10x Insights
Loading account…
Companies / Materials / Worthington Steel, Inc.
WS

Worthington Steel, Inc.

MaterialsPrimary Metals
Ticker WSCOLUMBUS, OHFiscal year ends MayBook value per share $20.65Diluted shares 50.0M

Worthington Steel (NYSE: WS) is a metals processor that buys carbon flat-rolled steel and processes it to customer specifications, and makes electrical steel laminations and tailor welded steel and aluminum products. Its services include pickling, re-rolling, galvanizing, blanking, slitting, cutting-to-length, laser… From the company’s description.

Over the twelve months to Aug 31, 2026, Worthington Steel, Inc. reported revenue of $5.30B, up 69.1% from a year earlier, and a net loss of $56.50M. Its operating margin was 0.1%, and operations generated $201.50M in cash. In fiscal 2025, it reported revenue of $3.44B, up 11.3% from fiscal 2024, and a net loss of $12.90M.

Fiscal year 2025 · ends 05-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-08-31
Sales & profitability
$3.44BFY2025
+11.3% year over year
Last 12 mo $5.30B
-0.04%FY2025
−4.8 percentage points
Last 12 mo 0.12%
$-12.90MFY2025
−110.8% year over year
Last 12 mo $-56.50M
0.80%FY2025
−10.1 percentage points
Last 12 mo -3.71%
Cash & financing
$201.20MFY2025
−12.6% year over year
Last 12 mo $201.50M
$80.00MFY2025
−19.9% year over year
Last 12 mo $46.70M
0.25FY2025
Was 0.14× a year earlier
Last 12 mo 2.15
50.8MFY2025
+0.6% year over year
Last 12 mo 50.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Worthington Steel, Inc. does

In the company’s own words

Worthington Steel (NYSE: WS) is a metals processor that buys carbon flat-rolled steel and processes it to customer specifications, and makes electrical steel laminations and tailor welded steel and aluminum products. Its services include pickling, re-rolling, galvanizing, blanking, slitting, cutting-to-length, laser welding and toll processing for steel mills, end users and service centers. Customers operate in automotive, construction, machinery and equipment, agriculture, heavy trucks and other markets; automotive is its largest end market. Worthington Steel manages its operations as one reportable segment and also participates in four consolidated operating joint ventures and one unconsolidated joint venture. Its products include precision laminations for automotive, motor, generator and transformer applications, and welded blanks used primarily by automotive customers. The company had approximately 5,400 employees and 34 manufacturing facilities at May 31, 2026, and served approximately 1,500 customers during fiscal 2026. It became a standalone public company in 2023 after Worthington Enterprises separated its steel processing business, and acquired a controlling stake in German steel distributor and processor Klöckner & Co in June 2026. Its website is https://www.worthingtonsteel.com.

Company details
Sector
Materials
Industry (SIC)
Primary Metals
Headquarters
COLUMBUS, OH
Fiscal year end
May
CIK
1968487
SIC
3310

Financial performance, year by year

Fiscal 2023–2025 · USD
$-591.90M$1.01B$2.62B$4.23B$5.83B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Worthington Steel, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

253
funds hold it
0 of 35
superinvestors hold it
$590.51M
held by funds, at market
32.2%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Worthington Steel, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
0.60%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Worthington Steel, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Worthington Steel, Inc.’s debt, $28.69M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.75%, maturing 2033 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Worthington Steel, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Worthington Steel, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Worthington Steel, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.