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NUE

Nucor Corporation

NUE

Nucor Corporation • NYSE
$159.49 ▲ 0.23% (+0.36)
Market Cap $36.50 B
52w High $159.95
52w Low $97.59
Dividend Yield 2.20%
P/E 22.43
Volume 604.46K
Outstanding Shares 228.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.521B ▲ $305M ▲ $607M ▲ 7.124% ▼ $2.63 ▲ $1.288B ▼
Q2-2025 $8.456B ▲ $304M ▲ $603M ▲ 7.131% ▲ $2.61 ▲ $1.314B ▲
Q1-2025 $7.83B ▲ $281M ▲ $156M ▼ 1.992% ▼ $0.67 ▼ $704M ▼
Q4-2024 $7.076B ▼ $239.868M ▼ $287.032M ▲ 4.057% ▲ $1.22 ▲ $800.571M ▼
Q3-2024 $7.444B $244.657M $249.91M 3.357% $1.05 $803.586M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.745B ▲ $34.776B ▲ $12.845B ▲ $20.77B ▲
Q2-2025 $2.483B ▼ $34.217B ▼ $12.725B ▼ $20.389B ▲
Q1-2025 $4.061B ▼ $34.699B ▲ $13.584B ▲ $20.069B ▼
Q4-2024 $4.139B ▼ $33.94B ▼ $12.523B ▼ $20.294B ▼
Q3-2024 $4.858B $34.346B $12.79B $20.473B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $607M ▼ $1.339B ▲ $-786M ▼ $-273M ▲ $275M ▲ $532M ▲
Q2-2025 $706M ▲ $732M ▲ $-543M ▲ $-1.41B ▼ $-1.21B ▼ $-222M ▲
Q1-2025 $226M ▼ $364M ▼ $-1.18B ▼ $414M ▲ $-402M ▲ $-495M ▼
Q4-2024 $345.07M ▲ $733.368M ▼ $-963.784M ▲ $-461.15M ▲ $-704.799M ▼ $-145.773M ▼
Q3-2024 $302.93M $1.301B $-1.169B $-509.85M $-376.201M $477.773M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Bar
Bar
 $1.26Bn ▲$2.56Bn ▲$1.49Bn ▼$1.40Bn ▼
Plate
Plate
 $460.00M ▲$1.01Bn ▲$560.00M ▼$690.00M ▲
Raw Materials
Raw Materials
 $490.00M ▲$10.00M ▼$520.00M ▲$550.00M ▲
Rebar Fabrication
Rebar Fabrication
 $490.00M ▲$830.00M ▲$410.00M ▼$490.00M ▲
Sheet
Sheet
 $2.20Bn ▲$4.66Bn ▲$2.21Bn ▼$2.48Bn ▲
Steel Products
Steel Products
 $860.00M ▲$0 ▼$860.00M ▲$890.00M ▲
Structural
Structural
 $530.00M ▲$1.18Bn ▲$640.00M ▼$690.00M ▲
Tubular Products
Tubular Products
 $290.00M ▲$660.00M ▲$360.00M ▼$380.00M ▲
Deck
Deck
 $240.00M ▲$500.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Nucor’s results clearly show a steel cycle: profits and margins were extraordinarily strong a few years ago and have since cooled, but they remain well above pre‑boom levels. Revenue has stepped down from its peak yet is still much larger than it was earlier in the decade, which suggests the company held onto a good portion of its volume and pricing gains. Profitability has normalized from “exceptional” to “solid,” with much thinner margins than at the peak but still respectable for a cyclical, commodity-heavy business. Overall, the income statement points to a company that benefited hugely from a strong steel environment and is now managing through a comedown rather than a collapse.

Balance Sheet

Balance Sheet The balance sheet looks sturdy and steadily built. Total assets and shareholders’ equity have grown meaningfully over the past five years, indicating that past profits have largely been reinvested into the business. Debt has risen only modestly by comparison, which keeps leverage at what appears to be a comfortable level for a heavy industrial company. Cash balances have fluctuated but remain healthy, suggesting Nucor has flexibility to fund operations and capital projects without stretching its finances. In short, it appears conservatively financed for a cyclical industry.

Cash Flow

Cash Flow Cash generation has been a major strength. Operating cash flow surged during the boom years and has since come down, but it is still much stronger than it was at the start of the period. Importantly, Nucor has consistently produced positive free cash flow even while stepping up its spending on new plants and equipment. That combination—strong cash inflows plus rising investment—suggests the company is using past windfalls to modernize and expand rather than just relying on borrowing. The current level of cash flow looks sufficient to support both reinvestment and shareholder returns, with some cushion for industry downturns.

Competitive Edge

Competitive Edge Nucor holds a leading position in U.S. steel, built on low‑cost electric arc furnaces, a strong performance‑driven culture, and vertical integration into scrap and downstream products. Its cost structure and flexible production give it an edge when steel prices fall, helping it stay profitable while higher‑cost rivals struggle. The company has also pushed beyond basic commodity steel into higher‑value segments such as advanced automotive steels, engineered building systems, and custom service center solutions. A growing focus on low‑carbon and net‑zero steel differentiates Nucor with customers that care about sustainability. Key risks are the inherently cyclical nature of steel demand, global overcapacity, and sensitivity to construction, automotive, and infrastructure spending.

Innovation and R&D

Innovation and R&D For a steelmaker, Nucor is unusually forward‑leaning on technology and sustainability. It built its base on electric arc furnaces and is now investing in next‑generation processes such as carbon‑free iron, nuclear fusion, and small modular reactors to secure low‑carbon, low‑cost energy over the long term. At the same time, it is rolling out automation and artificial intelligence on the shop floor to improve efficiency, safety, and throughput. On the product side, offerings like net‑zero “Econiq” steel and specialized plate for offshore wind show an effort to align with the energy transition and high‑growth end markets. Many of these bets are long-dated and uncertain, but they underscore a clear strategy to stay at the front of technology and environmental trends in steel.

Summary

Nucor today looks like a financially strong, cycle‑tested steel producer that is coming off a period of exceptional profitability and moving into a more normal, but still healthy, phase. Its income statement reflects a comedown from peak conditions, but not a deterioration back to pre‑boom weakness. The balance sheet and cash flows appear robust enough to handle the ups and downs that are typical in steel. Competitively, Nucor enjoys structural advantages in cost, culture, and product mix, and it is actively investing to deepen its lead in sustainable and value‑added steels. The main watchpoints are the usual steel risks—economic cycles, pricing pressure, and project execution on big technology bets—against a backdrop of generally solid fundamentals and an ambitious innovation agenda.

NEWS

October 27, 2025 · 4:30 PM UTC

Nucor Reports Results for the Third Quarter of 2025

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October 14, 2025 · 9:00 AM UTC

Nucor Invites You to Join Its Third Quarter of 2025 Conference Call on the Web

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October 7, 2025 · 3:09 PM UTC

DB2RE Announces Sale of 46,000-SF Industrial Property Leased to Nucor Rebar

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September 26, 2025 · 12:28 PM UTC

The Nuclear Company Collaborating with Nucor to Promote the Rebuilding of the U.S. Nuclear Supply Chain

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September 17, 2025 · 4:30 PM UTC

Nucor Announces Guidance for the Third Quarter of 2025 Earnings

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