Nucor (NUE) Operating Expenses (2009 - 2026)
Nucor's Operating Expenses came in at $405 million for Q2 2026, up 33.2% from $304 million a year earlier and up 7.1% from the prior quarter.
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Analysis
Nucor (NUE) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 4, 2026, Nucor reported Operating Expenses of $1.42 billion, up 32.6% year-over-year; for FY2025, it was $1.22 billion, up 8.5% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 14.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.12 billion in FY2024 (-29.1%), $1.59 billion in FY2023 (-20.6%), $2 billion in FY2022 (+17.0%) and $1.71 billion in FY2021 (+177.5%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q2 2023.
- Year-over-year, Operating Expenses has increased for five consecutive quarters, with growth averaging 5.7% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 225.8%), and the weakest in Q3 2024 (a decline of 36.7%).
- Business Quant data shows NUE's Operating Expenses at $378 million (Q1 2026), $334 million (Q4 2025) and $300 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn | 9.38 Bn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn | 1.88 Bn |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn | 3.20 Bn |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn | 848.62 Mn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn | 146.67 Mn |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn | 5.19 Bn |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn | 177.00 Mn |
| 10 | ArcelorMittal | 49.98 Bn | 33.48 Bn | - | 784.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 3, 2026 | 9.38 Bn |
| Jul 4, 2026 | 8.77 Bn |
| Apr 4, 2026 | 8.40 Bn |
| Dec 31, 2025 | 7.19 Bn |
| Oct 4, 2025 | 7.64 Bn |
| Jul 5, 2025 | 7.56 Bn |
| Apr 5, 2025 | 7.55 Bn |
| Dec 31, 2024 | 6.69 Bn |
| Sep 28, 2024 | 7.06 Bn |
| Jun 29, 2024 | 7.18 Bn |
| Mar 30, 2024 | 6.91 Bn |
| Dec 31, 2023 | 6.63 Bn |
| Sep 30, 2023 | 7.23 Bn |
| Jul 1, 2023 | 7.47 Bn |
| Apr 1, 2023 | 7.11 Bn |
| Dec 31, 2022 | 7.19 Bn |
| Oct 1, 2022 | 8.18 Bn |
| Jul 2, 2022 | 8.30 Bn |
| Apr 2, 2022 | 7.60 Bn |
| Dec 31, 2021 | 7.36 Bn |
API Access
Nucor Operating Expenses 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=operating-expenses&ticker=NUE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NUE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();