# WORTHINGTON STEEL, INC. (WS) · Edgar & Edgarette company card

> Worthington Steel (WS) grew revenue 11.3% in FY2026 to $3.4 billion, operating margin -0.0% against a 6.8% median for steel works, blast furnaces & rolling & finishing mills, equity 47.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1968487 · fiscal year ended 2026-05-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WS) · [JSON](https://www.pops4.com/boards/company/WS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.4B |
| Revenue growth, 1 year | 11.3% |
| Revenue growth per year | -4.1% |
| Operating margin | -0.0% (prior year 4.8%) |
| Net margin | -0.4% |
| Operating cash flow | $201M |
| Capital spending | $121M |
| Free cash flow | $80M |
| Cash | $85M |
| Long-term debt | $71M |
| Total assets | $2.3B |
| Total equity | $1.1B |
| Equity ÷ assets | 47.2% |
| Return on equity | -1.2% |
| Dividend per share | $0.64 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 2.36 (grey zone)
- Piotroski F: 2 of 9 (weak)
- Beneish M: -2.79 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -0.0% in FY2026
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $3.4B (FY2026), total debt $71.4M. Experience: revenue up 11.3% on the year, down 4.1% a year over 4 years; operating margin -0.0%, down from 4.8%. Soundness: equity 47.2% of assets, return on equity -1.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.1B and $4.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.8B to $4.5B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -0.0% against a 6.8% median; growth 11.3% against 5.7%.

Range logged 2026-09-25, receipt 72b1fce7e2b9356e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-06-25 ([filing](https://www.sec.gov/Archives/edgar/data/1968487/000196848726000015/0001968487-26-000015-index.htm))

## Recent filings

- 8-K · filed 2026-10-23 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000119312526429847/0001193125-26-429847-index.htm)
- 8-K · filed 2026-10-21 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000119312526427201/0001193125-26-427201-index.htm)
- 10-Q · filed 2026-10-13 · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000196848726000036/0001968487-26-000036-index.htm)
- 8-K · filed 2026-10-07 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000196848726000032/0001968487-26-000032-index.htm)
- 8-K · filed 2026-09-24 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000196848726000029/0001968487-26-000029-index.htm)
- 8-K · filed 2026-09-08 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1968487/000119312526385371/0001193125-26-385371-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001968487.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1968487

## Cite

POPS4, Edgar & Edgarette: WORTHINGTON STEEL, INC. (WS) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/WS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.