Nucor (NUE) Tax Rate (2009 - 2026)
Nucor's (NUE) quarterly Tax Rate came in at 21.23% in Q3 2026, down 24.0% year-over-year from 27.94% in Q3 2025, and up 2.96% quarter-over-quarter from 20.62% in Q2 2026.
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Analysis
Nucor (NUE) Tax Rate (2009 - 2026) Analysis & Trends
Nucor has disclosed Tax Rate across 18 years of filings, most recently posting 21.23% for Q3 2026.
- In Q3 2026, Tax Rate fell 24.0% year-over-year to 21.23%; the TTM figure through Jul 2026 stood at 20.9% (down 452.0% YoY), while the FY2025 annual figure was 20.99%, down 310.0% from the prior year.
- Tax Rate came in at 21.23% for Q3 2026 at Nucor, up from 20.62% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 41.28% in Q4 2024 to a low of 16.63% in Q4 2022.
- Average Tax Rate over 5 years is 22.2%, with a median of 21.59% recorded in 2024.
- Year-over-year, Tax Rate surged 2224 bps in 2024 and sank 2392 bps in 2025.
- Over 5 years, Tax Rate stood at 16.63% in 2022, then advanced by 15 bps to 19.04% in 2023, then surged by 117 bps to 41.28% in 2024, then tumbled by 58 bps to 17.37% in 2025, then advanced by 22 bps to 21.23% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.23% in Q3 2026, 20.62% in Q2 2026, and 17.37% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 114.02 Bn | 104.12 Bn | 941.02 Mn | -4.70% |
| 2 | Nucor | 58.75 Bn | 56.06 Bn | 2.03 Bn | 21.23% |
| 3 | Steel Dynamics | 34.64 Bn | 34.06 Bn | 958.97 Mn | 22.34% |
| 4 | Gerdau | 10.07 Bn | 9.00 Bn | 558.98 Mn | -27.59% |
| 5 | Commercial Metals | 7.63 Bn | 7.07 Bn | 455.14 Mn | 8.38% |
| 6 | Cleveland-Cliffs | 6.92 Bn | 6.85 Bn | 132.00 Mn | 13.16% |
| 7 | Posco Holdings | 4.73 Bn | -4.95 Bn | 1.11 Bn | -16.44% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.76 Bn | -1.07 Bn | 579.08 Mn | -30.63% |
| 10 | SunCoke Energy | 874.57 Mn | 831.87 Mn | 100.40 Mn | 23.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 21.23% |
| Apr 4, 2026 | 20.62% |
| Dec 31, 2025 | 17.37% |
| Oct 4, 2025 | 22.65% |
| Jul 5, 2025 | 21.47% |
| Apr 5, 2025 | 20.70% |
| Dec 31, 2024 | 41.28% |
| 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 | 16.63% |
| 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% |