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Nucor
(NYSE:NUE)
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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
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.
Highlights profitability across different business segments, indicating which areas are driving earnings and where there might be challenges or opportunities for growth.
Data provided by:
The Fly
The FlyNucor (NUE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.33B
Dividend Yield0.85%
Average Volume (3M)1.22M
Price to Earnings (P/E)21.1
Beta (1Y)1.25
Revenue Growth17.19%
EPS Growth126.38%
CountryUS
Employees33,000
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)N/A
Shares Outstanding226,875,670
10 Day Avg. Volume1,067,823
30 Day Avg. Volume1,221,156
Financial Highlights & Ratios
PEG Ratio-1.95
Price to Book (P/B)1.80
Price to Sales (P/S)1.16
P/FCF Ratio-200.16
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.55
Enterprise Value/Gross Profit10.03
Enterprise Value/Ebitda9.72
Forecast
1Y Price Target
$287.75Price Target Upside16.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.10B | 32.49B | 30.73B | 34.71B | 41.51B | 36.48B |
| Gross Profit | 5.58B | 3.88B | 4.10B | 7.82B | 12.50B | 11.03B |
| EBITDA | 5.76B | 4.22B | 4.49B | 7.69B | 11.57B | 10.23B |
| Net Income | 2.88B | 1.74B | 2.03B | 4.52B | 7.61B | 6.83B |
Balance Sheet | ||||||
| Total Assets | 36.95B | 35.10B | 33.94B | 35.34B | 32.48B | 25.82B |
| Cash, Cash Equivalents and Short-Term Investments | 2.69B | 2.70B | 4.14B | 7.13B | 4.86B | 2.62B |
| Total Debt | 7.10B | 7.12B | 6.95B | 6.84B | 6.69B | 5.68B |
| Total Liabilities | 13.69B | 12.98B | 12.52B | 13.22B | 12.91B | 11.22B |
| Stockholders Equity | 22.11B | 20.94B | 20.29B | 20.94B | 18.41B | 14.02B |
Cash Flow | ||||||
| Free Cash Flow | 1.58B | -188.00M | 806.00M | 4.90B | 8.12B | 4.61B |
| Operating Cash Flow | 4.42B | 3.23B | 3.98B | 7.11B | 10.07B | 6.23B |
| 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
Positive
247.55
Price Trends
252.86
Positive
249.68
Positive
219.59
Positive
Market Momentum
2.88
Negative
64.00
Neutral
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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $35.03B | 18.22 | 20.97% | 0.84% | 26.00% | 79.81% | |
73 Outperform | $59.33B | 21.08 | 13.53% | 0.85% | 17.19% | 126.38% | |
73 Outperform | $46.98B | 26.43 | 3.31% | 1.14% | 3.25% | -27.63% | |
72 Outperform | $7.07B | 10.87 | 14.62% | 1.18% | 20.46% | 658.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | $16.85B | 16.89 | 2.39% | 2.77% | -3.30% | 164.60% | |
54 Neutral | $8.01B | -15.76 | -8.14% | 6.42% | 8.10% | 75.20% |
* Basic Materials Sector Average
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.