Steelcase Inc. (SCS) Financial Statements (2026 and earlier)

Company Profile

Business Address 901 44TH STREET SE
GRAND RAPIDS, MI 49508
State of Incorp. MI
Fiscal Year End February 28
Industry (SIC) 2522 - Office Furniture, Except Wood (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

8/31/2025
MRQ
2/28/2025
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38831990201490541
Cash and cash equivalent34631990201490541
Short-term investments42     
Receivables323338379390279372
Inventory, net of allowances, customer advances and progress billings246231320326194215
Inventory246231320326194215
Prepaid expense383229242122
Other current assets354037267139
Other undisclosed current assets   29(8)(9) 
Total current assets:1,0299598849591,0451,189
Noncurrent Assets
Operating lease, right-of-use asset141169198210225238
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization328353377393411426
Long-term investments and receivables535651535252
Long-term investments535651535252
Intangible asset, including goodwill, after accumulated amortization351369388328309337
Goodwill274275277243218234
Intangible asset, excluding goodwill, after accumulated amortization77951118690103
Deferred income tax assets167116117121  
Other noncurrent assets914830293039
Other undisclosed noncurrent assets170167157168283285
Total noncurrent assets:1,3011,2771,3191,3021,3091,377
TOTAL ASSETS:2,3302,2372,2032,2612,3542,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities489421452406271436
Employee-related liabilities✕✕✕✕7690192
Accounts payable228211204244181244
Accrued liabilities26121024887  
Deferred revenue43455153  
Debt   36553
Accrued environmental loss contingencies 211111
Other liabilities 9881  109100
Other undisclosed current liabilities376064101130151
Total current liabilities:669607603567515691
Noncurrent Liabilities
Long-term debt and lease obligation447446446660679695
Long-term debt, excluding current maturities447446446477479481
Liabilities, other than long-term debt263296328182200209
Liability, pension and other postretirement and postemployment benefits101105103127153148
Other liabilities485355554760
Operating lease, liability114139170182200214
Total noncurrent liabilities:710743773842879904
Total liabilities:1,3791,3501,3771,4091,3941,595
Equity
Equity, attributable to parent952887826852961970
Additional paid in capital29411921328
Accumulated other comprehensive loss(64)(67)(73)(51)(40)(69)
Retained earnings9869138799019881,011
Total equity:952887826852961970
TOTAL LIABILITIES AND EQUITY:2,3302,2372,2032,2612,3542,565

Income Statement (P&L) ($ in millions)
Annual | Quarterly

8/31/2025
TTM
2/28/2025
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Revenues3,1663,1603,2332,7732,5963,724
Cost of revenue(2,109)(2,143)(2,311)(2,011)(1,823)(2,509)
Cost of product and service sold   (2,311)(2,011)(1,823)(2,509)
Other undisclosed gross profit(10)(4)(3) (11) 
Gross profit:1,0471,0129197627631,215
Operating expenses(888)(877)(837)(741)(684)(958)
Other undisclosed operating loss(0)(18)(17) (36) 
Operating income:158118662043257
Nonoperating income (expense)215147910
Investment income, nonoperating147    
Other nonoperating income (expense)(12)9147910
Interest and debt expense  (26)(28)(26)(27)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes    15
Income from continuing operations before equity method investments, income taxes:16010751126245
Other undisclosed income (loss) from continuing operations before income taxes(26) 11  
Income from continuing operations before income taxes:13410752226245
Income tax expense (benefit)(14)(26)(16)20(46)
Income from continuing operations:1218135426200
Income before gain (loss) on sale of properties:✕✕✕✕426200
Net income attributable to parent:1218135426200
Undistributed earnings (loss) allocated to participating securities, basic     (1)(4)
Other undisclosed net loss available to common stockholders, basic(4)(3)(1)(0)  
Net income available to common stockholders, diluted:1177834426196

Comprehensive Income ($ in millions)
Annual | Quarterly

8/31/2025
TTM
2/28/2025
2/29/2024
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Net income:1218135426200
Other comprehensive income (loss)22(20)(4)27(31)
Other undisclosed comprehensive income      
Comprehensive income (loss):1228416(0)53169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent23(2)(7)39
Comprehensive income (loss), net of tax, attributable to parent:1248713(7)55178

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: