NUCOR CORP

Listed Company

NUECIK 0000073309NYSELarge AcceleratedSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$32.49B

Net Income

$1.74B

Total Assets

$35.10B

Equity

$20.94B

Shares Out

227.77M

Op. Cash Flow

$3.23B

Business

NUCOR CORP manufactures steel and steel products and produces and procures ferrous and non‑ferrous materials to support its steelmaking operations. It offers sheet, plate, structural and bar steel; joists, decking and tubular products; rebar fabrication; pre‑engineered metal buildings, insulated metal panels, racking and overhead/commercial doors; direct reduced iron (DRI), scrap recycling and brokerage, industrial gases, and international trading and distribution services. The company operates through three reportable segments—steel mills, steel products and raw materials—along with joint ventures and trading/distribution entities. Nucor sells mainly in North America via in‑house sales forces, internal distribution and trading companies to steel service centers, fabricators, construction and manufacturing end users and select international customers.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	32,494	30,734	34,714	41,512	36,484
Cost of products sold	28,616	26,632	26,899	29,009	25,459
Marketing, administrative and other expenses	1,219	1,123	1,585	1,997	1,707
Equity in earnings of unconsolidated affiliates	−35	−30	−13	−11	−103
Losses and impairments of assets	67	137	—	102	62
Interest expense (income), net	59	−30	−30	170	159
Costs, expenses and other, total	29,926	27,832	28,441	31,267	27,283
Earnings before income taxes and noncontrolling interests	2,568	2,902	6,273	10,245	9,201
Provision for income taxes	530	583	1,360	2,166	2,078
Net earnings before noncontrolling interests	2,038	2,319	4,913	8,079	7,122
Earnings attributable to noncontrolling interests	294	292	388	472	295
Net earnings attributable to Nucor stockholders	1,744	2,027	4,525	7,607	6,827
Basic	7.53	8.47	18.05	28.88	23.23
Diluted	7.52	8.46	18	28.79	23.16

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,260	3,558	6,383	4,281	2,365
Short-term investments	439	581	747	577	253
Accounts receivable, net	3,105	2,675	2,953	3,591	3,854
Inventories, net	5,462	5,106	5,578	5,454	6,011
Other current assets	499	555	725	789	317
Total current assets	11,765	12,475	16,386	14,692	12,800
Property, plant and equipment, net	15,306	13,243	11,050	9,617	8,115
Goodwill	4,297	4,288	3,969	3,920	2,827
Other intangible assets, net	2,880	3,134	3,108	3,322	1,104
Other assets	856	800	823	848	834
Total assets	35,104	33,940	35,340	32,479	25,823
Short-term debt	122	225	119	49	108
Current portion of long-term debt and finance lease obligations	90	1,042	74	29	616
Accounts payable	1,890	1,832	2,020	1,650	1,974
Salaries, wages and related accruals	882	903	1,326	1,654	1,495
Accrued expenses and other current liabilities	1,020	975	1,056	948	965
Total current liabilities	4,004	4,977	4,595	4,330	5,157
Long-term debt and finance lease obligations due after one year	6,909	5,683	6,649	6,614	4,961
Deferred credits and other liabilities	2,067	1,863	1,973	1,966	1,100
Total liabilities	12,980	12,523	13,217	12,909	11,219
Commitments and contingencies	—	—	—	—	—
Common stock (800.0 shares authorized; 380.2 and 380.2 shares issued, respectively)	152	152	152	152	152
Additional paid-in capital	2,253	2,223	2,176	2,144	2,141
Retained earnings	31,504	30,271	28,762	24,755	17,674
Accumulated other comprehensive loss, net of income taxes	−194	−208	−162	−137	−115
Treasury stock (151.9 and 147.4 shares, respectively)	−12,779	−12,144	−9,988	−8,498	−5,835
Total Nucor stockholders equity	20,936	20,294	20,940	18,415	14,016
Noncontrolling interests	1,188	1,123	1,183	1,155	587
Total equity	22,124	21,417	22,123	19,570	14,604
Total liabilities and equity	35,104	33,940	35,340	32,479	25,823

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	1,226	1,094	931	827	735
Amortization	254	262	238	235	129
Stock-based compensation	133	132	130	137	136
Deferred income taxes	161	−116	21	−47	12
Distributions from affiliates	46	25	34	57	200,000
Losses and impairments of assets	47	137	—	—	—
Accounts receivable	−428	319	664	501	−1,392
Inventories	−366	518	−75	962	−2,307
Accounts payable	80	−321	361	−496	383
Federal income taxes	124	97	188	−337	314
Salaries, wages and related accruals	2	−385	−291	155	997
Other operating activities	−48	−72	11	−92	142
Cash provided by operating activities	3,234	3,979	7,112	10,072	6,231
Capital expenditures	−3,422	−3,173	−2,214	−1,948	−1,622
Investment in and advances to affiliates	−1	—	−35	−258,000	−237,000
Sale of business	—	1	—	100	—
Disposition of plant and equipment	45	17	15	32	19
Acquisitions (net of cash acquired)	−2	−758	−71	−3,553	−1,426
Purchases of investments	−985	−1,296	−1,472	−914	−494
Proceeds from the sale of investments	1,140	1,487	1,317	590	649
Other investing activities	−1	−12	−36	−10	399,000
Cash used in investing activities	−3,226	−3,734	−2,496	−5,703	−2,874
Net change in short-term debt	−102	105	−25	−59	50
Proceeds from issuance of long-term debt, net of discount	1,217	—	—	2,092	197
Repayment of long-term debt	−1,015	−10	−10	−1,111	—
Bond issuance costs	−9	—	—	−13	—
Proceeds from exercise of stock options	5	4	12	23	145
Payment of tax withholdings on certain stock-based compensation	−32	−53	−49	−64	−73
Distributions to noncontrolling interests	−249	−352	−435	−332	−151
Cash dividends	−512	−522	−515	−534	−483
Acquisition of treasury stock	−700	−2,220	−1,550	−2,760	−3,280
Proceeds from government incentives	77	—	—	275	—
Other financing activities	5	−13	−17	−25	−11
Cash used in financing activities	−1,315	−3,058	−2,593	−2,511	−3,603
Effect of exchange rate changes on cash	9	−16	3	−6	−316,000
(Decrease) increase in cash and cash equivalents and restricted cash and cash equivalents	−1,298	−2,829	2,026	1,852	−246

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