Filing Flows › Materials › Nucor (NUE)
Nucor (NUE) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 26, 2026
Q3 2026 Revenue up 32% year over year to $11.2B · 12¢ of every $1 of revenue kept as net profit · operating margin 15.2%
Nucor made $11.2B in Q3 2026 (+32% Y/Y). Operating margin 15.2%, net earnings $1.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 26, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $11.2B in Q3 2026, up 32% year over year and up 8% from the previous quarter.
Operating profit was $1.7B, a 15.2% margin (up 4.9 points year over year). Of the extra revenue versus Q3 2025, 30% reached operating profit, above the 10% margin then. Total costs grew 25% against revenue growth of 32%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $1.3B, up 117% year over year. The effective tax rate was 23.0%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Oct 26, 2026 | $11.2B | +32% | 15.2% | $1.3B | — |
| Q2 2026 | 10-Q | Aug 12, 2026 | $10.4B | +23% | 15.6% | $1.2B | $1.4B |
| Q1 2026 | 10-Q | May 13, 2026 | $9.5B | +21% | 11.5% | $743M | $886M |
| Q4 2025 | 10-K | Feb 25, 2026 | $7.7B | +9% | 6.5% | $378M | $799M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $8.5B | +14% | 10.4% | $607M | $1.3B |
| Q2 2025 | 10-Q | Aug 13, 2025 | $8.5B | +5% | 10.6% | $603M | $732M |
| Q1 2025 | 10-Q | May 14, 2025 | $7.8B | -4% | 3.6% | $156M | $364M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.
In its own words, from its 8-K, filed Jul 27, 2026.
Nucor against its Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +32% against the peers' median +10%. Operating margin: 15.2% against the peers' median 9.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NUE Nucor | Q3 2026 | $11.2B | +32% | 15.2% |
| STLD Steel Dynamics | Q3 2026 | $6.5B | +35% | 15.5% |
| CMC Commercial Metals | Q4 FY26 | $2.7B | +26% | 8.6% |
| CRS Carpenter Technology | Q1 FY27 | $798M | +9% | 24.6% |
| SXC SunCoke Energy | Q3 2026 | $486M | -0.2% | 8.4% |
| MTUS Metallus | Q3 2026 | $337M | +10% | 9.6% |
| TWI Titan International | Q3 2026 | $335M | -6% | -0.3% |
Source: Nucor 8-K on SEC EDGAR · CIK 73309 · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Guidance and outlook
13F: who owns NUE and who is buying
More on NUE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results