NUCOR CORP
$251.73
−9.02 (−3.46%) · delayed · Nov 13, 2026
Five-year price
52w $146.00 to $287.70
- Market cap
- $56.6B
- Enterprise value
- $61.3B
- P/E
- 33.5×
- 22.2× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- −0.3%
- ROIC
- —
- Debt / equity
- 0.33
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
75
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ●ROE > 15% (5y avg)5y avg ROE 26.0%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ○Earnings convert to cashFCF / net income 62% (5y avg)
- ●Growing revenueRevenue CAGR 5y 10.0%
- ●Shrinking share countDiluted shares -23.8% over 5y
Value
25
- ○P/E below 15P/E 33.5
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -0.3%
- ○Price below Graham NumberGraham Number $125.49
- ●P/B below 3P/B 2.7
Safety
100
- ●Debt / equity below 0.5D/E 0.33
- ●Debt payable in < 4 yrs of earningsNet debt $4.7B
- –Interest coverage > 8xCoverage n/ax
- ●Current ratio > 1.5Current ratio 2.94
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
71
- ●Adequate size (revenue > $2B)Revenue $32.5B
- ●Strong condition (current ratio ≥ 2)Current ratio 2.94
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 143%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 22.2
- ○P/E × P/B ≤ 22.5Product 60.1
Valuation lab
What do you have to believe?
Starting cash flow
Net debt $4.7B · 225M shares · 5y revenue CAGR 10.0%
Intrinsic value
$206.24
Price
$251.73
Premium paid
22%
What the price implies
The market is paying for 12.4% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
62% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16,208 | 20,252 | 25,067 | 22,589 | 20,140 | 36,484 | 41,512 | 34,714 | 30,734 | 32,494 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 1,299 | 1,750 | 3,229 | 1,783 | 836 | 9,201 | 10,245 | 6,273 | 2,902 | 2,568 |
| Income tax | 398 | 369 | 748 | 412 | (0) | 2,078 | 2,166 | 1,360 | 583 | 530 |
| Net income | 796 | 1,319 | 2,361 | 1,271 | 721 | 6,827 | 7,607 | 4,525 | 2,027 | 1,744 |
| EPS (diluted) | 2.48 | 4.10 | 7.42 | 4.14 | 2.36 | 23.16 | 28.79 | 18.00 | 8.46 | 7.52 |
| Diluted shares | 320 | 321 | 317 | 306 | 303 | 293 | 263 | 250 | 239 | 231 |
Who owns it