Nucor (NUE) Operating Margin (2009 - 2026)

Nucor's (NUE) quarterly Operating Margin came in at 11.83% in Q2 2026, up 769.0% year-on-year from 1.36% in Q2 2025, and up 72.17% quarter-over-quarter from 6.87% in Q4 2025.

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

Nucor has disclosed Operating Margin across 18 years of filings, most recently posting 11.83% for Q2 2026.

  • Operating Margin for Q2 2026 came in at 11.83%, up 769.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 10.12% (up 314.0% YoY), and the FY2025 annual result was 1.66%, down 803.0% from the prior year.
  • Operating Margin came in at 11.83% for Q2 2026 at Nucor, up from 6.87% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 30.02% in Q3 2022 to a low of 4.14% in Q2 2025.
  • The 5-year median for Operating Margin is 13.47% (2023), against an average of 14.86%.
  • Across the five-year window, Operating Margin soared 898 bps in 2022 and plunged 1059 bps in 2024, its largest moves.
  • Nucor's Operating Margin stood at 19.2% in 2022, then fell by 30 bps to 13.47% in 2023, then sank by 59 bps to 5.47% in 2024, then gained by 26 bps to 6.87% in 2025, then surged by 72 bps to 11.83% in 2026.
  • The last three Operating Margin figures came in at 11.83% (Q2 2026), 6.87% (Q4 2025), and 10.42% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn 7.37%
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 11.83%
3 ArcelorMittal 51.15 Bn 48.81 Bn - 4.87%
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 10.34%
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 9.14%
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -4.33%
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -51.70%
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn 44.81%
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 0.40%
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 9.15%

Historic Data

Download Data
DateValue
Apr 4, 2026 11.83%
Dec 31, 2025 6.87%
Oct 4, 2025 10.42%
Jul 5, 2025 10.87%
Apr 5, 2025 4.14%
Dec 31, 2024 5.47%
Sep 28, 2024 6.90%
Jun 29, 2024 11.14%
Mar 30, 2024 14.48%
Dec 31, 2023 13.47%
Sep 30, 2023 17.49%
Jul 1, 2023 21.51%
Apr 1, 2023 18.47%
Dec 31, 2022 19.20%
Oct 1, 2022 22.44%
Jul 2, 2022 30.02%
Apr 2, 2022 27.96%
Dec 31, 2021 29.15%
Oct 2, 2021 27.92%
Jul 3, 2021 23.74%