← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Nucor shipped 7% more steel and grew sales 5.7% to $32.49B, but lower steel products prices cut net income 14.0% to $1.74B and heavy mill building pushed free cash flow negative
The read at a glance✓ Audited against SEC data
- Growth — Sales up 5.7% to $32.49B; outside shipments up 7%OK
- Profitability — Net income down 14.0% to $1.74B; gross margin down 142 bps to 11.93%Watch
- Cash flow — Free cash flow -$188.0M as capital spending rose 7.8% to $3.42BWatch
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; earnings quality safeNote
- Capital allocation — Buybacks cut 68.4% to $700.0M; dividends $512.0MNote
- Order book — Steel mills backlog $3.35 billion, up from $2.13 billionOK
Business
Nucor is North America's largest recycler and its most diversified steel producer, melting scrap in electric arc furnaces to make sheet, bar, structural and plate steel, then turning a fifth of that steel into joists, deck, tubing, rebar, metal buildings, racking and doors. Its own scrap brokerage and direct reduced iron plants feed the mills. Nonresidential construction is the largest end market, and a pay-for-performance system lets labor costs fall with production.
Where the revenue comes from
Fiscal 2025, as NUCOR CORP reports it. History and quarterly detail are in the app.
- Steel Mills$20.0B
- Steel Products$10.3B
- Raw Materials$2.2B
Leadership changes
From NUCOR CORP's own filings, the day they're filed.
- Daniel R. Needham · President · departureeff. 2026-06-20
- Stephen D. Laxton · President · appointmenteff. 2026-03-01
- Stephen D. Laxton · President · appointmenteff. 2026-01-01
Latest filings
- 10-Q · Quarterly report2026-08-12
- 8-K · Company announcement2026-07-27
- 8-K · Company announcement2026-05-19
- 10-Q · Quarterly report2026-05-13
- 8-K · Company announcement2026-04-27
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about NUCOR CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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