Nucor (NUE) Tax Rate (2009 - 2026)

Nucor's (NUE) quarterly Tax Rate came in at 20.62% in Q2 2026, down 8.0% year-on-year from 22.41% in Q2 2025, and up 211.05% quarter-over-quarter from 18.57% in Q4 2025.

Nucor (NUE) Tax Rate (2009 - 2026) Analysis & Trends

Nucor has disclosed Tax Rate across 18 years of filings, most recently posting 20.62% for Q2 2026.

  • Tax Rate for Q2 2026 came in at 20.62%, down 8.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 16.12% (down 304.0% YoY), and the FY2025 annual result was 14.68%, down 541.0% from the prior year.
  • Tax Rate came in at 20.62% for Q2 2026 at Nucor, up from 18.57% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 23.15% in Q2 2022 to a low of 18.57% in Q4 2025.
  • The 5-year median for Tax Rate is 21.47% (2025), against an average of 17.06%.
  • Across the five-year window, Tax Rate soared 1554 bps in 2024 and plunged 3011 bps in 2025, its largest moves.
  • Nucor's Tax Rate stood at 16.98% in 2022, then tumbled by 124 bps to 4.01% in 2023, then jumped by 388 bps to 11.54% in 2024, then tumbled by 261 bps to 18.57% in 2025, then soared by 211 bps to 20.62% in 2026.
  • The last three Tax Rate figures came in at 20.62% (Q2 2026), 18.57% (Q4 2025), and 22.65% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 20.62%
3 ArcelorMittal 51.15 Bn 48.81 Bn - -18.06%
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 22.04%
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 24.01%
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 26.38%
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 24.48%
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 15.98%

Historic Data

Download Data
DateValue
Apr 4, 2026 20.62%
Apr 4, 2026 20.62%
Dec 31, 2025 -18.57%
Dec 31, 2025 -18.57%
Oct 4, 2025 22.65%
Oct 4, 2025 22.65%
Jul 5, 2025 21.47%
Jul 5, 2025 21.47%
Apr 5, 2025 20.70%
Apr 5, 2025 20.70%
Dec 31, 2024 11.54%
Dec 31, 2024 11.54%
Sep 28, 2024 22.11%
Sep 28, 2024 22.11%
Jun 29, 2024 20.71%
Jun 29, 2024 20.71%
Mar 30, 2024 21.71%
Mar 30, 2024 21.71%
Dec 31, 2023 -4.01%
Dec 31, 2023 -4.01%