NYSE$NUE

Nucor Corp · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Nucor reported a profitable Q4 with $378M in net income and strong contributions from new facilities.

Nucor posted solid Q4 2025 results with $7.69B in revenue and $378M in net income, driven by contributions from new projects and robust demand heading into 2026.

  • Reported net income of $378M and adjusted EPS of $1.73
  • Revenue reached $7.69B in the quarter
  • Steel mills segment earnings were impacted by lower volumes and margin compression
  • Outlook for Q1 2026 projects higher earnings across all segments

Headline financials

Total Revenue

$7.69B

Previous: $7.08B+8.6%
EPS (adj)

$1.73

Previous: $1.22+41.8%
Avg. Sales Price per Ton

$1.24K

Previous: $1.17K+6.3%
Total External Shipments

6.2M

Previous: 6.1M+2.2%
Steel Mill Utilization

82.0%

Previous: 74.0%+10.8%
Pre-Op & Start-Up Costs

$87M

Previous: $164M-47.0%
Net Income

$423M

Previous: $345M+22.6%
Operating Income

$501M

Previous: $390M+28.5%
Gross Profit

$862M

Previous: $627M+37.5%
Cash & Equivalents

$2.26B

No prior period
Total Assets

$35.1B

No prior period

Revenue & EPS history

Nucor · Revenue · Quarterly

$7.69B

Q4 2025+8.6%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Nucor · $1.76B total across 3 segments · Q3 2023

  • Steel Mills
    $883M
  • Steel Products
    $807M
  • Raw Materials
    $71.4M

Forward guidance

Nucor expects Q1 2026 earnings to rise across all operating segments, led by steel mills.

Tailwinds

  • Steel mills to benefit from higher volumes and realized prices
  • Steel products expected to see improved volumes and stable pricing
  • Raw materials segment earnings projected to increase
  • Robust demand in key end markets
  • Strong backlogs and supportive federal policies

Headwinds

  • Steel mills faced margin compression in Q4
  • Higher average costs impacted steel products segment
  • Q4 earnings declined sequentially from Q3
  • Scheduled outages affected raw materials earnings
  • Closure and impairment costs weighed on profitability

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.6%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.0%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+11.2%

Q3 2022

Best reaction

-8.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+0.3%
Q4 2025+0.8%+5.1%
Q3 2025+5.4%+4.1%+10.4%
Q2 2025-1.7%+2.5%-8.6%
Q1 2025+1.9%+5.5%-6.5%
Q4 2024+3.8%+5.3%+10.5%
Q3 2024-7.7%-10.6%-6.4%
Q2 2024-0.6%-1.0%-9.9%
Q1 2024-8.7%-8.3%-10.6%
Q4 2023+7.9%+4.7%+9.8%
Q3 2023+4.1%+4.8%+11.3%
Q2 2023+5.5%+3.1%+1.9%
Q1 2023+4.0%+0.2%-6.1%
Q4 2022+6.5%+7.9%+3.7%
Q3 2022+11.2%+12.0%+16.5%
Q2 2022+1.8%+4.7%+17.3%
Q1 2022-4.8%-7.2%-29.1%
Q4 2021+7.3%+15.5%+39.8%
Q3 2021-2.7%+6.0%+7.3%
Q2 2021+1.5%+5.9%+25.3%
Q1 2021-2.9%+0.6%+27.4%
Q4 2020-5.1%-1.7%+16.5%
Q3 2020+3.6%-0.5%+8.5%
Q2 2020+1.4%+1.0%+5.8%
Q1 2020+4.9%+1.2%+5.1%
Q4 2019-2.3%-3.4%-15.0%
Q3 2019+2.3%+3.9%+4.7%
Q2 2019+3.7%+3.4%-10.9%
Q1 2019+2.4%-1.0%-9.8%
Q4 2018+3.1%+5.1%+3.5%
Q3 2018-1.2%-0.8%+7.0%
Q2 2018+1.0%+3.4%-4.9%
Q1 2018-2.9%-4.8%+0.2%
Q4 2017-3.0%-7.0%-2.2%
Q3 2017+4.7%+4.4%-4.3%
Q2 2017-0.7%+0.4%-10.8%
Q1 2017+4.1%+5.8%-1.7%
Q4 2016-5.3%-4.6%+4.2%
Q3 2016-0.3%-2.1%+22.5%
Q2 2016-2.5%-0.7%-7.5%
Q1 2016-1.5%
Q4 2015+9.4%
Q3 2015+7.9%
Q2 2015+1.1%
Q1 2015+2.8%
Q4 2014-0.7%
Q3 2014+2.1%
Q2 2014+0.6%
Q1 2014-2.7%
Q4 2013+0.0%
Q3 2013+2.5%
Q2 2013+0.8%
Q1 2013-0.4%
Q4 2012-1.9%
Q3 2012+0.3%
Q2 2012-1.9%
Q1 2012-6.0%
Q4 2011-1.4%
Q3 2011-3.0%
Q2 2011+0.2%
Q1 2011+1.5%
Q4 2010-0.7%
Q3 2010+1.8%
Q2 2010-2.9%
Q1 2009+0.4%
Q1 2010+3.4%
Q4 2009-1.6%
Q4 2007-1.6%
Q3 2009+0.2%
Q3 2008+0.2%
Q2 2009-1.0%
Q2 2008-1.0%
Q4 2008-1.0%

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