Worthington Enterprises, Inc. (WOR) Stock

Worthington Enterprises, Inc. (WOR) is a Materials stock trading at $57.43 (as of 2026-09-18), with a market capitalization of $2.83B and a trailing P/E of 18.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, energy, hardware, heavy-truck, HVAC, lawn and garden, leisure and recreation, office furniture, and office equipment markets. It also toll processes steel for steel mills, large end-users, service centers, and other processors. The Consumer Products segment sells tools, outdoor living, and celebrations products under the Coleman, Bernzomatic, Balloon Time, Mag-Torch, General, Garden-Weasel, Pactool International, Hawkeye, Worthington Pro Grade, and Level5 brand names. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, and other specialty products to gas producers and distributors. The Sustainable Energy Solutions segment offers on-board fueling systems and services, as well as gas containment solutions and services for the storage, transport, and distribution of industrial gases. The company was founded in 1955 and is headquartered in Columbus, Ohio.

Understand Worthington Enterprises, Inc.: how it makes money

Worthington processes commodity steel into branded building components (studs, trusses, racks) and consumer products (water tanks, hobby goods), selling to contractors, big-box retailers, and industrial buyers. The building side drives most revenue and carries the construction cycle; the consumer side is smaller, steadier, and increasingly multi-channel.

Profit lives in the processing spread: buying commodity flat-rolled steel and converting it into branded studs, trusses, and tanks that command a premium over raw-material cost.

Revenue by segment (latest quarter)
Building Products$0.2B
Consumer Products$0.1B
Other$0.0B

Valuation: At 19× earnings, WOR trades 12% below the Steel Works average (22×).

Bull case

  • Retail shelf expansion locks in demand: Consumer store count jumped 63% this year, adding Costco, Sherwin-Williams, and Home Depot placements, which gives Worthington recurring, shelf-driven volume that is less cycle-sensitive than custom orders.
  • Margin path targets 30% gross: Management has set a trajectory toward 30% gross margins and 20% SG&A-to-sales, meaning the current 29% gross margin still has room to expand as scale and mix improve.
  • Trading 12% below sector peers: The stock sits at 19.2x earnings versus a 22x steel-works industry average, a 12% discount, which leaves room for re-rating if growth persists and construction stabilizes.

Bear case

  • Construction slump squeezes Clark-Dietrich: Muted new-construction activity and increased competition are already compressing Clark-Dietrich margins, and any further housing slump hits the segment that drives 55% of company revenue.
  • Consumer pullback and tariffs bite: Consumer caution around pricing is softening demand for tanks and hobby products, and modest tariff headwinds add cost pressure on a segment that already runs thinner margins than building.
  • CapEx stays elevated three more quarters: Management flagged that remaining modernization spending will keep capital expenditures elevated over the next three quarters, capping free-cash-flow conversion even as revenue grows.
Valuation — source: SEC EDGAR (first-party)
Price$57.43
Market Cap$2.83B
P/E Ratio18.1
Price / Book2.75
Price / Sales2.05
Dividend Yield1.3%
FCF Yield6.0%
DCF Value (model)$3.08
DCF Upside vs Price-94.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.38B
Net Margin11.3%
Return on Equity15.2%
Current Ratio2.37
Revenue Growth (YoY)16.9%
FCF Growth (YoY)11.7%
Financial Health — source: SEC EDGAR
Altman Z-Score3.67 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E18.1
Sector P/E (Materials)21.8
Industry P/E (Steel Works)19.3
vs Sector-16.9%
vs Industry-6.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($283.37M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustrySteel Works
CEOJoseph Hayek
Employees6,000
CountryUS
IPO Date1980-03-17

Worthington Enterprises, Inc. earnings call transcripts

  • WOR Q4 FY26 earnings call transcript (reported 2026-06-23) · analysis
  • WOR Q3 FY26 earnings call transcript (reported 2026-03-24) · analysis
  • WOR Q2 FY26 earnings call transcript (reported 2025-12-16) · analysis
  • WOR Q1 FY26 earnings call transcript (reported 2025-09-23) · analysis

All WOR earnings calls

Related Companies (Steel Works; 8 comparable companies)

  • Worthington Steel, Inc. (WS)
  • CSW Industrials, Inc. (CSW)
  • Armstrong World Industries Inc (AWI)
  • ESCO Technologies Inc. (ESE)
  • Insteel Industries, Inc. (IIIN)
  • Crane Company (CR)
  • Standex International Corporation (SXI)
  • Gibraltar Industries, Inc. (ROCK)
WOR earnings history · WOR institutional & insider holders · WOR KPIs & operating metrics · WOR financials · WOR filings, presentations & press releases · WOR investor presentations & press releases · WOR SEC filings · WOR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.