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Worthington Steel, Inc. (WS) Financials

WS
FY2026 annual
Revenue $3.4B +11.3% YoY
Net Income -$13.0M -110.9% YoY
EPS (Diluted) $0.17 -92.2% YoY
Free Cash Flow $80.0M -19.9% YoY
Market Cap $1.7B as of Sep 12, 2026
Price / Sales 0.5x on $3.4B revenue, FY2026
Price / Earnings n/m net loss, so no earnings multiple, FY2026
Price / Book 1.6x on $1.1B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended May 31, 2026 Reported Currency USD FYE May

Newest figures come from the 10-K for FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WS SEC filings page.

Worthington Steel, Inc. (WS) reported $3.4B in revenue for fiscal year 2026, up 11.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WS FY2026

Revenue recovery is being absorbed by heavier overhead and reinvestment, leaving cash positive while operating profit turns negative.

In FY2026, operating cash flow remained $201M despite a -$13M net loss, showing cash conversion is being carried by noncash charges and operating balance-sheet movements rather than accounting earnings. Free cash flow was $80M against $121M of capital spending, so positive cash generation coexisted with substantial reinvestment.

Revenue rebounded 11.3% in FY2026, yet gross margin was only 11.7%, limiting how much of the volume recovery reached operations. Gross margin was below 12.6% in FY2025 while SG&A rose 28.4%, indicating overhead absorbed the recovery rather than scale improving profitability.

The balance sheet expanded with liabilities up 29.5% versus assets up 14.8%, pointing to growth financed more heavily by obligations. The current ratio fell to 1.5x from 1.7x, while long-term debt increased from $2M to $44M, marking a measurable shift from an essentially debt-free posture.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 49 / 100
Financial Health Score 49/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Worthington Steel, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
44

Worthington Steel, Inc. has an operating margin of 0.0%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is down from 4.8% the prior year.

Growth
31

Worthington Steel, Inc.'s revenue grew 11.3% year-over-year to $3.4B, a solid pace of expansion. This earns a growth score of 31/100.

Leverage
93

Worthington Steel, Inc. carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
39

Worthington Steel, Inc.'s current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
36

Worthington Steel, Inc. has a free cash flow margin of 2.3%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
51

Worthington Steel, Inc. posts a -1.2% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 51/100. This is down from 11.1% the prior year.

Altman Z-Score Grey Zone
2.85

Worthington Steel, Inc. scores 2.85, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak
2/9

Worthington Steel, Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

Worthington Steel, Inc. reported a net loss of $13.0M while generating $201.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Worthington Steel, Inc. reported an operating loss of $1.4M against $28.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$929.2M
YoY+11.6%
QoQ+20.7%

Worthington Steel, Inc. generated $929.2M in revenue in Q4 2026. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is up 20.7%.

EBITDA
-$53.9M
YoY-164.7%
QoQ-318.2%

Worthington Steel, Inc.'s EBITDA was -$53.9M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 164.7% from the same quarter a year earlier. Against the prior quarter it is down 318.2%.

Net Income
-$79.0M
YoY-223.4%
QoQ-859.6%

Worthington Steel, Inc. reported -$79.0M in net income in Q4 2026. This represents a decrease of 223.4% from the same quarter a year earlier. Against the prior quarter it is down 859.6%.

EPS (Diluted)
-$1.13
YoY-202.7%
QoQ-665.0%

Worthington Steel, Inc. earned -$1.13 per diluted share (EPS) in Q4 2026. This represents a decrease of 202.7% from the same quarter a year earlier. Against the prior quarter it is down 665.0%.

Cash & Balance Sheet

Free Cash Flow
$7.8M
YoY-7.1%
QoQ-76.6%

Worthington Steel, Inc. generated $7.8M in free cash flow in Q4 2026, representing cash available after capex. This represents a decrease of 7.1% from the same quarter a year earlier. Against the prior quarter it is down 76.6%.

Cash & Debt
$84.6M
YoY+122.6%
QoQ-6.0%

Worthington Steel, Inc. held $84.6M in cash against $44.4M in long-term debt as of Q4 2026, with $775.8M of liabilities due within a year.

Dividends Per Share
$0.16
YoY0.0%
QoQ0.0%

Worthington Steel, Inc. paid $0.16 per share in dividends in Q4 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
51M
YoY+0.1%
QoQ+0.3%

Worthington Steel, Inc. had 51M shares outstanding in Q4 2026. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Margins & Returns

Gross Margin
12.8%
YoY-2.5pp
QoQ+2.9pp

Worthington Steel, Inc.'s gross margin was 12.8% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Operating Margin
-8.0%
YoY-16.0pp
QoQ-8.4pp

Worthington Steel, Inc.'s operating margin was -8.0% in Q4 2026, reflecting core business profitability. This is down 16.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.4 percentage points.

Net Margin
-8.5%
YoY-16.2pp
QoQ-9.8pp

Worthington Steel, Inc.'s net profit margin was -8.5% in Q4 2026, showing the share of revenue converted to profit. This is down 16.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.8 percentage points.

Return on Equity
-7.4%
YoY-13.4pp
QoQ-8.3pp

Worthington Steel, Inc.'s ROE was -7.4% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is down 13.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.

Capital Allocation

Capital Expenditures
$37.1M
YoY-18.5%
QoQ+23.7%

Worthington Steel, Inc. invested $37.1M in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 18.5% from the same quarter a year earlier. Against the prior quarter it is up 23.7%.

R&D Spending

Not reported for Q4 2026.

Share Buybacks

Not reported for Q4 2026.

WS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WS quarterly income statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Revenue$929.2M+11.6%$769.8M+12.0%$871.9M+18.0%$872.9M+4.7%$832.9M-8.6%$687.4M-14.7%$739.0M-8.5%$834.0M-7.9%
Cost of Revenue$810.4M+14.8%$693.7M+14.4%$778.7M+18.2%$757.7M+3.3%$705.9M-9.5%$606.2M-11.6%$659.0M-11.9%$733.6M-5.6%
Gross Profit$118.8M-6.5%$76.1M-6.3%$93.2M+16.5%$115.2M+14.7%$127.0M-3.1%$81.2M-32.4%$80.0M+32.9%$100.4M-21.9%
SG&A Expenses$81.1M+37.7%$77.5M+41.9%$70.9M+16.0%$67.9M+19.1%$58.9M-7.5%$54.6M+3.4%$61.1M+12.9%$57.0M+5.9%
Operating Income-$74.5M-212.2%$3.1M-83.1%$21.7M+14.8%$48.3M+11.3%$66.4M-1.3%$18.3M-72.4%$18.9M+314.8%$43.4M-37.7%
EBITDA-$53.9M-164.7%$24.7M-29.2%$43.4M+23.3%$68.6M+15.1%$83.3M-0.1%$34.9M-57.5%$35.2M+363.2%$59.6M-31.2%
Interest Expense$20.7M+1970.0%$2.1M+50.0%$2.7M+28.6%$2.9M+11.5%$1.0M-58.3%$1.4M-51.7%$2.1M+950.0%$2.6M+420.0%
Income Tax-$1.1M-106.8%$3.5M-30.0%$4.2M+16.7%$13.4M+235.0%$16.2M-8.0%$5.0M-64.3%$3.6M+244.0%$4.0M-76.5%
Net Income-$79.0M-223.4%$10.4M-24.6%$18.8M+46.9%$36.8M+29.6%$64.0M-6.6%$13.8M-71.8%$12.8M+313.3%$28.4M-51.5%
EPS (Basic)-$1.16-202.7%$0.21-25.0%$0.38+46.2%$0.73+28.1%$1.13+4.6%$0.28-71.7%$0.26+316.7%$0.57-52.1%
EPS (Diluted)-$1.13-202.7%$0.20-25.9%$0.37+48.0%$0.72+28.6%$1.10+3.8%$0.27-72.4%$0.25+308.3%$0.56-52.9%
Diluted Shares (Avg)N/A51M+0.8%51M+0.2%51M+0.4%N/A51M+0.4%51M+2.6%50M+2.2%

Not reported in any period shown, so not listed: R&D Expenses.

WS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WS quarterly balance sheet
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Total Assets$2.3B+14.8%$2.3B+28.7%$2.1B+23.6%$2.2B+22.6%$2.0B+5.1%$1.8B-2.7%$1.7B-8.3%$1.8B
Current Assets$1.1B+7.8%$1.1B+21.2%$1.1B+22.5%$1.1B+20.2%$1.0B+4.7%$912.6M-10.8%$857.4M-21.1%$955.5M
Cash & Equivalents$84.6M+122.6%$90.0M+42.2%$89.8M+72.7%$78.3M+117.5%$38.0M-5.5%$63.3M+4.1%$52.0M-75.7%$36.0M+31.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$415.7M-1.5%$435.6M+27.3%$413.0M+20.4%$478.5M+22.0%$422.0M+4.1%$342.3M-16.1%$343.0M-8.2%$392.1M
Accounts Receivable$496.2M+13.1%$461.6M+11.6%$440.8M+18.2%$490.3M+10.6%$438.7M-7.2%$413.8M-11.7%$372.9M-12.5%$443.4M
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$44.5M-44.1%$103.3M+30.3%$101.5M+27.7%$101.7M+27.6%$79.6M0.0%$79.3M-0.5%$79.5M+0.4%$79.7M
Total Liabilities$989.5M+29.5%$958.1M+45.9%$803.1M+35.2%$912.4M+33.0%$763.9M+2.0%$656.6M-15.7%$594.2M-18.1%$686.2M
Current Liabilities$775.8M+22.9%$745.6M+43.1%$584.9M+25.1%$693.6M+24.3%$631.5M+2.1%$521.0M-19.3%$467.7M-21.4%$557.9M
Non-Current Liabilities$213.7M+61.4%$212.5M+56.7%$218.2M+72.5%$218.8M+70.5%$132.4M+1.5%$135.6M+1.7%$126.5M-3.1%$128.3M
Long-Term Debt$44.4M+1830.4%$31.6M+1336.4%$41.7M$43.1M$2.3M$2.2M$0$0
Total Equity$1.1B-1.0%$1.1B+11.1%$1.1B+10.5%$1.1B+9.5%$1.1B+9.0%$1.0B+8.0%$1.0B-2.8%$1.0B-19.1%
Retained Earnings$140.0M-14.7%$205.7M+76.6%$203.5M+83.3%$192.5M+81.1%$164.2M+90.7%$116.5M+184.8%$111.0M$106.3M

WS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WS quarterly cash flow statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Operating Cash Flow$44.9M-16.7%$63.3M+17.7%$99.3M+46.0%-$6.3M-111.5%$53.9M+51.4%$53.8M+20.4%$68.0M-51.4%$54.6M+363.8%
Depreciation & Amortization$20.6M+21.9%$21.6M+30.1%$21.7M+33.1%$20.3M+25.3%$16.9M+5.0%$16.6M+4.4%$16.3M-0.6%$16.2M-4.1%
Stock-Based CompensationN/AN/AN/A$7.4M+208.3%N/AN/AN/A$2.4M-14.3%
Capital Expenditures$37.1M-18.5%$30.0M+4.9%$24.7M-29.0%$29.4M+36.7%$45.5M+1.6%$28.6M+27.7%$34.8M+84.1%$21.5M+24.3%
Free Cash Flow$7.8M-7.1%$33.3M+32.1%$74.6M+124.7%-$35.7M-207.9%$8.4M+191.3%$25.2M+13.0%$33.2M-72.6%$33.1M+187.1%
Investing Cash Flow-$43.3M+4.4%-$115.8M-304.9%-$24.7M+26.7%-$29.6M-37.7%-$45.3M-2.0%-$28.6M-27.7%-$33.7M+13.8%-$21.5M-24.3%
Financing Cash Flow-$8.0M-138.1%$52.9M+480.6%-$62.9M-243.7%$21.0M+156.3%$21.0M+278.0%-$13.9M+92.1%-$18.3M-121.2%-$37.3M-214.1%
Dividends Paid$8.0M0.0%$8.1M+1.3%$8.4M+6.3%$8.1M+1.3%$8.0M+1.3%$8.0M$7.9M$8.0M

Not reported in any period shown, so not listed: Share Buybacks.

WS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WS quarterly financial ratios
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Gross Margin12.8%-2.5pp9.9%-1.9pp10.7%-0.1pp13.2%+1.2pp15.3%+0.9pp11.8%-3.1pp10.8%+3.4pp12.0%-2.2pp
Operating Margin-8.0%-16.0pp0.4%-2.3pp2.5%-0.1pp5.5%+0.3pp8.0%+0.6pp2.7%-5.6pp2.6%+3.7pp5.2%-2.5pp
Net Margin-8.5%-16.2pp1.4%-0.7pp2.2%+0.4pp4.2%+0.8pp7.7%+0.2pp2.0%-4.1pp1.7%+2.5pp3.4%-3.1pp
Return on Equity-7.4%-13.4pp0.9%-0.4pp1.7%+0.4pp3.3%+0.5pp6.0%-1.0pp1.4%-3.9pp1.3%+1.8pp2.8%-1.9pp
Return on Assets-3.5%-6.8pp0.4%-0.3pp0.9%+0.1pp1.6%+0.1pp3.3%-0.4pp0.8%-1.9pp0.7%+1.1pp1.6%
Current Ratio1.46-0.2x1.48-0.3x1.800.0x1.66-0.1x1.660.0x1.75+0.2x1.830.0x1.71
Debt-to-Equity0.040.0x0.030.0x0.040.0x0.040.0x0.000.0x0.000.0x0.000.0x0.00
Asset Turnover0.410.0x0.330.0x0.410.0x0.39-0.1x0.42-0.1x0.38-0.1x0.420.0x0.46
FCF Margin0.8%-0.2pp4.3%+0.7pp8.6%+4.1pp-4.1%-8.1pp1.0%+2.0pp3.7%+0.9pp4.5%-10.5pp4.0%+8.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Worthington Steel, Inc. WS FY2026 $3.4B -$13.0M -0.4% $1.7B 49/100
Companhia Siderurgica Nacional S.A. (CSN) SID FY2009 $5.0B $1.3B 25.6% $1.7B
Metallus Inc. MTUS FY2025 $1.2B -$1.2M -0.1% $797.5M 20/100
Algoma Steel Group Inc. ASTL FY2025 N/A -$984.9M N/A $450.1M
NWPX Infrastructure, Inc. NWPX FY2025 $526.0M $35.4M 6.7% $1.0B 71/100

Frequently Asked Questions

What is Worthington Steel, Inc.'s annual revenue?

Worthington Steel, Inc. (WS) reported $3.4B in total revenue for fiscal year 2026. This represents a 11.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Worthington Steel, Inc.'s revenue growing?

Worthington Steel, Inc. (WS) revenue grew by 11.3% year-over-year, from $3.1B to $3.4B in fiscal year 2026.

Is Worthington Steel, Inc. profitable?

No, Worthington Steel, Inc. (WS) reported a net income of -$13.0M in fiscal year 2026, with a net profit margin of -0.4%.

Worthington Steel, Inc. (WS) reported diluted earnings per share of $0.17 for fiscal year 2026. This represents a -92.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Worthington Steel, Inc. (WS) had EBITDA of $82.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Worthington Steel, Inc. (WS) had $84.6M in cash and equivalents against $44.4M in long-term debt.

Worthington Steel, Inc. (WS) had a gross margin of 11.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Worthington Steel, Inc. (WS) had an operating margin of 0.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Worthington Steel, Inc. (WS) had a net profit margin of -0.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Worthington Steel, Inc. (WS) paid $0.64 per share in dividends during fiscal year 2026.

Worthington Steel, Inc. (WS) has a return on equity of -1.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Worthington Steel, Inc. (WS) generated $80.0M in free cash flow during fiscal year 2026. This represents a -19.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Worthington Steel, Inc. (WS) generated $201.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Worthington Steel, Inc. (WS) had $2.3B in total assets as of fiscal year 2026, including both current and long-term assets.

Worthington Steel, Inc. (WS) invested $121.2M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Worthington Steel, Inc. (WS) had 51M shares outstanding as of fiscal year 2026.

Worthington Steel, Inc. (WS) had a current ratio of 1.46 as of fiscal year 2026, which is considered adequate.

Worthington Steel, Inc. (WS) had a debt-to-equity ratio of 0.04 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Worthington Steel, Inc. (WS) had a return on assets of -0.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Worthington Steel, Inc. (WS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $1.7B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Worthington Steel, Inc. (WS) trades at 0.5x sales, its market capitalization divided by revenue of $3.4B revenue, FY2026. The market capitalization is $1.7B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Worthington Steel, Inc. (WS) has an Altman Z-Score of 2.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Worthington Steel, Inc. (WS) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Worthington Steel, Inc. (WS) reported a net loss of $13.0M while generating $201.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Worthington Steel, Inc. (WS) reported an operating loss of $1.4M against $28.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Worthington Steel, Inc. (WS) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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