Vulcan Steel (ASX:VSL) Pre-Tax Income: A$18.7 Mil (TTM As of Dec. 2025)

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ASX:VSL Vulcan Steel Ltd ASX:VSL
52 GF Score
Price A$5.17
GF Value A$6.34
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vulcan Steel Pre-Tax Income?

Vulcan Steel ASX:VSL 52 Pre-Tax Income is A$18.7 Mil as of Dec. 2025. GuruFocus rates ASX:VSL with a GF Score™ of 52/100 and a GF Value™ of A$6.34 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Vulcan Steel's pretax income for the six months ended in Dec. 2025 was A$10.7 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was A$18.7 Mil. Vulcan Steel's pretax margin was 2.29%.

During the past 4 years, Vulcan Steel's highest Pretax Margin was 18.64%. The lowest was 2.10%. And the median was 7.78%.


Vulcan Steel  (ASX:VSL) Pre-Tax Income Explanation

Vulcan Steel's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=10.686/466.283
=2.29%

During the past 4 years, Vulcan Steel's highest Pretax Margin was 18.64%. The lowest was 2.10%. And the median was 7.78%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vulcan Steel Pre-Tax Income Related Terms


Vulcan Steel Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Vulcan Steel's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vulcan Steel Pre-Tax Income Chart

Vulcan Steel Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Pre-Tax Income
163.94 114.17 54.41 20.72

Vulcan Steel Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only 35.83 18.78 12.47 7.99 10.69

ASX:VSL vs NUE, STLD, RS: Pre-Tax Income Comparison

For the Steel subindustry, Vulcan Steel's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vulcan Steel Pre-Tax Income vs Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Vulcan Steel's Pre-Tax Income falls into.


ASX:VSL
52GF Score
Vulcan Steel Ltd ASX:VSL
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Steel Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Vulcan Steel's Pretax Income for the fiscal year that ended in Jun. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=25.879+-2.861+-17.008+0.161+14.553
=20.7

Vulcan Steel's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=0.178+0.969+-15.434+1.028+23.945
=10.7

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$18.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of A$18.7 Mil mean?
Vulcan Steel (ASX:VSL) has a Pre-Tax Income of A$18.7 Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Vulcan Steel and its competitors.
Is Vulcan Steel's Pre-Tax Income too high?
Vulcan Steel's current Pre-Tax Income is A$18.7 Mil. Overall, Vulcan Steel has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Pre-Tax Income compare to NUE and STLD?
Vulcan Steel's Pre-Tax Income of A$18.7 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Steel company?
A good Pre-Tax Income depends on the Steel industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Vulcan Steel and its competitors. Vulcan Steel's current Pre-Tax Income is A$18.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.34, compared to a current price of A$5.17 — trading 18.5% below its estimated fair value. The current Pre-Tax Income is A$18.7 Mil. Vulcan Steel's overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Pre-Tax Income is A$18.7 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vulcan Steel (ASX:VSL) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued. The current stock price of A$5.17 is trading 18.5% below its estimated GF Value™ of A$6.34. GuruFocus considers Vulcan Steel to be Modestly Undervalued.

Key valuation signals for ASX:VSL:

  • Pre-Tax Income: A$18.7 Mil
  • GF Value™: A$6.34 vs. price of A$5.17 (18.5% below fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vulcan Steel Business Description

Other Exchanges VSL:New Zealand
Address 29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
52GF Score

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Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.17
Price
A$6.34
GF Value