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