Worthington Enterprises (WOR)


Market Price (10/2/2026): $59.15 | Market Cap: $2.9 BilSector: Industrials | Industry: Building Products

Worthington Enterprises (WOR)


Market Price (10/2/2026): $59.15
Market Cap: $2.9 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7%, FCF Yield is 5.9%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%

Low stock price volatility
Vol 12M is 30%

Megatrend and thematic drivers
Megatrends include Hydrogen Economy, Water Infrastructure, and Sustainable & Green Buildings. Themes include Hydrogen Infrastructure, Show more.

Weak multi-year price returns
3Y Excs Rtn is -43%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%

Key risks
WOR key risks include [1] competition from foreign manufacturers and the threat of non-compliant products, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7%, FCF Yield is 5.9%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
3 Low stock price volatility
Vol 12M is 30%
4 Megatrend and thematic drivers
Megatrends include Hydrogen Economy, Water Infrastructure, and Sustainable & Green Buildings. Themes include Hydrogen Infrastructure, Show more.
5 Weak multi-year price returns
3Y Excs Rtn is -43%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%
7 Key risks
WOR key risks include [1] competition from foreign manufacturers and the threat of non-compliant products, Show more.

WOR in ETFs

Weight = WOR's share of each fund

VTI0.00%
ITOT0.00%
IWM0.06%
IJR0.11%
VIG0.01%
VYM0.01%
VB0.02%
SLYV0.12%
+15 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Worthington Enterprises (WOR) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Worthington Enterprises reported robust fiscal Q1 2027 financial results that significantly surpassed analyst expectations. The company announced on September 22, 2026, that its net sales for the quarter, ending August 31, 2026, increased by 13% year-over-year to $343.9 million, including 7% organic growth, beating analyst estimates of $330.2 million. Additionally, adjusted earnings per share (EPS) rose to $0.82, exceeding the consensus forecast of $0.75 by 9.3%.

2. The company demonstrated strong free cash flow generation, which nearly doubled year-over-year. For fiscal Q1 2027, Worthington Enterprises reported a substantial increase in free cash flow, reaching $54.0 million, up from $28.0 million in the same period last year. This significant improvement in cash flow indicates enhanced operational efficiency and provides the company with increased financial flexibility.

Show more
Updated on 10/1/2026

Worthington Enterprises (WOR) stock has gained about 10% since 6/30/2026 because of the following key factors:

1. Worthington Enterprises reported robust fiscal Q1 2027 financial results that significantly surpassed analyst expectations. The company announced on September 22, 2026, that its net sales for the quarter, ending August 31, 2026, increased by 13% year-over-year to $343.9 million, including 7% organic growth, beating analyst estimates of $330.2 million. Additionally, adjusted earnings per share (EPS) rose to $0.82, exceeding the consensus forecast of $0.75 by 9.3%.

2. The company demonstrated strong free cash flow generation, which nearly doubled year-over-year. For fiscal Q1 2027, Worthington Enterprises reported a substantial increase in free cash flow, reaching $54.0 million, up from $28.0 million in the same period last year. This significant improvement in cash flow indicates enhanced operational efficiency and provides the company with increased financial flexibility.

3. Surging demand from the data center market contributed significantly to the company's performance. Worthington Enterprises highlighted that its revenue from data center-related ASME tanks reached $13.0 million in fiscal Q1 2027, which matched the total revenue generated from this segment for the entire fiscal year 2026. Management expressed expectations for continued sequential growth in this area throughout the rest of fiscal 2027.

4. Positive analyst sentiment and increased price targets followed the strong earnings report. Following the fiscal Q1 2027 results, several analysts either maintained or upgraded their ratings and raised their price targets for Worthington Enterprises. For example, on September 24, 2026, Seaport Global increased its price target from $65 to $75, and Canaccord Genuity raised its target from $67 to $75, contributing to an average analyst price target between $70.40 and $75.00.

5. A strategic refocus and the renaming of business segments were positively received by investors. On September 15, 2026, Worthington Enterprises announced the renaming of its Building Products segment to Building Performance Solutions and its Consumer Products segment to Trade & Specialty Solutions, alongside plans for an Investor Day. This move was interpreted by investors as a strategic clarification of the company's focus on high-demand sectors such as construction, heating, cooling, and water applications, particularly those benefiting from data center expansion, leading to a stock jump of over 10% on September 16, 2026.

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Stock Movement Drivers

Fundamental Drivers

The 10.4% change in WOR stock from 6/30/2026 to 10/1/2026 was primarily driven by a 34.2% change in the company's Net Income Margin (%).
(LTM values as of)630202610012026Change
Stock Price ($)53.5759.1410.4%
Change Contribution By: 
Total Revenues ($ Mil)1,3281,3814.0%
Net Income Margin (%)8.4%11.3%34.2%
P/E Multiple23.518.5-21.4%
Shares Outstanding (Mil)49490.6%
Cumulative Contribution10.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/1/2026
ReturnCorrelation
WOR10.4% 
Market (SPY)2.3%43.8%
Sector (XLI)-9.0%49.4%

Fundamental Drivers

The 14.2% change in WOR stock from 3/31/2026 to 10/1/2026 was primarily driven by a 33.6% change in the company's Net Income Margin (%).
(LTM values as of)331202610012026Change
Stock Price ($)51.7959.1414.2%
Change Contribution By: 
Total Revenues ($ Mil)1,2541,38110.2%
Net Income Margin (%)8.5%11.3%33.6%
P/E Multiple24.018.5-23.0%
Shares Outstanding (Mil)49490.8%
Cumulative Contribution14.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/1/2026
ReturnCorrelation
WOR14.2% 
Market (SPY)17.8%39.9%
Sector (XLI)4.5%45.3%

Fundamental Drivers

The 8.1% change in WOR stock from 9/30/2025 to 10/1/2026 was primarily driven by a 35.7% change in the company's Net Income Margin (%).
(LTM values as of)930202510012026Change
Stock Price ($)54.7159.148.1%
Change Contribution By: 
Total Revenues ($ Mil)1,1541,38119.7%
Net Income Margin (%)8.3%11.3%35.7%
P/E Multiple28.118.5-34.1%
Shares Outstanding (Mil)49490.9%
Cumulative Contribution8.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/1/2026
ReturnCorrelation
WOR8.1% 
Market (SPY)15.6%36.0%
Sector (XLI)10.3%47.1%

Fundamental Drivers

The 50.4% change in WOR stock from 9/30/2023 to 10/1/2026 was primarily driven by a 148.0% change in the company's P/E Multiple.
(LTM values as of)930202310012026Change
Stock Price ($)39.3159.1450.4%
Change Contribution By: 
Total Revenues ($ Mil)3,2991,381-58.1%
Net Income Margin (%)7.8%11.3%45.3%
P/E Multiple7.518.5148.0%
Shares Outstanding (Mil)4949-0.3%
Cumulative Contribution50.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/1/2026
ReturnCorrelation
WOR50.4% 
Market (SPY)84.9%36.5%
Sector (XLI)73.0%46.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WOR Return8%-7%78%-29%30%17%93%
Peers Return25%-19%45%15%-22%7%40%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
WOR Win Rate58%33%67%33%67%78% 
Peers Win Rate62%40%52%55%43%51% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
WOR Max Drawdown-34%-38%-23%-42%-23%-20% 
Peers Max Drawdown-21%-44%-32%-23%-38%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LII, MAS, FBIN, NWL, GFF. See WOR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/1/2026 (YTD)

How Low Can It Go

EventWORS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.7%-9.5%
  % Gain to Breakeven24.6%10.5%
  Time to Breakeven42 days24 days
2023 SVB Regional Banking Crisis
  % Loss-12.7%-6.7%
  % Gain to Breakeven14.5%7.1%
  Time to Breakeven6 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-29.6%-24.5%
  % Gain to Breakeven42.1%32.4%
  Time to Breakeven41 days427 days
2020 COVID-19 Crash
  % Loss-44.7%-33.7%
  % Gain to Breakeven80.8%50.9%
  Time to Breakeven82 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-21.1%-19.2%
  % Gain to Breakeven26.8%23.8%
  Time to Breakeven348 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.5%-3.7%
  % Gain to Breakeven13.0%3.9%
  Time to Breakeven70 days6 days

Compare to LII, MAS, FBIN, NWL, GFF

In The Past

Worthington Enterprises's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventWORS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-29.6%-24.5%
  % Gain to Breakeven42.1%32.4%
  Time to Breakeven41 days427 days
2020 COVID-19 Crash
  % Loss-44.7%-33.7%
  % Gain to Breakeven80.8%50.9%
  Time to Breakeven82 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-21.1%-19.2%
  % Gain to Breakeven26.8%23.8%
  Time to Breakeven348 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.3%-12.2%
  % Gain to Breakeven28.6%13.9%
  Time to Breakeven13 days62 days
2014-2016 Oil Price Collapse
  % Loss-44.2%-6.8%
  % Gain to Breakeven79.2%7.3%
  Time to Breakeven254 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-42.1%-17.9%
  % Gain to Breakeven72.7%21.8%
  Time to Breakeven295 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-26.1%-15.4%
  % Gain to Breakeven35.3%18.2%
  Time to Breakeven125 days125 days
2008-2009 Global Financial Crisis
  % Loss-58.6%-53.4%
  % Gain to Breakeven141.4%114.4%
  Time to Breakeven303 days1085 days

Compare to LII, MAS, FBIN, NWL, GFF

In The Past

Worthington Enterprises's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Worthington Enterprises (WOR)

Worthington Enterprises (WOR) is an industrial manufacturing company that specializes in value-added steel processing and a diverse range of manufactured metal products, serving markets across North America and internationally. The company's operations are structured into four key segments, reflecting its broad industrial reach and diversified product portfolio.

One core segment, Steel Processing, focuses on processing flat-rolled steel for a wide array of industries including automotive, aerospace, construction, and appliance manufacturing. This segment also provides toll processing services to steel mills and various end-users. Beyond steel, Worthington Enterprises' Consumer Products segment offers tools, outdoor living goods, and celebration items under well-known brands like Coleman and Bernzomatic, while its Building Products segment supplies commercial and residential construction materials, water systems, and HVAC solutions.

Furthermore, Worthington Enterprises operates a Sustainable Energy Solutions segment, which provides critical on-board fueling systems and gas containment solutions. This segment supports the storage, transport, and distribution of industrial gases, hydrogen ecosystems, and compressed natural gas, positioning the company in the growing clean energy and industrial gas markets.

AI Analysis | Feedback

1. It's like a smaller, more focused 3M, specializing in steel processing and manufacturing a wide range of industrial and consumer products.

2. Think of it as a blend of Reliance Steel & Aluminum Co. (for its steel processing) and Stanley Black & Decker (for its diverse manufactured goods and consumer brands).

AI Analysis | Feedback

  • Steel Processing: Processes flat-rolled steel and provides toll processing services for various industrial customers.
  • Consumer Products: Offers tools, outdoor living items, and celebration products under numerous brand names such as Coleman and Bernzomatic.
  • Building Products: Supplies commercial and residential construction products, water systems, and heating and cooling solutions.
  • Sustainable Energy Solutions: Provides on-board fueling systems, gas containment solutions, and services for industrial gases, hydrogen, and compressed natural gas.

AI Analysis | Feedback

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  • Nucor Corporation (NUE)
  • Cleveland-Cliffs Inc. (CLF)
  • United States Steel Corporation (X)
  • Steel Dynamics, Inc. (STLD)

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Joseph Hayek, President & Chief Executive Officer

Joseph Hayek became President and Chief Executive Officer of Worthington Enterprises on November 1, 2024. Prior to this, he served as Executive Vice President, Chief Financial and Operations Officer for Worthington Enterprises following the December 2023 separation of the Steel Processing business from Worthington Industries. From 2018 to 2023, Hayek was Vice President and Chief Financial Officer of Worthington Industries, where he helped guide the company through the COVID-19 pandemic to achieve record earnings and was instrumental in the strategic initiative to separate the organization into Worthington Enterprises and Worthington Steel. His prior roles at Worthington include Vice President and General Manager of the oil and gas equipment business (2017-2018) and Vice President of Mergers & Acquisitions and Corporate Development (2014-2017). Before joining Worthington, Hayek was president of PCM/Sarcom, an IT solutions provider and the largest subsidiary of PCM, Inc., where he also served as Executive Vice President of Corporate Development and Investor Relations from 2008 to 2012. He also spent ten years in investment banking with Raymond James and Wachovia.

Colin Souza, Vice President & Chief Financial Officer

Colin Souza was appointed Vice President and Chief Financial Officer of Worthington Enterprises, effective November 1, 2024. He joined the Company in 2011 and has held various finance and strategy positions throughout his tenure. Souza previously served as Vice President of Finance, where he oversaw financial planning and analysis, corporate development, mergers and acquisitions, and corporate strategy and innovation. In 2023, he led the project management office for the Worthington 2024 strategic initiative, which resulted in the separation of the Steel Processing business into two standalone public companies. He has played a key role in accelerating business growth and maximizing shareholder value through various acquisitions and divestitures, including the acquisition of HALO™-branded pizza ovens, Hexagon Ragasco composite cylinders, and the formation of the Sustainable Energy Solutions joint venture with Hexagon Composites.

Jimmy Bowes, President – Building Products

Jimmy Bowes serves as President of Building Products for Worthington Enterprises. In this role, he leads the segment that delivers solutions for commercial and residential construction markets, including heating and cooling offerings, water systems, ceiling solutions, and metal framing.

Steven M. Caravati, President - Consumer Products

Steven M. Caravati is the President of Consumer Products at Worthington Enterprises. His segment focuses on innovative products under various market-leading brands such as Balloon Time, Bernzomatic, Garden Weasel, General, HALO, Hawkeye, Level5 Tools, Mag-Torch, and Pactool International.

Patrick Kennedy, Vice President - General Counsel & Secretary

Patrick Kennedy holds the position of Vice President, General Counsel and Secretary at Worthington Enterprises.

AI Analysis | Feedback

Worthington Enterprises (WOR) faces several key risks to its business, primarily stemming from its current focus on Consumer Products and Building Products segments following the spin-off of its steel processing business in December 2023.

1. Macroeconomic Headwinds and Cyclical Demand

Worthington Enterprises is significantly exposed to prevailing macroeconomic conditions, which directly influence demand in both its Consumer Products and Building Products segments. High inflation, elevated interest rates, and a cautious consumer environment have collectively led to reduced market demand for various products and created uncertainty in construction-related spending, particularly in the residential sector. These economic challenges can impact consumers' discretionary spending for outdoor living and celebration products, as well as commercial and residential repair, remodeling, and new construction activities.

2. Supply Chain Disruptions and Cost Volatility

The company's profitability and operational efficiency are vulnerable to ongoing supply chain disruptions and fluctuations in raw material and energy costs. Issues such as logistics delays, shortages of raw materials, and rising transportation expenses continue to challenge operations across the consumer packaged goods (CPG) and construction industries. These factors, compounded by inflationary pressures and increased labor costs, can squeeze profit margins and make it difficult to forecast future demand and plan for growth.

3. Intense Competition and Evolving Consumer/Market Preferences

Worthington Enterprises operates in highly competitive markets across both its Consumer Products and Building Products segments. In the consumer sector, market competition is fierce, and the company must contend with shifting consumer preferences, including a growing demand for more value, healthier, and eco-friendly products. Consumers are increasingly unwilling to pay higher prices, leading to significant pushback from retailers against price increases. Similarly, the Building Products segment must adapt to competitive pricing pressures and evolving industry standards, while maintaining product quality and innovation to meet market expectations.

AI Analysis | Feedback

1. **Direct-to-Consumer (DTC) E-commerce and Brand Disruption in Consumer Products:** The increasing prevalence of digitally native, direct-to-consumer brands leveraging e-commerce platforms poses a significant threat to Worthington's established consumer brands (e.g., Coleman, Bernzomatic, Balloon Time). These agile DTC competitors can capture niche markets, offer specialized products, and build customer loyalty more rapidly and cost-effectively online, potentially eroding market share and brand relevance for traditional brands that rely on broader retail distribution. This shift in sales and marketing channels mirrors the disruption seen in other consumer-facing industries.

2. **Rapid Technological Obsolescence in Sustainable Energy Solutions:** The "hydrogen ecosystem" and broader alternative energy storage/transport sectors are nascent and evolving at an accelerated pace. Worthington's focus on "on-board fueling systems" and "gas containment solutions" for industrial gases, hydrogen, and compressed natural gas could face obsolescence if breakthrough technologies or superior, more cost-effective solutions emerge from competitors or new entrants. A fundamental shift in material science, storage methods, or dominant energy vectors (e.g., advanced batteries overshadowing hydrogen fuel cells in certain applications) could quickly diminish the market for their current offerings in this dynamic segment.

AI Analysis | Feedback

Worthington Enterprises (symbol: WOR) operates in diverse markets. The addressable market sizes for its main products and services are primarily in North America and globally:

Steel Processing

  • The North America flat steel market was valued at USD 555.4 billion in 2023 and is projected to reach USD 939.8 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. North America held the largest share of global flat steel market revenue in 2023, at 49.43%.
  • The U.S. flat steel market was valued at USD 77.62 billion in 2022 and is projected to grow at a CAGR of 4.6% to reach USD 79.963 billion by 2030.
  • The North America automotive steel market is estimated to reach USD 31.8 billion by 2031, with a CAGR of 3.1% from 2025 to 2031. The U.S. automotive steel market generated USD 15,154.0 million in revenue in 2024 and is expected to reach USD 20,564.9 million by 2030, growing at a CAGR of 5.2% from 2025 to 2030. Globally, the automotive steel market was valued at USD 112.93 billion in 2021 and is projected to expand to USD 173.2 billion by 2035.

Consumer Products

  • The global outdoor living products market size was estimated at USD 158.61 billion in 2024 and is projected to grow to USD 228.44 billion by 2035, exhibiting a CAGR of 3.37% from 2025 to 2035. North America is the largest market for outdoor living products, accounting for approximately 45% of the global market share. The U.S. outdoor living product market was analyzed at USD 43 billion for 2021 and 2022, with a forecast of USD 41 billion in 2023.
  • The North America gardening tools market size was valued at US$ 2.1 billion in 2025 and is projected to reach US$ 2.8 billion by 2032, with a CAGR of 3.8% between 2025 and 2032.
  • The North America party supplies market is valued at USD 5 billion. Other reports indicate North America held a 41.2% market share, valued at USD 5.56 billion, and USD 6.14 billion in 2025. North America is the largest market for party supplies, accounting for approximately 45% of the global market share. The global party supplies market was valued at USD 13.5 billion in 2023 and is expected to reach USD 30.8 billion by 2033, at a CAGR of 8.6%.

Building Products

  • The North America construction market is estimated to grow from USD 2.3 trillion in 2023 to around USD 3.53 trillion by 2031, at a CAGR of 5.3% from 2024 to 2031. Another estimate places the North America Construction Market size at USD 3.89 trillion in 2026, growing to USD 5.06 trillion by 2031, at a 5.42% CAGR. The North American residential construction market recorded revenues of USD 1,294,409 million in 2024.
  • The North America building and construction sheets market generated a revenue of USD 35,786.3 million in 2024 and is expected to reach USD 49,894.9 million by 2030, with a CAGR of 5.7% from 2025 to 2030.
  • The North America water treatment system market was valued at US$ 15,740.15 million in 2023 and is projected to reach US$ 24,241.49 million by 2031, registering a CAGR of 5.5% from 2023 to 2031. Specifically, the North America household water treatment system market was valued at USD 4,649.3 million in 2022 and is projected to exceed USD 8,755.1 million by 2032, growing at a CAGR of 6.5%. The North America point of entry water treatment systems market size was exhibited at USD 2.15 billion in 2023 and is projected to hit around USD 3.40 billion by 2033, growing at a CAGR of 4.7%.
  • The North America HVAC services market size was estimated at USD 39.41 billion in 2024 and is projected to grow at a CAGR of 4.3% from 2025 to 2030. The North America HVAC systems market generated a revenue of USD 38,382.8 million in 2024 and is expected to reach USD 70,057.9 million by 2033, at a CAGR of 7% from 2025 to 2033. The North America HVAC equipment market size is expected to grow from USD 31.12 billion in 2025 to USD 48.66 billion by 2031, at a 7.93% CAGR.

Sustainable Energy Solutions

  • The global industrial gases market size was valued at USD 118.9 billion in 2024 and is projected to reach USD 222.7 billion by 2033, growing at a CAGR of 6.7%. The North America industrial gases market holds a 21% global market share with a projected 4.5% CAGR through 2032.
  • The global hydrogen fueling station market size was estimated at USD 832.5 million in 2024 and is projected to reach USD 3214.8 million by 2030, growing at a CAGR of 26.3% from 2025 to 2030. North America is reported as the largest market for hydrogen fueling stations, holding approximately 45% of the global market share.
  • The global CNG filling station market size is estimated at USD 8 billion in 2023, with projections to reach USD 13 billion by 2030, growing at a CAGR of 7%. The Compressed Natural Gas Dispenser Market size is expected to grow from USD 290.75 million in 2025 to USD 492.61 million by 2031, at a 9.18% CAGR. The global natural gas refueling stations market (which includes CNG) is expected to be worth around USD 2.1 billion in 2024, reaching USD 4.1 billion by 2034, growing at a CAGR of 6.8%.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Worthington Enterprises (WOR) over the next 2-3 years:
  • Strategic Acquisitions: Worthington Enterprises identifies acquisitions as a key component of its growth strategy, using it as one of its three primary growth drivers alongside innovation and transformation. Recent examples include the acquisition of Elgen Manufacturing, which contributed significantly to the Building Products segment's revenue, and the planned acquisition of LSI Group, set to bolster its commercial metal roof clips, accessories, and retrofit systems offerings. The acquisition of Hexagon Ragasco, a leader in lightweight LPG composite cylinders, also integrates into the Building Products segment and expands its market presence.
  • Organic Growth in Building Products Segment: The Building Products segment has consistently been a strong performer, experiencing substantial sales growth driven by increased volumes. This growth is fueled by initiatives such as supporting the refrigerant industry's transition to more environmentally friendly refrigerants and enhancements in capacity and throughput for heating and cooking products.
  • Innovation and New Product Development: Innovation is a foundational element of Worthington Enterprises' business system and a significant driver of future revenue. The company has seen success with new product launches like the Balloon Time Mini and A2L refrigerant cylinders, which are designed to capture new market share and attract new customers.
  • Leveraging the Sustainable Energy Transition: Worthington Enterprises is strategically positioned to benefit from the global clean energy transition. Through its 49% ownership in the Sustainable Energy Solutions (SES) joint venture with Hexagon Composites and the acquisition of Hexagon Ragasco, the company is focusing on the storage, transport, and distribution of hydrogen, compressed natural gas, and lightweight LPG composite cylinders, aligning with the growing demand for cleaner energy solutions.

AI Analysis | Feedback

Here is a summary of Worthington Enterprises' (symbol: WOR) capital allocation decisions over the last 3-5 years:

Share Repurchases

  • Worthington Enterprises repurchased 250,000 common shares for $13.7 million during the second quarter of fiscal 2026 (ended November 30, 2025). This left 5,015,000 common shares remaining on the company's repurchase authorization.
  • During the first quarter of fiscal 2026 (ended August 31, 2025), the company repurchased 100,000 common shares for $6.3 million, with 5,265,000 common shares remaining on the repurchase authorization at that time.
  • Prior to the spin-off, on March 24, 2021, Worthington Industries' board authorized the repurchase of up to an additional 5,618,464 common shares, increasing the total shares available for repurchase to 10,000,000.

Share Issuance

  • On December 1, 2023, Worthington Industries completed the spin-off of its Steel Processing business into Worthington Steel, Inc. As part of this separation, Worthington Industries shareholders received one common share of Worthington Steel for every one common share of Worthington Industries they held. The remaining company was renamed Worthington Enterprises.
  • The number of outstanding shares for Worthington Enterprises was 49,160,000 as of February 2026, and 49,160,000 at the end of 2025, which reflects a slight decrease from 49,460,000 in 2024, primarily due to share repurchases.

Outbound Investments

  • Worthington Enterprises completed the acquisition of LSI Group, LLC, a manufacturer of metal roof components, for approximately $205 million on January 16, 2026. The acquisition was funded primarily with existing cash and borrowings under revolving credit facilities.
  • On June 18, 2025, the company acquired Elgen Manufacturing, a designer and manufacturer of HVAC components, ductwork, and structural framing, for $91.2 million (net of cash acquired).
  • Worthington Enterprises acquired Hexagon Ragasco, a leading manufacturer of composite propane cylinders, for approximately $98 million on June 3, 2024.
  • On October 16, 2025, Worthington Enterprises divested its 49% interest in the Sustainable Energy Solutions (SES) joint venture's composite business.

Capital Expenditures

  • During the second quarter of fiscal 2026 (ended November 30, 2025), Worthington Enterprises invested $12.4 million in capital expenditures, with approximately $5.8 million related to ongoing facility modernization projects.
  • In the first quarter of fiscal 2026 (ended August 31, 2025), capital expenditures totaled $13.2 million, including approximately $8.6 million for ongoing facility modernization projects.

Better Bets vs. Worthington Enterprises (WOR)

Peer Outperformance in Building Products

WOR has outperformed 78% of its 23 Building Products peers over 5Y. Building Products ranks 14th of 20 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Building Products constituents that WOR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
79%
of 24 industry peers · 8.7% return
3Y
75%
of 24 industry peers · 50.5% return
5Y
78%
of 23 industry peers · 79.7% return
No Building Products peer with a comparable growth profile has beaten WOR by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Building Products is WOR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 19 15.7%207.1%203.4% FIX 2222% · STRL 2110% · AGX 830%
Electrical Components & Equipment 16 32.9%107.7%114.9% POWL 2384% · BE 1403% · VRT 908%
Trading Companies & Distributors 10 7.5%72.3%106.7% DXPE 493% · AIT 286% · WCC 220%
Construction Machinery & Heavy Transportation Equipment 13 3.2%45.0%101.1% CAT 363% · ALSN 249% · WAB 234%
Aerospace & Defense 24 -2.8%65.0%96.0% ATI 1004% · HWM 614% · MOG-A 417%
Industrial Conglomerates 5 9.0%55.7%70.5% CSW 128% · DD 72% · CSL 70%
Diversified Support Services 10 9.4%35.8%51.6% CXW 266% · CACI 137% · CTAS 112%
Industrial Machinery & Supplies & Components 41 12.0%56.8%51.2% CRS 1087% · MLI 530% · NPO 268%
Rail Transportation 3 18.5%58.9%51.1% CSX 64% · UNP 51% · NSC 41%
Cargo Ground Transportation 12 40.8%9.5%40.0% XPO 265% · R 213% · ARCB 57%
Office Services & Supplies 6 12.6%34.8%37.0% PBI 169% · TILE 125% · HNI 45%
Air Freight & Logistics 6 17.9%12.4%30.7% CHRW 100% · FDX 78% · EXPD 71%
Environmental & Facilities Services 8 -6.6%39.8%30.2% GEO 316% · CLH 191% · RSG 82%
Building Products ← 24 -13.9%5.4%27.1% GFF 346% · TT 180% · JCI 143%
Agricultural & Farm Machinery 5 22.9%16.4%3.5% DE 108% · TTC 8% · AGCO 3%
Passenger Ground Transportation 3 -30.3%44.7%-8.4% UBER 44% · CAR -8% · LYFT -73%
Passenger Airlines 8 18.3%35.6%-26.3% UAL 118% · DAL 92% · SKYW 88%
Data Processing & Outsourced Services 6 -34.8%-14.1%-27.1% EXLS 44% · BR 6% · G -22%
Research & Consulting Services 7 -26.6%-20.3%-34.9% FCN 5% · BAH -4% · VRSK -13%
Human Resource & Employment Services 10 6.8%-10.9%-43.5% ADP 46% · KFY 7% · PAYX 2%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

WORLIIMASFBINNWLGFFMedian
NameWorthing.Lennox I.Masco Fortune .Newell B.Griffon  
Mkt Price59.15360.7768.2738.525.3093.1463.71
Mkt Cap2.912.513.64.62.34.14.3
Rev LTM1,3815,3027,6204,3927,2462,7524,847
Op Inc LTM831,0691,343607596461602
FCF LTM1707391,126400118270335
FCF 3Y Avg179657989430159302366
CFO LTM2268951,291496331313414
CFO 3Y Avg2428371,160594403365499

Growth & Margins

WORLIIMASFBINNWLGFFMedian
NameWorthing.Lennox I.Masco Fortune .Newell B.Griffon  
Rev Chg LTM19.7%-2.1%-0.6%-2.3%-2.0%26.9%-1.3%
Rev Chg 3Y Avg-16.6%3.5%-2.5%-0.9%-5.3%1.6%-1.7%
Rev Chg Q16.9%3.0%-2.9%-4.1%3.0%7.0%3.0%
QoQ Delta Rev Chg LTM4.0%0.8%-0.8%-1.1%0.8%1.2%0.8%
Op Inc Chg LTM64.6%-0.3%-0.1%-11.8%27.9%7.4%3.6%
Op Inc Chg 3Y Avg1,044.8%13.8%1.5%-5.5%14.3%16.2%14.1%
Op Mgn LTM6.0%20.2%17.6%13.8%8.2%16.7%15.3%
Op Mgn 3Y Avg3.5%19.4%17.5%14.8%6.6%17.0%15.9%
QoQ Delta Op Mgn LTM-0.1%0.1%0.9%1.1%1.5%-0.0%0.5%
CFO/Rev LTM16.4%16.9%16.9%11.3%4.6%11.4%13.9%
CFO/Rev 3Y Avg19.3%16.0%15.0%13.0%5.3%14.7%14.9%
FCF/Rev LTM12.3%13.9%14.8%9.1%1.6%9.8%11.1%
FCF/Rev 3Y Avg14.2%12.5%12.8%9.4%2.1%12.2%12.3%

Valuation

WORLIIMASFBINNWLGFFMedian
NameWorthing.Lennox I.Masco Fortune .Newell B.Griffon  
Mkt Cap2.912.513.64.62.34.14.3
P/S2.12.41.81.00.31.51.6
P/Op Inc34.611.710.17.63.88.99.5
P/EBIT13.911.910.215.614.68.712.9
P/E18.515.815.430.9-10.222.917.1
P/CFO12.814.010.59.36.813.111.6
Total Yield6.7%7.8%8.4%5.9%-4.2%5.3%6.3%
Dividend Yield1.3%1.5%1.9%2.7%5.6%1.0%1.7%
FCF Yield 3Y Avg6.8%3.3%6.7%6.2%5.8%8.9%6.4%
D/E0.10.20.30.62.50.30.3
Net D/E0.10.20.20.62.40.30.3

Returns

WORLIIMASFBINNWLGFFMedian
NameWorthing.Lennox I.Masco Fortune .Newell B.Griffon  
1M Rtn4.6%-4.0%-2.8%-9.9%-10.7%-1.4%-3.4%
3M Rtn8.8%-36.5%-17.2%-27.2%-8.0%0.5%-12.6%
6M Rtn14.4%-20.2%16.5%4.8%61.5%31.0%15.5%
12M Rtn8.7%-32.0%-1.0%-25.6%8.6%23.6%3.8%
3Y Rtn50.5%0.7%36.2%-33.3%-29.0%142.7%18.4%
1M Excs Rtn4.2%-4.5%-3.3%-10.4%-11.1%-1.8%-3.9%
3M Excs Rtn6.3%-38.9%-19.6%-29.6%-10.4%-1.9%-15.0%
6M Excs Rtn-3.2%-38.5%-3.1%-14.6%38.5%11.1%-3.1%
12M Excs Rtn-6.5%-45.7%-15.8%-40.8%-6.4%8.9%-11.2%
3Y Excs Rtn-43.4%-77.8%-43.4%-113.5%-107.9%66.0%-60.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Building Products654619717673402
Consumer Products500495555505524
Other0131146 51
Unallocated corporate and other000131 
Steel Processing    2,059
Sustainable Energy Solutions    135
Total1,1541,2461,4181,3093,171


Operating Income by Segment
$ Mil20212020201920182017
Steel Processing2094190153170
Pressure Cylinders939702354
Unallocated corporate and other2-2   
Other-1-55-0-23-4
Incremental expenses related to Nikola gains-51    
Engineered Cabs  -15-11-8
Total16722145142213


Assets by Segment
$ Mil20252024202320222021
Building Products796673636577 
Consumer Products531558615681 
Unallocated corporate and other368365   
Other 43511188950
Steel Processing  1,7592,0831,268
Sustainable Energy Solutions  130114 
Pressure Cylinders    1,156
Total1,6951,6393,6513,6433,373


Price Behavior

Price Behavior
Market Price$59.14 
Market Cap ($ Bil)2.9 
First Trading Date03/26/1990 
Distance from 52W High-5.0% 
   50 Days200 Days
DMA Price$57.89$55.04
DMA Trendupup
Distance from DMA2.2%7.5%
 3M1YR
Volatility34.6%30.1%
Downside Capture173.0698.73
Upside Capture195.4792.03
Correlation (SPY)44.1%36.0%
WOR Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.541.601.371.030.840.85
Up Beta-2.350.870.270.680.741.06
Down Beta1.040.750.870.480.620.41
Up Capture240%213%221%132%90%79%
Bmk +ve Days6162766132424
Stock +ve Days11213671137391
Down Capture133%173%154%135%99%100%
Bmk -ve Days16263760120328
Stock -ve Days11212855112355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WOR
WOR8.1%30.1%0.26-
Sector ETF (XLI)10.3%17.3%0.4047.1%
Equity (SPY)15.7%13.0%0.8536.0%
Gold (GLD)7.7%29.6%0.2517.5%
Commodities (DBC)43.7%20.8%1.64-27.2%
Real Estate (VNQ)1.2%13.6%-0.1631.4%
Bitcoin (BTCUSD)-27.0%44.5%-0.5814.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WOR
WOR12.6%38.3%0.40-
Sector ETF (XLI)12.5%17.6%0.5453.9%
Equity (SPY)13.0%17.2%0.5746.9%
Gold (GLD)18.6%18.9%0.808.9%
Commodities (DBC)10.3%19.6%0.407.1%
Real Estate (VNQ)0.4%18.9%-0.0840.6%
Bitcoin (BTCUSD)13.2%52.3%0.4317.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WOR
WOR9.8%39.9%0.36-
Sector ETF (XLI)13.2%20.0%0.5863.1%
Equity (SPY)15.3%17.9%0.7256.6%
Gold (GLD)11.6%16.4%0.586.6%
Commodities (DBC)8.2%18.1%0.3720.3%
Real Estate (VNQ)4.4%20.7%0.1748.2%
Bitcoin (BTCUSD)63.9%66.2%1.0415.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity1.3 Mil
Short Interest: % Change Since 831202621.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest3.4 days
Basic Shares Quantity48.8 Mil
Short % of Basic Shares2.6%

Earnings Returns History

Updated 9/30/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/25/2026-2.2%  
6/26/2026-4.6%-2.6%1.5%
3/27/20260.6%2.7%9.8%
12/19/20250.8%-0.4%2.2%
9/26/20250.6%2.3%3.5%
6/30/20251.3%1.4%-2.6%
3/28/2025-0.8%-8.0%-0.1%
12/20/20240.6%-1.8%2.5%
...
SUMMARY STATS   
# Positive151216
# Negative10128
Median Positive0.8%3.2%7.4%
Median Negative-1.5%-2.9%-3.6%
Max Positive15.5%19.8%20.1%
Max Negative-4.6%-8.0%-5.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/25/2026-2.2%  
6/26/2026-4.6%-2.6%1.5%
3/27/20260.6%2.7%9.8%
12/19/20250.8%-0.4%2.2%
9/26/20250.6%2.3%3.5%
6/30/20251.3%1.4%-2.6%
3/28/2025-0.8%-8.0%-0.1%
12/20/20240.6%-1.8%2.5%
9/30/2024-0.7%0.8%-5.8%
7/1/2024-0.2%-4.5%10.2%
3/25/2024-2.9%-5.4%-5.6%
12/22/20230.8%-2.9%-4.6%
10/3/20230.7%0.5%2.5%
7/6/20230.3%5.5%5.6%
3/22/202315.5%19.8%15.3%
12/28/20223.0%3.8%14.6%
10/5/2022-2.8%-2.9%7.5%
6/28/2022-1.8%-3.4%9.4%
3/28/20220.8%1.3%-4.9%
12/21/20211.7%6.7%1.1%
10/4/2021-1.1%-4.1%-1.6%
6/29/20211.4%-0.2%7.3%
3/30/2021-0.9%-0.0%-2.1%
12/22/20201.3%5.1%10.4%
9/28/20200.5%10.2%20.1%
SUMMARY STATS   
# Positive151216
# Negative10128
Median Positive0.8%3.2%7.4%
Median Negative-1.5%-2.9%-3.6%
Max Positive15.5%19.8%20.1%
Max Negative-4.6%-8.0%-5.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
05/31/202607/30/202610-K
02/28/202604/09/202610-Q
11/30/202501/09/202610-Q
08/31/202510/08/202510-Q
05/31/202507/30/202510-K
02/28/202504/09/202510-Q
11/30/202401/10/202510-Q
08/31/202410/07/202410-Q
05/31/202407/30/202410-K
02/29/202404/09/202410-Q
11/30/202301/09/202410-Q
08/31/202310/04/202310-Q
05/31/202307/31/202310-K
02/28/202304/10/202310-Q
11/30/202201/09/202310-Q
08/31/202210/11/202210-Q
Collapse to Preview
Report DateFiling DateFiling
05/31/202607/30/202610-K
02/28/202604/09/202610-Q
11/30/202501/09/202610-Q
08/31/202510/08/202510-Q
05/31/202507/30/202510-K
02/28/202504/09/202510-Q
11/30/202401/10/202510-Q
08/31/202410/07/202410-Q
05/31/202407/30/202410-K
02/29/202404/09/202410-Q
11/30/202301/09/202410-Q
08/31/202310/04/202310-Q
05/31/202307/31/202310-K
02/28/202304/10/202310-Q
11/30/202201/09/202310-Q
08/31/202210/11/202210-Q
05/31/202208/01/202210-K
02/28/202204/11/202210-Q
11/30/202101/10/202210-Q
08/31/202110/12/202110-Q
05/31/202107/30/202110-K
02/28/202104/09/202110-Q
11/30/202001/11/202110-Q
08/31/202010/13/202010-Q
05/31/202007/31/202010-K
02/29/202004/09/202010-Q
11/30/201901/09/202010-Q
08/31/201910/10/201910-Q

Recent Forward Guidance

Updated 9/28/2026

Latest: Q1 2027 Earnings Reported 9/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2027 DividendsReported 0.2    


Prior: Q4 2026 Earnings Reported 6/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 ASME Tank Shipments for Data CentersReported 13.00 Mil    

Q3 2026 Earnings Reported 3/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Facility Modernization CompletionReported      

Q2 2026 Earnings Reported 12/19/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Gross MarginReported 30.0%    
2026 SG&A % of salesReported 20.0%    

Insider Activity

Updated 9/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McConnell, John P/oh DirectSell929202660.4342,4912,567,54480,707,342Form
2McConnell, John P/oh DirectSell928202660.7934,6222,104,76181,197,505Form
3McConnell, John P/oh DirectSell928202659.7634,6222,068,85479,812,289Form
4McConnell, John P/oh DirectSell721202653.0417,625934,83070,842,770Form
5McConnell, John P/oh DirectSell721202655.8541,7042,329,36974,602,364Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McConnell, John P/oh DirectSell929202660.4342,4912,567,54480,707,342Form
2McConnell, John P/oh DirectSell928202660.7934,6222,104,76181,197,505Form
3McConnell, John P/oh DirectSell928202659.7634,6222,068,85479,812,289Form
4McConnell, John P/oh DirectSell721202653.0417,625934,83070,842,770Form
5McConnell, John P/oh DirectSell721202655.8541,7042,329,36974,602,364Form
6McConnell, John P/oh DirectSell721202661.0455,0813,362,26981,530,969Form
7McConnell, John P/oh DirectSell721202659.1526,7531,582,54479,008,769Form
8Endres, Michael J DirectBuy926202552.9510,000529,5005,057,996Form
9McConnell, John H II DirectBuy926202553.31452,3992,008,475Form
Core Cache Last Updated: 10/1/2026