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Nucor NUE Steel Mills — Depreciation

Other segment segments

Steel Products
$54M+35.0%
Raw Materials
$48M-5.9%

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$16.9M-13.8%

Other financials

Income statement

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Revenue$9.5B+21.3%
Gross profit$1.5B+148%
Net income$743.0M+376%
EPS (diluted)$3.23+382%

Balance sheet

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Cash & equivalents$2.2B-29.5%
Total debt$134.0M-16.3%
Total equity$21.5B+6.9%
Total assets$35.6B+2.7%

Cash flow

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Operating cash flow$886.0M+143%
CapEx$661.0M-23.1%
Free cash flow$225.0M+145%

Valuation

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Market cap$56.68B+97.6%
Enterprise value$54.59B+113%
P/E24.3×+2.9×
P/S1.7×+0.7×

Profitability

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Gross margin14%+3.5pp
Net margin6.8%+2.4pp
FCF margin5.6%-11.5pp

Returns & leverage

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Return on equity11.2%+4.7pp
Debt / equity0.0×
Current ratio2.9×+0.4×

Where this comes from

Reported directly by Nucor in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Nucor’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nucor's steel mills — depreciation?
Nucor (NUE) reported steel mills — depreciation of $213M in Q1 2026.
How has Nucor's steel mills — depreciation changed year-over-year?
Nucor's steel mills — depreciation increased by 2.9% year-over-year, from $207M to $213M.
What is the long-term trend for Nucor's steel mills — depreciation?
Over 4 years (2021 to 2025), Nucor's steel mills — depreciation has grown at a 14.8% compound annual growth rate (CAGR), from $465.73M to $810M.
What does steel mills — depreciation mean?
This represents the systematic allocation of the cost of tangible assets in the steel mills segment over their useful lives. It is a non-cash expense that reflects the wear and tear of heavy machinery and infrastructure used in steel production.