Worthington Steel, Inc.
WS · Price history
Price at last available close
$42.09
+$6.86 (+19.47%) 1M
2026-10-29
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Company & revenue
About Worthington Steel, Inc.
Primary reporting period: 2026-05-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Worthington Steel, Inc. functions as a specialized steel processing enterprise serving the North American market. The company supplies a variety of steel products, notably flat-rolled carbon steel, custom-welded blanks (both steel and aluminum varieties), and laminated electrical steel components. These materials are crucial for numerous industries, including automotive manufacturing, heavy truck production, agriculture, construction, and energy.
How they make money
Worthington Steel operates as a value-added metals processor that generates revenue by transforming carbon flat-roll steel into customized products. The company utilizes specialized processing capabilities such as galvanizing, pickling, configured blanking, and electrical lamination to meet specific customer requirements across various industrial end markets.
Products & services
Carbon flat-roll steel processing, electrical steel laminations, tailor welded solutions, galvanizing, pickling, configured blanking, and specialty cold reduction.
Brands & revenue mix
Brand associated with automotive lightweighting solutions.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
For fiscal 2026, the company's top three automotive customers represented 34.5% of net sales, indicating significant customer concentration.
Suppliers, materials & equipment
- Mill Partners — The company sources raw steel materials from various mill partners to perform its value-added processing services.Source
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-08-31.
Quarterly EPS turned negative at -0.20 versus 0.73 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Total debt increased 675.2% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
27
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
43
Weak
Financial Strength
35
Business Quality / Moat
26
Management
30
Growth Quality
93
Risk / Durability
62
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
28
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for WS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can WS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is WS's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is WS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for WS to reach sustainable profitability?
- •What future growth or profitability would be needed to justify WS's current valuation?
Essential Investment Snapshot
Wall Street Score
27
Opportunity Score
28
Market Cap
$2.16B
P/E Ratio
-73.7
EPS
$-0.58
52-Week High
$49.17
52-Week Low
$27.22
Beta
2.23
Analyst Target
$46.00
Shares Outstanding
49.8M
Total Revenue
$5.30B
Total Debt
$2.58B
Reported Dividend Yield
1.52%
Liquidation Value / Share
$34.14
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for WS
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Community Sentiment
0 active · 0 total callsNo personal call yet on WS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Worthington Business System.
- +Value-added processing capabilities.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Steel industry.
- −Customer and sector concentration.
- −Inventory shortages.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
24
Oct 7, 2026
Change
+2.6
points
Current Score
27
Oct 26, 2026
Category Changes
WS increased 2.6 points because Revenue improved by 21.3 points, Asset improved by 8.9 points, Buffett improved by 5.4 points.
Positive Contributors
- + Revenue improved by 21.3 points
- + Asset improved by 8.9 points
- + Buffett improved by 5.4 points
Negative Contributors
- − Capital declined by 4 points
Projected Score
Projected Score
26
Projected Change
-0.6 points
Preliminary comparable-period financial changes suggest decline of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$42.09
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.30B | $3.44B | $3.09B | $3.43B | ···· | ···· | ···· |
| Cost of Revenue | $4.75B | $3.04B | $2.70B | $2.99B | ···· | ···· | ···· |
| Gross Profit | $548.6M | $402.6M | $388.6M | $439.8M | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· |
| SG&A Expenses | $438.4M | $297.5M | $231.6M | $224.4M | ···· | ···· | ···· |
| Operating Expenses | $434.8M | $297.5M | $241.6M | $245.3M | ···· | ···· | ···· |
| EBITDA | $224.8M | $189.9M | $221.2M | $287.5M | ···· | ···· | ···· |
| Operating Income | $113.8M | $105.1M | $147.0M | $194.5M | ···· | ···· | ···· |
| Interest Expense | $62.8M | $26.9M | $7.1M | $6.0M | ···· | ···· | ···· |
| Income Before Tax | -$14.5M | $25.5M | $148.1M | $216.2M | ···· | ···· | ···· |
| Income Tax Expense | $21.3M | $22.6M | $28.8M | $46.1M | ···· | ···· | ···· |
| Net Income | -$29.5M | $17.3M | $110.7M | $154.7M | ···· | ···· | ···· |
| Basic EPS | $-0.58 | $0.35 | $2.24 | $3.14 | ···· | ···· | ···· |
| Basic Shares | 50.00M | 49.80M | 49.50M | 49.30M | ···· | ···· | ···· |
| Diluted Shares | 50.00M | 49.80M | 49.50M | 49.80M | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.73B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.20
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+675.2%
Cash Change
+217.0%
Margin Change
-4.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 212.4%. EPS declined 127.4%. Cash increased 217.0%. Total debt increased 675.2%. Net income margin declined by 4.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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A Look at Worthington Steel Inc (WS) After 4.1% Gain -- GF Value $50.71 vs Price $36.05
Rumor Mill · WS
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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