Nucor Corporation (NUE)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Nucor as a cyclical steel producer, not a consumer staple. In fiscal Q2 2026, the quarter ended 2026-07-04, revenue was $10.4B and net income $1.2B, versus revenue of $8.5B and net income of $603.0M in fiscal Q2 2025, the quarter ended 2025-07-05. That is a sharp rebound. Yet the longer record reminds us steel prices and volumes swing: fiscal year 2023 (period ended 2023-12-31) produced $34.7B revenue, $4.5B net income and $18.00 diluted EPS, while fiscal year 2025 (period ended 2025-12-31) saw revenue of $32.5B, net income of $1.7B and diluted EPS of $7.52. The business has real strengths: it spans Steel Mills, Steel Products, and Raw Materials, and it carries modest debt-to-equity of 0.31. I see a modest competitive moat at best, tied to its product breadth across three segments, but steel remains a commodity. FairStock's Piotroski F-Score of 8/9 and Altman Z-Score of 4.46 suggest a sound financial position. FairStock calculates ROCE of 7.32% and ROE of 14.55%, which are not exceptional through the cycle. At the 2026-10-13 close of $253.80, FairStock calculates a P/E of 20.27, P/B of 2.60, FCF yield of 2.7%, and a Graham Number of $165.69, leaving a negative 53.18% margin of safety. The PEG of 0.64 and EV/EBITDA of 10.79 imply the market expects growth, but a steel cyclical earning $7.52 per diluted share in fiscal year 2025 is not obviously cheap at this price. I prefer to buy such businesses when pessimism is high and price is near tangible value. Today, quality is decent; the price asks for continued earnings recovery.

In plain English: Nucor makes steel and steel products used in construction, manufacturing, and other industries. The business is cyclical, and profits have swung widely, but the latest quarter showed higher sales and earnings than a year earlier. At $253.80, the stock looks expensive compared with conservative estimates of its earnings and asset value, so much depends on whether steel demand stays strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-07-04) · fiscal Q1 2026 10-Q (period ended 2026-04-04) · fiscal Q3 2025 10-Q (period ended 2025-10-04) · fiscal Q2 2025 10-Q (period ended 2025-07-05) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer