CNFinance Holdings (CNF) Tax Rate (2017 - 2023)
CNFinance Holdings' (CNF) quarterly Tax Rate came in at 19.39% in 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.
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CNFinance Holdings (CNF) Tax Rate (2017 - 2023) Analysis & Trends
CNFinance Holdings (CNF) has reported Tax Rate for 7 consecutive years, with 19.39% the latest figure, recorded 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 19.47%, up 229.0% from the prior year.
- Tax Rate grew to 19.39% in Q4 2023 per CNF's latest filing, 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.
- Historically, Tax Rate has averaged 20.29% across 5 years, with a median of 25.33% in 2019.
- The sharpest annual moves came in 2020 and 2021: Tax Rate tumbled 1248 bps in 2020, then jumped 2678 bps in 2021.
- Over 5 years, Tax Rate stood at 27.48% in 2019, then surged by 32 bps to 18.67% in 2020, then jumped by 32 bps to 12.78% in 2021, then soared by 114 bps to 1.77% in 2022, then soared by 995 bps to 19.39% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 19.39%, 21.82%, and 20.98% for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Federal National Mortgage Association Fannie Mae | 79.20 Bn | 79.20 Bn | - | 20.18% |
| 2 | Rocket Companies | 37.26 Bn | 34.15 Bn | - | 18.51% |
| 3 | Figure Technology Solutions | 8.07 Bn | 6.54 Bn | 196.67 Mn | -5.36% |
| 4 | PennyMac Financial Services | 3.60 Bn | 2.85 Bn | 480.08 Mn | 31.08% |
| 5 | Federal Agricultural Mortgage | 2.41 Bn | 1.38 Bn | - | 18.19% |
| 6 | CNFinance Holdings | 1.37 Bn | 1.37 Bn | - | - |
| 7 | Walker & Dunlop | 1.35 Bn | 1.19 Bn | - | -36.84% |
| 8 | Velocity Financial | 697.91 Mn | -6.75 Bn | - | 26.96% |
| 9 | UWM Holdings | 453.97 Mn | -44.44 Mn | - | 4.44% |
| 10 | Onity | 292.02 Mn | 95.72 Mn | - | 21.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 19.39% |
| Sep 30, 2023 | -21.82% |
| Jun 30, 2023 | -20.98% |
| Mar 31, 2023 | -26.28% |
| Dec 31, 2022 | 1.77% |
| Sep 30, 2022 | -26.62% |
| Jun 30, 2022 | -15.31% |
| Mar 31, 2022 | -26.32% |
| Dec 31, 2021 | -12.78% |
| Sep 30, 2021 | -25.67% |
| Jun 30, 2021 | -11.41% |
| Mar 31, 2021 | -25.46% |
| Dec 31, 2020 | -18.67% |
| Sep 30, 2020 | -32.95% |
| Jun 30, 2020 | -38.19% |
| Mar 31, 2020 | -20.10% |
| Dec 31, 2019 | -27.48% |
| Sep 30, 2019 | -25.89% |
| Jun 30, 2019 | -25.71% |
| Mar 31, 2019 | -25.19% |