Nucor (NUE) Operating Margin (2009 - 2026)

Nucor (NUE) posted Operating Margin of 11.83% for Q2 2026, up 72.17% sequentially from 6.87% in Q4 2025, and up 769.0% YoY from 1.36% in Q2 2025.

Nucor (NUE) Operating Margin (2009 - 2026) Analysis & Trends

Nucor has reported Operating Margin for 18 years, with the latest figure at 11.83% in Q2 2026.

Quarterly Operating Margin rose 769.0% year-over-year to 11.83% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 10.12% (up 314.0% YoY) and the FY2025 annual result came in at 8.18%, down 151.0% from the prior year.
Operating Margin climbed to 11.83% in Q2 2026 per NUE's latest filing, from 6.87% in the prior quarter.
Over five years, Operating Margin peaked at 30.02% in Q3 2022 and troughed at 4.14% in Q2 2025.
A 5-year average of 14.86% and a median of 13.47% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2024: Operating Margin surged 898 bps in 2022, then plunged 1059 bps in 2024.
Over 5 years, Operating Margin stood at 19.2% in 2022, then decreased by 30 bps to 13.47% in 2023, then sank by 59 bps to 5.47% in 2024, then climbed by 26 bps to 6.87% in 2025, then jumped by 72 bps to 11.83% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 11.83%, 6.87%, and 10.42% for Q2 2026, Q4 2025, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Ternium	111.42 Bn	101.53 Bn	941.02 Mn	31.54%
2	Nucor	56.95 Bn	54.26 Bn	2.03 Bn	15.67%
3	ArcelorMittal	56.00 Bn	51.15 Bn	-	-
4	Steel Dynamics	33.03 Bn	32.45 Bn	958.97 Mn	11.50%
5	Reliance	19.69 Bn	19.46 Bn	1.30 Bn	9.54%
6	Cleveland-Cliffs	6.62 Bn	6.55 Bn	132.00 Mn	-0.94%
7	Gerdau	5.49 Bn	4.35 Bn	558.98 Mn	17.67%
8	GRUPO SIMEC, S.A.B. de C.V	4.56 Bn	3.00 Bn	-	-
9	Posco Holdings	4.37 Bn	1.87 Bn	1.04 Bn	2.35%
10	Worthington Steel	1.74 Bn	1.65 Bn	118.80 Mn	-8.02%

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