Worthington Steel, Inc. (WS) — Financial statements
Income statement, balance sheet, and cash flow for Worthington Steel, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,444↑11.3% | 3,093↓9.8% | 3,431↓4.9% | 3,608↓11.3% | 4,069 | |
| Cost of Revenue | 3,041↑12.4% | 2,705↓9.6% | 2,991↓8.6% | 3,271↓10.9% | 3,673 | |
| Gross Profit | 403↑3.6% | 389↓11.6% | 440↑30.7% | 337↓14.9% | 396 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 224↑12.0% | 200 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 0.80↓33.3% | 1 | 0.00 | |
| SG&A Expenses | 298↑28.5% | 232↑3.2% | 224↑11.8% | 201↑11.4% | 180 | |
| Other Expenses | 0.00↓100.0% | 10↓52.2% | 21↑35.7% | 15↑235.1% | -11 | |
| Operating Expenses | 298↑23.1% | 242↓1.5% | 245↑13.5% | 216↑28.0% | 169 | |
| Total Costs & Expenses | 3,339↑13.3% | 2,946↓9.0% | 3,236↓7.2% | 3,487↓9.2% | 3,842 | |
| Operating Results | ||||||
| Operating Income | 105↓28.5% | 147↓24.4% | 195↑61.7% | 120↓46.9% | 227 | |
| Depreciation & Amortization | 85↑28.5% | 66↑1.1% | 65↓6.2% | 70↑17.0% | 60 | |
| EBITDA | 190↓14.2% | 221↓23.1% | 288↑42.8% | 201↓36.5% | 317 | |
| EBIT | 105↓32.3% | 155↓30.2% | 222↑68.7% | 132↓48.8% | 257 | |
| Interest & Other Income | ||||||
| Net Interest Income | -27↓278.9% | -7↓18.3% | -6↓100.0% | -3↑0.0% | -3 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 27↑278.9% | 7↑18.3% | 6↑100.0% | 3↑0.0% | 3 | |
| Non-Operating Income | 0.00↑100.0% | -8↑70.4% | -28↓143.0% | -11↑62.9% | -31 | |
| Other Income / Expenses | -80↓7336.4% | 1↓94.9% | 22↑158.3% | 8↓69.7% | 28 | |
| Income Before Tax | 26↓82.8% | 148↓31.5% | 216↑68.0% | 129↓49.4% | 254 | |
| Income Tax Expense | 23↓21.5% | 29↓37.5% | 46↑59.0% | 29↓46.3% | 54 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3↓97.6% | 119↓29.9% | 170↑70.6% | 100↓50.2% | 200 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17↓84.4% | 111↓28.4% | 155↑77.6% | 87↓51.7% | 180 | |
| Bottom-Line Net Income | 17↓84.4% | 111↓28.4% | 155↑77.6% | 87↓51.7% | 180 | |
| EPS (Basic) | 0.35↓84.4% | 2.24↓28.7% | 3.14↑77.4% | 1.77↓51.6% | 3.66 | |
| EPS (Diluted) | 0.35↓84.0% | 2.19↓29.6% | 3.11↑75.7% | 1.77↓51.6% | 3.66 | |
| Weighted Average Shares | 50↑0.6% | 50↑0.4% | 49↓1.4% | 50↑0.0% | 50 | |
| Weighted Average Diluted Shares | 50↑0.6% | 50↓0.6% | 50↓0.5% | 50↑0.0% | 50 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.