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| Date | Value |
|---|---|
| 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% |