Worthington Steel Inc Net Assets
Worthington Steel Inc net assets. Based on the latest financial reports, Worthington Steel Inc (WS) has net assets worth $1.36 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.32 Billion) and total liabilities ($958.10 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. See WS net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.36 Billion |
| % of Total Assets | 58.62% |
| Annual Growth Rate | 10.11% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.35 |
Net Assets of Worthington Steel Inc (2021–2025)
Net assets of Worthington Steel Inc from 2021 to 2025. This chart illustrates how Worthington Steel Inc's net assets have evolved over time, based on quarterly financial data. Also explore how fast is Worthington Steel Inc growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for Worthington Steel Inc (2021–2025)
The table below shows the annual net assets of Worthington Steel Inc from 2021 to 2025. For live market cap and overall valuation, see WS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $1.20 Billion | +7.19% |
| 2024-05-31 | $1.12 Billion | -3.21% |
| 2023-05-31 | $1.15 Billion | -8.83% |
| 2022-05-31 | $1.27 Billion | +55.41% |
| 2021-05-31 | $814.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Worthington Steel 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 16420000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Worthington Steel Inc Net Assets Breakdown (May 2025)
Worthington Steel Inc net assets breakdown by equity component as of May 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $164.20 Million | 15.29% |
| Other Comprehensive Income | $-4.00 Million | -0.37% |
| Other Components | $913.90 Million | 85.09% |
| Total Equity | $1.07 Billion | 100.00% |
Worthington Steel Inc Competitors by Market Cap
The table below lists competitors of Worthington Steel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Keboda Technology Co Ltd
SHG:603786
|
$2.13 Billion |
|
Transportadora de Gas del Sur SA ADR
NYSE:TGS
|
$2.13 Billion |
|
Digital China Group Co Ltd
SHE:000034
|
$2.13 Billion |
|
Construcciones y Auxiliar de Ferrocarriles S.A.
MC:CAF
|
$2.13 Billion |
|
Bangchak Corporation Public Company Limited
BK:BCP
|
$2.13 Billion |
|
ID Logistics Group SA
PA:IDL
|
$2.13 Billion |
|
Henan Dayou Energy Co Ltd
SHG:600403
|
$2.13 Billion |
|
IHS HOLDING LTD. DL-3
F:4JB
|
$2.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Worthington Steel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 985,300,000 to 1,074,100,000, a change of 88,800,000 (9.0%).
- Net income of 110,700,000 contributed positively to equity growth.
- Dividend payments of 31,900,000 reduced retained earnings.
- Share repurchases of 3,100,000 reduced equity.
- Other comprehensive income increased equity by 2,100,000.
- Other factors increased equity by 11,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $110.70 Million | +10.31% |
| Dividends Paid | $31.90 Million | -2.97% |
| Share Repurchases | $3.10 Million | -0.29% |
| Other Comprehensive Income | $2.10 Million | +0.2% |
| Other Changes | $11.00 Million | +1.02% |
| Total Change | $- | 9.01% |
Book Value vs Market Value Analysis
This analysis compares Worthington Steel 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: 1.94x
- 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 3.18x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-05-31 | $13.22 | $42.09 | x |
| 2022-05-31 | $22.65 | $42.09 | x |
| 2023-05-31 | $20.57 | $42.09 | x |
| 2024-05-31 | $19.79 | $42.09 | x |
| 2025-05-31 | $21.70 | $42.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Worthington Steel 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): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.58%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 1.83x
- Recent ROE (10.31%) is below the historical average (15.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 25.86% | 8.04% | 1.56x | 2.07x | $104.88 Million |
| 2022 | 15.92% | 4.43% | 1.95x | 1.84x | $67.08 Million |
| 2023 | 8.46% | 2.41% | 2.04x | 1.71x | $-15.80 Million |
| 2024 | 15.70% | 4.51% | 1.84x | 1.89x | $56.17 Million |
| 2025 | 10.31% | 3.58% | 1.58x | 1.83x | $3.29 Million |
Industry Comparison
This section compares Worthington Steel Inc's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,634,172,110
- Average return on equity (ROE) among peers: 335.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Worthington Steel Inc (WS) | $1.36 Billion | 25.86% | 0.71x | $2.13 Billion |
| Cleveland-Cliffs Inc (CLF) | $275.50 Million | -15.14% | 1.12x | $6.99 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $32.60 Million | 8.59% | 0.16x | $311.38 Million |
| Friedman Industries Inc. Common Stock (FRD) | $30.38 Million | 9.64% | 0.58x | $138.83 Million |
| Gerdau SA ADR (GGB) | $25.94 Billion | 8.88% | 0.98x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $13.47 Million | 21.76% | 1.68x | $90.43 Million |
| Huadi International Group Co Ltd (HUDI) | $16.62 Million | 31.27% | 3.57x | $7.49 Million |
| Inno Holdings Inc. Common Stock (INHD) | $-1.94 Million | 0.00% | 0.00x | $17.36 Million |
| FST Corp. Ordinary Shares (KBSX) | $22.87 Million | 3.68% | 0.75x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $12.66 Million | -2.85% | 2.10x | $101.88 Million |
| Mesabi Trust (MSB) | $987.80K | 3286.40% | 8.76x | $237.73 Million |
About Worthington Steel Inc
Worthington Steel, Inc. operates as a steel processor in North America. The company offers carbon flat-rolled steel and tailor welded blanks, as well as automotive and electrical steel lamination stampings; and aluminum tailor welded blanks. It also offers warehousing, logistics, and materials management services. It serves automotive, construction, machinery and equipment, heavy truck, agricultu… Read more