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Worthington Steel WS Operating margin

Operating margin at other companies

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RelianceRS
7.5%-0.2pp
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Cleveland-CliffsCLF
-6.6%-0.2pp
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Steel DynamicsSTLD
9.1%+0.6pp
LEC
Lincoln Electric HoldingsLECO
17%+1.2pp
Warrior Met Coal logo
Warrior Met CoalHCC
9.7%+2.7pp
AZZ logo
AZZAZZ
16%+1.1pp

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
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

Calculated from Worthington Steel’s reported figures.

Based on trailing twelve months.

The official record: Worthington Steel’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Worthington Steel's operating margin?
Worthington Steel (WS) reported operating margin of 4.2% in Q4 2025.
How has Worthington Steel's operating margin changed year-over-year?
Worthington Steel's operating margin decreased by 10.6% year-over-year, from 4.7% to 4.2%.
What is the long-term trend for Worthington Steel's operating margin?
Over 3 years (2022 to 2025), Worthington Steel's operating margin has grown at a -5.2% compound annual growth rate (CAGR), from 5.6% to 4.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.