# Worthington Steel, Inc.: overview

WS · NYSE · CIK 1968487 · [Materials](/sectors/materials.md) · fiscal year ends May 31

Pages: [Overview](/companies/ws.md) · [Financials](/companies/ws/financials.md) · [Filings](/companies/ws/filings.md) · [Insiders](/companies/ws/insiders.md)

Latest reported revenue: [$2.73bn](/filings/0001968487-26-000036.md) for Q1 FY2027, three months to 2026-08-31, from the 10-Q filed Oct 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001968487-26-000036).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q4 FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q4 FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [739](/filings/0001193125-26-007694.md) | [687](/filings/0001968487-26-000008.md) | [833 d](/filings/0001968487-26-000026.md) | [873](/filings/0001968487-26-000036.md) | [872](/filings/0001193125-26-007694.md) | [770](/filings/0001968487-26-000008.md) | [929 d](/filings/0001968487-26-000026.md) | [2,727](/filings/0001968487-26-000036.md) |
| Gross margin | % | [10.8%](/filings/0001193125-26-007694.md) | [11.8%](/filings/0001968487-26-000008.md) | [15.2% d](/filings/0001968487-26-000026.md) | [13.2%](/filings/0001968487-26-000036.md) | [10.7%](/filings/0001193125-26-007694.md) | [9.9%](/filings/0001968487-26-000008.md) | [12.8% d](/filings/0001968487-26-000026.md) | [9.6%](/filings/0001968487-26-000036.md) |
| Operating margin | % | [2.6%](/filings/0001193125-26-007694.md) | [2.7%](/filings/0001968487-26-000008.md) | [8.0% d](/filings/0001968487-26-000026.md) | [5.5%](/filings/0001968487-26-000036.md) | [2.5%](/filings/0001193125-26-007694.md) | [0.4%](/filings/0001968487-26-000008.md) | [(8.0%) d](/filings/0001968487-26-000026.md) | [2.1%](/filings/0001968487-26-000036.md) |
| Net margin | % | [1.7%](/filings/0001193125-26-007694.md) | [2.0%](/filings/0001968487-26-000008.md) | [6.7% d](/filings/0001968487-26-000026.md) | [4.2%](/filings/0001968487-26-000036.md) | [2.2%](/filings/0001193125-26-007694.md) | [1.4%](/filings/0001968487-26-000008.md) | [(6.2%) d](/filings/0001968487-26-000026.md) | [(0.4%)](/filings/0001968487-26-000036.md) |
| Diluted EPS | $ per share | [0.25](/filings/0001193125-26-007694.md) | [0.27](/filings/0001968487-26-000008.md) | not reported | [0.73](/filings/0001968487-26-000036.md) | [0.37](/filings/0001193125-26-007694.md) | [0.20](/filings/0001968487-26-000008.md) | not reported | [(0.20)](/filings/0001968487-26-000036.md) |
| Free cash flow | $m | [33.2 d](/filings/0001193125-26-007694.md) | [25.2 d](/filings/0001968487-26-000008.md) | [8.4 d](/filings/0001968487-26-000026.md) | [(35.7)](/filings/0001193125-25-237107.md) | [74.6 d](/filings/0001193125-26-007694.md) | [33.3 d](/filings/0001968487-26-000008.md) | [7.8 d](/filings/0001968487-26-000026.md) | [(69.0)](/filings/0001968487-26-000036.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-05-31) | FY (2023-05-31) | FY2024 (2024-05-31) | FY2025 (2025-05-31) | FY2026 (2026-05-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,069](/filings/0000950170-24-090031.md) | [3,608](/filings/0000950170-25-099742.md) | [3,431](/filings/0001968487-26-000026.md) | [3,093](/filings/0001968487-26-000026.md) | [3,444](/filings/0001968487-26-000026.md) |
| Gross margin | % | [9.7%](/filings/0000950170-24-090031.md) | [9.3%](/filings/0000950170-25-099742.md) | [12.8%](/filings/0001968487-26-000026.md) | [12.6%](/filings/0001968487-26-000026.md) | [11.7%](/filings/0001968487-26-000026.md) |
| Operating margin | % | [5.6%](/filings/0000950170-24-090031.md) | [3.3%](/filings/0000950170-25-099742.md) | [5.7%](/filings/0001968487-26-000026.md) | [4.8%](/filings/0001968487-26-000026.md) | [(0.0%)](/filings/0001968487-26-000026.md) |
| Net margin | % | [4.4%](/filings/0000950170-24-090031.md) | [2.4%](/filings/0000950170-25-099742.md) | [4.5%](/filings/0001968487-26-000026.md) | [3.6%](/filings/0001968487-26-000026.md) | [0.2%](/filings/0001968487-26-000026.md) |
| Diluted EPS | $ per share | [3.66](/filings/0000950170-24-090031.md) | [1.77](/filings/0000950170-25-099742.md) | [3.11](/filings/0001968487-26-000026.md) | [2.19](/filings/0001968487-26-000026.md) | [0.17](/filings/0001968487-26-000026.md) |
| Free cash flow | $m | [3.1](/filings/0000950170-24-090031.md) | [270](/filings/0000950170-25-099742.md) | [96.1](/filings/0001968487-26-000026.md) | [99.9](/filings/0001968487-26-000026.md) | [80.0](/filings/0001968487-26-000026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ws/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $171.5m | 5,107,237 |  | Added +2,608 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $86.2m | 2,566,114 |  | Added +45,796 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $76.6m | 2,280,211 |  | Added +3,935 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $69.8m | 2,078,892 |  | Reduced −185,464 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $55.4m | 1,650,805 |  | Added +27,353 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $29.9m | 890,497 |  | Added +52,607 |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $28.6m | 943,738 |  | Reduced −12,503 |
| [Fisher Asset Management, LLC](/funds/850529.md) | 2026-06-30 | $21.5m | 640,136 |  | Added +384,200 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $20.8m | 619,598 |  | Reduced −119,459 |
| [TEACHER RETIREMENT SYSTEM OF TEXAS](/funds/796848.md) | 2026-06-30 | $19.8m | 589,218 |  | Added +24,421 |

## Recent filings

[All 248 filings](/companies/ws/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 11:55 ET | [8-K](/filings/0001193125-26-429847.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-429847 |
| 2026-10-21 | 11:21 ET | [8-K](/filings/0001193125-26-427201.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-427201 |
| 2026-10-13 | 20:23 ET | [10-Q](/filings/0001968487-26-000036.md) | Quarterly report, period 2026-08-31 | 0001968487-26-000036 |
| 2026-10-07 | 10:30 ET | [8-K](/filings/0001968487-26-000032.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001968487-26-000032 |
| 2026-09-24 | 20:30 ET | [8-K](/filings/0001968487-26-000029.md) | 5.07 Shareholder vote results | 0001968487-26-000029 |
| 2026-09-08 | 21:20 ET | [8-K](/filings/0001193125-26-385371.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-385371 |
| 2026-08-19 | 20:25 ET | [8-K/A](/filings/0001193125-26-356964.md) | 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001193125-26-356964 |
| 2026-08-14 | 20:11 ET | [DEF 14A](/filings/0001193125-26-352256.md) | Proxy statement, period 2026-09-23 | 0001193125-26-352256 |
| 2026-07-30 | 20:15 ET | [10-K](/filings/0001968487-26-000026.md) | Annual report, period 2026-05-31 | 0001968487-26-000026 |
| 2026-07-15 | 11:24 ET | [8-K](/filings/0001193125-26-304049.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-304049 |

## Latest annual report

[Form 10-K for the fiscal year ended May 31, 2026](/filings/0001968487-26-000026.md), filed Jul 30, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1968487
- Tickers: WS
- Exchange: NYSE
- SIC code: 3310 Steel Works, Blast Furnaces & Rolling & Finishing Mills
- State of incorporation: OH
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.