Worthington Steel (WS) Tax Provisions (2022 - 2026)

Worthington Steel's (WS) quarterly Tax Provisions came in at $3.5 million in Q1 2026, down 30.0% year-on-year from $5.0 million in Q1 2025, and down 16.67% quarter-over-quarter from $4.2 million in Q4 2025.

Worthington Steel (WS) Tax Provisions (2022 - 2026) Analysis & Trends

Worthington Steel has disclosed Tax Provisions across 5 years of filings, most recently posting $3.5 million for Q1 2026.

  • Tax Provisions for Q1 2026 came in at $3.5 million, down 30.0% year-over-year; the trailing twelve-month figure through Feb 2026 was $37.3 million (up 23.51% YoY), and the FY2025 annual result was $28.8 million, down 37.53% from the prior year.
  • Tax Provisions came in at $3.5 million for Q1 2026 at Worthington Steel, down from $4.2 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $23.4 million in Q2 2023 to a low of -$5.5 million in Q4 2022.
  • The 5-year median for Tax Provisions is $4.6 million (2025), against an average of $8.2 million.
  • Peak annual rise in Tax Provisions reached 1650.0% in 2024, while the deepest fall reached 76.47% in 2024.
  • Worthington Steel's Tax Provisions stood at -$5.5 million in 2022, then soared by 54.55% to -$2.5 million in 2023, then surged by 244.0% to $3.6 million in 2024, then grew by 16.67% to $4.2 million in 2025, then dropped by 16.67% to $3.5 million in 2026.
  • The last three Tax Provisions figures came in at $3.5 million (Q1 2026), $4.2 million (Q4 2025), and $13.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 226.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -136.00 Mn
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 113.11 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 83.90 Mn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn -81.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 3.50 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 2.00 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 3.50 Mn
Nov 30, 2025 4.20 Mn
Aug 31, 2025 13.40 Mn
May 31, 2025 16.20 Mn
Feb 28, 2025 5.00 Mn
Nov 30, 2024 3.60 Mn
Aug 31, 2024 4.00 Mn
May 31, 2024 17.60 Mn
Feb 29, 2024 14.00 Mn
Nov 30, 2023 -2.50 Mn
Aug 31, 2023 17.00 Mn
May 31, 2023 23.40 Mn
Feb 28, 2023 800,000.00
Nov 30, 2022 -5.50 Mn