NUE Stock - Nucor Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $30.73B | $34.71B | $41.51B | $36.48B | $20.14B |
| Gross Profit | $4.10B | $7.82B | $12.50B | $11.03B | $2.23B |
| Gross Margin | 13.3% | 22.5% | 30.1% | 30.2% | 11.1% |
| Operating Income | $2.98B | $6.23B | $10.51B | $9.32B | $1.65B |
| Net Income | $2.03B | $4.52B | $7.61B | $6.83B | $721.47M |
| Net Margin | 6.6% | 13.0% | 18.3% | 18.7% | 3.6% |
| EPS | $8.47 | $18.05 | $28.88 | $23.23 | $2.37 |
Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. 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. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 14th 2025 | Wells Fargo | Upgrade | Overweight | - |
| August 14th 2025 | Wells Fargo | Initiation | Equal Weight | $145 |
| July 31st 2025 | Jefferies | Upgrade | Buy | $170 |
| June 2nd 2025 | BMO Capital Markets | Upgrade | Outperform | $145 |
| March 24th 2025 | UBS | Upgrade | Buy | $160 |
| December 12th 2024 | UBS | Downgrade | Neutral | $156← $171 |
| December 2nd 2024 | Goldman | Initiation | Buy | $190 |
| September 9th 2024 | JP Morgan | Upgrade | Overweight | $174← $170 |
| August 15th 2024 | Morgan Stanley | Upgrade | Overweight | $176← $187 |
| May 20th 2024 | Jefferies | Initiation | Hold | $190 |
| March 13th 2024 | Citigroup | Upgrade | Buy | $240← $180 |
| January 16th 2024 | UBS | Initiation | Buy | $210 |
| October 16th 2023 | JP Morgan | Upgrade | Neutral | $151 |
| July 5th 2023 | Exane BNP Paribas | Upgrade | Outperform | $191 |
| June 1st 2023 | Wolfe Research | Upgrade | Peer Perform | - |
Earnings History & Surprises
NUEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Jan 26, 2026 | $2.04 | — | — | — |
Q4 2025 | Oct 27, 2025 | $2.18 | $2.63 | +20.6% | ✓ BEAT |
Q3 2025 | Jul 28, 2025 | $2.55 | $2.60 | +2.0% | ✓ BEAT |
Q2 2025 | Apr 28, 2025 | $0.69 | $0.77 | +12.1% | ✓ BEAT |
Q1 2025 | Jan 27, 2025 | $0.94 | $1.22 | +29.8% | ✓ BEAT |
Q4 2024 | Oct 21, 2024 | $1.50 | $1.49 | -0.7% | ✗ MISS |
Q3 2024 | Jul 22, 2024 | $2.35 | $2.68 | +14.0% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $3.66 | $3.46 | -5.5% | ✗ MISS |
Q1 2024 | Jan 29, 2024 | $2.90 | $3.16 | +9.0% | ✓ BEAT |
Q4 2023 | Oct 23, 2023 | $4.25 | $4.57 | +7.5% | ✓ BEAT |
Q3 2023 | Jul 24, 2023 | $5.53 | $5.81 | +5.1% | ✓ BEAT |
Q2 2023 | Apr 20, 2023 | $3.81 | $4.45 | +16.8% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $4.19 | $4.89 | +16.7% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $6.73 | $6.50 | -3.4% | ✗ MISS |
Q3 2022 | Jul 21, 2022 | $8.85 | $9.67 | +9.3% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $7.29 | $7.67 | +5.2% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $7.91 | $7.97 | +0.8% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $7.28 | $7.28 | 0.0% | = MET |
Q3 2021 | Jul 22, 2021 | $4.79 | $5.15 | +7.5% | ✓ BEAT |
Latest News
Wells Fargo Maintains Overweight on Nucor, Lowers Price Target to $176
➖ NeutralNucor shares are trading lower after the company issued fourth-quarter EPS guidance below analyst estimates, citing seasonal pressures despite improving backlogs.
📉 NegativeNucor Announces Fourth Quarter 2025 Earnings Guidance Of $1.65 To $1.75 Per Share Vs $2.18 Est., While Highlighting Seasonal Pressures And Improving Backlogs Heading Into 2026
➖ NeutralNucor Sees Q4 GAAP EPS $1.65-$1.75 vs $2.18 Est
📉 NegativeWells Fargo Maintains Overweight on Nucor, Raises Price Target to $178
📈 PositiveJefferies Maintains Buy on Nucor, Raises Price Target to $190
📈 PositiveJP Morgan Maintains Overweight on Nucor, Raises Price Target to $200
📈 PositiveNucor Announces Stephen D. Laxton, CFO Promoted To Role Of President And COO Effective Jan 1, 2026; Will Conduct Search For New CFO; Laxton To Continue To Serve In Role Until New CFO Is Appointed
➖ NeutralNucore Names Steve Laxton President, COO Effective Jan. 1, 2026
➖ NeutralNucor Increases Quarterly Dividend From $0.55 To $0.56 Per Share
📈 PositiveWells Fargo Upgrades Nucor to Overweight, Raises Price Target to $167
📈 PositiveCitigroup Maintains Buy on Nucor, Raises Price Target to $180
📈 PositiveUBS Maintains Buy on Nucor, Raises Price Target to $168
📈 PositiveJP Morgan Maintains Overweight on Nucor, Raises Price Target to $175
📈 PositiveWells Fargo Maintains Equal-Weight on Nucor, Raises Price Target to $147
📈 PositiveNucor Corporation shares are trading higher. Morgan Stanley maintained its Overweight rating on the stock and raised its price target from $152 to $165.
📈 PositiveMorgan Stanley Maintains Overweight on Nucor, Raises Price Target to $165
📈 PositiveNucor Q4 earnings expected to be to be lower than the Q3 2025
📉 NegativeNucor shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveNucor GAAP EPS of $2.63 beats by $0.47, revenue of $8.52B beats by $370M
📈 PositiveFrequently Asked Questions about NUE
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