Nucor (NUE) Gross Margin (2009 - 2026)
Nucor (NUE) reported Gross Margin of 19.56% for Q2 2026, up 5.10 percentage points from 14.46% a year earlier and up 3.76 percentage points from the prior quarter.
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Analysis
Nucor (NUE) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 4, 2026, Nucor's Gross Margin came in at 15.47%, up 5.04 percentage points year-over-year; for FY2025, it was 11.93%, down 1.41 percentage points from FY2024.
- Gross Margin has declined for four consecutive years, though with a five-year change of +0.87 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 13.35% in FY2024 (-9.17 pp), 22.51% in FY2023 (-7.61 pp), 30.12% in FY2022 (-0.10 pp) and 30.22% in FY2021 (+19.16 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q3 2023.
- Year over year, Gross Margin has now increased in each of the last four quarters, with an average year-over-year change of -1.62 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2021 (a gain of 22.84 percentage points); the low point was Q3 2024 (a drop of 11.71 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.81% (Q1 2026), 11.21% (Q4 2025) and 13.94% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 168.96 Bn | 147.82 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 123.37 Bn | 91.54 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 107.07 Bn | 72.12 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 101.67 Bn | 97.82 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 92.92 Bn | 92.92 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 69.09 Bn | 53.83 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 53.61 Bn | 44.15 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 51.72 Bn | 32.74 Bn | - | - |
| 10 | AngloGold Ashanti | 47.78 Bn | 37.45 Bn | 1.70 Bn | 54.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 19.56% |
| Apr 4, 2026 | 15.81% |
| Dec 31, 2025 | 11.21% |
| Oct 4, 2025 | 13.94% |
| Jul 5, 2025 | 14.46% |
| Apr 5, 2025 | 7.73% |
| Dec 31, 2024 | 8.86% |
| Sep 28, 2024 | 10.18% |
| Jun 29, 2024 | 14.78% |
| Mar 30, 2024 | 18.72% |
| Dec 31, 2023 | 18.09% |
| Sep 30, 2023 | 21.89% |
| Jul 1, 2023 | 26.27% |
| Apr 1, 2023 | 22.94% |
| Dec 31, 2022 | 24.04% |
| Oct 1, 2022 | 27.08% |
| Jul 2, 2022 | 34.80% |
| Apr 2, 2022 | 32.96% |
| Dec 31, 2021 | 33.99% |
| Oct 2, 2021 | 33.03% |
API Access
Nucor Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NUE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NUE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NUE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();