MEDIUMOutside partyCustomer
28%
largest customer (Consumer Products segment)
“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 segment) 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%
international operations
“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 2026-08-02Worthington Enterprises' concentration profile centers on customer dependency rather than geographic or supply-side exposure. The largest customer within the Consumer Products segment accounted for approximately 28% of that segment's fiscal 2025 net sales — a medium-share exposure that ties a meaningful slice of one segment's results to a single counterparty's purchasing decisions. Separately, one retail customer represented 12% of total consolidated net sales, a low-share dependency that is smaller in scale but still counterparty-specific rather than macro-driven. On the structural side, international operations, primarily serving customers in Europe, contributed approximately 17% of consolidated net sales in fiscal 2025 — a low-share exposure that reflects diversified geographic reach rather than reliance on any one buyer. Taken together, these disclosures point to customer relationships, not geography, as the more consequential lever on results: losing or renegotiating terms with the Consumer Products segment's largest customer or the 12% retail customer would have a more direct and idiosyncratic effect than any shift in the 17% international mix, which is spread across a region rather than concentrated in a single buyer. None of the three exposures rises to a size that would by itself redirect the overall investment verdict, but the customer-side dependencies are the ones worth monitoring for renewal or pricing risk.
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.