Steelcase Inc.

NYSE:SCS Stock Report

Market Cap: US$1.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Steelcase Future Growth

Future criteria checks 3/6

Steelcase is forecast to grow earnings and revenue by 30.7% and 2.8% per annum respectively while EPS is expected to grow by 28.3% per annum.

Key information

30.7%

Earnings growth rate

28.27%

EPS growth rate

Commercial Services earnings growth13.6%
Revenue growth rate2.8%
Future return on equityn/a
Analyst coverage

Low

Last updated08 Dec 2025

Recent future growth updates

Recent updates

Seeking Alpha • Sep 25

Steelcase Continues To Justify A Bullish Outlook As Its Merger With HNI Nears

Summary Steelcase Inc. delivered a strong Q2 FY2026, beating revenue and adjusted EPS estimates, driven by robust international and corporate demand. SCS is being acquired by HNI Corporation in a cash and stock deal, limiting further upside but offering a discounted entry into HNI. Both SCS and HNI show attractive valuations and solid fundamentals, with SCS's recent results reinforcing the investment case for both firms. Given the merger structure, both SCS and HNI are rated Buy, with the optimal choice depending on expectations for HNI's future performance. Read the full article on Seeking Alpha
Analysis Article • Jul 08

Additional Considerations Required While Assessing Steelcase's (NYSE:SCS) Strong Earnings

Despite posting some strong earnings, the market for Steelcase Inc.'s ( NYSE:SCS ) stock hasn't moved much. Our...
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New Narrative • Jul 08

Steelcase's Potential 30% Upside in a Volatile Market

Normalized P/E: 15x (furniture industry median)
Analysis Article • Jun 29

Steelcase (NYSE:SCS) Will Pay A Dividend Of $0.10

Steelcase Inc. ( NYSE:SCS ) has announced that it will pay a dividend of $0.10 per share on the 21st of July. This...
Analysis Article • May 12

The Market Doesn't Like What It Sees From Steelcase Inc.'s (NYSE:SCS) Earnings Yet

With a price-to-earnings (or "P/E") ratio of 10.3x Steelcase Inc. ( NYSE:SCS ) may be sending bullish signals at the...
Seeking Alpha • Apr 28

Steelcase: Backlog Strength, Office Recovery, Diversification Efforts, And Low Valuation

Summary Steelcase Inc. has strong growth potential driven by improving order trends, a robust backlog, and diversification into healthcare, education, and SMB markets. Despite near-term margin headwinds from tariffs and ERP system implementation, cost reduction initiatives and pricing increases should support future margin expansion. The stock trades at a significant discount to its historical average, offering a compelling buy opportunity given its growth prospects and healthy dividend yield. Risks include dependency on large corporate customers, potential tariff impacts, and execution challenges with the new ERP system rollout. Read the full article on Seeking Alpha
Seeking Alpha • Apr 20

Steelcase: Cheap As Margin Concerns Build Up

Summary Steelcase is facing margin pressure. Against cost savings that have improved gross profit, Steelcase is experiencing SG&A inflation, weak international sales, and tariff uncertainty. While the sales outlook is weak internationally, Steelcase's sales prospects have improved in Americas through a currently rising "back-to-office" sentiment. Steelcase's stock is cheap, and I estimate 43% upside to a fair value of $13.95. The upside is uncertain, though. Read the full article on Seeking Alpha
Analysis Article • Mar 30

Steelcase (NYSE:SCS) Has Announced A Dividend Of $0.10

Steelcase Inc. ( NYSE:SCS ) has announced that it will pay a dividend of $0.10 per share on the 21st of April. This...
Analysis Article • Mar 24

Should You Investigate Steelcase Inc. (NYSE:SCS) At US$10.57?

Steelcase Inc. ( NYSE:SCS ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • Feb 04

Steelcase Inc.'s (NYSE:SCS) Price Is Right But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 11.4x Steelcase Inc. ( NYSE:SCS ) may be sending bullish signals at the...
Seeking Alpha • Jan 28

Steelcase: Boring Value For A Hot Market

Summary The return to office and revenue growth in office furniture has yet to really play out. Steelcase has improved margins and its balance sheet considerably anyway, appears to be taking market share, and its stock is cheap. Should a return to growth materialize, the stock will do very well. Should we be stuck here, a 3.5% dividend and a 6x EV/EBITDA multiple are not the worst places to be stuck. The next recession seems unlikely to be worse for # of office workers than the previous recession (the pandemic period). Read the full article on Seeking Alpha
Seeking Alpha • Dec 29

Steelcase: Trying To Position Away From Corporate Offices

Summary Steelcase reported stronger growth in Q3 due to stronger shipment timings, but expects to return back to weak organic growth in Q4. The company is trying to diversify its customer base away from corporate customers, as remote work seems to have taken share of Steelcase's market. SCS stock is priced with a fair margin of safety even with expectations of mediocre earnings growth. Read the full article on Seeking Alpha
Analysis Article • Dec 24

Steelcase (NYSE:SCS) Has Affirmed Its Dividend Of $0.10

Steelcase Inc.'s ( NYSE:SCS ) investors are due to receive a payment of $0.10 per share on 13th of January. Based on...
Analysis Article • Dec 16

Steelcase (NYSE:SCS) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 26

With EPS Growth And More, Steelcase (NYSE:SCS) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Oct 30

Is Steelcase Inc. (NYSE:SCS) Potentially Undervalued?

Steelcase Inc. ( NYSE:SCS ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article • Oct 04

Is There An Opportunity With Steelcase Inc.'s (NYSE:SCS) 35% Undervaluation?

Key Insights The projected fair value for Steelcase is US$19.36 based on 2 Stage Free Cash Flow to Equity Steelcase's...
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New Narrative • Sep 24

Navigating New Markets And Hybrid Work Trends Fuels Revenue And Shapes Future Growth

Diversification into education, healthcare, and government sectors is poised to enhance future revenue, reducing dependency on a single market.
Seeking Alpha • Sep 19

Steelcase: A Value Play, Especially After Its Recent Dip

Summary Steelcase Inc.'s stock dropped 5.7% despite higher-than-expected earnings, due to revenue falling short and weak third-quarter guidance. Despite mixed financial results, Steelcase shares remain cheap on an absolute basis and relative to some peers, justifying a continued “buy” rating. Management expects modest revenue growth but lower earnings per share for the third quarter, yet remains optimistic about annual adjusted earnings. Steelcase's attractiveness is bolstered by stock repurchases and dividends, indicating management's confidence in the company's value. Read the full article on Seeking Alpha
Analysis Article • Sep 09

Investors Aren't Entirely Convinced By Steelcase Inc.'s (NYSE:SCS) Earnings

With a median price-to-earnings (or "P/E") ratio of close to 17x in the United States, you could be forgiven for...
Seeking Alpha • Sep 04

Steelcase: Uncertainty In The Economy Keeps Me At Bay

Summary Steelcase Inc. has shown a 57% share price increase in one year. The company's financials show recovery since FY22, but revenue growth and debt reduction remain concerns. The economic outlook, including high interest rates and potential recession, adds caution to starting a position in Steelcase Inc. Valuation suggests Steelcase is slightly expensive; I prefer to wait for clearer economic signals before investing. Read the full article on Seeking Alpha
Analysis Article • Jul 15

Is Now The Time To Put Steelcase (NYSE:SCS) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jun 23

Steelcase (NYSE:SCS) Will Pay A Dividend Of $0.10

Steelcase Inc.'s ( NYSE:SCS ) investors are due to receive a payment of $0.10 per share on 15th of July. This makes the...
Analysis Article • Jun 22

We Think Steelcase (NYSE:SCS) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 07

Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching

Steelcase Inc. ( NYSE:SCS ), might not be a large cap stock, but it received a lot of attention from a substantial...
Seeking Alpha • Jun 05

Steelcase: Only Modest Upside Remains

Summary Steelcase long-term growth has been mediocre, and remote work now further threatens long-term demand. While the company currently faces some pressure from the macroeconomic environment, Steelcase is relatively stable and works with different demand trends than consumer-oriented furnishings companies. A recovery should aid demand and margins slightly, but a recovery into the pre-pandemic level seems to need pricing and cost savings initiatives that Steelcase has started. Considering the long-term growth trend and weak margins, the stock's current valuation seems balanced, with some upside if margin initiatives are successfully implemented and sales jump slightly. Read the full article on Seeking Alpha
Analysis Article • May 24

What You Can Learn From Steelcase Inc.'s (NYSE:SCS) P/E

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Analysis Article • Mar 27

Steelcase's (NYSE:SCS) Solid Earnings Have Been Accounted For Conservatively

The market seemed underwhelmed by last week's earnings announcement from Steelcase Inc. ( NYSE:SCS ) despite the...
Analysis Article • Mar 24

Steelcase's (NYSE:SCS) Dividend Will Be $0.10

The board of Steelcase Inc. ( NYSE:SCS ) has announced that it will pay a dividend of $0.10 per share on the 15th of...
Analysis Article • Mar 23

Steelcase (NYSE:SCS) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Mar 08

Steelcase: A Challenging Turnaround Case

Summary Steelcase is undergoing a turnaround, with minimal revenue growth and declining returns over the past 11 years. The office furniture sector is not a high-growth industry, but Steelcase has managed to control its SGA margins and shows signs of improving its contribution margin. Apart from being financially sound, the company has a 30% margin of safety based on its EPV, making it a worthwhile investment opportunity. Read the full article on Seeking Alpha
Analysis Article • Feb 12

Steelcase Inc.'s (NYSE:SCS) Intrinsic Value Is Potentially 31% Above Its Share Price

Key Insights Steelcase's estimated fair value is US$16.95 based on 2 Stage Free Cash Flow to Equity Steelcase is...
Analysis Article • Jan 26

Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching

Steelcase Inc. ( NYSE:SCS ), is not the largest company out there, but it led the NYSE gainers with a relatively large...

Earnings and Revenue Growth Forecasts

NYSE:SCS - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/28/20273,3971411932194
2/28/20263,2911003613
8/29/20253,25992-3717N/A
5/30/20253,2181191867N/A
2/28/20253,166117101149N/A
11/22/20243,153111160205N/A
8/23/20243,136122179227N/A
5/24/20243,13587191238N/A
2/23/20243,16078262309N/A
11/24/20233,18673286339N/A
8/25/20233,23554241295N/A
5/26/20233,2444799156N/A
2/24/20233,233343089N/A
11/25/20223,18417-100-42N/A
8/26/20223,09515-173-115N/A
5/27/20222,95720-150-94N/A
2/25/20222,7734-163-103N/A
11/26/20212,69712-86-31N/A
8/27/20212,5765-97-42N/A
5/28/20212,670354495N/A
2/26/20212,596262465N/A
11/27/20202,86584123179N/A
8/28/20203,203136304363N/A
5/29/20203,382141270338N/A
2/28/20203,724196287361N/A
11/22/20193,690153230304N/A
8/23/20193,636136N/A212N/A
5/24/20193,514124N/A178N/A
2/22/20193,443124N/A131N/A
11/23/20183,304101N/A178N/A
8/24/20183,17590N/A166N/A
5/25/20183,07478N/A160N/A
2/23/20183,05679N/A227N/A
11/24/20173,052104N/A162N/A
8/25/20173,066120N/A173N/A
5/26/20173,049121N/A186N/A
2/24/20173,032122N/A171N/A
11/25/20163,011173N/A160N/A
8/26/20163,012167N/A153N/A
5/27/20163,073166N/A157N/A
2/26/20163,060167N/A186N/A
11/27/20153,062113N/A207N/A
8/28/20153,07490N/A154N/A
5/29/20153,04284N/A121N/A
2/27/20153,06085N/A84N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCS's forecast earnings growth (30.7% per year) is above the savings rate (3.3%).

Earnings vs Market: SCS's earnings (30.7% per year) are forecast to grow faster than the US market (16.2% per year).

High Growth Earnings: SCS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SCS's revenue (2.8% per year) is forecast to grow slower than the US market (10.7% per year).

High Growth Revenue: SCS's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SCS's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/10 11:33
End of Day Share Price 2025/12/09 00:00
Earnings2025/08/29
Annual Earnings2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Steelcase Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chen YangBerenberg
David MacGregorLongbow Research LLC
Joseph GomesNOBLE Capital Markets, Inc.