Reading the tape
NYSE: NUE
Nucor Corporation
Basic Materials · Steel
Market Cap
$51.43B
52w High
$227.96
52w Low
$106.21
P/E
22.17
Volume
979.54K
Outstanding Shares
227.78M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 87.41%Revenue (TTM): 12.27%FCF (TTM): 2.11%P/FCF: 100th pct
What changed
The stock rose 87.41% over the last year. Revenue grew 12.27% over the trailing twelve months. Operating margin moved from 6.98% to 10.04%. Free cash flow grew 2.11% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 10.04% — continued expansion would be needed to justify the premium. Revenue growth of 12.27% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Nucor Corporation manufactures and sells steel and steel products.
CEOLeon J. Topalian
SectorBasic Materials
IndustrySteel
Employees32,700
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA10.35
Enterprise value$42.49B
Stock splits
Jun 1, 2006↑ Forward
Every 1 shares became 2
Oct 18, 2004↑ Forward
Every 1 shares became 2
Sep 20, 1993↑ Forward
Every 1 shares became 2
Jun 22, 1992↑ Forward
Every 1 shares became 2
Jun 18, 1986↑ Forward
Every 2 shares became 3
Sep 21, 1983↑ Forward
Every 1 shares became 2
Jun 19, 1979↑ Forward
Every 2 shares became 3
Sep 18, 1978↑ Forward
Every 5 shares became 7
Profitability & growth
Revenue growth21.28%
Gross margin13.98%▼10.58%vs FY2024
Operating margin10.04%▼15.58%vs FY2024
ROE8.33%▼16.60%vs FY2024
Analyst consensus
RatingBuy
Target price$222.83▼1.32%
19
Buy
10
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 27, 2026
Q3 FY26 · EPS est $4.12 · Revenue est $10.02B
View
Dividends
$2.22/shareQuarterlyDividend Achiever · 16yrAt RiskNUE pays a dividend with a 0.98% dividend yield, 16 consecutive years of growth, growing at 6.57% annually, covered -0.4× by free cash flow.
Dividend Yield
0.98%
Annual Div / Share
$2.22
5yr CAGR
+6.57%
Doubles every ~10.9yr
Payout Ratio
21.96%
At Risk
Dividend Growth Rate
3yr CAGR
+3.2%
5yr CAGR
+6.57%
10yr CAGR
+4.03%
Dividend Safety
5/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.22+1.8%
2024$2.18+3.8%
2023$2.10+4.0%
2022$2.02+11.6%
2021$1.81+12.1%
2020$1.61+0.6%
2019$1.60+2.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$10/yr
$1/mo
In 5 yrs
$14/yr+37%
$1/mo
In 10 yrs
$19/yr+89%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $14/yr+37% $1/mo | $19/yr+89% $2/mo |
Yield-on-cost grows from 0.98% → 1.86% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
NUE has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 6.57% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.37× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.