Beyond Meat (BYND) Tax Rate (2018 - 2024)
Beyond Meat's (BYND) quarterly Tax Rate came in at 0.02% in Q3 2024, down 122.94% quarter-over-quarter from 0.1% in Q2 2024.
Beyond Meat (BYND) Tax Rate (2018 - 2024) Analysis & Trends
Beyond Meat's Tax Rate history runs 7 years deep, the most recent figure standing at 0.02% for Q3 2024.
- On a quarterly basis, Tax Rate changed N/A year-over-year to 0.02% in Q3 2024; TTM through Jun 2025 was 0.0%, a 1.0% decrease from a year earlier, with the FY2024 full-year figure at 0.02%, up 2.0% from the prior year.
- Tax Rate eased to 0.02% in Q3 2024 per BYND's latest filing, from 0.1% in the prior quarter.
- Across five years, Tax Rate topped out at 0.1% in Q2 2024 and bottomed at 0.29% in Q3 2020.
- The 5-year median for Tax Rate is 0.01% (2022), against an average of 0.04%.
- Across the five-year window, Tax Rate tumbled 259 bps in 2020 and soared 33 bps in 2021, its largest moves.
- Year by year, Tax Rate stood at 0.01% in 2020, then slumped by 427 bps to 0.04% in 2021, then surged by 55 bps to 0.02% in 2022, then jumped by 50 bps to 0.01% in 2023, then sank by 140 bps to 0.02% in 2024.
- Per Business Quant, the three latest BYND Tax Rate figures stand at 0.02% (Q3 2024), 0.1% (Q2 2024), and 0.0% (Q1 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 20.89 |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 10.77 |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 23.63 |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 28.84 |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 22.29 |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 21.99 |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | - |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 32.34 |
| 10 | Beyond Meat | 252.13 Mn | 56.77 Mn | 1.99 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 28, 2024 | -0.02 |
| Sep 28, 2024 | -0.02 |
| Sep 28, 2024 | -0.02 |
| Jun 29, 2024 | 0.10 |
| Jun 29, 2024 | 0.10 |
| Jun 29, 2024 | 0.10 |
| Mar 30, 2024 | 0.00 |
| Mar 30, 2024 | 0.00 |
| Mar 30, 2024 | 0.00 |
| Jul 1, 2023 | -0.01 |
| Jul 1, 2023 | -0.01 |
| Jul 1, 2023 | -0.01 |
| Dec 31, 2022 | -0.02 |
| Dec 31, 2022 | -0.02 |
| Dec 31, 2022 | -0.02 |
| Jul 2, 2022 | -0.01 |
| Jul 2, 2022 | -0.01 |
| Jul 2, 2022 | -0.01 |
| Apr 2, 2022 | -0.01 |
| Apr 2, 2022 | -0.01 |