CNFinance Holdings (CNF) Tax Rate (2017 - 2023)
CNFinance Holdings' (CNF) quarterly Tax Rate came in at 19.39% in Q4 2023, up 1762.0% YoY from 1.04% in Q4 2022, and up 188.83% on a QoQ basis from 21.82% in Q3 2023.
CNFinance Holdings (CNF) Tax Rate (2017 - 2023) Analysis & Trends
CNFinance Holdings (CNF) has 7 years of Tax Rate data on file, last reported at 19.39% in 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 25.0%, down 7554.0% from the prior year.
- Tax Rate climbed to 19.39% in Q4 2023, from 21.82% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 19.39% in Q4 2023 to a low of 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 slumped 1248 bps — and 2021, when it soared 2678 bps.
- Tracing CNF's Tax Rate over 5 years: stood at 27.48% in 2019, then soared by 32 bps to 18.67% in 2020, then surged by 31 bps to 12.97% in 2021, then surged 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 | 39.89 Bn | 36.79 Bn | - | 18.51% |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 20.18% |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 19.61% |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 31.08% |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | -36.84% |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 26.96% |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 4.44% |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 21.19% |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | -0.08% |
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% |