Financials · WS
For the twelve months ended Aug 31, 2026, Worthington Steel Inc. reported $5.30B of revenue and -$38.30M of net income.
WS revenue was $2.73B in fiscal Q1 2027 (ended Aug 31, 2026), up 212.4% from a year earlier and up 193.4% from the prior quarter. For the full fiscal 2026 it was $3.44B, up 11.3% from fiscal 2025. It rose in 1 of the last 4 fiscal years.
WS net income was -$10.00M in fiscal Q1 2027 (ended Aug 31, 2026), compared with $36.80M a year earlier. For the full fiscal 2026 it was $8.50M, down 92.3% from fiscal 2025. It rose in 1 of the last 4 fiscal years.
WS diluted EPS was -$0.20 in fiscal Q1 2027 (ended Aug 31, 2026), compared with $0.73 a year earlier. For the full fiscal 2026 it was $0.17, down 92.2% from fiscal 2025.
WS free cash flow was -$69.00M in fiscal Q1 2027 (ended Aug 31, 2026), compared with -$35.70M a year earlier. For the full fiscal 2026 it was $80.00M, down 19.9% from fiscal 2025. It rose in 2 of the last 4 fiscal years.
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 |
|---|---|---|---|---|---|
| Revenue | $3.44B | $3.09B | $3.43B | $3.61B | $4.07B |
| Cost of revenue | $3.04B | $2.70B | $2.99B | $3.27B | $3.67B |
| Gross profit | $403.30M | $388.60M | $439.80M | $336.50M | $395.50M |
| Selling, general and admin | $297.40M | $231.60M | $224.40M | $200.80M | $180.30M |
| Operating income | -$1.40M | $147.00M | $194.50M | $120.30M | $226.60M |
| Interest expense | $28.40M | $7.10M | $6.00M | $3.00M | $3.00M |
| Pre-tax income | $7.10M | $148.10M | $216.20M | $128.70M | $254.30M |
| Income tax | $20.00M | $28.80M | $46.10M | $29.00M | $54.00M |
| Net income | $8.50M | $110.70M | $154.70M | $87.10M | $180.40M |
| EPS, basic | $0.17 | $2.24 | $3.14 | $1.77 | $3.66 |
| EPS, diluted | $0.17 | $2.19 | $3.11 | $1.77 | $3.66 |
| Diluted shares | 50.8M | 50.5M | 49.8M | 49.3M | 49.3M |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | $84.60M | $92.90M | $40.20M | $32.70M | $20.10M |
| Receivables | $496.20M | $438.70M | $472.60M | $468.00M | - |
| Inventory | $415.70M | $422.00M | $405.30M | $414.80M | - |
| Current assets | $1.13B | $1.05B | $1.00B | $980.90M | - |
| Goodwill | $44.50M | $79.60M | $79.60M | $78.60M | $80.00M |
| Total assets | $2.25B | $1.96B | $1.87B | $1.76B | - |
| Current liabilities | $775.80M | $631.50M | $618.40M | $478.40M | - |
| Short-term debt | $212.40M | $149.20M | $148.00M | $22.80M | - |
| Long-term debt | $44.40M | $2.30M | $0 | $0 | - |
| Total debt | $256.80M | $151.50M | $148.00M | $22.80M | - |
| Total liabilities | $989.50M | $763.90M | $748.90M | $609.80M | - |
| Shareholders' equity | $1.06B | $1.20B | $1.12B | $1.15B | $1.27B |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 |
|---|---|---|---|---|---|
| Operating cash flow | $201.20M | $230.30M | $199.50M | $315.00M | $39.50M |
| Capital expenditures | $121.20M | $130.40M | $103.40M | $45.50M | $36.40M |
| Free cash flow | $80.00M | $99.90M | $96.10M | $269.50M | $3.10M |
| Investing cash flow | -$213.40M | -$129.10M | -$123.20M | -$22.20M | -$395.30M |
| Financing cash flow | $3.00M | -$48.50M | -$68.80M | -$280.20M | $358.40M |
| Dividends paid | $32.60M | $31.90M | $7.90M | $0 | $0 |
| Depreciation and amortization | $84.20M | $66.00M | $65.30M | $69.60M | $59.50M |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 11.3% | -9.8% | -4.9% | -11.3% | - |
| Net income growth, YoY | -92.3% | -28.4% | 77.6% | -51.7% | - |
| EPS growth, YoY | -92.2% | -29.6% | 75.7% | -51.6% | - |
| Gross margin | 11.7% | 12.6% | 12.8% | 9.3% | 9.7% |
| Operating margin | -0.0% | 4.8% | 5.7% | 3.3% | 5.6% |
| Net margin | 0.2% | 3.6% | 4.5% | 2.4% | 4.4% |
| Free cash flow margin | 2.3% | 3.2% | 2.8% | 7.5% | 0.1% |
| Return on equity | 0.8% | 9.2% | 13.8% | 7.5% | 14.2% |
| Return on assets | 0.4% | 5.6% | 8.3% | 4.9% | - |
| Current ratio | 1.46 | 1.66 | 1.62 | 2.05 | - |
| Debt to equity | 0.24 | 0.13 | 0.13 | 0.02 | - |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.73B | $929.20M | $769.80M | $871.90M | $872.90M | $832.90M | $687.40M | $739.00M | $834.00M | $911.00M | $805.80M | $808.00M |
| Cost of revenue | $2.47B | $810.40M | $693.70M | $778.70M | $757.70M | $705.90M | $606.20M | $659.00M | $733.60M | $780.00M | $685.70M | $747.80M |
| Gross profit | $261.20M | $118.80M | $76.10M | $93.20M | $115.20M | $127.00M | $81.20M | $80.00M | $100.40M | $131.00M | $120.10M | $60.20M |
| Selling, general and admin | $208.80M | $81.10M | $77.50M | $70.90M | $67.90M | $58.90M | $54.60M | $61.10M | $57.00M | $63.70M | $52.80M | $54.10M |
| Operating income | $56.00M | -$74.50M | $3.10M | $21.70M | $48.30M | $66.40M | $18.30M | $18.90M | $43.40M | $67.30M | $66.30M | -$8.80M |
| Interest expense | $38.80M | $20.70M | $2.10M | $2.70M | $2.90M | $1.00M | $1.40M | $2.10M | $2.60M | $2.40M | $2.90M | $200.0K |
| Pre-tax income | $12.00M | -$84.90M | $14.30M | $25.70M | $52.00M | $75.10M | $17.10M | $19.70M | $36.20M | $75.30M | $66.40M | -$4.60M |
| Income tax | $12.10M | -$1.10M | $3.50M | $4.20M | $13.40M | $16.20M | $5.00M | $3.60M | $4.00M | $17.60M | $14.00M | -$2.50M |
| Net income | -$10.00M | -$57.50M | $10.40M | $18.80M | $36.80M | $55.70M | $13.80M | $16.10M | $32.20M | $53.20M | $49.00M | -$2.10M |
| EPS, basic | -$0.20 | -$1.16 | $0.21 | $0.38 | $0.74 | $1.13 | $0.28 | $0.26 | $0.57 | $1.08 | $0.99 | -$0.12 |
| EPS, diluted | -$0.20 | -$1.13 | $0.20 | $0.37 | $0.73 | $1.11 | $0.27 | $0.25 | $0.56 | $1.06 | $0.98 | -$0.12 |
| Diluted shares | 50.0M | - | 50.9M | 50.7M | 50.6M | - | 50.5M | 50.6M | 50.4M | - | 50.3M | 49.3M |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $248.20M | $84.60M | $90.00M | $89.80M | $78.30M | $92.90M | $63.30M | $52.00M | $36.00M | $40.20M | $60.80M | $214.40M |
| Receivables | $1.39B | $496.20M | $461.60M | $440.80M | $490.30M | $438.70M | $413.80M | $372.90M | $443.40M | $472.60M | $468.80M | $426.00M |
| Inventory | $1.71B | $415.70M | $435.60M | $413.00M | $478.50M | $422.00M | $342.30M | $343.00M | $392.10M | $405.30M | $408.20M | $373.80M |
| Current assets | $3.83B | $1.13B | $1.11B | $1.05B | $1.15B | $1.05B | $912.60M | $857.40M | $955.50M | $1.00B | $1.02B | $1.09B |
| Goodwill | $44.50M | $44.50M | $103.30M | $101.50M | $101.70M | $79.60M | $79.30M | $79.50M | $79.70M | $79.60M | $79.70M | $79.20M |
| Total assets | $6.02B | $2.25B | $2.32B | $2.15B | $2.24B | $1.96B | $1.80B | $1.74B | $1.83B | $1.87B | $1.85B | $1.90B |
| Current liabilities | $2.11B | $775.80M | $745.60M | $584.90M | $693.60M | $631.50M | $521.00M | $467.70M | $557.90M | $618.40M | $645.40M | $595.30M |
| Short-term debt | $541.60M | $212.40M | $219.80M | $140.40M | $190.30M | $149.20M | $0 | $115.00M | $122.20M | $148.00M | $147.20M | $195.00M |
| Long-term debt | $1.65B | $44.40M | $31.60M | $41.70M | $43.10M | $2.30M | $2.20M | $0 | $0 | $0 | $0 | $0 |
| Total debt | $2.20B | $256.80M | $251.40M | $182.10M | $233.40M | $151.50M | $2.20M | $115.00M | $122.20M | $148.00M | $147.20M | $195.00M |
| Total liabilities | $4.32B | $989.50M | $958.10M | $803.10M | $912.40M | $763.90M | $656.60M | $594.20M | $686.20M | $748.90M | $778.70M | $725.90M |
| Shareholders' equity | $1.03B | $1.06B | $1.12B | $1.25B | $1.23B | $1.20B | $1.14B | $1.15B | $1.14B | $1.12B | $1.07B | $1.17B |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.00M | $44.90M | $63.30M | $99.30M | -$6.30M | $53.90M | $53.80M | $68.00M | $54.60M | $35.60M | $44.70M | $139.90M |
| Capital expenditures | $63.00M | $37.10M | $30.00M | $24.70M | $29.40M | $45.50M | $28.60M | $34.80M | $21.50M | $44.80M | $22.40M | $18.90M |
| Free cash flow | -$69.00M | $7.80M | $33.30M | $74.60M | -$35.70M | $8.40M | $25.20M | $33.20M | $33.10M | -$9.20M | $22.30M | $121.00M |
| Investing cash flow | -$586.80M | -$43.30M | -$115.80M | -$24.70M | -$29.60M | -$45.30M | -$28.60M | -$33.70M | -$21.50M | -$44.40M | -$22.40M | -$39.10M |
| Financing cash flow | $735.60M | -$8.00M | $52.90M | -$62.90M | $21.00M | $21.00M | -$13.90M | -$18.30M | -$37.30M | -$11.80M | -$175.90M | $86.20M |
| Dividends paid | $8.20M | $8.00M | $8.10M | $8.40M | $8.10M | $8.00M | $8.00M | $7.90M | $8.00M | $7.90M | $0 | $0 |
| Depreciation and amortization | $27.80M | $20.60M | $21.60M | $21.70M | $20.30M | $16.90M | $16.60M | $16.30M | $16.20M | $16.10M | $15.90M | $16.40M |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 212.4% | 11.6% | 12.0% | 18.0% | 4.7% | -8.6% | -14.7% | -8.5% | -7.9% | 3.1% | 3.2% | -7.0% |
| Net income growth, YoY | - | - | -24.6% | 16.8% | 14.3% | 4.7% | -71.8% | - | -48.1% | -21.0% | 807.4% | - |
| EPS growth, YoY | - | - | -25.9% | 48.0% | 30.4% | 4.7% | -72.4% | - | -52.9% | - | 790.9% | - |
| Gross margin | 9.6% | 12.8% | 9.9% | 10.7% | 13.2% | 15.2% | 11.8% | 10.8% | 12.0% | 14.4% | 14.9% | 7.5% |
| Operating margin | 2.1% | -8.0% | 0.4% | 2.5% | 5.5% | 8.0% | 2.7% | 2.6% | 5.2% | 7.4% | 8.2% | -1.1% |
| Net margin | -0.4% | -6.2% | 1.4% | 2.2% | 4.2% | 6.7% | 2.0% | 2.2% | 3.9% | 5.8% | 6.1% | -0.3% |
| Free cash flow margin | -2.5% | 0.8% | 4.3% | 8.6% | -4.1% | 1.0% | 3.7% | 4.5% | 4.0% | -1.0% | 2.8% | 15.0% |
| Current ratio | 1.81 | 1.46 | 1.48 | 1.80 | 1.66 | 1.66 | 1.75 | 1.83 | 1.71 | 1.62 | 1.58 | 1.83 |
| Debt to equity | 2.13 | 0.24 | 0.22 | 0.15 | 0.19 | 0.13 | 0.00 | 0.10 | 0.11 | 0.13 | 0.14 | 0.17 |
Source: XBRL data Worthington Steel Inc. files with the SEC, latest filing dated Oct 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| WS | $5.30B | +69.1% | -$38.30M | -0.7% | $1.99B |
| NUE | $36.10B | +17.2% | $2.88B | 8.0% | $56.55B |
| MT | $61.35B | -1.7% | $3.15B | 5.1% | $48.88B |
| STLD | $22.22B | +26.0% | $1.95B | 8.8% | $32.36B |
| TS | $11.98B | -4.3% | $1.93B | 16.1% | $31.49B |
| ATI | $5.01B | +9.4% | $555.60M | 11.1% | $25.11B |
| PKX | ₩68.99T | -6.1% | ₩690.69B | 1.0% | $16.02B |
| CRS | $3.19B | +10.2% | $569.80M | 17.9% | $15.13B |
| TX | $15.61B | -11.6% | $425.23M | 2.7% | $10.06B |