Worthington Steel (WS) Margins & Profitability 2023-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 12.8%
EBITDA Margin: -5.8%
Op. Margin: -8.0%
Net Margin: -6.2%

Op. margin of -8.0% is down 16.0% YoY — costs are rising relative to revenue. Net margin at -6.2% and gross margin of 12.8% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit