Nucor (NUE) FY2025 10-K Annual Report
Nucor (NUE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Nucor FY2025 10-K Analysis
Business Overview
- • North America's largest steel recycler; EAF-based manufacturer across steel mills (62% of sales), steel products, and raw materials segments
- • Section 232 tariffs fully reinstated in 2025 without exemptions, broadened to ~600 fabricated products; steel imports fell 17.4%, supplying ~18% of U.S. demand
Management Discussion & Analysis
- • Revenue $32.49B, up 6% YoY; volume +7% to 26.6M tons offset by avg price/ton -2% to $1,221
- • Gross margin 12% vs 13% YoY; net margin 5.4% vs 6.6%; ROE 8.5% vs 9.8%; net earnings $1.74B vs $2.03B
Risk Factors
- • Global steel overcapacity ~704M net tons in 2025 (8x U.S. annual output), projected to rise ~20% to 795M net tons by 2027, pressuring U.S. prices
- • Section 232 tariffs fully reinstated in 2025 covering ~600 fabricated steel products, but risk of future modification or repeal remains explicit
Nucor FY2025 Key Financial MetricsXBRL
Revenue
$32.5B
▲ +5.7% YoY
Net Income
$1.7B
▼ -14.0% YoY
Net Margin
5.4%
▼ -123bp YoY
ROE
8.3%
▼ -166bp YoY
Total Assets
$35.1B
▲ +3.4% YoY
EPS (Diluted)
$7.52
▼ -11.1% YoY
Operating Cash Flow
$3.2B
▼ -18.7% YoY
Source: XBRL data from Nucor FY2025 10-K filing on SEC EDGAR. All figures in USD.
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