Worthington Steel, Inc. cash flow statement

In fiscal 2026, Worthington Steel, Inc.'s operations generated $201m of cash; it spent $121m on capital projects, leaving free cash flow of $80.0m. It returned $32.6m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Worthington Steel, Inc.: cash flow statement, annual
Fiscal year	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026	LTMAug 2026
Cash from operations	40	315	200	230	201	202
Depreciation and amortisation	60	70	65	66	84	92
Stock-based pay	9	10	10	11	14	10
Capital spending	36	46	103	130	121	155
Free cash flow	3	270	96	100	80	47
Free cash flow after stock pay	−6	259	86	89	66	37
Dividends paid	0	0	8	32	33	33

US$ millions unless shown otherwise. Fiscal quarters.

Worthington Steel, Inc.: cash flow statement, quarterly
Quarter	2025 Q2Nov 2024	2025 Q3Feb 2025	2025 Q4May 2025	2026 Q1Aug 2025	2026 Q2Nov 2025	2026 Q3Feb 2026	2026 Q4May 2026	2027 Q1Aug 2026
Cash from operations	68	54	54	−6	99	63	45	−6
Depreciation and amortisation	16	17	17	20	22	22	21	28
Stock-based pay	3	3	3	7	3	3	2	2
Capital spending	35	29	46	29	25	30	37	63
Free cash flow	33	25	8	−36	75	33	8	−69
Free cash flow after stock pay	30	22	6	−43	72	31	6	−71

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Worthington Steel, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Worthington Steel, Inc.