Worthington Steel, Inc.WSEarnings & Financial Report
Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...
WS Q2 2026 Key Financial Metrics
Revenue
$871.9M
Gross Profit
$93.2M
Operating Profit
$21.7M
Net Profit
$18.8M
Gross Margin
10.7%
Operating Margin
2.5%
Net Margin
2.2%
YoY Growth
18.0%
EPS
$0.37
Financial Flow
Worthington Steel, Inc. Q2 2026 Financial Summary
Worthington Steel, Inc. reported revenue of $871.9M (up 18.0% YoY) for Q2 2026, with a net profit of $18.8M (up 46.9% YoY) (2.2% margin). Cost of goods sold was $778.7M, operating expenses totaled $71.5M.
Key Financial Metrics
| Total Revenue | $871.9M |
|---|---|
| Net Profit | $18.8M |
| Gross Margin | 10.7% |
| Operating Margin | 2.5% |
| Report Period | Q2 2026 |
Revenue Breakdown
Worthington Steel, Inc. Q2 2026 revenue of $871.9M breaks down across 2 segments, led by Direct at $844.1M (96.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Direct | $844.1M | 96.8% |
| Toll | $27.8M | 3.2% |
Worthington Steel, Inc. Revenue by Segment — Quarterly Trend
Worthington Steel, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Direct and Toll) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Direct | $844.1M | $743.0M | $798.8M | $653.8M |
| Toll | $27.8M | $26.8M | $34.1M | $33.6M |
Worthington Steel, Inc. Annual Revenue by Year
Worthington Steel, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.1B). Click any linked year to see what changed vs the prior annual report.
Worthington Steel, Inc. Quarterly Revenue & Net Profit History
Worthington Steel, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 2026 | $871.9M | +18.0% | $18.8M | 2.2% |
| Q1 2026 | $872.9M | +4.7% | $36.8M | 4.2% |
| Q4 2025 | $832.9M | — | $55.7M | 6.7% |
| Q3 2025 | $687.4M | -14.7% | $13.8M | 2.0% |
| Q2 2025 | $739.0M | -8.5% | $12.8M | 1.7% |
| Q1 2025 | $834.0M | +3.5% | $28.4M | 3.4% |
| Q3 2024 | $805.8M | — | $49.0M | 6.1% |
| Q2 2024 | $808.0M | — | $-6.0M | -0.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $808.0M | $805.8M | $834.0M | $739.0M | $687.4M | $832.9M | $872.9M | $871.9M |
| YoY Growth | N/A | N/A | 3.5% | -8.5% | -14.7% | N/A | 4.7% | 18.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.90B | $1.85B | $1.83B | $1.74B | $1.80B | $1.96B | $2.24B | $2.15B |
| Liabilities | $725.9M | $778.7M | $686.2M | $594.2M | $656.6M | $763.9M | $912.4M | $803.1M |
| Equity | $1.04B | $937.6M | $1.01B | $1.01B | $1.01B | $1.07B | $1.10B | $1.12B |
Cash Flow
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $139.9M | $44.7M | $54.6M | $68.0M | $53.8M | $53.9M | $-6.3M | $99.3M |