WORTHINGTON ENTERPRISES, INC.
WOR · Steel Works, Blast Furnaces & Rolling & Finishing Mills · 49.3M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $25M (gross $31M, SBC $6M)
Reference price $52.95 · est. market cap ~$2.6B — last insider purchase, 2025-09-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Branded consumer/building-products maker whose profitability rests heavily on strong unconsolidated JVs amid a sales decline.
Strengths
- ROA 5.7% (80th pct), net margin 8.3% (69th pct) and strong cash generation (OCF margin 18.2%, FCF 73rd pct)
- Market-leading brands (Bernzomatic, Coleman, Balloon Time) and high-quality WAVE/ClarkDietrich JVs
Risks
- Negative operating margin (-0.9%) and negative interest coverage — core operations lean on JV equity income
- Revenue down 7.4% (15th pct) and net income -13% with consumer/construction cyclicality
- Steel/raw-material price volatility and pass-through risk
Notable findings
- No interest coverageInterest coverage -5.13 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $250M cash & investments
- Buying back stockNet buyback — share count -4%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
27.7%
Operating margin
-0.9%
Net margin
8.3%
Return on equity
10.2%
Return on assets
5.7%
ROIC
-0.7%
Revenue growth (QoQ)
15.6%
Net-income growth
-13.2%
Debt / equity
0.3×
Net debt / EBITDA
1.4×
Interest coverage
-5.1×
Current ratio
3.5×
Free cash flow
$159M
EBITDA
$38M
Tangible book value
$370M
Cash & investments
$250M
Stock comp / revenue
1.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | BOWES JAMES R | Grant | 1.0K | — |
| 2026-06-25 | BOWES JAMES R | Grant | 1.1K | — |
| 2026-06-25 | BOWES JAMES R | Grant | 2.6K | — |
| 2026-06-25 | BOWES JAMES R | Grant | 570 | — |
| 2026-06-25 | SOUZA COLIN J | Grant | 3.0K | — |
| 2026-06-25 | SOUZA COLIN J | Grant | 1.6K | — |
| 2026-06-25 | SOUZA COLIN J | Grant | 810 | — |
| 2026-06-25 | Caravati Steven M | Grant | 2.9K | — |
| 2026-06-25 | Caravati Steven M | Grant | 1.6K | — |
| 2026-06-25 | Caravati Steven M | Grant | 210 | — |
| 2026-06-25 | Caravati Steven M | Grant | 100 | — |
| 2026-06-25 | Kennedy Patrick J. | Grant | 3.6K | — |
| 2026-06-25 | Kennedy Patrick J. | Grant | 760 | — |
| 2026-06-25 | Kennedy Patrick J. | Grant | 380 | — |
| 2026-04-15 | HAYEK JOSEPH B | Gift | 475 | — |
| 2026-01-06 | Chiappone Charles M | Grant | 2.1K | — |
| 2025-12-22 | CHAN KEVIN J | Tax withheld | 504 | $52.79 |
| 2025-12-22 | BOWES JAMES R | Tax withheld | 436 | $52.79 |
| 2025-12-22 | HIGGINBOTHAM SONYA L | Tax withheld | 292 | $52.79 |
| 2025-09-25 | ANDERSON KERRII B | Grant | 2.8K | — |
| 2025-09-25 | WINLAND VIRGIL L | Grant | 2.8K | — |
| 2025-09-25 | VICKERS BILLY R | Grant | 2.8K | — |
| 2025-09-25 | HORTON OZEY K JR | Grant | 2.8K | — |
| 2025-09-25 | ENDRES MICHAEL J | Grant | 4.0K | — |
| 2025-09-25 | ENDRES MICHAEL J | Buy | 10K | $52.95 |
| 2025-09-25 | DAVIS MARK C | Grant | 2.8K | — |
| 2025-09-25 | BLYSTONE JOHN B | Grant | 4.0K | — |
| 2025-09-25 | Blom David P | Grant | 2.8K | — |
| 2025-09-25 | Standridge Brantley J | Grant | 2.8K | — |
| 2025-09-25 | Heller Paul G | Grant | 2.8K | — |
| 2025-09-25 | McConnell John H II | Grant | 2.8K | — |
| 2025-09-25 | McConnell John H II | Buy | 45 | $53.31 |
| 2025-09-22 | SOUZA COLIN J | Tax withheld | 500 | $61.03 |
| 2025-09-22 | CHAN KEVIN J | Tax withheld | 239 | $61.03 |
| 2025-07-01 | HIGGINBOTHAM SONYA L | Grant | 1.3K | — |
| 2025-07-01 | Kennedy Patrick J. | Grant | 3.3K | — |
| 2025-07-01 | Kennedy Patrick J. | Tax withheld | 1.5K | $64.48 |
| 2025-07-01 | HIGGINBOTHAM SONYA L | Tax withheld | 382 | $64.48 |
| 2025-07-01 | HAYEK JOSEPH B | Grant | 10.0K | — |
| 2025-07-01 | HAYEK JOSEPH B | Tax withheld | 4.5K | $64.48 |
| 2025-07-01 | Caravati Steven M | Grant | 1.7K | — |
| 2025-07-01 | Caravati Steven M | Tax withheld | 750 | $64.48 |
| 2025-07-01 | BOWES JAMES R | Grant | 707 | — |
| 2025-07-01 | BOWES JAMES R | Tax withheld | 321 | $64.48 |
| 2025-06-27 | HAYEK JOSEPH B | Tax withheld | 400 | $63.81 |
| 2025-06-27 | Kennedy Patrick J. | Tax withheld | 377 | $63.81 |
| 2025-06-27 | BOWES JAMES R | Tax withheld | 264 | $63.81 |
| 2025-06-27 | Caravati Steven M | Tax withheld | 91 | $63.81 |
| 2025-06-27 | SOUZA COLIN J | Tax withheld | 282 | $63.81 |
| 2025-06-26 | HAYEK JOSEPH B | Grant | 6.6K | — |
| 2025-06-26 | HAYEK JOSEPH B | Grant | 3.3K | — |
| 2025-06-26 | Caravati Steven M | Grant | 2.6K | — |
| 2025-06-26 | BOWES JAMES R | Grant | 2.0K | — |
| 2025-06-26 | BOWES JAMES R | Grant | 180 | — |
| 2025-06-26 | BOWES JAMES R | Grant | 90 | — |
| 2025-06-26 | CHAN KEVIN J | Grant | 960 | — |
| 2025-06-26 | HIGGINBOTHAM SONYA L | Grant | 1.5K | — |
| 2025-06-26 | SOUZA COLIN J | Grant | 2.1K | — |
| 2025-06-26 | SOUZA COLIN J | Grant | 550 | — |
| 2025-06-26 | SOUZA COLIN J | Grant | 270 | — |
| 2025-06-26 | Kennedy Patrick J. | Grant | 3.1K | — |
| 2025-06-26 | HAYEK JOSEPH B | Grant | 15K | — |
| 2025-06-24 | Kennedy Patrick J. | Tax withheld | 1.9K | $60.15 |
| 2025-06-24 | HAYEK JOSEPH B | Tax withheld | 5.9K | $60.15 |
| 2025-06-24 | HIGGINBOTHAM SONYA L | Tax withheld | 604 | $60.15 |
| 2025-06-24 | Caravati Steven M | Tax withheld | 7.1K | $60.15 |
| 2025-06-24 | Caravati Steven M | Tax withheld | 1.9K | $60.15 |
| 2025-06-24 | Caravati Steven M | Tax withheld | 11K | $60.15 |
| 2025-06-24 | BOWES JAMES R | Tax withheld | 853 | $60.15 |
| 2025-05-06 | HAYEK JOSEPH B | Gift | 517 | — |
| 2025-04-25 | Standridge Brantley J | Grant | 1.6K | — |
| 2025-03-07 | CHAN KEVIN J | I | 8 | $42.18 |
| 2025-02-21 | CHAN KEVIN J | I | 7 | $42.42 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | ResultsExec/director changeExhibits | filing ↗ |
| 2026-06-23 | ResultsExec/director changeOtherExhibits | filing ↗ |
| 2026-03-27 | ResultsExhibits | filing ↗ |
| 2026-03-24 | ResultsOtherExhibits | filing ↗ |
| 2026-01-16 | Reg FDExhibits | filing ↗ |
| 2026-01-16 | Acquisition/dispositionReg FDExhibits | filing ↗ |
| 2026-01-07 | Reg FDExhibits | filing ↗ |
| 2025-12-19 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-22 | 0001193125-26-285420 ↗ |
| 8-K | 2026-06-23 | 2026-06-23 | 0001193125-26-279469 ↗ |
| 10-Q | 2026-04-09 | 2026-02-28 | 0001193125-26-149137 ↗ |
| 8-K | 2026-03-27 | 2026-03-25 | 0001193125-26-128951 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0001193125-26-121855 ↗ |
| 8-K | 2026-01-16 | 2026-01-14 | 0001193125-26-015332 ↗ |
| 8-K | 2026-01-16 | 2026-01-16 | 0001193125-26-014702 ↗ |
| 10-Q | 2026-01-09 | 2025-11-30 | 0001193125-26-008430 ↗ |
| 8-K | 2026-01-07 | 2026-01-07 | 0001193125-26-005501 ↗ |
| 8-K | 2025-12-19 | 2025-12-17 | 0001193125-25-326768 ↗ |
| 8-K | 2025-12-16 | 2025-12-16 | 0001193125-25-320934 ↗ |
| 8-K | 2025-11-17 | 2025-11-13 | 0001193125-25-284597 ↗ |