WS
Worthington Steel, Inc.
WS lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover, though they disagree widely on how much.
WS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Stable | |
| Weak |
WS's revenue is currently strong, and its cash flow is stable, but its profitability and balance sheet are under pressure.
WS PE Valuation
WS has no meaningful PE right now: it lost money over the past year.
WS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for WS, but weaker profitability. However, they disagree widely on these estimates.
WS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.78 | — |
| Q3 2026 | -$0.75 | -132% |
| Q2 2026 | $0.17 | -92% |
| Q1 2026 | $2.40 | +12% |
| Q4 2025 | $2.47 | -13% |
| Q3 2025 | $2.35 | -5.2% |
| Q2 2025 | $2.19 | -29% |
| Q1 2025 | $2.14 | -37% |
| Q4 2024 | $2.85 | +13% |
WS has swung to a loss: it lost $0.75 per share over the past year, after a profit the year before.
WS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.7B | +212% |
| Q2 2026 | $929.2M | +12% |
| Q1 2026 | $769.8M | +12% |
| Q4 2025 | $871.9M | +18% |
| Q3 2025 | $872.9M | +4.7% |
| Q2 2025 | $832.9M | -8.6% |
| Q1 2025 | $687.4M | -15% |
| Q4 2024 | $739M | -8.5% |
WS's revenue has grown year over year for five quarters in a row: $2.7B last quarter, up 212% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2% | -3.5 points |
| Q2 2026 | -8% | -16 points |
| Q1 2026 | 0.4% | -2.3 points |
| Q4 2025 | 2.5% | -0.1 points |
| Q3 2025 | 5.5% | +0.3 points |
| Q2 2025 | 8% | +0.6 points |
| Q1 2025 | 2.7% | -5.6 points |
| Q4 2024 | 2.6% | +3.7 points |
WS's operating margin was 2% last quarter, down 3.5 points from the same quarter a year ago.
WS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$69M | -$33.3M |
| Q2 2026 | $7.8M | -7.1% |
| Q1 2026 | $33.3M | +32% |
| Q4 2025 | $74.6M | +125% |
| Q3 2025 | -$35.7M | -208% |
| Q2 2025 | $8.4M | +$17.6M |
| Q1 2025 | $25.2M | +13% |
| Q4 2024 | $33.2M | -73% |
WS usually generates cash, though not every quarter: the latest was −$69M, but it generated $47M over the past year.
WS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -800K shares |
| 1 year | -1.2% | -600K shares |
| 3 years | -0.1% | -25.1K shares |
WS has 50M diluted shares, down 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
WS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 19.9x | High |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.2x | Very low |
WS's net debt is about 20 years of its operating earnings (EBITDA), up from less than a year a year ago.
WS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 55.2 | Neutral |
WS's weekly RSI is 53 (neutral) and its Stochastic is 55 (neutral).
WS PE vs Basic Materials Sector
| Metric | WS | Sector median | Relative |
|---|---|---|---|
| PE | 212x | 19x | 1,039% above |
| PE % | 96 | 5 | 91 pts above |
WS has no meaningful PE right now: it lost money over the past year.
WS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.2 | 0.8% above |
| 20 week MA | $36.3 | 6.1% above |
| 50 week MA | $37.5 | 2.7% above |
| 100 week MA | $33.4 | 15% above |
WS is in an uptrend: it's above all four of its weekly moving averages, and 15% above its 100-week average.
WS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $22.2 | $28.1 | +27% |
| 2024 | $28.1 | $32.0 | +14% |
| 2025 | $32.0 | $36.0 | +13% |
| 2026 YTD | $36.0 | $38.5 | +6.9% |
WS has finished every year since 2023 higher, and it's up 6.9% so far in 2026.