WS · Worthington Steel, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q2 '23 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $769.80M | $871.90M | $872.90M | $739.00M | $687.40M | $905.80M | - | $805.80M | $808.00M | - |
| Cost of Revenue | $693.70M | $778.70M | $757.70M | $659.00M | $606.20M | $733.60M | - | $685.70M | $833.90M | - |
| Gross Profit | $76.10M | $93.20M | $115.20M | $80.00M | $81.20M | $128.50M | - | $120.10M | $34.50M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $77.50M | $70.90M | $67.90M | $61.10M | $54.60M | $57.00M | - | $52.80M | $54.10M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $20.30M | - | - | $16.20M | - | $15.90M | $16.40M | - |
| Operating Income | $3.10M | $21.70M | $48.30M | $18.90M | $18.30M | $43.40M | - | $66.30M | ($19.90M) | - |
| Interest Expense | $2.10M | $2.70M | $2.90M | $2.10M | $1.40M | $500.0K | - | $2.90M | $900.0K | - |
| Income Tax | $3.50M | $4.20M | $13.40M | $3.60M | $5.00M | $17.00M | - | $14.00M | ($2.50M) | - |
| Net Income | $10.40M | $18.80M | $36.80M | $12.80M | $13.80M | $28.40M | - | $49.00M | ($6.00M) | - |
| EPS - Basic | $0.21 | $0.38 | $0.73 | $0.26 | $0.28 | $0.57 | - | $0.99 | ($0.32) | - |
| EPS - Diluted | $0.20 | $0.37 | $0.72 | $0.25 | $0.27 | $0.56 | - | $0.98 | ($0.12) | - |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q2 '23 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $90.00M | $89.80M | $78.30M | $38.00M | $63.30M | $36.00M | $40.20M | $60.80M | $32.70M | $20.10M |
| Accounts Receivable | $461.60M | $440.80M | $490.30M | $438.70M | $413.80M | $443.40M | $472.60M | $468.80M | $468.00M | - |
| Inventory | $435.60M | $413.00M | $478.50M | $422.00M | $342.30M | $392.10M | $405.30M | $408.20M | $414.80M | - |
| Accounts Payable | $401.90M | $339.20M | $385.70M | $402.50M | $334.90M | $359.30M | $380.40M | $407.30M | $402.20M | - |
| Current Assets | $1.11B | $1.05B | $1.15B | $1.05B | $912.60M | $955.50M | $1.00B | $1.02B | $1.09B | - |
| Total Assets | $2.32B | $2.15B | $2.24B | $1.96B | $1.80B | $1.83B | $1.87B | $1.85B | $1.90B | - |
| Current Liabilities | $745.60M | $584.90M | $693.60M | $631.50M | $521.00M | $557.90M | $618.40M | $645.40M | $478.40M | - |
| Long-term Debt | $31.60M | $41.70M | $43.10M | $2.30M | $2.20M | $0 | $0 | $0 | $0 | - |
| Total Liabilities | $958.10M | $803.10M | $912.40M | $763.90M | $656.60M | $686.20M | $748.90M | $778.70M | $609.80M | - |
| Stockholders' Equity | $1.12B | $1.12B | $1.10B | $1.07B | $1.01B | $1.01B | $985.30M | $937.60M | $1.04B | - |
| Retained Earnings | $205.70M | $203.50M | $192.50M | $164.20M | $116.50M | $106.30M | $86.10M | $40.90M | - | - |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q2 '23 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($6.30M) | - | - | $54.60M | - | $44.70M | $103.30M | - |
| Investing Cash Flow | - | - | ($29.60M) | - | - | ($17.30M) | - | ($22.40M) | ($39.10M) | - |
| Financing Cash Flow | - | - | $21.00M | - | - | ($37.30M) | - | ($175.90M) | $86.20M | - |
| CapEx | - | - | $29.40M | - | - | $17.30M | - | $22.40M | $14.50M | - |
| Free Cash Flow | - | - | ($35.70M) | - | - | $37.30M | - | $22.30M | $88.80M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q2 '23 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 9.9% | 10.7% | 13.2% | 10.8% | 11.8% | 14.2% | - | 14.9% | 4.3% | - |
| Operating margin | 0.4% | 2.5% | 5.5% | 2.6% | 2.7% | 4.8% | - | 8.2% | -2.5% | - |
| EBITDA margin | - | - | 7.9% | - | - | 6.6% | - | 10.2% | -0.4% | - |
| Net margin | 1.4% | 2.2% | 4.2% | 1.7% | 2.0% | 3.1% | - | 6.1% | -0.7% | - |
| Free cash flow margin | - | - | -4.1% | - | - | 4.1% | - | 2.8% | 11.0% | - |
| FCF / Net income | - | - | -0.97 | - | - | 1.31 | - | 0.46 | -14.80 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | 8.1% | 7.8% | 8.3% | 7.9% | 6.3% | - | 6.6% | 6.7% | - |
| Effective tax rate | 25.2% | 18.3% | 26.7% | 22.0% | 26.6% | 37.4% | - | 22.2% | - | - |
| Return on assets | 0.4% | 0.9% | 1.6% | 0.7% | 0.8% | 1.6% | - | 2.7% | -0.3% | - |
| Return on equity | 0.9% | 1.7% | 3.3% | 1.2% | 1.4% | 2.8% | - | 5.2% | -0.6% | - |
| Return on invested capital | 0.2% | 1.5% | 3.1% | 1.4% | 1.3% | 2.7% | - | 5.5% | -1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.48 | 1.80 | 1.66 | 1.66 | 1.75 | 1.71 | 1.62 | 1.58 | 2.27 | - |
| Quick ratio | 0.90 | 1.09 | 0.97 | 0.99 | 1.09 | 1.01 | 0.96 | 0.95 | 1.40 | - |
| Cash ratio | 0.12 | 0.15 | 0.11 | 0.06 | 0.12 | 0.06 | 0.07 | 0.09 | 0.07 | - |
| Leverage | ||||||||||
| Debt / Equity | 0.03 | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Debt / Assets | 0.01 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Debt / EBITDA | - | - | 0.63 | - | - | 0.00 | - | 0.00 | - | - |
| Interest coverage | 1.5x | 8.0x | 16.7x | 9.0x | 13.1x | 86.8x | - | 22.9x | -22.1x | - |
| Equity multiplier | 2.06 | 1.92 | 2.03 | 1.83 | 1.78 | 1.81 | 1.89 | 1.97 | 1.82 | - |
| Liabilities / Assets | 0.41 | 0.37 | 0.41 | 0.39 | 0.36 | 0.38 | 0.40 | 0.42 | 0.32 | - |
| Efficiency | ||||||||||
| Asset turnover | 0.33 | 0.41 | 0.39 | 0.38 | 0.38 | 0.50 | - | 0.44 | 0.43 | - |
| Inventory turnover | 1.59 | 1.89 | 1.58 | 1.56 | 1.77 | 1.87 | - | 1.68 | 2.01 | - |
| Days sales outstanding | 219d | 185d | 205d | 217d | 220d | 179d | - | 212d | 211d | - |
| Days inventory outstanding | 229d | 194d | 231d | 234d | 206d | 195d | - | 217d | 182d | - |
| Days payable outstanding | 211d | 159d | 186d | 223d | 202d | 179d | - | 217d | 176d | - |
| Cash conversion cycle | 237d | 219d | 250d | 227d | 224d | 195d | - | 213d | 217d | - |
| Valuation | ||||||||||
| P / E | 207.8x | 91.2x | 46.2x | 99.6x | 98.8x | 63.2x | - | 32.3x | - | - |
| P / B | 1.9x | 1.5x | 1.5x | 1.2x | 1.3x | 1.7x | - | 1.7x | 1.3x | - |
| P / S | 2.7x | 2.0x | 1.9x | 1.7x | 2.0x | 1.9x | - | 2.0x | 1.7x | - |
| EV / EBITDA | - | - | 24.0x | - | - | 28.7x | - | 18.6x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.0% | 18.0% | -3.6% | - | -14.7% | - | - | - | - | - |
| Revenue CAGR (3y) | - | 2.6% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -6.3% | 16.5% | -10.4% | - | -32.4% | - | - | - | - | - |
| Operating income growth (YoY) | -83.1% | 14.8% | 11.3% | - | -72.4% | - | - | - | - | - |
| Net income growth (YoY) | -24.6% | 46.9% | 29.6% | - | -71.8% | - | - | - | - | - |
| EPS growth (YoY) | -25.9% | 48.0% | 28.6% | - | -72.4% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.1% | 4.0% | 9.5% | 9.0% | 8.0% | - | -5.3% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-31.
Product / service
$3.09B totalDirect$2.94B · 95.2%
Toll$149.90M · 4.8%
Geographic
$3.09B totalUS$2.44B · 78.8%
CA$330.80M · 10.7%
MX$207.70M · 6.7%
Rest Of World$118.50M · 3.8%
Peer comparison
Same SIC group: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Comparing Worthington Steel against the 5 most active filers in the same SIC group.
Dividends
$0.64/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.1600 |
| Dec 12, 2025 | $0.1600 |
| Sep 12, 2025 | $0.1600 |
| Jun 13, 2025 | $0.1600 |
| Mar 14, 2025 | $0.1600 |
| Dec 13, 2024 | $0.1600 |
| Sep 13, 2024 | $0.1600 |
| Jun 14, 2024 | $0.1600 |
| Mar 13, 2024 | $0.1600 |