Worthington Steel (Worthington Steel) Gross Profit : $464 Mil (TTM As of Feb. 2024)

Worthington Steel Gross Profit Chart

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Profit	Get a 7-Day Free Trial				63.20	154.11	129.45	60.20	120.10

Competitive Comparison of Worthington Steel's Gross Profit

For the Steel subindustry, Worthington Steel's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Worthington Steel's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Worthington Steel's Gross Profit distribution charts can be found below:

* The bar in red indicates where Worthington Steel's Gross Profit falls into.

Worthington Steel Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Worthington Steel's Gross Profit for the fiscal year that ended in May. 2023 is calculated as

Worthington Steel's Gross Profit for the quarter that ended in Feb. 2024 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $464 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Worthington Steel's Gross Margin % for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Worthington Steel  (NYSE:WS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Worthington Steel had a gross margin of 14.90% for the quarter that ended in Feb. 2024 => No sustainable competitive advantage

Worthington Steel Gross Profit Related Terms

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Worthington Steel (Worthington Steel) Business Description