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Nucor Business Segments

Business, geographic, and product segment breakdowns

Nucor generates $34.2B in annual revenue across 3 key segments: Raw Materials ($11.0B), Steel Mills ($21.1B), and Steel Products ($10.7B). Based on the Q1 2026 filing.

Raw Materials (TTM)$11.0BSteel Mills (TTM)$21.1BSteel Products (TTM)$10.7B
Latest FilingQ1 2026
Report Date2026-05-13
Market Cap$59.4B
P/E Ratio25.49
ROE11.23%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sheet$1.9B$2.2B$2.5B$2.4B$2.1B$2.8B
Bar$1.2B$1.5B$1.4B$1.5B$1.4B$1.7B
Other Steel Products$823M$857M$889M$940M$836M$988M
Structural$571M$644M$694M$658M$636M$853M
Plate$501M$562M$686M$649M$595M$703M
Raw Materials$459M$518M$546M$578M$522M$674M
Tubular Products$287M$364M$380M$333M$352M$528M
Rebar Fabrication$415.2M$408M$487M——$479M
Joist And Deck$514M$498M$564M$620M$535M$455M
Building Systems$331M$278M$337M$331M$303M$336M

Business Segments

Adjustment For Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Products$64M$56M$54M$53M$54M$54M
Raw Materials$7M$7M$7M$8M$7M$7M
Steel Mills$2M$2M$2M$2M$2M$2M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$16.6B$17B$17.7B$18.1B$18.4B$18.8B
Steel Products$11.2B$11.3B$11.7B$11.8B$11.8B$11.9B
Raw Materials$3.7B$3.9B$3.8B$3.9B$4B$4.1B

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$5B$5.7B$5.7B$5.8B$5.3B$6.3B
Raw Materials$2.7B$3.2B$3.3B$3.2B$2.9B$3.7B
Steel Products$2B$2.2B$2.3B$2.5B$2.3B$2.7B

Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$190M$207M$197M$200M$206M$213M
Steel Products$40M$40M$46M$46M$50M$54M
Raw Materials$50M$51M$54M$53M$53M$48M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Products$2.8B$2.8B$2.8B$2.8B$2.8B$2.8B
Raw Materials$797M$797M$797M$797M$797M$797M
Steel Mills$675M$675M$675M$675M$675M$675M

Payments To Acquire Property Plant And Equipment Including Non Cash Adjustments For Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$620M$609M$552M$586M$523M$440M
Steel Products$139M$154M$156M$137M$129M$130M
Raw Materials$142M$118M$118M$77M$70M$48M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$4.2B$4.9B$5.3B$5.2B$4.7B$6B
Raw Materials$2.3B$2.7B$2.8B$2.7B$2.4B$3.1B
Steel Products$2.4B$2.4B$2.7B$2.8B$2.5B$2.8B

Segment Earnings Before Income Taxes And Noncontrolling Interests

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$169M$231M$843M$793M$516M$1.1B
Steel Products$329M$288M$392M$319M$230M$285M
Raw Materials$57M$29M$57M$43M$24M$45M

Segment Reporting Other Item Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Products$133M$38M$85M$147M$114M$73M
Raw Materials$16M$11M$28M$21M—$40M
Steel Mills$3M$7M$43M-$2M$58M$22M

Total Segment Sales Intercompany And External

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$5.2B$6B$6.6B$6.6B$5.9B$7.5B
Raw Materials$2.7B$3.2B$3.3B$3.3B$2.9B$3.8B
Steel Products$2.5B$2.6B$2.8B$3B$2.6B$3B

Losses And Impairments Of Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$0———$0—

PP&E (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Mills$235M$230M$228M$222M$220M$221M

Goodwill Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Steel Products—$1M-$12M——$2M