Tearsheet

Nucor (NUE)

Market Price (12/5/2025): $161.9 | Market Cap: $37.3 Bil
Sector: Materials | Industry: Steel

Nucor (NUE)

Market Price (12/5/2025): $161.9
Market Cap: $37.3 Bil
Sector: Materials
Industry: Steel

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%	Trading close to highs Dist 52W High is -1.3%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 3.1 Bil	Weak multi-year price returns 2Y Excs Rtn is -52%, 3Y Excs Rtn is -58%	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2%
2	Low stock price volatility Vol 12M is 38%
3	Megatrend and thematic drivers Megatrends include Circular Economy & Recycling, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Advanced Recycling Technologies, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%, CFO LTM is 3.1 Bil
2	Low stock price volatility Vol 12M is 38%
3	Megatrend and thematic drivers Megatrends include Circular Economy & Recycling, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Advanced Recycling Technologies, Show more.
4	Trading close to highs Dist 52W High is -1.3%
5	Weak multi-year price returns 2Y Excs Rtn is -52%, 3Y Excs Rtn is -58%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2%

Valuation, Metrics & Events

	12/5/25	2024	2023	2022	2021
Share Price CYE	$161.90	$115.23	$169.34	$126.60	$107.85
Market Cap CYE ($ Bil)	37.3	27.0	41.8	32.3	30.3
Total Debt ($ Bil)	6.9	7.0	6.8	6.7	5.7
Total Cash ($ Bil)	2.5	4.1	7.1	4.9	2.6
Enterprise Value ($ Bil)	41.7	34.0	48.6	39.0	36.0
Valuation Ratios
P/S TTM	1.0	0.9	1.2	0.8	0.9
P/EBIT TTM	13.7	8.9	6.7	3.3	3.6
P/E TTM	23.0	13.7	9.6	4.5	4.9
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.5
P/EBIT TTM (Sector)	6.7	6.9	6.7	4.9	6.0
P/E TTM (Sector)	-0.0	9.7	8.0	4.8	7.3

	12/5/25	2024	2023
Share Price CYE	$161.90	$115.23	$169.34
Market Cap CYE ($ Bil)	37.3	27.0	41.8
Total Debt ($ Bil)	6.9	7.0	6.8
Total Cash ($ Bil)	2.5	4.1	7.1
Enterprise Value ($ Bil)	41.7	34.0	48.6
Valuation Ratios
P/S TTM	1.0	0.9	1.2
P/EBIT TTM	13.7	8.9	6.7
P/E TTM	23.0	13.7	9.6
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	6.7	6.9	6.7
P/E TTM (Sector)	-0.0	9.7	8.0

	NUE	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	30.8
Rev Chg Q	4.7%	7.1%
Rev Chg LTM	-5.8%	6.1%
Rev Chg 3Y Avg	-10.4%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	2.1
CFO LTM ($ Bil)	3.1
Net Inc LTM ($ Bil)	1.3
Op Mgn LTM	7.0%	18.8%
CFO/Rev LTM	10.2%	20.5%
Net Inc Mgn	4.2%	13.1%
VALUATION	LOW
P/S	1.0	3.2
P/CFO	9.5	15.8
P/FCF	-77.3	20.5
P/E	23.0	23.5
STABILITY	GOOD
Debt/Equity	0.23	0.20
Cash/Assets	0.07	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Total Tons Shipped to Outside Customers	24,767,000 tons	12312024	Link
Capacity Utilization Rate	74%	12312024	Link
Average Scrap and Scrap Substitute Cost per Gross Ton Used	$381	12312024	Link
Sheet Backlog Tons Year-Over-Year Growth	13%	9302025	Link
Bar Products Backlog Year-Over-Year Growth	35%	9302025	Link
Hot-Rolled Coil Spot Price	$890 per short ton	11042025	Link
Market Share of U.S. Raw Steel Production	Approximately 25%	10302025	Link
Annual Steelmaking Capacity	Approximately 30,000,000 tons	11052025	Link
Number of Employees	32,700	12312024	Link

Upcoming
12/31/2025	Dividend	Amount: $0.56 Payment On: 2/11/2026
1/26/2026	Earnings Release	Rev: $7.0 Bil (E) EPS: $2.06 (E)

NUE Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Nucor reported stronger-than-expected financial results for the third quarter of 2025 on October 27, 2025, with earnings per share (EPS) of $2.63 significantly beating analyst forecasts of $2.22 to $2.30, and revenue of $8.52 billion exceeding expectations. After this announcement, Nucor's stock saw a notable surge in after-hours trading.

2. The company announced an increase in its quarterly cash dividend on December 1, 2025, raising it to $0.56 per share from the previous $0.55. This dividend increase contributed to the stock reaching a new 52-week high.

Stock Movement Drivers

Fundamental Drivers

The 12.6% change in NUE stock from 9/4/2025 to 12/4/2025 was primarily driven by a 12.6% change in the company's P/E Multiple.

	9042025	12042025	Change
Stock Price ($)	144.35	162.54	12.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	30805.74	30805.74	0.00%
Net Income Margin (%)	4.21%	4.21%	0.00%
P/E Multiple	25.69	28.92	12.60%
Shares Outstanding (Mil)	230.60	230.60	0.00%
Cumulative Contribution			12.60%

LTM = Last Twelve Months as of date shown

Market Drivers

9/4/2025 to 12/4/2025

	Return	Correlation
NUE	12.6%
Market (SPY)	5.4%	43.4%
Sector (XLB)	-51.6%	16.7%

Fundamental Drivers

The 38.0% change in NUE stock from 6/5/2025 to 12/4/2025 was primarily driven by a 41.2% change in the company's P/E Multiple.

	6052025	12042025	Change
Stock Price ($)	117.78	162.54	38.01%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	30426.74	30805.74	1.25%
Net Income Margin (%)	4.40%	4.21%	-4.33%
P/E Multiple	20.48	28.92	41.20%
Shares Outstanding (Mil)	232.70	230.60	0.90%
Cumulative Contribution			38.00%

LTM = Last Twelve Months as of date shown

Market Drivers

6/5/2025 to 12/4/2025

	Return	Correlation
NUE	38.0%
Market (SPY)	15.7%	38.6%
Sector (XLB)	-49.2%	18.3%

Fundamental Drivers

The 10.8% change in NUE stock from 12/4/2024 to 12/4/2025 was primarily driven by a 110.5% change in the company's P/E Multiple.

	12042024	12042025	Change
Stock Price ($)	146.72	162.54	10.79%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	31363.19	30805.74	-1.78%
Net Income Margin (%)	8.05%	4.21%	-47.76%
P/E Multiple	13.74	28.92	110.54%
Shares Outstanding (Mil)	236.46	230.60	2.48%
Cumulative Contribution			10.72%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2024 to 12/4/2025

	Return	Correlation
NUE	10.8%
Market (SPY)	13.7%	61.9%
Sector (XLB)	-52.0%	28.3%

Fundamental Drivers

The 12.5% change in NUE stock from 12/5/2022 to 12/4/2025 was primarily driven by a 564.5% change in the company's P/E Multiple.

	12052022	12042025	Change
Stock Price ($)	144.49	162.54	12.49%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	43152.92	30805.74	-28.61%
Net Income Margin (%)	19.93%	4.21%	-78.90%
P/E Multiple	4.35	28.92	564.53%
Shares Outstanding (Mil)	259.10	230.60	11.00%
Cumulative Contribution			11.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/5/2023 to 12/4/2025

	Return	Correlation
NUE	1.1%
Market (SPY)	53.3%	52.5%
Sector (XLB)	-43.6%	28.9%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NUE Return	-2%	118%	17%	34%	-32%	41%	223%
Peers Return	7%	51%	17%	34%	23%	47%	356%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	112%
Monthly Win Rates [3]
NUE Win Rate	50%	67%	50%	50%	50%	60%
Peers Win Rate	50%	57%	52%	55%	53%	68%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
NUE Max Drawdown	-50%	-8%	-18%	-1%	-33%	-11%
Peers Max Drawdown	-56%	-9%	-23%	-9%	-24%	-17%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: STLD, CLF, NWPX, NUE, CRS. See NUE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/4/2025 (YTD)

How Low Can It Go

Unique Key	Event	NUE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-41.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	69.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	129 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	98.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	246 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-33.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	50.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	568 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-68.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	221.6%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4543 days	1480 days

Compare to STLD, CLF, NWPX, NUE, CRS

In The Past

Nucor's stock fell -41.1% during the 2022 Inflation Shock from a high on 4/21/2022. A -41.1% loss requires a 69.8% gain to breakeven.

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About Nucor (NUE)

Nucor Corporation manufactures and sells steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Nucor:

Alcoa, but for steel. (Both are major North American producers of fundamental industrial metals, with significant recycling operations.)
The 'Tesla' of steel, focusing on electric arc furnaces and recycled materials. (Highlights Nucor's modern, often more sustainable, and efficient production method compared to traditional blast furnace steelmaking.)

AI Generated Analysis | Feedback

Sheet Steel: Hot-rolled, cold-rolled, and galvanized steel sheets for applications in automotive, construction, and appliances.
Bar Steel: Includes rebar, merchant bar, and special bar quality steel for construction, manufacturing, and infrastructure.
Structural Steel: Beams, columns, and other shapes primarily used in non-residential construction and infrastructure projects.
Plate Steel: Heavy steel plates used in demanding applications such as construction, energy, defense, and heavy equipment manufacturing.
Steel Joists and Deck: Engineered steel components forming the structural framework for floors and roofs in commercial and industrial buildings.
Tube Products: Hollow structural sections (HSS) and other steel tubing for construction, mechanical, and automotive industries.

AI Generated Analysis | Feedback

Nucor Corporation (NUE)

Nucor (NUE) primarily sells its steel products to **other companies**, making it a business-to-business (B2B) operation. While Nucor does not publicly disclose the specific names of individual "major customers" due to the diversified nature of its customer base across numerous industries and competitive reasons, it serves a wide array of companies. These customer companies can be broadly categorized as:

Steel Service Centers: These companies act as intermediaries, purchasing various steel products from Nucor (and other mills), processing them further (e.g., cutting, slitting), and then distributing them to a diverse range of smaller manufacturers and end-users.
Fabricators: Companies that take steel products from Nucor and transform them into finished or semi-finished components and structures. This is particularly prevalent in the nonresidential construction sector for applications such as structural steel, rebar, and metal buildings.
Manufacturers: Original Equipment Manufacturers (OEMs) across numerous industries that use Nucor's steel as a primary raw material for their products. This includes companies in sectors such as:
- Automotive (e.g., car and truck manufacturers)
- Heavy Equipment (e.g., construction machinery, agricultural equipment)
- Energy (e.g., components for oil and gas infrastructure, renewable energy projects)
- Appliances and other consumer durables

Given that Nucor does not identify specific major customer companies by name in its public filings, it is not possible to list their individual symbols. The customer base is highly diversified across these categories.

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GrafTech International Ltd. (EAF)
Linde plc (LIN)

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Leon J. Topalian, Chair, President and Chief Executive Officer

Mr. Topalian began his career with Nucor in 1996 as a Project Engineer at Nucor Steel Berkeley. He has held various leadership positions across Nucor's operations, including in Australia, Nucor Steel South Carolina, Nucor Steel Kankakee, and Nucor-Yamato Steel Company. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019, President and Chief Operating Officer in 2019, and became President and Chief Executive Officer in 2020. He was named Chair, President and Chief Executive Officer in 2022.

Stephen D. Laxton, Chief Financial Officer and Executive Vice President

Mr. Laxton started his career at Nucor in 2003 as General Manager of Business Development. He advanced to Vice President of Business Development and Strategic Planning, a role he held from 2014 to 2022. In 2022, he was named Chief Financial Officer, Treasurer, and Executive Vice President, assuming his current role in 2025. Before joining Nucor, Mr. Laxton held various positions at Cinergy Corp., including Director of Asset Management and Manager of Corporate Development. He also had financial roles with Ashland, Inc., North American Stainless, and National City Bank.

David A. Sumoski, Chief Operating Officer

Mr. Sumoski joined Nucor in 1995 as an Electrical Supervisor at Nucor Steel Berkeley. His career at Nucor includes roles such as Maintenance Manager, General Manager of Nucor Steel Marion, and Vice President of Nucor in 2010. He further served as Vice President and General Manager of Nucor Steel Memphis, and as an Executive Vice President from 2014 through 2020. He was named Chief Operating Officer in 2021.

Allen C. Behr, Executive Vice President, Raw Materials

Mr. Behr began his Nucor career in 1996 as a Design Engineer at Nucor Building Systems Indiana. He held numerous positions at Nucor Building Systems locations in Indiana, Texas, and South Carolina before becoming General Manager at Nucor Building Systems South Carolina in 2008. He was elected a Vice President of Nucor in 2012, served as President of the Vulcraft/Verco Group, and later as General Manager for Nucor Steel Texas from 2017 through 2020. He was named Executive Vice President in 2020.

Randy J. Spicer, Executive Vice President

Mr. Spicer joined Nucor in 2004 as the Accounting Supervisor at Nucor Steel Indiana. In 2006, he became part of the start-up team at Nucor Steel Memphis, Inc. as Controller, and subsequently served as Controller and Hot Mill Manager at Nucor Steel Gallatin LLC. He was promoted to General Manager of Nucor Tubular Products North in 2020 and President of Nucor Tubular Products in 2022. Mr. Spicer was named Executive Vice President in 2024.

AI Generated Analysis | Feedback

The clear emerging threat for Nucor is the rapid development and scaling of **green steel production technologies**, particularly those utilizing hydrogen-reduced iron (H-DRI) or other near-zero emission processes. While Nucor's electric arc furnaces (EAFs) are significantly less carbon-intensive than traditional blast furnaces and primarily use recycled scrap, a new generation of steel mills is emerging globally that aims for near-zero CO2 emissions by using green hydrogen and renewable energy in the iron and steelmaking process. Companies like H2 Green Steel, SSAB, ThyssenKrupp, and ArcelorMittal are investing billions in these methods, with commercial-scale plants expected to come online within the next decade. If these green steel methods become economically competitive and widely adopted, and if customer demand for ultra-low carbon steel accelerates rapidly due to regulatory pressures and corporate sustainability goals, Nucor's existing production methods, even with their EAF advantage, could face significant competitive pressure. This could necessitate substantial capital expenditures for Nucor to further transition its own processes, potentially leading to increased costs, or risk a loss of market share in environmentally sensitive or premium segments.

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Nucor Corporation (NYSE: NUE) operates primarily through three segments: Steel Mills, Steel Products, and Raw Materials. The addressable markets for their main products and services are as follows:

Steel Mills Segment

This segment encompasses a wide range of steel products, including sheet steel, plate steel, bar steel, and structural steel, which includes rebar.

Overall Steel Market (United States): The U.S. steel market was valued at USD 139.6 billion in 2024 and is projected to reach USD 164.0 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 1.7% from 2025 to 2033. Another estimate places the U.S. iron and steel manufacturing market size at USD 104.6 billion in 2024, growing to USD 108.4 billion in 2025.
Overall Steel Market (Global): The global steel market size was valued at USD 974.4 billion in 2024 and is forecast to reach USD 1.28 trillion by 2033, growing at a CAGR of 3.14% during 2025-2033. Other sources indicate the global steel market size was estimated at USD 1.47 trillion in 2024 and is projected to reach USD 1.92 trillion by 2030, with a CAGR of 4.6% from 2025 to 2030, or USD 1.82 trillion in 2024, projected to reach USD 2.65 trillion by 2035, growing at a CAGR of 3.47% from 2025 to 2035.
North America Steel Products Market: The North America Steel Products Market is expected to be valued at USD 143.67 billion in 2024 and is projected to reach USD 267.13 billion by 2035, with a CAGR of 5.8% from 2025 to 2035.
U.S. Steel Rebar Market: The U.S. steel rebar market size is estimated to reach US$8.2 billion by 2031, growing at a CAGR of 4.3% during the forecast period 2025-2031. Another valuation for the U.S. steel merchant and rebar market was USD 9.85 billion in 2023, projected to grow to USD 15.52 billion by 2032, exhibiting a CAGR of 5.2%.
Global Steel Rebar Market: The global steel rebar market size was valued at USD 292.65 billion in 2024 and is projected to reach approximately USD 473.53 billion by 2034, growing at a CAGR of 4.93% over the forecast period 2025 to 2034.
North America Structural Steel Market: The structural steel market in North America commanded a 64.9% share in 2023, equating to approximately USD 74.3 billion. The U.S. is the central growth engine within North America for this market.
USA Flat Steel Market: The USA Flat Steel Market was valued at USD 70.3 billion.
U.S. Hot Rolled Coil (HRC) Steel Market: The U.S. HRC steel market was valued at USD 27.68 billion in 2024 and is expected to grow at a CAGR of 5.2% from 2025 to 2030.

Steel Products Segment

This segment includes value-added products such as steel joists, steel decks, fabricated concrete reinforcing steel, cold finished steel, metal building systems, steel fasteners, grating, wire, and wire mesh.

The market sizes for these individual value-added products are generally part of the broader North American and U.S. steel products and construction markets mentioned above. No distinct market sizes for each specific product (e.g., "steel joists market size") were identified.

Raw Materials Segment

This segment involves the sale of ferrous and nonferrous metals, direct reduced iron (DRI), pig iron, and scrap metal recycling. Nucor is North America's largest recycler of scrap metal.

While specific monetary market sizes for "scrap metal recycling" as a standalone addressable market for Nucor's raw materials segment were not explicitly found, it's important to note that two-thirds of the iron and steel produced in the U.S. is made from recycled scrap. The demand for these raw materials directly feeds into the overall steel manufacturing market.

AI Generated Analysis | Feedback

Here are 3-5 expected drivers of Nucor's (NUE) future revenue growth over the next 2-3 years:

Strategic Capital Projects and Capacity Expansions: Nucor is actively investing in significant capital projects to enhance its production capabilities and expand into new product areas. These include a new melt shop at Kingman, Arizona, a new rebar micro mill in Lexington, North Carolina, and the completion of a new state-of-the-art mill in West Virginia by the end of 2026. The company also plans to commission an automotive galvanizing line in Berkeley County in 2026. These expansions are aimed at supporting long-term earnings growth.
Growth in High-Margin, Less Cyclical Businesses and Product Diversification: Nucor is focusing on investments in high-margin, less cyclical businesses and expanding its steel product capabilities. This includes venturing into new areas related to steel, such as custom-engineered building products and automated utility tower manufacturing. The company's strategic growth aligns with secular trends and positions it to cater to specific customer needs and enter new markets.
Leveraging Secular Growth Trends (Data Centers, Power Grid, Reindustrialization): Nucor is poised to benefit from several significant secular growth trends. This includes the robust expansion of data center construction, the ongoing expansion of power transmission and distribution infrastructure, and the reindustrialization of the U.S. economy. Nucor has strategically positioned itself by repurposing existing steel products facilities for its Nucor Data Systems businesses (including manufacturing server cabinets and racks) and supporting infrastructure projects.
Integration of Acquisitions: Nucor continues to integrate recently acquired businesses, such as Rytec and Southwest Data Products. These acquisitions are aligned with strategic growth in overhead door and racking platforms, offering opportunities for diversified revenue streams and market expansion.
Support from Steel Import Tariffs and Market Positioning: Ongoing steel import tariffs are expected to support domestic demand and may provide price stability and stronger volumes for Nucor. The company's strong financial position and strategic initiatives are seen as positioning it as a formidable competitor in the North American steel market.

AI Generated Analysis | Feedback

Share Repurchases

Nucor's Board of Directors approved a new share repurchase program of up to $4.00 billion in May 2023, replacing a previous $4.00 billion authorization under which approximately $3.79 billion of common stock had been repurchased since December 2021.
In the first half of 2024, Nucor returned more than $1.7 billion to shareholders through dividends and share repurchases, with approximately $11.4 billion returned since 2020.
In Q3 2025, Nucor returned approximately $230 million to shareholders through dividends and share buybacks, bringing year-to-date returns to nearly $1 billion, or 72% of net earnings.

Outbound Investments

Nucor has spent $5.8 billion on acquisitions since 2020, focusing on expanding its production capabilities and growing its business.
Recent acquisitions include Southwest Data Products (now Nucor Data Systems) to expand offerings for data center customers and Rytec Corporation, a manufacturer of high-speed commercial doors, to grow beyond core steelmaking into related downstream businesses.
Nucor has also made strategic investments in Helion (fusion reactions) and NuScale (SMR technology), which may benefit the company in the long term, particularly with data center baseload capacity.

Capital Expenditures

Nucor expects capital expenditures to be approximately $3 billion in 2025, roughly flat compared to 2024's amount, with about two-thirds attributed to growth projects. Full-year CapEx for 2025 is now expected to be $3.3 billion due to some project spending being pulled forward from 2026.
Expected 2024 capital expenditures were $3.2 billion, a 45% increase from $2.2 billion in 2023.
A significant portion of capital expenditures is directed towards major growth projects, including the ongoing construction of a $3.1 billion sheet mill in Apple Grove, West Virginia (expected to be commissioned by the end of 2026), a rebar micro mill in Lexington, North Carolina, and a new melt shop at the Kingman, Arizona steel mill. These investments also include expanding capabilities for the rapidly growing data center construction market.

Better Bets than Nucor (NUE)

	NUE	Better Performance than NUE
Metric	Value	INDUSTRY: Steel
Rev Chg LTM	-5.8%	CRS (2.4%), RS (-0.9%), STLD (-1.5%), CMC (-1.6%), MTUS (-3.4%)
Rev Chg 3Y Avg	-10.4%	CRS (14.6%), CMC (-4.3%), RS (-7.0%), CLF (-7.2%), STLD (-8.0%)
Op Mgn LTM	7.0%	MSB (79.0%), CRS (19.4%), NWPX (9.3%), STLD (8.6%), RS (7.1%)
CFO/Rev LTM	10.2%	MSB (409.8%), HCC (16.9%), CRS (15.2%), NWPX (13.0%)
FCF/Rev LTM	-1.2%	CRS (9.3%), RS (4.8%), CMC (4.0%), AMR (1.9%), STLD (1.8%)
Total Yield	6.1%	SXC (15.2%), WS (10.0%), NWPX (7.2%), STLD (6.9%), RS (6.7%)
P/S	1.0	CLF (0.3), WS (0.5), MTUS (0.6), CMC (0.8), AMR (1.0)
P/Op Inc	13.9	SXC (7.9), WS (9.4), NWPX (10.6), CMC (12.3), STLD (13.5)

	NUE	Better Performance than NUE
Metric	Value	SECTOR: Materials
Rev Chg LTM	-5.8%	AEM (35.2%), NEM (26.6%), SCCO (12.7%), LIN (1.3%), SHW (1.0%)
Rev Chg 3Y Avg	-10.4%	AEM (26.0%), NEM (23.9%), SCCO (7.1%), SHW (2.4%), LIN (0.6%)
Op Mgn LTM	7.0%	SCCO (50.3%), AEM (49.4%), NEM (43.5%), LIN (26.9%), SHW (15.8%)
CFO/Rev LTM	10.2%	AEM (55.2%), NEM (42.9%), SCCO (37.4%), LIN (29.8%), SHW (14.2%)
FCF/Rev LTM	-1.2%	AEM (34.5%), NEM (28.5%), SCCO (28.2%), LIN (15.2%), SHW (10.4%)
Total Yield	6.1%	AU (11.3%), B (9.2%), NEM (9.0%), KGC (6.3%), SCCO (6.1%)
P/S	1.0	DOW (0.4), LYB (0.4), AA (0.7), SW (0.7), IP (1.0)
P/Op Inc	13.9	B (6.7), FCX (8.1), AU (8.3), NEM (9.9), KGC (11.6)

	NUE	Better Performance than NUE
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-5.8%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-10.4%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	7.0%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	10.2%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	-1.2%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	6.1%	XOM (10.3%), JNJ (8.4%), BAC (7.7%), JPM (6.7%), BRK-B (6.2%)
P/S	1.0	CVS (0.2), MCK (0.2), UNH (0.7), DELL (0.8), CMCSA (0.9)
P/Op Inc	13.9	T (8.3), MRK (9.4), UNH (11.9), XOM (12.4), TMUS (13.9)

		Best Bets In Materials Sector
	NUE	SCCO	USLM	CF	NEU	EXP	NEM	RGLD	CBT	AXTA	CCK
What You Pay
P/E	23.1	26.1	28.8	10.5	17.3	16.8	12.9	27.5	9.4	13.5	11.8
P/EBIT	13.7	15.7	24.6	6.5	12.4	12.3	8.9	23.0	6.1	8.2	6.1
What You Get
Rev Chg Q	4.7%	15.2%	14.1%	21.1%	-4.8%	2.5%	20.0%	30.0%	-9.2%	-2.4%	4.2%
Rev Chg LTM	-5.8%	12.7%	20.3%	12.6%	-1.1%	1.5%	26.6%	28.1%	-3.6%	-1.8%	3.3%
Rev Chg 3Y Avg	-10.4%	7.1%	17.8%	-13.5%	1.1%	4.1%	23.9%	12.3%	-2.5%	2.7%	-2.1%
FCF/Rev 3Y Avg	8.7%	27.0%	25.6%	22.3%	17.5%	16.7%	13.8%	9.3%	8.9%	8.0%	7.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Nucor Stock Surges 12%, With A 8-Day Winning Spree	Notification
2	Nucor Stock Surges 5.7%, With A 7-Day Winning Spree	Notification
3	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%	Notification
4	Nucor Stock On Fire: Up 5.7% With 7-Day Winning Streak	Notification
5	Nucor Stock On Fire: Up 9.4% With 7-Day Winning Streak	Notification
6	Day 5 of Gains Streak for Nucor Stock with 13% Return (vs. 34% YTD) [10/29/2025]	Notification
7	Would You Still Hold Nucor Stock If It Fell 30%?	Return
8	Nucor vs Newmont: Which Is A Better Investment?	Counter-Intuitive Comparisons
9	How Does Nucor Stock Stack Up Against Its Peers?	Peer Comparison
10	Better Bet Than NUE Stock: Pay Less Than Nucor To Get More From TMUS, UNH
11	ARTICLES
12	8-Day Rally Sends Nucor Stock Up 12%		December 4th, 2025
13	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%		December 3rd, 2025
14	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%		December 3rd, 2025
15	7-Day Rally Sends Nucor Stock Up 5.7%		December 3rd, 2025
16	S&P 500 Stocks Trading At 52-Week High		December 3rd, 2025

	Title
0	DASHBOARDS
1	Nucor Stock Surges 12%, With A 8-Day Winning Spree
2	Nucor Stock Surges 5.7%, With A 7-Day Winning Spree
3	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%
4	Nucor Stock On Fire: Up 5.7% With 7-Day Winning Streak
5	Nucor Stock On Fire: Up 9.4% With 7-Day Winning Streak
6	Day 5 of Gains Streak for Nucor Stock with 13% Return (vs. 34% YTD) [10/29/2025]
7	Would You Still Hold Nucor Stock If It Fell 30%?
8	Nucor vs Newmont: Which Is A Better Investment?
9	How Does Nucor Stock Stack Up Against Its Peers?
10	Better Bet Than NUE Stock: Pay Less Than Nucor To Get More From TMUS, UNH
11	ARTICLES
12	8-Day Rally Sends Nucor Stock Up 12%
13	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%
14	Nucor Stock 7-Day Winning Spree: Stock Climbs 5.7%
15	7-Day Rally Sends Nucor Stock Up 5.7%
16	S&P 500 Stocks Trading At 52-Week High

Trade Ideas

Select past ideas related to NUE. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.4%	3.4%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.0%	1.0%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	29.7%	29.7%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	9.9%	9.9%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.2%	5.2%	-2.5%
NUE_11302022_Quality_Momentum_RoomToRun_10%	11302022	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-11.3%	14.9%	-12.3%
NUE_4302022_Quality_Momentum_RoomToRun_10%	04302022	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-12.6%	-2.7%	-32.9%
NUE_6302021_Quality_Momentum_RoomToRun_10%	06302021	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	20.2%	10.6%	-6.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
DD_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	DD	DuPont de Nemours	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.4%	3.4%	-0.2%
CF_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	CF	CF Industries	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.0%	1.0%	-1.1%
HL_11212025_Quality_Momentum_RoomToRun_10%	11212025	HL	Hecla Mining	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	29.7%	29.7%	0.0%
CDE_11072025_Dip_Buyer_ValueBuy	11072025	CDE	Coeur Mining	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	9.9%	9.9%	-5.7%
ATR_10312025_Dip_Buyer_ValueBuy	10312025	ATR	AptarGroup	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.2%	5.2%	-2.5%
NUE_11302022_Quality_Momentum_RoomToRun_10%	11302022	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-11.3%	14.9%	-12.3%
NUE_4302022_Quality_Momentum_RoomToRun_10%	04302022	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-12.6%	-2.7%	-32.9%
NUE_6302021_Quality_Momentum_RoomToRun_10%	06302021	NUE	Nucor	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	20.2%	10.6%	-6.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
USAR	USA Rare Earth	1.8	24.7%	58557.7%
PATH	UiPath	9.9	24.4%	45.4%
ASTS	AST SpaceMobile	17.6	18.2%	244.3%
FLNC	Fluence Energy	3.1	17.6%	47.0%
SAIC	Science Applications International	4.8	16.3%	-7.7%
AEVA	Aeva Technologies	0.9	16.0%	234.3%
AXGN	Axogen	1.5	16.0%	99.4%
SANA	Sana Biotechnology	1.3	15.9%	217.8%
OKLO	Oklo	15.6	15.6%	425.9%
RGTI	Rigetti Computing	9.0	15.4%	97.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HOV	Hovnanian Enterprises	0.7	-22.5%	-22.4%
SYM	Symbotic	6.6	-17.4%	155.1%
BBW	Build-A-Bear Workshop	0.6	-15.5%	7.1%
DJCO	Daily Journal	0.6	-11.9%	-22.5%
PVH	PVH	3.7	-11.9%	-26.9%
SNOW	Snowflake	78.7	-11.4%	52.0%
QURE	uniQure	1.2	-10.8%	28.8%
MBX	MBX Biosciences	1.0	-10.0%	65.7%
WLY	John Wiley & Sons	1.8	-8.6%	-18.7%
LUMN	Lumen Technologies	8.7	-8.3%	65.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.7	601.0%	-45.7%
HPP	Hudson Pacific Properties	6.1	591.8%	-36.1%
AEVA	Aeva Technologies	0.9	50.8%	234.3%
MPLT	MapLight Therapeutics	0.8	41.2%
USAR	USA Rare Earth	1.8	40.6%	58557.7%
PATH	UiPath	9.9	36.0%	45.4%
EVEX	Eve	1.6	34.4%	-7.4%
TMC	TMC The Metals	2.9	33.8%	596.4%
TE	T1 Energy	0.8	33.1%
INDI	Indie Semiconductor	0.9	32.1%	13.8%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-52.7%	-69.4%
CTEV	Claritev	0.6	-32.7%
SYM	Symbotic	6.6	-30.7%	155.1%
FULC	Fulcrum Therapeutics	0.5	-22.6%	86.4%
HOV	Hovnanian Enterprises	0.7	-22.0%	-22.4%
VTYX	Ventyx Biosciences	0.6	-19.9%	265.3%
SIG	Signet Jewelers	3.5	-17.8%	7.2%
CMCL	Caledonia Mining	0.5	-17.8%	175.7%
QURE	uniQure	1.2	-17.7%	28.8%
URGN	UroGen Pharma	1.2	-17.5%	128.0%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LXP	LXP Industrial Trust	2.8	406.1%	25.7%
OLMA	Olema Pharmaceuticals	2.4	237.1%	374.1%
COGT	Cogent Biosciences	5.4	178.2%	404.0%
CDTX	Cidara Therapeutics	5.9	119.6%	720.3%
SGML	Sigma Lithium	1.1	113.2%	-11.1%
IRWD	Ironwood Pharmaceuticals	0.6	99.5%	-15.8%
ALMS	Alumis	0.6	82.4%	5.6%
NPCE	NeuroPace	0.6	80.5%	51.7%
BW	Babcock & Wilcox Enterprises	0.7	80.5%	311.6%
CBLL	CeriBell	0.7	75.4%	-26.0%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CCOI	Cogent Communications	0.9	-53.0%	-74.0%
UP	Wheels Up Experience	0.5	-48.0%	-60.0%
TLRY	Tilray Brands	7.7	-41.8%	-45.7%
AMSC	American Superconductor	1.4	-41.4%	34.0%
CTEV	Claritev	0.6	-41.2%
BTDR	Bitdeer Technologies	2.5	-40.7%	-41.6%
FRMI	Fermi	11.1	-40.2%
JANX	Janux Therapeutics	1.0	-39.3%	-69.4%
ARDT	Ardent Health	1.2	-39.1%	-48.1%
SMR	NuScale Power	3.4	-35.9%	27.4%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
USAR	USA Rare Earth	1.8	24.7%	58557.7%
PATH	UiPath	9.9	24.4%	45.4%
ASTS	AST SpaceMobile	17.6	18.2%	244.3%
FLNC	Fluence Energy	3.1	17.6%	47.0%
SAIC	Science Applications International	4.8	16.3%	-7.7%
AEVA	Aeva Technologies	0.9	16.0%	234.3%
AXGN	Axogen	1.5	16.0%	99.4%
SANA	Sana Biotechnology	1.3	15.9%	217.8%
OKLO	Oklo	15.6	15.6%	425.9%
RGTI	Rigetti Computing	9.0	15.4%	97.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
HOV	Hovnanian Enterprises	0.7	-22.5%	-22.4%
SYM	Symbotic	6.6	-17.4%	155.1%
BBW	Build-A-Bear Workshop	0.6	-15.5%	7.1%
DJCO	Daily Journal	0.6	-11.9%	-22.5%
PVH	PVH	3.7	-11.9%	-26.9%
SNOW	Snowflake	78.7	-11.4%	52.0%
QURE	uniQure	1.2	-10.8%	28.8%
MBX	MBX Biosciences	1.0	-10.0%	65.7%
WLY	John Wiley & Sons	1.8	-8.6%	-18.7%
LUMN	Lumen Technologies	8.7	-8.3%	65.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.7	601.0%	-45.7%
HPP	Hudson Pacific Properties	6.1	591.8%	-36.1%
AEVA	Aeva Technologies	0.9	50.8%	234.3%
MPLT	MapLight Therapeutics	0.8	41.2%
USAR	USA Rare Earth	1.8	40.6%	58557.7%
PATH	UiPath	9.9	36.0%	45.4%
EVEX	Eve	1.6	34.4%	-7.4%
TMC	TMC The Metals	2.9	33.8%	596.4%
TE	T1 Energy	0.8	33.1%
INDI	Indie Semiconductor	0.9	32.1%	13.8%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-52.7%	-69.4%
CTEV	Claritev	0.6	-32.7%
SYM	Symbotic	6.6	-30.7%	155.1%
FULC	Fulcrum Therapeutics	0.5	-22.6%	86.4%
HOV	Hovnanian Enterprises	0.7	-22.0%	-22.4%
VTYX	Ventyx Biosciences	0.6	-19.9%	265.3%
SIG	Signet Jewelers	3.5	-17.8%	7.2%
CMCL	Caledonia Mining	0.5	-17.8%	175.7%
QURE	uniQure	1.2	-17.7%	28.8%
URGN	UroGen Pharma	1.2	-17.5%	128.0%

Peer Comparisons for Nucor

Peers to compare with:

Financials

	NUE	STLD	CLF	NWPX	CRS	Median
Name	Nucor	Steel Dy.	Clevelan.	NWPX Inf.	Carpente.
Mkt Price	162.54	168.11	12.75	60.09	314.74	162.54
Mkt Cap	37.5	24.7	6.3	0.6	15.8	15.8
Rev LTM	30,806	17,635	18,622	520	2,893	17,635
Op Inc LTM	2,143	1,519	-1,539	48	561	561
FCF LTM	-385	311	-1,547	48	269	48
FCF 3Y Avg	3,115	1,018	141	22	162	162
CFO LTM	3,130	1,524	-921	67	439	439
CFO 3Y Avg	5,842	2,562	804	44	282	804

Growth & Margins

	NUE	STLD	CLF	NWPX	CRS	Median
Name	Nucor	Steel Dy.	Clevelan.	NWPX Inf.	Carpente.
Rev Chg LTM	-5.8%	-1.5%	-6.8%	7.6%	2.4%	-1.5%
Rev Chg 3Y Avg	-10.4%	-8.0%	-7.2%	4.8%	14.6%	-7.2%
Rev Chg Q	4.7%	11.2%	3.6%	16.0%	2.2%	4.7%
QoQ Delta Rev Chg LTM	1.2%	2.8%	0.9%	4.2%	0.6%	1.2%
Op Mgn LTM	7.0%	8.6%	-8.3%	9.3%	19.4%	8.6%
Op Mgn 3Y Avg	13.9%	13.7%	-1.9%	9.0%	13.6%	13.6%
QoQ Delta Op Mgn LTM	-0.0%	0.5%	0.3%	0.3%	1.1%	0.3%
CFO/Rev LTM	10.2%	8.6%	-4.9%	13.0%	15.2%	10.2%
CFO/Rev 3Y Avg	17.0%	13.8%	3.6%	9.0%	9.9%	9.9%
FCF/Rev LTM	-1.2%	1.8%	-8.3%	9.3%	9.3%	1.8%
FCF/Rev 3Y Avg	8.7%	5.4%	0.3%	4.4%	5.7%	5.4%

Valuation

	NUE	STLD	CLF	NWPX	CRS	Median
Name	Nucor	Steel Dy.	Clevelan.	NWPX Inf.	Carpente.
Mkt Cap	37.5	24.7	6.3	0.6	15.8	15.8
P/S	1.0	1.2	0.3	1.0	4.3	1.0
P/EBIT	13.7	13.8	-3.9	10.6	21.5	13.7
P/E	23.1	18.2	-3.6	14.0	29.7	18.2
P/CFO	9.5	13.4	-6.6	7.6	28.0	9.5
Total Yield	6.1%	6.9%	-27.7%	7.2%	3.7%	6.1%
Dividend Yield	1.7%	1.4%	0.0%	0.0%	0.3%	0.3%
FCF Yield 3Y Avg	7.7%	5.6%	0.5%	4.9%	1.7%	4.9%
D/E	0.2	0.2	1.3	0.3	0.1	0.2
Net D/E	0.1	0.1	1.3	0.3	0.0	0.1

Returns

	NUE	STLD	CLF	NWPX	CRS	Median
Name	Nucor	Steel Dy.	Clevelan.	NWPX Inf.	Carpente.
1M Rtn	12.6%	10.9%	19.4%	-5.6%	2.7%	10.9%
3M Rtn	12.6%	28.9%	21.2%	15.1%	31.1%	21.2%
6M Rtn	38.0%	28.2%	79.6%	52.7%	27.6%	38.0%
12M Rtn	10.8%	20.8%	2.5%	6.8%	62.5%	10.8%
3Y Rtn	12.5%	64.7%	-19.2%	64.2%	679.6%	64.2%
1M Excs Rtn	11.4%	9.6%	18.1%	-6.9%	1.4%	9.6%
3M Excs Rtn	5.0%	19.5%	6.1%	9.4%	21.5%	9.4%
6M Excs Rtn	22.6%	12.8%	64.1%	37.3%	12.2%	22.6%
12M Excs Rtn	-7.6%	4.5%	-14.0%	-7.2%	48.8%	-7.2%
3Y Excs Rtn	-57.7%	-2.0%	-89.0%	-10.4%	633.8%	-10.4%

Comparison Analyses

	Title
0	How Does Nucor Stock Stack Up Against Its Peers?
1	X Looks Stronger Than NUE With 0.0% Return Potential
2	NUE Looks Stronger Than STLD With 9.1% Return Potential
3	NUE Could Deliver 9.1% Returns And Outperform CLF
4	Nucor vs. Qualcomm: With Return Forecast Of 15%, Nucor Is A Better Bet
5	Nucor vs. Philip Morris: With Return Forecast Of 15%, Nucor Is A Better Bet
6	Nucor vs. LIN Media: With Return Forecast Of 40%, LIN Media Is A Better Bet
7	Nucor vs. Abbott Laboratories: With Return Forecast Of 13%, Abbott Laboratories Is A Better Bet
8	Nucor vs. Home Depot: With Return Forecast Of 16%, Home Depot Is A Better Bet
9	Nucor vs. Thermo Fisher Scientific: With Return Forecast Of 28%, Thermo Fisher Scientific Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	7/5/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/13/2025	2/27/2025	2/27/2024	3/1/2023	2/28/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	30,806	30,734	34,714	41,512	36,484	20,140	22,589
EBITDA	3,622	4,486	7,688	11,568	10,229	1,788	2,679
Operating Income	2,143	2,979	6,230	10,506	9,319	1,613	1,968
Net Income	1,296	2,027	4,525	7,607	6,827	721	1,271
EPS	5.54	8.47	18.05	28.88	23.23	2.37	4.14
Growth Rates
Total Revenue Growth	-5.8%	-11.5%	-16.4%	13.8%	81.2%	-10.8%	-9.9%
EBITDA Growth	-41.9%	-41.6%	-33.5%	13.1%	472.2%	-33.3%	-34.8%
Operating Income Growth	-53.9%	-52.2%	-40.7%	12.7%	477.8%	-18.0%	-42.7%
Net Income Growth	-62.1%	-55.2%	-40.5%	11.4%	846.3%	-43.2%	-46.2%
Margins
EBITDA Margin	11.8%	14.6%	22.1%	27.9%	28.0%	8.9%	11.9%
Operating Income Margin	7.0%	9.7%	17.9%	25.3%	25.5%	8.0%	8.7%
Net Income Margin	4.2%	6.6%	13.0%	18.3%	18.7%	3.6%	5.6%
Cash & Debt
Total Cash	2,483	4,139	7,130	4,858	2,618	3,048	1,835
Total Debt	6,881	6,950	6,842	6,691	5,685	5,341	4,383
Net Debt / (Cash)	4,398	2,811	-288	1,834	3,067	2,293	2,548
Cash Flows
Net Cash from Operations	3,130	3,979	7,112	10,072	6,231	2,697	2,809
Free Cash from Operations	-385	806	4,898	8,124	4,609	1,154	1,332
Returns to Shareholders
Dividends	516	522	515	534	483	492	492
Share Repurchases	1,216	2,217	1,554	2,763	3,276	39	299

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	7/5/2025	4/5/2025	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Filing Date	8/13/2025	5/14/2025	2/27/2025	11/6/2024	8/7/2024	5/8/2024	2/27/2024	11/8/2023	8/9/2023	5/10/2023	3/1/2023	11/9/2022
Key Financials Quarterly
Total Revenue	8,456	7,830	7,076	7,444	8,077	8,137	7,705	8,776	9,523	8,710	8,723	10,501
Ebitda	1,314	704	801	804	1,297	1,584	1,450	1,902	2,397	1,939	1,962	2,647
Operating Income	919	324	387	513	900	1,178	1,038	1,535	2,048	1,608	1,675	2,357
Net Income	603	156	287	250	645	845	786	1,142	1,461	1,137	1,255	1,695
EPS	2.60	0.67	1.22	1.05	2.68	3.46	3.17	4.58	5.82	4.47	4.90	6.51
Key Financials TTM
Total Revenue TTM	30,806	30,427	30,734	31,363	32,695	34,141	34,714	35,732	37,457	39,729	41,512	43,153
Ebitda TTM	3,622	3,605	4,485	5,134	6,233	7,333	7,688	8,200	8,945	10,350	11,590	12,917
Operating Income TTM	2,143	2,124	2,978	3,630	4,651	5,800	6,230	6,866	7,688	9,181	10,506	11,853
Net Income TTM	1,296	1,338	2,027	2,526	3,417	4,233	4,525	4,995	5,548	6,648	7,607	8,602
Growth Rates Quarterly
Total Revenue Growth	4.7%	-3.8%	-8.2%	-15.2%	-15.2%	-6.6%	-11.7%	-16.4%	-19.3%	-17.0%	-15.8%	1.8%
EBITDA Growth	1.3%	-55.6%	-44.8%	-57.8%	-45.9%	-18.3%	-26.1%	-28.1%	-37.0%	-39.0%	-40.4%	-15.5%
Operating Income Growth	2.1%	-72.5%	-62.7%	-66.6%	-56.1%	-26.8%	-38.0%	-34.9%	-42.2%	-45.2%	-44.6%	-18.2%
Net Income Growth	-6.5%	-81.5%	-63.5%	-78.1%	-55.9%	-25.7%	-37.4%	-32.6%	-42.9%	-45.8%	-44.2%	-20.3%
Margins Quarterly
EBITDA Margin	15.5%	9.0%	11.3%	10.8%	16.1%	19.5%	18.8%	21.7%	25.2%	22.3%	22.5%	25.2%
Operating Income Margin	10.9%	4.1%	5.5%	6.9%	11.1%	14.5%	13.5%	17.5%	21.5%	18.5%	19.2%	22.4%
Net Income Margin	7.1%	2.0%	4.1%	3.4%	8.0%	10.4%	10.2%	13.0%	15.3%	13.0%	14.4%	16.1%
Cash & Debt
Total Cash	2,483	4,061	4,139	4,858	5,434	5,539	7,130	6,719	5,381	4,618	4,858	3,427
Total Debt	6,881	7,880	6,950	6,939	6,892	6,851	6,842	6,681	6,679	6,671	6,691	6,711
Net Debt / (Cash)	4,398	3,819	2,811	2,081	1,458	1,313	-288	-38	1,298	2,053	1,834	3,283
Cash Flows Quarterly
FCF from Operations	732	364	733	1,301	1,485	460	1,520	2,464	1,920	1,207	2,533	2,805
Cash Flows TTM
FCF from Operations TTM	3,130	3,883	3,979	4,766	5,929	6,365	7,112	8,125	8,466	8,807	10,072	10,149
Returns to Shareholders Quarterly
Dividends	129	129	128	130	130	134	127	128	129	131	130	132
Share Repurchases	200	300	315	401	500	1,001	177	500	451	426	403	652
Return on Invested Capital (ROIC) Quarterly
ROIC	65.6%	26.9%	48.7%	77.0%	195.8%	281.1%	-	-	488.7%	241.7%	315.8%	222.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	39.2%	45.0%	84.7%	138.4%	252.9%	347.5%	-	-	469.1%	354.2%	451.8%	280.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Steel mills	24,905	30,049	30,443	12,109	13,934
Raw materials	14,226	15,977	18,373	1,407	1,665
Steel products	13,215	15,607	10,088	6,623	6,990
Elimination of intercompany sales	-17,632	-20,121
Corporate/eliminations			-22,420
Total	34,714	41,512	36,484	20,140	22,589

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Steel mills	15,407	14,157	13,235	9,708	9,283
Steel products	10,915	12,087	7,845	4,461	4,611
Corporate/eliminations	5,471	2,852	872	2,632	1,134
Raw materials	3,547	3,383	3,871	3,324	3,316
Total	35,340	32,479	25,823	20,125	18,345

Price Behavior

Price Behavior

Market Price	$162.54
Market Cap ($ Bil)	37.5
First Trading Date	09/01/1983
Distance from 52W High	-1.3%
	50 Days	200 Days
DMA Price	$144.65	$132.56
DMA Trend	up	up
Distance from DMA	12.4%	22.6%
	3M	1YR
Volatility	31.4%	37.7%
Downside Capture	70.52	115.27
Upside Capture	109.65	110.90
Correlation (SPY)	43.2%	61.3%

NUE Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.81	1.28	1.12	1.17	1.17	1.19
Up Beta	0.04	0.54	1.18	1.04	1.13	1.19
Down Beta	1.93	1.58	1.54	1.33	1.31	1.29
Up Capture	139%	203%	97%	160%	110%	109%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	24	33	67	127	381
Down Capture	54%	96%	85%	81%	110%	105%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	17	29	58	121	369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of NUE With Other Asset Classes (Last 1Y)
	NUE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.9%	-52.6%	14.6%	57.6%	4.7%	-5.6%	-3.5%
Annualized Volatility	37.7%	54.1%	19.6%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.25	-1.06	0.57	2.22	0.10	-0.47	0.03
Correlation With Other Assets		28.3%	61.2%	0.7%	29.4%	42.8%	24.2%

ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of NUE With Other Asset Classes (Last 5Y)
	NUE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	26.4%	-7.4%	15.1%	18.0%	11.7%	4.8%	40.5%
Annualized Volatility	38.6%	29.4%	17.1%	15.5%	18.8%	19.0%	49.0%
Sharpe Ratio	0.71	-0.18	0.71	0.93	0.51	0.17	0.68
Correlation With Other Assets		45.0%	51.6%	6.6%	22.2%	37.0%	20.5%

Based On 10-Year Data

		Comparison of NUE With Other Asset Classes (Last 10Y)
	NUE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	17.3%	1.7%	14.5%	14.2%	5.7%	5.3%	76.1%
Annualized Volatility	36.0%	26.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.55	0.12	0.69	0.79	0.25	0.23	0.94
Correlation With Other Assets		57.1%	59.5%	1.9%	29.3%	44.1%	17.2%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	4,131,305
Short Interest: % Change Since 10312025	-3.6%
Average Daily Volume	1,383,493
Days-to-Cover Short Interest	2.99
Basic Shares Quantity	230,600,000
Short % of Basic Shares	1.8%

Returns Analyses

	Title
0	Would You Still Hold Nucor Stock If It Fell 30%?
1	NUE YTD Stock Return Of 2.4% Outperforms CLF by 22% and Underperforms X by -21%
2	Nucor Stock Return Comparison
3	Nucor Total Shareholder Return (TSR): 17.2% in 2022 and 35.5% 3-yr returns (above peer average)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8132025	10-Q 7/5/2025
3312025	5142025	10-Q 4/5/2025
12312024	2272025	10-K 12/31/2024
9302024	11062024	10-Q 9/28/2024
6302024	8072024	10-Q 6/29/2024
3312024	5082024	10-Q 3/30/2024
12312023	2272024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8092023	10-Q 7/1/2023
3312023	5102023	10-Q 4/1/2023
12312022	3012023	10-K 12/31/2022
9302022	11092022	10-Q 10/1/2022
6302022	8102022	10-Q 7/2/2022
3312022	5112022	10-Q 4/2/2022
12312021	2282022	10-K 12/31/2021
9302021	11102021	10-Q 10/2/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Hollatz John J	Executive Vice President	11142025	Sell	149.86	5,000	749,300	14,768,761	Form
1	Behr Allen C	Executive Vice President	11032025	Sell	151.28	9,042	1,367,902	11,143,689	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Nucor (NUE)

Market Price (12/5/2025): $161.9 | Market Cap: $37.3 BilSector: Materials | Industry: Steel

Nucor (NUE)

Market Price (12/5/2025): $161.9Market Cap: $37.3 BilSector: MaterialsIndustry: Steel

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NUE Stock

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About Nucor (NUE)

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Steel Mills Segment

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Market Price (12/5/2025): $161.9 | Market Cap: $37.3 Bil
Sector: Materials | Industry: Steel

Market Price (12/5/2025): $161.9
Market Cap: $37.3 Bil
Sector: Materials
Industry: Steel