Worthington Steel, Inc. (WS)

Worthington Steel Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Revenue	3,132	3,093	3,431	3,608	4,069	2,127
Revenue Growth (YoY)	-6.75%	-9.83%	-4.91%	-11.34%	91.26%	-
Cost of Revenue	2,729	2,705	2,991	3,271	3,673	1,757
Gross Profit	403.4	388.6	439.8	336.5	395.5	370.84
Selling, General & Admin	239.8	228.9	224.4	200.8	180.3	147.44
Operating Expenses	239.8	228.9	224.4	200.8	180.3	147.44
Operating Income	163.6	159.7	215.4	135.7	215.2	223.41
Interest Expense	-7.4	-7.1	-6	-3	-3	-
Interest & Investment Income	-	-	-	-	-	0.01
Earnings From Equity Investments	9.5	4.4	22.4	7.7	29.8	15.97
Currency Exchange Gain (Loss)	2.4	2.4	0.9	-	-	-
Other Non Operating Income (Expenses)	3.3	-2.8	4.4	3.7	0.9	-0.35
EBT Excluding Unusual Items	171.4	156.6	237.1	144.1	242.9	239.04
Merger & Restructuring Charges	-1.6	-2.6	-19.5	-13.3	14.5	-1.88
Gain (Loss) on Sale of Assets	1.5	1.5	-	-	-	-
Asset Writedown	-7.4	-7.4	-1.4	-2.1	-3.1	-
Pretax Income	163.4	148.1	216.2	128.7	254.3	237.15
Income Tax Expense	38.2	28.8	46.1	29	54	48.48
Earnings From Continuing Operations	125.2	119.3	170.1	99.7	200.3	188.67
Minority Interest in Earnings	-6.6	-8.6	-15.4	-12.6	-19.9	-17.66
Net Income	118.6	110.7	154.7	87.1	180.4	171.01
Net Income to Common	118.6	110.7	154.7	87.1	180.4	171.01
Net Income Growth	-4.81%	-28.44%	77.61%	-51.72%	5.49%	-
Shares Outstanding (Basic)	50	50	49	49	49	-
Shares Outstanding (Diluted)	51	51	50	49	49	-
Shares Change (YoY)	0.95%	1.41%	1.01%	-	-	-
EPS (Basic)	2.39	2.24	3.14	1.77	3.66	-
EPS (Diluted)	2.35	2.19	3.11	1.77	3.66	-
EPS Growth	-5.42%	-29.58%	76.03%	-51.72%	-	-
Free Cash Flow	32.4	99.9	96.1	269.5	3.1	123.75
Free Cash Flow Per Share	0.64	1.98	1.93	5.47	0.06	-
Dividend Per Share	0.640	0.640	0.320	-	-	-
Dividend Growth	33.33%	100.00%	-	-	-	-
Gross Margin	12.88%	12.56%	12.82%	9.33%	9.72%	17.43%
Operating Margin	5.22%	5.16%	6.28%	3.76%	5.29%	10.50%
Profit Margin	3.79%	3.58%	4.51%	2.41%	4.43%	8.04%
Free Cash Flow Margin	1.03%	3.23%	2.80%	7.47%	0.08%	5.82%
EBITDA	233.7	225.7	280.7	205.3	274.7	268.36
EBITDA Margin	7.46%	7.30%	8.18%	5.69%	6.75%	12.61%
D&A For EBITDA	70.1	66	65.3	69.6	59.5	44.95
EBIT	163.6	159.7	215.4	135.7	215.2	223.41
EBIT Margin	5.22%	5.16%	6.28%	3.76%	5.29%	10.50%
Effective Tax Rate	23.38%	19.45%	21.32%	22.53%	21.23%	20.44%
Advertising Expenses	-	1	0.8	1.2	-	-

Updated Sep 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q