Nucor Corp (NUE)
Materials · Steel · US stock · S&P 500 component
$258.06
▼ -6.48 (2.45%)
Fair valueFair
$226 −12.6% to fair value
$113fair band $192–$274$338
Day's range
$250.74 – $262.02
52-week range
$135.59 – $280.11
About Nucor Corp
Nucor is the largest steel producer in the United States by volume. It makes steel in electric arc furnaces that mainly use recycled scrap, and it sells bars, beams, sheet, plate and steel products to construction, automotive, energy and manufacturing customers. Revenue comes from steel shipments, and earnings move with steel prices, scrap costs and construction demand.
The company reported revenue of $36.1 billion over the last twelve months. The three-year trend is a decline of 7.8% a year in revenue. Profitability shows an operating margin of 11.8% and a return on invested capital of 13%. Net debt stands at 1.0 times EBITDA. Shareholders receive a dividend, yielding 0.9%. This gives an X-Ray Score of 48 out of 100.
NUE news
All NUE news →Price chart
52-wk range $135.59 – $280.11Volume 1,526,941Daily, split-adjusted
Vitals
Market cap$59.0B
52-week range$135.59 – $280.11
Volume (last day)1,526,941
P/E (TTM)20.6
EBIT / EV yield6.6%
Free-cash-flow yield2.7%
Dividend yield0.9%
Revenue (TTM)$36.1B
Net income (TTM)$2.9B
Operating margin11.8%
Return on capital12.7%
Debt incl. leases$7.1B
Cash & securities$2.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$226middle half of models $185 – $256
Fair
−12.6% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $258
Undervalued < $192Fair $192 – $274Overvalued > $274
P/E multiple
$239
P/B multiple
$226
P/S multiple
$280
EV/EBITDA multiple
$262
EV/EBIT multiple
$206
EV/revenue multiple
$284
10-year DCF, EBITDA exit
$185
5-year DCF, EBITDA exit
$214
10-year DCF, revenue exit
$182
5-year DCF, revenue exit
$218
10-year DCF, growth exit
$160
5-year DCF, growth exit
$185
Dividend discount, stable · not used
$77
Dividend discount, multi-stage
$129
Earnings power value
$388
Growth the price implies
11.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
42/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.6%
Free-cash-flow yield2.7%
Fair value vs price0.9×
Growth
Weak
29/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-7.8%
EPS growth (3y)-36.1%
Growth consistency50%
Profitability
Fair
53/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital12.7%
Operating margin11.8%
Gross profitability15.1%
Financial health
Strong
77/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA1.0×
Interest cover29.3×
Dividends
Weak
29/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.9%
Dividends vs free cash flow32%
Dividend growth-1.4%
Quarterly results: last 6 quarters
-3.8%
Apr '25
+4.7%
Jul '25
+14.5%
Oct '25
+8.6%
Dec '25
+21.3%
Apr '26
+23.0%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $10.4B, diluted EPS $5.04.
SWOT analysis: Nucor Corp
Strengthsinside the company
- Operating profit covers interest 29x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Revenue has fallen 7.8% a year over three years while sector peers grew 0.6%.
- Earnings per share have declined 36.1% a year over three years.
Opportunitiesvaluation and setting
- Revenue growth picked up to 5.7% last year from -7.8% a year over three years.
- Trades at 20.4x earnings, 23% below the 26.6x median of sector peers.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Earnings in Steel follow the industry cycle, so margins and profits can swing from year to year.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare NUE with peers and sector
Medians of 22 Materials peers and of 22 Materials stocks in our universe.
Largest peers (X-Ray Score): LIN 43, NEM 81, FCX 55, SHW 54, ECL 50, APD 25.
| Metric | NUE | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 48 | 53 | 53 |
| Valuation | 42 | 46 | 46 |
| Growth | 29 | 57 | 57 |
| Profitability | 53 | 51 | 51 |
| Financial health | 77 | 48 | 48 |
| Dividends | 29 | 56 | 56 |
Sector leaders: highest X-Ray Score in Materials
NUE ranks #14 of 23 in Materials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for NUE
Each factor is rated by where NUE stands among the 23 Materials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 6 Good · 11 Average · 5 Bad of 22
Growth: 0 · 1 · 2
Profitability: 1 · 3 · 1
Financial strength: 4 · 0 · 0
Valuation: 0 · 4 · 1
Cash flow: 0 · 2 · 1
Efficiency: 1 · 1 · 0
| Factor | NUE | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −7.8% | Bad beats 20% | +0.6% | – | – |
| Revenue growth, last year | +5.7% | Average beats 54% | +5.3% | +5.7% | ≈ In line |
| EPS growth, 3 years a year | −36.1% | Bad beats 9% | +0.5% | – | – |
| Profitability | |||||
| Gross margin | 15.5% | Bad beats 18% | 27.9% | 22.5% | ▼ Worse |
| Operating margin | 11.8% | Average beats 50% | 11.8% | 18.8% | ▼ Worse |
| Net margin | 8.0% | Average beats 54% | 7.8% | 13.0% | ▼ Worse |
| Return on invested capital | 12.7% | Good beats 67% | 10.0% | – | – |
| Return on equity | 13.0% | Average beats 41% | 14.8% | 21.6% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 1.0x | Good beats 76% | 2.4x | 0.3x | ▼ Worse |
| Interest cover | 29.3x | Good beats 75% | 7.8x | 26.5x | ▲ Better |
| Current ratio | 2.51 | Good beats 76% | 1.61 | 2.94 | ▼ Worse |
| Piotroski F-score | 7 / 9 | Good beats 67% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 20.4x | Average beats 55% | 21.6x | 9.6x | ▼ Worse |
| Price / book | 2.7x | Average beats 63% | 3.1x | 1.9x | ▼ Worse |
| Price / sales | 1.6x | Average beats 59% | 2.1x | 0.9x | ▼ Worse |
| EV / EBITDA | 15.2x | Average beats 41% | 14.2x | 6.6x | ▼ Worse |
| Free cash flow yield | 2.7% | Bad beats 31% | 3.4% | 11.2% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 4.4% | Bad beats 20% | 7.7% | 12.6% | ▼ Worse |
| Cash from operations / net income | 1.53 | Average beats 55% | 1.50 | 1.57 | ≈ In line |
| Accruals (lower is better) | −4.2% | Average beats 52% | −4.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 5.1x | Average beats 47% | 5.3x | 5.2x | ≈ In line |
| Days sales outstanding | 41 days | Good beats 73% | 54 days | 32 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 7 Good · ● 3 Average · ● 5 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 50/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $36.5B | $41.5B | $34.7B | $30.7B | $32.5B |
| Operating income | $9.4B | $10.5B | $6.5B | $3.1B | $2.7B |
| Net income | $6.8B | $7.6B | $4.5B | $2.0B | $1.7B |
| Operating cash flow | $6.2B | $10.1B | $7.1B | $4.0B | $3.2B |
| Operating margin | 25.7% | 25.2% | 18.8% | 10.2% | 8.4% |
| Free cash flow | $4.6B | $8.1B | $4.9B | $806M | −$188M |
| Diluted EPS | $23.16 | $28.79 | $18.00 | $8.46 | $7.52 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 4 neutral · 0 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 256.9 | Bullish |
| EMA 10 | 257.0 | Bullish |
| SMA 20 | 250.0 | Bullish |
| EMA 20 | 253.9 | Bullish |
| SMA 50 | 252.6 | Bullish |
| EMA 50 | 251.5 | Bullish |
| SMA 100 | 249.8 | Bullish |
| EMA 100 | 243.7 | Bullish |
| SMA 200 | 220.0 | Bullish |
| EMA 200 | 223.3 | Bullish |
Oscillators (daily)
| RSI (14) | 55.46 | Neutral |
| MACD (12, 26) | 2.85 | Bullish |
| Momentum (12) | 2.78 | Bullish |
| Stochastic %K (14) | 66.36 | Neutral |
| Williams %R (14) | -33.64 | Neutral |
| CCI (20) | 71.83 | Neutral |
Pivot points (classic, last session)
S3 240.6 | S2 245.7 | S1 251.9 | Pivot 256.9 | R1 263.1 | R2 268.2 | R3 274.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.24 USD
Yield on today's price
0.87%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5600 | |
| 0.5600 | |
| 0.5600 | |
| 0.5600 | |
| 0.5500 | |
| 0.5500 | |
| 0.5500 | |
| 0.5500 | |
| 0.5400 | |
| 0.5400 | |
| 0.5400 | |
| 0.5400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold NUE
| ETF | Share of the fund |
|---|---|
| XLB Materials Select Sector SPDR | 3.88% |
| XME SPDR S&P Metals and Mining | 3.74% |
| PICK iShares MSCI Global Metals & Mining Pr... | 3.30% |
| PAVE Global X U.S. Infrastructure Developme... | 3.10% |
| IFRA iShares U.S. Infrastructure | 1.77% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.76% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.64% |
| PWB Invesco Dynamic Large Cap Growth | 1.57% |
The eight funds with the largest weight in NUE among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
NUE stock splits
NUE has split its stock 4 times since 1992. The latest was a 2-for-1 split on 1 Jun 2006.
Full NUE stock split history →NUE SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.