NYSE : NUE
Nucor Corporation — Financial statements
Materials · Steel · United States
Last price 275.29 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 62.46B
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Financial statements
Nucor Corporation (NUE) reported revenue of 38.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 38.83B | 32.49B | 30.73B | 34.71B | 41.51B | 36.48B |
| Cost of Revenue | 32.08B | 28.59B | 26.61B | 26.87B | 28.98B | 25.44B |
| Gross Profit | 6.75B | 3.91B | 4.12B | 7.84B | 12.53B | 11.05B |
| Selling, General & Admin | 1.59B | 1.25B | 1.14B | 1.61B | 2.02B | 1.73B |
| Operating Expenses | 1.59B | 1.25B | 1.14B | 1.61B | 2.12B | 1.77B |
| Operating Income | 5.16B | 2.66B | 2.98B | 6.23B | 10.41B | 9.28B |
| Interest Expense | -160.00M | -170.00M | -228.00M | -246.00M | -219.00M | -163.12M |
| Interest & Investment Income | 111.00M | 111.00M | 258.00M | 276.00M | 49.00M | 4.27M |
| Earnings From Equity Investments | 35.00M | 35.00M | 30.00M | 13.00M | 11.00M | 103.07M |
| EBT Excluding Unusual Items | 5.15B | 2.63B | 3.04B | 6.27B | 10.25B | 9.22B |
| Merger & Restructuring Charges | -39.00M | -39.00M | ||||
| Asset Writedown | -20.00M | -28.00M | -54.00M | -6.00M | -20.16M | |
| Other Unusual Items | -83.00M | |||||
| Pretax Income | 5.09B | 2.57B | 2.90B | 6.27B | 10.24B | 9.20B |
| Income Tax Expense | 1.04B | 530.00M | 583.00M | 1.36B | 2.17B | 2.08B |
| Earnings From Continuing Operations | 4.05B | 2.04B | 2.32B | 4.91B | 8.08B | 7.12B |
| Minority Interest in Earnings | -450.00M | -294.00M | -292.00M | -388.00M | -472.00M | -294.91M |
| Net Income | 3.60B | 1.74B | 2.03B | 4.53B | 7.61B | 6.83B |
| Preferred Dividends & Other Adjustments | 7.00M | 7.00M | 9.00M | 17.00M | 31.00M | 32.31M |
| Net Income to Common | 3.59B | 1.74B | 2.02B | 4.51B | 7.58B | 6.80B |
| Shares Outstanding (Basic) | 228.22M | 230.70M | 238.30M | 249.80M | 262.30M | 292.49M |
| Shares Outstanding (Diluted) | 228.60M | 231.00M | 238.50M | 250.40M | 263.20M | 293.39M |
| EPS (Basic) | 15.73 | 7.53 | 8.47 | 18.05 | 28.88 | 23.23 |
| EPS (Diluted) | 15.68 | 7.52 | 8.46 | 18.00 | 28.79 | 23.16 |
| Free Cash Flow | 2.66B | -188.00M | 806.00M | 4.90B | 8.12B | 4.61B |
| Free Cash Flow Per Share | 11.63 | -0.81 | 3.38 | 19.56 | 30.87 | 15.71 |
| Dividend Per Share | 2.24 | 2.21 | 2.17 | 2.07 | 2.01 | 1.72 |
| Gross Margin | 17.39% | 12.03% | 13.41% | 22.59% | 30.18% | 30.28% |
| Operating Margin | 13.29% | 8.18% | 9.69% | 17.95% | 25.08% | 25.43% |
| Profit Margin | 9.24% | 5.35% | 6.57% | 12.99% | 18.25% | 18.62% |
| Free Cash Flow Margin | 6.84% | -0.58% | 2.62% | 14.11% | 19.57% | 12.63% |
| EBITDA | 6.70B | 4.14B | 4.33B | 7.40B | 11.57B | 10.18B |
| EBITDA Margin | 17.24% | 12.74% | 14.11% | 21.31% | 27.87% | 27.91% |
| D&A For EBITDA | 1.53B | 1.48B | 1.36B | 1.17B | 1.16B | 906.56M |
| EBIT | 5.16B | 2.66B | 2.98B | 6.23B | 10.41B | 9.28B |
| EBIT Margin | 13.29% | 8.18% | 9.69% | 17.95% | 25.08% | 25.43% |
| Effective Tax Rate | 20.50% | 20.64% | 20.09% | 21.68% | 21.14% | 22.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.47B | 2.26B | 3.56B | 6.38B | 4.28B | 2.36B |
| Short-Term Investments | 173.00M | 439.00M | 581.00M | 747.00M | 576.95M | 253.00M |
| Cash & Short-Term Investments | 3.64B | 2.70B | 4.14B | 7.13B | 4.86B | 2.62B |
| Accounts Receivable | 4.30B | 3.10B | 2.67B | 2.95B | 3.59B | 3.85B |
| Other Receivables | 83.00M | 218.00M | 346.00M | 564.70M | 115.20M | |
| Receivables | 4.30B | 3.19B | 2.89B | 3.30B | 4.16B | 3.97B |
| Inventory | 6.02B | 5.46B | 5.11B | 5.58B | 5.45B | 6.01B |
| Other Current Assets | 398.00M | 416.00M | 337.00M | 379.00M | 224.62M | 201.34M |
| Total Current Assets | 14.35B | 11.77B | 12.47B | 16.39B | 14.69B | 12.80B |
| Property, Plant & Equipment | 16.10B | 15.42B | 13.35B | 11.15B | 9.72B | 8.21B |
| Long-Term Investments | 473.00M | 483.00M | 480.00M | 562.30M | 624.60M | |
| Goodwill | 4.29B | 4.30B | 4.29B | 3.97B | 3.92B | 2.83B |
| Other Intangible Assets | 2.69B | 2.88B | 3.13B | 3.11B | 3.32B | 1.10B |
| Long-Term Deferred Tax Assets | 30.00M | 44.00M | 41.00M | 19.30M | ||
| Other Long-Term Assets | 924.00M | 235.00M | 166.00M | 203.00M | 245.18M | 260.68M |
| Total Assets | 38.36B | 35.10B | 33.94B | 35.34B | 32.48B | 25.82B |
| Accounts Payable | 2.38B | 1.89B | 1.83B | 2.02B | 1.65B | 1.83B |
| Accrued Expenses | 2.74B | 1.49B | 1.52B | 1.89B | 2.16B | 2.05B |
| Short-Term Debt | 130.00M | 122.00M | 225.00M | 119.00M | 49.08M | 251.52M |
| Current Portion of Long-Term Debt | 579.00M | 66.00M | 1.02B | 60.00M | 10.00M | 601.00M |
| Current Portion of Leases | 50.00M | 41.00M | 39.00M | 42.20M | 35.28M | |
| Current Unearned Revenue | 243.00M | 200.00M | 314.00M | 285.00M | 251.90M | |
| Other Current Liabilities | 146.00M | 133.00M | 153.00M | 131.87M | 140.13M | |
| Total Current Liabilities | 5.83B | 4.00B | 4.98B | 4.59B | 4.33B | 5.16B |
| Long-Term Debt | 6.38B | 6.67B | 5.51B | 6.47B | 6.44B | 4.80B |
| Long-Term Leases | 336.00M | 267.00M | 257.00M | 251.26M | 238.54M | |
| Pension & Post-Retirement Benefits | 25.60M | 29.30M | ||||
| Long-Term Deferred Tax Liabilities | 1.38B | 1.24B | 1.33B | 1.28B | 610.26M | |
| Other Long-Term Liabilities | 2.06B | 585.00M | 530.00M | 561.00M | 574.12M | 386.73M |
| Total Liabilities | 14.27B | 12.98B | 12.52B | 13.22B | 12.91B | 11.22B |
| Common Stock | 152.00M | 152.00M | 152.00M | 152.00M | 152.06M | 152.06M |
| Additional Paid-In Capital | 2.22B | 2.25B | 2.22B | 2.18B | 2.14B | 2.14B |
| Retained Earnings | 34.34B | 31.50B | 30.27B | 28.76B | 24.75B | 17.67B |
| Treasury Stock | -13.68B | -12.78B | -12.14B | -9.99B | -8.50B | -5.84B |
| Comprehensive Income & Other | -222.00M | -194.00M | -208.00M | -162.00M | -137.52M | -115.28M |
| Total Common Equity | 22.81B | 20.94B | 20.29B | 20.94B | 18.41B | 14.02B |
| Minority Interest | 1.28B | 1.19B | 1.12B | 1.18B | 1.16B | 587.40M |
| Shareholders' Equity | 24.09B | 22.12B | 21.42B | 22.12B | 19.57B | 14.60B |
| Total Liabilities & Equity | 38.36B | 35.10B | 33.94B | 35.34B | 32.48B | 25.82B |
| Total Debt | 7.09B | 7.25B | 7.07B | 6.95B | 6.80B | 5.92B |
| Net Cash (Debt) | -3.45B | -4.55B | -2.93B | 181.00M | -1.94B | -3.31B |
| Net Cash Per Share | -15.10 | -19.70 | -12.28 | 0.72 | -7.37 | -11.27 |
| Filing Date Shares Outstanding | 226.40M | 227.77M | 230.54M | 240.75M | 251.93M | 269.12M |
| Total Common Shares Outstanding | 226.40M | 228.30M | 232.80M | 244.90M | 253.49M | 272.41M |
| Working Capital | 8.52B | 7.76B | 7.50B | 11.79B | 10.36B | 7.64B |
| Book Value Per Share | 100.76 | 91.70 | 87.17 | 85.50 | 72.64 | 51.45 |
| Tangible Book Value | 15.83B | 13.76B | 12.87B | 13.86B | 11.17B | 10.09B |
| Tangible Book Value Per Share | 69.91 | 60.27 | 55.29 | 56.61 | 44.07 | 37.02 |
| Land | 1.41B | 1.26B | 1.18B | 905.60M | 845.77M | |
| Buildings | 3.28B | 2.76B | 2.55B | 2.23B | 1.85B | |
| Machinery | 18.77B | 17.43B | 16.33B | 15.13B | 13.12B | |
| Construction In Progress | 4.57B | 3.76B | 2.12B | 1.82B | 2.04B | |
| Order Backlog | 7.81B | 6.15B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.60B | 1.74B | 2.03B | 4.53B | 7.61B | 6.83B |
| Depreciation & Amortization | 1.53B | 1.48B | 1.36B | 1.17B | 1.16B | 906.56M |
| Asset Writedown & Restructuring Costs | 59.00M | 47.00M | 137.00M | 6.00M | 20.16M | |
| Loss (Gain) on Equity Investments | 12.00M | 11.00M | -5.00M | 21.00M | 46.00M | -102.87M |
| Stock-Based Compensation | 160.00M | 133.00M | 132.00M | 130.00M | 137.00M | 135.78M |
| Other Operating Activities | 538.00M | 455.00M | 176.00M | 409.00M | 425.00M | 306.57M |
| Change in Accounts Receivable | -1.02B | -428.00M | 319.00M | 664.00M | 501.00M | -1.39B |
| Change in Inventory | -631.00M | -366.00M | 518.00M | -75.00M | 962.00M | -2.31B |
| Change in Accounts Payable | 269.00M | 80.00M | -321.00M | 361.00M | -496.00M | 383.43M |
| Change in Income Taxes | 114.00M | 124.00M | 97.00M | 188.00M | -337.00M | 313.68M |
| Change in Other Net Operating Assets | 687.00M | -46.00M | -457.00M | -280.00M | 63.00M | 1.14B |
| Operating Cash Flow | 5.32B | 3.23B | 3.98B | 7.11B | 10.07B | 6.23B |
| Capital Expenditures | -2.66B | -3.42B | -3.17B | -2.21B | -1.95B | -1.62B |
| Sale of Property, Plant & Equipment | 37.00M | 45.00M | 17.00M | 15.00M | 32.00M | 19.40M |
| Cash Acquisitions | -2.00M | -2.00M | -758.00M | -71.00M | -3.55B | -1.43B |
| Divestitures | 1.00M | 100.00M | ||||
| Investment in Securities | 358.00M | 154.00M | 191.00M | -190.00M | -324.00M | 154.76M |
| Other Investing Activities | 18.00M | -1.00M | -12.00M | -36.00M | -10.00M | 399.00K |
| Investing Cash Flow | -2.25B | -3.23B | -3.73B | -2.50B | -5.70B | -2.87B |
| Short-Term Debt Issued | 105.00M | 49.82M | ||||
| Long-Term Debt Issued | 1.22B | 2.09B | 196.99M | |||
| Total Debt Issued | 243.00M | 1.22B | 105.00M | 2.09B | 246.81M | |
| Short-Term Debt Repaid | -102.00M | -25.00M | -59.00M | |||
| Long-Term Debt Repaid | -1.01B | -10.00M | -10.00M | -1.11B | ||
| Total Debt Repaid | -58.00M | -1.12B | -10.00M | -35.00M | -1.17B | |
| Net Debt Issued (Repaid) | 185.00M | 100.00M | 95.00M | -35.00M | 922.00M | 246.81M |
| Issuance of Common Stock | 23.00M | 5.00M | 4.00M | 12.00M | 23.00M | 145.25M |
| Repurchase of Common Stock | -1.16B | -732.00M | -2.27B | -1.60B | -2.83B | -3.35B |
| Common Dividends Paid | -513.00M | -512.00M | -522.00M | -515.00M | -534.00M | -483.47M |
| Other Financing Activities | -356.00M | -176.00M | -365.00M | -452.00M | -95.00M | -162.12M |
| Financing Cash Flow | -1.82B | -1.31B | -3.06B | -2.59B | -2.51B | -3.60B |
| Foreign Exchange Rate Adjustments | -4.00M | 9.00M | -16.00M | 3.00M | -6.00M | -316.00K |
| Net Cash Flow | 1.25B | -1.30B | -2.83B | 2.03B | 1.85B | -246.27M |
| Free Cash Flow | 2.66B | -188.00M | 806.00M | 4.90B | 8.12B | 4.61B |
| Free Cash Flow Margin | 6.84% | -0.58% | 2.62% | 14.11% | 19.57% | 12.63% |
| Free Cash Flow Per Share | 11.63 | -0.81 | 3.38 | 19.56 | 30.87 | 15.71 |
| Levered Free Cash Flow | 1.54B | -903.38M | 263.38M | 3.55B | 6.02B | 3.32B |
| Unlevered Free Cash Flow | 1.64B | -797.12M | 405.88M | 3.71B | 6.16B | 3.42B |
| Cash Interest Paid | 281.00M | 281.00M | 256.00M | 257.00M | 230.00M | 170.70M |
| Cash Income Tax Paid | 190.00M | 190.00M | 508.00M | 1.06B | 2.63B | 1.68B |
| Change in Working Capital | -578.00M | -636.00M | 156.00M | 858.00M | 693.00M | -1.86B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 62.13B | 37.33B | 27.41B | 42.79B | 33.82B | 31.08B |
| Enterprise Value | 65.59B | 42.60B | 30.57B | 43.95B | 38.34B | 35.41B |
| Last Close Price | 273.87 | 161.77 | 113.90 | 167.38 | 125.14 | 106.60 |
| PE Ratio | 17.46 | 21.49 | 13.58 | 9.49 | 4.46 | 4.57 |
| Forward PE | 10.45 | 15.00 | 18.11 | 13.14 | 9.53 | 5.08 |
| PS Ratio | 1.60 | 1.15 | 0.89 | 1.23 | 0.81 | 0.85 |
| PB Ratio | 2.72 | 1.69 | 1.28 | 1.93 | 1.73 | 2.13 |
| P/TBV Ratio | 3.93 | 2.71 | 2.13 | 3.09 | 3.03 | 3.08 |
| P/FCF Ratio | 23.38 | 34.00 | 8.73 | 4.16 | 6.74 | |
| P/OCF Ratio | 11.68 | 11.54 | 6.89 | 6.02 | 3.36 | 4.99 |
| PEG Ratio | 0.29 | 1.00 | 26.94 | 0.15 | 0.15 | 0.15 |
| EV/Sales Ratio | 1.69 | 1.31 | 0.99 | 1.27 | 0.92 | 0.97 |
| EV/EBITDA Ratio | 9.80 | 10.29 | 7.05 | 5.94 | 3.31 | 3.48 |
| EV/EBIT Ratio | 12.71 | 16.02 | 10.26 | 7.05 | 3.68 | 3.82 |
| EV/FCF Ratio | 24.68 | 37.93 | 8.97 | 4.72 | 7.68 | |
| Debt / Equity Ratio | 0.29 | 0.33 | 0.33 | 0.31 | 0.35 | 0.41 |
| Debt / EBITDA Ratio | 1.05 | 1.74 | 1.62 | 0.94 | 0.59 | 0.58 |
| Debt / FCF Ratio | 2.67 | 8.77 | 1.42 | 0.84 | 1.28 | |
| Net Debt / Equity Ratio | 0.14 | 0.21 | 0.14 | -0.01 | 0.10 | 0.23 |
| Net Debt / EBITDA Ratio | 0.52 | 1.10 | 0.68 | -0.02 | 0.17 | 0.33 |
| Net Debt / FCF Ratio | 1.30 | -24.20 | 3.63 | -0.04 | 0.24 | 0.72 |
| Asset Turnover | 1.06 | 0.94 | 0.89 | 1.02 | 1.42 | 1.59 |
| Inventory Turnover | 5.62 | 5.41 | 4.98 | 4.87 | 5.06 | 5.31 |
| Quick Ratio | 1.36 | 1.47 | 1.41 | 2.27 | 2.08 | 1.28 |
| Current Ratio | 2.46 | 2.94 | 2.51 | 3.57 | 3.39 | 2.48 |
| Return on Equity (ROE) | 17.58% | 9.36% | 10.65% | 23.57% | 47.28% | 55.14% |
| Return on Assets (ROA) | 8.82% | 4.81% | 5.38% | 11.48% | 22.32% | 25.24% |
| Return on Invested Capital (ROIC) | 14.87% | 8.27% | 10.29% | 22.46% | 41.65% | 45.25% |
| Return on Capital Employed (ROCE) | 15.90% | 8.50% | 10.30% | 20.30% | 37.00% | 44.90% |
| Earnings Yield | 5.73% | 4.67% | 7.40% | 10.58% | 22.50% | 21.96% |
| FCF Yield | 4.28% | -0.50% | 2.94% | 11.45% | 24.02% | 14.83% |
| Dividend Yield | 0.82% | 1.35% | 1.84% | 1.19% | 1.51% | 1.50% |
| Payout Ratio | 14.28% | 29.36% | 25.75% | 11.38% | 7.02% | 7.08% |
| Buyback Yield / Dilution | 1.55% | 3.15% | 4.75% | 4.86% | 10.29% | 3.26% |
| Total Shareholder Return | 2.37% | 4.50% | 6.59% | 6.05% | 11.80% | 4.76% |