Nucor Corporation
- Open
- 232.08
- Day high
- 237.60
- Day low
- 231.13
- Prev close
- 235.67
- Volume
- 1.5M
- Mkt cap
- $53.9B
- P/E (TTM)
- 23.4
- EPS (TTM)
- $10.11
- P/B
- 2.5
- P/S
- 1.6
- Yield
- 0.94%
- Per share
- $2.23
- ▼Insiders net selling -$29.6M over the last 3 months (0 open-market buys, 17 sales)
- 🏛Institutions accumulating (13F)
Nucor Corporation (NUE) is a Basic Materials company listed on NYSE. The stock is up 68% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 17 sales (SEC Form 4). Drillr has 3 published research articles covering NUE.
Nucor Corporation (NUE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NUE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $2.82 | $3.23 | +14.5% | $9.5B | +6.9% |
| Jan 26, 2026 | $1.91 | $1.73 | -9.4% | $7.7B | -2.8% |
| Jan 27, 2025 | $0.94 | $1.22 | +29.8% | $7.1B | +4.6% |
| Oct 21, 2024 | $1.50 | $1.49 | -0.7% | $7.4B | +2.2% |
| Jul 22, 2024 | $2.35 | $2.68 | +14.0% | $8.1B | +5.1% |
| Jan 29, 2024 | $2.90 | $3.16 | +9.0% | $7.7B | +0.7% |
| Jul 24, 2023 | $5.53 | $5.81 | +5.1% | $9.5B | -1.0% |
| Apr 20, 2023 | $3.81 | $4.45 | +16.8% | $8.7B | -3.2% |
| Jan 26, 2023 | $4.19 | $4.89 | +16.7% | $8.7B | +3.5% |
| Oct 20, 2022 | $6.73 | $6.50 | -3.4% | $10.5B | +2.4% |
| Jul 21, 2022 | $8.85 | $9.67 | +9.3% | $11.8B | +1.7% |
| Apr 21, 2022 | $7.29 | $7.67 | +5.2% | $10.5B | +0.4% |
NUE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 4, 2026 | Hollatz John Jofficer: Executive Vice President | Sell | 5,522 | $258.57 |
| Jun 4, 2026 | Hollatz John Jofficer: Executive Vice President | Option | 5,038 | $133.03 |
| Jun 4, 2026 | Hollatz John Jofficer: Executive Vice President | Sell | 5,038 | $258.33 |
| Jun 4, 2026 | Hollatz John Jofficer: Executive Vice President | Option | 5,522 | $130.71 |
| May 20, 2026 | Spicer Randy Jofficer: Executive Vice President | Sell | 2,500 | $225.00 |
| May 19, 2026 | Topalian Leon Jofficer: Chair and CEO | Sell | 21,954 | $227.58 |
| May 19, 2026 | Topalian Leon Jofficer: Chair and CEO | Sell | 16,239 | $226.84 |
| May 19, 2026 | Topalian Leon Jofficer: Chair and CEO | Sell | 9,366 | $228.63 |
| May 19, 2026 | Topalian Leon Jofficer: Chair and CEO | Sell | 4,441 | $229.32 |
| May 19, 2026 | Topalian Leon Jofficer: Chair and CEO | Option | 52,000 | $42.46 |
| May 7, 2026 | Ford Bradleyofficer: Executive Vice President | Sell | 1,940 | $232.11 |
| May 7, 2026 | Ford Bradleyofficer: Executive Vice President | Sell | 300 | $232.23 |
| May 6, 2026 | Behr Allen Cofficer: Executive Vice President | Sell | 8,438 | $226.10 |
| May 6, 2026 | Behr Allen Cofficer: Executive Vice President | Sell | 100 | $225.94 |
| May 6, 2026 | Behr Allen Cofficer: Executive Vice President | Sell | 1,558 | $225.93 |
Source: NUE SEC Form 4 filings, latest Jun 4, 2026. For informational purposes only — not investment advice.
See the full NUE insider & 13F page →NUE research & analysis
US Factory Orders Flat 2 Months Running: CAT Wins, NUE Lags — 6 Stocks Ranked
US factory orders flat in February for the second month highlight manufacturing weakness, creating winners like diversified Honeywell and backlog-rich Caterpillar, while cyclical steelmaker Nucor and toolmaker Stanley Black & Decker lag. Analysis ranks six industrials/materials stocks by theme exposure, financials, and outlooks. Key: Favor resilience amid stagnation.
CATDEDDHormuz Blockade Risk: XOM, CVX and FCX Ranked as Oil Eyes $110/bbl
Rising Strait of Hormuz tensions and Trump-era blockade speculation threaten oil supplies, favoring supermajors like XOM and CVX alongside copper miners FCX and BHP. Analysis ranks six plays by exposure, valuation, and financial strength amid potential $110/bbl crude.
XOMCVXOXYUS Manufacturing Hits 2-Year High: CAT and DE Win While CLF and DOW Face Margin Squeeze
US manufacturing's sharp expansion since 2022 boosts machinery demand for CAT, DE, and HON, while surging input costs erode margins at steelmakers NUE/CLF and chemicals firm DOW. CAT leads with record backlog and pricing leverage; CLF lags with negative margins.
CATDEDOW
Nucor Corporation company profile
Overview
Nucor Corporation (NYSE:NUE) is one of the largest steel producers in North America, founded in 1958 and headquartered in Charlotte, North Carolina. The company went public in 1980 and has evolved from a nuclear instrument manufacturer into a diversified steel and steel products company. Nucor pioneered the use of electric arc furnace technology in the United States, making it a leader in steel recycling and mini-mill operations. Today, the company operates across three main business segments and serves diverse end markets including construction, automotive, energy, and infrastructure through an integrated network of steel mills, fabrication facilities, and raw material operations.
Business
Nucor operates in the steel manufacturing industry, which involves converting raw materials like scrap metal and iron ore into various steel products used across the economy. The steel industry is capital-intensive and cyclical, with demand closely tied to construction activity, automotive production, and infrastructure development. The company operates through three primary business segments: **Steel Mills Segment** (approximately 60-65% of total earnings): This core segment produces various steel products including hot-rolled, cold-rolled, and galvanized sheet steel used in automotive and appliance manufacturing; structural steel products like wide-flange beams and H-piling for construction; and bar steel products including rebar for concrete reinforcement and merchant bars for general construction. The segment utilizes electric arc furnace technology, which melts recycled scrap steel rather than using traditional blast furnaces with iron ore. **Steel Products Segment** (approximately 30-35% of total earnings): This downstream segment manufactures value-added steel products including hollow structural steel tubing, electrical conduits, steel joists and decking systems for commercial construction, metal building systems, insulated panels, steel grating, and wire mesh products. This segment focuses on non-residential construction applications and provides higher margins than commodity steel production. **Raw Materials Segment** (approximately 5-10% of total earnings): This segment produces direct reduced iron (DRI), processes ferrous and nonferrous scrap metal, brokers various metal products, and supplies ferro-alloys. It also includes natural gas drilling operations. This vertical integration helps secure raw material supply and provides cost advantages for the steel mills segment. Nucor's electric arc furnace technology allows it to use approximately 80% recycled scrap steel as feedstock, making it more environmentally sustainable than traditional integrated steel producers that rely primarily on iron ore and coking coal.
Revenue model
Nucor generates revenue primarily through **product sales** across its three business segments, with customers including steel service centers, fabricators, original equipment manufacturers, and construction companies. The **Steel Mills segment** sells commodity and semi-finished steel products on both spot market pricing and contract arrangements. Pricing is influenced by global steel prices, raw material costs (particularly scrap steel), energy costs, and supply-demand dynamics. The company has implemented Customer Specific Pricing (CSP) strategies to build more stable relationships and reduce price volatility. The **Steel Products segment** operates on higher margins by selling value-added fabricated products, often with longer lead times and more stable pricing arrangements. This segment benefits from construction activity and infrastructure spending, with products sold through direct relationships with contractors and distributors. The **Raw Materials segment** generates revenue through scrap metal processing fees, sales of direct reduced iron, and metal brokerage commissions. This segment provides cost advantages to the steel mills while generating modest standalone profits. **Margin-enhancing factors** include strong construction and infrastructure demand, effective trade protection from steel imports, higher scrap steel availability at reasonable prices, operational efficiency improvements, and successful execution of value-added product strategies. The company's integrated model provides cost advantages and supply chain control. **Margin-pressuring factors** include increased steel imports (particularly from China and Mexico), rising raw material costs, energy price inflation, economic slowdowns affecting construction and automotive demand, environmental compliance costs, and competitive pricing pressure. The cyclical nature of steel markets creates inherent volatility in profitability, with margins expanding during tight supply conditions and contracting during oversupply periods.
Competitive moat
Nucor possesses a **moderate to strong competitive moat** built on several sustainable advantages. The company's primary moat stems from its **cost leadership position** through electric arc furnace technology and vertical integration. As the largest recycler in the Western Hemisphere, Nucor benefits from established scrap metal supply networks and processing capabilities that would be difficult and expensive for competitors to replicate. The company's **operational excellence** and decentralized management culture create competitive advantages through faster decision-making, local market responsiveness, and strong safety performance. Nucor's **geographic diversification** across multiple regions reduces exposure to localized economic downturns and provides logistical advantages in serving customers. **Scale advantages** in procurement, technology investment, and capital allocation strengthen the moat, while the company's **financial strength** enables counter-cyclical investments and acquisitions during industry downturns when competitors face capital constraints. However, the moat faces **significant challenges**. Steel is largely a commodity business with limited product differentiation, making the industry susceptible to price competition and import pressure. **Global overcapacity**, particularly from Chinese producers, creates persistent margin pressure. The **cyclical nature** of end markets means even efficient producers face demand volatility. **Potential disruption** could come from breakthrough technologies in steelmaking (such as hydrogen-based production), increased use of alternative materials like carbon fiber or advanced composites in automotive and construction applications, or significant changes in trade policy that reduce import protection. Environmental regulations and carbon pricing could also challenge traditional steelmaking economics, though Nucor's recycling-based model provides some protection compared to integrated producers. The company's expansion into downstream fabricated products and value-added services represents an effort to strengthen the moat by moving beyond commodity steel production, but success depends on execution and market acceptance.
Risks & safety
**Overall Assessment**: Nucor maintains a strong margin of safety with solid financial fundamentals, though recent capital investments have temporarily pressured cash generation. **Cash and Debt Position**: - Cash and short-term investments: $3.2 billion (Q1 2025) - Debt-to-equity ratio: 0.39 (moderate leverage) - Strong investment-grade credit rating maintained - No immediate solvency concerns given cash position and operating cash flow generation **Valuation Metrics**: - P/E ratio: 38.5x (Q1 2025) vs. 13.7x (FY 2024) - significant multiple expansion due to cyclical earnings trough - EV/EBITDA: 10.2x (elevated due to lower current EBITDA) - Price-to-book: 1.2x (reasonable for asset-heavy business) - Graham Number suggests potential undervaluation at current earnings trough **Other Considerations**: - Free cash flow turned negative (-$495M Q1 2025) due to heavy capital expenditure program ($860M in growth projects) - Operating cash flow remains positive at $364M - Strong balance sheet provides flexibility during cyclical downturns - Historical track record of maintaining profitability through steel cycles
Recent development
Over the past few years, Nucor has pursued an aggressive **growth and diversification strategy** focused on expanding both upstream capabilities and downstream value-added products. Key strategic developments include: **Major Capital Projects**: The company is investing approximately $3 billion annually in growth initiatives, including a new sheet mill in West Virginia (commissioning by end of 2026), a rebar micro mill in Lexington, North Carolina (production starting Q3 2025), and a new melt shop in Kingman, Arizona. The Brandenburg plate mill, which began production in late 2022, is approaching EBITDA breakeven after initial startup challenges. **Downstream Expansion**: Nucor has significantly expanded its steel products portfolio through strategic acquisitions and organic growth. Recent acquisitions include Rytec (overhead doors), Southwest Data Products (data center infrastructure), and C.H.I. Overhead Doors. The company expects its downstream platforms to generate over $450 million in EBITDA by 2025, representing a substantial increase from historical levels. **Sustainability and Technology Investments**: The company has committed to net-zero steelmaking by 2050 and is investing in carbon capture technology through a partnership with ExxonMobil. Nucor has also made strategic investments in next-generation energy technologies including NuScale (nuclear) and Helion (fusion energy), positioning for potential future energy cost advantages. **Trade Advocacy and Market Positioning**: Management has actively advocated for stronger trade enforcement, welcoming the reinstatement of Section 232 steel tariffs and supporting legislation to address unfair competition from imports, particularly from China and Mexico. **Operational Excellence Initiatives**: The company has implemented automation and artificial intelligence across business segments while maintaining its industry-leading safety performance, achieving its safest year on record in 2024.
NUE company profile · for informational purposes only — not investment advice.
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