WSWorthington Steel, Inc.
Is it safe?
Mixed picture: a safe balance sheet and clean books, but quality weak and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Weak, deteriorating fundamentals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net sellers (-$8K, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -51% · now 25% below its 52-week high.
Unless marked, from SEC EDGAR, as of May 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can WS take a bad year?
Worthington Steel, Inc. carries $172M of net debt at 2.08× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.08×
Net debt / EBITDA · 1.23× a year ago · the load is going up
- Altman Z-score
- 3.64
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.24×
Debt / equity
Details›
- Total debtQ4 2026
- $257M
- Cash and short-term investments
- $85M
- Net debt
- $172M
- EBITDA, trailing twelve months
- $83M
- Operating profit, trailing twelve months
- −$1.4M
- Debt / equity
- 0.24×
- Total debt / EBITDA
- 3.10×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −51%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.