Healthcare Triangle (HCTI) Tax Rate (2020 - 2026)
Healthcare Triangle (HCTI) posted Tax Rate of 0.3% for Q4 2024, down 85.57% sequentially from 0.16% in Q3 2024, and up 12.0% YoY from 0.27% in Q1 2024.
Healthcare Triangle (HCTI) Tax Rate (2020 - 2026) Analysis & Trends
Healthcare Triangle has reported Tax Rate for 5 years, with the latest figure at 0.3% in Q4 2024.
- Quarterly Tax Rate rose 12.0% year-over-year to 0.3% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 0.2% (up 20.0% YoY) and the FY2024 annual result came in at 0.2%, up 20.0% from the prior year.
- Tax Rate slipped to 0.3% in Q4 2024 per HCTI's latest filing, from 0.16% in the prior quarter.
- Over five years, Tax Rate peaked at 19.48% in Q4 2020 and troughed at 18.9% in Q3 2020.
- A 5-year average of 0.54% and a median of 0.29% in 2023 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 1885 bps in 2021, down 2003 bps in 2021.
- Over 5 years, Tax Rate stood at 19.48% in 2020, then sank by 103 bps to 0.55% in 2021, then tumbled by 700 bps to 4.43% in 2022, then jumped by 91 bps to 0.42% in 2023, then climbed by 29 bps to 0.3% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 0.3%, 0.16%, and 0.07% for Q4 2024, Q3 2024, and Q2 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 24.92% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 7.39% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 24.88% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 3.83% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 1.67% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -101.09% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 27.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 39.76% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -0.14% |
| 10 | Healthcare Triangle | 3.39 Mn | 1.40 Mn | 2.07 Mn | -0.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.55% |
| Jun 30, 2026 | -0.55% |
| Jun 30, 2026 | -0.55% |
| Dec 31, 2024 | -0.30% |
| Dec 31, 2024 | -0.30% |
| Dec 31, 2024 | -0.30% |
| Sep 30, 2024 | -0.16% |
| Sep 30, 2024 | -0.16% |
| Sep 30, 2024 | -0.16% |
| Jun 30, 2024 | -0.07% |
| Jun 30, 2024 | -0.07% |
| Jun 30, 2024 | -0.07% |
| Mar 31, 2024 | -0.27% |
| Mar 31, 2024 | -0.27% |
| Mar 31, 2024 | -0.27% |
| Dec 31, 2023 | -0.42% |
| Dec 31, 2023 | -0.42% |
| Dec 31, 2023 | -0.42% |
| Sep 30, 2023 | -0.21% |
| Sep 30, 2023 | -0.21% |