Nucor Corporation (NUE) financials
NYSE · Basic Materials · Steel · 33,000 employees · CEO Leon J. Topalian
- Price
- $273.87 -0.52%
- Market cap
- $62.1B
- Enterprise value
- $65.8B
- Last report
- Q3 '26 filed 2026-10-26
- Next report
- 2027-01-25 EPS est. $5.62
Revenue (TTM)$38.8B+21.8% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)13.3%+5.4 pp vs a year agoOperating income $5.15B
Net income (TTM)$3.6B+117.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$2.66B+903.6% vs a year agoCapex $2.66B
Diluted EPS (TTM)$15.71+120.6% vs a year agoSum of the last 4 quarters
Net cash-$3.45B+15.9% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $62.1B EV $65.8B
- Revenue
- $38.8B Trailing 12 months
- Revenue growth
- +27% FY2026 consensus
- Profit margin
- 9.3% Net income / revenue, TTM
- P/E
- 17.4× Forward 13.9× (FY2026)
- P/S
- 1.6× Price / sales, TTM
- EV / EBITDA
- 9.8× TTM
- Free cash flow
- $2.66B Trailing 12 months
- Net income
- $3.6B Trailing 12 months
- Revenue estimate
- $41.4B FY2026 consensus
- Earnings
- 2027-01-25 Revenue est. $10.3B
- Dividend
- $2.24 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-26): revenue beat by 3.8%, EPS missed by 0.7%Revenue $11.2B vs $10.8B expected (+3.8%); EPS $5.80 vs $5.84 (-0.7%).
- Revenue growth accelerating: 32.0% year on yearQ3 '26 revenue $11.2B, against an average of 16.8% over the four quarters before.
- Operating margin 13.3% (TTM), +5.4 pp on a year agoOperating income grew 104.3% while revenue grew 21.8%.
- Capex 6.9% of revenue (a year ago 11.0%)$2.66B invested in the last 4 quarters (-23.9% on a year earlier). Free cash flow $2.66B = 73.9% of net income.
- Returned $1.59B to shareholders = 60.0% of free cash flowBuybacks $1.08B (a year earlier $915M), dividends $513M, stock-based pay $99M (TTM).
- Diluted share count down 2.0% in a year227M diluted shares in Q3 '26, 231M a year earlier.
- Net debt $3.45BCash + short-term investments $3.64B, debt incl. leases $7.09B; a year ago net debt $4.11B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $11.2B | $8.52B | +32.0% |
| Gross margin | 20.7% | 13.9% | +6.7 pp |
| Operating income | $1.87B | $888M | +110.0% |
| Operating margin | 16.6% | 10.4% | +6.2 pp |
| Net income | $1.32B | $607M | +117.3% |
| Diluted EPS | $5.80 | $2.63 | +120.5% |
| Operating cash flow | $2.24B | $1.34B | +67.0% |
| Capex | $629M | $807M | -22.1% |
| Free cash flow | $1.61B | $532M | +202.1% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $38M | $24M | +58.3% |
Reported vs consensus
2026-10-26| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $11.2B | $10.8B | +3.8% |
| EPS (as estimated) | $5.80 | $5.84 | -0.7% |
From the report of 2026-10-26 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Sheet | $2.79B | +26.3% | 32.1% | – | – | |
| Bar | $1.69B | +13.2% | 19.4% | – | – | |
| Steel Products | $988M | +15.3% | 11.3% | – | – | |
| Plate | $703M | +25.1% | 8.1% | – | – | |
| Structural | $853M | +32.5% | 9.8% | – | – | |
| Rebar Fabrication | $479M | +17.4% | 5.5% | – | – | |
| Tubular Products | $528M | +45.1% | 6.1% | – | – | |
| Raw Materials | $674M | +30.1% | 7.7% | – | – |
Revenue by region
share of total| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| All Other | $464M | +12,183.3% | 100.0% | $720M | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $5.32B
- Capex
- -$2.66B
- Buybacks
- -$1.08B
- Dividends
- -$513M
- Acquisitions
- $4M
- Net debt issued
- $176M
- Stock-based compensation
- $99M
- Free cash flow
- $2.66B
- Returned to shareholders / FCF
- 60.0%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 17.4× | 10.9× | 4.6× – 21.7× |
| EV / EBITDA | 9.8× | 5.9× | 3.2× – 10.1× |
| EV / Sales | 1.7× | 1.1× | 0.9× – 1.3× |
| Price / FCF | 23.4× | 13.7× 4 of 5 years | 4.3× – 34.5× |
| Price / Book | 2.7× | 1.9× | 1.4× – 2.4× |
| FCF yield | 4.3% | 10.2% | -0.5% – 23.5% |
| Return on invested capital | 12.3% | 18.7% | 6.7% – 33.7% |
| Return on equity | 16.5% | 26.0% | 8.3% – 48.7% |
Analysts
Consensus target $300.14 (+9.6%)
range $270.00 – $335.00 · rating Buy
Strong buy0
Buy20
Hold10
Sell3
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $41.4B | +27.3% | $19.69 | +161.8% | 13.9× | 7 |
| FY2027 | $42.9B | +3.8% | $21.20 | +7.7% | 12.9× | 10 |
| FY2028 | $42.5B | -1.0% | $18.07 | -14.7% | 15.2× | 6 |
| FY2029 | $42.8B | +0.7% | $20.43 | +13.1% | 13.4× | 3 |
| FY2030 | $39.6B | -7.5% | $18.50 | -9.5% | 14.8× | 2 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 266 figures Nucor Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2.36B | $2.18B | +8.0% | $1.89B | $1.83B | +3.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $4.05B | $3.39B | +19.4% | $3.11B | $2.68B | +16.1% |
| Accounts Receivable, Allowance for Credit Loss, Current | $81M2025-12-31 | $115M | -29.6% | $81M | $115M | -29.6% |
| Accrued Liabilities, Current | $1.18B | $1.03B | +14.4% | $1.02B | $975M | +4.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $13.9B | $13.2B | +5.5% | $13.4B | $12.6B | +6.0% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | -$5M | -$11M | +54.5% | -$5M | -$11M | +54.5% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$217M | -$180M | -20.6% | -$186M | -$220M | +15.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$214M | -$167M | -28.1% | -$194M | -$208M | +6.7% |
| Additional Paid in Capital, Common Stock | $2.21B | $2.21B | -0.3% | $2.25B | $2.22B | +1.3% |
| Amortization | $63M | $63M | 0.0% | $254M | $262M | -3.1% |
| Amortization of Intangible Assets | $63M | $63M | 0.0% | $254M | $262M | -3.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 13K | 129K | -89.9% | 164K | 35K | +368.6% |
| APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition | $4M | $4M | 0.0% | $5M | $5M | 0.0% |
| Asset Impairment Charges | $0 | $8M | -100.0% | $66.9M2019-12-31 | $110M | -39.2% |
| Assets | $37B | $34.2B | +8.0% | $35.1B | $33.9B | +3.4% |
| Assets, Current | $13.2B | $11.7B | +12.3% | $11.8B | $12.5B | -5.7% |
| Cash and Cash Equivalents, at Carrying Value | $2.48B | $1.95B | +27.3% | $2.26B | $3.56B | -36.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $2.48B | $1.95B | +27.3% | $2.26B | $3.56B | -36.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $252M | -$1.21B | +120.8% | -$1.3B | -$2.83B | +54.1% |
| Common Stock, Dividends, Per Share, Declared | $0.56 | $0.55 | +1.8% | $2.21 | $2.17 | +1.8% |
| Common Stock, Par or Stated Value Per Share | $0.402025-12-31 | $0.40 | 0.0% | $0.40 | $0.40 | 0.0% |
| Common Stock, Shares Authorized | 800M2025-12-31 | 800M | 0.0% | 800M | 800M | 0.0% |
| Common Stock, Shares, Issued | 380M2025-12-31 | 380M | 0.0% | 380M | 380M | 0.0% |
| Common Stock, Value, Issued | $152M | $152M | 0.0% | $152M | $152M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $124M | $103M | +20.4% | $294M | $292M | +0.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.15B | $634M | +81.1% | $1.76B | $1.98B | -11.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.27B | $737M | +72.6% | $2.05B | $2.27B | -9.7% |
| Contract with Customer, Liability, Current | $256M | $225M | +13.8% | $243M | $200M | +21.5% |
| Contract with Customer, Liability, Revenue Recognized | – | – | – | $119M | $177M | -32.8% |
| Cost of Goods and Services Sold | $8.36B | $7.23B | +15.6% | $28.6B | $26.6B | +7.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $306M | $587M | -47.9% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $24M | $35M | -31.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $369M | $699M | -47.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $39M | $77M | -49.4% |
| Debt Instrument, Unamortized Discount (Premium), Net | $159M2025-12-31 | $165M | -3.6% | $159M | $165M | -3.6% |
| Debt Issuance Costs, Net | $32M2025-12-31 | $28M | +14.3% | $32M | $28M | +14.3% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $145M | -$108M | +234.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $1M | -$1M | +200.0% |
| Deferred Income Tax Expense (Benefit) | -$27M | $14M | -292.9% | $161M | -$116M | +238.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $15M | -$7M | +314.3% |
| Deferred Tax and Other Liabilities, Noncurrent | $2.05B | $1.89B | +8.8% | $2.07B | $1.86B | +11.0% |
| Deferred Tax Assets, Gross | $540M2025-12-31 | $693M | -22.1% | $540M | $693M | -22.1% |
| Deferred Tax Assets, Hedging Transactions | $4M2025-12-31 | $0 | – | $4M | $0 | – |
| Deferred Tax Assets, in Process Research and Development | $12M2025-12-31 | $207M | -94.2% | $12M | $207M | -94.2% |
| Deferred Tax Assets, Inventory | $83M2025-12-31 | $87M | -4.6% | $83M | $87M | -4.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $26M | $33M | -21.2% | $30M | $44M | -31.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $134M2025-12-31 | $113M | +18.6% | $134M | $113M | +18.6% |
| Deferred Tax Assets, Other | $18M2025-12-31 | $14M | +28.6% | $18M | $14M | +28.6% |
| Deferred Tax Assets, Tax Credit Carryforwards | $255M2025-12-31 | $127M | +100.8% | $255M | $127M | +100.8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits | $12M2025-12-31 | $9M | +33.3% | $12M | $9M | +33.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $35M2025-12-31 | $40M | -12.5% | $35M | $40M | -12.5% |
| Deferred Tax Assets, Valuation Allowance | $275M2025-12-31 | $152M | +80.9% | $275M | $152M | +80.9% |
| Deferred Tax Liabilities, Deferred Expense, Debt Issuance Costs | $41M2025-12-31 | $44M | -6.8% | $41M | $44M | -6.8% |
| Deferred Tax Liabilities, Derivatives | $02025-12-31 | $1M | -100.0% | $0 | $1M | -100.0% |
| Deferred Tax Liabilities, Gross | $1.89B2025-12-31 | $1.89B | +0.2% | $1.89B | $1.89B | +0.2% |
| Deferred Tax Liabilities, Intangible Assets | $681M2025-12-31 | $690M | -1.3% | $681M | $690M | -1.3% |
| Deferred Tax Liabilities, Net | $1.32B | $1.21B | +9.1% | $1.35B | $1.19B | +13.2% |
| Deferred Tax Liabilities, Other | $50M2025-12-31 | $53M | -5.7% | $50M | $53M | -5.7% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.1B2025-12-31 | $1.09B | +1.7% | $1.1B | $1.09B | +1.7% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | – | – | – | 5.6% | 5.7% | -1.8% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-04, 10-Q 2026-04-04, 10-K 2025-12-31, 10-Q 2025-10-04, 10-Q 2025-07-05, 10-Q 2025-04-05, 10-K 2024-12-31, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-02