Worthington Steel, Inc. (WS)

Worthington Steel Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Net Income	8.5	110.7	154.7	87.1	180.4
Depreciation & Amortization	84.2	66	65.3	69.6	59.5
Loss (Gain) From Sale of Assets	-4.7	-0.7	1	-3.3	-15.1
Asset Writedown & Restructuring Costs	114.3	7.4	1.4	2.1	3.1
Loss (Gain) From Sale of Investments	-16	-	-	-	-
Loss (Gain) on Equity Investments	3.2	8.4	-20.4	4.8	-27.3
Stock-Based Compensation	13.9	11	10.3	10.4	8.7
Provision & Write-off of Bad Debts	0.8	1.8	1.1	1.6	0.7
Other Operating Activities	-31.8	5.5	16.5	2.9	33.5
Change in Accounts Receivable	-16.3	34.1	-1.4	113	-109.7
Change in Inventory	47.2	-16.7	16.4	154.5	-50.7
Change in Accounts Payable	-17.4	15.8	-26.7	-124.3	-14.9
Change in Other Net Operating Assets	15.3	-13	-18.7	-3.4	-28.7
Operating Cash Flow	201.2	230.3	199.5	315	39.5
Operating Cash Flow Growth	-12.64%	15.44%	-36.67%	697.47%	-74.11%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Capital Expenditures	-121.2	-130.4	-103.4	-45.5	-36.4
Sale of Property, Plant & Equipment	16.6	1.3	1.2	23.3	24.6
Cash Acquisitions	-2.9	-	-21	-	-383.5
Investment in Securities	-106.2	-	-	-	-
Other Investing Activities	0.3	-	-	-	-
Investing Cash Flow	-213.4	-129.1	-123.2	-22.2	-395.3

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Short-Term Debt Issued	1,647	523.7	393.3	-	41.7
Long-Term Debt Issued	38.1	2.3	-	-	50
Total Debt Issued	1,685	526	393.3	-	91.7
Short-Term Debt Repaid	-1,611	-522.5	-248.1	-45.2	-
Long-Term Debt Repaid	-22.4	-	-	-15	-15
Total Debt Repaid	-1,633	-522.5	-248.1	-60.2	-15
Net Debt Issued (Repaid)	51.9	3.5	145.2	-60.2	76.7
Issuance of Common Stock	-	-	0.3	-	-
Repurchase of Common Stock	-5.9	-3.1	-	-	-
Common Dividends Paid	-32.6	-31.9	-7.9	-	-
Other Financing Activities	-10.4	-17	-206.4	-220	281.7
Financing Cash Flow	3	-48.5	-68.8	-280.2	358.4

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Foreign Exchange Rate Adjustments	0.9	-	-	-	-
Net Cash Flow	-8.3	52.7	7.5	12.6	2.6

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Free Cash Flow	80	99.9	96.1	269.5	3.1
Free Cash Flow Growth	-19.92%	3.95%	-64.34%	8593.55%	-97.50%
Free Cash Flow Margin	2.32%	3.23%	2.80%	7.47%	0.08%
Free Cash Flow Per Share	1.57	1.98	1.93	5.47	0.06
Levered Free Cash Flow	90.73	3.19	102.78	276.68	-73.83
Unlevered Free Cash Flow	108.48	7.63	106.53	278.55	-71.95

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Cash Interest Paid	11.6	7.7	4.5	-	-
Cash Income Tax Paid	-	26.2	37.6	-	-
Change in Working Capital	28.8	20.2	-30.4	139.8	-204

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

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