Worthington Steel Inc (WS)
Net profit margin
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 154,700 | 84,324 | 180,375 | 171,014 |
| Revenue | US$ in thousands | 3,430,600 | 3,611,590 | 4,068,930 | 2,127,400 |
| Net profit margin | 4.51% | 2.33% | 4.43% | 8.04% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $154,700K ÷ $3,430,600K
= 4.51%
The net profit margin of Worthington Steel Inc has shown fluctuations over the past four years. It decreased from 8.04% in August 2021 to 4.43% in August 2022, indicating a significant decline in profitability. However, there was a slight improvement in the net profit margin to 2.33% in August 2023. The most recent available data as of May 31, 2024, shows a further increase in the net profit margin to 4.51%, suggesting a recovery in profitability compared to the previous year. Worthington Steel Inc should continue to monitor and assess its financial performance to ensure sustained profitability in the future.
Peer comparison
May 31, 2024