WORNYSESteel Works, Blast Furnaces & Rolling & Finishing MillsFiscal year ends May 31
WORTHINGTON ENTERPRISES, INC.
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 9, 2026
$63.33−0.91 (-1.42%)
Close on Oct 19, 2026
- Market cap
- $3.11B
- P/E (TTM)
- 19.1
- Dividend yield
- 1.20%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
27.4%+7.2 pts over 5 years
Operating margin
5.5%+0.2 pts over 5 years
Net margin
11.3%−11.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.7% | -0.9% | -15.3% | -6.9% | |
| Gross profit | +18.6% | +5.3% | -10.0% | -1.8% | |
| Operating income | – | +36.7% | -14.6% | -4.6% | |
| Net income | +62.5% | -15.3% | -26.4% | +0.8% | |
| EPS, diluted | +63.5% | -15.4% | -25.2% | +3.5% | |
| Free cash flow | +6.9% | -31.9% | -2.4% | -6.0% | |
| Dividend per share | +11.8% | -15.1% | -5.9% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 23.4% | 65.2% | 15.9% | |
| Return on assets | 9.3% | 25.4% | 8.8% | |
| Current ratio | 2.29 | 2.50 | 2.37 | |
| Debt to equity | 0.61 | 0.51 | 0.30 | |
| Net debt to EBITDA | 1.00× | 0.28× | 2.08× | |
| Interest coverage | 7.2× | 5.5× | 12.2× | |
| Inventory turnover | 7.4× | 5.2× | 5.3× | |
| Capex to revenue | 2.3% | 2.6% | 4.0% | |
| Diluted shares | 65M | 54M | 50M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Worthington Enterprises generated $1.42B from operations and spent $869.91M on capital expenditure, dividends and share buybacks. 43% of that went back into the business.
Generated
$1.42B
Used
$869.91M
Capital expenditure$370.99M43%Dividends$244.08M28%Share buybacks$254.84M29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.3%
×Asset turnover0.78×
×Equity multiplier1.80×
=Return on equity, FY202615.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 11.3% | 0.78× | 1.80× | 15.9% |
| FY2025 | 8.3% | 0.69× | 1.83× | 10.5% |
| FY2024 | 8.9% | 0.47× | 2.05× | 8.6% |
| FY2023 | 18.1% | 0.39× | 2.30× | 16.2% |
| FY2022 | 29.0% | 0.37× | 2.44× | 26.4% |
| FY2021 | 22.8% | 1.11× | 2.57× | 65.2% |
| FY2020 | 2.6% | 1.26× | 2.93× | 9.5% |
| FY2019 | 4.1% | 1.46× | 2.93× | 17.5% |
| FY2018 | 5.4% | 1.45× | 2.64× | 20.8% |
| FY2017 | 6.8% | 1.37× | 2.51× | 23.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$156.09M
- Cash generatingOperating cash flow above zero$226.12M
- Return on assets improvedROA up on the prior year5.9% → 9.2%
- Earnings backed by cashOperating cash flow above net income$226.12M vs $156.09M
- Less leverageLong-term debt to assets fell17.9% → 16.6%
- Better liquidityCurrent ratio rose3.48 → 2.37
- No dilutionShare count did not rise50M → 50M
- Gross margin improvedGross margin up on the prior year27.65% → 27.39%
- More efficientAsset turnover rose0.70 → 0.81