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Nucor Corp. (NUE)
NYSE:NUE
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Nucor (NUE) AI Stock Analysis

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NUE

Nucor

(NYSE:NUE)

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Outperform 73 (OpenAI - 5.2)
Rating:73Outperform
Price Target:
$287.00
â–²(15.94% Upside)
Action:Upgraded
Date:07/31/26
The score is driven mainly by improving fundamentals with a strong balance sheet and a meaningful TTM earnings rebound, supported by strong trend signals with the stock trading above all key moving averages. Offsetting factors are a relatively high P/E for a cyclical steel company and mixed cash-flow conversion, though the latest earnings call outlook and shareholder return discipline are supportive.
Positive Factors
Conservative balance sheet
Nucor’s conservative leverage, substantial cash position, and available liquidity provide resilience through steel-market downturns. This financial flexibility supports growth investment, shareholder returns, and the ability to absorb cyclical earnings volatility without excessive balance-sheet strain.
Negative Factors
Cyclical earnings profile
Nucor’s profitability remains exposed to the steel cycle, as demonstrated by the sharp compression from 2021–2022 peak margins and subsequent recovery. This volatility makes sustainable earnings power less predictable and can limit operating leverage when demand or pricing weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Nucor’s conservative leverage, substantial cash position, and available liquidity provide resilience through steel-market downturns. This financial flexibility supports growth investment, shareholder returns, and the ability to absorb cyclical earnings volatility without excessive balance-sheet strain.
Read all positive factors

Nucor Key Performance Indicators (KPIs)

Any
Any
Earnings Before Tax by Segment
Earnings Before Tax by Segment
Highlights profitability across different business segments, indicating which areas are driving earnings and where there might be challenges or opportunities for growth.
Chart InsightsEarnings across Nucor’s segments have shifted from past volatility to broad sequential improvement, with Steel Mills driving the turnaround thanks to stronger sheet/plate margins, record shipments and growing backlog. Steel Products is recovering on volumes but still shows margin pressure from higher input costs; Raw Materials has moved to a steady positive contributor. Offsetting this operational momentum are sizable corporate/intercompany eliminations and elevated pre‑op/CapEx as new mills commission, so headline earnings and FCF may lag segment performance until startup costs abate and new capacity ramps.
Data provided by:The Fly

Nucor (NUE) vs. SPDR S&P 500 ETF (SPY)

Nucor Business Overview & Revenue Model

Company Description
Nucor Corporation is a prominent producer and distributor of steel and diverse steel-related products. Within its Steel Mills division, the company manufactures a comprehensive range of steel goods. These include various sheet steel types like hot...
How the Company Makes Money
Nucor makes money primarily by producing and selling steel and steel-based products, with revenue driven largely by shipment volumes and realized selling prices across its major segments. (1) Steel Mills: This is a core earnings engine where Nucor...

Nucor Financial Statement Overview

Summary
Financials show a solid TTM rebound in revenue and profitability with a conservative balance sheet (moderate leverage and growing equity). The main offset is cyclicality versus the 2021–2022 peak and mixed cash-flow quality: free cash flow improved, but conversion versus net income is currently modest and was recently negative in 2025.
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue36.10B32.49B30.73B34.71B41.51B36.48B
Gross Profit5.58B3.88B4.10B7.82B12.50B11.03B
EBITDA5.76B4.22B4.49B7.69B11.57B10.23B
Net Income2.88B1.74B2.03B4.52B7.61B6.83B
Balance Sheet
Total Assets36.95B35.10B33.94B35.34B32.48B25.82B
Cash, Cash Equivalents and Short-Term Investments2.69B2.70B4.14B7.13B4.86B2.62B
Total Debt7.10B7.12B6.95B6.84B6.69B5.68B
Total Liabilities13.69B12.98B12.52B13.22B12.91B11.22B
Stockholders Equity22.11B20.94B20.29B20.94B18.41B14.02B
Cash Flow
Free Cash Flow1.58B-188.00M806.00M4.90B8.12B4.61B
Operating Cash Flow4.42B3.23B3.98B7.11B10.07B6.23B
Investing Cash Flow-2.46B-3.23B-3.73B-2.50B-5.70B-2.87B
Financing Cash Flow-1.42B-1.31B-3.06B-2.59B-2.51B-3.60B

Nucor Technical Analysis

Technical Analysis Sentiment
Positive
Last Price247.55
Price Trends
50DMA
252.86
Positive
100DMA
249.68
Positive
200DMA
219.59
Positive
Market Momentum
MACD
2.88
Negative
RSI
64.00
Neutral
STOCH
82.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NUE, the sentiment is Positive. The current price of 247.55 is below the 20-day moving average (MA) of 249.48, below the 50-day MA of 252.86, and above the 200-day MA of 219.59, indicating a bullish trend. The MACD of 2.88 indicates Negative momentum. The RSI at 64.00 is Neutral, neither overbought nor oversold. The STOCH value of 82.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NUE.

Nucor Risk Analysis

Nucor disclosed 17 risk factors in its most recent earnings report. Nucor reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Nucor Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$35.03B18.2220.97%0.84%26.00%79.81%
73
Outperform
$59.33B21.0813.53%0.85%17.19%126.38%
73
Outperform
$46.98B26.433.31%1.14%3.25%-27.63%
72
Outperform
$7.07B10.8714.62%1.18%20.46%658.36%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
$16.85B16.892.39%2.77%-3.30%164.60%
54
Neutral
$8.01B-15.76-8.14%6.42%8.10%75.20%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NUE
Nucor
264.54
127.69
93.31%
MT
ArcelorMittal
63.47
25.02
65.06%
CLF
Cleveland-Cliffs
14.03
0.97
7.43%
CMC
Commercial Metals Company
64.25
4.10
6.81%
PKX
POSCO
55.85
2.10
3.91%
STLD
Steel Dynamics
247.97
98.85
66.29%

Nucor Corporate Events

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Nucor posts strong Q2 2026 earnings and outlook
Positive
Jul 27, 2026
On July 27, 2026, Nucor reported second quarter 2026 consolidated net earnings attributable to stockholders of $1.16 billion, or $5.04 per diluted share, on net sales of $10.40 billion, with adjusted net earnings of $1.11 billion, or $4.84 per sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 31, 2026