# Worthington Steel, Inc. (WS) — Stock CV

Worthington Steel, Inc. is a $1.81B industrial company. Revenue grew 11.3% over the last year, it keeps 0¢ of every dollar of sales as profit, and its net debt equals ~3.4 years of free cash flow. It trades at 199.5× earnings.

> Worthington Steel Inc is a value-added metals processors with the ability to provide a diversified products and services that span a variety of end markets. It is a value-added processor of carbon flat-rolled steel and a producer of laser welded solutions and electrical steel laminations.

## Identity

- **Ticker**: WS
- **Sector**: Industrials
- **Industry**: Steel Works, Blast Furnaces & Rolling & Finishing Mills
- **Headquarters**: COLUMBUS, OH
- **Employees**: 5 400
- **Website**: https://www.worthingtonsteel.com
- **Market cap**: $1.81B
- **Last price**: $36.05
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.44B
- **Net income**: $8.50M
- **Free cash flow**: $80.0M
- **Net debt**: $270M
- **P/E**: 199.5
- **Revenue growth (YoY)**: 11.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 42 |
| Growth | 25 |
| Profitability | 16 |
| Health | 58 |
| Quality | 80 |
| Moat | 43 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +11.3% YoY
- [x] Profitable — $8.50M TTM
- [ ] Profit growing — -54.2% YoY
- [x] Generates cash — $80.0M TTM
- [x] Debt under control — ~3.4y of cash flow to repay
- [ ] Established company — $1.81B market cap
- [x] Not printing shares — +3.0% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 3.1 — safe
- [x] Pays a dividend — yield 1.93%
- [ ] Valuation not extreme — P/E 199.5

## Experience (career milestones)

- **Oct 6, 2026** — Missed EPS estimate by 19%: reported $0.57 vs $0.70 expected
- **2024** — Worthington Steel's joint venture TWB Company, LLC licensed ArcelorMittal Tailored Blanks' patented…
- **2024** — Worthington Steel announced plans to acquire a 52% stake in Sitem SpA, a Trevi, Italy-based maker…
- **FY2022** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2022** — Revenue already above $1B: $4.07B in first reported year
- **FY2022** — Positive free cash flow every year since: 5-year streak
- **FY2022** — Best year on record: $180M net income
- **2021** — Worthington Industries acquired Chicago-based electrical steel company, Tempel Steel
- **1992** — Worthington Industries launched a joint venture called the TWB Company, expanding into the tailor welded…
- **1971** — With the acquisition of a pressure cylinder business, The Worthington Steel Company name changed to…
- **1968** — The Worthington Steel Company became a publicly traded company in 1968 through the National Association of…
- **Jun 3, 1955** — Worthington Steel was founded by John H

## Strengths

- Revenue growing 11.3% year over year
- Altman Z-Score 3.11 — low bankruptcy-risk zone

## Watch-outs

- Thin interest coverage (1.9×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $4.07B | $180M | $3.10M |
| FY2023 | $3.61B | $87.1M | $270M |
| FY2024 | $3.43B | $155M | $96.1M |
| FY2025 | $3.09B | $111M | $99.9M |
| FY2026 | $3.44B | $8.50M | $80.0M |

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Source: https://stockcv.com/WS — derived from company filings; may be delayed or incomplete. Information, not investment advice.