Nucor (NUE) Tax Rate (2009 - 2026)
Nucor's Tax Rate came in at 21.23% for Q2 2026, down 0.24 percentage points from 21.47% a year earlier but up 0.61 percentage points from the prior quarter.
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Analysis
Nucor (NUE) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 4, 2026, Nucor reported Tax Rate of 20.68%, up 1.17 percentage points year-over-year; for FY2025, it was 20.64%, up 0.55 percentage points from FY2024.
- Tax Rate carries a five-year change of +20.70 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 20.09% in FY2024 (-1.59 pp), 21.68% in FY2023 (+0.54 pp), 21.14% in FY2022 (-1.45 pp) and 22.59% in FY2021 (+22.65 pp).
- The five-year range for quarterly Tax Rate is 11.54% (Q4 2024) to 23.15% (Q1 2022).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -0.31 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2021 (a gain of 117.76 percentage points), and the weakest in Q4 2022 (a drop of 8.64 percentage points).
- Business Quant data shows NUE's Tax Rate at 20.62% (Q1 2026), 15.57% (Q4 2025) and 22.65% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 168.96 Bn | 147.82 Bn | 2.90 Bn | - |
| 3 | Newmont | 123.37 Bn | 91.54 Bn | 4.03 Bn | 31.74% |
| 4 | Ternium | 107.07 Bn | 72.12 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 101.67 Bn | 97.82 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 92.92 Bn | 92.92 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 69.09 Bn | 53.83 Bn | 2.90 Bn | - |
| 8 | Nucor | 53.61 Bn | 44.15 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 51.72 Bn | 32.74 Bn | - | - |
| 10 | AngloGold Ashanti | 47.78 Bn | 37.45 Bn | 1.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 21.23% |
| Apr 4, 2026 | 20.62% |
| Dec 31, 2025 | 15.57% |
| Oct 4, 2025 | 22.65% |
| Jul 5, 2025 | 21.47% |
| Apr 5, 2025 | 20.70% |
| Dec 31, 2024 | 11.54% |
| Sep 28, 2024 | 22.11% |
| Jun 29, 2024 | 20.71% |
| Mar 30, 2024 | 21.71% |
| Dec 31, 2023 | 19.04% |
| Sep 30, 2023 | 21.11% |
| Jul 1, 2023 | 22.57% |
| Apr 1, 2023 | 22.87% |
| Dec 31, 2022 | 13.56% |
| Oct 1, 2022 | 22.55% |
| Jul 2, 2022 | 21.86% |
| Apr 2, 2022 | 23.15% |
| Dec 31, 2021 | 22.20% |
| Oct 2, 2021 | 22.51% |
API Access
Nucor Tax Rate 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=tax-rate&ticker=NUE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NUE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();