WORTHINGTON STEEL, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $3.44B | $3.09B | $3.43B | $3.61B | $4.07B |
| Cost of Revenue | $3.04B | $2.70B | $2.99B | $3.27B | $3.67B |
| Gross Profit | $403.3M | $388.6M | $439.8M | $336.5M | $395.5M |
| Gross Margin | 11.7% | 12.6% | 12.8% | 9.3% | 9.7% |
| Operating Expenses | |||||
| Research & Development | — | — | — | — | — |
| SG&A Expense | $297.4M | $231.6M | $224.4M | $200.8M | $180.3M |
| Operating Income | $-1.4M | $147.0M | $194.5M | $120.3M | $226.6M |
| Operating Margin | 0.0% | 4.8% | 5.7% | 3.3% | 5.6% |
| Interest Expense | — | $7.1M | $6.0M | $3.0M | $3.0M |
| Pretax Income | $7.1M | $148.1M | $216.2M | $128.7M | $254.3M |
| Income Tax Expense | $20.0M | $28.8M | $46.1M | $29.0M | $54.0M |
| Net Income | $8.5M | $110.7M | $154.7M | $87.1M | $180.4M |
| Net Margin | 0.2% | 3.6% | 4.5% | 2.4% | 4.4% |
| EPS (Basic) | $0.17 | $2.24 | $3.14 | $1.77 | $3.66 |
| EPS (Diluted) | $0.17 | $2.19 | $3.11 | $1.77 | $3.66 |
| Shares Outstanding (Basic) | 49.8M | 49.5M | 49.3M | 49.3M | 49.3M |
| Shares Outstanding (Diluted) | 50.8M | 50.5M | 49.8M | 49.3M | 49.3M |
| Dividends Per Share | $0.64 | $0.64 | $0.32 | — | — |