Company profile
SEC EDGAR ↗- Industry
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Listed
- NYSE: NUE
- Incorporated
- DE
- Headquarters
- Charlotte, NC
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $32.5B
- Net income
- $1.74B
- Total assets
- $35.1B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $32.5B | $1.74B | $35.1B |
| FY2024 | $30.7B | $2.03B | $33.9B |
| FY2023 | $34.7B | $4.53B | $35.3B |
| FY2022 | $41.5B | $7.61B | $32.5B |
| FY2021 | $36.5B | $6.83B | $25.8B |
| FY2020 | $20.1B | $721.5M | $20.1B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Culture Doctrine · People & Control
Nucor Kept Every Worker Through a $294 Million Loss by Letting Every Paycheck Shrink
In 2009 Nucor lost $294 million and laid off no one - by letting every paycheck shrink instead. The doctrine everyone praises as worker-first is really a machine that moves demand-cycle risk off the balance sheet and onto employee bonuses.
8 min
The Integrator · Boundaries of the Firm
Nucor's Edge Was a System Big Steel Could Only Copy by Dismantling Itself
Everyone credits Nucor's electric arc furnaces. But EAFs were running in Europe by WWII and in U.S. bar mills before Nucor's. The real moat was a system - variable-cost pay, near-empty headquarters, and a ladder of technology bets - that integrated mills couldn't match without dismantling themselves.
8 min
The Integrated System · Boundaries of the Firm
When Steel Crashes, Nucor's Costs Crash Right Along With It
Integrated mills snap in a downturn because their costs are bolted down. Nucor survives the same crash because its furnaces, its scrap, and its paychecks all flex together — about 80% of workers are on production pay, so when output drops, the wage bill drops with it.
8 min