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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›WS›Financials
Annual statements · SEC XBRL · FY2022 – FY2025

Worthington Steel, Inc. (WS) financials

Income statement

Worthington Steel, Inc. (WS) income statement, annual, from SEC filings
Fiscal yearFY2022FY2023FY2024FY2025
Revenue$4.07B$3.61B$3.43B$3.09B
Revenue growth—-11.3%-4.9%-9.8%
Gross profit$396M$337M$440M$389M
Gross margin9.7%9.3%12.8%12.6%
Operating income$227M$120M$195M$147M
Operating margin5.6%3.3%5.7%4.8%
Net income$180M$87.1M$155M$111M
Net margin4.4%2.4%4.5%3.6%
EPS (diluted)$3.66$1.77$3.11$2.19

Cash flow

Worthington Steel, Inc. (WS) cash flow, annual, from SEC filings
Fiscal yearFY2022FY2023FY2024FY2025
Operating cash flow$39.5M$315M$200M$230M
Capital expenditures$36.4M$45.5M$103M$130M
Free cash flow$3.10M$270M$96.1M$99.9M
Dividends paid$0.00$0.00$7.90M$31.9M

Balance sheet

Worthington Steel, Inc. (WS) balance sheet, annual, from SEC filings
Fiscal yearFY2022FY2023FY2024FY2025
Cash & equivalents$20.1M$32.7M$40.2M$38.0M
Total assets—$1.76B$1.87B$1.96B
Total liabilities—$610M$749M$764M
Long-term debt—$0.00$0.00$2.30M
Shareholders' equity$1.27B$1.03B$985M$1.07B
Retained earnings—$0.00$86.1M$164M
Shares (wtd avg diluted)49.3M49.3M49.8M50.5M

Every figure is extracted from Worthington Steel, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Worthington Steel, Inc.'s annual revenue?
Worthington Steel, Inc. (WS) reported $3.09B of revenue for fiscal year 2025 — down 9.8% from $3.43B in FY2024, per its annual report filed with the SEC.
Is Worthington Steel, Inc. profitable?
Yes — WS earned $111M of net income in FY2025, a 3.6% net margin, per SEC filings.
What is Worthington Steel, Inc.'s free cash flow?
$99.9M in FY2025 (operating cash flow $230M minus $130M of capital expenditures), from the SEC cash-flow statement.
Does WS pay a dividend?
Yes — Worthington Steel, Inc. paid $31.9M in cash dividends during FY2025, per its SEC cash-flow statement.
Full WS analysis — verdict, score & filings →Is WS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.