Worthington Steel, Inc. (WS) FY2025 10-K Annual Report

Filed: Jul 29, 2025
Materials
Steel Works, Blast Furnaces & Rolling & Finishing MillsSEC EDGAR

Worthington Steel, Inc. (WS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 29, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Worthington Steel, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Value-added processor of carbon flat-rolled steel with services spanning precision steel processing, electrical steel laminations, and tailor welded products for multiple end markets
  • New acquisition: 52% controlling equity stake in Italy-based Sitem Group, expanding presence in Europe post fiscal 2025 close on June 3, 2025
+3 more insights

Management Discussion & Analysis

  • Revenue $3,093.3M in fiscal 2025, down $337.3M (10%) YoY due to 6% lower direct selling prices and 5% lower volume (3.79M tons vs 4.01M tons)
  • Gross margin 12.6% ($388.6M) vs 12.8% ($439.8M); decreased $51.2M due to lower volume and $6.1M unfavorable direct spreads
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Risk Factors

  • Regulatory risk Sarbanes-Oxley Act Section 404 compliance, material weaknesses could trigger SEC investigations and harm share price
  • Geopolitical risk Ukraine war impact on European financial sector causing global growth uncertainty and credit market volatility
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Worthington Steel, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$3.1B

-9.8% YoY

Net Income

$111M

-28.4% YoY

Gross Margin

12.6%

-26bp YoY

Operating Margin

4.8%

-92bp YoY

Net Margin

3.6%

-93bp YoY

ROE

10.3%

-539bp YoY

Total Assets

$2.0B

+5.1% YoY

EPS (Diluted)

$2.19

-29.6% YoY

Operating Cash Flow

$230M

+15.4% YoY

Source: XBRL data from Worthington Steel, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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