Nucor Corp. (NUE) intrinsic value & 10-year financials
Nucor Corp. (NUE) has a Graham intrinsic value of $158.95 per share. At $256.29 on Oct 17, 2026, the stock trades 61% above that value. Over the last 10 fiscal years revenue grew 8.0% a year to $32.5B, with an average return on invested capital of 17.9%.
- Graham intrinsic value
- $158.95
- Share price (Oct 17, 2026)
- $256.29
- Price vs Graham value
- 61% above
- Market cap
- $59.2B
- Revenue (FY2025)
- $32.5B
- Revenue growth (10-yr CAGR)
- 8.0%
- ROIC (10-yr avg)
- 17.9%
- Free cash flow (FY2025)
- -$188.0M
NUE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $32.5B | $1.7B | $7.52 | -$188.0M | — | 7.3% |
| FY2024 | $30.7B | $2.0B | $8.46 | $806.0M | — | 9.3% |
| FY2023 | $34.7B | $4.5B | $18.00 | $4.9B | — | 21.6% |
| FY2022 | $41.5B | $7.6B | $28.79 | $8.1B | — | 40.7% |
| FY2021 | $36.5B | $6.8B | $23.16 | $4.6B | — | 45.5% |
| FY2020 | $20.1B | $721.5M | $2.36 | $1.2B | — | 5.4% |
| FY2019 | $22.6B | $1.3B | $4.14 | $1.3B | — | 9.9% |
| FY2018 | $25.1B | $2.4B | $7.42 | $1.4B | — | 19.5% |
| FY2017 | $20.3B | $1.3B | $4.10 | $606.8M | — | 12.2% |
| FY2016 | $16.2B | $796.3M | $2.48 | $1.1B | — | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Nucor has demonstrated mature, steady growth, with revenue compounding at 8.0% annually over the past decade.
Nucor has earned high returns on invested capital, averaging 17.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Nucor shows that management has aggressively returned capital to shareholders by retiring 27.8% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Nucor is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $158.95 per share.