Nucor Corporation — Earnings Quality Grade F
NUE · Basic Materials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 35 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 5.7%, CFFO -18.7%. Cash follows revenue
Expense Quality
Inventory 7.0% vs COGS 7.4%. Normal
CapEx growth 7.8% vs revenue 5.7%. Normal
SG&A/Gross Profit = 31.4%. Normal
Gross margin 11.9%, change -1.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.85. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -4.2%. Low accruals
Cash $2.7B covers only 38% of debt $7.1B
Balance Sheet Health
Goodwill+Intangibles $7.2B = 34% of equity
Debt/EBITDA = 1.7x. Healthy
Other assets 7.0% vs revenue 5.7%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.49 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10