Worthington Enterprises, Inc. operates as an industrial manufacturing company. It operates through two segments, Consumer Products and Building Products. The Consumer Products segment provides products in the tools, outdoor living, and celebrations end markets. The segment's products include hand-held torches, micro torches, lighters, accessories, and fuel for constructing, fixing making, and creating; precision and specialty hand, digital, and safety tools; drywall tools and accessories used for finishing and taping, cutting, siding, and roofing; propane-filled cylinders for torches, camping stoves and other applications, helium-filled balloon kits, and gas grills and pizza ovens. This segment sells its products primarily to mass merchandisers, retailers, and distributors under the Balloon Time, Bernzomatic, Coleman, Garden-Weasel, General, Halo, Hawkeye, Level5, Mag-Torch, Pactool International, and Worthington Pro Grade brands. The Building Products segment provides pressurized containment solutions, such as refrigerant gas cylinders used in holding refrigerant gases for commercial, residential, and automotive air conditioning, and refrigeration systems; liquefied petroleum gas cylinders that holds fuel for residential and light commercial heating systems, barbeque grills and recreational vehicle equipment, industrial forklifts, and commercial/residential cooking; well water and expansion tanks used primarily in the residential and commercial markets; specialty products, including various fire suppression tanks, chemical tanks, and foam and adhesive tanks; and ceiling suspension systems. The company was formerly known as Worthington Industries, Inc. Worthington Enterprises, Inc. was founded in 1955 and is headquartered in Columbus, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $179M | $96M | $159M | 10.2% | -7.4% | -13.2% |
| 2024 | $1.2B | $156M | $111M | $206M | 12.4% | -12.2% | -56.9% |
| 2023 | $1.4B | $291M | $257M | $539M | 15.1% | 8.3% | -32.4% |
| 2022 | $1.3B | $333M | $379M | $-24M | 25.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,309.19 | 1,418.50 | 1,245.70 | 1,153.76 |
| Operating Revenue | 1,309.19 | 1,418.50 | 1,245.70 | 1,153.76 |
| Cost Of Revenue | 981.58 | 1,094.91 | 960.68 | 834.73 |
| Gross Profit | 327.61 | 323.59 | 285.02 | 319.04 |
| Operating Expense | 281.43 | 287.12 | 283.47 | 268.41 |
| Selling General And Administration | 281.43 | 287.12 | 283.47 | 268.41 |
| Total Expenses | 1,263.01 | 1,382.03 | 1,244.16 | 1,103.14 |
| Operating Income | 46.18 | 36.47 | 1.55 | 50.62 |
| Total Operating Income As Reported | 48.79 | 29.82 | -73.46 | -10.72 |
| EBITDA | 333.33 | 291.38 | 156.30 | 179.16 |
| Normalized EBITDA | 330.71 | 298.04 | 232.84 | 240.50 |
| EBIT | 234.50 | 178.58 | 75.59 | 130.90 |
| Interest Expense | 23.85 | 18.30 | 1.59 | 2.09 |
| Net Interest Income | -23.85 | -18.30 | -1.59 | -2.09 |
| Other Non Operating Income Expenses | 1.85 | -4.50 | -17.13 | -3.22 |
| Other Income Expense | 188.32 | 142.11 | 74.05 | 80.28 |
| Interest Expense Non Operating | 23.85 | 18.30 | 1.59 | 2.09 |
| Net Non Operating Interest Income Expense | -23.85 | -18.30 | -1.59 | -2.09 |
| Pretax Income | 210.65 | 160.29 | 74.01 | 128.81 |
| Tax Provision | 52.70 | 34.53 | 39.03 | 33.84 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0.65 | -1.43 | -16.07 | -16.01 |
| Net Income Continuous Operations | 157.95 | 125.75 | 34.98 | 94.97 |
| Net Income From Continuing And Discontinued Operation | 379.39 | 256.53 | 110.62 | 96.05 |
| Net Income From Continuing Operation Net Minority Interest | 138.07 | 113.11 | 27.78 | 96.05 |
| Net Income | 379.39 | 256.53 | 110.62 | 96.05 |
| Net Income Common Stockholders | 379.39 | 256.53 | 110.62 | 96.05 |
| Net Income Including Noncontrolling Interests | 399.26 | 269.17 | 117.82 | 94.97 |
| Normalized Income | 136.11 | 118.33 | 88.25 | 141.38 |
| Diluted NI Availto Com Stockholders | 379.39 | 256.53 | 110.62 | 96.05 |
| Basic Average Shares | 49.94 | 48.57 | 49.20 | 49.40 |
| Diluted Average Shares | 50.99 | 49.39 | 50.35 | 50.13 |
| Reconciled Depreciation | 98.83 | 112.80 | 80.70 | 48.26 |
| Reconciled Cost Of Revenue | 981.58 | 1,094.91 | 960.68 | 834.73 |
| Total Unusual Items | 2.62 | -6.65 | -76.54 | -61.34 |
| Total Unusual Items Excluding Goodwill | 2.62 | -6.65 | -76.54 | -61.34 |
| Minority Interests | -19.88 | -12.64 | -7.20 | 1.08 |
| Net Income Discontinuous Operations | 241.32 | 143.42 | 82.84 | 0 |
| Special Income Charges | 2.62 | -6.65 | -76.54 | -61.34 |
| Gain On Sale Of Business | 0 | -6.53 | -43.21 | 0 |
| Other Special Charges | -0.86 | - | 1.53 | - |
| Impairment Of Capital Assets | 0 | 0.48 | 32.98 | 50.81 |
| Restructuring And Mergern Acquisition | -2.62 | 0.81 | -1.18 | 10.43 |
| Gain On Sale Of Ppe | 15.79 | 1.18 | - | -0.10 |
| Earnings From Equity Interest | 183.86 | 153.26 | 167.72 | 144.84 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Worthington Enterprises, Inc.this co. | WOR | $2.9B | 29.77β premium | 3.05 | 10.2% | 16.38 |
| ArcBest Corporation | ARCB | $3.3B | 54.12 | 2.51 | 4.6% | 13.60 |
| Robert Half Inc. | RHI | $3.2B | 24.31 | 2.53 | 10.4% | 19.06 |
| Hayward Holdings, Inc. | HAYW | $3.1B | 20.30 | 1.93 | 9.5% | 12.31 |
| Hub Group, Inc. | HUBG | $2.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 25.63 |
| 1.62 |
| 6.3% |
| 9.06 |
| Werner Enterprises, Inc. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 | 1.95 | 7.3% | 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 | 5.02 | 17.8% | 14.18 |
| Peer Median | - | 25.63 | 2.18 | 8.4% | 11.55 | |