Nucor is in the midst of a powerful cyclical upswing, with Q2 2026 revenue up 23% YoY to $10.4B and EPS of $5.04, though a 12% miss versus consensus suggests pricing pressure. The company's fortress balance sheet (D/E of 0.31) and robust cash conversion (OCF/N...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 23% YoY to $10.4B in Q2 2026, with gross margin expanding to 19.6% from 14.5% a year earlier, though EPS of $5.04 missed consensus by 12%, indicating pricing lag.
Nucor Corporation has demonstrated strong free cash flow generation, supporting its financial resilience and ability to return value to shareholders.
The company maintains a resilient balance sheet, providing stability and flexibility in various market conditions.
Nucor Corporation has a consistent return on invested capital (ROIC), indicating efficient use of capital and profitability.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 27, 2026 | $4.84+8.5% vs $4.46 | $10.4B+2.5% vs $10.1B |
Q2 2026 Apr 27, 2026 | $3.23+14.5% vs $2.82 | $9.5B+6.9% vs $8.9B |
Q1 2026 Jan 26, 2026 | $1.73-9.4% vs $1.91 | $7.7B-2.8% vs $7.9B |
Q4 2025 Oct 27, 2025 | $2.63+20.6% vs $2.18 | $8.5B+4.2% vs $8.2B |
Shares of Cleveland-Cliffs (NYSE:CLF | CLF Price Prediction) are climbing again on Tuesday, extending a month-long rebound in the U.S. steel complex. Cleveland-Cliffs stock is at $12.69, up 5% in Tuesday afternoon trading.
The basic materials sector has had a strong year in 2026. That performance is confirmed by the iShares U.S. Basic Materials ETF NYSEARCA: IYM.
NUE expects Q3 2026 earnings to rise as higher steel prices, stable mill volumes and stronger Steel Products results offset weaker Raw Materials.
Nucor remains the best-run, lowest-cost, and most shareholder-friendly steelmaker, but I maintain a Hold rating, as most positives are priced in. Q2 results were outstanding—$10.4B revenue (+23% Y/Y), $4.84 EPS, and record steel mill shipments—yet Q3 guidance disappointed due to cost pressures, not demand. Valuation sits at a P/E of 20.97 and EV/EBITDA of 11.39, below some peers, with FCF yield improving but still slim versus post-COVID highs.
Benchmark NUE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nucor Corporation (NUE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $245.66 | $55.95B | 32.67 | 5.73% | 5.37% | 8.01% | 0.9% | |
| $233.99 | $33.74B | 29.29 | 3.63% | 7.83% | 17.66% | — | |
| $12.53 | $7.15B | -4.18 | -3% | -4.56% | -14.68% | — | |
| $65.00 | $7.19B | 87.84 | -1.61% | 6.72% | 13.65% | — | |
| $386.95 | $19.76B | 27.68 | 3.32% | 5.66% | 12.33% | — | |
| $186.56 | $25.46B | 65.46 | 5.16% | 10.09% | 24.95% | — |
Nucor Corporation (NUE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Nucor Corporation (NUE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 27, 2026·SEC
May 19, 2026·SEC
Apr 27, 2026·SEC
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Nucor Corporation (NUE) stock FAQ — growth, dividends, profitability & financials explained
Nucor Corporation (NUE) reported $36.10B in revenue for fiscal year 2025. This represents a 890% increase from $3.65B in 1996.
Nucor Corporation (NUE) grew revenue by 5.7% over the past year. This is steady growth.
Yes, Nucor Corporation (NUE) is profitable, generating $2.88B in net income for fiscal year 2025 (5.4% net margin).
Yes, Nucor Corporation (NUE) pays a dividend with a yield of 0.90%. This makes it attractive for income-focused investors.
Nucor Corporation (NUE) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Nucor Corporation (NUE) generated $1.58B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
