What is Worthington Steel's change in AP?

Worthington Steel (WS) reported change in AP of -$46.9M in Q3 2025.

How has Worthington Steel's change in AP changed year-over-year?

Worthington Steel's change in AP increased by 36.7% year-over-year, from -$74.1M to -$46.9M.

What is the long-term trend for Worthington Steel's change in AP?

Over 2 years (2022 to 2025), Worthington Steel's change in AP has grown at a 3.0% compound annual growth rate (CAGR), from -$14.9M to $15.8M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Worthington Steel WS Change in AP

Change in AP at other companies

RelianceRS

$176.5M+55.1%

Cleveland-CliffsCLF

$41M-33.9%

Steel DynamicsSTLD

$156.91M-36.9%

ConstelliumCSTM

$326M+16.8%

NucorNUE

$226M-40.2%

LEC

Lincoln Electric HoldingsLECO

$83.78M+29.1%

Other financials

Income statement

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Revenue$769.8M+12.0%

Gross profit$76.1M-6.3%

Operating income$3.1M-83.1%

Net income$10.4M-24.6%

EPS (diluted)$0.20-25.9%

Balance sheet

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Cash & equivalents$90.0M+42.2%

Total debt$325.5M+72.0%

Total equity$1.1B+11.1%

Total assets$2.3B+28.7%

Cash flow

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Operating cash flow$63.3M+17.7%

CapEx$30.0M+4.9%

Free cash flow$33.3M+32.1%

Valuation

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Market cap$2.02B+56.0%

Enterprise value$2.26B+58.6%

P/E16.6×+4.6×

P/S0.6×+0.2×

Profitability

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Gross margin12.3%-0.1pp

Operating margin4.2%-0.5pp

Net margin3.6%+0.2pp

FCF margin2.4%-0.5pp

Returns & leverage

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Return on equity11.4%+0.3pp

Debt / equity0.3×+0.1×

Current ratio1.5×-0.3×

Where this comes from

Reported directly by Worthington Steel in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Worthington Steel’s 10-Q, filed January 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Worthington Steel's change in AP?: Worthington Steel (WS) reported change in AP of -$46.9M in Q3 2025.
How has Worthington Steel's change in AP changed year-over-year?: Worthington Steel's change in AP increased by 36.7% year-over-year, from -$74.1M to -$46.9M.
What is the long-term trend for Worthington Steel's change in AP?: Over 2 years (2022 to 2025), Worthington Steel's change in AP has grown at a 3.0% compound annual growth rate (CAGR), from -$14.9M to $15.8M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.