Worthington Steel (WS) Operating Expenses (2022 - 2026)

Worthington Steel's (WS) quarterly Operating Expenses came in at $71.5 million in Q1 2026, up 28.83% year-on-year from $55.5 million in Q1 2025, and up 0.85% quarter-over-quarter from $70.9 million in Q4 2025.

Worthington Steel (WS) Operating Expenses (2022 - 2026) Analysis & Trends

Worthington Steel has disclosed Operating Expenses across 5 years of filings, most recently posting $71.5 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $71.5 million, up 28.83% year-over-year; the trailing twelve-month figure through Feb 2026 was $269.9 million (up 13.74% YoY), and the FY2025 annual result was $234.2 million, up 4.37% from the prior year.
  • Operating Expenses came in at $71.5 million for Q1 2026 at Worthington Steel, up from $70.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $71.5 million in Q1 2026 to a low of $46.4 million in Q4 2022.
  • The 5-year median for Operating Expenses is $56.2 million (2024), against an average of $58.4 million.
  • Across the five-year window, Operating Expenses decreased 4.87% in 2025 and increased 28.83% in 2026, its largest moves.
  • Worthington Steel's Operating Expenses stood at $46.4 million in 2022, then rose by 16.59% to $54.1 million in 2023, then increased by 12.94% to $61.1 million in 2024, then gained by 16.04% to $70.9 million in 2025, then increased by 0.85% to $71.5 million in 2026.
  • The last three Operating Expenses figures came in at $71.5 million (Q1 2026), $70.9 million (Q4 2025), and $66.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -390.27 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 378.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 175.22 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 3.66 Bn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 5.14 Bn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -423.40 Mn
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 71.50 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 14.01 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 71.50 Mn
Nov 30, 2025 70.90 Mn
Aug 31, 2025 66.90 Mn
May 31, 2025 60.60 Mn
Feb 28, 2025 55.50 Mn
Nov 30, 2024 61.10 Mn
Aug 31, 2024 57.00 Mn
May 31, 2024 63.70 Mn
Feb 29, 2024 52.80 Mn
Nov 30, 2023 54.10 Mn
Aug 31, 2023 53.80 Mn
May 31, 2023 53.10 Mn
Feb 28, 2023 49.70 Mn
Nov 30, 2022 46.40 Mn