InsiderClue
Stocks · Materials · Steel Works, Blast Furnaces & Rolling & Finishing Mills

Worthington Steel, Inc.

WS Clue Score47
United States Fiscal year ends May CIK 0001968487
$36.05 +4.13% Close, 9 Oct 2026
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Price $36.05 +17.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Nov 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue4,068.9Operating income226.6Net income180.4EPS, diluted3.66Fiscal year 2023Revenue3,607.7 −11.3%Operating income120.3Net income87.1 −51.7%EPS, diluted1.77 −51.6%Fiscal year 2024Revenue3,430.6 −4.9%Operating income194.5Net income154.7 +77.6%EPS, diluted3.11 +75.7%Fiscal year 2025Revenue3,093.3 −9.8%Operating income147.0Net income110.7 −28.4%EPS, diluted2.19 −29.6%Fiscal year 2026Revenue3,443.8 +11.3%Operating income−1.4Net income8.5 −92.3%EPS, diluted0.17 −92.2%
FY2022FY2023FY2024FY2025FY2026
Revenue 4,068.9 3,607.7 3,430.6 3,093.3 3,443.8
Growth −11.3% −4.9% −9.8% +11.3%
Operating income 226.6 120.3 194.5 147.0 −1.4
Net income 180.4 87.1 154.7 110.7 8.5
Growth −51.7% +77.6% −28.4% −92.3%
EPS, diluted 3.66 1.77 3.11 2.19 0.17
Growth −51.6% +75.7% −29.6% −92.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin9.7%Operating margin5.6%Net margin4.4%Free cash flow margin0.1%Fiscal year 2023Gross margin9.3%Operating margin3.3%Net margin2.4%Free cash flow margin7.5%Fiscal year 2024Gross margin12.8%Operating margin5.7%Net margin4.5%Free cash flow margin2.8%Fiscal year 2025Gross margin12.6%Operating margin4.8%Net margin3.6%Free cash flow margin3.2%Fiscal year 2026Gross margin11.7%Operating margin−0.0%Net margin0.2%Free cash flow margin2.3%
FY2022FY2023FY2024FY2025FY2026
Gross margin 9.7% 9.3% 12.8% 12.6% 11.7%
Operating margin 5.6% 3.3% 5.7% 4.8% −0.0%
Net margin 4.4% 2.4% 4.5% 3.6% 0.2%
Free cash flow margin 0.1% 7.5% 2.8% 3.2% 2.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow39.5Capital expenditure−36.4Free cash flow3.1Dividends paid0.0Fiscal year 2023Operating cash flow315.0Capital expenditure−45.5Free cash flow269.5 +8,593.5%Dividends paid0.0Fiscal year 2024Operating cash flow199.5Capital expenditure−103.4Free cash flow96.1 −64.3%Dividends paid−7.9Fiscal year 2025Operating cash flow230.3Capital expenditure−130.4Free cash flow99.9 +4.0%Dividends paid−31.9Fiscal year 2026Operating cash flow201.2Capital expenditure−121.2Free cash flow80.0 −19.9%Dividends paid−32.6
FY2022FY2023FY2024FY2025FY2026
Operating cash flow 39.5 315.0 199.5 230.3 201.2
Capital expenditure −36.4 −45.5 −103.4 −130.4 −121.2
Free cash flow 3.1 269.5 96.1 99.9 80.0
Growth +8,593.5% −64.3% +4.0% −19.9%
Dividends paid 0.0 0.0 −7.9 −31.9 −32.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash20.1Shareholders’ equity1,266.4Fiscal year 2023Cash32.7Total debt20.0Net cash (debt)12.7Shareholders’ equity1,029.0Debt to equity0.02Fiscal year 2024Cash40.2Total debt0.0Net cash (debt)40.2Shareholders’ equity985.3Debt to equity0.00Fiscal year 2025Cash38.0Total debt2.3Net cash (debt)35.7Shareholders’ equity1,074.1Debt to equity0.00Fiscal year 2026Cash84.6Total debt71.4Net cash (debt)13.2Shareholders’ equity1,063.3Debt to equity0.07
FY2022FY2023FY2024FY2025FY2026
Cash 20.1 32.7 40.2 38.0 84.6
Total debt n/a 20.0 0.0 2.3 71.4
Net cash (debt) n/a 12.7 40.2 35.7 13.2
Shareholders’ equity 1,266.4 1,029.0 985.3 1,074.1 1,063.3
Debt to equity n/a 0.02 0.00 0.00 0.07

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 May 2022 FY2023 31 May 2023 FY2024 31 May 2024 FY2025 31 May 2025 FY2026 31 May 2026
Assets
20.1 32.7 40.2 38.0 84.6
n/a 468.0 472.6 438.7 496.2
n/a 414.8 405.3 422.0 415.7
n/a 414.4 474.8 548.2 649.3
80.0 78.6 79.6 79.6 44.5
n/a 1,764.4 1,866.4 1,961.8 2,252.4
Growth +5.8% +5.1% +14.8%
Liabilities
n/a 20.0 0.0 0.0 27.0
n/a 0.0 0.0 2.3 44.4
calc n/a 20.0 0.0 2.3 71.4
n/a 609.8 748.9 763.9 989.5
Equity
n/a 0.0 86.1 164.2 140.0
1,266.4 1,029.0 985.3 1,074.1 1,063.3
Growth −18.7% −4.2% +9.0% −1.0%
Per share and net cash
calc n/a 12.7 40.2 35.7 13.2
n/a 0.0 49.3 49.5 49.9
calc n/a 10,290,000.00 19.97 21.68 21.30

Lines marked calc are worked out here from filed figures; point at one for how.