Worthington Steel, Inc. (WS) Revenue History
Annual and quarterly revenue from 2021 to 2025
Compound Annual Growth Rate (CAGR)
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WS Revenue Growth
Revenue Breakdown (FY 2025)
WS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WS Revenue Analysis (2021–2025)
As of May 8, 2026, Worthington Steel, Inc. (WS) generated trailing twelve-month (TTM) revenue of $3.27 billion, reflecting strong growth of +18.0% year-over-year. The most recent quarter (Q2 2026) recorded $871.9 million in revenue, down 0.1% sequentially.
Looking at the longer-term picture, WS's historical revenue data shows a 3-year CAGR of -8.7%. The company achieved its highest annual revenue of $4.07 billion in 2022.
Revenue diversification analysis shows WS's business is primarily driven by Steel Processing (100%). With over half of revenue concentrated in Steel Processing, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including STLD (+10.4% YoY), NUE (+12.3% YoY), and RS (+8.5% YoY), WS has outperformed the peer group in terms of revenue growth. Compare WS vs STLD →
WS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WSCurrent | $3.3B | +18.0% | - | 4.8% | |
 STLD | $18.2B | +10.4% | +13.6% | 8.1% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% | |
 RS | $14.3B | +8.5% | +10.2% | 7.2% | |
 CMC | $7.8B | +2.3% | +7.3% | 6.7% | |
 CLF | $18.6B | -3.0% | +28.3% | -7.5% |
WS Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.09B | -9.8% | $388.6M | 12.6% | $147.0M | 4.8% |
| 2024 | $3.43B | -4.9% | $439.8M | 12.8% | $194.5M | 5.7% |
| 2023 | $3.61B | -11.3% | $336.5M | 9.3% | $120.3M | 3.3% |
| 2022 | $4.07B | +91.3% | $395.5M | 9.7% | $226.6M | 5.6% |
| 2021 | $2.13B | - | $370.8M | 17.4% | $221.5M | 10.4% |
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Start ComparisonWS — Frequently Asked Questions
Quick answers to the most common questions about buying WS stock.
Is WS's revenue growth accelerating or slowing?
WS revenue is accelerating at +18.0% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $3.3B. Growth momentum has increased versus prior periods.
What is WS's long-term revenue growth rate?
Worthington Steel, Inc.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +18.0% is above this long-term average.
How is WS's revenue distributed by segment?
WS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2025 are available for download. Segment mix reveals concentration and diversification trends.