Latest Ratios: P/E Ratio 30.2x · EV/EBITDA 13.7x · ROE 8.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $51.8B | $37.7B | $27.8B | $43.6B | $34.7B | $33.5B | $16.1B | $17.2B | $16.4B | $20.4B | $19.0B |
| Enterprise Value | $56.7B | $42.5B | $31.2B | $44.0B | $37.1B | $36.8B | $18.8B | $20.0B | $19.3B | $23.2B | $21.3B |
| P/E Ratio → | 30.24 | 21.69 | 13.80 | 9.67 | 4.58 | 4.93 | 22.54 | 13.59 | 6.95 | 15.51 | 24.00 |
| P/S Ratio | 1.59 | 1.16 | 0.91 | 1.26 | 0.84 | 0.92 | 0.80 | 0.76 | 0.65 | 1.01 | 1.17 |
| P/B Ratio | 2.37 | 1.70 | 1.30 | 1.97 | 1.77 | 2.29 | 1.44 | 1.59 | 1.61 | 2.24 | 2.31 |
| P/FCF | — | — | 34.54 | 8.90 | 4.27 | 7.27 | 13.98 | 12.91 | 11.63 | 33.61 | 16.62 |
| P/OCF | 16.02 | 11.65 | 7.00 | 6.13 | 3.44 | 5.38 | 5.98 | 6.12 | 6.85 | 19.33 | 10.88 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.31 | 1.02 | 1.27 | 0.89 | 1.01 | 0.94 | 0.89 | 0.77 | 1.15 | 1.32 |
| EV / EBITDA | 13.69 | 10.27 | 7.20 | 5.95 | 3.21 | 3.61 | 10.53 | 7.42 | 4.65 | 8.91 | 10.09 |
| EV / EBIT | 21.31 | 16.19 | 9.98 | 6.76 | 3.53 | 3.93 | 18.79 | 10.31 | 5.69 | 12.00 | 14.43 |
| EV / FCF | — | — | 38.74 | 8.99 | 4.57 | 7.99 | 16.32 | 15.05 | 13.68 | 38.30 | 18.64 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.9% | 11.9% | 13.3% | 22.5% | 30.1% | 30.2% | 11.1% | 11.9% | 17.1% | 12.7% | 12.5% |
| Operating Margin | 8.2% | 8.2% | 9.7% | 17.9% | 25.3% | 25.5% | — | 8.7% | 13.7% | 9.3% | 8.8% |
| Net Profit Margin | 5.4% | 5.4% | 6.6% | 13.0% | 18.3% | 18.7% | 3.6% | 5.6% | 9.4% | 6.5% | 4.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 9.3% | 21.7% | 44.5% | 52.9% | 6.6% | 12.1% | 24.5% | 15.2% | 9.9% |
| ROA | 5.1% | 5.1% | 5.9% | 13.3% | 26.1% | 29.7% | 3.8% | 7.0% | 14.0% | 8.5% | 5.4% |
| ROIC | 7.7% | 7.7% | 9.4% | 21.0% | 39.5% | 43.9% | — | 11.0% | 20.6% | 12.5% | 10.3% |
| ROCE | 8.9% | 8.9% | 10.0% | 21.2% | 43.0% | 48.8% | — | 12.7% | 24.4% | 14.6% | 11.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.32 | 0.31 | 0.34 | 0.39 | 0.48 | 0.41 | 0.42 | 0.42 | 0.53 |
| Debt / EBITDA | 1.72 | 1.72 | 1.60 | 0.92 | 0.58 | 0.56 | 2.99 | 1.62 | 1.03 | 1.45 | 2.06 |
| Net Debt / Equity | — | 0.22 | 0.16 | 0.02 | 0.12 | 0.23 | 0.24 | 0.26 | 0.28 | 0.31 | 0.28 |
| Net Debt / EBITDA | 1.17 | 1.17 | 0.78 | 0.06 | 0.21 | 0.33 | 1.51 | 1.05 | 0.70 | 1.09 | 1.09 |
| Debt / FCF | — | — | 4.21 | 0.09 | 0.30 | 0.72 | 2.34 | 2.14 | 2.05 | 4.69 | 2.02 |
| Interest Coverage | 44.53 | 44.53 | 13.73 | 26.50 | 47.99 | 57.41 | 6.01 | 12.06 | 21.03 | 10.34 | 8.17 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.94 | 2.94 | 2.51 | 3.57 | 3.39 | 2.48 | 3.61 | 3.34 | 3.08 | 2.42 | 2.72 |
| Quick Ratio | 1.57 | 1.57 | 1.48 | 2.35 | 2.13 | 1.32 | 2.25 | 1.78 | 1.45 | 1.19 | 1.68 |
| Cash Ratio | 0.67 | 0.67 | 0.83 | 1.55 | 1.12 | 0.51 | 1.16 | 0.74 | 0.50 | 0.35 | 0.92 |
| Asset Turnover | — | 0.93 | 0.91 | 0.98 | 1.28 | 1.41 | 1.00 | 1.23 | 1.40 | 1.28 | 1.06 |
| Inventory Turnover | 5.24 | 5.24 | 5.22 | 4.82 | 5.32 | 4.24 | 5.02 | 5.18 | 4.56 | 5.11 | 5.72 |
| Days Sales Outstanding | — | 34.88 | 31.77 | 31.05 | 31.57 | 38.56 | 41.66 | 34.90 | 36.48 | 36.56 | 36.74 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.4% | 1.9% | 1.2% | 1.5% | 1.4% | 3.0% | 2.9% | 3.0% | 2.4% | 2.5% |
| Payout Ratio | 29.4% | 29.4% | 25.8% | 11.4% | 7.0% | 7.1% | 68.1% | 38.7% | 20.6% | 36.8% | 60.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.6% | 7.2% | 10.3% | 21.8% | 20.3% | 4.4% | 7.4% | 14.4% | 6.4% | 4.2% |
| FCF Yield | — | — | 2.9% | 11.2% | 23.4% | 13.8% | 7.2% | 7.7% | 8.6% | 3.0% | 6.0% |
| Buyback Yield | 1.4% | 1.9% | 8.0% | 3.6% | 8.0% | 9.8% | 0.2% | 1.7% | 5.2% | 0.4% | 0.0% |
| Total Shareholder Yield | 2.3% | 3.2% | 9.8% | 4.7% | 9.5% | 11.2% | 3.3% | 4.6% | 8.2% | 2.8% | 2.6% |
| Shares Outstanding | — | $231M | $239M | $250M | $263M | $293M | $303M | $306M | $317M | $321M | $320M |
Cyclical margin compression risk
Based on current market data, Nucor trades at a 31.89x TTM P/E, which appears to command a premium over integrated peers, reflecting investor confidence in its superior return profile and lower leverage despite the inherent cyclicality of the North American steel manufacturing sector.
The forward P/E of 15.20 suggests that the market anticipates a significant earnings recovery, likely driven by the maturation of recent capital-intensive projects. Investors should monitor whether this valuation multiple remains sustainable if the anticipated margin expansion fails to materialize due to persistent raw material cost volatility.
As reported in recent financial statements, Nucor's ROIC has trended toward 3.0% in 2026Q1, a notable decline from historical peaks, which suggests that the company's aggressive reinvestment in new mill capacity is currently diluting overall capital efficiency during this phase of the business cycle.
The compression in ROIC appears to be a function of both rising asset bases and fluctuating net margins. Analysts should investigate whether the current return levels are merely a temporary byproduct of the construction phase for new facilities or if they indicate a structural shift in the company's ability to generate excess returns.
According to quarterly filings, Nucor's asset turnover ratio remains low at 0.27 in 2026Q1, reflecting the heavy capital intensity of its EAF-based production model and the significant investment required to maintain its competitive advantage in the domestic steel market.
The cash conversion cycle of 75 days indicates that inventory management remains a critical lever for liquidity, particularly as the company balances raw material sourcing with fluctuating end-market demand. The stability of these metrics suggests that management is maintaining operational discipline despite the broader industry's tendency toward working capital bloat.
Based on reported figures, Nucor maintains a stable debt-to-equity ratio of 0.32, which provides a robust financial buffer that appears significantly more conservative than the leverage profiles of integrated competitors, thereby enhancing the company's ability to navigate potential downturns in the industrial production cycle.
The interest coverage ratio of 57.68x in 2026Q1 underscores a comfortable debt-service position, minimizing refinancing risk even in a high-interest-rate environment. This balance sheet strength is a key differentiator that allows the company to pursue organic growth initiatives without compromising its long-term financial stability.
The P/E ratio is frequently misapplied to Nucor, as it obscures the significant non-cash impacts of LIFO inventory accounting and the cyclical nature of steel pricing, which can lead to distorted earnings perceptions during periods of rapid raw material cost fluctuations.
Investors should prioritize EV/EBITDA or normalized free cash flow metrics to better assess the company's true earning power, as these measures are less susceptible to the accounting noise inherent in the LIFO method. Relying solely on P/E may lead to an incomplete understanding of the company's underlying cash-generating capabilities.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NUE stock.
Nucor Corporation's current P/E ratio is 30.2x. The historical average is 21.6x. This places it at the 83th percentile of its historical range.
Nucor Corporation's current EV/EBITDA is 13.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
Nucor Corporation's return on equity (ROE) is 8.0%. The historical average is 15.9%.
Based on historical data, Nucor Corporation is trading at a P/E of 30.2x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nucor Corporation's current dividend yield is 0.97% with a payout ratio of 29.4%.
Nucor Corporation has 11.9% gross margin and 8.2% operating margin.
Nucor Corporation's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.