Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026
Basics
Sector
Basic Materials
Industry
Steel
Country
United States
Market cap
2.0B USD
Enterprise value
4.0B USD
Full-time employees
5,400
Overall health
Strength:growing faster than most peersgrowing faster than peers
Drawback:less profitable than most peersless profitable than peers
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 2.25 vs a peer median of 0.69) and more debt relative to equity (2.16× vs a peer median of 0.36×)higher risk: bigger price swings (beta 2.25 vs peers 0.69) and more debt vs equity (2.16× vs peers 0.36×)
Ranks #1,034 of 1,217 basic materials companies (bottom 16%)
Earnings slid into a loss. Loss per share this year after a profit last year.
Worthington Steel made a loss per share in its latest year after a profit the year before.
Much more borrowing than peers.Debt is 2.2× equity vs a peer median of 0.4×.Debt is 2.2× equity vs peers 0.4×.
Debt is 2.2× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.2× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Operating margin at a 5-year low.-0.0% in FY May 2026, the weakest of the last 5 years.
Worthington Steel's operating margin fell to -0.0% in FY May 2026, its lowest in the 5 years of filings we have.
Borrowing rising faster than profit.Since FY May 2023 (an unusually weak year for operating profit): debt +1026%, operating profit −101%.Since FY May 2023: debt +1026%, operating profit −101%.
Worthington Steel's debt grew 1026% since FY May 2023 while operating profit changed −101%.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-2.9%
SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364
EBITDA yield2.4%
SEC filings · 12 months to Aug 2026Reported value50% base weight · Z-score -1.18Sector median: 0.0854 · MAD: 0.0520
Free cash flow yield2.3%
SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.13Sector median: 0.0261 · MAD: 0.0261
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Earnings per share turned from a profit to a loss33% base weight · Z-score -1.92Sector median: 0.0941 · MAD: 0.3300
3-year revenue growth-1.5%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to May 2026Reported value33% base weight · Z-score -0.21Sector median: -0.0005 · MAD: 0.0725
Revenue growth69.1%
SEC filings · 12 months to Aug 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.97Sector median: 0.0335 · MAD: 0.0952
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Worthington Steel
Is Worthington Steel getting weaker?
Its latest SEC filing (Oct 13, 2026) showed no major changes: debt up 768%. Its overall score is unchanged at 29/100 since Oct 28, 2026.
How is Worthington Steel valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 22/100 against 1,371 basic materials peers.Earnings yield -2.9% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -2.9% vs peers 3.6% (weaker than 100% of peers).
Is Worthington Steel growing?
Yes, faster than most of its peers. Growth scores 77/100 against 1,371 basic materials peers.Revenue growth 69.1% vs a peer median of 3.4% (stronger than 95% of peers).Revenue growth 69.1% vs peers 3.4% (stronger than 95% of peers).
How profitable is Worthington Steel?
Less profitable than most of its peers. Profitability scores 17/100 against 1,371 basic materials peers.Operating margin 0.1% vs a peer median of 7.6% (weaker than 81% of peers).Operating margin 0.1% vs peers 7.6% (weaker than 81% of peers).
How risky is Worthington Steel?
Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Beta 2.25 vs a peer median of 0.69 (weaker than 100% of peers).Beta 2.25 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Aug 31, 2026 · filed Oct 13, 2026 · compared with the quarter ended May 31, 2026
No major changes
Debt up 768%
Worth watching: Worthington Steel is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
3.4B USD
5.3B USD
+53.8%
Net income (12 months)
−13.0M USD
−59.8M USD
+360.0%
Operating margin
-0.0%
0.1%
+0.2 pts
Free cash flow (12 months)
80.0M USD
46.7M USD
−41.6%
Debt
256.8M USD
2.2B USD
+768.3%
Cash
84.6M USD
248.2M USD
+193.4%
Shares outstanding
50.9M
51.2M
+0.5%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Steel companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY May 2022
FY May 2023
FY May 2024
FY May 2025
FY May 2026
Change
Gross margin
9.7%
9.3%
12.8%
12.6%
11.7%
▼ 0.9 pts
Operating margin
5.6%
3.3%
5.7%
4.8%
-0.0%
▼ 4.8 pts
Net margin
4.4%
2.4%
4.5%
3.6%
0.2%
▼ 3.3 pts
Return on assets (ROA)
—
4.9%
8.3%
5.6%
0.4%
▼ 5.3 pts
Return on equity (ROE)
14.2%
8.5%
15.7%
10.3%
0.8%
▼ 9.5 pts
Free cash flow margin
0.1%
7.5%
2.8%
3.2%
2.3%
▼ 0.9 pts
Current ratio
—
2.05×
1.62×
1.66×
1.46×
▼ 12%
Quick ratio
—
1.18×
0.96×
0.99×
0.92×
▼ 7.2%
Debt to equity
—
0.02×
0.15×
0.28×
0.24×
▼ 14%
Interest coverage
75.53×
40.10×
32.42×
20.70×
-0.05×
▼ 100%
WS price history
Price history is added with the daily price update and will appear after the next one.