Worthington Industries Inc
Worthington Enterprises, Inc. operates as an industrial manufacturing company. It operates through two segments, Consumer Products and Building Products. The Consumer Products segment provides products in the tools, outdoor living, and celebrations end markets. The segment's products include hand-held torches, micro torches, lighters, accessories, and fuel for constructing, fixing making, and cre… Read more
Worthington Industries Inc (WOR) - Net Assets
Latest net assets as of November 2025: $963.02 Million USD
Based on the latest financial reports, Worthington Industries Inc (WOR) has net assets worth $963.02 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.75 Billion) and total liabilities ($790.31 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $963.02 Million |
| % of Total Assets | 54.93% |
| Annual Growth Rate | 3.63% |
| 5-Year Change | -39.53% |
| 10-Year Change | 2.0% |
| Growth Volatility | 15.63 |
Worthington Industries Inc - Net Assets Trend (1986–2025)
This chart illustrates how Worthington Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Worthington Industries Inc (1986–2025)
The table below shows the annual net assets of Worthington Industries Inc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $938.24 Million | +5.30% |
| 2024-05-31 | $891.01 Million | -51.09% |
| 2023-05-31 | $1.82 Billion | +12.87% |
| 2022-05-31 | $1.61 Billion | +4.01% |
| 2021-05-31 | $1.55 Billion | +60.56% |
| 2020-05-31 | $966.43 Million | +1.90% |
| 2019-05-31 | $948.39 Million | -8.49% |
| 2018-05-31 | $1.04 Billion | -3.50% |
| 2017-05-31 | $1.07 Billion | +16.75% |
| 2016-05-31 | $919.85 Million | +9.50% |
| 2015-05-31 | $840.05 Million | -11.09% |
| 2014-05-31 | $944.88 Million | +8.33% |
| 2013-05-31 | $872.24 Million | +16.70% |
| 2012-05-31 | $747.44 Million | +0.91% |
| 2011-05-31 | $740.70 Million | -1.24% |
| 2010-05-31 | $750.03 Million | +0.95% |
| 2009-05-31 | $742.96 Million | -19.90% |
| 2008-05-31 | $927.54 Million | -5.86% |
| 2007-05-31 | $985.32 Million | -0.95% |
| 2006-05-31 | $994.75 Million | +15.15% |
| 2005-05-31 | $863.84 Million | +19.59% |
| 2004-05-31 | $722.35 Million | +13.52% |
| 2003-05-31 | $636.29 Million | -1.73% |
| 2002-05-31 | $647.47 Million | -7.40% |
| 2001-05-31 | $699.20 Million | -3.82% |
| 2000-05-31 | $726.94 Million | -1.42% |
| 1999-05-31 | $737.40 Million | -10.37% |
| 1998-05-31 | $822.70 Million | +13.57% |
| 1997-05-31 | $724.40 Million | +13.28% |
| 1996-05-31 | $639.50 Million | +8.33% |
| 1995-05-31 | $590.30 Million | +17.15% |
| 1994-05-31 | $503.90 Million | +16.35% |
| 1993-05-31 | $433.10 Million | +11.42% |
| 1992-05-31 | $388.70 Million | +9.49% |
| 1991-05-31 | $355.00 Million | +3.08% |
| 1990-05-31 | $344.40 Million | +7.46% |
| 1989-05-31 | $320.50 Million | +11.98% |
| 1988-05-31 | $286.20 Million | +9.70% |
| 1987-05-31 | $260.90 Million | +11.69% |
| 1986-05-31 | $233.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Worthington Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 265.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $624.53 Million | 66.64% |
| Other Comprehensive Income | $4.05 Million | 0.43% |
| Other Components | $308.61 Million | 32.93% |
| Total Equity | $937.19 Million | 100.00% |
Worthington Industries Inc Competitors by Market Cap
The table below lists competitors of Worthington Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningxia Jiaze Renewables Corp
SHG:601619
|
$1.49 Billion |
|
NAPCO Security Technologies Inc
NASDAQ:NSSC
|
$1.49 Billion |
|
NRW Holdings Ltd
AU:NWH
|
$1.49 Billion |
|
Sejahteraraya Anugrahjaya Tbk
JK:SRAJ
|
$1.49 Billion |
|
ShenZhen YUTO Packaging Technology Co Ltd
SHE:002831
|
$1.49 Billion |
|
Shenzhen Kstar Science & Technology Co Ltd
SHE:002518
|
$1.49 Billion |
|
Financière Amuse TopCo SAS
ST:ASMDEE-B
|
$1.49 Billion |
|
LuxNet
TWO:4979
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Worthington Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 888,879,000 to 937,187,000, a change of 48,308,000 (5.4%).
- Net income of 96,053,000 contributed positively to equity growth.
- Dividend payments of 33,903,000 reduced retained earnings.
- Share repurchases of 30,883,000 reduced equity.
- Other comprehensive income increased equity by 3,596,000.
- Other factors increased equity by 13,445,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $96.05 Million | +10.25% |
| Dividends Paid | $33.90 Million | -3.62% |
| Share Repurchases | $30.88 Million | -3.3% |
| Other Comprehensive Income | $3.60 Million | +0.38% |
| Other Changes | $13.45 Million | +1.43% |
| Total Change | $- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares Worthington Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.33x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-05-31 | $2.50 | $48.39 | x |
| 1987-05-31 | $2.79 | $48.39 | x |
| 1988-05-31 | $3.11 | $48.39 | x |
| 1989-05-31 | $3.49 | $48.39 | x |
| 1990-05-31 | $3.82 | $48.39 | x |
| 1991-05-31 | $3.98 | $48.39 | x |
| 1992-05-31 | $4.41 | $48.39 | x |
| 1993-05-31 | $4.84 | $48.39 | x |
| 1994-05-31 | $5.54 | $48.39 | x |
| 1995-05-31 | $6.51 | $48.39 | x |
| 1996-05-31 | $6.65 | $48.39 | x |
| 1997-05-31 | $7.36 | $48.39 | x |
| 1998-05-31 | $8.05 | $48.39 | x |
| 1999-05-31 | $7.41 | $48.39 | x |
| 2000-05-31 | $7.60 | $48.39 | x |
| 2001-05-31 | $7.59 | $48.39 | x |
| 2002-05-31 | $7.06 | $48.39 | x |
| 2003-05-31 | $7.35 | $48.39 | x |
| 2004-05-31 | $7.82 | $48.39 | x |
| 2005-05-31 | $9.27 | $48.39 | x |
| 2006-05-31 | $10.62 | $48.39 | x |
| 2007-05-31 | $10.76 | $48.39 | x |
| 2008-05-31 | $10.81 | $48.39 | x |
| 2009-05-31 | $8.95 | $48.39 | x |
| 2010-05-31 | $8.99 | $48.39 | x |
| 2011-05-31 | $9.15 | $48.39 | x |
| 2012-05-31 | $9.92 | $48.39 | x |
| 2013-05-31 | $11.65 | $48.39 | x |
| 2014-05-31 | $11.87 | $48.39 | x |
| 2015-05-31 | $10.94 | $48.39 | x |
| 2016-05-31 | $12.25 | $48.39 | x |
| 2017-05-31 | $14.67 | $48.39 | x |
| 2018-05-31 | $14.57 | $48.39 | x |
| 2019-05-31 | $14.13 | $48.39 | x |
| 2020-05-31 | $14.66 | $48.39 | x |
| 2021-05-31 | $25.93 | $48.39 | x |
| 2022-05-31 | $29.04 | $48.39 | x |
| 2023-05-31 | $34.34 | $48.39 | x |
| 2024-05-31 | $17.65 | $48.39 | x |
| 2025-05-31 | $18.69 | $48.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Worthington Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.33%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.81x
- Recent ROE (10.25%) is below the historical average (14.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 17.98% | 5.57% | 1.73x | 1.87x | $18.64 Million |
| 1987 | 16.14% | 5.14% | 1.80x | 1.74x | $16.01 Million |
| 1988 | 19.60% | 6.20% | 1.78x | 1.77x | $27.48 Million |
| 1989 | 20.03% | 6.38% | 1.80x | 1.74x | $32.15 Million |
| 1990 | 15.45% | 5.81% | 1.63x | 1.63x | $18.76 Million |
| 1991 | 12.56% | 5.10% | 1.55x | 1.59x | $9.10 Million |
| 1992 | 14.28% | 5.70% | 1.57x | 1.60x | $16.63 Million |
| 1993 | 15.29% | 5.93% | 1.63x | 1.58x | $22.89 Million |
| 1994 | 16.85% | 6.61% | 1.61x | 1.58x | $34.51 Million |
| 1995 | 19.77% | 7.87% | 1.62x | 1.55x | $57.67 Million |
| 1996 | 14.28% | 6.18% | 1.21x | 1.91x | $27.35 Million |
| 1997 | 13.04% | 4.88% | 1.22x | 2.18x | $21.75 Million |
| 1998 | 15.17% | 7.29% | 0.88x | 2.36x | $40.37 Million |
| 1999 | 7.96% | 3.11% | 1.05x | 2.45x | $-14.06 Million |
| 2000 | 13.98% | 4.80% | 1.17x | 2.49x | $26.82 Million |
| 2001 | 5.47% | 1.95% | 1.24x | 2.27x | $-29.40 Million |
| 2002 | 1.07% | 0.37% | 1.20x | 2.40x | $-54.12 Million |
| 2003 | 11.82% | 3.39% | 1.50x | 2.32x | $11.55 Million |
| 2004 | 12.75% | 3.65% | 1.45x | 2.42x | $18.71 Million |
| 2005 | 21.86% | 5.83% | 1.68x | 2.23x | $97.33 Million |
| 2006 | 15.44% | 5.04% | 1.52x | 2.01x | $51.46 Million |
| 2007 | 12.17% | 3.83% | 1.64x | 1.94x | $20.30 Million |
| 2008 | 12.09% | 3.49% | 1.54x | 2.25x | $18.54 Million |
| 2009 | -15.33% | -4.11% | 1.93x | 1.93x | $-178.82 Million |
| 2010 | 6.36% | 2.33% | 1.28x | 2.14x | $-25.90 Million |
| 2011 | 16.68% | 4.71% | 1.47x | 2.42x | $46.08 Million |
| 2012 | 16.58% | 4.56% | 1.35x | 2.69x | $45.88 Million |
| 2013 | 16.42% | 5.22% | 1.34x | 2.35x | $53.36 Million |
| 2014 | 17.78% | 4.84% | 1.36x | 2.70x | $66.22 Million |
| 2015 | 10.25% | 2.27% | 1.62x | 2.78x | $1.87 Million |
| 2016 | 18.11% | 5.10% | 1.37x | 2.60x | $64.38 Million |
| 2017 | 21.49% | 6.79% | 1.30x | 2.44x | $109.35 Million |
| 2018 | 21.20% | 5.44% | 1.37x | 2.85x | $102.92 Million |
| 2019 | 18.46% | 4.08% | 1.50x | 3.02x | $70.33 Million |
| 2020 | 9.60% | 2.58% | 1.31x | 2.84x | $-3.29 Million |
| 2021 | 51.77% | 22.82% | 0.94x | 2.41x | $583.98 Million |
| 2022 | 25.62% | 7.24% | 1.44x | 2.46x | $231.31 Million |
| 2023 | 15.13% | 18.08% | 0.39x | 2.15x | $86.93 Million |
| 2024 | 12.45% | 8.88% | 0.76x | 1.84x | $21.74 Million |
| 2025 | 10.25% | 8.33% | 0.68x | 1.81x | $2.33 Million |
Industry Comparison
This section compares Worthington Industries Inc's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $945,108,837
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Worthington Industries Inc (WOR) | $963.02 Million | 17.98% | 0.82x | $1.49 Billion |
| ADF Group Inc (ADFJF) | $91.43 Million | -1.70% | 0.17x | $70.84 Million |
| Aurubis AG (AIAGF) | $2.37 Billion | 14.83% | 0.84x | $2.34 Billion |
| American Metal & Technology Inc (AMGY) | $-2.25 Million | 0.00% | 0.00x | $0.95 |
| Ampco-Pittsburgh Corporation (AP) | $149.83 Million | -53.27% | 2.78x | $96.27 Million |
| Allegheny Technologies Incorporated (ATI) | $2.09 Billion | 1.52% | 1.08x | $19.84 Billion |
| NV Bekaert SA (BEKSF) | $2.17 Billion | 11.76% | 0.88x | $1.30 Billion |
| CompoSecure, Inc. (CMPO) | $-192.55 Million | 0.00% | 0.00x | $1.63 Billion |
| Carpenter Technology Corporation (CRS) | $239.10 Million | 15.18% | 2.05x | $18.51 Billion |
| Cymat Technologies Ltd (CYMHF) | $-612.07K | 0.00% | 0.00x | $6.74 Million |
| ESAB Corp (ESAB) | $2.54 Billion | 6.19% | 0.33x | $5.64 Billion |