Worthington Steel (WS) Tax Provisions (2022 - 2026)
Worthington Steel (WS) posted Tax Provisions of $9.3 million for Q2 2026, up 165.71% sequentially from $3.5 million in Q1 2026, and down 51.81% YoY from $19.3 million in Q2 2025.
Worthington Steel (WS) Tax Provisions (2022 - 2026) Analysis & Trends
Worthington Steel has reported Tax Provisions for 5 years, with the latest figure at $9.3 million in Q2 2026.
- Quarterly Tax Provisions fell 51.81% year-over-year to $9.3 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $30.4 million (down 4.7% YoY) and the FY2026 annual result came in at $30.4 million, down 4.7% from the prior year.
- Tax Provisions rose to $9.3 million in Q2 2026 per WS's latest filing, from $3.5 million in the prior quarter.
- Over five years, Tax Provisions peaked at $33.1 million in Q2 2023 and troughed at -$5.5 million in Q4 2022.
- A 5-year average of $9.1 million and a median of $5.0 million in 2025 frame the typical range for Tax Provisions.
- The widest YoY moves for Tax Provisions: up 1650.0% in 2024, down 76.47% in 2024.
- Over 5 years, Tax Provisions stood at -$5.5 million in 2022, then surged by 54.55% to -$2.5 million in 2023, then jumped by 244.0% to $3.6 million in 2024, then rose by 16.67% to $4.2 million in 2025, then surged by 121.43% to $9.3 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $9.3 million, $3.5 million, and $4.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.73 Bn | 98.84 Bn | 941.02 Mn | -22.89 Mn |
| 2 | Nucor | 55.35 Bn | 52.66 Bn | 2.03 Bn | 345.00 Mn |
| 3 | ArcelorMittal | 54.95 Bn | 50.10 Bn | - | -175.00 Mn |
| 4 | Steel Dynamics | 32.65 Bn | 32.07 Bn | 958.97 Mn | 152.68 Mn |
| 5 | Reliance | 19.67 Bn | 19.44 Bn | 1.30 Bn | 106.20 Mn |
| 6 | Cleveland-Cliffs | 6.41 Bn | 6.34 Bn | 132.00 Mn | -20.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -110.49 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - | - |
| 9 | Posco Holdings | 4.33 Bn | 1.83 Bn | 1.04 Bn | -145.89 Mn |
| 10 | Worthington Steel | 1.73 Bn | 1.64 Bn | 118.80 Mn | 9.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 9.30 Mn |
| 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 |