(WOR) Worthington Industries - Overview
Sector: Industrials | Industry: Metal Fabrication | Exchange: NYSE (USA) | Market Cap: 2.702m USD | Total Return: -3.5% in 12m
Avg Turnover: 8.25M
EPS Trend: -75.2%
Qual. Beats: 0
Rev. Trend: -65.2%
Qual. Beats: 1
Warnings
P/E ratio 165.3
Choppy
Tailwinds
No distinct edge detected
Worthington Enterprises, Inc. (NYSE: WOR) is an industrial manufacturer headquartered in Columbus, Ohio, focused on two primary segments: Consumer Products and Building Products. The company produces a wide range of specialized pressure cylinders, hand tools, and outdoor living equipment. Its portfolio includes well-known brands such as Bernzomatic, Coleman, and Balloon Time, catering to diverse end markets ranging from home improvement and camping to commercial HVAC and fire suppression.
The company operates within the industrial manufacturing sector, where business cycles are often influenced by residential construction trends and consumer discretionary spending on outdoor recreation. Unlike commodity steel producers, Worthington’s business model emphasizes value-added manufacturing, transforming raw materials into branded, technical products with specific safety and regulatory requirements. This focus on pressurized containment solutions creates a recurring demand profile, as many of its products are consumable fuel cylinders or essential components in building infrastructure.
Investors looking for deeper insights into the companys financial health and valuation metrics should explore the comprehensive data available on ValueRay. Worthington Enterprises transitioned to its current focused structure following the 2023 spin-off of its steel processing business, marking a strategic shift toward higher-margin, specialized product lines.
- Fluctuations in residential and commercial construction demand impact building product sales
- Raw material price volatility for steel and aluminum affects manufacturing margins
- Consumer discretionary spending levels drive sales for outdoor living and celebration brands
- Expansion of pressurized containment solutions market share increases long-term revenue stability
- Regulatory shifts in refrigerant gas standards influence building products segment profitability
| Net Income: 111.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 2.64 > 1.0 |
| NWC/Revenue: 21.89% < 20% (prev 39.28%; Δ -17.39% < -1%) |
| CFO/TA 0.12 > 3% & CFO 216.9m > Net Income 111.8m |
| Net Debt (397.3m) to EBITDA (179.1m): 2.22 < 3 |
| Current Ratio: 2.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.2m) vs 12m ago -1.63% < -2% |
| Gross Margin: 27.74% > 18% (prev 0.26%; Δ 2.75k% > 0.5%) |
| Asset Turnover: 75.75% > 50% (prev 68.65%; Δ 7.10% > 0%) |
| Interest Coverage Ratio: 36.00 > 6 (EBITDA TTM 179.1m / Interest Expense TTM 3.48m) |
| A: 0.16 (Total Current Assets 503.9m - Total Current Liabilities 213.2m) / Total Assets 1.82b |
| B: 0.37 (Retained Earnings 681.7m / Total Assets 1.82b) |
| C: 0.07 (EBIT TTM 125.1m / Avg Total Assets 1.75b) |
| D: 0.83 (Book Value of Equity 681.7m / Total Liabilities 821.0m) |
| Altman-Z'' = 3.62 = AA |
| DSRI: 1.08 (Receivables 257.3m/206.4m, Revenue 1.33b/1.15b) |
| GMI: 0.95 (GM 27.74% / 26.31%) |
| AQI: 0.80 (AQ_t 0.36 / AQ_t-1 0.45) |
| SGI: 1.15 (Revenue 1.33b / 1.15b) |
| TATA: -0.06 (NI 111.8m - CFO 216.9m) / TA 1.82b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 54.54 with a total of 100,606 shares traded.
Over the past week, the price has changed by +3.30%,
over one month by +2.19%,
over three months by -0.64% and
over the past year by -3.46%.
Worthington Industries has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold WOR.
- StrongBuy: 2
- Buy: 0
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 65.4 | 19.9% |
P/E Forward = 14.1243
P/S = 2.0353
P/B = 2.6855
P/EG = 1.9717
Revenue TTM = 1.33b USD
EBIT TTM = 125.1m USD
EBITDA TTM = 179.1m USD
Long Term Debt = 307.3m USD (from longTermDebt, last quarter)
Short Term Debt = 12.7m USD (from shortTermDebt, last quarter)
Debt = 403.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 45.6m
Net Debt = 397.3m USD (calculated: Debt 403.3m - CCE 5.98m)
Enterprise Value = 3.10b USD (2.70b + Debt 403.3m - CCE 5.98m)
Interest Coverage Ratio = 36.00 (Ebit TTM 125.1m / Interest Expense TTM 3.48m)
EV/FCF = 15.21x (Enterprise Value 3.10b / FCF TTM 203.8m)
FCF Yield = 6.58% (FCF TTM 203.8m / Enterprise Value 3.10b)
FCF Margin = 15.35% (FCF TTM 203.8m / Revenue TTM 1.33b)
Net Margin = 8.42% (Net Income TTM 111.8m / Revenue TTM 1.33b)
Gross Margin = 27.74% ((Revenue TTM 1.33b - Cost of Revenue TTM 959.4m) / Revenue TTM)
Gross Margin QoQ = 28.91% (prev 25.84%)
Tobins Q-Ratio = 1.70 (Enterprise Value 3.10b / Total Assets 1.82b)
Interest Expense / Debt = 0.86% (Interest Expense 3.48m / Debt 403.3m)
Taxrate = 24.94% (15.0m / 60.1m)
NOPAT = 93.9m (EBIT 125.1m * (1 - 24.94%))
Current Ratio = 2.36 (Total Current Assets 503.9m / Total Current Liabilities 213.2m)
Debt / Equity = 0.40 (Debt 403.3m / totalStockholderEquity, last quarter 1.00b)
Debt / EBITDA = 2.22 (Net Debt 397.3m / EBITDA 179.1m)
Debt / FCF = 1.95 (Net Debt 397.3m / FCF TTM 203.8m)
Total Stockholder Equity = 965.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.38% (Net Income 111.8m / Total Assets 1.82b)
RoE = 11.58% (Net Income TTM 111.8m / Total Stockholder Equity 965.9m)
RoCE = 9.83% (EBIT 125.1m / Capital Employed (Equity 965.9m + L.T.Debt 307.3m))
RoIC = 5.81% (NOPAT 93.9m / Invested Capital 1.62b)
WACC = 7.67% (E(2.70b)/V(3.11b) * Re(8.72%) + D(403.3m)/V(3.11b) * Rd(0.86%) * (1-Tc(0.25)))
Discount Rate = 8.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -0.78%
[DCF] Terminal Value 77.97% ; FCFF base≈179.8m ; Y1≈206.1m ; Y5≈303.3m
[DCF] Fair Price = 84.60 (EV 4.56b - Net Debt 397.3m = Equity 4.17b / Shares 49.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -75.20 | EPS CAGR: -25.90% | SUE: -0.18 | # QB: 0
Revenue Correlation: -65.17 | Revenue CAGR: -20.73% | SUE: 1.21 | # QB: 1
EPS next Quarter (2026-08-31): EPS=0.79 | Chg30d=-6.51% | Revisions=-20% | Analysts=3
EPS current Year (2026-05-31): EPS=3.44 | Chg30d=-1.32% | Revisions=+0% | GrowthEPS=+11.9% | GrowthRev=+21.0%
EPS next Year (2027-05-31): EPS=3.90 | Chg30d=-1.81% | Revisions=+14% | GrowthEPS=+13.4% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: -20%