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Nucor

NUE NYSE Steel Financials FY2016–FY2025

Nucor's revenue rose 5.7% to $32.5 billion in fiscal 2025. Its net margin was 5.4%, down from 6.6% a year earlier. Free cash flow was −$188 million, against $806 million a year earlier. It paid out $1.2 billion in dividends and buybacks. The diluted share count fell 3.1%.

Last close · Oct 23, 2026

$258.11

0.0%
Value it Compare
Revenue Total sales reported in the income statement.
$32.5B
5.7% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$1.7B
14.0%
Free cash flow Cash from operations minus capital spending.
−$188M
123.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
8.6%
2.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$59.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
20.6x
On $12.54 EPS (TTM)

What Nucor does

No business description yet.

Legal name
NUCOR CORP
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001193125-26-071575
0000073309

Revenue and margins

Nucor had $32.5B of revenue in fiscal 2025, up 5.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 13.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$188M in fiscal 2025, −0.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Nucor returned $1.2B to shareholders in fiscal 2025. The diluted share count fell 3.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Nucor yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$4.4B and divides by 231.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 20.6x · peers 22.5x · sector 20.1x.

Balance sheet

Cash, debt and the ratios that show how comfortably Nucor can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $2.6B$4.9B$7.1B$4.1B$2.7B
Debt incl. finance leases $5.7B$6.7B$6.8B$6.9B$7.1B
Net debt / EBITDA 0.3x0.2x−0.0x0.6x1.0x
Debt / equity 0.4x0.4x0.3x0.3x0.3x
Interest coverage 57.4x47.8x26.5x13.7x16.1x
Current ratio 2.5x3.4x3.6x2.5x2.9x
Quick ratio 1.3x2.1x2.4x1.5x1.6x
Total assets $25.8B$32.5B$35.3B$33.9B$35.1B
Total liabilities $11.2B$12.9B$13.2B$12.5B$13.0B
Shareholders' equity $14.0B$18.4B$20.9B$20.3B$20.9B
Net debt (− = net cash) $3.1B$1.8B−$302M$2.8B$4.4B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$36.4M

10 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 14, 2026 Allen C BehrExecutive Vice President Sold 7,739 $274.14 $2.1M Form 4
Aug 14, 2026 Leon J TopalianChair and CEO Sold 26,000 $268.52 $7.0M Form 4
Aug 3, 2026 Thomas J. BatterbeeExecutive Vice President Sold 4,000 $261.02 $1.0M Form 4
Jul 30, 2026 Stephen D LaxtonPresident and COO Sold 3,968 $256.96 $1.0M Form 4
Jun 3, 2026 John J HollatzExecutive Vice President Sold 10,560 $258.46 $2.7M Form 4
Jun 1, 2026 Kenneth Rex QueryExecutive Vice President Sold 13,529 $251.37 $3.4M Form 4
May 18, 2026 Randy J SpicerExecutive Vice President Sold 2,500 $225.00 $0.6M Form 4
May 15, 2026 Leon J TopalianChair and CEO Sold 52,000 $227.69 $11.8M Form 4
May 5, 2026 Bradley FordExecutive Vice President Sold 2,240 $232.13 $0.5M Form 4
May 4, 2026 Allen C BehrExecutive Vice President Sold 10,096 $226.08 $2.3M Form 4
May 4, 2026 Michael D KellerVice Pres. and Corp. Contro Sold 4,554 $225.86 $1.0M Form 4
May 1, 2026 Daniel R. NeedhamExecutive Vice President Sold 12,888 $226.00 $2.9M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 95 / 96 / 9
Accruals ratio −7.6%−5.6%−4.3%
Altman Z'' 7.846.776.69

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Nucor NUE $59.0B 5.7% — −0.6% 8.6% 20.6x 6
Cleveland-Cliffs CLF $8.0B −3.0% −8.5% −5.5% −8.9% — 2 Compare →
Steel Dynamics STLD $34.7B 3.6% 8.1% 2.8% 10.0% 17.8x 6 Compare →
ArcelorMittal MT $45.5B −1.7% 5.9% 0.8% 5.4% — 7 Compare →
Reliance RS $21.6B 3.3% 7.1% 3.5% 9.4% 27.1x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $16.2B $20.3B $25.1B $22.6B $20.1B $36.5B $41.5B $34.7B $30.7B $32.5B
Gross profit $2.0B $2.6B $4.3B $2.7B $2.2B $11.0B $12.5B $7.8B $4.1B $3.9B
Interest expense $181M $187M $161M $157M $167M $163M $219M $246M $228M $170M
Pretax income $1.3B $1.8B $3.2B $1.8B $836M $9.2B $10.2B $6.3B $2.9B $2.6B
Income tax $398M $369M $748M $412M −$0.5M $2.1B $2.2B $1.4B $583M $530M
Net income $796M $1.3B $2.4B $1.3B $722M $6.8B $7.6B $4.5B $2.0B $1.7B
Diluted EPS $2.48 $4.10 $7.42 $4.14 $2.36 $23.16 $28.79 $18.00 $8.46 $7.52
Diluted shares 0.32B 0.32B 0.32B 0.31B 0.30B 0.29B 0.26B 0.25B 0.24B 0.23B
Cash flow
Cash from operations $1.8B $1.1B $2.4B $2.8B $2.7B $6.2B $10.1B $7.1B $4.0B $3.2B
Capital expenditure $605M $449M $983M $1.5B $1.5B $1.6B $1.9B $2.2B $3.2B $3.4B
Free cash flow $1.1B $607M $1.4B $1.3B $1.2B $4.6B $8.1B $4.9B $806M −$188M
Depreciation and amortization $687M $727M $720M $735M $786M $865M $1.1B $1.2B $1.4B $1.5B
Stock-based compensation $56.5M $64.2M $73.4M $90.4M $73.9M $136M $137M $130M $132M $133M
Acquisitions $475M $544M $33.1M $83.1M $88.1M $1.4B $3.6B $71.0M $758M $2.0M
Share buybacks $5.2M $90.3M $854M $299M $39.5M $3.3B $2.8B $1.6B $2.2B $700M
Dividends paid $481M $485M $485M $492M $492M $484M $534M $515M $522M $512M
Dividends and buybacks $486M $576M $1.3B $791M $531M $3.8B $3.3B $2.1B $2.7B $1.2B
Balance sheet
Cash and short-term investments $2.2B $999M $1.4B $1.8B $3.0B $2.6B $4.9B $7.1B $4.1B $2.7B
Total debt $4.4B $3.8B — $4.4B $5.3B $5.7B $6.7B $6.8B $6.9B $7.1B
Finance lease liabilities $0.0M $0.0M $0.0M $85.2M $90.3M $179M $188M $189M $191M $258M
Current assets $6.5B $6.8B $8.6B $8.2B $9.5B $12.8B $14.7B $16.4B $12.5B $11.8B
Current liabilities $2.4B $2.8B $2.8B $2.5B $2.6B $5.2B $4.3B $4.6B $5.0B $4.0B
Inventory $2.5B $3.5B $4.6B $3.8B $3.6B $6.0B $5.5B $5.6B $5.1B $5.5B
Property and equipment, net $5.1B $5.1B $5.3B $6.2B $6.9B $8.1B $9.6B $11.1B $13.2B $15.3B
Total assets $15.2B $15.8B $17.9B $18.3B $20.1B $25.8B $32.5B $35.3B $33.9B $35.1B
Total liabilities $7.0B $6.8B $7.7B $7.6B $8.9B $11.2B $12.9B $13.2B $12.5B $13.0B
Shareholders' equity $7.9B $8.7B $9.8B $10.4B $10.8B $14.0B $18.4B $20.9B $20.3B $20.9B
Margins
Gross margin 12.5% 12.7% 17.1% 11.9% 11.1% 30.2% 30.1% 22.5% 13.4% 11.9%
EBITDA margin 13.4% 13.2% 16.4% 11.8% 8.9% 28.0% 27.8% 22.2% 14.6% 13.0%
Net margin 4.9% 6.5% 9.4% 5.6% 3.6% 18.7% 18.3% 13.0% 6.6% 5.4%
FCF margin 7.1% 3.0% 5.6% 5.9% 5.7% 12.6% 19.6% 14.1% 2.6% −0.6%
Returns
Return on capital 9.9% 13.7% — — 7.5% 46.5% 42.3% 23.6% 10.9% 8.6%
Return on capital employed 11.5% 15.0% 24.1% 12.5% 6.0% 49.1% 42.9% 22.1% 10.5% 9.1%
Return on equity 10.4% 15.9% 25.5% 12.6% 6.8% 55.1% 46.9% 23.0% 9.8% 8.5%
Return on assets 5.4% 8.5% 14.0% 7.0% 3.8% 29.7% 26.1% 13.3% 5.9% 5.1%
Growth
Revenue growth −1.4% 25.0% 23.8% −9.9% −10.8% 81.2% 13.8% −16.4% −11.5% 5.7%
Net income growth 886.4% 65.6% 79.0% −46.2% −43.2% 846.3% 11.4% −40.5% −55.2% −14.0%
EPS growth 892.0% 65.3% 81.0% −44.2% −43.0% 881.4% 24.3% −37.5% −53.0% −11.1%
FCF growth −36.2% −47.0% 132.6% −5.6% −13.4% 299.5% 76.3% −39.7% −83.5% −123.3%
Share count change −0.3% 0.3% −1.3% −3.6% −0.7% −3.3% −10.3% −4.9% −4.8% −3.1%
Financial health
Net debt / EBITDA 1.0x 1.1x — 1.0x 1.3x 0.3x 0.2x −0.0x 0.6x 1.0x
Debt / equity 0.6x 0.4x — 0.4x 0.5x 0.4x 0.4x 0.3x 0.3x 0.3x
Interest coverage 8.2x 10.3x 21.0x 12.3x 6.0x 57.4x 47.8x 26.5x 13.7x 16.1x
Current ratio 2.7x 2.4x 3.1x 3.3x 3.6x 2.5x 3.4x 3.6x 2.5x 2.9x
Quick ratio 1.7x 1.2x 1.5x 1.8x 2.3x 1.3x 2.1x 2.4x 1.5x 1.6x
Capital allocation
Capex / revenue 3.7% 2.2% 3.9% 6.5% 7.7% 4.5% 4.7% 6.4% 10.3% 10.5%
Stock comp / revenue 0.4% 0.3% 0.3% 0.4% 0.4% 0.4% 0.3% 0.4% 0.4% 0.4%
Payouts / FCF 42.5% 94.9% 94.9% 59.4% 46.0% 81.6% 40.6% 42.2% 339.8% —
Quality scores
Piotroski F-score 7.0 6.0 — — 5.0 7.0 6.0 6.0 5.0 6.0
Altman Z'' 5.3 5.6 6.7 6.3 5.7 8.0 8.3 7.8 6.8 6.7
Accruals ratio −6.5% 1.7% −0.2% −8.5% −10.3% 2.6% −8.5% −7.6% −5.6% −4.3%

Source: SEC EDGAR XBRL filings (CIK 0000073309). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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