WS on NYSE

Worthington Steel, Inc.

American steel works, incorporated in Ohio, listed on NYSE (WS). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$3.4BRevenue, fiscal 20262
$8.5MNet income, fiscal 20262

Compare with Worthington Industries, Gibraltar Industries or INSTEEL INDUSTRIES INC, or pick any stock.

  • TickerWS on NYSE1
  • IndustrySteel Works, Blast Furnaces & Rolling & Finishing Mills1
  • HeadquartersColumbus, Ohio1
  • Incorporated inOH3
  • Business address100 W. Old Wilson Bridge Road, Columbus, Oh 430853
  • Filer categoryLarge accelerated filer3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

11.7%Gross margin2
-0.0%Operating margin2
0.2%Net margin2
11.3%Revenue growth, 20262
0.8%Return on equity2
0.04×Debt to equity2
$80.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 74% of the revenue Worthington Steel, Inc. broke down this way in fiscal 2026.

  1. United States$2.6B274%up 5% from 2025
  2. Canada$392.1M211%up 19% from 2025
  3. Rest Of World$282.9M28%up 139% from 2025
  4. Mexico$208.0M26%up 0% from 2025
Regions by year
Regions202420252026
United States$2.8B$2.4B$2.6B
Canada$392.6M$330.8M$392.1M
Rest Of World$104.7M$118.5M$282.9M
Mexico$181.3M$207.7M$208.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue88¢$3.0B
  • Selling, general and admin9¢$297.4M
  • Other costs2¢$77.4M
  • Income tax1¢$20.0M
  • Profit0¢$8.5M

Out of $3.4B in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending60¢$121.2M
  • Dividends paid16¢$32.6M
  • Kept or used elsewhere24¢$47.4M

Out of $201.2M of cash from operations.2

Financial statements

Revenue452$3.4B in 2026−15% since 2022
0$2.0B$4.0B$6.0B2022: $4.1B$4.1B20222023: $3.6B$3.6B2023−11%2024: $3.4B$3.4B2024−5%2025: $3.1B$3.1B2025−10%2026: $3.4B$3.4B2026+11%
Gross profit452$403.3M in 2026+2% since 2022
0$200.0M$400.0M$600.0M2022: $395.5M$395.5M20222023: $336.5M$336.5M2023−15%2024: $439.8M$439.8M2024+31%2025: $388.6M$388.6M2025−12%2026: $403.3M$403.3M2026+4%
Operating income452-$1.4M in 2026
-$100.0M0$100.0M$200.0M$300.0M2022: $226.6M$226.6M20222023: $120.3M$120.3M2023−47%2024: $194.5M$194.5M2024+62%2025: $147.0M$147.0M2025−24%2026: -$1.4M-$1.4M2026
Net income452$8.5M in 2026−95% since 2022
0$50.0M$100.0M$150.0M$200.0M2022: $180.4M$180.4M20222023: $87.1M$87.1M2023−52%2024: $154.7M$154.7M2024+78%2025: $110.7M$110.7M2025−28%2026: $8.5M$8.5M2026−92%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-05-312025-05-312024-05-31
Net sales$3.4B$3.1B$3.4B
Cost of goods sold$3.0B$2.7B$3.0B
Gross margin$403.3M$388.6M$439.8M
Selling, general and administrative expense$297.4M$231.6M$224.4M
Impairment of goodwill$53.8M$0$0
Impairment of long-lived assets and other assets$60.5M$7.4M$1.4M
Restructuring and other (income) expense, net-$7.0M$2.6M$0
Separation costs$0$0$19.5M
Operating income (loss)-$1.4M$147.0M$194.5M
Miscellaneous income, net$16.6M$3.8M$5.3M
Interest expense, net-$28.4M-$7.1M-$6.0M
Equity in net income of unconsolidated affiliate$20.3M$4.4M$22.4M
Earnings before income taxes$7.1M$148.1M$216.2M
Income tax expense$20.0M$28.8M$46.1M
Net earnings (loss)-$12.9M$119.3M$170.1M
Net earnings (loss) attributable to noncontrolling interests-$21.4M$8.6M$15.4M
Net earnings attributable to controlling interest$8.5M$110.7M$154.7M
Weighted average common shares outstanding49.8M shares49.5M shares49.3M shares
Earnings per share attributable to controlling interest$0.17$2.24$3.14
Weighted average common shares outstanding50.8M shares50.5M shares49.8M shares
Earnings per share attributable to controlling interest$0.17$2.19$3.11

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Leadership

Who has led Worthington Steel, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Timeline

  1. Jun 15, 2026New chief executive George John Ganem Iii. becomes CEO9
  2. Jun 15, 2026New chief executive Guido Kerkhoff becomes CEO10

Filings

247 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 32 major events, 146 insider forms, 11 large holders, 46 other. The latest 20:

  1. Oct 13, 202610-Q EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 13, 20264 EDGAR
  5. Oct 13, 20264 EDGAR
  6. Oct 13, 20264 EDGAR
  7. Oct 13, 20264 EDGAR
  8. Oct 13, 20264 EDGAR
  9. Oct 13, 20264 EDGAR
  10. Oct 13, 20264 EDGAR
  11. Oct 13, 20264 EDGAR
  12. Oct 13, 20264 EDGAR
  13. Oct 13, 20264 EDGAR
  14. Oct 13, 20264 EDGAR
  15. Oct 13, 20264 EDGAR
  16. Oct 13, 20264 EDGAR
  17. Oct 8, 20264 EDGAR
  18. Oct 7, 20268-K EDGAR
  19. Oct 6, 2026144 EDGAR
  20. Sep 30, 20264 EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 3 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 2, 2026KLINGLER JEFFREY RChief Operating OfficerSale20,036$43.82$878.1KForm 4
Jun 1, 2026KLINGLER JEFFREY RChief Operating OfficerSale200$43.00$8.6KForm 4
Jun 1, 2026ADAMS TIMOTHY AChief Financial OfficerSale2,367$42.27$100.1KForm 4
May 22, 2026Larivey CliffordPresident Flat Rolled Stl ProcSale11,105$40.09$445.2KForm 4
Jan 30, 2026BOWSHER JON JDirectorBuy2,500$40.15$100.4KForm 4
Jan 27, 2026Kelly Scott JDirectorBuy7,000$39.11$273.8KForm 4
Apr 26, 2024NELSON CARL A JRDirectorSale12,000$30.89$370.7KForm 4
Jan 12, 2024Chiappone Charles MDirectorBuy1,850$28.08$51.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,107,237$171.5M0.0%+2,608
Dimensional Fund Advisors LP2,566,114$86.2M0.0%+45,796
Vanguard Portfolio Management LLC2,280,211$76.6M0.0%+3,935
State Street Corp2,078,892$69.8M0.0%−185,464
Vanguard Capital Management LLC1,650,805$55.4M0.0%+27,353
Geode Capital Management, LLC890,497$29.9M0.0%+52,607
Alliancebernstein L.P.943,738$28.6M0.0%−12,503
Fisher Asset Management, LLC640,136$21.5M0.0%+384,200
Charles Schwab Investment Management Inc619,598$20.8M0.0%−119,459
Teacher Retirement System Of Texas589,218$19.8M0.1%+24,421
Invesco Ltd.512,451$17.2M0.0%+134,937
Morgan Stanley440,834$14.8M0.0%−47,851
Goldman Sachs Group Inc398,032$13.4M0.0%+43,022
Northern Trust Corp388,242$13.0M0.0%+25,056
Bridgeway Capital Management, LLC386,495$13.0M0.2%+3,133
Nuveen, LLC363,821$12.2M0.0%+74,457
Bank of New York Mellon Corp345,942$11.6M0.0%+4,532
FIL Ltd325,221$10.9M0.0%−35,288
American Century Companies Inc268,919$9.0M0.0%−148,742
Empowered Funds, LLC240,495$8.1M0.0%−421
Vanguard Fiduciary Trust Co220,456$7.4M0.0%+3,834
Keybank National Association/oh206,920$6.9M0.0%+15
Principal Financial Group Inc204,307$6.9M0.0%+2,882
Windsor Advisory Group, LLC195,284$6.6M4.8%−80,601
Renaissance Technologies LLC191,138$6.4M0.0%+4,700

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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