Worthington Steel Inc (WS)
Gross profit margin
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 388,600 | 439,800 | 340,405 | 340,405 | 395,460 |
| Revenue | US$ in thousands | 3,093,300 | 3,430,600 | 3,611,590 | 3,611,590 | 4,068,930 |
| Gross profit margin | 12.56% | 12.82% | 9.43% | 9.43% | 9.72% |
May 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $388,600K ÷ $3,093,300K
= 12.56%
The gross profit margin of Worthington Steel Inc. has exhibited notable fluctuations over the specified periods. As of August 31, 2022, the gross profit margin was 9.72%, indicating the percentage of revenue remaining after cost of goods sold (COGS) at that point. By May 31, 2023, this margin experienced a slight decline to 9.43%, suggesting a marginal decrease in profitability from core operations during this interval. The margin remained unchanged through August 31, 2023, maintaining the 9.43% level, which indicates relative stability in gross profitability over that recent period.
A significant increase occurred by May 31, 2024, when the gross profit margin rose to 12.82%. This upward movement suggests an improvement in either revenue recognition, a reduction in COGS, or both, resulting in higher gross profitability. The margin continued to be strong but slightly declined to 12.56% by May 31, 2025, reflecting a minor contraction. Overall, the trend indicates a period of stability followed by a marked improvement in gross profit margins, which slightly receded but remained elevated relative to earlier levels, potentially signaling improved efficiency or favorable pricing strategies in recent fiscal periods.
Peer comparison
May 31, 2025