The financials
Worthington Steel, Inc. by the numbers
Worthington Steel, Inc. (WS) reported revenue of $770M in Q3 2026 (quarter ended February 28, 2026), up 12% from the same quarter a year earlier. That came with a gross margin of 9.9% and net income of $10M (1.4% of revenue). For the full year FY2025, revenue was $3.09B (−9.8% year on year) and net income $111M. Its largest product in 2026-Q1 was Direct at $743M, 97% of the disclosed total, just ahead of Toll at 3.5%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $770M | $687M | +12% |
| Gross profit | $76M | $81M | −6.3% |
| Operating income | $3.1M | $18M | −83% |
| Net income | $10M | $14M | −25% |
| Diluted EPS | $0.20 | $0.27 | −26% |
| Product | Revenue | Share |
|---|---|---|
| Direct | $743M | 97% |
| Toll | $27M | 3.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $769.8M (-12%)
Direct grew +14% year on yearToll -20% year on year
Segment Latestquarter on quarteryear on year
- Direct$743.0M$743.0MQoQ -12%year on year +14%-12%+14%
- Toll$26.8M$26.8MQoQ -3.6%year on year -20%-3.6%-20%