Worthington Industries Inc (WOR)
Pretax margin
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 128,809 | 74,007 | 345,368 | 514,286 | 917,717 |
| Revenue | US$ in thousands | 1,153,760 | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 |
| Pretax margin | 11.16% | 5.94% | 7.02% | 9.81% | 28.94% |
May 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $128,809K ÷ $1,153,760K
= 11.16%
The pretax margin for Worthington Industries Inc. has demonstrated significant fluctuations over the analyzed period from May 31, 2021, to May 31, 2025. In the fiscal year ending May 31, 2021, the company achieved a high pretax margin of approximately 28.94%, indicating strong profitability relative to its pre-tax earnings. However, by the subsequent year ending May 31, 2022, the pretax margin markedly declined to approximately 9.81%, reflecting a substantial decrease that may be attributable to increased costs, lower sales, or other operational challenges.
This declining trend persisted into the fiscal year ending May 31, 2023, with the pretax margin tapering further to approximately 7.02%, suggesting ongoing pressures affecting profitability. The downward trajectory continued into the year ending May 31, 2024, where the margin narrowed further to approximately 5.94%. Such a sustained decline indicates persistent challenges in maintaining previous levels of pre-tax profitability.
Interestingly, in the fiscal year ending May 31, 2025, the pretax margin reversed the downward trend to rise to approximately 11.16%. This increase may signal a partial recovery or improvement in operational efficiency, cost management, or revenue performance. Nonetheless, the margin remains well below the peak observed in 2021, and the fluctuations highlight a period of volatility and changing profitability circumstances for the company.
Peer comparison
May 31, 2025