Nucor (NUE) financial statements
Nucor reported revenue of $32.5B in fiscal 2025, up 8.0% a year over 9 years.
Net income was $1.7B.
Free cash flow was -$188M, and the company returned $512M in dividends and $700M in net buybacks.
The diluted share count fell 28% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nucor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2B | $20.3B | $25.1B | $22.6B | $20.1B | $36.5B | $41.5B | $34.7B | $30.7B | $32.5B |
| Cost of revenue | $14.2B | $17.7B | $20.8B | $19.9B | $17.9B | $25.5B | $29.0B | $26.9B | $26.6B | $28.6B |
| Gross profit | $2.0B | $2.6B | $4.3B | $2.7B | $2.2B | $11.0B | $12.5B | $7.8B | $4.1B | $3.9B |
| Selling, general and admin | $597M | $688M | $861M | $711M | $615M | $1.7B | $2.0B | $1.6B | $1.1B | $1.2B |
| Interest expense | $181M | $187M | $161M | $157M | $167M | $163M | $219M | $246M | $228M | $170M |
| Pre-tax income | $1.3B | $1.7B | $3.2B | $1.8B | $836M | $9.2B | $10.2B | $6.3B | $2.9B | $2.6B |
| Income tax | $398M | $369M | $748M | $412M | -$490,000 | $2.1B | $2.2B | $1.4B | $583M | $530M |
| Net income | $796M | $1.3B | $2.4B | $1.3B | $721M | $6.8B | $7.6B | $4.5B | $2.0B | $1.7B |
| EPS (diluted) | $2.48 | $4.10 | $7.42 | $4.14 | $2.36 | $23.16 | $28.79 | $18.00 | $8.46 | $7.52 |
| Diluted shares | 320M | 321M | 317M | 306M | 303M | 293M | 263M | 250M | 238M | 231M |
| Gross margin | 12.5% | 12.7% | 17.1% | 11.9% | 11.1% | 30.2% | 30.1% | 22.5% | 13.3% | 11.9% |
| Net margin | 4.9% | 6.5% | 9.4% | 5.6% | 3.6% | 18.7% | 18.3% | 13.0% | 6.6% | 5.4% |
Balance sheet
Fiscal years, from Nucor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.2B | $999M | $1.4B | $1.8B | $3.0B | $2.6B | $4.9B | $7.1B | $4.1B | $2.7B |
| Receivables | $1.6B | $2.0B | $2.5B | $2.2B | $2.3B | $3.9B | $3.6B | $3.0B | $2.7B | $3.1B |
| Inventory | $2.5B | $3.5B | $4.6B | $3.8B | $3.6B | $6.0B | $5.5B | $5.6B | $5.1B | $5.5B |
| Total current assets | $6.5B | $6.8B | $8.6B | $8.2B | $9.5B | $12.8B | $14.7B | $16.4B | $12.5B | $11.8B |
| Property, plant and equipment | $5.1B | $5.1B | $5.3B | $6.2B | $6.9B | $8.1B | $9.6B | $11.1B | $13.2B | $15.3B |
| Goodwill | $2.1B | $2.2B | $2.2B | $2.2B | $2.2B | $2.8B | $3.9B | $4.0B | $4.3B | $4.3B |
| Total assets | $15.2B | $15.8B | $17.9B | $18.3B | $20.1B | $25.8B | $32.5B | $35.3B | $33.9B | $35.1B |
| Total current liabilities | $2.4B | $2.8B | $2.8B | $2.5B | $2.6B | $5.2B | $4.3B | $4.6B | $5.0B | $4.0B |
| Long-term debt | $3.7B | $3.2B | $4.2B | $4.3B | $5.3B | $5.0B | $6.6B | $6.6B | $5.7B | $6.9B |
| Total liabilities | $7.0B | $6.8B | $7.7B | $7.6B | $8.9B | $11.2B | $12.9B | $13.2B | $12.5B | $13.0B |
| Shareholders' equity | $7.9B | $8.7B | $9.8B | $10.4B | $10.8B | $14.0B | $18.4B | $20.9B | $20.3B | $20.9B |
| Net debt | $2.3B | $2.8B | $2.8B | $2.8B | $2.6B | $3.2B | $2.3B | $326M | $3.1B | $4.7B |
Cash flow
Fiscal years, from Nucor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.8B | $1.1B | $2.4B | $2.8B | $2.7B | $6.2B | $10.1B | $7.1B | $4.0B | $3.2B |
| Capital spending | $605M | $449M | $983M | $1.5B | $1.5B | $1.6B | $1.9B | $2.2B | $3.2B | $3.4B |
| Free cash flow | $1.1B | $607M | $1.4B | $1.3B | $1.2B | $4.6B | $8.1B | $4.9B | $806M | -$188M |
| Stock-based compensation | $57M | $64M | $73M | $90M | $74M | $136M | $137M | $130M | $132M | $133M |
| Dividends paid | $481M | $485M | $485M | $492M | $492M | $483M | $534M | $515M | $522M | $512M |
| Share buybacks (net) | -$5M | -$90M | -$854M | -$299M | -$39M | -$3.3B | -$2.8B | -$1.6B | -$2.2B | -$700M |
| Net borrowing | -$33M | -$565M | $501M | $5M | $1.1B | $247M | $922M | -$35M | $95M | $100M |
| Free cash flow margin | 7.1% | 3.0% | 5.6% | 5.9% | 5.7% | 12.6% | 19.6% | 14.1% | 2.6% | -0.6% |
| Dividends per share | $1.50 | $1.51 | $1.53 | $1.61 | $1.62 | $1.65 | $2.03 | $2.06 | $2.19 | $2.22 |
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Open NUE in InvestinglyQuestions
What was Nucor's revenue in 2025?
$32.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Nucor generate?
-$188M in fiscal 2025 (operating cash flow minus capital spending).
From Nucor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.