Worthington Steel (WS) Gross Margin (2022 - 2026)

Worthington Steel's (WS) quarterly Gross Margin came in at 9.89% in Q1 2026, down 193.0% year-on-year from 10.63% in Q1 2025, and down 7.52% quarter-over-quarter from 10.69% in Q4 2025.

Worthington Steel (WS) Gross Margin (2022 - 2026) Analysis & Trends

Worthington Steel has disclosed Gross Margin across 5 years of filings, most recently posting 9.89% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 9.89%, down 193.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 12.29% (down 9.0% YoY), and the FY2025 annual result was 12.56%, down 26.0% from the prior year.
  • Gross Margin came in at 9.89% for Q1 2026 at Worthington Steel, down from 10.69% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 16.99% in Q2 2023 to a low of 3.97% in Q4 2022.
  • The 5-year median for Gross Margin is 11.93% (2024), against an average of 11.69%.
  • Across the five-year window, Gross Margin jumped 681 bps in 2024 and sank 309 bps in 2025, its largest moves.
  • Worthington Steel's Gross Margin stood at 3.97% in 2022, then jumped by 88 bps to 7.45% in 2023, then surged by 45 bps to 10.83% in 2024, then retreated by 1 bps to 10.69% in 2025, then declined by 8 bps to 9.89% in 2026.
  • The last three Gross Margin figures came in at 9.89% (Q1 2026), 10.69% (Q4 2025), and 13.2% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn 17.46%
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 15.81%
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 14.66%
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 29.11%
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -1.67%
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -42.64%
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn 23.79%
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 9.89%
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 19.29%

Historic Data

Download Data
DateValue
Feb 28, 2026 9.89%
Nov 30, 2025 10.69%
Aug 31, 2025 13.20%
May 31, 2025 15.25%
Feb 28, 2025 11.81%
Nov 30, 2024 10.83%
Aug 31, 2024 12.04%
May 31, 2024 14.38%
Feb 29, 2024 14.90%
Nov 30, 2023 7.45%
Aug 31, 2023 14.19%
May 31, 2023 16.99%
Feb 28, 2023 8.10%
Nov 30, 2022 3.97%