Worthington Enterprises, Inc. WOR

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsUnited States of America

Last close 64.94 USD on Nov 2, 2026, +27.3% year to date

Quant rating

Quant rating B Rank 161 of 486 in Industrials

Growth D 363 of 486
Valuation B 91 of 486
Quality C 249 of 486
Revisions C 211 of 486
Momentum B 94 of 486

Wall Street consensus Buy (2.40)Average target 71.22 USD +9.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.2B
Enterprise value: 3.4B
52-week range: 45.29 – 67.01
3-year range: 38.12 – 67.39
Dividend yield: 1.27%
Beta (5 years): 1.33
Shares outstanding: 49.3M
Next earnings: Dec 14, 2026

About the company

Worthington Enterprises, Inc. is a designer and manufacturer of brands that improve everyday life by elevating space and experience. It operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes heating and cooling, cooking, construction and water solutions, and building systems including HVAC and metal roofing components, architectural and acoustical grid ceilings, and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Company’s portfolio include Balloon Time, Bernzomatic, Coleman (propane cylinders), CoMet, Elgen, Garden Weasel, General, HALO, Hawkeye, Level5 Tools, Mag Torch, NEXI, Pactool International, PowerCore, Ragasco, Well-X-Trol, Roof Hugger, and XLite, among others. It also designs and manufactures HVAC parts and components; ductwork and structural framing primarily used in commercial buildings.

Growth and profitability fiscal year ends May 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	1,381	1,154	1,246	1,418	5,242	–
Revenue growth	19.7%	−7.4%	−12.2%	−72.9%	65.3%	−15.3%
EPS (basic, normalized)	3.37	3.07	2.84	5.86	7.30	–
EPS growth	9.8%	8.1%	−51.5%	−19.7%	–	–
Gross margin	27.4%	27.7%	22.9%	22.8%	13.6%	22.9%
Net margin	11.3%	8.3%	2.2%	8.0%	7.2%	7.4%
ROE	15.9%	10.5%	2.1%	7.1%	26.4%	12.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	55.1
Current ratio	2.67x
Long-term debt (mil)	306
Net debt (mil)	250
Total equity (mil)	1,047
Net debt / equity	0.24x
Net debt / EBITDA	0.85x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	1,381	+19.7%	2.5x	296	+18.8%	11.7x	3.37	+9.8%	19.3x
2027	1,504	+8.9%	2.3x	327	+10.6%	10.5x	3.76	+11.7%	17.3x
2028	1,571	+4.5%	2.2x	354	+8.3%	9.7x	4.22	+12.0%	15.4x
2029	1,639	+4.3%	2.1x	375	+5.8%	9.2x	4.62	+9.5%	14.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	1,504	+0.2%	+2.0%	+1.3%	3.76	−0.6%	+0.8%	−3.4%
2028	1,571	0.0%	+3.0%	+1.4%	4.22	0.0%	+2.1%	−2.1%
2029	1,639	0.0%	+5.0%	+3.1%	4.62	0.0%	+6.2%	+1.8%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Sales reported (mil)	319	257	274	305	318	304	328	379	371	344
Sales mean (mil)	359	296	274	286	301	292	311	349	386	331
Surprise	−11.3%	−13.1%	+0.1%	+6.7%	+5.5%	+4.1%	+5.4%	+8.4%	−3.9%	+3.8%
EPS reported	0.74	0.50	0.60	0.91	1.06	0.74	0.65	0.98	0.97	0.82
EPS mean	0.94	0.72	0.52	0.71	0.84	0.70	0.70	0.96	1.06	0.75
Surprise	−21.7%	−30.8%	+16.5%	+28.9%	+25.6%	+5.4%	−7.7%	+1.9%	−8.5%	+9.3%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
WOR Worthington Enterprises, Inc.	3.2B	0.85x	11.3%	3.05x	17.3x	15.4x	10.5x	9.7x
DOV Dover Corporation	28.7B	0.78x	13.6%	3.76x	20.1x	18.3x	14.8x	13.6x
NDSN Nordson Corporation	18.2B	1.82x	17.4%	5.58x	27.4x	25.2x	20.4x	19.2x
IEX IDEX Corporation	17.4B	1.24x	14.0%	4.34x	26.5x	24.2x	18.4x	17.2x
LECO Lincoln Electric Holdings, Inc.	15.5B	1.03x	12.3%	9.95x	24.9x	22.3x	16.9x	15.5x
GGG Graco Inc.	11.1B	−0.01x	23.3%	4.48x	21.3x	20.1x	14.8x	14.1x
Mean		0.95x	15.3%	5.19x	22.9x	20.9x	16.0x	14.9x
Median		0.94x	13.8%	4.41x	23.1x	21.2x	15.9x	14.8x

Technical analysis

1M+7.1%
3M+16.0%
1Y+17.4%
3Y+73.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Worthington Enterprises, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	1,381	1,154	1,246	1,418	5,242	3,171
Cost of revenue	1,003	835	961	1,095	4,527	2,532
Gross profit	378	319	285	324	715	639
Selling, general & administrative expenses	295	268	283	287	400	351
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	0	50.6
Unusual expense (income)	7.1	61.3	76.5	6.7	−14.0	69.8
Other operating expenses	0	0	0	0	0	0
Operating income	76.2	−10.7	−75.0	29.8	329	167
Net interest income (expense)	128	143	166	135	182	748
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−3.2	−3.2	−17.1	−4.5	2.7	2.2
Net income before taxes	201	129	74.0	160	514	918
Provision for taxes	46.3	33.8	39.0	34.5	115	176
Minority interest	1.1	1.1	−7.2	−12.6	−19.9	−17.7
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	156	96.1	27.8	113	379	724
Extraordinary items	–	–	82.8	143	–	–
Net income	156	96.1	111	257	379	724
EBIT, normalized	83.3	50.6	1.5	36.5	315	288
EBITDA, normalized	141	98.9	82.3	149	414	376
Basic EPS, normalized	3.37	3.07	2.84	5.86	7.30	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Worthington Enterprises, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	27.7	250	244	455	34.5	640
Receivables	248	229	217	697	878	642
Total inventory	207	169	165	608	759	565
Prepaid expenses	41.3	37.4	47.9	105	93.7	69.0
Other current assets	0	0	0	3.4	20.3	52.0
Total current assets	524	685	674	1,868	1,786	1,968
Property, plant & equipment	354	293	246	776	795	550
Goodwill	501	376	332	415	401	351
Intangibles	323	190	221	314	299	240
Long-term investments	118	129	145	253	327	233
Note receivable	–	–	–	–	–	–
Other long-term assets	28.2	20.7	21.3	25.3	34.4	30.6
Total assets	1,848	1,695	1,639	3,651	3,643	3,373
Liabilities
Accounts payable	115	103	91.6	529	668	567
Payable/accrued	–	–	–	–	–	–
Accrued expenses	95.5	84.4	77.3	160	199	200
Short-term debt	0	0	0	2.8	48.0	0
Current portion of long-term debt	–	–	0	0.3	0.3	0.5
Other current liabilities	10.7	9.3	9.5	25.8	16.3	20.2
Total current liabilities	221	197	178	718	932	788
Long-term debt	306	303	298	690	696	710
Minority interest	0	1.1	2.1	126	133	154
Other liabilities	294	257	271	422	400	324
Total liabilities	821	758	750	1,955	2,162	1,975
Shareholders' equity
Preferred stock	–	–	–	0	0	0
Common stock	–	–	–	0	0	0
Additional paid-in capital	312	309	299	291	273	283
Retained earnings (accumulated deficit)	704	625	589	1,428	1,230	1,070
Treasury stock	–	–	–	–	–	–
Other equity	10.9	4.1	0.5	−23.2	−22.9	45.4
Total equity	1,027	937	889	1,696	1,481	1,398
Total liabilities & shareholders' equity	1,848	1,695	1,639	3,651	3,643	3,373

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Worthington Enterprises, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	155	95.0	118	269	399	741
Depreciation, depletion & amortization	57.3	48.3	80.7	113	98.8	87.7
Deferred taxes	8.4	−18.4	2.8	−15.5	19.2	4.8
Non-cash items	23.7	84.2	98.0	99.3	−110	−581
Changes in working capital	−18.3	0.7	−9.3	160	−338	21.0
Cash from operations	226	210	290	625	70.1	274
Investing activities
Capital expenditures	−55.9	−50.6	−83.5	−86.4	−94.6	−82.2
Other investing cash flows	−304	−84.5	−57.3	14.6	−344	551
Cash from investing	−360	−135	−141	−71.8	−438	469
Financing activities
Financing cash flow items	–	–	−70.0	−20.2	−35.2	−10.7
Cash dividends paid	−36.9	−33.9	−56.8	−59.2	−57.2	−53.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−51.5	−34.9	−233	−53.6	−145	−186
Cash from financing	−88.4	−68.8	−360	−133	−238	−250
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−222	5.8	−211	420	−606	493
Free cash flow	170	159	206	539	−24.5	192

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.