Borealis Foods (BRLSW) Tax Rate (2023 - 2025)
Borealis Foods (BRLSW) recorded quarterly Tax Rate of 0.3% in Q2 2025, down 112.04% quarter-over-quarter from 2.53% in Q4 2024, and down 8.0% on a YoY basis from 0.33% in Q2 2024.
Borealis Foods (BRLSW) 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.
- In Q2 2025, Tax Rate fell 8.0% year-over-year to 0.3%; the TTM figure through Sep 2025 stood at 0.73% (down 53.0% YoY), while the FY2024 annual figure was 0.53%, down 68.0% from the prior year.
- Tax Rate was 0.3% for Q2 2025 at Borealis Foods, down from 2.53% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 5.01% in Q4 2023 to a low of 0.3% in Q2 2025.
- Historically, Tax Rate has averaged 0.97% across 3 years, with a median of 0.02% in 2024.
- Biggest YoY gain for Tax Rate was 4 bps in 2024; the steepest drop was 248 bps in 2024.
- A 3-year view of Tax Rate shows it stood at 5.01% in 2023, then sank by 49 bps to 2.53% in 2024, then plunged by 112 bps to 0.3% in 2025.
- The last three Tax Rate figures came in at 0.3% (Q2 2025), 2.53% (Q4 2024), and 0.02% (Q3 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Paranovus Entertainment Technology | 75,216.52 Bn | 75,216.52 Bn | - | - |
| 2 | Kraft Heinz | 26.76 Bn | 22.68 Bn | 2.22 Bn | 20.89% |
| 3 | General Mills | 17.79 Bn | 17.02 Bn | 1.37 Bn | 24.28% |
| 4 | Jbs | 13.93 Bn | 9.37 Bn | 2.32 Bn | -21.74% |
| 5 | Hormel Foods | 13.00 Bn | 12.16 Bn | 518.51 Mn | 23.63% |
| 6 | Mccormick | 12.70 Bn | 13.10 Bn | 708.90 Mn | 26.32% |
| 7 | Magnum Ice Cream | 12.17 Bn | 11.70 Bn | - | - |
| 8 | J M Smucker | 11.05 Bn | 10.99 Bn | 827.80 Mn | -11.09% |
| 9 | Smithfield Foods | 10.57 Bn | 9.49 Bn | 511.00 Mn | 22.29% |
| 10 | Borealis Foods | - | - | 1.04 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -0.30% |
| Jun 30, 2025 | -0.30% |
| Dec 31, 2024 | 2.53% |
| Dec 31, 2024 | 2.53% |
| Sep 30, 2024 | -0.02% |
| Sep 30, 2024 | -0.02% |
| Jun 30, 2024 | -0.22% |
| Jun 30, 2024 | -0.22% |
| Dec 31, 2023 | 5.01% |
| Dec 31, 2023 | 5.01% |
| Jun 30, 2023 | -0.18% |
| Jun 30, 2023 | -0.18% |
| Mar 31, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |