WSNYSESteel Works, Blast Furnaces & Rolling & Finishing MillsFiscal year ends May 31
Worthington Steel, Inc.
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 13, 2026
$41.66+1.98 (+4.99%)
Close on Oct 19, 2026
- Market cap
- $2.08B
- P/E (TTM)
- –
- Dividend yield
- 1.54%
Margins
Share of revenue, fiscal years 2021 to 2026
Gross margin
11.7%
Operating margin
-0.0%
Net margin
0.2%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.3% | -1.5% | – | – | |
| Gross profit | +3.8% | +6.2% | – | – | |
| Net income | -92.3% | -54.0% | – | – | |
| EPS, diluted | -92.2% | -54.2% | – | – | |
| Free cash flow | -19.9% | -33.3% | – | – | |
| Dividend per share | 0.0% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 0.8% | |
| Return on assets | – | – | 0.4% | |
| Current ratio | – | – | 1.46 | |
| Debt to equity | – | – | 0.24 | |
| Net debt to EBITDA | – | – | 2.08× | |
| Interest coverage | – | – | -0.0× | |
| Inventory turnover | – | – | 7.3× | |
| Capex to revenue | – | – | 3.5% | |
| Diluted shares | – | – | 51M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Worthington Steel generated $985.50M from operations and spent $509.30M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$985.50M
Used
$509.30M
Capital expenditure$436.90M86%Dividends$72.40M14%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.2%
×Asset turnover1.63×
×Equity multiplier1.97×
=Return on equity, FY20260.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 0.2% | 1.63× | 1.97× | 0.8% |
| FY2025 | 3.6% | 1.62× | 1.86× | 10.8% |
| FY2024 | 4.5% | 1.89× | 1.80× | 15.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$8.50M
- Cash generatingOperating cash flow above zero$201.20M
- Return on assets improvedROA up on the prior year5.9% → 0.4%
- Earnings backed by cashOperating cash flow above net income$201.20M vs $8.50M
- Less leverageLong-term debt to assets fell0.1% → 2.0%
- Better liquidityCurrent ratio rose1.66 → 1.46
- No dilutionShare count did not rise51M → 51M
- Gross margin improvedGross margin up on the prior year12.56% → 11.71%
- More efficientAsset turnover rose1.66 → 1.76