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| Date | Value |
|---|---|
| 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% |