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.
Decisions on record
2 verified Decision Records on Nucor, and the casebook each one belongs to.
| Fork date | Decision type | What Nucor chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 1969 | Vertical-Integration Bet | Build own mill | recycling approximately 18 million gross tons of scrap and largest recycler in North America (2024) | Read the story → | Vertical-Integration Bet Casebook → |
| 2009 | Culture Doctrine | Shrink every paycheck | kept roughly 20,000 jobs through the downturn (2009) | Read the story → | Culture Doctrine Casebook → |
Run one of these yourself
The decisions Nucor faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
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