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Nucor vs Steel Dynamics: NUE and STLD compared
Nucor is the larger company: $11.2B of revenue in its latest quarter (Q3 2026) against $6.5B for Steel Dynamics (Q3 2026). Steel Dynamics is growing faster (+35% against +32% a year earlier). Steel Dynamics is more profitable, with an operating margin of 15.5% against 15.2%.
Where the money goes: NUE and STLD
Nucor (NUE) · Q3 2026
Nucor, Q3 2026: revenue $11.2B (+32% year over year), operating margin 15.2%, net earnings $1.3B. The chart follows the revenue to costs, profit and cash.
Steel Dynamics (STLD) · Q3 2026
Steel Dynamics, Q3 2026: revenue $6.5B (+35% year over year), operating margin 15.5%, net earnings $756M, operating cash flow $846M. The chart follows the revenue to costs, profit and cash.
| Nucor (NUE) | Steel Dynamics (STLD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.2B | $6.5B |
| Revenue growth, Y/Y | +32% | +35% |
| Gross margin | — | 19.7% |
| Operating margin | 15.2% | 15.5% |
| Net earnings | $1.3B | $756M |
| Net margin | 11.7% | 11.6% |
| Operating cash flow | — | $846M |
| Free cash flow | — | $696M |
| Market value | $56.0B | $31.9B |
| P/E | 17.2× | 16.4× |
| Analysts’ mean target | $296.81 | $272.68 |
Questions
Which is bigger, Nucor or Steel Dynamics?
Nucor is the larger company: $11.2B of revenue in its latest quarter (Q3 2026) against $6.5B for Steel Dynamics (Q3 2026).
Is Nucor or Steel Dynamics growing faster?
Steel Dynamics is growing faster (+35% against +32% a year earlier).
Which is more profitable, Nucor or Steel Dynamics?
Steel Dynamics is more profitable, with an operating margin of 15.5% against 15.2%.
More: Nucor earnings · how Nucor makes money · Steel Dynamics earnings · how Steel Dynamics makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 26, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.