# Worthington Steel, Inc.: financial statements, quarterly

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)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/ws/financials.md?period=annual).

## Income statement

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | 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 | [808](/filings/0000950170-25-004864.md) | [806](/filings/0000950170-25-053275.md) | [911 d](/filings/0001968487-26-000026.md) | [834](/filings/0001193125-25-237107.md) | [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) |
| Cost of revenue | $m | [748](/filings/0000950170-25-004864.md) | [686](/filings/0000950170-25-053275.md) | [780 d](/filings/0001968487-26-000026.md) | [734](/filings/0001193125-25-237107.md) | [659](/filings/0001193125-26-007694.md) | [606](/filings/0001968487-26-000008.md) | [706 d](/filings/0001968487-26-000026.md) | [758](/filings/0001968487-26-000036.md) | [779](/filings/0001193125-26-007694.md) | [694](/filings/0001968487-26-000008.md) | [810 d](/filings/0001968487-26-000026.md) | [2,465](/filings/0001968487-26-000036.md) |
| Gross profit | $m | [60.2](/filings/0000950170-25-004864.md) | [120](/filings/0000950170-25-053275.md) | [131 d](/filings/0001968487-26-000026.md) | [100](/filings/0001193125-25-237107.md) | [80.0](/filings/0001193125-26-007694.md) | [81.2](/filings/0001968487-26-000008.md) | [127 d](/filings/0001968487-26-000026.md) | [115](/filings/0001968487-26-000036.md) | [93.2](/filings/0001193125-26-007694.md) | [76.1](/filings/0001968487-26-000008.md) | [119 d](/filings/0001968487-26-000026.md) | [261](/filings/0001968487-26-000036.md) |
| Selling, general and administrative | $m | [54.1](/filings/0000950170-25-004864.md) | [52.8](/filings/0000950170-25-053275.md) | [63.7 d](/filings/0001968487-26-000026.md) | [57.0](/filings/0001193125-25-237107.md) | [61.1](/filings/0001193125-26-007694.md) | [54.6](/filings/0001968487-26-000008.md) | [58.9 d](/filings/0001968487-26-000026.md) | [67.9](/filings/0001968487-26-000036.md) | [70.9](/filings/0001193125-26-007694.md) | [77.5](/filings/0001968487-26-000008.md) | [81.1 d](/filings/0001968487-26-000026.md) | [209](/filings/0001968487-26-000036.md) |
| Operating income | $m | [(8.8)](/filings/0000950170-25-004864.md) | [66.3](/filings/0000950170-25-053275.md) | [67.3 d](/filings/0001968487-26-000026.md) | [43.4](/filings/0001193125-25-237107.md) | [18.9](/filings/0001193125-26-007694.md) | [18.3](/filings/0001968487-26-000008.md) | [66.4 d](/filings/0001968487-26-000026.md) | [48.3](/filings/0001968487-26-000036.md) | [21.7](/filings/0001193125-26-007694.md) | [3.1](/filings/0001968487-26-000008.md) | [(74.5) d](/filings/0001968487-26-000026.md) | [56.0](/filings/0001968487-26-000036.md) |
| Interest expense | $m | [0.2](/filings/0000950170-25-004864.md) | [2.9](/filings/0000950170-25-053275.md) | [2.4 d](/filings/0000950170-25-099742.md) | [2.6](/filings/0001193125-25-237107.md) | [2.1](/filings/0001193125-26-007694.md) | [1.4](/filings/0001968487-26-000008.md) | [1.0 d](/filings/0000950170-25-099742.md) | [2.9](/filings/0001968487-26-000036.md) | [2.7](/filings/0001193125-26-007694.md) | [2.1](/filings/0001968487-26-000008.md) | [20.7 d](/filings/0001968487-26-000026.md) | [38.8](/filings/0001968487-26-000036.md) |
| Income tax | $m | [(2.5)](/filings/0000950170-25-004864.md) | [14.0](/filings/0000950170-25-053275.md) | [17.6 d](/filings/0001968487-26-000026.md) | [4.0](/filings/0001193125-25-237107.md) | [3.6](/filings/0001193125-26-007694.md) | [5.0](/filings/0001968487-26-000008.md) | [16.2 d](/filings/0001968487-26-000026.md) | [13.4](/filings/0001968487-26-000036.md) | [4.2](/filings/0001193125-26-007694.md) | [3.5](/filings/0001968487-26-000008.md) | [(1.1) d](/filings/0001968487-26-000026.md) | [12.1](/filings/0001968487-26-000036.md) |
| Net income | $m | [(6.0)](/filings/0000950170-25-004864.md) | [49.0](/filings/0000950170-25-053275.md) | [53.2 d](/filings/0001968487-26-000026.md) | [28.4](/filings/0001193125-25-237107.md) | [12.8](/filings/0001193125-26-007694.md) | [13.8](/filings/0001968487-26-000008.md) | [55.7 d](/filings/0001968487-26-000026.md) | [36.8](/filings/0001968487-26-000036.md) | [18.8](/filings/0001193125-26-007694.md) | [10.4](/filings/0001968487-26-000008.md) | [(57.5) d](/filings/0001968487-26-000026.md) | [(10.0)](/filings/0001968487-26-000036.md) |
| Diluted EPS | $ per share | [(0.12)](/filings/0000950170-25-004864.md) | [0.98](/filings/0000950170-25-053275.md) | not reported | [0.56](/filings/0001193125-25-237107.md) | [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) |
| Basic EPS | $ per share | [(0.12)](/filings/0000950170-25-004864.md) | [0.99](/filings/0000950170-25-053275.md) | not reported | [0.57](/filings/0001193125-25-237107.md) | [0.26](/filings/0001193125-26-007694.md) | [0.28](/filings/0001968487-26-000008.md) | not reported | [0.74](/filings/0001968487-26-000036.md) | [0.38](/filings/0001193125-26-007694.md) | [0.21](/filings/0001968487-26-000008.md) | not reported | [(0.20)](/filings/0001968487-26-000036.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfRevenue
- Gross profit: us-gaap:GrossProfit
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [214](/filings/0000950170-24-004719.md) | [60.8](/filings/0000950170-24-043883.md) | [40.2](/filings/0001968487-26-000026.md) | [36.0](/filings/0001193125-25-237107.md) | [52.0](/filings/0001193125-26-007694.md) | [63.3](/filings/0001968487-26-000008.md) | [38.0](/filings/0001968487-26-000026.md) | [78.3](/filings/0001193125-25-237107.md) | [89.8](/filings/0001193125-26-007694.md) | [90.0](/filings/0001968487-26-000008.md) | [84.6](/filings/0001968487-26-000036.md) | [248](/filings/0001968487-26-000036.md) |
| Current assets | $m | [1,087](/filings/0000950170-24-004719.md) | [1,023](/filings/0000950170-24-043883.md) | [1,002](/filings/0000950170-25-099742.md) | [956](/filings/0000950170-24-114688.md) | [857](/filings/0000950170-25-004864.md) | [913](/filings/0000950170-25-053275.md) | [1,049](/filings/0001968487-26-000026.md) | [1,149](/filings/0001193125-25-237107.md) | [1,050](/filings/0001193125-26-007694.md) | [1,107](/filings/0001968487-26-000008.md) | [1,130](/filings/0001968487-26-000036.md) | [3,827](/filings/0001968487-26-000036.md) |
| Total assets | $m | [1,897](/filings/0000950170-24-004719.md) | [1,849](/filings/0000950170-24-043883.md) | [1,866](/filings/0000950170-25-099742.md) | [1,829](/filings/0000950170-24-114688.md) | [1,739](/filings/0000950170-25-004864.md) | [1,800](/filings/0000950170-25-053275.md) | [1,962](/filings/0001968487-26-000026.md) | [2,243](/filings/0001193125-25-237107.md) | [2,150](/filings/0001193125-26-007694.md) | [2,316](/filings/0001968487-26-000008.md) | [2,252](/filings/0001968487-26-000036.md) | [6,022](/filings/0001968487-26-000036.md) |
| Current liabilities | $m | [595](/filings/0000950170-24-004719.md) | [645](/filings/0000950170-24-043883.md) | [618](/filings/0000950170-25-099742.md) | [558](/filings/0000950170-24-114688.md) | [468](/filings/0000950170-25-004864.md) | [521](/filings/0000950170-25-053275.md) | [632](/filings/0001968487-26-000026.md) | [694](/filings/0001193125-25-237107.md) | [585](/filings/0001193125-26-007694.md) | [746](/filings/0001968487-26-000008.md) | [776](/filings/0001968487-26-000036.md) | [2,109](/filings/0001968487-26-000036.md) |
| Total liabilities | $m | [726](/filings/0000950170-24-004719.md) | [779](/filings/0000950170-24-043883.md) | [749](/filings/0000950170-25-099742.md) | [686](/filings/0000950170-24-114688.md) | [594](/filings/0000950170-25-004864.md) | [657](/filings/0000950170-25-053275.md) | [764](/filings/0001968487-26-000026.md) | [912](/filings/0001193125-25-237107.md) | [803](/filings/0001193125-26-007694.md) | [958](/filings/0001968487-26-000008.md) | [990](/filings/0001968487-26-000036.md) | [4,322](/filings/0001968487-26-000036.md) |
| Long-term debt | $m | [0.0](/filings/0000950170-24-004719.md) | [0.0](/filings/0000950170-24-043883.md) | [0.0](/filings/0000950170-25-099742.md) | [0.0](/filings/0000950170-24-114688.md) | [0.0](/filings/0000950170-25-004864.md) | [2.2](/filings/0000950170-25-053275.md) | [2.3](/filings/0001968487-26-000026.md) | [43.1](/filings/0001193125-25-237107.md) | [41.7](/filings/0001193125-26-007694.md) | [31.6](/filings/0001968487-26-000008.md) | [44.4](/filings/0001968487-26-000036.md) | [1,655](/filings/0001968487-26-000036.md) |
| Current portion of debt | $m | [20.0](/filings/0000950170-24-004719.md) | [0.0](/filings/0000950170-24-043883.md) | [0.0](/filings/0000950170-25-053275.md) | [122](/filings/0000950170-24-114688.md) | [115](/filings/0000950170-25-004864.md) | [0.0](/filings/0000950170-25-053275.md) | [0.0](/filings/0001968487-26-000026.md) | [30.3](/filings/0001193125-25-237107.md) | [30.4](/filings/0001193125-26-007694.md) | [27.1](/filings/0001968487-26-000008.md) | [27.0](/filings/0001968487-26-000036.md) | [10.7](/filings/0001968487-26-000036.md) |
| Short-term borrowings | $m | [175](/filings/0000950170-24-004719.md) | [147](/filings/0000950170-24-043883.md) | [148](/filings/0000950170-25-099742.md) | [122](/filings/0000950170-24-114688.md) | [115](/filings/0000950170-25-004864.md) | [110](/filings/0000950170-25-053275.md) | [149](/filings/0001968487-26-000026.md) | [160](/filings/0001193125-25-237107.md) | [110](/filings/0001193125-26-007694.md) | [193](/filings/0001968487-26-000008.md) | [185](/filings/0001968487-26-000036.md) | [531](/filings/0001968487-26-000036.md) |
| Shareholders' equity | $m | [1,040](/filings/0000950170-24-004719.md) | [938](/filings/0000950170-24-043883.md) | [985](/filings/0000950170-25-099742.md) | [1,009](/filings/0000950170-24-114688.md) | [1,011](/filings/0000950170-25-004864.md) | [1,012](/filings/0000950170-25-053275.md) | [1,074](/filings/0001968487-26-000026.md) | [1,105](/filings/0001193125-25-237107.md) | [1,117](/filings/0001193125-26-007694.md) | [1,125](/filings/0001968487-26-000008.md) | [1,063](/filings/0001968487-26-000036.md) | [1,032](/filings/0001968487-26-000036.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent, us-gaap:DebtCurrent
- Short-term borrowings: us-gaap:ShortTermBorrowings
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | 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) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [140](/filings/0000950170-24-004719.md) | [44.7](/filings/0000950170-24-043883.md) | [35.6 d](/filings/0001968487-26-000026.md) | [54.6](/filings/0001193125-25-237107.md) | [68.0 d](/filings/0001193125-26-007694.md) | [53.8 d](/filings/0001968487-26-000008.md) | [53.9 d](/filings/0001968487-26-000026.md) | [(6.3)](/filings/0001193125-25-237107.md) | [99.3 d](/filings/0001193125-26-007694.md) | [63.3 d](/filings/0001968487-26-000008.md) | [44.9 d](/filings/0001968487-26-000026.md) | [(6.0)](/filings/0001968487-26-000036.md) |
| Capital expenditure | $m | [18.9](/filings/0000950170-24-004719.md) | [22.4](/filings/0000950170-24-043883.md) | [44.8 d](/filings/0001968487-26-000026.md) | [21.5](/filings/0001193125-25-237107.md) | [34.8 d](/filings/0001193125-26-007694.md) | [28.6 d](/filings/0001968487-26-000008.md) | [45.5 d](/filings/0001968487-26-000026.md) | [29.4](/filings/0001968487-26-000036.md) | [24.7 d](/filings/0001193125-26-007694.md) | [30.0 d](/filings/0001968487-26-000008.md) | [37.1 d](/filings/0001968487-26-000026.md) | [63.0](/filings/0001968487-26-000036.md) |
| Dividends paid | $m | [0.0 d](/filings/0000950170-25-004864.md) | [0.0 d](/filings/0000950170-25-053275.md) | [7.9 d](/filings/0001968487-26-000026.md) | [8.0](/filings/0001193125-25-237107.md) | [7.9 d](/filings/0001193125-26-007694.md) | [8.0 d](/filings/0001968487-26-000008.md) | [8.0 d](/filings/0001968487-26-000026.md) | [8.1](/filings/0001968487-26-000036.md) | [8.4 d](/filings/0001193125-26-007694.md) | [8.1 d](/filings/0001968487-26-000008.md) | [8.0 d](/filings/0001968487-26-000026.md) | [8.2](/filings/0001968487-26-000036.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities, us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock

## Shares

| Line item | Unit | period not labelled (2022-11-30) | period not labelled (2023-02-28) | period not labelled (2023-08-31) | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [49.3](/filings/0000950170-24-004719.md) | [49.3](/filings/0000950170-24-043883.md) | [49.3](/filings/0000950170-24-114688.md) | [49.3](/filings/0000950170-25-004864.md) | [50.3](/filings/0000950170-25-053275.md) | [50.4](/filings/0001193125-25-237107.md) | [50.6](/filings/0001193125-26-007694.md) | [50.5](/filings/0001968487-26-000008.md) | [50.6](/filings/0001968487-26-000036.md) | [50.7](/filings/0001193125-26-007694.md) | [50.9](/filings/0001968487-26-000008.md) | [50.0](/filings/0001968487-26-000036.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 51,217,234 at 2026-10-09, from the cover of the [10-Q filed 2026-10-13](/filings/0001968487-26-000036.md) (dei:EntityCommonStockSharesOutstanding).

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