In fiscal 2026, which ended May 31, 2026, Worthington Steel, Inc. generated $201.2 million of cash from operations, down 12.6% from the year before. It spent $121.2 million on capital expenditures. That left free cash flow of $80.0 million. The company returned $32.6 million in dividends to shareholders.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2027
Aug 31, 2026
|
FY 2026
May 31, 2026
|
FY 2025
May 31, 2025
|
FY 2024
May 31, 2024
|
|---|---|---|---|---|
| Operating | ||||
| Depreciation and amortization |
92
+30.8%
|
84
+27.6%
|
66
+1.1%
|
65
|
| Operating cash flow |
—
|
201
-12.6%
|
230
+15.4%
|
200
|
| Investing | ||||
| Capital expenditures |
155
+11.9%
|
121
-7.1%
|
130
+26.1%
|
103
|
| Investing cash flow |
—
|
-213
-65.3%
|
-129
-4.8%
|
-123
|
| Financing | ||||
| Debt issued |
1,584
|
38
+1556.5%
|
2
|
—
|
| Debt repaid |
662
|
22
|
0
|
0
|
| Dividends paid |
33
+2.2%
|
33
+2.2%
|
32
+303.8%
|
8
|
| Financing cash flow |
718
+7222.4%
|
3
+106.2%
|
-48
+29.5%
|
-69
|
| Change in cash | ||||
| Effect of exchange rate |
0
|
1
|
—
|
—
|
| Net change in cash |
170
+301.7%
|
-8
-115.7%
|
53
+602.7%
|
8
|
| Free cash flow |
—
|
80
-19.9%
|
100
+4.0%
|
96
|
| Per share | ||||
| Free cash flow per share |
—
|
1.57
-20.4%
|
1.98
+2.5%
|
1.93
|
| Dividend per share |
0.64
+0.0%
|
0.64
+0.0%
|
0.64
+100.0%
|
0.32
|
| Shareholder returns | ||||
| Returned to shareholders |
33
|
33
|
32
|
8
|
| Share of free cash flow |
—
|
40.75%
|
31.93%
|
8.22%
|
| Ratios | ||||
| Free cash flow margin |
—
|
2.32%
|
3.23%
|
2.80%
|
| Capital expenditures to revenue |
2.92%
|
3.52%
|
4.22%
|
3.01%
|
| Cash conversion |
—
|
23.67x
|
2.08x
|
1.29x
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (SIC 3310)
- Listed as
- WS (NYSE)
- Fiscal year ends
- May 31
- Incorporated in
- OH
- Headquarters
- Columbus, OH
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1968487
Other Steel Works, Blast Furnaces & Rolling & Finishing Mills companies
- Gerdau S.A. GGB
- Worthington Enterprises, Inc. WOR
- Gibraltar Industries, Inc. ROCK
- National Steel Co SID
- Insteel Industries Inc IIIN
- Friedman Industries Inc FRD
All 7 Steel Works, Blast Furnaces & Rolling & Finishing Mills companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.