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Nucor (NUE) stock

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NYSE: NUE NYSE Steel Next results ~January 25, 2027

B Fundamentals grade

Nucor is a US-listed company in the steel industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$140

Cash-flow model

Base case. Range ~$98–$190 across our lower- and higher-growth cases (2%–12% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 50% below it.

Price used: $277.65, November 2, 2026

Nucor valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 12 selling0 purchases and 41 sales by directors and officers, last 12 monthsInsider trades
  • Funds726 adding, 583 cuttingOf 78 active managers that changed their stake, 41 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nucor files

Where Nucor stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $36.1bn, up 17.2% on a year earlier, faster than 12.3% a quarter earlier. Free-cash-flow margin rose to 4.4% from -1.2% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $136 a share, against a share price of $258.

Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Nucor's trailing-twelve-month revenue grew 17.2% year on year, with a free-cash-flow margin of 4.4%. Where it stands out: net margin of 8.0% ranks 3 of 15 steel companies we cover.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$98–$190 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 17.2% (+4.9pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.2% over the last 12 months, against a median of 14.2% for steel companies we cover.
  • Growth speeding up. The growth rate is 4.9 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 1.7% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 16.2% over 90 days.

Things to watch

  • Priced above our value. The share price of $277.65 is 50% above our value per share of $140.
  • Insiders selling. 12 insiders sold $60M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 55% of net income over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 12, 2026
Earnings per share
$5.80 against an average estimate of $5.83: missed by 0.5%
Revenue
$10.40bn, up 23.0% on a year earlier
Share reaction
+4.9% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Next report
January 25, 2027; average EPS estimate $5.67

Nucor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week+7.9%
  • 1 month+15.5%
  • This year+71.6%
  • 1 year+87.2%
  • 5 years+170.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$36.1B
Net margin
8.0%
EPS (TTM, diluted)
$12.57

Growth

Revenue growth
+17.2%
Change in growth rate
+4.9 pts
Share count change
−1.7%

Cash

Free cash flow (TTM)
$1.6B
FCF margin
4.4%
Stock pay % of revenue
0.4%

Earnings

Last results
October 26, 2026
Next results (est.)
January 25, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Results
  4. Product
  5. Product
  6. Dividend
  7. Results
  8. Insider trade
  9. Insider trade
  10. Product
  11. Insider trade
  12. Insider trade
  13. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nucor valuation models and calculator

What the price is pricing in

The share price implies about 18.3% a year of cash-flow growth for five years.That is faster than the -0.2% a year revenue growth Nucor has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in18.3%
  • Last 12 months17.2%
  • 3 years a year-1.2%
  • 5 years a year-0.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($274.78, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$140
Price used
$274.78close November 3, 2026
Implied change
▼ 50%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Nucor's free cash flow after stock-based pay with after-tax interest added back ($1.7B, FY2026 Q2 TTM), growing 12.7% and 5% in the next two years (forecasts, guidance and its record), then back to 7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$98–~$190 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Nucor's free cash flow after stock-based pay ( $1.7B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Nucor as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$140 ~$98–$190 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$250 ~$200–$340 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$490 ~$360–$700 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$330 ~$290–$390 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$270 ~$140–$490 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nucor with Steel in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −23%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $80$118$167$232$318$428
8.5% $56$83$118$165$226$304
10% $41$62$89$125$171$231

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$31.84$48.45$53.11$44.42$49.68$48.80$106.60$125.14$167.38$113.90$161.77$277.65
Market value$10.2bn$15.5bn$17.0bn$14.1bn$15.2bn$14.8bn$31.3bn$32.9bn$41.9bn$27.2bn$37.4bn$63.7bn
+ Net debt (− = net cash)$2.5bn$2.3bn$2.8bn$2.9bn$2.8bn$2.7bn$3.3bn$2.4bn$459m$3.4bn$4.9bn$4.6bn
Enterprise value$12.7bn$17.8bn$19.9bn$17.0bn$18.0bn$17.5bn$34.6bn$35.3bn$42.4bn$30.6bn$42.2bn$68.3bn
Multiples
Price / sales 0.6x1.0x0.8x0.6x0.7x0.7x0.9x0.8x1.2x0.9x1.2x1.8x
Price / earnings 126.5x19.5x12.9x6.0x11.9x20.5x4.6x4.3x9.3x13.4x21.4x22.1x
Price / free cash flow 5.7x13.5x28.1x10.0x11.4x12.8x6.8x4.1x8.6x33.7x—40.3x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Nucor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.8% of total assets over 10 years.

  • Pricing power 3 / 20

    Gross margin has been a median 15.9%, moving by 6.9 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Net margin has been a median 8.4%; its worst year was 2.5%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 6.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 24.0% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 25, 2027, after the close. Analysts expect revenue of $10.5bn and EPS of $5.67 (range $4.62 to $6.11) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $19.53 +153% $41.5bn +28%
Next $21.02 +8% $41.9bn +1%

Next year's EPS estimate has moved +16.2% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.8% on 90 days ago. In the last 30 days, 5 analysts raised Nucor's forecast and 3 cut it.

Consensus EPS forecast Nucor, last 90 days
$18.00 $19.00 $20.00 $21.00 $22.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $18.47 Current fiscal year, 60 days ago: $18.73 Current fiscal year, 30 days ago: $19.23 Current fiscal year, 7 days ago: $19.49 Current fiscal year, Now: $19.53 $19.53 Next fiscal year, 90 days ago: $18.08 Next fiscal year, 60 days ago: $19.05 Next fiscal year, 30 days ago: $19.74 Next fiscal year, 7 days ago: $20.95 Next fiscal year, Now: $21.02 $21.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $18.47$18.08
60 days ago $18.73$19.05
30 days ago $19.23$19.74
7 days ago $19.49$20.95
Now $19.53$21.02

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $5.83 $5.80 −0.5%
Jun 2026 $4.53 $4.84 +6.9%
Mar 2026 $2.82 $3.23 +14.7%
Dec 2025 $1.81 $1.73 −4.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 27, 2026

No numeric guidance in Nucor's latest earnings release (filed July 27, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Nucor's revenue by +12.7% next year and +5.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.5%, weight 67%) and the company's own record (+7.0%, weight 33%) . How the weights are set.

Analyst recommendations

17 analysts, Oct 2026
Buy1376%
Hold318%
Sell16%

Monthly trend

  1. Oct 2026310317
  2. Sep 2026310317
  3. Aug 2026311317
  4. Jul 2026311317

Counts of recommendations published by analysts covering Nucor, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
3.86
at average volume
Short interest, 1 month
+13%
to October 15, 2026
Held by institutions
81%
of shares
Held by insiders
1.2%
of shares
Employees
33,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +87.2%

$148.31 on October 31, 2025 to $277.65

ThenNowEffect
Revenue (last 12 months) $30.8bn $36.1bn +17.2%
Net margin 4.2% 8.0% +89.9%
P/E multiple 26.7x 22.1x −17.3%
Share count 234m 230m +1.8%

Biggest factor: net margin.

Last 3 years +90.1%

$146.03 on November 3, 2023 to $277.65

ThenNowEffect
Revenue (last 12 months) $37.5bn $36.1bn −3.6%
Net margin 14.8% 8.0% −46.1%
P/E multiple 6.7x 22.1x +228.6%
Share count 255m 230m +11.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NUE+118%+17%+34%−32%+42%+72%
Industry peers (median)+64%+18%+29%−2%+28%+22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NUE67%50%50%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NUE−24%−41%−26%−42%−27%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 57% from January 11, 2018 to March 23, 2020. Getting back needed a 134% gain, reached on March 8, 2021, 350 days after the low.

Price behaviour

52-week range
$141.01 – $277.65
From 52-week high
0.0%
vs 50-day average
+9.2%
vs 200-day average
+24.2%
Volatility (1 year)
31%
Beta vs S&P 500
0.84

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.5%
After a week
7 up, 5 down
typical move ±5.4%
After a month
5 up, 6 down
typical move ±8.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 +4.9% +1.3% +7.6% —
July 27, 2026 +7.3% +0.3% +5.5% 0.0%
April 27, 2026 +5.0% −0.3% +5.4% +15.0%
January 26, 2026 −4.4% +0.9% −0.4% −3.4%
October 27, 2025 +9.6% +1.4% +6.8% +12.7%
July 28, 2025 −3.6% −0.3% −6.1% +1.5%
April 28, 2025 +2.6% +0.7% +4.1% −5.9%
January 27, 2025 +3.6% −0.6% +7.5% +10.1%
October 21, 2024 −7.7% −0.2% −6.6% −8.6%
July 22, 2024 −0.6% +0.9% −1.9% −11.8%
April 22, 2024 −8.7% +2.1% −8.4% −10.1%
January 29, 2024 +7.9% +0.7% +4.1% +9.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Nucor’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.21× the last 60 days’ realised volatility , richer than 57% of the 229 stocks we screen today.
  • Calls are priced 4 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

NUE Nucor Grade B $279.32

Own 100 shares, sell the $290 call expiring December 18, 2026 (46 days) for $9.90 a share — $990 per contract.

Previous session · Bid $9.90, ask $11.80, quoted Mon 2 Nov, 17:31 New York time with NUE at $279.32. Option prices move with the shares: check the live chain at your broker before trading.

  • If NUE ends below $290: you keep your shares and the $990 — 3.5% extra on the position, 28.1% a year at that pace.
  • If it ends above $290: your shares are sold at $290, a total return of 7.4% including the premium — at or above our value of ~$140.
$2.1k $0 −$5.4k Break-even $269.42 Price $279.32 ← Our value ~$140
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$990
Annualised
28.1%
Break-even
$269.42
Max gain
$2,058
Chance of selling
~44%

Collar

Own the shares, buy the $260 put and sell the $290 call, both expiring December 18, 2026 (46 days).

  • Net credit of $2.40 a share ($240 per contract of 100 shares).
  • Worst case at expiry: -6.1%, if the shares fall below $260 (-6.9% from today).
  • Best case at expiry: +4.7%, if the shares rise above $290 (+3.8%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $140: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Nucor in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nucor
$30B $32B $34B $36B $38B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $35.7B Revenue (TTM), FY23 Q4: $34.7B Revenue (TTM), FY24 Q1: $34.1B Revenue (TTM), FY24 Q2: $32.7B Revenue (TTM), FY24 Q3: $31.4B Revenue (TTM), FY24 Q4: $30.7B Revenue (TTM), FY25 Q1: $30.4B Revenue (TTM), FY25 Q2: $30.8B Revenue (TTM), FY25 Q3: $31.9B Revenue (TTM), FY25 Q4: $32.5B Revenue (TTM), FY26 Q1: $34.2B Revenue (TTM), FY26 Q2: $36.1B $36.1B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $35.7B
FY23 Q4 $34.7B
FY24 Q1 $34.1B
FY24 Q2 $32.7B
FY24 Q3 $31.4B
FY24 Q4 $30.7B
FY25 Q1 $30.4B
FY25 Q2 $30.8B
FY25 Q3 $31.9B
FY25 Q4 $32.5B
FY26 Q1 $34.2B
FY26 Q2 $36.1B
Revenue growth, TTM YoY Nucor
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -17.2% Revenue growth, TTM YoY, FY23 Q4: -16.4% Revenue growth, TTM YoY, FY24 Q1: -14.1% Revenue growth, TTM YoY, FY24 Q2: -12.7% Revenue growth, TTM YoY, FY24 Q3: -12.2% Revenue growth, TTM YoY, FY24 Q4: -11.5% Revenue growth, TTM YoY, FY25 Q1: -10.9% Revenue growth, TTM YoY, FY25 Q2: -5.8% Revenue growth, TTM YoY, FY25 Q3: 1.7% Revenue growth, TTM YoY, FY25 Q4: 5.7% Revenue growth, TTM YoY, FY26 Q1: 12.3% Revenue growth, TTM YoY, FY26 Q2: 17.2% 17.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -17.2%
FY23 Q4 -16.4%
FY24 Q1 -14.1%
FY24 Q2 -12.7%
FY24 Q3 -12.2%
FY24 Q4 -11.5%
FY25 Q1 -10.9%
FY25 Q2 -5.8%
FY25 Q3 1.7%
FY25 Q4 5.7%
FY26 Q1 12.3%
FY26 Q2 17.2%
FCF margin (TTM) Nucor
-5% 0% 5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 17.1% FCF margin (TTM), FY23 Q4: 14.1% FCF margin (TTM), FY24 Q1: 11.8% FCF margin (TTM), FY24 Q2: 10.1% FCF margin (TTM), FY24 Q3: 5.6% FCF margin (TTM), FY24 Q4: 2.6% FCF margin (TTM), FY25 Q1: 1.7% FCF margin (TTM), FY25 Q2: -1.2% FCF margin (TTM), FY25 Q3: -1.0% FCF margin (TTM), FY25 Q4: -0.6% FCF margin (TTM), FY26 Q1: 1.6% FCF margin (TTM), FY26 Q2: 4.4% 4.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 17.1%
FY23 Q4 14.1%
FY24 Q1 11.8%
FY24 Q2 10.1%
FY24 Q3 5.6%
FY24 Q4 2.6%
FY25 Q1 1.7%
FY25 Q2 -1.2%
FY25 Q3 -1.0%
FY25 Q4 -0.6%
FY26 Q1 1.6%
FY26 Q2 4.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jul 2026
Income
Revenue 11.2 15.8 20.0 19.4 19.1 21.1 16.4 16.2 20.3 25.1 22.6 20.1 36.5 41.5 34.7 30.7 32.5 36.1
Gross profit — — — — — — — 2.0 2.6 4.3 2.7 2.2 11.0 12.5 7.8 4.1 3.9 5.6
Net income −0.3 0.1 0.8 0.5 0.5 0.7 0.1 0.8 1.3 2.4 1.3 0.7 6.8 7.6 4.5 2.0 1.7 2.9
Diluted EPS −$0.94 $0.42 $2.45 $1.58 $1.52 $2.11 $0.25 $2.48 $4.10 $7.42 $4.14 $2.36 $23.16 $28.79 $18.00 $8.46 $7.52 $12.57
Growth (year on year)
Revenue −52.7% +41.6% +26.4% −3.0% −1.9% +10.8% −22.1% −1.4% +25.0% +23.8% −9.9% −10.8% +81.2% +13.8% −16.4% −11.5% +5.7% +17.2%
Net income −116.0% — — −35.2% −3.3% +39.2% −88.1% — +65.6% +79.0% −46.2% −43.2% +846.3% +11.4% −40.5% −55.2% −14.0% +122.5%
Diluted EPS −115.7% — — −35.5% −3.8% +38.8% −88.2% — +65.3% +81.0% −44.2% −43.0% +881.4% +24.3% −37.5% −53.0% −11.1% +126.4%
Margins
Gross margin — — — — — — — 12.5% 12.7% 17.1% 11.9% 11.1% 30.2% 30.1% 22.5% 13.3% 11.9% 15.5%
Net margin −2.6% 0.8% 3.9% 2.6% 2.6% 3.2% 0.5% 4.9% 6.5% 9.4% 5.6% 3.6% 18.7% 18.3% 13.0% 6.6% 5.4% 8.0%
Free-cash-flow margin 7.0% 3.3% 3.0% 1.3% −0.6% 3.2% 10.9% 7.1% 3.0% 5.6% 5.9% 5.7% 12.6% 19.6% 14.1% 2.6% −0.6% 4.4%
Cash flow
Cash from operations 1.2 0.9 1.0 1.2 1.1 1.3 2.2 1.8 1.1 2.4 2.8 2.7 6.2 10.1 7.1 4.0 3.2 4.4
Capital spending 0.4 0.3 0.4 0.9 1.2 0.7 0.4 0.6 0.4 1.0 1.5 1.5 1.6 1.9 2.2 3.2 3.4 2.8
Free cash flow 0.8 0.5 0.6 0.3 −0.1 0.7 1.8 1.1 0.6 1.4 1.3 1.2 4.6 8.1 4.9 0.8 −0.2 1.6
Stock-based pay 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.7 0.5 0.5 0.2 −0.2 0.6 1.7 1.1 0.5 1.3 1.2 1.1 4.5 8.0 4.8 0.7 −0.3 1.4
Balance sheet
Cash 2.0 1.3 1.2 1.1 1.5 1.0 1.9 2.0 0.9 1.4 1.5 2.6 2.4 4.3 6.4 3.6 2.3 2.5
Total debt 3.1 — 4.3 3.7 4.4 4.6 4.4 4.4 3.8 4.3 4.4 5.3 5.7 6.7 6.8 7.0 7.1 7.1
Net debt (negative = net cash) 1.1 −1.3 3.1 2.6 2.9 3.6 2.5 2.3 2.8 2.9 2.8 2.7 3.3 2.4 0.5 3.4 4.9 4.6
Diluted shares 315m 317m 317m 318m 319m 320m 321m 320m 321m 317m 306m 303m 293m 263m 250m 239m 231m 230m
Returned to shareholders
Dividends 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Buybacks 0.0 — — — 0.0 0.0 0.1 0.0 0.1 0.9 0.3 0.0 3.3 2.8 1.6 2.2 0.7 0.7
Total returned 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 1.3 0.8 0.5 3.8 3.3 2.1 2.7 1.2 1.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · July 4, 2026
What it owns · $37.0bn
Short-term assets $13.2bnLonger-term assets $23.8bn
What it owes, and who funded it · $35.8bn
Short-term liabilities $5.2bnLonger-term liabilities $8.4bnShareholders' equity $22.1bn
  • Short-term assets cover short-term liabilities $13.2bn of assets due within a year against $5.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13.2bn short-term assets against $8.4bn of longer-dated liabilities.
  • More cash than debt $2.5bn of cash against $6.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 29% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 35% to 29% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.4bn of operating cash flow against $6.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Nucor's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$675M
Dividends (TTM)
$512M
Returned to shareholders
75%
of free cash flow
Buybacks, last 3 fiscal years
$4.5B
Diluted share count
−1.7%
year over year
Total shareholder yield
1.9%
dividends 0.8% + buybacks 1.1% of market value
Dividend payout ratio
18%
of net income paid out
Sales & admin spending
3.9%
of revenue
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in steel
Last 12 months unless stated NUE STLD MT CLF RS CMC Median
Revenue, last 12 months $36.1bn $22.2bn $61.4bn $20.1bn $17.4bn $9.4bn $5.3bn
Revenue growth, last 12 months 17.2% 26.0% −1.7% 7.8% 24.7% 20.5% 14.2%
Revenue growth, 3-year average −1.2% 4.6% — −2.9% 4.8% 2.2% 2.2%
Revenue growth, latest quarter 23.0% 34.8% — 18.5% 42.8% 25.7% 23.0%
Gross margin 15.5% 15.9% 7.1% 1.5% 31.5% 18.6% 11.2%
Operating margin — 11.5% 5.9% −1.4% 8.8% — 0.5%
Operating margin, 3-year average — 10.6% 12.0% −4.2% 8.5% — 3.6%
Net margin 8.0% 8.8% 5.1% −2.4% 6.4% 7.0% 1.7%
Cash from operations / revenue 12.3% 7.6% 7.8% 0.6% 4.6% 11.3% 4.6%
Free-cash-flow margin 4.4% 4.9% 3.0% −2.4% 2.8% 5.1% 2.8%
Free-cash-flow margin, 3-year average 4.4% 3.0% 5.1% −2.6% 5.0% 5.5% 4.4%
Stock pay / revenue 0.4% 0.3% — 0.7% 0.4% 0.5% 0.4%
Change in share count −1.7% −3.4% −3.2% 14.8% −3.1% −1.9% −0.8%

Median of all 15 companies we cover in steel. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 steel companies
Measure Company Peer median Rank
Revenue growth Growth 17.2% 14.2% 6 of 15
Change in growth rate Growth +4.9pp +4.9pp 8 of 15
Gross margin Profitability 15.5% 10.8% 6 of 13
Net margin Profitability 8.0% 1.7% 3 of 15
Free-cash-flow margin Cash generation 4.4% 2.8% 5 of 15
Stock pay as % of revenue Cash generation 0.4% 0.4% 7 of 11
Long-term debt as % of assets Balance sheet 17.3% 18.5% 6 of 12
Change in share count Balance sheet -1.7% -0.8% 6 of 15
Days sales outstanding Balance sheet 41 days 52 days 4 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Sheet $9.2B 28.2% ▼ 1.0%
Bar $5.7B 17.6% ▲ 10.3%
Other Steel Products $3.5B 10.8% ▲ 2.4%
Structural $2.6B 8.1% ▲ 15.6%
Plate $2.5B 7.7% ▲ 23.4%
Joist and Deck $2.2B 6.8% ▼ 0.5%
Raw Materials $2.2B 6.7% ▲ 13.0%
Rebar Fabrication $1.9B 5.9% ▲ 7.5%
Tubular Products $1.4B 4.4% ▲ 10.6%
Building Systems $1.2B 3.8% ▼ 7.3%

From Nucor's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$40.4B
Institutions reporting
1,535
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
225 / 65

Top buyers and sellers, Q2 2026: 726 institutions bought and 583 sold ; the biggest buyer was Acadian Asset Management LLC (+910K shares) and the biggest seller Berkshire Hathaway Inc (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
State Farm Mutual Automobile Insurance Co $5.4B 24.2M 13.4% 0.0%
Blackrock, Inc. $4.5B 20.0M 11.0% ▲ 3.8%
Vanguard Capital Management LLC $3.3B 14.9M 8.2% ▲ 2.8%
Vanguard Portfolio Management LLC $2.7B 12.2M 6.7% ▲ 3.9%
State Street Corp $2.6B 11.6M 6.4% ▼ 5.6%
Geode Capital Management, LLC $1.4B 6.1M 3.3% ▼ 1.3%
Norges Bank $917M 4.1M 2.3% —
Morgan Stanley $882M 4.0M 2.2% ▲ 3.3%
FMR LLC $663M 3.0M 1.6% ▲ 33.0%
Northern Trust Corp $650M 2.9M 1.6% ▼ 3.2%
Dimensional Fund Advisors LP $552M 2.5M 1.4% ▼ 2.5%
Bank Of America Corp $463M 2.1M 1.1% ▲ 68.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nucor's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $59.9M 41 trades by 12 insiders · 0% under pre-set plans
Net ▼ $59.9M net selling
Insider Date Trade Shares Price Value
Behr Allen C Executive Vice President October 29, 2026 Sell 2,956 $273.87 $809,573
Behr Allen C Executive Vice President October 29, 2026 Sell 3,348 $273.27 $914,913
Behr Allen C Executive Vice President October 29, 2026 Sell 5,542 $272.16 $1.5M
Hanners Noah C Executive Vice President October 29, 2026 Sell 5,190 $275.03 $1.4M
Behr Allen C Executive Vice President August 14, 2026 Sell 2,612 $274.42 $716,774
Behr Allen C Executive Vice President August 14, 2026 Sell 5,127 $274.00 $1.4M
Topalian Leon J Chair and CEO August 14, 2026 Sell 102 $269.29 $27,468
Topalian Leon J Chair and CEO August 14, 2026 Sell 25,898 $268.52 $7M
Batterbee Thomas J. Executive Vice President August 3, 2026 Sell 4,000 $261.02 $1M
Laxton Stephen D President and COO July 30, 2026 Sell 3,968 $256.96 $1M
Hollatz John J Executive Vice President June 3, 2026 Sell 5,038 $258.33 $1.3M
Hollatz John J Executive Vice President June 3, 2026 Sell 5,522 $258.57 $1.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 20 trades and filings

No trades in Nucor disclosed in the last 12 months; 20 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded May 15, 2025, filed June 9, 2025
  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded March 31, 2025, filed April 11, 2025
  • Jefferson Shreve(R-IN 6):Purchase, $15,001 - $50,000, traded March 5, 2025, filed April 11, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • January 26, 2026
  • October 27, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Nucor was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nucor in brief

What does Nucor do?
Nucor is a US-listed company in the steel industry. Its financial year ends in December.
What is Nucor's stock ticker?
Nucor trades under the ticker NUE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nucor's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nucor reported revenue of $36.1B, 17.2% higher than a year earlier, according to its SEC filings.
What is Nucor's free cash flow?
Nucor's free-cash-flow margin is 4.4% of revenue over the trailing twelve months, ranking 5 of the 15 steel companies we cover.
What is Nucor's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Nucor's free cash flow after stock-based pay gives ~$140 per share in the base case, and ~$98–$190 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Nucor's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are State Farm Mutual Automobile Insurance Co, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Nucor buying back stock, and does it pay a dividend?
Nucor spent $675M on share repurchases over the trailing twelve months, and its diluted share count fell 1.7% over the year.
What is Nucor's market cap?
On November 2, 2026, Nucor's market capitalisation was about $63.7B, with a price-to-earnings ratio of 22.1 and net debt of $4.6B. Market figures come from third-party market data and may be delayed.
Does Nucor pay a dividend?
Yes: Nucor paid $512M in dividends over the trailing twelve months, a dividend yield of 0.81% and a payout ratio of 17.8%.
How much debt does Nucor have?
Nucor's debt-to-equity ratio is 29.5%, from its latest balance sheet (35.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nucor's competitors?
In our Steel peer group, the companies closest to Nucor are Steel Dynamics, Arcelormittal, Cleveland-cliffs Inc., Reliance, Inc. and Commercial Metals Co. The side-by-side comparison below sets their revenue, margins and growth against Nucor's.
Are insiders buying or selling Nucor stock?
Over the last 12 months, Nucor's directors and officers reported 0 open-market purchases and 41 sales on Form 4. The insider trading page charts every trade.
When is Nucor's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nucor announces its own schedule.