Worthington Steel (WS) Tax Rate (2022 - 2026)
Worthington Steel's (WS) quarterly Tax Rate came in at 24.48% in Q1 2026, down 476.0% year-on-year from 6.51% in Q1 2025, and up 49.77% quarter-over-quarter from 16.34% in Q4 2025.
Worthington Steel (WS) Tax Rate (2022 - 2026) Analysis & Trends
Worthington Steel has disclosed Tax Rate across 5 years of filings, most recently posting 24.48% for Q1 2026.
- Tax Rate for Q1 2026 came in at 24.48%, down 476.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 23.53% (down 716.0% YoY), and the FY2025 annual result was 20.65%, down 708.0% from the prior year.
- Tax Rate came in at 24.48% for Q1 2026 at Worthington Steel, up from 16.34% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 69.29% in Q2 2024 to a low of 303.9% in Q2 2023.
- The 5-year median for Tax Rate is 22.93% (2023), against an average of 3.59%.
- Across the five-year window, Tax Rate soared 37319 bps in 2024 and sank 4493 bps in 2025, its largest moves.
- Worthington Steel's Tax Rate stood at 30.56% in 2022, then surged by 78 bps to 54.35% in 2023, then plunged by 66 bps to 18.27% in 2024, then decreased by 11 bps to 16.34% in 2025, then surged by 50 bps to 24.48% in 2026.
- The last three Tax Rate figures came in at 24.48% (Q1 2026), 16.34% (Q4 2025), and 25.77% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | - |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 20.62% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | -18.06% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 22.04% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 24.01% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 26.38% |
| 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 | 24.48% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 15.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 24.48% |
| Feb 28, 2026 | 24.48% |
| Nov 30, 2025 | 16.34% |
| Nov 30, 2025 | 16.34% |
| Aug 31, 2025 | 25.77% |
| Aug 31, 2025 | 25.77% |
| May 31, 2025 | 24.36% |
| May 31, 2025 | 24.36% |
| Feb 28, 2025 | 29.24% |
| Feb 28, 2025 | 29.24% |
| Nov 30, 2024 | 18.27% |
| Nov 30, 2024 | 18.27% |
| Aug 31, 2024 | 11.05% |
| Aug 31, 2024 | 11.05% |
| May 31, 2024 | 69.29% |
| May 31, 2024 | 69.29% |
| Feb 29, 2024 | 21.08% |
| Feb 29, 2024 | 21.08% |
| Nov 30, 2023 | 54.35% |
| Nov 30, 2023 | 54.35% |