Materials · Steel · US stock · price as of 16 Oct 2026
Key indicators
Price
$256.29
52-week range
$129.80 – $279.45
Market cap
$58.6B
P/E (trailing)
20.4×
EV / EBITDA
14.8×
Free-cash-flow yield
2.7%
Dividend yield
0.9%
Revenue (last 12 months)
$36.1B
Revenue growth (3y a year)
−7.8%
Operating margin
11.8%
Return on invested capital
12.7%
Net debt / EBITDA
1.0×
Fair value
Blended fair value$398.57 range $372 – $430
Versus priceUndervalued+56% to fair value
Peer multiples
$337.49
Fundamentals-adjusted multiple
$431.72
10-year DCF (market-scaled)
$426.51
Earnings power value (floor, not blended)
$179.68
Model uncertainty
Medium
X-Ray Score
55/ 100 · High confidence · ahead of 57% of sector peers
Valuation67
Growth29
Profitability53
Financial health77
Dividends33
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Nucor is the largest steel producer in the United States by volume. It makes steel in electric arc furnaces that mainly use recycled scrap, and it sells bars, beams, sheet, plate and steel products to construction, automotive, energy and manufacturing customers. Revenue comes from steel shipments, and earnings move with steel prices, scrap costs and construction demand.
The company reported revenue of $36.1 billion over the last twelve months. The three-year trend is a decline of 7.8% a year in revenue. Profitability shows an operating margin of 11.8% and a return on invested capital of 13%. Net debt stands at 1.0 times EBITDA. Shareholders receive a dividend, yielding 0.9%.
StocksXray gives Nucor Corp an X-Ray Score of 55 out of 100 (high confidence), ahead of 57% of the S&P 500 stocks in its sector. Its strongest lens is financial health (77) and its weakest is growth (29).
Our fair value blend is $398.57 (range $371.92 to $430.02). At $256.29 the stock trades 36% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Nucor Corp (NUE)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$106.60
$125.14
$167.38
$113.90
$161.77
$256.29
Market cap
$31.3B
$32.9B
$41.9B
$27.2B
$37.4B
$58.6B
P/E
4.6×
4.3×
9.3×
13.5×
21.5×
20.4×
EV / revenue
1.0×
0.9×
1.2×
1.0×
1.3×
1.8×
EV / EBITDA
3.7×
3.4×
6.6×
9.9×
15.7×
15.1×
Price / free cash flow
6.8×
4.1×
8.6×
33.7×
–
37.0×
Free-cash-flow yield
14.7%
24.7%
11.7%
3.0%
−0.5%
2.7%
Price / book
2.2×
1.8×
2.0×
1.3×
1.8×
2.6×
Dividend yield
1.61%
1.61%
1.24%
1.91%
1.37%
0.87%
Fundamentals checklist ● 8 Good · ● 3 Average · ● 4 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.2%Average
Free-cash-flow yield2.7%Bad
Risk models
Altman Z score6.8×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−36.1%Bad
Revenue growth (3y)−7.8%Bad
Growth consistency50%Bad
Balance sheet
Current ratio2.5×Good
Net debt / EBITDA1.0×Good
Interest cover29.3×Good
Valuation
Fair value vs price1.6×Good
EBIT / EV yield6.6%Good
Profitability
Return on invested capital12.7%Good
Operating margin11.8%Average
Gross profitability15.1%Average
XStocksXray
Nucor Corp (NUE)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
36,484
41,512
34,714
30,734
32,494
36,101
Gross profit
11,025
12,503
7,815
4,102
3,878
5,585
Operating income
9,364
10,464
6,519
3,130
2,738
4,250
Net income
6,827
7,607
4,525
2,027
1,744
2,884
Diluted EPS ($)
23.16
28.79
18.00
8.46
7.52
12.55
Free cash flow
4,609
8,124
4,898
806
-188
1,583
Gross margin
30.2%
30.1%
22.5%
13.3%
11.9%
15.5%
Operating margin
25.7%
25.2%
18.8%
10.2%
8.4%
11.8%
Net margin
18.7%
18.3%
13.0%
6.6%
5.4%
8.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
25,823
32,479
35,340
33,940
35,104
36,954
Cash
2,365
4,281
6,383
3,558
2,260
2,478
Total debt
5,670
6,673
6,828
6,933
7,097
7,099
Equity
14,016
18,415
20,940
20,294
20,936
22,109
Dividend per share ($)
1.72
2.01
2.07
2.17
2.21
2.23
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.