NUE vs STLD
Nucor Corp. and Steel Dynamics Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NUE | STLD |
|---|---|---|
| Revenue | $32.5B | $18.2B |
| Net income | $1.7B | $1.2B |
| Gross margin | 11.9% | 13.2% |
| Net margin | 6.3% | 6.5% |
| Return on equity | 8.5% | 13.3% |
| Diluted EPS | $7.52 | $7.99 |
| Dividend / share | $2.21 | $2.00 |
| Payout ratio | 29.4% | 24.6% |
| Free cash flow | $-188.0M | $501.5M |
| Equity | $20.9B | $9.0B |
| Net debt / equity | 0.23× | 0.38× |
| Current ratio | 2.94× | 3.06× |
| Revenue CAGR 5y | 10.0% | 13.6% |
| Profit CAGR 5y | 19.3% | · |
NUE bills 1.8× the revenue of STLD, and STLD keeps more of each dollar of revenue as profit (6.5% against 6.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | NUE | STLD |
|---|---|---|
| FY2025 | $32.5B | $18.2B |
| FY2024 | $30.7B | $17.5B |
| FY2023 | $34.7B | $18.8B |
| FY2022 | $41.5B | $22.3B |
| FY2021 | $36.5B | $18.4B |
| FY2020 | $20.1B | $9.6B |
| FY2019 | $22.6B | $10.5B |
| FY2018 | $25.1B | $11.8B |
| FY2017 | $20.3B | $9.5B |
| FY2016 | $16.2B | $7.8B |
Bottom line
| Fiscal year | NUE | STLD |
|---|---|---|
| FY2025 | $1.7B | $1.2B |
| FY2024 | $2.0B | $1.5B |
| FY2023 | $4.5B | $2.5B |
| FY2022 | $7.6B | $3.9B |
| FY2021 | $6.8B | $3.2B |
| FY2020 | $721.5M | $570.8M |
| FY2019 | $1.3B | $677.9M |
| FY2018 | $2.4B | $1.3B |
| FY2017 | $1.3B | $805.8M |
| FY2016 | $796.3M | $360.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$14,317,419,000 | NUE |
| FY2024 | +$13,193,610,000 | NUE |
| FY2023 | +$15,918,684,000 | NUE |
| FY2022 | +$19,251,226,000 | NUE |
| FY2021 | +$18,075,089,000 | NUE |
| FY2020 | +$10,538,176,000 | NUE |
| FY2019 | +$12,123,867,000 | NUE |
| FY2018 | +$13,245,440,000 | NUE |
| FY2017 | +$10,713,596,000 | NUE |
| FY2016 | +$8,431,013,000 | NUE |
| FY2015 | +$8,844,865,000 | NUE |
| FY2014 | +$12,349,189,000 | NUE |
| FY2013 | +$11,679,122,000 | NUE |
| FY2012 | +$12,139,039,000 | NUE |
| FY2011 | +$12,026,064,000 | NUE |
| FY2010 | +$9,543,740,000 | NUE |
| FY2009 | +$7,231,490,000 | NUE |
| FY2008 | +$15,582,803,000 | NUE |
| FY2007 | +$12,208,427,000 | NUE |
NUE has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.3 pp | STLD |
| FY2024 | −1.3 pp | STLD |
| FY2023 | +1.0 pp | NUE |
| FY2022 | +2.0 pp | NUE |
| FY2021 | +1.9 pp | NUE |
| FY2020 | −1.8 pp | STLD |
| FY2019 | −0.4 pp | STLD |
| FY2018 | −0.7 pp | STLD |
| FY2017 | −1.6 pp | STLD |
| FY2016 | +0.9 pp | NUE |
| FY2015 | +3.1 pp | NUE |
| FY2014 | +2.6 pp | NUE |
| FY2013 | +0.9 pp | NUE |
| FY2012 | +1.1 pp | NUE |
| FY2011 | +1.0 pp | NUE |
| FY2010 | −0.8 pp | STLD |
| FY2009 | −1.8 pp | STLD |
| FY2008 | +3.4 pp | NUE |
| FY2007 | +1.7 pp | NUE |
The higher net margin has changed hands between NUE and STLD over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NUE's net margin has been more volatile than STLD's over the 19 comparable fiscal years — 5.6 percentage points of standard deviation against 5.3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NUE and STLD over these 19 fiscal years — NUE led in 11 and STLD in 8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
STLD's return on equity has been more volatile than NUE's over the 9 comparable fiscal years — 19.0 percentage points of standard deviation against 18.8.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NUE and STLD over these 9 fiscal years — NUE led in 1 and STLD in 8.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.