CNFinance Holdings (CNF) Tax Rate (2017 - 2023)
CNFinance Holdings (CNF) reported Tax Rate of 19.39% for Q4 2023, up 1762.0% on a YoY basis from 1.04% in Q4 2022, and up 188.83% quarter-over-quarter from 21.82% in Q3 2023.
CNFinance Holdings (CNF) Tax Rate (2017 - 2023) Analysis & Trends
CNFinance Holdings has reported Tax Rate for 7 years, with the latest figure at 19.39% in Q4 2023.
- For the quarter ending Q4 2023, Tax Rate rose 1762.0% year-over-year to 19.39%; the trailing twelve-month figure through Dec 2023 stood at 19.99% (up 28.0% YoY), and the FY2025 full-year result was 11.34%, down 3309.0% from the prior year.
- Tax Rate for Q4 2023 stood at 19.39%, up from 21.82% in the prior quarter.
- The five-year high for Tax Rate was 19.39% in Q4 2023, with the low at 38.19% in Q2 2020.
- Historically, Tax Rate has averaged 18.44% across 5 years, with a median of 25.15% in 2019.
- Annual changes were most pronounced in 2020 — Tax Rate jumped 4167 bps — and 2021, when it slumped 4160 bps.
- CNFinance Holdings' Tax Rate stood at 27.48% in 2019, then soared by 32 bps to 18.67% in 2020, then soared by 31 bps to 12.82% in 2021, then jumped by 114 bps to 1.77% in 2022, then jumped by 995 bps to 19.39% in 2023.
- The last three Tax Rate figures came in at 19.39% (Q4 2023), 21.82% (Q3 2023), and 20.98% (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | 25.75% |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 21.37% |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | 30.91% |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | 4.01% |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | 27.78% |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | 3.08% |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | 3.80% |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | 0.31% |
| 10 | Greystone Housing Impact Investors | 120.06 Mn | 120.06 Mn | - | -0.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 19.39% |
| Dec 31, 2023 | 19.39% |
| Sep 30, 2023 | -21.82% |
| Sep 30, 2023 | -21.82% |
| Jun 30, 2023 | -20.98% |
| Jun 30, 2023 | -20.98% |
| Mar 31, 2023 | -26.28% |
| Mar 31, 2023 | -26.28% |
| Dec 31, 2022 | 1.77% |
| Dec 31, 2022 | 1.77% |
| Sep 30, 2022 | -26.62% |
| Sep 30, 2022 | -26.62% |
| Jun 30, 2022 | -15.31% |
| Jun 30, 2022 | -15.31% |
| Mar 31, 2022 | -26.32% |
| Mar 31, 2022 | -26.32% |
| Dec 31, 2021 | -12.82% |
| Dec 31, 2021 | -12.82% |
| Sep 30, 2021 | -25.67% |
| Sep 30, 2021 | -25.67% |