Worthington Steel Inc (WS)
Net profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 110,700 | 108,200 | 143,400 | 124,600 | 155,072 | 166,396 | 122,796 | 112,996 | 84,240 | 49,832 |
| Revenue (ttm) | US$ in thousands | 3,093,300 | 3,171,400 | 3,289,800 | 3,358,800 | 3,431,528 | 3,408,415 | 3,383,315 | 3,443,715 | 3,611,627 | 3,798,380 |
| Net profit margin | 3.58% | 3.41% | 4.36% | 3.71% | 4.52% | 4.88% | 3.63% | 3.28% | 2.33% | 1.31% |
May 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $110,700K ÷ $3,093,300K
= 3.58%
The net profit margin of Worthington Steel Inc exhibits a general upward trend over the analyzed period, indicating improving profitability. Starting at approximately 1.31% as of February 28, 2023, the margin progressively increased, reaching a peak of 4.88% on February 29, 2024. This suggests that the company's ability to convert sales into net income improved significantly during this timeframe.
Following the peak, there was a slight decline in the net profit margin observed through May 31, 2024, down to 4.52%, and further decreases are noted in subsequent periods, reaching 3.71% on August 31, 2024, and 4.36% on November 30, 2024. By February 28, 2025, the margin decreased to 3.41%, with a modest recovery observed by May 31, 2025, to 3.58%.
Overall, the trajectory suggests periods of enhanced profitability, particularly from the beginning through mid-2024, followed by some volatility and slight reductions thereafter. These fluctuations may reflect changes in operational efficiency, cost management strategies, or shifts in market conditions affecting the company's bottom line. Nonetheless, the net profit margin remains above the initial levels observed in early 2023, indicating an overall trend of improved profitability over the analyzed period.
Peer comparison
May 31, 2025