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SCS

Steelcase Inc.

SCS

Steelcase Inc. • NYSE
$16.29 ▲ 0.56% (+0.09)
Market Cap $1.87 B
52w High $17.40
52w Low $9.32
Dividend Yield 0.40%
P/E 20.36
Volume 652.96K
Outstanding Shares 114.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $897.1M ▲ $259M ▲ $35M ▲ 3.901% ▲ $0.29 ▲ $77.7M ▲
Q1-2026 $779M ▼ $238.3M ▼ $13.6M ▼ 1.746% ▼ $0.12 ▼ $42.7M ▲
Q4-2025 $788M ▼ $241.8M ▲ $27.6M ▲ 3.503% ▲ $0.24 ▲ $35.5M ▼
Q3-2025 $794.9M ▼ $224.4M ▲ $19.1M ▼ 2.403% ▼ $0.16 ▼ $52.4M ▼
Q2-2025 $855.8M $205.1M $63.1M 7.373% $0.51 $112.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $257.9M ▲ $2.352B ▲ $1.336B ▲ $1.016B ▲
Q1-2026 $226M ▼ $2.255B ▼ $1.273B ▼ $982.7M ▲
Q4-2025 $387.9M ▼ $2.33B ▲ $1.379B ▼ $951.7M ▲
Q3-2025 $406.3M ▲ $2.321B ▲ $1.389B ▲ $932.6M ▼
Q2-2025 $335.8M $2.271B $1.338B $933M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $35M ▲ $58.9M ▲ $-13.5M ▼ $-12.1M ▲ $33.6M ▲ $40.8M ▲
Q1-2026 $13.6M ▼ $-141.1M ▼ $-5.9M ▲ $-17.2M ▼ $-163.3M ▼ $-155.1M ▼
Q4-2025 $27.6M ▲ $600K ▼ $-6.8M ▲ $-11.9M ▲ $-18.6M ▼ $-10.9M ▼
Q3-2025 $19.4M ▼ $98.9M ▼ $-12.1M ▼ $-17.8M ▼ $68.5M ▼ $87.9M ▼
Q2-2025 $63.1M $108.1M $30.7M $-14.3M $123.6M $95.6M

Revenue by Products

Product Q3-2021Q4-2021Q1-2022Q2-2022
Other Segments
Other Segments
 $60.00M ▲$70.00M ▲$60.00M ▼$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past several years, with a gentle upward tilt rather than rapid growth. The more important story is on profitability: Steelcase has gradually rebuilt its margins after a weak patch early in the decade. Gross profit has improved, and operating income has grown from nearly break-even levels to clearly positive territory. Net income and earnings per share have climbed meaningfully, suggesting better pricing discipline, cost control, or mix of higher‑margin products and services. Overall, the income statement shows a business that has stabilized and is now grinding out incremental profitability improvements, rather than a high‑growth story.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and slowly improving. Total assets have been stable, indicating a mature, relatively asset‑light business model. Cash levels have been rebuilt from earlier lows to a more comfortable cushion, adding resilience. Debt has edged down over time while shareholders’ equity has crept higher, which means leverage is easing and the company is gradually strengthening its capital base. Nothing here screams distress; instead, it points to a steady, conservatively financed industrial company with reasonable flexibility if conditions soften.

Cash Flow

Cash Flow Cash generation has been choppy but is trending the right way. A few years ago, operating cash flow dipped into weak territory, but more recently it has returned to clearly positive levels. Free cash flow moved from negative to solidly positive as earnings improved and investment spending remained disciplined. Capital expenditures have been fairly modest and consistent, suggesting Steelcase is maintaining and upgrading its footprint without overextending. The pattern still shows some cyclicality, so investors should expect ups and downs, but the latest years indicate a healthier cash engine than earlier in the period.

Competitive Edge

Competitive Edge Steelcase occupies a leading position in office furniture and workplace solutions, competing with other global players like MillerKnoll and Haworth. Its advantages stem from a long‑established brand, deep relationships with large corporate and institutional customers, and a broad global dealer network. The company’s focus on research‑driven, ergonomic design and its ability to deliver complete workplace solutions—furniture, layouts, and consulting—help differentiate it beyond simple product sales. That said, the market remains competitive and sensitive to economic cycles and office utilization trends, so maintaining pricing power and share will require ongoing innovation and strong execution.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic pillar for Steelcase. The company has a long history of research‑led ergonomic products and is now leaning into smart, technology‑enabled workspaces and hybrid work solutions. Partnerships with technology companies, concepts like Project Ghost, and products designed for hybrid collaboration and flexible spaces highlight this shift. Steelcase also emphasizes sustainability and circular design, which can resonate with large corporate buyers and may become a stronger differentiator over time. The opportunity is to turn these ideas into widely adopted, profitable offerings; the risk is that customer adoption of new workplace formats and technologies may be slower or more uneven than expected.

Summary

Overall, Steelcase looks like a mature industrial company that has worked its way through a tough period and emerged with more stable, gradually improving profitability. The balance sheet and cash flows point to a business that is financially solid rather than stretched. Its competitive edge comes from brand, global reach, workplace expertise, and a steady stream of design and technology innovations. Future performance will likely hinge on how office demand evolves in a hybrid‑work world and how effectively Steelcase can convert its research and partnerships into differentiated, margin‑accretive solutions, all while navigating a cyclical and competitive industry.

NEWS

October 31, 2025 · 4:00 PM UTC

Ionik Announces Sale of SCS Subsidiary

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October 16, 2025 · 4:00 PM UTC

Press release: NEW SHARE CAPITAL AMOUNT AND NEW NUMBER OF SHARES ISSUANCE OF A NEW SUBSCRIPTION REQUEST NOTICE UNDER THE SHARE SUBSCRIPTION FACILITY AGREEMENT WITH GEM

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September 30, 2025 · 9:36 AM UTC

Steelcase 2025 Impact Report Highlights the Strength of Community and Progress Toward a Net-Zero Future

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September 24, 2025 · 4:05 PM UTC

Steelcase Reports Second Quarter Fiscal 2026 Results

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September 15, 2025 · 2:45 AM UTC

Shareholder Alert: The Ademi Firm continues to investigate whether Steelcase Inc. is obtaining a Fair Price for its Public Shareholders

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