Worthington Steel Inc (WS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 147,000 | 146,000 | 197,000 | 169,300 | 198,999 | 230,584 | 191,684 | 192,784 | 160,945 | 105,220 |
| 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 |
| Operating profit margin | 4.75% | 4.60% | 5.99% | 5.04% | 5.80% | 6.77% | 5.67% | 5.60% | 4.46% | 2.77% |
May 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $147,000K ÷ $3,093,300K
= 4.75%
The analysis of Worthington Steel Inc’s operating profit margin over the specified periods reveals a pattern of gradual improvement followed by fluctuations. Starting from a low of 2.77% on February 28, 2023, the operating profit margin increased steadily, reaching 4.46% by May 31, 2023, and further improving to 5.60% on August 31, 2023. The margin continued its upward trend, peaking at 5.67% on November 30, 2023, and then experiencing a more significant increase to 6.77% on February 29, 2024.
Subsequently, a decline is observed, with the margin decreasing to 5.80% on May 31, 2024, and further falling to 5.04% on August 31, 2024. Nonetheless, a modest recovery is noted with the margin rising again to 5.99% by November 30, 2024. This downward trend continued into the early part of 2025, with the margin at 4.60% on February 28, 2025, and slightly improving to 4.75% on May 31, 2025.
Overall, the operating profit margin exhibits an upward trajectory from early 2023 through late 2023 and early 2024, indicating improved operational efficiency or profitability during that period. The subsequent fluctuations suggest volatility in operating profitability, which could be influenced by market conditions, cost structures, or other operational challenges. The endpoint figures reflect a decline from the earlier peaks, but still remain above the initial levels observed in early 2023. This pattern underscores a period of growth punctuated by periods of contraction, highlighting potential operational or industry-related factors impacting profitability.
Peer comparison
May 31, 2025