CNFinance Holdings (CNF) Tax Rate (2017 - 2023)
CNFinance Holdings (CNF) posted Tax Rate of 19.39% for Q4 2023, up 188.83% on a QoQ basis from 21.82% in Q3 2023, and up 1762.0% year-over-year from 1.04% in Q4 2022.
CNFinance Holdings (CNF) Tax Rate (2017 - 2023) Analysis & Trends
CNFinance Holdings' Tax Rate history runs 7 years deep, the most recent figure standing at 19.39% for Q4 2023.
- Quarterly Tax Rate rose 1762.0% year-over-year to 19.39% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 19.99% (up 28.0% YoY) and the FY2025 annual result came in at 19.47%, down 229.0% from the prior year.
- Tax Rate was 19.39% for Q4 2023 at CNFinance Holdings, up from 21.82% in the prior quarter.
- Across five years, Tax Rate topped out at 19.39% in Q4 2023 and bottomed at 38.19% in Q2 2020.
- A 5-year average of 20.31% and a median of 25.43% in 2019 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate sank 1248 bps — and 2021, when it soared 2678 bps.
- CNFinance Holdings' Tax Rate stood at 27.48% in 2019, then surged by 32 bps to 18.67% in 2020, then jumped by 31 bps to 12.97% in 2021, then jumped by 114 bps to 1.77% in 2022, then soared by 995 bps to 19.39% in 2023.
- Business Quant data shows CNF's Tax Rate at 19.39% in Q4 2023, 21.82% in Q3 2023, and 20.98% in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 25.75% |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 20.24% |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 19.70% |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 21.37% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 30.91% |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 27.78% |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 4.01% |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 3.08% |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 3.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 19.39% |
| Dec 31, 2023 | 19.39% |
| Dec 31, 2023 | 19.39% |
| Sep 30, 2023 | -21.82% |
| Sep 30, 2023 | -21.82% |
| Sep 30, 2023 | -21.82% |
| Jun 30, 2023 | -20.98% |
| Jun 30, 2023 | -20.98% |
| Jun 30, 2023 | -20.98% |
| Mar 31, 2023 | -26.28% |
| Mar 31, 2023 | -26.28% |
| Mar 31, 2023 | -26.28% |
| Dec 31, 2022 | 1.77% |
| Dec 31, 2022 | 1.77% |
| Dec 31, 2022 | 1.77% |
| Sep 30, 2022 | -26.62% |
| Sep 30, 2022 | -26.62% |
| Sep 30, 2022 | -26.62% |
| Jun 30, 2022 | -15.31% |
| Jun 30, 2022 | -15.31% |