MEDIUMOutside partyCustomer
28%
largest customer Consumer Products
“10-K Item 1: 'Approximately 28% of fiscal 2025 Consumer Products net sales was attributable to our largest customer.'”
WOR · Concentration risk · 10-K extracted
Worthington Enterprises (WOR) concentration risks
Updated
The most significant concentration Worthington Enterprises discloses is largest customer Consumer Products at 28%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Worthington Enterprises’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inGeographic
17%
Europe
“10-K Item 1: 'International operations accounted for approximately 17% of consolidated net sales in fiscal 2025, primarily to customers in Europe.'”
LOWOutside partyCustomer
12%
one retail customer
“10-K Item 1: 'Sales to one retail customer accounted for 12% of our consolidated net sales in fiscal 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans customer and geographic exposures that are each contained in share, with no single exposure rising to a level that dominates the overall revenue base. At the segment level, approximately 28% of fiscal 2025 Consumer Products net sales was attributable to the largest customer, a moderate share by disclosed size and a dependency character. This is the largest disclosed single-name exposure in the filing and reflects a meaningful reliance on one buyer within that segment, even though its contribution to consolidated revenues is diluted by the rest of the business. Geographically, international operations accounted for approximately 17% of consolidated net sales in fiscal 2025, primarily to customers in Europe, a limited share by disclosed size. The structural character of this exposure reflects the breadth of the company's end-markets rather than reliance on any individual foreign counterparty. At the consolidated level, sales to one retail customer accounted for 12% of consolidated net sales in fiscal 2025, also a limited share by disclosed size and a dependency character. It is worth noting that the retail customer at 12% of consolidated net sales and the largest Consumer Products customer at 28% of segment net sales may or may not refer to the same relationship; the filing does not clarify this explicitly. On balance, the profile is concentrated at the segment level but diffuse at the consolidated level, with no single name or geography commanding a share that would materially shift the investment thesis on its own.
For the engine’s reasoning on WOR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Metal Fabrication
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ESAB | ESAB Corporation | 2 | 0 | 1 | 3 |
| ATI | ATI Inc. | 1 | 1 | 0 | 2 |
| WOR● | Worthington Enterprises, Inc. | 0 | 1 | 2 | 3 |
| CMC | Commercial Metals Company | 0 | 0 | 0 | 0 |
| CRS | Carpenter Technology Corporatio | 0 | 0 | 0 | 0 |
| GPGI | GPGI, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.