WS
$39.68+0.97%
WS financial statements
The full income statement, balance sheet, and cash-flow statement for Worthington Steel Inc. (WS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-05 50.4M2024-08 50.8M2024-11 50.8M2025-02 50.7M2025-05 50.9M2025-08 50.8M2025-11 50.8M2026-02 50.8M2026-05 50.9M+1.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| Revenue | 3.44B+11.3% | 3.09B-9.8% | 3.43B-4.9% | 3.61B-11.3% | 4.07B | |
| 403M+3.8% | 389M-11.6% | 440M+30.7% | 337M-14.9% | 396M | ||
| Cost of revenue | 3.04B+12.4% | 2.70B-9.6% | 2.99B-8.6% | 3.27B-10.9% | 3.67B | |
| Selling, general & administrative | 297M+28.4% | 232M+3.2% | 224M+11.8% | 201M+11.4% | 180M | |
| Restructuring | — | — | — | 100K | — | |
| Amortization of intangibles | 8.20M+36.7% | 6.00M-4.8% | 6.30M+0.0% | 6.30M+31.3% | 4.80M | |
| Provision for credit losses | 800K-55.6% | 1.80M+63.6% | 1.10M-31.3% | 1.60M+128.6% | 700K | |
| Operating income | -1.40M-101.0% | 147M-24.4% | 195M+61.7% | 120M-46.9% | 227M | |
| Interest expense | 28.4M+300.0% | 7.10M+18.3% | 6.00M+100.0% | 3.00M+0.0% | 3.00M | |
| Net interest income | 400K | — | — | — | — | |
| Other non-operating income | 16.6M+336.8% | 3.80M-28.3% | 5.30M+43.2% | 3.70M+311.1% | 900K | |
| Equity-method income | 20.3M+361.4% | 4.40M-80.4% | 22.4M+190.9% | 7.70M-74.2% | 29.8M | |
| Gain (loss) on equity securities | 15.7M | 0.00 | 0.00 | — | — | |
| Pre-tax income | 7.10M-95.2% | 148M-31.5% | 216M+68.0% | 129M-49.4% | 254M | |
| Income tax | 20.0M-30.6% | 28.8M-37.5% | 46.1M+59.0% | 29.0M-46.3% | 54.0M | |
| 8.50M-92.3% | 111M-28.4% | 155M+55.2% | 99.7M-44.7% | 180M | ||
| Net income to non-controlling interest | -21.4M-348.8% | 8.60M-44.2% | 15.4M+22.2% | 12.6M-36.7% | 19.9M | |
| $0.17-92.2% | $2.19-29.6% | $3.11+75.7% | $1.77-51.6% | $3.66 | ||
| EPS (basic) | $0.17-92.4% | $2.24-28.7% | $3.14+77.4% | $1.77-51.6% | $3.66 | |
| Weighted-avg shares (basic) | 49.8M+0.6% | 49.5M+0.4% | 49.3M+0.0% | 49.3M+0.0% | 49.3M | |
| Weighted-avg shares (diluted) | 50.8M+0.6% | 50.5M+1.4% | 49.8M+1.0% | 49.3M+0.0% | 49.3M | |
| Dividends per share | $0.64+0.0% | $0.64+100.0% | $0.32 | — | — | |
| Balance Sheet | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 1.13B+7.8% | 1.05B+4.7% | 1.00B+2.1% | 981M | — | ||
| Cash & equivalents | 84.6M+122.6% | 38.0M-5.5% | 40.2M+22.9% | 32.7M+62.7% | 20.1M | |
| Accounts receivable | 496M+13.1% | 439M-7.2% | 473M+1.0% | 468M | — | |
| Inventory | 416M-1.5% | 422M+4.1% | 405M-2.3% | 415M | — | |
| Prepaid expenses | 110M+32.1% | 83.3M+8.7% | 76.6M+32.8% | 57.7M | — | |
| 2.25B+14.8% | 1.96B+5.1% | 1.87B+5.8% | 1.76B | — | ||
| Property, plant & equipment | 649M+18.4% | 548M+15.5% | 475M+14.6% | 414M | — | |
| Operating lease right-of-use | 77.8M+7.2% | 72.6M-0.4% | 72.9M-3.2% | 75.3M | — | |
| Goodwill | 44.5M-44.1% | 79.6M+0.0% | 79.6M+1.3% | 78.6M-1.8% | 80.0M | |
| Intangible assets | 77.3M+13.8% | 67.9M-11.8% | 77.0M-7.7% | 83.4M | — | |
| Deferred tax assets | 12.7M+11.4% | 11.4M+34.1% | 8.50M+34.9% | 6.30M | — | |
| Other non-current assets | 7.80M+11.4% | 7.00M-58.3% | 16.8M+54.1% | 10.9M | — | |
| 776M+22.9% | 632M+2.1% | 618M+29.3% | 478M | — | ||
| Accounts payable | 424M+5.3% | 403M+5.8% | 380M-5.4% | 402M | — | |
| Deferred revenue | — | — | 0.00 | — | — | |
| Short-term & current debt | 27.0M | 0.00 | 0.00-100.0% | 20.0M | — | |
| Current lease liability | 10.4M+35.1% | 7.70M+1.3% | 7.60M+28.8% | 5.90M | — | |
| Finance lease liability (current) | 2.90M | 0.00 | — | — | — | |
| 990M+29.5% | 764M+2.0% | 749M+22.8% | 610M | — | ||
| Long-term debt | 44.4M+1830.4% | 2.30M | 0.00 | 0.00 | — | |
| Non-current lease liability | 78.7M+14.6% | 68.7M+0.6% | 68.3M-4.7% | 71.7M | — | |
| Operating lease liability (total) | 89.1M+16.6% | 76.4M+0.7% | 75.9M | — | — | |
| Finance lease liability (total) | 8.40M | — | — | — | — | |
| Finance lease liability | 5.50M | 0.00 | — | — | — | |
| Deferred tax liabilities | 33.6M+17.5% | 28.6M+2.5% | 27.9M+6.9% | 26.1M | — | |
| Other non-current liabilities | 51.5M+57.0% | 32.8M-4.4% | 34.3M+2.1% | 33.6M | — | |
| 1.06B-1.0% | 1.07B+9.0% | 985M-4.2% | 1.03B-18.7% | 1.27B | ||
| Common stock | — | 0.00 | 0.00 | — | — | |
| Additional paid-in capital | 919M+0.6% | 914M+0.9% | 905M | 0.00 | — | |
| Retained earnings | 140M-14.7% | 164M+90.7% | 86.1M | 0.00 | — | |
| Accumulated other comprehensive income | 3.90M+197.5% | -4.00M+34.4% | -6.10M-190.5% | -2.10M | — | |
| Non-controlling interest | 134M+8.5% | 124M-6.4% | 132M+5.3% | 126M | — | |
| Total equity incl. non-controlling | 1.20B-0.0% | 1.20B+7.2% | 1.12B-3.2% | 1.15B-8.8% | 1.27B | |
| Total liabilities & equity | 2.25B+14.8% | 1.96B+5.1% | 1.87B+5.8% | 1.76B | — | |
| Common shares issued | 49.9M+0.7% | 49.5M+0.4% | 49.3M | — | — | |
| Common shares outstanding | 49.9M+0.7% | 49.5M+0.4% | 49.3M | — | — | |
| Shares outstanding (cover) | 50.9M+0.1% | 50.9M+1.0% | 50.4M | — | — | |
| Cash Flow | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| 201M-12.6% | 230M+15.4% | 200M-36.7% | 315M+697.5% | 39.5M | ||
| Depreciation & amortization | 84.2M+27.6% | 66.0M+1.1% | 65.3M-6.2% | 69.6M+17.0% | 59.5M | |
| Intangible amortization | 8.20M+36.7% | 6.00M-4.8% | 6.30M+0.0% | 6.30M+31.3% | 4.80M | |
| Deferred income taxes | -10.4M-235.5% | -3.10M-381.8% | 1.10M+111.3% | -9.70M-171.3% | 13.6M | |
| Change in inventory | -47.2M-382.6% | 16.7M+201.8% | -16.4M+89.4% | -155M-404.7% | 50.7M | |
| Change in payables | -17.4M-210.1% | 15.8M+159.2% | -26.7M+78.5% | -124M-734.2% | -14.9M | |
| -213M-65.3% | -129M-4.8% | -123M-455.0% | -22.2M+94.4% | -395M | ||
| Capital expenditure | 121M-7.1% | 130M+26.1% | 103M+127.3% | 45.5M+25.0% | 36.4M | |
| Free cash flow | 80.0M-19.9% | 99.9M+4.0% | 96.1M-64.3% | 270M+8593.5% | 3.10M | |
| Acquisitions | 2.90M | 0.00-100.0% | 21.0M | 0.00-100.0% | 377M | |
| Other investing activities | -300K | 0.00 | 0.00 | — | — | |
| 3.00M+106.2% | -48.5M+29.5% | -68.8M+75.4% | -280M-178.2% | 358M | ||
| Long-term debt issued | 38.1M+1556.5% | 2.30M | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 22.4M | 0.00 | 0.00-100.0% | 15.0M+0.0% | 15.0M | |
| Net short-term debt | 25.0M+66.7% | 15.0M-88.2% | 127M+381.4% | -45.2M-208.4% | 41.7M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 32.6M+2.2% | 31.9M+303.8% | 7.90M | 0.00 | 0.00 | |
| FX effect on cash | 900K | 0.00 | 0.00 | — | — | |
| Net change in cash | -8.30M-115.7% | 52.7M+602.7% | 7.50M-40.5% | 12.6M+384.6% | 2.60M | |
| Interest paid | 11.6M+50.6% | 7.70M+71.1% | 4.50M | — | — | |
| Income taxes paid | — | 26.2M-30.3% | 37.6M | — | — | |
| Valuation Ratios | as ofMay 31 ’26 | as ofMay 31 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | |
| Market cap | 2.14B+69.7% | 1.26B-24.0% | 1.66B | — | — | |
| P/E | 17.6×+50.8% | 11.7×+8.7% | 10.7× | — | — | |
| P/S | 0.6×+60.7% | 0.4×-17.8% | 0.5× | — | — | |
| P/B | 1.9×+52.7% | 1.2×-26.0% | 1.7× | — | — | |
| P/FCF | 26.6×+73.2% | 15.4×-11.3% | 17.3× | — | — | |
| Earnings yield | 5.7%-33.7% | 8.6%-8.0% | 9.3% | — | — | |
| FCF yield | 3.8%-42.3% | 6.5%+12.7% | 5.8% | — | — | |
| Dividend yield | 1.5%-41.0% | 2.6%+165.0% | 0.97% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WS filings on SEC EDGAR → Not investment advice.