Warrior Met Coal vs Worthington Steel
Worthington Steel reported revenue of $3.4 billion in fiscal 2026, 2.6 times Warrior Met Coal's $1.3 billion in fiscal 2025. Warrior Met Coal's revenue fell 14.1% in its latest year, and Worthington Steel's grew 11.3%. Warrior Met Coal had an operating margin of 3.5%, against -0.0% at Worthington Steel. Free cash flow was −$91 million at Warrior Met Coal and $80 million at Worthington Steel. Their fiscal years end in different months (December 31 and May 31), so the periods don't line up exactly.
Side by side
| Warrior Met Coal | Worthington Steel | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, May 31, 2026 |
| Revenue | $1.3B | $3.4B |
| Revenue growth | −14.1% | 11.3% |
| Revenue growth a year, last 5 years | 10.8% | — |
| Gross margin | 25.0% | 11.7% |
| Operating margin | 3.5% | −0.0% |
| Net margin | 4.3% | 0.2% |
| Free cash flow | −$91M | $80M |
| Free cash flow margin | −7.0% | 2.3% |
| Return on capital | 2.4% | −0.1% |
| Net debt to EBITDA | −0.3x | 2.2x |
| Dividends and buybacks | $18M | $33M |
| Change in diluted share count | 0.5% | 0.6% |
| Last close | $85.21 | $42.23 |
| P/E at the last close | 20.5× | — |
| Insider trades, last 12 months | sold $26.4 million | bought $374,145, sold $1.4 million |
| Piotroski F-score | 4 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Warrior Met CoalWorthington Steel
Operating margin
Percent of revenue
Warrior Met CoalWorthington Steel
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Warrior Met CoalWorthington Steel
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Warrior Met Coal and Worthington Steel pages.