# Worthington Steel, Inc. (WS)

> Source: Nexqual · https://nexqual.com/WS · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Worthington Steel, Inc. (WS), nexqual.com/WS" · informational, not investment advice.

**Price:** USD 39.3 (+1.42% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 38.75 · day 38.32–40.18 · 52w 27.22–49.17 · market cap $1.97B · NYQ

## Key facts
- Last four reported quarters (through Aug 31, 2026): revenue $5.30B, net income -$38.3M (-0.7% margin), free cash flow $46.7M (SEC filings).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 46 (range 46–46).
- Total return with dividends: 1Y +33.1% vs S&P 500 +18.1%; 5Y +86.9% vs S&P 500 +85.1%.
- Next earnings: 2026-12-16, EPS estimate USD 0.84, revenue estimate $2.82B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2024 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.07B | $3.61B | $3.43B | $3.09B | $3.44B | $5.30B |
| Gross profit | $396M | $337M | $440M | $389M | $403M | — |
| Operating income | $227M | $120M | $195M | $147M | -$1.4M | $6.3M |
| Net income | $180M | $87.1M | $155M | $111M | $8.5M | -$38.3M |
| EPS (diluted) | $3.66 | $1.77 | $3.11 | $2.19 | $0.17 | — |
| Free cash flow | $3.1M | $270M | $96.1M | $99.9M | $80.0M | $46.7M |
| Gross margin | 9.7% | 9.3% | 12.8% | 12.6% | 11.7% | — |
| Operating margin | 5.6% | 3.3% | 5.7% | 4.8% | 0.0% | 0.1% |
| Net margin | 4.4% | 2.4% | 4.5% | 3.6% | 0.2% | -0.7% |
| Revenue growth | — | -11.3% | -4.9% | -9.8% | +11.3% | — |
| Cash + short-term investments | $20.1M | $32.7M | $40.2M | $38.0M | $84.6M | — |
| Total debt | — | $20.0M | $0K | $2.3M | $71.4M | — |
Fiscal years end May. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 31, 2026)
P/S 0.4x · EV/EBITDA 34.5x · EV/Sales 0.6x · P/FCF 42.1x · P/B 1.9x · FCF yield 2.37% · Earnings yield -1.95% · Dividend yield (paid, TTM) 1.66% · Net debt $1.42B · EV $3.39B
P/E at fiscal year-ends: May 2026 252.1x, May 2025 11.4x, May 2024 10.6x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 46 (low 46, high 46).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2023-11-27) |
|---|---|---|
| Total return | +33.1% | +86.9% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +33.2% | +24.2% |
| Volatility (annualized) | 46.8% | 49.6% |
| Max drawdown | -42.0% (Feb 2026→Mar 2026) | -50.0% (Nov 2024→Mar 2025) |

## Peers (Steel)
SID (Companhia Siderurgica Nacional ) USD 1.15 -7.26% · NWPX (NWPX Infrastructure, Inc.) USD 98.15 -1.29% · SIM (Grupo Simec, S.A.B. de C.V.) USD 27.95 +1.67% · MTUS (Metallus Inc.) USD 20.42 -0.68% · CLF (Cleveland-Cliffs Inc.) USD 12.15 -5.52% · ASTL (Algoma Steel Group Inc.) USD 4.1 -4.43%

## More
Full page: https://nexqual.com/WS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt