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Worthington Steel WS Q2 2026 earnings

Reported December 17, 2025 · After market close

Revenue$871.9MBeat by $70.2MDiluted EPS$0.38Miss by $0.01
Revenue estimate$801.8M
EPS estimate$0.39

Next report

Sep 23, 2026 (in 3 months)
Revenue estimate$922.7M
EPS estimate$0.68

Financials

Q2 2026

Income statement

See full
Revenue$871.9M+18.0%
Gross profit$93.2M+16.5%
Operating income$21.7M+14.8%
Net income$18.8M+46.9%
EPS (diluted)$0.37+48.0%

Balance sheet

See full
Cash & equivalents$89.8M+72.7%
Total debt$248.4M+32.8%
Total equity$1.1B+10.5%
Total assets$2.2B+23.6%

Cash flow

See full
Operating cash flow$99.3M+46.0%
CapEx$24.7M-29.0%
Free cash flow$74.6M+125%

Valuation & ratios

Valuation

as of 11/30/25
See full
Market cap$1.72B-22.5%
Enterprise value$1.87B-20.2%
P/E13.7×-1.7×
P/S0.5×-0.1×

Profitability

See full
Gross margin12.8%-0.4pp
Operating margin4.7%-1.2pp
Net margin3.8%-0.5pp
FCF margin2.2%-0.5pp

Returns & leverage

See full
Return on equity11.8%-2.2pp
Debt / equity0.2×0.0×
Current ratio1.8×0.0×

Segments

By product

See full
Direct$844.1M+20.4%
Toll$27.8M-27.0%

Versus estimates

Revenue

Q4 2026$929.2MMiss by $62.8MQ3 2026$769.8MMiss by $113.1M
Q2 2026$871.9MBeat by $70.2M
Q1 2026$872.9MBeat by $87.6MQ4 2025$832.9MBeat by $107.9MQ3 2025$687.4MMiss by $113.1M

Diluted EPS

Q4 2026$0.74Beat by $0.01Q3 2026$0.27Miss by $0.20
Q2 2026$0.38Miss by $0.01
Q1 2026$0.77Beat by $0.03Q4 2025$1.05Beat by $0.22Q3 2025$0.35Miss by $0.32

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Questions, answered.

When did Worthington Steel report Q2 2026 earnings?
Worthington Steel (WS) reported Q2 2026 earnings on December 17, 2025 after market close.
What were Worthington Steel's Q2 2026 revenue and EPS?
Worthington Steel reported revenue of $871.9M and diluted EPS of $0.38 for Q2 2026.
Did Worthington Steel beat estimates in Q2 2026?
Revenue beat the consensus estimate of $801.8M by $70.2M. EPS missed the consensus estimate of $0.39 by $0.01.
How did Worthington Steel's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.0% from $739.0M a year earlier and diluted EPS grew 100.0% from $0.19.
Where can I find Worthington Steel's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-25-326924) and the 10-Q periodic report (0001193125-26-007694) directly on SEC EDGAR. The filing index links above go to sec.gov.