Worthington Steel, Inc.

WS · Small cap · Calculated market cap · $1.8B · as of 2026-09-30

Company Stats

Market Cap: $1.8B; as of Sep 30, 2026
Enterprise Value: $2.0B
Shares Outstanding: 50.9M
Free Float: 99.0%

Income Statement

Revenue: $3.4B
Operating Income: -$1.4M
Net Income: $8.5M
EBITDA: $71.7M
Non-cash Impairment: $114.3M
Revenue Growth, 3Y: -1.5%
FCF Margin, 3Y Avg: 2.8%
FCF Margin, Worst Year: 2.3%

Cash Flow

Free Cash Flow: $80.0M
FCF Yield: 4.5%
Owner FCF Yield: 3.7%

Balance Sheet

Cash & Equivalents: $84.6M
Total Debt: $256.8M
Net Debt: $172.2M
Net Debt / EBITDA: 2.40x
EV / EBITDA: 27.44x

Returns & Capital

Dividends Paid: $32.6M
Dividend Yield: 1.8%
Dividend Payout, 3Y Avg: 139.2%
SBC, 3Y Avg: $11.7M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2026	$3.4B	$80.0M	2.3%
FY2025	$3.1B	$99.9M	3.2%
FY2024	$3.4B	$96.1M	2.8%
FY2023	$3.6B	$269.5M	7.5%
FY2022	$4.1B	$3.1M	0.1%

Annual filing data through FY ended May 31, 2026; shares and float as of October 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Oct 7, 2026Worthington Steel Posts First Results With Kloeckner Jul 16, 2026Worthington Steel Swings to Loss on Impairments as Kloeckner Deal Closes

Other Coverage

October 26, 2026 Deals

Worthington Steel Signs Kloeckner Domination Pact October 10, 2026 Weekly Earnings

Delta and PepsiCo lower earnings outlooks as revenue rises September 9, 2026 Deals

Worthington Steel to Close Kloeckner Deal by January 2027 July 16, 2026 Deals

Worthington Steel to Buy Kloeckner & Co in All-Cash Delisting Deal June 25, 2026 Earnings Digest

BlackBerry Hits Cash Flow Milestone; M&A Hits Life Sciences, AI June 2, 2026 Deals

Worthington Steel to Buy Kloeckner in $2.4 Billion All-Cash Deal

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