Worthington Steel, Inc.

NYSE:WS Stock Report

Market Cap: US$2.1b

Worthington Steel Future Growth

Future criteria checks 1/6

Worthington Steel is forecast to grow earnings and revenue by 7.8% and 2.9% per annum respectively while EPS is expected to grow by 7.8% per annum.

Key information

7.8%

Earnings growth rate

7.83%

EPS growth rate

Metals and Mining earnings growth13.5%
Revenue growth rate2.9%
Future return on equityn/a
Analyst coverage

Low

Last updated26 Mar 2026

Recent future growth updates

Analysis Article • Jun 29

Worthington Steel, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Shareholders will be ecstatic, with their stake up 31% over the past week following Worthington Steel, Inc. 's...

Recent updates

Narrative Update • May 13

WS: Fair Value Will Hold With Refined Risk And Earnings Assumptions

Analysts have maintained their $38.00 price target for Worthington Steel, with the slight tweaks to discount rate, revenue growth, profit margin assumptions and future P/E reflecting updated views on the company’s risk profile and earnings power rather than a change in overall valuation. Valuation Changes Fair Value: unchanged at $38.00 per share, with the updated figure now shown to two decimal places.
Narrative Update • Apr 22

WS: Stable Fair Value With Slightly Lower Discount Rate And Higher P/E

Analysts have adjusted their price target for Worthington Steel to $38.00, reflecting updated assumptions around the discount rate and future P/E while keeping fair value estimates steady. Valuation Changes Fair Value: Kept steady at $38.0, indicating no change in the underlying fair value estimate.
Seeking Alpha • Apr 07

Worthington Steel: Growing Bigger, Becoming More Uncertain

Summary Worthington Steel faces heightened volatility and caution following its $2.4B Kloeckner acquisition announcement. The deal triples Worthington´s revenues to $9.5B but raises pro forma leverage to 4.0x, with lower-margin European operations adding integration complexity. Synergies of $150M are targeted, but achieving them is critical as Kloeckner's margins lag Worthington Steel's, and acceptance rates were barely met. I remain very cautious on Worthington Steel; the risk-reward is unattractive given leverage, integration challenges, and uncertain economic conditions. Read the full article on Seeking Alpha
Narrative Update • Apr 06

WS: Higher Discount Rate And Lower P/E Assumptions Will Support Future Upside

Analysts have trimmed their price target for Worthington Steel from $47 to $38, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that collectively point to a more cautious valuation framework. Valuation Changes Fair Value: reduced from $47 to $38, a cut of about 19% in the modeled valuation.
Narrative Update • Mar 22

WS: Stable Assumptions And Firm P/E Outlook Will Support Future Upside

Analysts have maintained their $47.00 price target for Worthington Steel, citing largely unchanged assumptions for discount rate, revenue growth, profit margin, and future P/E ratio, which together support a consistent view of the stock's valuation. Valuation Changes Fair Value: remains at $47.00, reflecting an unchanged central valuation point.
Narrative Update • Mar 07

WS: Local Impairment Will Be Contained While Higher P/E Expectations Will Support Upside

The analyst price target for Worthington Steel has been reaffirmed at $47.00. Analysts cite largely unchanged assumptions around fair value, revenue growth, profit margin, and future P/E, along with a modest adjustment to the discount rate, as the basis for maintaining their view.
Narrative Update • Feb 20

WS: Localized Impairment Will Be Managed While Keeping Outlook And P/E Expectations Balanced

Analysts have kept their price target for Worthington Steel steady at $47.00. This reflects only very small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, rather than any major shift in their overall view.
Narrative Update • Feb 06

WS: Higher Future P/E Will Offset Localized Impairment While Keeping Outlook Balanced

Analysts have revised their price target on Worthington Steel to $47 from $41, citing updated fair value assumptions, a slightly lower discount rate, and a higher future P/E multiple in their models. What's in the News Worthington Steel, Inc.
Analysis Article • Jan 30

Worthington Steel (NYSE:WS) Is Paying Out A Dividend Of $0.16

Worthington Steel, Inc. ( NYSE:WS ) will pay a dividend of $0.16 on the 27th of March. This means the annual payment...
Narrative Update • Jan 23

WS: Higher Future P/E Will Balance Impairment Charge And Margin Headwinds

Analysts have raised their price target on Worthington Steel to reflect an updated fair value of $41.00, supported by slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News Worthington Steel, Inc.
Analysis Article • Jan 16

Worthington Steel (NYSE:WS) Has Affirmed Its Dividend Of $0.16

Worthington Steel, Inc.'s ( NYSE:WS ) investors are due to receive a payment of $0.16 per share on 27th of March. This...
Narrative Update • Jan 07

WS: Higher Future P/E Will Offset Modest Margin Headwinds

Analysts have lifted their price target on Worthington Steel from $39 to $41, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change. What's in the News Worthington Steel, Inc.
Analysis Article • Dec 28

Worthington Steel (NYSE:WS) Has Affirmed Its Dividend Of $0.16

The board of Worthington Steel, Inc. ( NYSE:WS ) has announced that it will pay a dividend of $0.16 per share on the...
Analysis Article • Dec 26

Worthington Steel's (NYSE:WS) Soft Earnings Are Actually Better Than They Appear

The market for Worthington Steel, Inc.'s ( NYSE:WS ) shares didn't move much after it posted weak earnings recently. We...
Narrative Update • Dec 16

WS: Faster Revenue And Higher Multiple Will Offset Rising Discount Rate

Analysts have raised their price target on Worthington Steel from 36 dollars to 39 dollars, citing expectations for faster revenue growth and a higher future earnings multiple despite slightly lower projected profit margins and a higher discount rate. Valuation Changes The consensus analyst price target has risen slightly from 36 dollars to 39 dollars, reflecting a modest upward revision in perceived fair value.
Analysis Article • Dec 01

Worthington Steel's (NYSE:WS) Dividend Will Be $0.16

Worthington Steel, Inc. ( NYSE:WS ) will pay a dividend of $0.16 on the 26th of December. The dividend yield is 1.9...
Analysis Article • Oct 18

Worthington Steel (NYSE:WS) Is Due To Pay A Dividend Of $0.16

Worthington Steel, Inc.'s ( NYSE:WS ) investors are due to receive a payment of $0.16 per share on 26th of December...
Narrative Update • Sep 17

Electrical Steel And AI Demand Will Spur Market Expansion

The upward revision in Worthington Steel’s price target is primarily driven by an increase in its forward P/E multiple, raising the consensus fair value from $34.00 to $36.00. Valuation Changes Summary of Valuation Changes for Worthington Steel The Consensus Analyst Price Target has risen from $34.00 to $36.00.
Analysis Article • Sep 09

Worthington Steel (NYSE:WS) May Have Issues Allocating Its Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Analysis Article • Aug 18

Worthington Steel (NYSE:WS) Is Due To Pay A Dividend Of $0.16

Worthington Steel, Inc.'s ( NYSE:WS ) investors are due to receive a payment of $0.16 per share on 26th of September...
Analysis Article • Jul 12

Further Upside For Worthington Steel, Inc. (NYSE:WS) Shares Could Introduce Price Risks After 30% Bounce

Worthington Steel, Inc. ( NYSE:WS ) shares have continued their recent momentum with a 30% gain in the last month...
Analysis Article • Jun 29

Worthington Steel, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Shareholders will be ecstatic, with their stake up 31% over the past week following Worthington Steel, Inc. 's...
Analysis Article • Jun 11

Worthington Steel (NYSE:WS) Is Due To Pay A Dividend Of $0.16

The board of Worthington Steel, Inc. ( NYSE:WS ) has announced that it will pay a dividend of $0.16 per share on the...
Analysis Article • May 13

Worthington Steel's (NYSE:WS) Returns On Capital Tell Us There Is Reason To Feel Uneasy

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article • Apr 08

Is Worthington Steel (NYSE:WS) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Seeking Alpha • Mar 27

Worthington Steel: Tariff Woes Are A Concern, But The Firm Is A Buy Nonetheless

Summary Worthington Steel's stock has fallen 18% since December due to economic concerns and weak fundamentals, but long-term investors should consider it a buy due to its cheap valuation. The company's Q3 2025 revenue dropped 14.7% year-over-year, driven by a 10.6% decline in volume and lower pricing. Tariffs pose risks, especially to the automotive sector, but Worthington Steel's localized sales strategy helps mitigate some of these impacts. Despite short-term challenges, the stock remains attractive for long-term investors due to its low valuation and potential recovery in demand and pricing. Read the full article on Seeking Alpha
Analysis Article • Mar 06

Worthington Steel (NYSE:WS) Will Pay A Dividend Of $0.16

Worthington Steel, Inc.'s ( NYSE:WS ) investors are due to receive a payment of $0.16 per share on 28th of March. Based...
Analysis Article • Jan 19

Returns On Capital At Worthington Steel (NYSE:WS) Have Stalled

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
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New Narrative • Dec 22

Acquisition Of Sitem Group Will Expand European Presence And Drive Growth In EV Market

The acquisition of Sitem Group is set to boost Worthington Steel's Europe presence and electrical steel lamination business, supporting growth in the EV market.
Seeking Alpha • Dec 20

The Plunge In Worthington Steel Represents A Buying Opportunity

Summary Despite a recent 14.4% plunge, I maintain a 'buy' rating on Worthington Steel due to its attractive long-term outlook and strategic growth initiatives. The company reported disappointing Q2 2025 results, with revenue dropping 8.5% year-over-year and missing analysts' expectations by $40.5 million. Worthington Steel's strategic investments in lightweighting, electrical steel, and acquisitions like Sitem Group aim to boost margins and future growth. WS stock is attractively priced on an absolute basis, and long-term value investors should see potential upside despite recent market displeasure. Read the full article on Seeking Alpha
Analysis Article • Nov 08

We Think Worthington Steel (NYSE:WS) Can Manage Its Debt With Ease

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

Worthington Steel: Shares Fall Despite Exceeding Q1 Estimates

Summary Worthington Steel shares dropped 6.5% despite exceeding financial forecasts due to weak industry conditions and cautious market sentiment. The company, recently split from Worthington Enterprises, has significant operations in North America and focuses heavily on the automotive market. Financial results show mixed performance with declining volumes and steel prices, yet management exceeded analyst estimates. Given the relative valuation and industry volatility, a very soft 'buy' rating is appropriate for WS stock at this time. Read the full article on Seeking Alpha
Analysis Article • Jul 01

These 4 Measures Indicate That Worthington Steel (NYSE:WS) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 11

Worthington Steel, Inc. (NYSE:WS) Looks Inexpensive But Perhaps Not Attractive Enough

You may think that with a price-to-sales (or "P/S") ratio of 0.5x Worthington Steel, Inc. ( NYSE:WS ) is a stock worth...

Earnings and Revenue Growth Forecasts

NYSE:WS - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
5/31/20283,856162N/AN/A1
5/31/20273,6641451522102
5/31/20263,507116621641
2/28/20263,34812281210N/A
11/30/20253,26512573201N/A
8/31/20253,13211931169N/A
5/31/20253,093111100230N/A
2/28/20253,17110882212N/A
11/30/20243,29014379203N/A
8/31/20243,359125167275N/A
5/31/20243,43115596200N/A
2/29/20243,404169176243N/A
11/30/20233,379125261317N/A
8/31/20233,439115228280N/A
5/31/20233,60887270315N/A
5/31/20224,069180340N/A
5/31/20212,127171124153N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WS's forecast earnings growth (7.8% per year) is above the savings rate (3.5%).

Earnings vs Market: WS's earnings (7.8% per year) are forecast to grow slower than the US market (16.7% per year).

High Growth Earnings: WS's earnings are forecast to grow, but not significantly.

Revenue vs Market: WS's revenue (2.9% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: WS's revenue (2.9% 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 WS'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 Analysis2026/05/15 07:12
End of Day Share Price 2026/05/15 00:00
Earnings2026/02/28
Annual Earnings2025/05/31

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

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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

Worthington Steel, Inc. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philip GibbsKeyBanc Capital Markets Inc.
Martin EnglertSeaport Research Partners