Is the business good?
How good a business is WOR?
Worthington Enterprises, Inc. earns 1.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.4%
Return on invested capital · cost of capital 9.0% · 7.6 points below what the capital costs: growth destroys value
- Operating margin
- 1.7%
Operating margin · Metal Fabrication median 11% · 12 months to Q3 2026
- Cash conversion
- 1.47×
Cash conversion · 2.38× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −0.63%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 0.74% |
| FY2021 | 5.3% |
| FY2022 | 3.7% |
| FY2023 | 2.1% |
| FY2024 | −5.9% |
| FY2025 | −0.93% |
Details›
- Gross margin12 months to Q3 2026
- 28%
- Operating margin12 months to Q3 2026
- 1.7%
- Net margin12 months to Q3 2026
- 8.4%
- Free cash flow margin
- 12%
- Revenue, trailing twelve months
- $1.33B
- Free cash flow, trailing twelve months
- $164M
- Net income, trailing twelve months
- $112M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.