# Nucor (NUE) Forecast Calculator

Interactive five-year financial forecast and DCF for Nucor. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/nucor/forecast
- Industry: Materials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 22588858000 | 1332120000 | 2431718000 | 1271143000 |
| 2022 | 20139658000 | 1153658000 | 1537648000 | 721470000 |
| 2023 | 36483939000 | 4608787000 | 9936264000 | 6827461000 |
| 2024 | 41512000000 | 8124000000 | 11072000000 | 7607000000 |
| 2025 | 34714000000 | 4898000000 | 7204000000 | 4525000000 |

## Frequently asked questions

### What is Nucor Corporation's primary business model?

Nucor Corporation is North America's largest steel producer and recycler, primarily operating electric arc furnace (EAF) mini-mills. These mills melt scrap steel and direct reduced iron to produce new steel products across its Steel Mills, Steel Products, and Raw Materials segments.

### How does Nucor generate revenue across its business segments?

Nucor generates approximately 65% of its outside sales from its Steel Mills segment, 28% from Steel Products, and 7% from Raw Materials. Its revenue is influenced by steel demand, commodity cycles, and its dominant competitive position in the North American market.

### What is Nucor's capital expenditure strategy?

Nucor's capital expenditure has historically been 5% to 8% of revenue, currently elevated due to major growth projects. During the current investment cycle, approximately 60% of capex is allocated to growth initiatives like new sheet and micro-mills, with the remaining 40% for maintenance.

### What is the assumed revenue growth rate for Nucor in the financial model?

The financial model assumes a revenue growth rate of approximately 11.34% for Nucor. This growth rate is a key input for forecasting the company's future financial performance through the FY2026–FY2030 forecast horizon.

### What are the main components of Nucor's balance sheet relevant for valuation?

Nucor's balance sheet totals approximately $35 billion, with Property, Plant and Equipment (PP&E) making up over 50% of total assets. Net working capital is also a significant factor, acting as a major use or source of cash depending on commodity cycles.

### What is the purpose of the downloadable Nucor financial model?

The downloadable Excel model provides a full three-statement forecast and discounted cash flow valuation for Nucor Corporation. It helps equity analysts determine the intrinsic value of the company across various macroeconomic and commodity cycle scenarios.