Borealis Foods (BRLS) Tax Rate (2023 - 2025)
Borealis Foods' (BRLS) quarterly Tax Rate came in at 0.3% in Q2 2025, down 8.0% year-on-year from 0.33% in Q2 2024, and down 112.04% quarter-over-quarter from 2.53% in Q4 2024.
Borealis Foods (BRLS) Tax Rate (2023 - 2025) Analysis & Trends
Borealis Foods' Tax Rate history runs 3 years deep, the most recent figure standing at 0.3% for Q2 2025.
- On a quarterly basis, Tax Rate fell 8.0% year-over-year to 0.3% in Q2 2025; TTM through Sep 2025 was 0.73%, a 53.0% decrease from a year earlier, with the FY2024 full-year figure at 0.53%, down 68.0% from the prior year.
- Tax Rate declined to 0.3% in Q2 2025 per BRLS's latest filing, from 2.53% in the prior quarter.
- Across five years, Tax Rate topped out at 5.01% in Q4 2023 and bottomed at 0.3% in Q2 2025.
- The 3-year median for Tax Rate is 0.02% (2024), against an average of 0.97%.
- Biggest YoY gain for Tax Rate was 4 bps in 2024; the steepest drop was 248 bps in 2024.
- Year by year, Tax Rate stood at 5.01% in 2023, then tumbled by 49 bps to 2.53% in 2024, then slumped by 112 bps to 0.3% in 2025.
- Per Business Quant, the three latest BRLS Tax Rate figures stand at 0.3% (Q2 2025), 2.53% (Q4 2024), and 0.02% (Q3 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 20.89% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 10.77% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 23.63% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 28.84% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 22.29% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 21.99% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 32.34% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 11.46% |
| 10 | Borealis Foods | 18.67 Mn | 18.61 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -0.30% |
| Jun 30, 2025 | -0.30% |
| Jun 30, 2025 | -0.30% |
| Dec 31, 2024 | 2.53% |
| Dec 31, 2024 | 2.53% |
| Dec 31, 2024 | 2.53% |
| Sep 30, 2024 | -0.02% |
| Sep 30, 2024 | -0.02% |
| Sep 30, 2024 | -0.02% |
| Jun 30, 2024 | -0.22% |
| Jun 30, 2024 | -0.22% |
| Jun 30, 2024 | -0.22% |
| Dec 31, 2023 | 5.01% |
| Dec 31, 2023 | 5.01% |
| Dec 31, 2023 | 5.01% |
| Jun 30, 2023 | -0.18% |
| Jun 30, 2023 | -0.18% |
| Jun 30, 2023 | -0.18% |
| Mar 31, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |