Nucor
Recycles scrap into steel and downstream products for construction, infrastructure, and manufacturing.
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Profile
Melts scrap and iron substitutes in electric-arc furnaces to sell sheet, bar, structural, and plate steel, then converts part of that output into construction and infrastructure products. A raw-materials arm brokers and processes scrap and produces direct reduced iron, creating a vertically connected North American supply chain.
Turns scrap and scrap substitutes into sheet, bar, structural, and plate steel through electric-arc-furnace mills. The Steel Mills segment is the largest business, selling chiefly to service centers, fabricators, and manufacturers across the United States, Canada, and Mexico.
The Steel Products segment converts steel into joists and deck, rebar assemblies, tubing and conduit, metal buildings, insulated panels, racking, overhead doors, and utility structures. Highly automated mills and decentralized operating teams connect production with downstream fabrication.
The Raw Materials segment brokers and processes scrap through The David J. Joseph Company and produces direct reduced iron for the mills. Most facilities and customers are in North America. Results remain exposed to steel prices, construction and industrial demand, scrap and energy costs, imports, and trade policy.
Company facts
Categories
Key statistics
Year to date +47.9% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | BMO Capital | Reiterate | Outperform | $235 | $295 | |
| Jul 29, 2026 | Wells Fargo | Reiterate | Overweight | $283 | $297 | |
| Jul 29, 2026 | Barclays | Reiterate | Overweight | $272 | $295 | |
| Jul 29, 2026 | Morgan Stanley | Target | $258 | $270 | ||
| Jul 15, 2026 | Barclays | Reiterate | Overweight | $270 | $272 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $4.46 | $4.84 | +8.5% | $10.15B | $10.40B | +2.5% | +7.17% |
| Apr 27, 2026Q1 FY26 | $2.82 | $3.23 | +14.5% | $8.88B | $9.50B | +6.9% | +4.70% |
| Jan 26, 2026Q4 FY25 | $1.91 | $1.73 | −9.4% | $7.91B | $7.69B | −2.8% | −2.30% |
| Oct 27, 2025Q3 FY25 | $2.18 | $2.63 | +20.6% | $8.18B | $8.52B | +4.2% | +5.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.83B | $8.46B | $8.52B | $7.69B | $9.50B | $10.40B | |
| Gross profit | $605.0M | $1.22B | $1.19B | $862.0M | $1.50B | $2.03B | |
| Operating income | $324.0M | $919.0M | $888.0M | $528.0M | $1.10B | $1.63B | |
| Net income | $156.0M | $603.0M | $607.0M | $378.0M | $743.0M | $1.16B | |
| Diluted EPS | $0.67 | $2.60 | $2.63 | $1.64 | $3.23 | $5.04 | |
| Gross margin | 7.7% | 14.5% | 13.9% | 11.2% | 15.8% | 19.6% | |
| Operating margin | 4.1% | 10.9% | 10.4% | 6.9% | 11.5% | 15.7% |
Fiscal years (4-quarter sums)FY21 $36.48B · FY22 $41.51B · FY23 $34.71B · FY24 $30.73B · FY25 $32.49B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.69B · Total debt $7.10B · Total assets $36.95B · Shareholders' equity $22.11B
Dividends
Raised for 16 straight years — most recently to $0.56 from $0.55 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Aug 11 | $0.56 | |
| Mar 31, 2026 | Mar 31 | May 11 | $0.56 | |
| Dec 31, 2025 | Dec 31 | Feb 11 | $0.56 | raised from $0.55 |
| Sep 30, 2025 | Sep 30 | Nov 10 | $0.55 | |
| Jun 30, 2025 | Jun 30 | Aug 11 | $0.55 | |
| Mar 31, 2025 | Mar 31 | May 12 | $0.55 | |
| Dec 31, 2024 | Dec 31 | Feb 11 | $0.55 | raised from $0.54 |
| Sep 27, 2024 | Sep 27 | Nov 8 | $0.54 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 227.74M · Float 222.73M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| State Farm Mutual Automobile Insurance Co | 24.21M | 10.63% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 19.99M | 8.78% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 14.87M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 12.20M | 5.36% | 13F | Aug 13, 2026 |
| State Street Corp | 11.56M | 5.08% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Leon J. Topalian | officer: Chair and CEO | −26,000 | $268.52 |
| Aug 14, 2026 | Allen C. Behr | officer: Executive Vice President | −7,739 | $274.14 |
| Aug 3, 2026 | Thomas J. Batterbee | officer: Executive Vice President | −4,000 | $261.02 |
| Jul 30, 2026 | Stephen D. Laxton | officer: President and COO | −3,968 | $256.96 |
| Jun 3, 2026 | John J. Hollatz | officer: Executive Vice President | −10,560 | $258.46 |
Peers
- Steel Dynamics
Closest EAF peer; overlaps on sheet, long, structural, fab, and scrap recycling.
- Cleveland-Cliffs
Largest US integrated flat-rolled producer; leads auto-grade sheet via BF/BOF.
- Commercial Metals
Primary rebar rival; ~25% of N. American long-steel market via EAF and fab.
- ArcelorMittal (ADR)
World's largest steelmaker; US mills and import volumes pressure domestic HRC.
- Griffon
Clopay, #1 North American garage-door brand, competes directly with CHI Doors.
- ATI
Specialty alloy plate; competes with Nucor plate mills at high-spec grades.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nucor | $250.50 | −0.02% | $57.05B | 20.0 | 12.2 | 1.6 | +23.0% |
| Steel Dynamics | $234.67 | +0.04% | $33.63B | 21.3 | 11.6 | 1.6 | +33.4% |
| Cleveland-Cliffs | $11.61 | −0.04% | $6.63B | — | 18.2 | 0.3 | +5.9% |
| Commercial Metals | $67.63 | −0.03% | $7.48B | 12.7 | 9.4 | 0.8 | +22.9% |
| ArcelorMittal (ADR) | $74.39 | +0.01% | $56.62B | 31.5 | — | 0.9 | +5.2% |
| Griffon | $98.98 | −0.07% | $4.54B | 22.4 | 16.6 | 2.1 | −21.6% |
| ATI | $211.00 | +0.11% | $28.76B | 61.8 | 38.8 | 6.1 | +10.6% |
| Median | 22.4 | 16.6 | 1.3 | +8.3% |