Worthington Steel, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Worthington Steel, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $3.09B | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $3.43B | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $3.61B | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $4.07B | Aug 2, 2024 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $3.09B | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $3.43B | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $3.61B | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $4.07B | Aug 2, 2024 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $388.60M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $439.80M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $336.50M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $395.50M | Aug 2, 2024 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $110.70M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $154.70M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $87.10M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $180.40M | Aug 2, 2024 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $147.00M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $194.50M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $120.30M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $226.60M | Aug 2, 2024 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $231.60M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $224.40M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $200.80M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $180.30M | Aug 2, 2024 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $230.30M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $199.50M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $315.00M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $39.50M | Aug 2, 2024 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $130.40M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $103.40M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $45.50M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $36.40M | Aug 2, 2024 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $1.96B | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $1.87B | Jul 29, 2025 |
| FY2024 | May 31, 2023 | $1.76B | Aug 2, 2024 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $763.90M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $748.90M | Jul 29, 2025 |
| FY2024 | May 31, 2023 | $609.80M | Aug 2, 2024 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $1.07B | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $985.30M | Jul 29, 2025 |
| FY2024 | May 31, 2023 | $1.03B | Aug 2, 2024 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $79.60M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $79.60M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $78.60M | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $80.00M | Aug 2, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $164.20M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $86.10M | Jul 29, 2025 |
| FY2024 | May 31, 2023 | $0 | Aug 2, 2024 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $38.00M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $40.20M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $32.70M | Jul 29, 2025 |
| FY2025 | May 31, 2022 | $20.10M | Jul 29, 2025 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $151.50M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $0 | Jul 29, 2025 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | 2 | Jul 29, 2025 |
| FY2025 | May 31, 2024 | 3 | Jul 29, 2025 |
| FY2025 | May 31, 2023 | 1 | Jul 29, 2025 |
| FY2024 | May 31, 2022 | 3 | Aug 2, 2024 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | 2 | Jul 29, 2025 |
| FY2025 | May 31, 2024 | 3 | Jul 29, 2025 |
| FY2025 | May 31, 2023 | 1 | Jul 29, 2025 |
| FY2024 | May 31, 2022 | 3 | Aug 2, 2024 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | 49.55M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | 49.33M | Jul 29, 2025 |
| FY2024 | May 31, 2023 | 100 | Aug 2, 2024 |
| FY2025 | Feb 28, 2023 | 100 | Jul 29, 2025 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $31.90M | Jul 29, 2025 |
| FY2025 | May 31, 2024 | $7.90M | Jul 29, 2025 |
| FY2025 | May 31, 2023 | $0 | Jul 29, 2025 |
| FY2024 | May 31, 2022 | $0 | Aug 2, 2024 |