FirmAtlas
Company handbook · NUE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
NUE · CIK 73309 · LATEST FILING: 10-Q JUL '26 · FILED AUG 12, 2026
NUCOR CORPORATION
$256.29
+1.60 (+0.63%)
Close, Oct 16, 2026 · 52-week $131–280
Nucor makes steel, mostly from recycled scrap in electric arc furnaces, and steel products such as joists and deck, rebar, pipe and metal buildings. It also produces and buys scrap and other raw materials, mostly for its own mills.
Business
- SegmentsSteel Mills 62% · Steel Products 32% · Raw Materials 7% (FY25)
- CustomersSteel service centers, fabricators and manufacturers, mostly in the U.S., Canada and Mexico; sold mainly by its own sales force. Main end markets: construction, durable goods and capital equipment
- Cash useFY24–FY25: capex $6.6B · buybacks $2.9B · dividends $1.0B · acquisitions $760M
Reinvested 102% of operating cash flow · returned 639% of free cash flow
Last fiscal year
NUCOR CORPORATION reported revenue of $32.5B for the year ended Dec 31, 2025 (FY25), up 5.7% from FY24. Net income was $1.7B, operating cash flow $3.2B and free cash flow −$188M. Source: 10-K filed Feb 25, 2026.
Market cap
$59.2B
P/E
20.5
EV/EBITDA
16.5x
P/B
2.7
Div yield
0.87%
ROIC
8.9%
Revenue 1Y
5.7%/yr
EPS 1Y
−11.1%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOLeon J. Topalian
HQCharlotte, NC
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Revenue by segment · FY25
Steel Mills62%
Steel Products32%
Raw Materials7%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
18.5%
20.3%
19.8%
93.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$11.3B deployed
Capex
$6.6B
58.3%
Acquisitions
$760M
6.7%
Dividends
$1.0B
9.1%
Buybacks
$2.9B
25.8%
Operating cash flow over the period: $7.2B. Total debt changed by +$1.2B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jul '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
30,734
32,494+5.7%
36,101
YoY
+5.7%
Gross profit
4,102
3,878−5.5%
5,585
Gross margin
13.3%
11.9%−1.4 pp
—
Operating income
2,872
2,627−8.5%
—
Operating margin
9.3%
8.1%−1.3 pp
—
EBITDA
3,966
3,853−2.8%
—
EBITDA margin
12.9%
11.9%−1.0 pp
—
Interest expense
228
170−25.4%
—
Interest coverage
17.39x
22.66x+5.27x
—
Net income
2,027
1,744−14.0%
2,884
YoY
−14.0%
Net margin
6.6%
5.4%−1.2 pp
—
EPS (diluted, $)
8.46
7.52−11.1%
12.54
YoY
−11.1%
Balance sheet
Total assets
33,940
35,104+3.4%
36,954
Cash & short-term investments
4,139
2,699−34.8%
—
Accounts receivable
2,675
3,105+16.1%
—
Inventory
5,106
5,462+7.0%
—
Net PP&E
13,243
15,306+15.6%
—
Other assets
8,777
8,532−2.8%
—
Total liabilities
13,646
14,168+3.8%
14,845
Accounts payable
1,832
1,890+3.2%
—
Total debt
5,683
6,909+21.6%
6,389
Other liabilities
6,131
5,369−12.4%
—
Shareholders’ equity
20,294
20,936+3.2%
22,109
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,979
3,234−18.7%
4,424
Net income
2,319
2,038−12.1%
—
Depreciation & amortization
1,094
1,226+12.1%
—
Stock-based compensation
132
133+0.8%
—
Working capital & other
434
(163)−137.6%
—
Cash from investing
(3,734)
(3,226)n/m
—
Capex
(3,173)
(3,422)n/m
—
PP&E sold
17
45+164.7%
—
Acquisitions
(758)
(2)n/m
—
Investments bought
(1,296)
(985)n/m
—
Investments sold / matured
1,487
1,140−23.3%
—
Other investing
(11)
(2)n/m
—
Cash from financing
(3,058)
(1,315)n/m
—
Debt raised
997
1,217+22.1%
—
Debt repaid
(10)
(1,015)n/m
—
Dividends
(522)
(512)n/m
—
Buybacks
(2,217)
(700)n/m
—
Shares issued
4
5+25.0%
—
Other financing
(1,310)
(310)n/m
—
Net change in cash
(2,829)
(1,298)n/m
—
Free cash flow (OCF − capex)
806
(188)−123.3%
1,583
Where the cash went
Operating cash flow
3,979
3,234−18.7%
4,424
Reinvested in the business
3,931
3,424−12.9%
—
% of operating cash flow
98.8%
105.9%
Capex
3,173
3,422+7.8%
2,841
Acquisitions
758
2−99.7%
—
Free cash flow
806
(188)−123.3%
1,583
YoY
−123.3%
Returned to shareholders
2,739
1,212−55.8%
—
% of free cash flow
339.8%
—
Dividends
522
512−1.9%
—
Buybacks
2,217
700−68.4%
—
Change in total debt
—
1,226
—
Cash left over
—
(176)
—
FCF conversion (FCF ÷ net income)
39.8%
−10.8%−50.5 pp
—
Owner earnings
—
(1,180)
—
Owner earnings margin
—
−3.6%
—
Buyback yield
8.0%
1.9%−6.1 pp
—
Returns & ratios
ROIC (all capital)
10.5%
8.9%−1.6 pp
—
ROIC (operating)
12.0%
10.1%−1.8 pp
—
Net debt / EBITDA
0.39x
1.09x+0.70x
—
Debt / equity
0.28x
0.33x+0.05x
—
Cash conversion cycle (days)
77
80+4 d
—
ROE
10.0%
8.3%−1.7 pp
—
ROA
6.0%
5.0%−1.0 pp
—
ROCE
9.9%
8.4%−1.5 pp
—
NOPAT
2,295
2,085−9.2%
—
Invested capital (operating)
19,192
21,983+14.5%
—
Invested capital (all)
21,838
25,146+15.1%
—
Reinvestment rate
—
133.9%
—
Debtor days
32
35+3 d
—
Inventory days
70
70−0 d
—
Days payable
25
24−1 d
—
Income
Oct '25
Dec '25
Apr '26
Jul '26
Revenue
8,521
7,687
9,496
10,397
vs year-ago quarter
Gross profit
1,188
862
1,501
2,034
Gross margin
13.9%
11.2%
15.8%
19.6%
Net income
607
378
743
1,156
vs year-ago quarter
Net margin
7.1%
4.9%
7.8%
11.1%
EPS (diluted, $)
2.63
1.64
3.23
5.04
vs year-ago quarter
Balance sheet
Oct '25
Dec '25
Apr '26
Jul '26
Total assets
34,776
35,104
35,635
36,954
Cash & equivalents
2,221
2,699
2,226
2,478
Total debt
6,686
6,909
6,877
6,389
Shareholders’ equity
20,770
20,936
21,453
22,109
Cash flow
Oct '25
Dec '25
Apr '26
Jul '26
Operating cash flow
1,339
799
886
1,400
Capex
807
802
661
571
Free cash flow
532
(3)
225
829
vs year-ago quarter