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Other financials

Income statement

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Revenue$929.2M+11.6%
Gross profit$118.8M-6.5%
Operating income$74.5M+12.2%
Net income$83.8M+50.4%
EPS (diluted)$1.15+4.5%

Balance sheet

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Cash & equivalents$84.6M+123%
Total debt$318.9M+39.9%
Total equity$1.1B+11.1%
Total assets$2.3B+14.8%

Cash flow

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Operating cash flow$44.9M-16.7%
CapEx$37.1M-18.5%
Free cash flow$7.8M-7.1%

Valuation

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Market cap$1.89B+24.4%
Enterprise value$2.12B+24.2%
P/E12.6×-1.1×
P/S0.6×+0.1×

Profitability

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Gross margin11.7%-0.9pp
Operating margin4.3%-0.5pp
Net margin4.3%+0.8pp
FCF margin2.3%-0.9pp

Returns & leverage

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Return on equity11.4%+0.3pp
Debt / equity0.3×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Worthington Steel in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The source filing: Worthington Steel’s 10-Q, filed April 9, 2026.

Filed
Apr 9, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001968487-26-000008
Line itemThree Months Ended / February 28, 2026Three Months Ended / February 28, 2025Nine Months Ended / February 28, 2026Nine Months Ended / February 28, 2025
Equity in net income of unconsolidated affiliate3.5-16.70.4
Earnings before income taxes14.317.192.073.0
Income tax expense3.55.021.112.6
Net earnings10.812.170.960.4
Net earnings (loss) attributable to noncontrolling interests0.4(1.7)4.95.4
Net earnings attributable to controlling interest$10.4$13.8$66.0$55.0
Basic
Weighted average common shares outstanding49.949.549.849.5

Item 1. – Financial Statements

FAQ

What is Worthington Steel's net income?
Worthington Steel (WS) reported net income of $10.8M in Q4 2025.
How has Worthington Steel's net income changed year-over-year?
Worthington Steel's net income decreased by 10.7% year-over-year, from $12.1M to $10.8M.
What is the long-term trend for Worthington Steel's net income?
Over 3 years (2022 to 2025), Worthington Steel's net income has grown at a -15.9% compound annual growth rate (CAGR), from $200.3M to $119.3M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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