NUE vs. PAAS: Nucor vs. Pan American Silver Stock Comparison

November 11, 2026

How do Nucor (NUE) and Pan American Silver (PAAS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Nucor (NUE) and Pan American Silver (PAAS) both belong to the Metals & Mining industry, though NUE is classified under Steel while PAAS falls under Silver.

Company profile comparison for Nucor (NUE) and Pan American Silver (PAAS)
Profile Item	NUE	PAAS
Name	Nucor Corporation	Pan American Silver Corp.
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Silver
Market Capitalization	55.58 billion USD	16.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	June 12, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NUE

PAAS

GSPC

Nucor (NUE) vs. Pan American Silver (PAAS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Nucor (NUE) and Pan American Silver (PAAS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nucor (NUE) and Pan American Silver (PAAS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Total Return (1Y)	74.82%	22.43%
Total Return (3Y, Annualized)	19.83%	47.84%
Total Return (5Y, Annualized)	18.79%	11.59%

Risk Profile

Drawdown History

NUE

PAAS

GSPC

Nucor (NUE) vs. Pan American Silver (PAAS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Nucor (NUE) and Pan American Silver (PAAS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Volatility (1Y, Annualized)	32.37%	58.13%
Beta (5Y)	1.82	0.72
Max Drawdown (5Y)	-47.79%	-57.39%
Avg. Volume (3M)	1.37M	4.31M

Risk-Adjusted Performance

Risk-Return Positioning

NUE and PAAS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Sharpe Ratio (1Y)	2.18	0.31
Sortino Ratio (1Y)	3.28	0.45

Profitability

ROE (TTM)

Pan American Silver (PAAS) at 22.39% sits in the top ROE quartile, while Nucor (NUE) at 17.58% is closer to the peer norm — stronger capital efficiency for PAAS.

NUE

Materials industry group

17.58%

Max: 52.88%
Q3: 19.49%
NUE: 17.58%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

PAAS

Materials industry group

22.39%

Max: 52.88%
PAAS: 22.39%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Pan American Silver (PAAS) at 35.16% retains a top-quartile share of revenue as profit, ahead of Nucor (NUE) at 9.26%, which keeps about the industry-typical share.

NUE

Materials industry group

9.26%

Max: 38.66%
Q3: 15.98%
NUE: 9.26%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

PAAS

Materials industry group

35.16%

Max: 38.66%
PAAS: 35.16%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Pan American Silver (PAAS) at 34.29% operates in the top operating margin quartile, ahead of Nucor (NUE) at 16.73%, which runs around its industry’s norm.

NUE

Materials industry group

16.73%

Max: 66.70%
Q3: 28.92%
NUE: 16.73%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

PAAS

Materials industry group

34.29%

Max: 66.70%
PAAS: 34.29%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
ROE (TTM)	17.58%	22.39%
ROA (TTM)	8.82%	11.27%
Net Margin (TTM)	9.26%	35.16%
Operating Margin (TTM)	16.73%	34.29%
Gross Margin (TTM)	17.39%	55.17%

Growth

Revenue Growth

Both Nucor (NUE) at 5.73% and Pan American Silver (PAAS) at 28.38% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Pan American Silver (PAAS) at 725.81% clears its industry range for EPS growth, a much stronger earnings trajectory than Nucor (NUE) at -11.11%, which is closer to a typical peer reading.

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Revenue Growth (YoY)	5.73%	28.38%
Revenue Growth (3Y CAGR)	-7.84%	34.28%
EPS Growth (YoY)	-11.11%	725.81%
EPS Growth (3Y CAGR)	-36.08%	--

Financial Strength

Current Ratio (MRQ)

Both Nucor (NUE) at 2.46 and Pan American Silver (PAAS) at 2.72 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NUE

Materials industry group

2.46

Max: 5.96
Q3: 3.30
NUE: 2.46
Median: 2.24
Q1: 1.45
Min: 0.16

PAAS

Materials industry group

2.72

Max: 5.96
Q3: 3.30
PAAS: 2.72
Median: 2.24
Q1: 1.45
Min: 0.16

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Nucor (NUE) at 0.29 runs a more typical debt-to-equity mix.

NUE

Materials industry group

0.29

Max: 1.98
Q3: 0.89
Median: 0.47
NUE: 0.29
Q1: 0.13
Min: 0.00

PAAS

Materials industry group

0.11

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
PAAS: 0.11
Min: 0.00

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Current Ratio (MRQ)	2.46	2.72
Debt / Equity (MRQ)	0.29	0.11
Net Debt / EBITDA	0.52	-0.39

Dividends

Dividend Yield (TTM)

Both Nucor (NUE) at 0.91% and Pan American Silver (PAAS) at 1.69% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NUE

Materials industry group

0.91%

Max: 4.52%
Q3: 1.85%
NUE: 0.91%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

PAAS

Materials industry group

1.69%

Max: 4.52%
Q3: 1.85%
PAAS: 1.69%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Nucor (NUE) at 17.78% and Pan American Silver (PAAS) at 18.00% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NUE

Materials industry group

17.78%

Max: 83.62%
Q3: 41.37%
NUE: 17.78%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

PAAS

Materials industry group

18.00%

Max: 83.62%
Q3: 41.37%
PAAS: 18.00%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
Dividend Yield (TTM)	0.91%	1.69%
Dividend Payout Ratio (TTM)	17.78%	18.00%

Valuation

P/E Ratio (TTM)

Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Nucor (NUE) at 15.60 is closer to its industry’s usual earnings multiple — a discount for PAAS, though growth and earnings durability still matter.

NUE

Materials industry group

15.60

Max: 59.00
Q3: 32.93
Median: 18.82
NUE: 15.60
Q1: 11.96
Min: 3.93

PAAS

Materials industry group

10.83

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
PAAS: 10.83
Min: 3.93

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Nucor (NUE) at 1.43 and Pan American Silver (PAAS) at 3.80 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NUE

Materials industry group

1.43

Max: 9.62
Q3: 4.34
Median: 1.87
NUE: 1.43
Q1: 0.73
Min: 0.00

PAAS

Materials industry group

3.80

Max: 9.62
Q3: 4.34
PAAS: 3.80
Median: 1.87
Q1: 0.73
Min: 0.00

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Nucor (NUE) at 2.43 and Pan American Silver (PAAS) at 2.29 are valued close to their industries’ norm against book — neither stands out from peers.

NUE

Materials industry group

2.43

Max: 6.59
Q3: 3.55
NUE: 2.43
Median: 2.08
Q1: 1.26
Min: -0.17

PAAS

Materials industry group

2.29

Max: 6.59
Q3: 3.55
PAAS: 2.29
Median: 2.08
Q1: 1.26
Min: -0.17

Nucor (NUE) vs. Pan American Silver (PAAS): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Nucor (NUE) and Pan American Silver (PAAS)
Metric	NUE	PAAS
P/E Ratio (TTM)	15.60	10.83
P/S Ratio (TTM)	1.43	3.80
P/B Ratio (MRQ)	2.43	2.29
Free Cash Flow Yield (TTM)	2.77%	8.01%