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Worthington Enterprises cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$54.0M in Q1 FY27 · $196M over twelve months

Operating cash flow$66.7M
Capital spending−$12.8M
Free cash flow+$54.0M
Cash / net income1.6×
Cash conversion cycle93 days

Analysis

In Q1 FY27, Worthington Enterprises generated $66.7M of operating cash flow and spent $12.8M on capital projects, leaving free cash flow of $54.0M. That is $26.1M more than in Q1 FY26 ($27.9M).

Over the twelve months to Aug 31, 2026, operating cash flow was $252M; the largest uses were acquisitions ($214M), buybacks ($55.7M), capital spending ($55.5M); besides operations, cash came from other investing ($1.0M), other financing ($264K); the cash balance fell by $112M.

Operating cash flow was $66.7M against net income of $42.6M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: receivables +$41.9M, depreciation & amortization +$15.6M, inventory −$15.3M.

Its cash conversion cycle was 93 days (receivables 55 + inventory 78 − payables 40).

Free cash flow

Worthington Enterprises: free cash flow by quarterWorthington Enterprises: free cash flow by quarter$33.9MQ2 FY25$44.4MQ3 FY25$49.3MQ4 FY25$27.9MQ1 FY26$39.1MQ2 FY26$48.1MQ3 FY26$55.1MQ4 FY26$54.0MQ1 FY27
Operating cash flow less capital spending.
Worthington Enterprises: operating cash flow against capital spendingWorthington Enterprises: operating cash flow against capital spendingOperating cash flowCapital spending$49.1M$15.2MQ2 FY25$57.1M$12.7MQ3 FY25$62.4M$13.1MQ4 FY25$41.1M$13.2MQ1 FY26$51.5M$12.4MQ2 FY26$61.9M$13.8MQ3 FY26$71.6M$16.5MQ4 FY26$66.7M$12.8MQ1 FY27
Latest (Q1 FY27): Operating cash flow $66.7M, Capital spending $12.8M.

Capital allocation, year by year

Worthington Enterprises: where the cash came from (up) and went (down), by fiscal yearWorthington Enterprises: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $70.1MFY22: Net borrowing $82.8MFY22: Asset sales $39.9MFY22: Capital spending −$94.6MFY22: Acquisitions −$377MFY22: Buybacks −$180MFY22: Dividends −$57.2M$193MFY22FY23: Operating cash flow $625MFY23: Net borrowing −$97.1MFY23: Capital spending −$86.4MFY23: Acquisitions −$56.1MFY23: Dividends −$59.2M$625MFY23FY24: Operating cash flow $290MFY24: Net borrowing −$222MFY24: Capital spending −$83.5MFY24: Acquisitions −$42.0MFY24: Dividends −$56.8M$290MFY24FY25: Operating cash flow $210MFY25: Net borrowing −$104KFY25: Capital spending −$50.6MFY25: Acquisitions −$95.0MFY25: Buybacks −$30.9MFY25: Dividends −$33.9M$210MFY25FY26: Operating cash flow $226MFY26: Net borrowing −$3.0MFY26: Capital spending −$55.9MFY26: Acquisitions −$304MFY26: Buybacks −$43.7MFY26: Dividends −$36.9M$226MFY26
Over these 5 years operating cash flow totalled $1.4B; the largest uses were acquisitions ($874M) and capital spending ($371M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$55.1M
Debt$312M
Net debt$257M

Worthington Enterprises funds itself: free cash flow was $196M over the last twelve months, and $55.1M of cash and investments stands against $312M of debt.

Where the cash came from and went

Worthington Enterprises: sources (+) and uses (−) of cash, Q1 FY27Worthington Enterprises: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow$66.7MCash drawn (+) / kept (−)−$27.3MBuybacks−$18.2MCapital spending−$12.8MDividends−$9.4MOther financing$2.7MAcquisitions−$2.4MOther investing$1.0MNet borrowing (+) / repaid (−)−$318K
Worthington Enterprises: sources (+) and uses (−) of cash, TTM to Q1 FY27Worthington Enterprises: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$252MAcquisitions−$214MCash drawn (+) / kept (−)$112MBuybacks−$55.7MCapital spending−$55.5MDividends−$37.7MNet borrowing (+) / repaid (−)−$2.0MOther investing$1.0MOther financing$264K

From profit to cash

Worthington Enterprises: net income to operating cash flow, Q1 FY27Worthington Enterprises: net income to operating cash flow, Q1 FY27Net income$42.6MDepreciation & amortization$15.6MStock-based pay$4.0MDeferred taxes$3.0MGains on disposals−$4.0MReceivables$41.9MInventory−$15.3MPayables−$8.9MEmployee-related liabilities−$5.1MOther operating capital−$2.3MOperating cash flow$66.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2755784093
Q4 FY2657693888
Q3 FY2652663583
Q2 FY2659753995
Q1 FY2665774399
Q4 FY2561693891
Q3 FY2557723594
Q2 FY25598338104

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27$66.7M−$12.8M−$2.4M−$18.2M−$9.4M−$318K−$27.3M$54.0M
Q4 FY26$71.6M−$16.5M$278K−$18.4M−$9.3M−$1.1M−$21.7M$55.1M
Q3 FY26$61.9M−$13.8M−$212M−$5.4M−$9.3M$4.5M$174M$48.1M
Q2 FY26$51.5M−$12.4M—−$13.7M−$9.6M−$278K−$13.2M$39.1M
Q1 FY26$41.1M−$13.2M−$92.2M−$6.3M−$8.6M−$197K$83.0M$27.9M
Q4 FY25$62.4M−$13.1M−$6.9M−$9.8M−$8.4M—−$27.2M$49.3M
Q3 FY25$57.1M−$12.7M—−$6.2M−$8.4M—−$29.0M$44.4M
Q2 FY25$49.1M−$15.2M$731K−$8.1M−$9.0M—−$15.3M$33.9M

Worthington Enterprises: income statement and cash flow

Worthington Enterprises, Q1 FY27: revenue $344M (+13% year over year), operating margin 3.8%. The chart follows the revenue to costs, profit and cash.

Worthington Enterprises: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.