Nucor (NUE) FY2024 results: revenue $30.7 billion, down 11.5% on the year
Nucor Corp. (NUE) reported revenue of $30.7 billion for fiscal 2024, the year ended 31 December 2024, down 11.5% on the year before. Net income was $2.0 billion, down 55.2%, and diluted earnings per share $8.46. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$30.7 billion
-11.5% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.0 billion
-55.2% on the year
FY2017FY2024
Diluted EPS
$8.46
-53.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,979
7,112
10,072
-44.1%
Capital expenditure
3,173
2,214
1,948
+43.3%
Free cash flow
806
4,898
8,124
-83.5%
Free cash flow margin
2.6%
14.1%
19.6%
Cash from investing
-3,734
-2,496
-5,703
Cash from financing
-3,058
-2,593
-2,511
Depreciation and amortisation
1,356
1,168
1,062
+16.1%
Share-based compensation
132
130
137
+1.4%
Buybacks
2,217
1,554
2,763
+42.7%
Dividends paid
522
515
534
+1.5%
Dividend per share
$2.17
$2.07
$2.01
+4.8%
Diluted shares, weighted
238m
250m
263m
-4.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
20,294
20,941
18,415
-3.1%
Non-controlling interest
1,123
1,183
1,155
-5.1%
Debt
6,950
6,842
6,691
+1.6%
Operating lease liabilities
93.0
82.0
81.5
+13.4%
Finance lease liabilities
174
175
170
-0.5%
Other liabilities
5,306
6,118
5,967
-13.3%
Total liabilities and equity
33,940
35,340
32,479
-4.0%
Fixed assets
13,243
11,050
9,617
+19.8%
Goodwill
4,288
3,969
3,920
+8.0%
Intangible assets
3,134
3,108
3,322
+0.8%
Investments
581
747
577
-22.3%
Cash and equivalents
3,558
6,383
4,281
-44.3%
Receivables
2,675
2,953
3,591
-9.4%
Inventory
5,106
5,578
5,454
-8.5%
Other assets
1,355
1,552
1,718
-12.7%
Total assets
33,940
35,340
32,479
-4.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.