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| Date | Value |
|---|---|
| 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 |