WOR WORTHINGTON ENTERPRISES, INC.

Overview and Growth

In fiscal 2026, WORTHINGTON ENTERPRISES, INC. recorded $1.38B of revenue, net income of $156.09M, and an operating cash inflow of $226.12M. At $1.38B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 19.7% from $1.15B in fiscal 2025, increasing the company’s operating scale. The company reported diluted EPS of $3.14, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 63.5% increase from fiscal 2025 diluted EPS of $1.92. The revenue-to-assets relationship was 0.75x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $378.27M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 27.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $76.21M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 5.5%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $156.09M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 11.3% margin after operating costs and the remaining recognized items. The earnings statement records $201.35M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 14.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $46.31M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 23.0%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

At period end, the $1.85B asset base was financed through $821.02M of liabilities and $1.03B of equity. Current assets were $524.47M against $221.43M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.37x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $27.73M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 12.5%, excluding receivables and other current assets. The company carried $305.90M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.3x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 16.6%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 44.4%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 1.5%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 9.0% higher than fiscal 2025 assets of $1.70B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $226.12M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.45x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $55.91M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 24.7% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $170.21M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 12.3%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 9.2%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending May 31, 2026. Analysis generated Oct 21, 2026.