NucorMEX:NUE 84 Pretax Margin % is 11.54% as of Mar. 2026, which is 28% above its 10-year median of 9.04. GuruFocus rates MEX:NUE with a GF Score™ of 84/100 and a GF Value™ of MXN2,973.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 612 Steel companies, Nucor ranks better than 82.35% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nucor's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN19,764 Mil. Nucor's Revenue for the
three
months ended in Mar. 2026 was MXN171,239 Mil. Therefore, Nucor's pretax margin for the quarter that ended in Mar. 2026 was 11.54%.
The historical rank and industry rank for Nucor's Pretax Margin % or its related term are showing as below:
MEX:NUE'
s Pretax Margin % Range Over the Past 10 Years
Min: 4.15 Med: 9.04 Max: 25.22
Current: 9.89
MEX:NUE's Pretax Margin % is ranked better than 82.35% of 612
companies
in the Steel industry
Industry Median: 2.57
vs MEX:NUE: 9.89
Nucor (MEX:NUE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Nucor Pretax Margin % Related Terms
Nucor Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Nucor's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:NUE vs STLD, RS, TX: Pretax Margin % Comparison
For the Steel subindustry, Nucor's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nucor Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Nucor's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nucor's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nucor (MEX:NUE) has a Pretax Margin % of 11.54% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nucor and its competitors. This is 28% above median its historical median of 9.04. Over the past decade, Nucor's Pretax Margin % has ranged from 4.15 to 25.22. According to the industry distribution chart, Nucor ranks #108 out of 612 companies in the Steel industry, placing it in the top 17.6%.
Is Nucor's Pretax Margin % too high?
Nucor's current Pretax Margin % of 11.54% is 28% above median its 10-year median of 9.04. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 25.22. The Steel industry median Pretax Margin % is 2.57. Nucor's value of 11.54% is 349% above this industry median. Based on the distribution chart, Nucor ranks #108 out of 612 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Nucor has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nucor's Pretax Margin % compare to STLD and RS?
According to the Steel industry distribution chart, Nucor ranks #108 out of 612 companies for Pretax Margin %. This places Nucor in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.57. Nucor's value of 11.54% is 349% above this benchmark. Historically, Nucor's own Pretax Margin % has ranged from 4.15 to 25.22 over the past decade. While the company's 10-year median is 9.04 vs. the industry median of 2.57, Nucor has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 612 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nucor's current Pretax Margin % of 11.54% is 349% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nucor and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nucor's current Pretax Margin % is 11.54%, which is 28% above median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nucor stock overvalued right now?
Based on GuruFocus' analysis, Nucor (MEX:NUE) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,973.40, compared to a current price of MXN4,005.00 — trading 34.7% above its estimated fair value. The current Pretax Margin % is 11.54%, which is 28% above median its 10-year median of 9.04 and 349% above the Steel industry median of 2.57. Nucor's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Nucor (MEX:NUE), the current Pretax Margin % is 11.54% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nucor (MEX:NUE) Overvalued in 2026?
Based on GuruFocus' analysis, Nucor stock appears to be overvalued.
The current stock price of MXN4,005.00 is trading 34.7% above its estimated GF Value™ of MXN2,973.40.
GuruFocus considers Nucor to be Significantly Overvalued.
Key valuation signals for MEX:NUE:
Pretax Margin %: 11.54% (28% above median its 10-year median of 9.04)
GF Value™: MXN2,973.40 vs. price of MXN4,005.00 (34.7% above fair value)
Industry Position: 349% above the Steel median (#108 of 612)
No single metric tells the full story. See the MEX:NUE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nucor Corp manufactures steel and steel products. The company's reportable segments are steel mills, steel products, and raw materials. The majority of its revenue is derived from the steel mills segment, which is engaged in producing sheet steel (hot-rolled, cold-rolled, and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), and bar steel products. Nucor manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces (EAFs), along with continuous casting and automated rolling mills. The steel mills segment sells its products mainly to steel service centers, fabricators, and manufacturers located in the United States, Canada, and Mexico.
84GF Score
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