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How Nucor (NUE) makes money

Nucor (NUE) made $11.2B of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

Nucor: revenue by line, Q1 2025 to Q2 2026Nucor: revenue by line, Q1 2025 to Q2 2026SheetBarOther Steel ProductsStructuralPlateRaw MaterialsJoist and DeckTubular ProductsSheet: $2.9B latest$2.9BBar: $1.9B latest$1.9BOther Steel Products: $1.1B latest$1.1BStructural: $847M latest$847MPlate: $856M latest$856MRaw Materials: $811M latest$811MJoist and Deck: $483M latestTubular Products: $599M latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026
The mix barely moved between Q1 2025 and Q2 2026.
Nucor revenue by quarterNucor revenue by quarter$7.8BQ1 2025$8.5BQ2 2025$8.5BQ3 2025$7.7BQ4 2025$9.5BQ1 2026$10.4BQ2 2026$11.2BQ3 2026
Nucor: where each dollar of revenue goesNucor: where each dollar of revenue goesOperating profit15¢Income tax4¢Net earnings12¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$11.2B100.0%
Operating profit$1.7B15.2%
Income tax$394M3.5%
Net earnings$1.3B11.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$11.2B+32%
Q2 2026$10.4B+23%
Q1 2026$9.5B+21%
Q4 2025$7.7B+9%
Q3 2025$8.5B+14%
Q2 2025$8.5B+5%
Q1 2025$7.8B-4%

From Nucor's 8-K filed Oct 26, 2026 (on EDGAR).

Questions

How does Nucor make money?

Nucor (NUE) made $11.2B of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.

What is Nucor's profit margin?

Net earnings were $1.3B, 11.7% of revenue, in the third quarter 2026; the operating margin was 15.2%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.