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Side-by-side financial comparison of CMB.TECH NV (CMBT) and WORTHINGTON ENTERPRISES, INC. (WOR). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $327.5M, roughly 1.8× WORTHINGTON ENTERPRISES, INC.). CMB.TECH NV runs the higher net margin — 32.3% vs 8.3%, a 23.9% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

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...

CMBT vs WOR — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.8× larger
CMBT
$592.8M
$327.5M
WOR
Growing faster (revenue YoY)
WOR
WOR
+54.1% gap
WOR
19.5%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
23.9% more per $
CMBT
32.3%
8.3%
WOR

Income Statement — Q4 FY2024 vs Q2 FY2026

Metric
CMBT
CMBT
WOR
WOR
Revenue
$592.8M
$327.5M
Net Profit
$191.2M
$27.3M
Gross Margin
25.8%
Operating Margin
46.4%
3.7%
Net Margin
32.3%
8.3%
Revenue YoY
-34.6%
19.5%
Net Profit YoY
-63.3%
-3.3%
EPS (diluted)
$1.01
$0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMBT
CMBT
WOR
WOR
Q4 25
$327.5M
Q3 25
$303.7M
Q4 24
$592.8M
Q4 23
$905.9M
Net Profit
CMBT
CMBT
WOR
WOR
Q4 25
$27.3M
Q3 25
$35.1M
Q4 24
$191.2M
Q4 23
$521.2M
Gross Margin
CMBT
CMBT
WOR
WOR
Q4 25
25.8%
Q3 25
27.1%
Q4 24
Q4 23
Operating Margin
CMBT
CMBT
WOR
WOR
Q4 25
3.7%
Q3 25
3.0%
Q4 24
46.4%
Q4 23
63.4%
Net Margin
CMBT
CMBT
WOR
WOR
Q4 25
8.3%
Q3 25
11.6%
Q4 24
32.3%
Q4 23
57.5%
EPS (diluted)
CMBT
CMBT
WOR
WOR
Q4 25
$0.55
Q3 25
$0.70
Q4 24
$1.01
Q4 23
$2.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBT
CMBT
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$38.9M
$180.3M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$962.6M
Total Assets
$3.9B
$1.8B
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
WOR
WOR
Q4 25
$180.3M
Q3 25
$167.1M
Q4 24
$38.9M
Q4 23
$429.4M
Total Debt
CMBT
CMBT
WOR
WOR
Q4 25
Q3 25
Q4 24
$2.6B
Q4 23
$930.7M
Stockholders' Equity
CMBT
CMBT
WOR
WOR
Q4 25
$962.6M
Q3 25
$959.1M
Q4 24
$1.2B
Q4 23
$2.4B
Total Assets
CMBT
CMBT
WOR
WOR
Q4 25
$1.8B
Q3 25
$1.7B
Q4 24
$3.9B
Q4 23
$3.4B
Debt / Equity
CMBT
CMBT
WOR
WOR
Q4 25
Q3 25
Q4 24
2.20×
Q4 23
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBT
CMBT
WOR
WOR
Operating Cash FlowLast quarter
$204.4M
$51.5M
Free Cash FlowOCF − Capex
$39.1M
FCF MarginFCF / Revenue
11.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.07×
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
WOR
WOR
Q4 25
$51.5M
Q3 25
$41.1M
Q4 24
$204.4M
Q4 23
$435.8M
Free Cash Flow
CMBT
CMBT
WOR
WOR
Q4 25
$39.1M
Q3 25
$27.9M
Q4 24
Q4 23
$65.6M
FCF Margin
CMBT
CMBT
WOR
WOR
Q4 25
11.9%
Q3 25
9.2%
Q4 24
Q4 23
7.2%
Capex Intensity
CMBT
CMBT
WOR
WOR
Q4 25
3.8%
Q3 25
4.3%
Q4 24
Q4 23
40.9%
Cash Conversion
CMBT
CMBT
WOR
WOR
Q4 25
1.89×
Q3 25
1.17×
Q4 24
1.07×
Q4 23
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBT
CMBT

Segment breakdown not available.

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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