YouTube · Q3 2026 · 2026-10-19
NUE · NYSE
Nucor Corporation
Steel · United States
USD 261.391.9% daily changeQuote 2026-11-11 · USD
- Market cap (USD)
- US$58.80B
- Trailing P/E
- 16.65x
- Forward P/E
- 11.87x
- Quarterly revenue growth
- 32.0%
- Trailing net margin
- 9.3%
- Indicated dividend yield
- 0.9%
Snapshot 2026-11-11 · Latest financial period 2026-10-03 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2027-01-25 (provider estimate; issuer confirmation unavailable here).
Company background
Nucor Corporation engages in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. The 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 structural steel products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, as well as engages in the steel trading and rebar distribution businesses. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for use in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. 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. Nucor Corporation was founded in 1905 and is based in Charlotte, North Carolina.
Company websiteQ3 2026
Go beyond the headline.
NUE Stock: Cash Is Back. Is the Steel Cycle Priced In? | Q3 2026
Published 2026-10-28
Q3 2026 REPORT HIGHLIGHTS
What’s changed for NUE
Stronger prices and lower investment spending rebuild cash, but the stock already pays for a durable steel upswing.
Cash has turned.
Operating cash improves and capital spending falls; both explain the recovery.
Pricing does the heavy lifting.
Mills external volume is flat sequentially while realized prices rise.
Q2 was helped twice.
Helion contributed $0.20 EPS and procurement refunds reduced costs $130M; the latter is not removed by the company’s Helion-only adjustment.
Not all consolidated cash belongs to NUE owners.
Minority earnings and distributions require separate treatment.
The price expects persistence.
Our cash framework needs about 12.45% annual growth after the first forward year to justify $270.79; the base uses 3%.
Comparable businesses
NUE peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | NUENucor CorporationSnapshot 2026-11-11Financial period: 2026-10-03 | STLDSteel Dynamics, Inc.Snapshot 2026-11-11Financial period: 2026-09-30 | NISTFNippon Steel CorporationSnapshot 2026-11-11Financial period: 2026-09-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$58.80B | US$33.99B | US$21.53B | US$27.76Bn=2 |
| Forward P/EProvider forward earnings estimate | 11.87x | 11.17x | — | — |
| EV / EBITDAEnterprise value / trailing EBITDA | 9.38x | 11.53x | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 32.0% | 34.8% | 15.1% | 24.9%n=2 |
| Operating marginLatest reported quarter | 13.3% | 11.5% | 4.2% | 7.8%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 2.6% | 1.3% | — | — |
| Net debt / EBITDANet debt / trailing EBITDA | 0.52x | 1.09x | 4.38x | 2.73xn=2 |
| Debt / equityTotal debt / positive book equity | 0.29x | 0.45x | 0.87x | 0.66xn=2 |
| Trailing P/ETrailing twelve-month earnings | 16.65x | 17.65x | 9.36x | 13.51xn=2 |
| Price / bookPrice / positive book equity per share | 2.59x | 3.46x | 0.59x | 2.02xn=2 |
| EV / salesEnterprise value / trailing revenue | 1.62x | 1.67x | — | — |
| Earnings growthLatest quarter vs prior-year quarter | 120.5% | 92.0% | 97.2% | 94.6%n=2 |
| Gross marginTrailing twelve months | 17.4% | 15.9% | 14.4% | 15.2%n=2 |
| Net marginTrailing twelve months | 9.3% | 8.8% | 3.5% | 6.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 17.6% | 20.8% | 7.1% | 13.9%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 4.0% | 1.9% | -3.8% | -0.9%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.9% | 0.9% | 3.6% | 2.3%n=2 |
| Earnings payoutProvider trailing dividend payout | 14.3% | 15.4% | 34.8% | 25.1%n=2 |
| Current ratioCurrent assets / current liabilities | 2.46x | 3.15x | 1.71x | 2.43xn=2 |
| BetaProvider historical market sensitivity | 1.81 | 1.44 | 0.58 | 1.01n=2 |
YouTube · Q3 2026 · 2026-10-19
YouTube · Q4 FY2026 · 2026-05-11
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for NUE
Q3 20262026-10-28
FREE RESEARCH PACKET · Q3 2026
Nucor: The Cash Is Real. The Cycle Is Still Expensive.
Stronger prices and lower investment spending rebuild cash, but the stock already pays for a durable steel upswing.
Research published October 28, 2026 · Download original report
Read Research PacketNUE Stock: Cash Is Back. Is the Steel Cycle Priced In? | Q3 2026
Presentation · 2026-10-28 · YouTube
Q1 20262026-04-27
NUE Stock: EPS Beats by 16% — Q1 2026 Earnings Analysis
Presentation · 2026-04-27 · YouTube