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Worthington Steel, Inc.

WS Basic Materials Steel

Worthington Steel, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $3.4 billion, up 11.3% from fiscal 2025. In the quarter to August 2026, revenue grew 212.4%, EPS fell 125.7%, free cash flow fell 42.6% and total debt rose 823.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

39.66 0.36 +0.92%
Market cap
$2.0B
P/E
0.0×
Fwd P/E
14.3×
Dividend yield
1.61%
F-score
4/9
Altman Z
3.00
Beneish M
−2.77
Dividend safety
45/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.37
Total sells 1.44
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — 2 — — — — — — — — —
Sell — — — — — — 1 2 — — — 1
Insider Ownership 36.12%

Capital & Financial Ratios $m

Market Cap 2,010.00
Revenue 5,297.50
Net Income (56.50)
Free Cash Flow 82.00
Net Debt 1,962.60
Current Ratio 1.81 (at or above 1.5: strong)
Debt/Equity 1.35
P/E ratio 0.00
Fwd P/E 14.30
P/S ratio 0.37
P/B ratio 1.21
Past 5Y EPS Growth —
This Y EPS Growth 82.51% (at or above 15%: strong)
Next Y EPS Growth 16.95% (at or above 15%: strong)
Next Y revenue growth 11.56% (at or above 10%: strong)
Next 5Y EPS Growth 39.57% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.5×; over the ten years it ranged from 0.4× in 2023 to 0.7× in 2026.

Dividends

Payout Ratio 1.81
Annual Dividend Rate 0.64
Annual Dividend Yield 1.61%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.64
0.16
0.16
0.16
2025 0.64
0.16
0.16
0.16
0.16
2024 0.64
0.16
0.16
0.16
0.16
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 40 93 85 248
Receivables 477 439 511 1,423
Inventory 405 422 416 1,710
Other 3 12 9 9
1,002 1,049 1,130 3,827
2024 2025 2026 Q'26
Payables 380 403 424 1,171
ST’ Debt 148 149 212 542
Other — — — —
618 632 776 2,109

Compound Annual Growth %

10y 5y 3y
Sales — — (1.54%)
Cash Flow — — (13.88%)
Earnings — — (53.96%)
Book Value — — 1.23%

Revenue $m

Aug Nov Feb May Year
’26 2,727 — — — —
’26 873 872 770 929 3,444
’25 834 739 687 833 3,093
’24 906 808 806 911 3,431
’23 — 868 781 — 3,608
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 (6) — — — —
’26 (6) 99 63 45 201
’25 55 68 54 54 230
’24 (21) 140 45 36 200
’23 — 118 118 79 315
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 (49) — — — —
’26 (34) 75 49 8 97
’25 33 34 25 9 101
’24 (38) 122 22 (9) 97
’23 — 115 107 70 293
Fiscal quarters ending in the months shown.

EPS $

Aug Nov Feb May Year
’26 (0.20) — — — —
’26 0.76 0.37 0.20 (0.98) 0.34
’25 0.56 0.25 0.27 1.10 2.19
’24 1.26 (0.12) 0.98 1.06 3.11
’23 — (0.25) 0.19 — 2.02
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — — — — — 21.00 23.82 21.30 27.22

Analyst estimates 2027–2029

Powerpack
High — — — — — — 35.01 47.19 38.59 49.17
People
People Employees — — — — — — 4,100 4,600 4,800 5,400
Revenue/emp, $m — — — — — 0.00 0.88 0.75 0.64 0.64
Income, $m
Income, $m Revenue — — — — — 4,069 3,608 3,431 3,093 3,444
Gross margin, % — — — — — 9.72 9.33 12.82 12.56 11.71
EBT — — — — — 254 129 216 148 7
EBT margin, % — — — — — 6.25 3.57 6.30 4.79 0.21
Net income — — — — — 200 100 170 119 (13)
Depreciation — — — — — 60 70 65 66 84
Per share, $
Per share, $ Revenue — — — — — 82.53 73.18 69.59 62.49 69.15
Earnings — — — — — 4.06 2.02 3.14 2.24 0.35
Cash flow — — — — — 0.80 6.39 4.05 4.65 4.04
Capex — — — — — (0.24) (0.45) (2.07) (2.61) (2.10)
Free cash flow — — — — — 0.56 5.94 1.97 2.04 1.94
Book value — — — — — 0.00 23.42 22.67 24.20 24.05
Shares, m — — — — — 49 49 49 50 50
Valuation, ×
Valuation, × P/E — — — — — 25.59 25.59 10.28 11.50 109.92
P/S — — — — — 0.00 0.00 0.47 0.41 0.62
P/B — — — — — 1.07 1.07 1.46 1.06 1.77
EV/Sales — — — — — 0.00 0.00 0.51 0.43 0.67
EV/FCF — — — — — 4.80 4.80 17.82 13.17 23.84
Cash, $m
Cash, $m Operating cash flow — — — — — 40 315 200 230 201
Capex — — — — — (12) (22) (102) (129) (105)
Free cash flow — — — — — 28 293 97 101 97
Balance, $m
Balance, $m Working capital — — — — — — 503 383 417 354
Total debt — — — — — — 23 148 152 262
Net debt — — — — — — (10) 108 59 178
Shareholders’ equity — — — — — — 1,155 1,118 1,198 1,198
Returns, %
Returns, % ROA — — — — — 0.00 9.87 8.52 5.78 0.40
ROIC — — — — — 0.00 6.57 9.92 7.31 (0.06)
ROE — — — — — 0.00 0.00 13.62 9.56 0.71
Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 15 Oct 2026

Charts ten years each

Worthington Steel, Inc. vs peers in Steel (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CLF Cleveland-Cliffs Inc. $6.9B — (loss-making) — (loss-making) +5.92% (above 0%: growing) n/m +208.96% (above 0%: growing) 2.53% (0.94%) Compare
GGB Gerdau S.A. $6.3B 21.8× — +14.33% (above 0%: growing) +87.50% (above 0%: growing) +171.99% (above 0%: growing) 15.83% 13.05% Compare
SIM Grupo Simec, S.A. de C.V. $4.6B 23.3× 28.5× +29.60% (above 0%: growing) n/m +51.13% (above 0%: growing) 24.99% 15.91% Compare
WS Worthington Steel, Inc. $2.0B — (loss-making) 14.3× +212.36% (above 0%: growing) n/m −42.57% (below 0%: shrinking) 9.58% 2.05%
SID National Steel Company $1.5B — (loss-making) 199× +18.55% (above 0%: growing) n/m +8.38% (above 0%: growing) 25.92% 5.54% Compare
MTL Mechel PAO $1.2B 0.8× 10.3× +70.05% (above 0%: growing) n/m +467.53% (above 0%: growing) 44.33% 0.00% Compare
NWPX NWPX Infrastructure, Inc. $945.9M 19.3× 23.9× +19.74% (above 0%: growing) +80.22% (above 0%: growing) +410.94% (above 0%: growing) 21.54% 13.26% Compare
MTUS Metallus Inc. $846.4M 108× 25.5× +11.95% (above 0%: growing) +133.33% (above 0%: growing) −114.12% (below 0%: shrinking) 10.00% 3.46% Compare
ASTL Algoma Steel Group Inc. $433.2M — (loss-making) — (loss-making) −54.68% (below 0%: shrinking) n/m +20.93% (above 0%: growing) (39.36%) (50.17%) Compare
Median of peers $1.4B 21.8× 25.5× +16.44% +87.50% +111.56% 18.69% 4.50%

All 21 Steel stocks →

Worthington Steel, Inc. (WS) key facts

  • Strength: Worthington Steel, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $3.4 billion, up 11.3% from fiscal 2025.
  • Worthington Steel, Inc. (WS) is a Steel company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, WS traded at $39.66, a market capitalization of $2.0 billion.
  • Worthington Steel, Inc. pays an annual dividend of $0.64 per share, a yield of 1.61%, with a payout ratio of 181.4%.
  • Return on equity was 0.71% and debt-to-equity 1.35.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 3.00 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 15, 2026.

Worthington Steel, Inc. (WS) Latest News

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stockrow.com/WS · Data as of Oct 15, 2026 · For information only; not investment advice. · © 2026 stockrow.com