Worthington Industries, Inc. (WOR) Balance Sheet
WOR balance sheet, FY2026
May 31, 2026 · U.S. dollars$1.85B assets = $821.0M liabilities + $1.03B equity
Both columns are drawn to the same scale: what WOR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WOR financial health
Descriptive bands, not a rating. Fiscal FY2026.
WOR balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.33BFY2017 | $1.85BFY2026 | −2.5%/yr | |
| Total liabilities | $1.25BFY2017 | $821.0MFY2026 | −4.6%/yr | |
| Shareholders’ equity | $951.6MFY2017 | $1.03BFY2026 | +0.9%/yr | |
| Cash & short-term investments | $278.1MFY2017 | $27.7MFY2026 | −22.6%/yr | |
| Total debt | $578.6MFY2017 | $349.8MFY2026 | −5.4%/yr | |
| Net cash (debt) | −$300.5MFY2017 | −$322.0MFY2026 | −$21.5M | |
| Working capital | $670.2MFY2017 | $303.0MFY2026 | −$367.1M | |
| Book value per share | $14.67FY2017 | $20.93FY2026 | +4.0%/yr | |
| Current ratio | 2.29FY2017 | 2.37FY2026 | +0.08 | |
| Debt / equity | 0.61FY2017 | 0.34FY2026 | −0.27 | |
| Shares outstanding | 64.9MFY2017 | 49.1MFY2026 | −3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WOR assets
WOR liabilities and equity
WOR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WOR balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $27.7M | $250.1M | $244.2M | $454.9M | $34.5M | $640.3M | $147.2M | $92.4M | $122.0M | $278.1M |
| Cash & equivalents | $27.7M | $250.1M | $244.2M | $454.9M | $34.5M | $640.3M | $147.2M | $92.4M | $122.0M | $278.1M |
| Short-term investments | — | — | — | — | — | $233.1M | — | — | $0 | $0 |
| Receivables | $248.2M | $228.5M | $217.1M | $224.5M | $878.0M | $641.9M | $349.4M | $508.4M | $574.3M | $493.9M |
| Inventory | $207.3M | $169.4M | $164.6M | $608.0M | $759.1M | $564.8M | $405.1M | $484.3M | $454.0M | $353.9M |
| Other current assets | $41.3M | $37.4M | $47.9M | $580.9M | $114.0M | $121.0M | $81.5M | $80.9M | $90.8M | $65.1M |
| Total current assets | $524.5M | $685.4M | $673.9M | $1.87B | $1.79B | $1.97B | $983.2M | $1.17B | $1.24B | $1.19B |
| Property, plant & equipment (net) | $665.6M | $292.9M | $245.9M | $775.6M | $795.1M | $550.1M | $604.2M | $578.7M | $585.0M | $570.5M |
| Goodwill & intangible assets | $823.5M | $566.9M | $552.7M | $729.0M | $700.5M | $591.4M | $505.9M | $530.7M | $559.2M | $330.5M |
| Long-term investments | $118.0M | $129.3M | $144.9M | $252.6M | $327.4M | $233.1M | $203.3M | $214.9M | $216.0M | $208.6M |
| Other non-current assets | $0 | $20.7M | $21.3M | $25.3M | $34.4M | $30.6M | $35.0M | $20.6M | $20.5M | $24.8M |
| Total assets | $1.85B | $1.70B | $1.64B | $3.65B | $3.64B | $3.37B | $2.33B | $2.51B | $2.62B | $2.33B |
| Liabilities | ||||||||||
| Accounts payable | $115.2M | $103.2M | $90.2M | $126.7M | $668.4M | $535.8M | $224.2M | $393.5M | $473.5M | $368.1M |
| Short-term debt | $8.0M | $6.0M | $6.2M | $6.9M | $59.9M | $9.9M | $10.9M | $150.9M | $1.5M | $6.8M |
| Deferred revenue | — | — | $9.5M | — | $115.1M | — | — | — | $4.6M | $4.4M |
| Total current liabilities | $221.4M | $196.8M | $178.4M | $717.6M | $932.3M | $787.9M | $388.2M | $698.0M | $646.9M | $520.8M |
| Long-term debt | $305.9M | $302.9M | $298.1M | $689.7M | $696.3M | $710.0M | $699.5M | $598.4M | $748.9M | $571.8M |
| Lease obligations | $43.9M | $23.2M | $19.0M | $102.6M | $99.8M | $37.3M | $36.6M | — | — | — |
| Other long-term liabilities | $293.7M | $257.2M | $271.1M | $422.0M | $400.5M | $323.6M | $277.3M | $266.0M | $189.6M | $158.8M |
| Total liabilities | $821.0M | $756.9M | $747.6M | $1.83B | $2.03B | $1.82B | $1.37B | $1.56B | $1.59B | $1.25B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.03B | — | — | $1.70B | $1.48B | $1.40B | $820.8M | $831.2M | $295.6M | $0 |
| Retained earnings (deficit) | $704.1M | $624.5M | $589.4M | $1.43B | $1.23B | $1.07B | $572.3M | $591.5M | $637.8M | $676.0M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $10.9M | $4.0M | $454,000 | −$23.2M | −$22.9M | $45.4M | −$35.2M | −$43.5M | −$14.6M | −$27.8M |
| Minority interest | $0 | $1.1M | $2.1M | $125.6M | $133.2M | $153.5M | $145.6M | $117.1M | $117.6M | $122.3M |
| Total shareholders' equity | $1.03B | $937.2M | $888.9M | $1.70B | $1.48B | $1.40B | $820.8M | $831.2M | $918.8M | $951.6M |
| Key figures | ||||||||||
| Total debt | $349.8M | $326.1M | $317.2M | $795.4M | $844.4M | $747.4M | $736.1M | $749.3M | $750.4M | $578.6M |
| Net cash (debt) | −$322.0M | −$76.0M | −$73.0M | −$340.4M | −$809.9M | −$107.0M | −$588.9M | −$656.9M | −$628.4M | −$300.5M |
| Working capital | $303.0M | $488.5M | $495.5M | $1.15B | $853.4M | $1.18B | $594.9M | $467.9M | $594.2M | $670.2M |
| Tangible book value | $203.5M | $370.3M | $336.2M | $967.0M | $780.3M | $806.8M | $315.0M | $300.6M | $359.6M | $621.2M |
| Book value per share | $20.93 | $18.69 | $17.65 | $34.34 | $29.04 | $25.93 | $14.66 | $14.13 | $14.57 | $14.67 |
| Shares outstanding | 49.1M | 50.1M | 50.3M | 49.4M | 51.0M | 53.9M | 56.0M | 58.8M | 63.0M | 64.9M |
| Current ratio | 2.37 | 3.48 | 3.78 | 2.60 | 1.92 | 2.50 | 2.53 | 1.67 | 1.92 | 2.29 |
| Quick ratio | 1.25 | 2.43 | 2.59 | 0.95 | 0.98 | 1.63 | 1.28 | 0.86 | 1.08 | 1.48 |
| Debt / equity | 0.34 | 0.35 | 0.36 | 0.47 | 0.57 | 0.53 | 0.90 | 0.90 | 0.82 | 0.61 |
| Equity / assets | 55.6% | 55.3% | 54.2% | 46.5% | 40.6% | 41.4% | 35.2% | 33.1% | 35.0% | 40.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $55.1M | $27.7M | $6.0M | $180.3M | $167.1M | $250.1M | $222.8M | $193.8M | $178.5M | $244.2M | $227.3M | $430.9M |
| Cash & equivalents | $55.1M | $27.7M | $6.0M | $180.3M | $167.1M | $250.1M | $222.8M | $193.8M | $178.5M | $244.2M | $227.3M | $430.9M |
| Receivables | $196.0M | $248.2M | $257.3M | $232.9M | $218.7M | $228.5M | $206.4M | $194.3M | $173.2M | $217.1M | $221.8M | $646.3M |
| Inventory | $222.6M | $207.3M | $197.6M | $198.4M | $201.6M | $169.4M | $165.3M | $179.5M | $187.3M | $164.6M | $191.7M | $576.4M |
| Other current assets | $49.1M | $41.3M | $43.0M | $37.1M | $38.7M | $37.4M | $39.4M | $35.4M | $37.4M | $47.9M | $50.3M | $118.9M |
| Total current assets | $522.7M | $524.5M | $503.9M | $648.8M | $626.0M | $685.4M | $634.0M | $603.0M | $576.4M | $673.9M | $691.1M | $1.77B |
| Property, plant & equipment (net) | $668.2M | $665.6M | $656.5M | $624.5M | $613.7M | $292.9M | $284.6M | $282.6M | $283.0M | $245.9M | $289.7M | $798.7M |
| Goodwill & intangible assets | $816.3M | $823.5M | $826.8M | $631.8M | $635.2M | $566.9M | $607.9M | $613.9M | $623.8M | $552.7M | $572.3M | $722.5M |
| Long-term investments | $0 | $118.0M | $118.7M | $119.2M | $129.7M | $129.3M | $131.8M | $135.2M | $140.5M | $144.9M | $120.7M | $247.4M |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $20.7M | $23.8M | $22.3M | $21.6M | $62.2M | $30.9M | $42.9M |
| Total assets | $1.84B | $1.85B | $1.82B | $1.75B | $1.74B | $1.70B | $1.68B | $1.66B | $1.65B | $1.68B | $1.70B | $3.58B |
| Liabilities | ||||||||||||
| Accounts payable | $105.5M | $115.2M | $107.4M | $104.8M | $102.8M | $103.2M | $83.9M | $83.3M | $82.8M | $81.2M | $99.2M | $447.1M |
| Short-term debt | $8.0M | $8.0M | $12.7M | $8.5M | $7.6M | $6.0M | $5.6M | $5.4M | $7.4M | $6.2M | $6.6M | $337.8M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1.7M | $9.5M | $536,000 | $485,000 |
| Total current liabilities | $196.0M | $221.4M | $213.2M | $199.1M | $189.8M | $196.8M | $180.4M | $169.5M | $166.2M | $178.4M | $202.3M | $945.3M |
| Long-term debt | $0 | $305.9M | $307.3M | $305.3M | $306.0M | $302.9M | $293.9M | $295.7M | $300.0M | $298.1M | $297.7M | $298.5M |
| Lease obligations | — | $43.9M | $45.6M | $40.4M | $40.2M | $23.2M | $22.2M | $23.5M | $27.5M | $19.0M | $21.7M | $97.8M |
| Other long-term liabilities | $597.5M | $293.7M | $300.5M | $286.0M | $282.5M | $257.2M | $269.2M | $278.9M | $275.8M | $312.0M | $290.3M | $416.3M |
| Total liabilities | $793.6M | $821.0M | $821.0M | $790.3M | $778.3M | $756.9M | $743.5M | $744.1M | $742.0M | $788.5M | $790.2M | $1.66B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.05B | $1.03B | — | — | $959.1M | — | — | — | — | — | — | $1.79B |
| Retained earnings (deficit) | $720.8M | $704.1M | $681.7M | $650.4M | $644.6M | $624.5M | $637.9M | $612.0M | $599.2M | $589.4M | $629.2M | $1.52B |
| Accumulated other comprehensive income | $9.6M | $10.9M | $9.7M | $3.5M | $5.1M | $4.0M | −$4.4M | −$2.4M | $938,000 | $454,000 | −$8.5M | −$14.1M |
| Minority interest | — | $0 | $81,000 | $424,000 | $723,000 | $1.1M | — | — | — | — | — | — |
| Total shareholders' equity | $1.05B | $1.03B | $1.00B | $963.0M | $959.8M | $938.2M | $938.5M | $913.0M | $901.4M | $888.9M | $912.1M | $1.79B |
| Key figures | ||||||||||||
| Total debt | $347.6M | $349.8M | $357.7M | $377.6M | $346.3M | $326.1M | $316.2M | $319.2M | $327.5M | $317.2M | $319.4M | $721.6M |
| Net cash (debt) | −$292.5M | −$322.0M | −$351.7M | −$197.3M | −$179.1M | −$76.0M | −$93.3M | −$125.4M | −$149.0M | −$73.0M | −$92.0M | −$290.7M |
| Working capital | $326.7M | $303.0M | $290.6M | $449.7M | $436.3M | $488.5M | $453.6M | $433.5M | $410.2M | $495.5M | $488.8M | $827.3M |
| Tangible book value | $230.9M | $203.5M | $175.7M | $331.2M | $324.6M | $371.4M | $330.6M | $299.1M | $277.6M | $336.2M | $339.8M | $1.07B |
| Book value per share | $21.30 | $21.05 | $20.39 | $19.57 | $19.48 | $18.77 | $18.78 | $18.16 | $17.90 | $17.98 | $18.09 | $35.83 |
| Shares outstanding | 49.2M | 48.8M | 49.2M | 49.2M | 49.3M | 50.0M | 50.0M | 50.3M | 50.4M | 49.4M | 50.4M | 50.0M |
| Current ratio | 2.67 | 2.37 | 2.36 | 3.26 | 3.30 | 3.48 | 3.51 | 3.56 | 3.47 | 3.78 | 3.42 | 1.88 |
| Quick ratio | 1.28 | 1.25 | 1.23 | 2.08 | 2.03 | 2.43 | 2.38 | 2.29 | 2.12 | 2.59 | 2.22 | 1.14 |
| Debt / equity | 0.33 | 0.34 | 0.36 | 0.39 | 0.36 | 0.35 | 0.34 | 0.35 | 0.36 | 0.36 | 0.35 | 0.40 |
| Equity / assets | 56.9% | 55.6% | 55.0% | 54.9% | 55.2% | 55.3% | 55.8% | 55.1% | 54.8% | 52.9% | 53.5% | 50.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 30, 2026); data from EODHD.
WOR financial position
At the end of fiscal 2026 (May 31, 2026), Worthington Industries had total assets of $1.8 billion (up 9.0% from a year earlier), total liabilities of $821.0 million and shareholders' equity of $1.0 billion. It held $27.7 million in cash and short-term investments against $349.8 million of debt, net debt of $322.0 million. Its current ratio was 2.37. In the latest quarter (ended August 31, 2026) total assets were $1.8 billion and equity $1.0 billion.
Related: WOR income statement, WOR cash flow statement, WOR key metrics. See the WOR stock overview for the latest quote and news.
WOR balance sheet FAQ
What are Worthington Industries's total assets?
Worthington Industries reported total assets of $1.8 billion at the end of fiscal 2026 (May 31, 2026), compared with $1.7 billion a year earlier.
How much debt does Worthington Industries have?
Worthington Industries had $349.8 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.34.
How much cash does Worthington Industries have?
Worthington Industries held $27.7 million in cash and short-term investments at the end of fiscal 2026; with $349.8 million of debt that is net debt of $322.0 million.
What is Worthington Industries's book value?
Worthington Industries's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2026, or $20.93 per share.
What is Worthington Industries's current ratio?
Worthington Industries had current assets of $524.5 million and current liabilities of $221.4 million, a current ratio of 2.37 (it can cover its short-term obligations).
How much goodwill does Worthington Industries have?
Worthington Industries carried $823.5 million of goodwill and intangible assets, 44.6% of total assets, at the end of fiscal 2026.