5 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 4.1% per year over the past 4 years.
Operating margin has contracted, at -0.0% in the latest year.
Free cash flow has grown 125.4% per year over the past 4 years.
Financial health
Total debt ($257M) exceeds cash ($85M); net debt is $172M.
Total debt has grown faster than revenue (124.2% vs -4.1% per year).
Operating income covered interest expense -0.0× in the latest year.
Total debt is 3.1× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 40.8% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$3.4B
-$13M
11.7%
-0.0%
-1.2%
-0.6%
$80M
$257M
$85M
2025
$3.1B
$119M
12.6%
4.8%
11.1%
6.1%
$100M
$152M
$38M
2024
$3.4B
$170M
12.8%
5.7%
17.3%
9.1%
$96M
$148M
$40M
2023
$3.6B
$87M
9.3%
3.3%
8.5%
4.9%
$270M
$23M
$33M
2022
$4.1B
$180M
9.7%
5.6%
—
—
$3M
—
$20M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$2.7B
-$10M
9.6%
2.1%
-1.0%
-0.2%
-$69M
$2.2B
$248M
May '26
$929M
-$58M
12.8%
-8.0%
-5.4%
-2.6%
—
$257M
$85M
Feb '26
$770M
$10M
9.9%
0.4%
0.9%
0.4%
—
$251M
$90M
Nov '25
$872M
$19M
10.7%
2.5%
1.7%
0.9%
—
$182M
$90M
Aug '25
$873M
$37M
13.2%
5.5%
3.3%
1.6%
-$36M
$233M
$78M
May '25
$833M
$56M
15.2%
8.0%
5.2%
2.8%
—
$152M
$38M
Feb '25
$687M
$14M
11.8%
2.7%
1.4%
0.8%
—
$112M
$63M
Nov '24
$739M
$13M
10.8%
2.6%
1.3%
0.7%
—
$230M
$52M
Aug '24
$834M
$28M
12.0%
5.2%
2.8%
1.6%
—
$244M
$36M
May '24
$911M
$53M
14.4%
7.4%
5.4%
2.9%
—
$148M
$40M
Feb '24
$806M
$49M
14.9%
8.2%
5.2%
2.7%
—
$147M
$61M
Nov '23
$808M
-$6M
7.5%
-1.1%
-0.6%
-0.3%
—
$195M
$214M
Aug '23
$906M
$59M
14.2%
7.7%
—
—
—
—
—
May '23
$884M
$67M
17.0%
10.2%
6.5%
3.8%
—
$23M
$33M
Feb '23
$781M
$5M
8.1%
1.2%
—
—
—
—
—
Nov '22
$868M
-$16M
4.0%
-2.3%
—
—
—
—
—
Valuation over time
How the market has priced WS against its own fundamentals since 2023-12 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.5× (Dec '23) to 18.2× (May '26).
The price-to-sales ratio has risen from 0.4× (Dec '23) to 0.6× (Nov '26).
The dividend yield has risen from 0.5% (May '24) to 1.6% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WS growing its revenue and profit?
Over the past 4 years, Worthington Steel, Inc.'s revenue has declined 4.1% per year. These are computed facts, not advice.
How much debt does WS have?
As of FY2026, Worthington Steel, Inc. reported $257M of total debt against $85M of cash; operating income covered interest expense -0.0×.
What is WS's profit margin?
In FY2026, gross margin was 11.7%, operating margin -0.0%, and net margin -0.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.