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    Worthington Steel, Inc.

    Company overview

    Market capitalization
    $1.88B
    Employees
    6,000
    Latest publication
    2026-09-29
    About Worthington Steel, Inc.

    Worthington Steel, Inc. operates as a steel processor in North America. The company offers carbon flat-rolled steel and tailor welded blanks, as well as automotive and electrical steel lamination stampings; and aluminum tailor welded blanks. It also offers warehousing, logistics, and materials management services. It serves automotive, construction, machinery and equipment, heavy truck, agriculture, and energy sectors. The company was incorporated in 2023 and is headquartered in Columbus, Ohio.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20262026-05-31 · USDQ3 20262026-02-28 · USD
    Total Revenue929,200,000USD769,800,000USD
    Cost Of Revenue810,400,000USD693,700,000USD
    Selling General Administrative81,100,000USD77,500,000USD
    Operating Income-74,500,000USD-1,400,000USD
    Income Tax Expense1,100,000USD3,500,000USD
    Net Income3,600,000USD10,400,000USD
    Gross Profit—76,099,999USD
    Total Operating Expenses—77,500,000USD
    Interest Income—1,400,000USD
    Interest Expense—2,100,000USD
    Net Interest Income—-2,100,000USD
    Income Before Tax—14,300,000USD
    Tax Provision—3,500,000USD
    Net Income From Continuing Ops—10,800,000USD
    Ebit—16,400,000USD
    Ebitda—38,000,000USD
    Depreciation And Amortization—21,600,000USD
    Reconciled Depreciation—21,600,000USD
    Total Other Income Expense Net—15,700,000USD
    Minority Interest—-400,000USD
    Net Income Applicable To Common Shares—10,400,000USD
    SourceDisclosurePreliminaryAmendmentLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20262026-05-31 · USDQ3 20262026-02-28 · USDQ2 20262025-11-30 · USDQ1 20262025-08-31 · USDQ4 20252025-05-31 · USDQ3 20252025-02-28 · USDQ2 20252024-11-30 · USDQ1 20252024-08-31 · USD
    Total Assets2,252,400,000USD2,315,500,000USD2,150,000,000USD2,243,300,000USD1,961,800,000USD1,799,700,000USD1,739,300,000USD1,829,400,000USD
    Cash And Equivalents84,600,000USD90,000,000USD89,800,000USD78,300,000USD38,000,000USD63,300,000USD52,000,000USD—
    Total Current Assets1,129,900,000USD1,106,500,000USD1,050,300,000USD1,148,500,000USD1,048,500,000USD912,600,000USD857,400,000USD955,500,000USD
    Total Liabilities989,500,000USD———————
    Total Current Liabilities775,800,000USD745,600,000USD584,900,000USD693,600,000USD631,500,000USD521,000,000USD467,700,000USD557,900,000USD
    Total Stockholder Equity1,197,600,000USD1,124,500,000USD1,117,100,000USD1,104,900,000USD1,074,100,000USD1,012,300,000USD1,010,800,000USD1,009,100,000USD
    Total Equity Including Noncontrolling Interest1,197,600,000USD———————
    Short Long Term Debt27,000,000USD219,800,000USD140,400,000USD190,300,000USD149,200,000USD110,000,000USD115,000,000USD122,200,000USD
    Net Receivables496,200,000USD464,300,000USD445,600,000USD491,900,000USD438,800,000USD420,700,000USD382,100,000USD451,000,000USD
    Inventory415,700,000USD435,600,000USD413,000,000USD478,500,000USD422,000,000USD342,300,000USD343,000,000USD392,100,000USD
    Property Plant Equipment Net-37,100,000USD776,400,000USD757,500,000USD751,700,000USD620,800,000USD590,300,000USD574,000,000USD557,400,000USD
    Goodwill53,800,000USD———————
    Intangible Assets—87,000,000USD88,300,000USD90,000,000USD67,900,000USD69,300,000USD73,900,000USD75,500,000USD
    Other Current Assets—116,600,000USD101,900,000USD99,800,000USD149,700,000USD86,300,000USD80,300,000USD76,400,000USD
    Total Liab—958,100,000USD803,100,000USD912,400,000USD763,900,000USD656,600,000USD594,200,000USD686,200,000USD
    Other Current Liab—108,200,000USD91,400,000USD88,100,000USD67,600,000USD67,600,000USD58,600,000USD22,100,000USD
    Common Stock—0USD—0USD————
    Capital Stock—0USD0USD0USD0USD0USD0USD0USD
    Retained Earnings—205,700,000USD203,500,000USD192,500,000USD164,200,000USD116,500,000USD111,000,000USD106,300,000USD
    Good Will—103,300,000USD101,500,000USD101,700,000USD79,600,000USD79,300,000USD79,500,000USD79,700,000USD
    Other Assets—21,200,000USD18,600,000USD18,400,000USD18,400,000USD122,600,000USD24,100,000USD—
    Cash—90,000,000USD89,800,000USD78,300,000USD38,000,000USD63,300,000USD52,000,000USD36,000,000USD
    Cash And Short Term Investments—90,000,000USD89,800,000USD78,300,000USD38,000,000USD63,300,000USD52,000,000USD36,000,000USD
    Net Debt—262,600,000USD189,000,000USD255,000,000USD189,900,000USD125,900,000USD135,000,000USD160,000,000USD
    Short Term Debt—233,500,000USD153,100,000USD203,300,000USD156,900,000USD117,400,000USD122,400,000USD129,600,000USD
    Short Long Term Debt Total—352,600,000USD278,800,000USD333,300,000USD227,900,000USD189,200,000USD187,000,000USD196,000,000USD
    Long Term Debt—31,600,000USD41,700,000USD43,100,000USD2,300,000USD2,200,000USD——
    Long Term Investments—221,100,000USD133,800,000USD133,000,000USD126,600,000USD122,600,000USD130,400,000USD136,300,000USD
    Accounts Payable—401,900,000USD339,200,000USD385,700,000USD402,500,000USD334,900,000USD285,500,000USD359,300,000USD
    Property Plant Equipment Gross—1,586,100,000USD1,551,600,000USD1,525,500,000USD1,376,900,000USD1,340,600,000USD1,318,800,000USD1,288,600,000USD
    Accumulated Other Comprehensive Income—2,100,000USD-1,500,000USD-2,900,000USD-4,000,000USD-15,400,000USD-9,800,000USD-3,900,000USD
    Common Stock Shares Outstanding—49,800,000shares49,700,000shares49,600,000shares49,500,000shares50,500,000shares50,600,000shares50,400,000shares
    Non Current Assets Total—1,209,000,000USD1,099,700,000USD1,094,800,000USD913,300,000USD887,100,000USD881,900,000USD873,900,000USD
    Non Current Liabilities Total—212,500,000USD218,200,000USD218,800,000USD132,400,000USD135,600,000USD126,500,000USD128,300,000USD
    Non Current Liabilities Other—57,300,000USD51,700,000USD48,800,000USD32,800,000USD35,800,000USD35,300,000USD34,800,000USD
    Non Currrent Assets Other—8,500,000USD7,900,000USD8,000,000USD7,000,000USD15,300,000USD15,600,000USD16,500,000USD
    Net Working Capital—360,900,000USD465,400,000USD454,900,000USD417,000,000USD391,600,000USD389,700,000USD397,600,000USD
    Unclassified Current Liabilities—-217,800,000USD-139,200,000USD-173,800,000USD-144,700,000USD-108,900,000USD-113,800,000USD-82,600,000USD
    Unclassified Non Current Liabilities—123,600,000USD124,800,000USD126,900,000USD97,300,000USD97,600,000USD91,200,000USD93,500,000USD
    Unclassified Equity—916,700,000USD915,100,000USD915,300,000USD913,900,000USD911,200,000USD909,600,000USD906,700,000USD
    Unclassified Non Current Assets—————-112,300,000USD-15,600,000USD—
    Current Deferred Revenue———————7,300,000USD
    SourceDisclosurePreliminaryAmendmentLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-05-31 · USDFY 20252025-05-31 · USDFY 20242024-05-31 · USDFY 20232023-05-31 · USDFY 20222022-05-31 · USDFY 20212021-05-31 · USD
    Total Assets2,269,000,000USD1,961,800,000USD1,866,400,000USD1,764,400,000USD2,084,026,000USD1,366,654,000USD
    Intangible Assets80,700,000USD67,900,000USD77,000,000USD83,400,000USD89,718,000USD17,400,000USD
    Other Current Assets534,800,000USD149,700,000USD79,500,000USD61,100,000USD76,653,000USD74,514,000USD
    Total Liab990,200,000USD763,900,000USD748,900,000USD609,800,000USD817,665,000USD551,822,000USD
    Total Stockholder Equity1,072,099,999USD1,074,100,000USD985,300,000USD1,029,000,000USD1,133,151,000USD661,330,000USD
    Other Current Liab125,400,000USD72,100,000USD77,200,000USD35,566,000USD27,449,000USD49,695,000USD
    Retained Earnings148,800,000USD164,200,000USD86,100,000USD0USD——
    Good Will44,500,000USD79,600,000USD79,600,000USD78,600,000USD80,033,000USD20,218,000USD
    Cash84,600,000USD38,000,000USD40,200,000USD32,700,000USD20,052,000USD17,459,000USD
    Cash And Short Term Investments84,600,000USD38,000,000USD40,200,000USD32,700,000USD20,052,000USD17,459,000USD
    Total Current Assets1,129,500,000USD1,048,500,000USD1,001,800,000USD980,900,000USD1,267,100,000USD940,120,000USD
    Total Current Liabilities774,200,000USD631,500,000USD618,400,000USD478,400,000USD657,949,000USD506,103,000USD
    Net Debt269,799,999USD189,900,000USD183,700,000USD47,700,000USD133,849,000USD-9,352,000USD
    Short Term Debt225,700,000USD156,900,000USD155,600,000USD8,700,000USD68,640,000USD2,929,000USD
    Short Long Term Debt Total354,399,999USD227,900,000USD223,900,000USD80,400,000USD153,901,000USD8,107,000USD
    Net Receivables510,100,000USD438,800,000USD476,800,000USD472,300,000USD600,898,000USD405,216,000USD
    Accounts Payable422,400,000USD402,500,000USD380,400,000USD402,200,000USD524,119,000USD452,264,000USD
    Property Plant Equipment Net748,200,000USD620,800,000USD547,700,000USD489,700,000USD511,059,000USD283,583,000USD
    Accumulated Other Comprehensive Income3,900,000USD-4,000,000USD-6,100,000USD-2,100,000USD1,848,000USD38,385,000USD
    Common Stock Shares Outstanding49,800,000shares49,500,000shares49,800,000shares50,025,115shares50,025,115shares50,025,115shares
    Non Current Assets Total1,139,500,000USD913,300,000USD864,600,000USD783,500,000USD816,926,000USD426,534,000USD
    Non Current Liabilities Total216,000,000USD132,400,000USD130,500,000USD131,400,000USD159,716,000USD45,719,000USD
    Non Currrent Assets Other20,500,000USD7,000,000USD16,800,000USD10,900,000USD12,792,000USD11,591,000USD
    Unclassified Non Current Assets245,600,000USD—-16,800,000USD-10,904,000USD-12,792,000USD-11,591,000USD
    Unclassified Non Current Liabilities216,000,000USD97,300,000USD96,200,000USD38,008,000USD26,295,000USD-1,305,000USD
    Unclassified Equity919,399,999USD913,900,000USD905,300,000USD-1,031,107,000USD-1,131,303,000USD-622,945,000USD
    Capital Stock—0USD0USD1,031,107,000USD1,131,303,000USD622,945,000USD
    Other Assets—18,400,000USD25,300,000USD17,254,000USD16,791,000USD13,295,000USD
    Cash And Equivalents—38,000,000USD40,200,000USD32,678,000USD——
    Short Long Term Debt—149,200,000USD148,000,000USD22,813,000USD62,997,000USD—
    Long Term Debt—2,300,000USD—0USD20,000,000USD—
    Long Term Investments—126,600,000USD135,000,000USD114,550,000USD119,325,000USD92,038,000USD
    Inventory—422,000,000USD405,300,000USD414,800,000USD569,497,000USD442,931,000USD
    Property Plant Equipment Gross—1,376,900,000USD1,265,300,000USD1,149,250,000USD1,120,456,000USD864,939,000USD
    Non Current Liabilities Other—32,800,000USD34,300,000USD33,648,000USD38,966,000USD6,483,000USD
    Net Working Capital—417,000,000USD383,400,000USD502,496,000USD609,151,000USD434,017,000USD
    Unclassified Current Liabilities—-149,200,000USD-156,700,000USD9,121,000USD-25,256,000USD—
    Current Deferred Revenue——13,900,000USD———
    Common Stock———1,031,100,000USD1,131,303,000USD622,945,000USD
    Other Liab———59,744,000USD74,455,000USD40,541,000USD
    Net Tangible Assets———866,942,000USD963,400,000USD623,712,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20262026-05-31 · USDQ3 20262026-02-28 · USDQ2 20262025-11-30 · USDQ1 20262025-08-31 · USDQ4 20252025-05-31 · USDQ3 20252025-02-28 · USDQ2 20252024-11-30 · USDQ1 20252024-08-31 · USD
    Net Income-48,700,000USD10,800,000USD21,500,000USD38,600,000USD58,900,000USD12,100,000USD16,100,000USD32,200,000USD
    Depreciation21,200,000USD21,600,000USD21,700,000USD20,300,000USD16,900,000USD16,600,000USD16,300,000USD16,200,000USD
    Stock Based Compensation2,100,000USD400,000USD4,000,000USD7,400,000USD2,900,000USD2,800,000USD2,900,000USD2,400,000USD
    Other Non Cash Items56,400,000USD25,000,000USD200,000USD-7,300,000USD-3,700,000USD15,100,000USD6,900,000USD-1,400,000USD
    Change To Account Receivables-40,900,000USD-10,200,000USD50,700,000USD-15,900,000USD-23,900,000USD-36,700,000USD66,200,000USD28,500,000USD
    Change To Inventory18,700,000USD-21,100,000USD66,000,000USD-16,400,000USD-79,700,000USD600,000USD49,200,000USD13,200,000USD
    Change In Working Capital14,100,000USD12,500,000USD51,400,000USD-63,900,000USD-20,300,000USD7,200,000USD27,200,000USD6,100,000USD
    Total Cash From Operating Activities44,900,000USD63,300,000USD99,300,000USD-6,300,000USD53,900,000USD53,800,000USD68,000,000USD54,600,000USD
    Capital Expenditures-83,500,000USD54,100,000USD-24,700,000USD-29,400,000USD-45,500,000USD-28,600,000USD-34,800,000USD-21,500,000USD
    Free Cash Flow-38,600,000USD117,400,000USD74,600,000USD-35,700,000USD8,400,000USD25,200,000USD33,200,000USD33,100,000USD
    Total Cashflows From Investing Activities-49,300,000USD-115,800,000USD-24,700,000USD-29,600,000USD-45,300,000USD-28,600,000USD-33,700,000USD-21,500,000USD
    Total Cash From Financing Activities-2,000,000USD52,900,000USD-62,900,000USD21,000,000USD21,000,000USD-13,900,000USD-18,300,000USD-37,300,000USD
    Dividends Paid-8,000,000USD-8,100,000USD-8,400,000USD-8,100,000USD-8,000,000USD-8,000,000USD-7,900,000USD-8,000,000USD
    Sale Purchase Of Stock-3,200,000USD1,600,000USD1,600,000USD-1,600,000USD-200,000USD-1,200,000USD-100,000USD-1,600,000USD
    Change In Cash-5,400,000USD200,000USD11,500,000USD-14,600,000USD29,600,000USD11,300,000USD16,000,000USD-4,200,000USD
    Begin Period Cash Flow90,000,000USD89,800,000USD78,300,000USD92,900,000USD63,300,000USD52,000,000USD36,000,000USD40,200,000USD
    End Period Cash Flow84,600,000USD90,000,000USD89,800,000USD78,300,000USD92,900,000USD63,300,000USD52,000,000USD36,000,000USD
    Other Cashflows From Investing Activities-100,000USD-68,500,000USD-52,800,000USD1,400,000USD200,000USD-28,600,000USD1,100,000USD1,900,000USD
    Other Cashflows From Financing Activities6,000,000USD-3,500,000USD-4,800,000USD-1,600,000USD-10,100,000USD-1,900,000USD-3,100,000USD-1,900,000USD
    Unclassified Investing Cash Flow34,300,000USD-101,400,000USD52,800,000USD28,000,000USD45,300,000USD57,200,000USD33,700,000USD19,600,000USD
    Unclassified Financing Cash Flow3,200,000USD-1,600,000USD—1,600,000USD————
    Net Borrowings—64,500,000USD-51,300,000USD30,700,000USD39,300,000USD-2,800,000USD-7,200,000USD-25,800,000USD
    Unclassified Operating Cash Flow—-7,000,000USD—-1,400,000USD——-1,400,000USD—
    Investments———-29,600,000USD-45,300,000USD-28,600,000USD-33,700,000USD-21,500,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-05-31 · USDFY 20252025-05-31 · USDFY 20242024-05-31 · USDFY 20232023-05-31 · USDFY 20222022-05-31 · USDFY 20212021-05-31 · USD
    Net Income17,300,000USD119,300,000USD154,700,000USD99,697,000USD200,253,000USD188,669,000USD
    Depreciation84,800,000USD66,000,000USD65,300,000USD69,583,000USD59,501,000USD44,951,000USD
    Stock Based Compensation13,900,000USD11,000,000USD10,300,000USD10,351,000USD8,668,000USD10,136,000USD
    Other Non Cash Items65,500,000USD16,900,000USD-1,500,000USD5,164,000USD-38,594,000USD-13,271,000USD
    Change To Account Receivables-16,300,000USD34,100,000USD-1,400,000USD107,187,000USD-121,979,000USD-220,586,000USD
    Change To Inventory47,200,000USD-16,700,000USD16,400,000USD154,526,000USD-50,669,000USD-178,377,000USD
    Change In Working Capital27,800,000USD20,200,000USD-30,400,000USD139,932,000USD-203,981,000USD-72,748,000USD
    Total Cash From Operating Activities201,200,000USD230,300,000USD199,500,000USD315,011,000USD39,491,000USD152,550,000USD
    Capital Expenditures-121,200,000USD-130,400,000USD-103,400,000USD-45,470,000USD-36,442,000USD-28,801,000USD
    Free Cash Flow80,000,000USD99,900,000USD96,100,000USD269,541,000USD3,049,000USD123,749,000USD
    Total Cashflows From Investing Activities-219,400,000USD-129,100,000USD-132,000,000USD-22,153,000USD-395,347,000USD-27,690,000USD
    Total Cash From Financing Activities9,000,000USD-48,500,000USD-60,000,000USD-280,232,000USD358,449,000USD-116,676,000USD
    Dividends Paid-32,600,000USD-31,900,000USD-7,900,000USD0USD0USD—
    Change In Cash-8,300,000USD52,700,000USD7,500,000USD12,626,000USD2,593,000USD8,184,000USD
    Begin Period Cash Flow92,900,000USD40,200,000USD32,700,000USD20,052,000USD17,459,000USD9,275,000USD
    End Period Cash Flow84,600,000USD92,900,000USD40,200,000USD32,678,000USD20,052,000USD17,459,000USD
    Other Cashflows From Investing Activities300,000USD1,300,000USD1,200,000USD23,317,000USD24,619,000USD186,000USD
    Other Cashflows From Financing Activities35,600,000USD-17,000,000USD-197,600,000USD-220,032,000USD281,749,000USD-10,690,000USD
    Unclassified Operating Cash Flow-8,100,000USD-3,100,000USD—-9,716,000USD13,644,000USD-5,187,000USD
    Unclassified Investing Cash Flow-98,500,000USD129,100,000USD93,400,000USD22,153,000USD11,823,000USD28,615,000USD
    Unclassified Financing Cash Flow6,000,000USD————-182,712,000USD
    Investments—-129,100,000USD-123,200,000USD-22,153,000USD-395,347,000USD-27,690,000USD
    Net Borrowings—3,500,000USD145,200,000USD-60,183,000USD76,726,000USD76,726,000USD
    Sale Purchase Of Stock—-3,100,000USD300,000USD———
    Issuance Of Capital Stock——300,000USD0USD0USD—
    Change To Liabilities———-124,343,000USD-14,946,000USD293,083,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    FY 2025Yearly · 2025-05-31GeographyCanada330,800,000USD0000950170-25-099742
    FY 2025Yearly · 2025-05-31GeographyMX207,700,000USD0000950170-25-099742
    FY 2025Yearly · 2025-05-31GeographyRest of World118,500,000USD0000950170-25-099742
    FY 2025Yearly · 2025-05-31GeographyUnited States2,436,300,000USD0000950170-25-099742
    FY 2024Yearly · 2024-05-31GeographyCanada392,600,000USD0000950170-25-099742
    FY 2024Yearly · 2024-05-31GeographyMX181,300,000USD0000950170-25-099742
    FY 2024Yearly · 2024-05-31GeographyRest of World104,700,000USD0000950170-25-099742
    FY 2024Yearly · 2024-05-31GeographyUnited States2,752,000,000USD0000950170-25-099742
    Q3 2024Quarterly · 2024-02-29ProductDirect763,300,000USD0000950170-24-043883
    Q3 2024Quarterly · 2024-02-29ProductToll42,500,000USD0000950170-24-043883
    Q2 2024Quarterly · 2023-11-30ProductDirect769,800,000USD0000950170-24-004719
    Q2 2024Quarterly · 2023-11-30ProductToll38,200,000USD0000950170-24-004719
    FY 2023Yearly · 2023-05-31GeographyCanada406,100,000USD0000950170-25-099742
    FY 2023Yearly · 2023-05-31GeographyMX213,700,000USD0000950170-25-099742
    FY 2023Yearly · 2023-05-31GeographyRest of World95,700,000USD0000950170-25-099742
    FY 2023Yearly · 2023-05-31GeographyUnited States2,892,200,000USD0000950170-25-099742
    Q3 2023Quarterly · 2023-02-28ProductDirect745,500,000USD0000950170-24-043883
    Q3 2023Quarterly · 2023-02-28ProductToll35,200,000USD0000950170-24-043883
    Q2 2023Quarterly · 2022-11-30ProductDirect833,100,000USD0000950170-24-004719
    Q2 2023Quarterly · 2022-11-30ProductToll35,300,000USD0000950170-24-004719
    FY 2022Yearly · 2022-05-31GeographyCanada387,900,000USD0000950170-24-090031
    FY 2022Yearly · 2022-05-31GeographyMX179,100,000USD0000950170-24-090031
    FY 2022Yearly · 2022-05-31GeographyOther Countries61,900,000USD0000950170-24-090031
    FY 2022Yearly · 2022-05-31GeographyUnited States3,440,000,000USD0000950170-24-090031

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.