Nucor Corporation stock research
FY2025 Q2
Nucor (NUE) Gross Margin — Quarter Ended Jul 5, 2025
Revenue increased compared to both the prior quarter and the same quarter last year, while gross profit rose sharply from the prior quarter but was roughly level with the year-ago period. Cost of revenue was unchanged from the prior quarter but higher than a year ago, resulting in a gross margin that improved significantly from the prior quarter but was slightly lower than the same quarter last year.
Gross margin takeaway
Quarter ended Jul 5, 2025 · FY2025 Q2
Revenue increased compared to both the prior quarter and the same quarter last year, while gross profit rose sharply from the prior quarter but was roughly level with the year-ago period. Cost of revenue was unchanged from the prior quarter but higher than a year ago, resulting in a gross margin that improved significantly from the prior quarter but was slightly lower than the same quarter last year.
- The strongest observable margin driver was the increase in gross profit relative to the prior quarter, as revenue grew while cost of revenue remained stable. This relationship drove the gross margin higher sequentially.
- Compared to the prior quarter, gross margin improved substantially, driven by higher revenue with unchanged cost of revenue. Versus the same quarter last year, gross margin weakened slightly, as revenue growth was outpaced by a larger increase in cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
14.5%
Gross profit
$1.2B
Revenue
$8.5B
Cost of revenue
$7.2B
Quarter-over-quarter change
+6.7 pts
Year-over-year change
-0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 29, 2024 | $8.1B | $1.2B | $6.9B | 14.8% |
| Sep 28, 2024 | $7.4B | $758.0M | $6.7B | 10.2% |
| Apr 5, 2025 | $7.8B | $605.0M | $7.2B | 7.7% |
| Jul 5, 2025 | $8.5B | $1.2B | $7.2B | 14.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Apr 5, 2025
+6.7 pts
Year-over-year change
Jun 29, 2024
-0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the increase in gross profit relative to the prior quarter, as revenue grew while cost of revenue remained stable. This relationship drove the gross margin higher sequentially.
Compared to the prior quarter, gross margin improved substantially, driven by higher revenue with unchanged cost of revenue. Versus the same quarter last year, gross margin weakened slightly, as revenue growth was outpaced by a larger increase in cost of revenue.
Monitor the trajectory of cost of revenue, which remained flat sequentially but increased year-over-year, as any further rise could pressure gross margin.