What is Worthington Steel's return on invested capital?

Worthington Steel (WS) reported return on invested capital of 8.7% in Q4 2025.

How has Worthington Steel's return on invested capital changed year-over-year?

Worthington Steel's return on invested capital decreased by 17.6% year-over-year, from 10.5% to 8.7%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Worthington Steel WS Return on invested capital

Return on invested capital at other companies

RelianceRS

9.7%+0.2pp

Cleveland-CliffsCLF

-9.1%-0.9pp

Steel DynamicsSTLD

11.2%+1.1pp

ConstelliumCSTM

17.5%—

Commercial MetalsCMC

1.5%-11.0pp

NucorNUE

14.7%+5.2pp

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

Calculated from Worthington Steel’s reported figures.

nopat/invested capital=8.7%

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 return on invested capital?: Worthington Steel (WS) reported return on invested capital of 8.7% in Q4 2025.
How has Worthington Steel's return on invested capital changed year-over-year?: Worthington Steel's return on invested capital decreased by 17.6% year-over-year, from 10.5% to 8.7%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.