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Nucor Corporation engages in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, as well as engages in the steel trading and rebar distribution businesses. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for use in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. Nucor Corporation was founded in 1905 and is based in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $32.5B | $4.2B | $1.7B | $-188M | 8.3% | 5.7% | -14.0% |
| 2024 | $30.7B | $4.5B | $2.0B | $806M | 10.0% | -11.5% | -55.2% |
| 2023 | $34.7B | $7.7B | $4.5B | $4.9B | 21.6% | -16.4% | -40.5% |
| 2022 | $41.5B | $11.6B | $7.6B | $8.1B | 41.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 41,512 | 34,714 | 30,734 | 32,494 |
| Operating Revenue | - | 41,512 | 34,714 | 30,734 | 32,494 |
| Cost Of Revenue | - | 29,009 | 26,899 | 26,632 | 28,616 |
| Gross Profit | - | 12,503 | 7,815 | 4,102 | 3,878 |
| Operating Expense | - | 1,997 | 1,585 | 1,123 | 1,219 |
| Selling General And Administration | - | 1,997 | 1,585 | 1,123 | 1,219 |
| Total Expenses | - | 31,006 | 28,484 | 27,755 | 29,835 |
| Operating Income | - | 10,506 | 6,230 | 2,979 | 2,659 |
| EBITDA | - | 11,568 | 7,688 | 4,486 | 4,218 |
| Normalized EBITDA | - | 11,670 | 7,688 | 4,623 | 4,285 |
| EBIT | - | 10,506 | 6,519 | 3,130 | 2,738 |
| Interest Income | - | 48.70 | 276 | 258 | 111 |
| Interest Expense | - | 218.91 | 246 | 228 | 170 |
| Net Interest Income | - | -170 | 30 | 30 | -59 |
| Other Income Expense | - | -91 | 13 | -107 | -32 |
| Interest Income Non Operating | - | 48.70 | 276 | 258 | 111 |
| Interest Expense Non Operating | - | 218.91 | 246 | 228 | 170 |
| Net Non Operating Interest Income Expense | - | -170 | 30 | 30 | -59 |
| Pretax Income | - | 10,245 | 6,273 | 2,902 | 2,568 |
| Tax Provision | - | 2,166 | 1,360 | 583 | 530 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -21.55 | 0 | -27.52 | -13.83 |
| Net Income Continuous Operations | - | 8,079 | 4,913 | 2,319 | 2,038 |
| Net Income From Continuing And Discontinued Operation | - | 7,607 | 4,525 | 2,027 | 1,744 |
| Net Income From Continuing Operation Net Minority Interest | - | 7,607 | 4,525 | 2,027 | 1,744 |
| Net Income | - | 7,607 | 4,525 | 2,027 | 1,744 |
| Net Income Common Stockholders | - | 7,607 | 4,508 | 2,018 | 1,737 |
| Net Income Including Noncontrolling Interests | - | 8,079 | 4,913 | 2,319 | 2,038 |
| Normalized Income | - | 7,687.45 | 4,525 | 2,136.48 | 1,797.17 |
| Diluted NI Availto Com Stockholders | - | 7,607 | 4,508 | 2,018 | 1,737 |
| Basic Average Shares | - | 262.35 | 249.77 | 238.30 | 230.70 |
| Diluted Average Shares | - | 263.18 | 250.41 | 238.50 | 230.90 |
| Reconciled Depreciation | - | 1,062 | 1,169 | 1,356 | 1,480 |
| Reconciled Cost Of Revenue | - | 29,009 | 26,899 | 26,632 | 28,616 |
| Total Unusual Items | - | -102 | 0 | -137 | -67 |
| Total Unusual Items Excluding Goodwill | - | -102 | 0 | -137 | -67 |
| Minority Interests | - | -472 | -388 | -292 | -294 |
| Special Income Charges | - | -102 | 0 | -137 | -67 |
| Write Off | - | 102 | 0 | 137 | 67 |
| Impairment Of Capital Assets | 62.16 | 101.76 | 0 | - | - |
| Total Other Finance Cost | - | 170 | - | - | - |
| Otherunder Preferred Stock Dividend | - | 31.17 | 17 | 9 | 7 |
| Earnings From Equity Interest | - | 11 | 13 | 30 | 35 |
| Average Dilution Earnings | 0.12 | 0.12 | 0.05 | - | - |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Nucor Corporationthis co. | NUE | $59.7B | 34.25 | 2.85 | 8.3% | 15.31 |
| The Sherwin-Williams Company | SHW | $74.0B | 28.82 | 16.10 | 55.9% | 19.36 |
| Ecolab Inc. | ECL | $71.6B | 34.49 | 7.33 | 21.2% | 20.87 |
| CRH plc | CRH | $71.2B | 19.09 | 2.97 | 15.5% | 11.17 |
| Air Products and Chemicals, Inc. | APD | $63.0B | -159.66 |
| - |
| - |
| - |
| - |
| - |
| 4.19 |
| -2.6% |
| 59.47 |
| Corteva, Inc. | CTVA | $51.8B | 47.36 | 2.15 | 4.5% | 16.23 |
| Steel Dynamics, Inc. | STLD | $39.9B | 33.68 | 4.46 | 13.2% | 20.51 |
| Vulcan Materials Company | VMC | $36.7B | 34.11 | 4.31 | 12.6% | 17.57 |
| Martin Marietta Materials, Inc. | MLM | $34.9B | 30.68 | 3.48 | 11.3% | 19.36 |
| Peer Median | - | 32.18 | 4.25 | 12.9% | 19.36 | |