8M1971
Allen C. BehrExecutive Vice President of Raw Materials$2.6M1975
D. Chad UtermarkExecutive Vice President of New Markets & Innovation$2.6M1969
John L. SullivanChief Financial Officer, Treasurer & Executive Vice President$2.6M1974
K. Rex QueryExecutive Vice President of Strategy$2.5M1966
Douglas R. WilnerPresident of Corporate Legal Affairs & General Counsel——
Elizabeth BledsoePresident of Human Resources & Talent—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Leon J. Topalian Chair, President and CEO2025$1.6M$8.9M$2.5M$14.9M
Stephen D. Laxton Chief Financial Officer and Executive Vice President2025$800,000$2.7M$1.0M$6.0M
David A. Sumoski Chief Operating Officer2025$800,000$2.7M$1.0M$5.4M
Daniel R. Needham Executive Vice President2025$692,500$2.4M$773,273$5.1M
K. Rex Query Executive Vice President2025$692,500$2.1M$966,592$4.9M

Employees

26k201827k201926k202029k202131k202232k202333k202433k2025

Dividends

Ex-dateAmountPaid
2026-09-30$0.562026-11-10
2026-06-30$0.562026-08-11
2026-03-31$0.562026-05-11
2025-12-31$0.562026-02-11
2025-09-30$0.552025-11-10
2025-06-30$0.552025-08-11
2025-03-31$0.552025-05-12
2024-12-31$0.552025-02-11

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage71
Intangibles56
Switching costs30
Network effect45
Efficient scale95
Our component scores (0-100) and overall 56.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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