Worthington Steel, Inc. (WS)

Worthington Steel, Inc., together with its subsidiaries, operates as a steel processor in the United States, Canada, Mexico, and internationally. The company offers carbon flat-rolled steel processing services, including pickling, specialty re-rolling, hot dip galvanizing, blanking, slitting, and cutting-to-length; laser welded solutions; precision magnetic steel laminations for the automotive, industrial motor, generator, and transformer industries; tailor and aluminum tailor welded blanks; steel toll processing services for steel mills, large end-users, and service centers; and automotive and electrical steel lamination stampings. It serves the automotive, construction, machinery and equipment, agriculture, heavy truck, and energy sectors. Worthington Steel, Inc. was incorporated in 2023 and is headquartered in Columbus, Ohio.

Symbol: WS
Exchange: NYSE
Sector: Basic Materials
Industry: Steel
Market cap: $1.85B
52 week range: 27.22 - 49.17

Valuation

Share price: $36.97 (close of 2026-10-02)
P/E (TTM): 217.47x
Price to book: 1.54x
Price to free cash flow: 23.07x
Enterprise value: $2.12B
Book value per share: $23.99

Price performance

Period	Change
1 day	+1.76%
5 days	+1.96%
1 month	+2.64%
3 months	+15.46%
6 months	+22.21%
Year to date	+6.79%
1 year	+17.10%
All time	+47.88%

Profitability and growth

Return on equity: 0.71%
Return on invested capital: -0.10%
Return on assets: 0.38%
Return on capital employed: -0.09%
Gross margin: 11.71%
Net margin: 0.25%
EBITDA margin: 2.40%
Revenue growth: 11.33%
Net income growth: -92.32%
Free cash flow growth: -19.92%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.33%
Current ratio: 1.46x
Net debt to EBITDA: 2.25x

Latest reported year

Period end: 2026-05-31
Fiscal year: 2026
Revenue: $3.44B
Cost of revenue: $3.04B
Gross profit: $403.30M
EBITDA: $82.80M
Net income: $8.50M
Earnings per share: $0.17
Shares outstanding: 49.80M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-05-31	$3.44B	$403.30M	$8.50M	$0.17
2025-05-31	$3.09B	$388.60M	$110.70M	$2.24
2024-05-31	$3.43B	$439.80M	$154.70M	$3.14
2023-05-31	$3.61B	$336.50M	$87.10M	$1.77
2022-05-31	$4.07B	$395.50M	$180.40M	$3.66

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-05-31	11.71%	0.25%	0.71%	-0.10%
2025-05-31	12.56%	3.58%	9.24%	8.52%
2024-05-31	12.82%	4.51%	13.84%	11.40%
2023-05-31	9.33%	2.41%	7.54%	7.47%
2022-05-31	9.72%	4.43%	14.25%	13.85%

Cash and debt by year

Period end	Cash	Debt
2026-05-31	$84.60M	$44.40M
2025-05-31	$38.00M	$2.30M
2024-05-31	$40.20M	-
2023-05-31	$32.70M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-05-31	$80.00M	$13.90M
2025-05-31	$99.90M	$11.00M
2024-05-31	$96.10M	$10.30M
2023-05-31	$269.50M	$10.40M
2022-05-31	$3.10M	$8.70M

Dividend history

Most recent payment: 2026-09-15
Paid in the last twelve months: $0.64

Payment date	Dividend per share
2026-09-15	$0.16
2026-06-12	$0.16
2026-03-13	$0.16
2025-12-12	$0.16
2025-09-12	$0.16
2025-06-13	$0.16
2025-03-14	$0.16
2024-12-13	$0.16

Investor relations

Next earnings report

Next confirmed report: 2026-10-06
Consensus EPS estimate: $1.16

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-06-24	May/2026	$0.73
2026-03-25	Feb/2026	$0.47
2025-12-17	Nov/2025	$0.48
2025-09-24	Aug/2025	$0.72
2025-06-25	May/2025	$0.83
2025-03-19	Feb/2025	$0.67
2024-12-18	Nov/2024	$0.70
2024-09-25	Aug/2024	$0.50

Filings and sources

Company website: worthingtonsteel.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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