Nucor Financials

NUE

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Nucor (NUE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 49/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Nucor's revenue grew 5.7% year-over-year to $32.5B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage

Nucor carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Nucor's current ratio of 2.94 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Nucor generated $3.2B in operating cash flow, capex of $3.4B consumed most of it, leaving -$188.0M in free cash flow. This results in a low score of 24/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Nucor's ROE of 8.3% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 10.0% the prior year.

Piotroski F-Score Neutral

5/9

Nucor passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.85x

For every $1 of reported earnings, Nucor generates $1.85 in operating cash flow ($3.2B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$32.5B

YoY+5.7%

5Y CAGR+10.0%

10Y CAGR+7.1%

Nucor generated $32.5B in revenue in fiscal year 2025. This represents an increase of 5.7% from the prior year.

EBITDA

N/A

Net Income

$1.7B

YoY-14.0%

5Y CAGR+19.3%

10Y CAGR+36.0%

Nucor reported $1.7B in net income in fiscal year 2025. This represents a decrease of 14.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$188.0M

YoY-123.3%

Nucor generated -$188.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 123.3% from the prior year.

Cash & Debt

$2.3B

YoY-36.5%

5Y CAGR-3.1%

10Y CAGR+1.5%

Nucor held $2.3B in cash against $6.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.21

YoY+1.8%

5Y CAGR+6.5%

10Y CAGR+4.0%

Nucor paid $2.21 per share in dividends in fiscal year 2025. This represents an increase of 1.8% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

11.9%

YoY-1.4pp

5Y CAGR+0.9pp

10Y CAGR+5.2pp

Nucor's gross margin was 11.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.

Operating Margin

N/A

Net Margin

5.4%

YoY-1.2pp

5Y CAGR+1.8pp

10Y CAGR+4.9pp

Nucor's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity

8.3%

YoY-1.7pp

5Y CAGR+1.6pp

10Y CAGR+7.2pp

Nucor's ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$700.0M

YoY-68.4%

5Y CAGR+77.7%

10Y CAGR+26.5%

Nucor spent $700.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 68.4% from the prior year.

Capital Expenditures

$3.4B

YoY+7.8%

5Y CAGR+17.3%

10Y CAGR+24.8%

Nucor invested $3.4B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 7.8% from the prior year.

NUE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$32.5B+5.7%	$30.7B-11.5%	$34.7B-16.4%	$41.5B+13.8%	$36.5B+81.2%	$20.1B
Cost of Revenue	$28.6B+7.4%	$26.6B-1.0%	$26.9B-7.3%	$29.0B+13.9%	$25.5B+42.1%	$17.9B
Gross Profit	$3.9B-5.5%	$4.1B-47.5%	$7.8B-37.5%	$12.5B+13.4%	$11.0B+394.9%	$2.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2B+8.5%	$1.1B-29.1%	$1.6B-20.6%	$2.0B+17.0%	$1.7B+177.5%	$615.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$170.0M-25.4%	$228.0M-7.3%	$246.0M+12.3%	$219.0M+34.3%	$163.1M-2.1%	$166.6M
Income Tax	$530.0M-9.1%	$583.0M-57.1%	$1.4B-37.2%	$2.2B+4.2%	$2.1B+424281.2%	-$490K
Net Income	$1.7B-14.0%	$2.0B-55.2%	$4.5B-40.5%	$7.6B+11.4%	$6.8B+846.3%	$721.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$8.5B+0.8%	$8.5B+8.0%	$7.8B+10.7%	$7.1B-4.9%	$7.4B-7.8%	$8.1B-0.7%	$8.1B+5.6%	$7.7B
Cost of Revenue	$7.3B+1.4%	$7.2B+0.1%	$7.2B	N/A	$6.7B-2.9%	$6.9B+4.1%	$6.6B	N/A
Gross Profit	$1.2B-2.9%	$1.2B+102.1%	$605.0M-3.5%	$627.0M-17.3%	$758.0M-36.5%	$1.2B-21.6%	$1.5B+9.3%	$1.4B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$300.0M-1.3%	$304.0M+8.2%	$281.0M	N/A	$244.0M-17.0%	$294.0M-14.8%	$345.0M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$38.0M-22.4%	$49.0M-3.9%	$51.0M	N/A	$65.0M-3.0%	$67.0M+55.8%	$43.0M	N/A
Income Tax	$200.0M+3.6%	$193.0M+227.1%	$59.0M	N/A	$86.0M-53.8%	$186.0M-30.1%	$266.0M	N/A
Net Income	$607.0M+0.7%	$603.0M+286.5%	$156.0M-45.6%	$287.0M+14.8%	$250.0M-61.2%	$645.0M-23.7%	$845.0M+7.6%	$785.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NUE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$35.1B+3.4%	$33.9B-4.0%	$35.3B+8.8%	$32.5B+25.8%	$25.8B+28.3%	$20.1B
Current Assets	$11.8B-5.7%	$12.5B-23.9%	$16.4B+11.5%	$14.7B+14.8%	$12.8B+34.9%	$9.5B
Cash & Equivalents	$2.3B-36.5%	$3.6B-44.3%	$6.4B+49.1%	$4.3B+81.0%	$2.4B-10.4%	$2.6B
Inventory	$5.5B+7.0%	$5.1B-8.5%	$5.6B+2.3%	$5.5B-9.3%	$6.0B+68.4%	$3.6B
Accounts Receivable	$3.1B+16.1%	$2.7B-9.4%	$3.0B-17.8%	$3.6B-6.8%	$3.9B+67.6%	$2.3B
Goodwill	$4.3B+0.2%	$4.3B+8.0%	$4.0B+1.3%	$3.9B+38.6%	$2.8B+26.8%	$2.2B
Total Liabilities	$13.0B+3.6%	$12.5B-5.3%	$13.2B+2.4%	$12.9B+15.1%	$11.2B+26.2%	$8.9B
Current Liabilities	$4.0B-19.5%	$5.0B+8.3%	$4.6B+6.1%	$4.3B-16.0%	$5.2B+96.3%	$2.6B
Long-Term Debt	$6.9B+21.6%	$5.7B-14.5%	$6.6B+0.5%	$6.6B+33.3%	$5.0B-5.9%	$5.3B
Total Equity	$20.9B+3.2%	$20.3B-3.1%	$20.9B+13.7%	$18.4B+31.4%	$14.0B+29.9%	$10.8B
Retained Earnings	$31.5B+4.1%	$30.3B+5.2%	$28.8B+16.2%	$24.8B+40.1%	$17.7B+55.8%	$11.3B

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$34.8B+1.6%	$34.2B-1.4%	$34.7B+2.2%	$33.9B-1.2%	$34.3B+0.5%	$34.2B+0.7%	$33.9B-4.0%	$35.3B
Current Assets	$11.8B+0.8%	$11.7B-8.2%	$12.8B+2.3%	$12.5B-7.7%	$13.5B-5.2%	$14.3B-2.6%	$14.6B-10.6%	$16.4B
Cash & Equivalents	$2.2B+14.1%	$1.9B-38.3%	$3.2B-11.3%	$3.6B-16.5%	$4.3B-8.1%	$4.6B+1.8%	$4.6B-28.6%	$6.4B
Inventory	$5.4B-1.3%	$5.5B+3.9%	$5.3B+2.9%	$5.1B-0.4%	$5.1B-2.5%	$5.3B-6.0%	$5.6B+0.2%	$5.6B
Accounts Receivable	$3.3B-3.0%	$3.4B+14.3%	$3.0B+10.8%	$2.7B-9.3%	$2.9B-5.3%	$3.1B-1.4%	$3.2B+6.9%	$3.0B
Goodwill	$4.3B-0.1%	$4.3B+0.3%	$4.3B0.0%	$4.3B+0.3%	$4.3B+6.8%	$4.0B+1.1%	$4.0B-0.3%	$4.0B
Total Liabilities	$12.8B+0.9%	$12.7B-6.3%	$13.6B+8.5%	$12.5B-2.1%	$12.8B+3.0%	$12.4B+1.7%	$12.2B-7.6%	$13.2B
Current Liabilities	$4.3B+2.7%	$4.1B-18.0%	$5.1B+1.6%	$5.0B-4.6%	$5.2B+7.2%	$4.9B+33.4%	$3.6B-20.7%	$4.6B
Long-Term Debt	$6.7B-0.1%	$6.7B0.0%	$6.7B+17.7%	$5.7B0.0%	$5.7B+0.6%	$5.6B-15.0%	$6.6B0.0%	$6.6B
Total Equity	$20.8B+1.9%	$20.4B+1.6%	$20.1B-1.1%	$20.3B-0.9%	$20.5B-1.2%	$20.7B+0.1%	$20.7B-1.2%	$20.9B
Retained Earnings	$31.3B+1.6%	$30.8B+1.6%	$30.3B+0.1%	$30.3B+0.5%	$30.1B+0.4%	$30.0B+1.7%	$29.5B+2.5%	$28.8B

NUE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.2B-18.7%	$4.0B-44.1%	$7.1B-29.4%	$10.1B+61.6%	$6.2B+131.0%	$2.7B
Capital Expenditures	$3.4B+7.8%	$3.2B+43.3%	$2.2B+13.7%	$1.9B+20.1%	$1.6B+5.1%	$1.5B
Free Cash Flow	-$188.0M-123.3%	$806.0M-83.5%	$4.9B-39.7%	$8.1B+76.3%	$4.6B+299.5%	$1.2B
Investing Cash Flow	-$3.2B+13.6%	-$3.7B-49.6%	-$2.5B+56.2%	-$5.7B-98.4%	-$2.9B-62.9%	-$1.8B
Financing Cash Flow	-$1.3B+57.0%	-$3.1B-17.9%	-$2.6B-3.3%	-$2.5B+30.3%	-$3.6B-1360.4%	$285.9M
Dividends Paid	$512.0M-1.9%	$522.0M+1.4%	$515.0M-3.6%	$534.0M+10.5%	$483.5M-1.7%	$491.7M
Share Buybacks	$700.0M-68.4%	$2.2B+42.7%	$1.6B-43.8%	$2.8B-15.7%	$3.3B+8194.1%	$39.5M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$1.3B+82.9%	$732.0M+101.1%	$364.0M-50.3%	$733.0M-43.7%	$1.3B-12.4%	$1.5B+222.8%	$460.0M-69.7%	$1.5B
Capital Expenditures	$807.0M-15.4%	$954.0M+11.1%	$859.0M-2.3%	$879.0M+6.8%	$823.0M+2.7%	$801.0M+19.6%	$670.0M-6.7%	$717.8M
Free Cash Flow	$532.0M+339.6%	-$222.0M+55.2%	-$495.0M-239.0%	-$146.0M-130.5%	$478.0M-30.1%	$684.0M+425.7%	-$210.0M-126.2%	$802.6M
Investing Cash Flow	-$786.0M-44.8%	-$543.0M+54.0%	-$1.2B-22.4%	-$964.0M+17.5%	-$1.2B-64.4%	-$711.0M+20.1%	-$890.0M-35.8%	-$655.5M
Financing Cash Flow	-$273.0M+80.6%	-$1.4B-440.6%	$414.0M+189.8%	-$461.0M+9.6%	-$510.0M+26.2%	-$691.0M+50.5%	-$1.4B-300.4%	-$348.7M
Dividends Paid	$127.0M-1.6%	$129.0M0.0%	$129.0M+0.8%	$128.0M-1.5%	$130.0M0.0%	$130.0M-3.0%	$134.0M+5.5%	$127.0M
Share Buybacks	$100.0M-50.0%	$200.0M-33.3%	$300.0M-5.1%	$316.0M-21.0%	$400.0M-20.0%	$500.0M-50.0%	$1.0B+464.8%	$177.2M

NUE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	11.9%-1.4pp	13.4%-9.2pp	22.5%-7.6pp	30.1%-0.1pp	30.2%+19.2pp	11.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.4%-1.2pp	6.6%-6.4pp	13.0%-5.3pp	18.3%-0.4pp	18.7%+15.1pp	3.6%
Return on Equity	8.3%-1.7pp	10.0%-11.6pp	21.6%-19.7pp	41.3%-7.4pp	48.7%+42.0pp	6.7%
Return on Assets	5.0%-1.0pp	6.0%-6.8pp	12.8%-10.6pp	23.4%-3.0pp	26.4%+22.9pp	3.6%
Current Ratio	2.94+0.4	2.51-1.1	3.57+0.2	3.39+0.9	2.48-1.1	3.61
Debt-to-Equity	0.33+0.0	0.28-0.0	0.32-0.0	0.360.0	0.35-0.1	0.49
FCF Margin	-0.6%-3.2pp	2.6%-11.5pp	14.1%-5.5pp	19.6%+6.9pp	12.6%+6.9pp	5.7%

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	13.9%-0.5pp	14.5%+6.7pp	7.7%-1.1pp	8.9%-1.3pp	10.2%-4.6pp	14.8%-3.9pp	18.7%+0.6pp	18.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.1%-0.0pp	7.1%+5.1pp	2.0%-2.1pp	4.1%+0.7pp	3.4%-4.6pp	8.0%-2.4pp	10.4%+0.2pp	10.2%
Return on Equity	2.9%-0.0pp	3.0%+2.2pp	0.8%-0.6pp	1.4%+0.2pp	1.2%-1.9pp	3.1%-1.0pp	4.1%+0.3pp	3.8%
Return on Assets	1.8%0.0pp	1.8%+1.3pp	0.4%-0.4pp	0.9%+0.1pp	0.7%-1.2pp	1.9%-0.6pp	2.5%+0.3pp	2.2%
Current Ratio	2.77-0.1	2.83+0.3	2.52+0.0	2.51-0.1	2.59-0.3	2.93-1.1	4.02+0.4	3.57
Debt-to-Equity	0.320.0	0.330.0	0.33+0.1	0.280.0	0.280.0	0.27-0.0	0.320.0	0.32
FCF Margin	6.2%+8.9pp	-2.6%+3.7pp	-6.3%-4.3pp	-2.1%-8.5pp	6.4%-2.1pp	8.5%+11.1pp	-2.6%-13.0pp	10.4%

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Frequently Asked Questions

What is Nucor's annual revenue?

Nucor (NUE) reported $32.5B in total revenue for fiscal year 2025. This represents a 5.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nucor's revenue growing?

Nucor (NUE) revenue grew by 5.7% year-over-year, from $30.7B to $32.5B in fiscal year 2025.

Is Nucor profitable?

Yes, Nucor (NUE) reported a net income of $1.7B in fiscal year 2025, with a net profit margin of 5.4%.

How much debt does Nucor have?

As of fiscal year 2025, Nucor (NUE) had $2.3B in cash and equivalents against $6.9B in long-term debt.

What is Nucor's gross margin?

Nucor (NUE) had a gross margin of 11.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nucor's net profit margin?

Nucor (NUE) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Nucor pay dividends?

Yes, Nucor (NUE) paid $2.21 per share in dividends during fiscal year 2025.

What is Nucor's return on equity (ROE)?

Nucor (NUE) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nucor's free cash flow?

Nucor (NUE) generated -$188.0M in free cash flow during fiscal year 2025. This represents a -123.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nucor's operating cash flow?

Nucor (NUE) generated $3.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nucor's total assets?

Nucor (NUE) had $35.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nucor's capital expenditures?

Nucor (NUE) invested $3.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Nucor buy back shares?

Yes, Nucor (NUE) spent $700.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Nucor's current ratio?

Nucor (NUE) had a current ratio of 2.94 as of fiscal year 2025, which is generally considered healthy.

What is Nucor's debt-to-equity ratio?

Nucor (NUE) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nucor's return on assets (ROA)?

Nucor (NUE) had a return on assets of 5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nucor's Piotroski F-Score?

Nucor (NUE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nucor's earnings high quality?

Nucor (NUE) has an earnings quality ratio of 1.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Nucor?

Nucor (NUE) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.