Worthington Steel (WS) Tax Rate (2022 - 2026)
Worthington Steel (WS) posted Tax Rate of 20.81% for Q2 2026, down 185.0% sequentially from 24.48% in Q1 2026, and down 4650.0% YoY from 0.46% in Q2 2025.
Worthington Steel (WS) Tax Rate (2022 - 2026) Analysis & Trends
Worthington Steel has reported Tax Rate for 5 years, with the latest figure at 20.81% in Q2 2026.
- Quarterly Tax Rate fell 4650.0% year-over-year to 20.81% in Q2 2026, while the trailing twelve-month figure through May 2026 was 64.27% (up 4273.0% YoY) and the FY2026 annual result came in at 64.27%, up 4273.0% from the prior year.
- Tax Rate slipped to 20.81% in Q2 2026 per WS's latest filing, from 24.48% in the prior quarter.
- Over five years, Tax Rate peaked at 54.35% in Q4 2023 and troughed at 20.81% in Q2 2026.
- A 5-year average of 21.58% and a median of 23.37% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2026: Tax Rate surged 2379 bps in 2023, then sank 4650 bps in 2026.
- Over 5 years, Tax Rate stood at 30.56% in 2022, then jumped by 78 bps to 54.35% in 2023, then plunged by 66 bps to 18.27% in 2024, then dropped by 11 bps to 16.34% in 2025, then sank by 227 bps to 20.81% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.81%, 24.48%, and 16.34% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 112.01 Bn | 102.12 Bn | 941.02 Mn | -4.70% |
| 2 | Nucor | 57.15 Bn | 54.46 Bn | 2.03 Bn | 21.23% |
| 3 | ArcelorMittal | 56.14 Bn | 51.29 Bn | - | -20.30% |
| 4 | Steel Dynamics | 33.00 Bn | 32.42 Bn | 958.97 Mn | 22.34% |
| 5 | Reliance | 19.77 Bn | 19.53 Bn | 1.30 Bn | 24.71% |
| 6 | Cleveland-Cliffs | 6.63 Bn | 6.56 Bn | 132.00 Mn | 13.16% |
| 7 | Gerdau | 5.49 Bn | 4.35 Bn | 558.98 Mn | -27.62% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.37 Bn | 1.87 Bn | 1.04 Bn | -88.84% |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | -20.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -20.81% |
| May 31, 2026 | -20.81% |
| May 31, 2026 | -20.81% |
| Feb 28, 2026 | 24.48% |
| Feb 28, 2026 | 24.48% |
| Feb 28, 2026 | 24.48% |
| Nov 30, 2025 | 16.34% |
| Nov 30, 2025 | 16.34% |
| Nov 30, 2025 | 16.34% |
| Aug 31, 2025 | 25.77% |
| Aug 31, 2025 | 25.77% |
| Aug 31, 2025 | 25.77% |
| May 31, 2025 | 38.94% |
| May 31, 2025 | 38.94% |
| May 31, 2025 | 38.94% |
| Feb 28, 2025 | 29.24% |
| Feb 28, 2025 | 29.24% |
| Feb 28, 2025 | 29.24% |
| Nov 30, 2024 | 18.27% |
| Nov 30, 2024 | 18.27% |