Nucor Corporation stock research
FY2025 Q3
Nucor (NUE) Gross Margin — Quarter Ended Oct 4, 2025
Revenue was stable compared to the prior quarter, but cost of revenue increased slightly, causing gross profit to remain roughly flat and gross margin to weaken modestly. Against the same quarter a year earlier, revenue and cost both rose, though gross profit grew at a faster pace, resulting in a stronger gross margin.
Gross margin takeaway
Quarter ended Oct 4, 2025 · FY2025 Q3
Revenue was stable compared to the prior quarter, but cost of revenue increased slightly, causing gross profit to remain roughly flat and gross margin to weaken modestly. Against the same quarter a year earlier, revenue and cost both rose, though gross profit grew at a faster pace, resulting in a stronger gross margin.
- The strongest observable driver was the year-over-year improvement in gross margin, as gross profit increased more than cost of revenue relative to revenue.
- Compared to the immediately preceding quarter, gross margin weakened, with cost of revenue increasing while revenue held steady. Compared to the same quarter one year ago, gross margin improved, driven by a greater increase in gross profit relative to cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
13.9%
Gross profit
$1.2B
Revenue
$8.5B
Cost of revenue
$7.3B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+3.8 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 |
|---|---|---|---|---|
| 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% |
| Oct 4, 2025 | $8.5B | $1.2B | $7.3B | 13.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 5, 2025
-0.5 pts
Year-over-year change
Sep 28, 2024
+3.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the year-over-year improvement in gross margin, as gross profit increased more than cost of revenue relative to revenue.
Compared to the immediately preceding quarter, gross margin weakened, with cost of revenue increasing while revenue held steady. Compared to the same quarter one year ago, gross margin improved, driven by a greater increase in gross profit relative to cost of revenue.
Monitor the trend in cost of revenue relative to revenue, as the sequential decline in gross margin suggests rising cost pressure.