Worthington Steel (WS) Deferred Taxes (2022 - 2026)
Worthington Steel (WS) posted Deferred Taxes of -$2.5 million for Q2 2026, up 64.29% sequentially from -$7.0 million in Q1 2026, and down 78.57% YoY from -$11.7 million in Q2 2025.
Worthington Steel (WS) Deferred Taxes (2022 - 2026) Analysis & Trends
Worthington Steel has reported Deferred Taxes for 5 years, with the latest figure at -$2.5 million in Q2 2026.
- Quarterly Deferred Taxes fell 78.57% year-over-year to -$2.5 million in Q2 2026, while the trailing twelve-month figure through May 2026 was -$10.4 million (down 181.08% YoY) and the FY2026 annual result came in at -$10.4 million, down 181.08% from the prior year.
- Deferred Taxes improved to -$2.5 million in Q2 2026 per WS's latest filing, from -$7.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $5.8 million in Q2 2024 and troughed at -$9.4 million in Q2 2023.
- A 5-year average of -$1.4 million and a median of -$900000.0 in 2024 frame the typical range for Deferred Taxes.
- The widest YoY moves for Deferred Taxes: up 161.7% in 2024, down 1300.0% in 2024.
- Over 5 years, Deferred Taxes stood at -$100000.0 in 2022, then changed by 0.0% to -$100000.0 in 2023, then tumbled by 1300.0% to -$1.4 million in 2024, then surged by 135.71% to $500000.0 in 2025, then plunged by 600.0% to -$2.5 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$2.5 million, -$7.0 million, and $500000.0 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | -27.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 142.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 29.98 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | - |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -17.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | - |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 5.17 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -2.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -2.50 Mn |
| Feb 28, 2026 | -7.00 Mn |
| Nov 30, 2025 | 500,000.00 |
| Aug 31, 2025 | -1.40 Mn |
| May 31, 2025 | 2.70 Mn |
| Nov 30, 2024 | -1.40 Mn |
| Aug 31, 2024 | -900,000.00 |
| May 31, 2024 | 2.20 Mn |
| Feb 29, 2024 | -900,000.00 |
| Nov 30, 2023 | -100,000.00 |
| Aug 31, 2023 | -100,000.00 |
| May 31, 2023 | -8.30 Mn |
| Feb 28, 2023 | -100,000.00 |
| Nov 30, 2022 | -100,000.00 |