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
DateValue
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%