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Worthington Steel Inc (WS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

BASIC MATERIALS · STEEL · DATA UPDATED 2026-09-13

Worthington Steel Inc (WS) operates in the STEEL industry and is headquartered in Columbus, United States with about 5,400 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2026-05-31, WS reported $3.4B in revenue and $17M in net income.

Worthington Steel, Inc., together with its subsidiaries, operates as a steel processor in the United States, Canada, Mexico, and internationally.

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WS Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Total Revenue$3.4B$3.4B$3.1B$3.4B$3.6B$4.1B$2.1B
Gross Profit$403M$403M$389M$440M$336M$396M$371M
Gross Margin %11.7%11.7%12.6%12.8%9.3%9.7%17.4%
Operating Income (EBIT)$106M$105M$147M$194M$120M$227M$222M
Operating Margin %3.1%3.0%4.8%5.7%3.3%5.6%10.4%
Net Income$17M$17M$111M$155M$87M$180M$171M
Net Margin %0.5%0.5%3.6%4.5%2.4%4.4%8.0%
EBITDA$221M$190M$221M$288M$201M$317M$268M
Earnings Per Share (EPS)$0.34$0.35$2.24$3.11$1.74$3.61$3.42
Shares Outstanding (M)50M50M50M50M50M50M50M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-31
Total Revenue$929M$770M$872M$873M$833M$687M$739M$834M
Gross Profit$118M$76M$93M$115M$127M$81M$80M$100M
Gross Margin %12.7%9.9%10.7%13.2%15.2%11.8%10.8%12.0%
Operating Income (EBIT)$37M($1M)$22M$48M$66M$18M$19M$43M
Operating Margin %4.0%-0.2%2.6%5.5%8.0%2.7%2.6%5.2%
Net Income($49M)$10M$19M$36M$56M$14M$13M$28M
Net Margin %-5.2%1.4%2.2%4.2%6.7%2.0%1.7%3.4%
EBITDA$58M$38M$50M$75M$93M$35M$38M$55M
Earnings Per Share (EPS)$-0.98$0.21$0.38$0.73$1.13$0.27$0.25$0.56
Shares Outstanding (M)50M50M50M50M50M50M51M50M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WS Free Cash Flow History

Cash flowTTM → 2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Cash from Operations (CFO)$201M$201M$230M$200M$315M$39M$153M
Capital Expenditures (CapEx)$192M$121M$130M$103M$45M$36M$29M
Free Cash Flow (FCF)$10M$80M$100M$96M$270M$3M$124M
FCF Margin %0.3%2.3%3.2%2.8%7.5%0.1%5.8%
Dividends Paid$33M$33M$32M$8M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-31
Cash from Operations (CFO)$45M$63M$99M($6M)$54M$54M$68M$55M
Capital Expenditures (CapEx)$84M$54M$25M$29M$46M$29M$35M$22M
Free Cash Flow (FCF)($39M)$9M$75M($36M)$8M$25M$33M$33M
FCF Margin %-4.2%1.2%8.6%-4.1%1.0%3.7%4.5%4.0%
Dividends Paid$8M$8M$8M$8M$8M$8M$8M$8M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WS Balance Sheet History

Balance sheet2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Total Assets$2.3B$2.3B$2.0B$1.9B$1.8B$2.1B$1.4B
Cash & Cash Equivalents$85M$85M$38M$40M$33M$20M$17M
Total Liabilities$990M$990M$764M$749M$610M$818M$552M
Total Debt (Short + Long-Term)$270M$270M$159M$156M$9M$89M$3M
Total Shareholders' Equity$1.1B$1.1B$1.1B$985M$1.0B$1.1B$661M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WS viewer.

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