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