Highway Holdings (HIHO) Tax Rate (2009 - 2023)

Highway Holdings (HIHO) reported Tax Rate of 2.67% for Q1 2023, up 241.0% year-over-year from 0.78% in Q1 2022, and down 95.37% quarter-over-quarter from 57.69% in Q4 2022.

Highway Holdings (HIHO) Tax Rate (2009 - 2023) Analysis & Trends

Highway Holdings (HIHO) has 14 years of Tax Rate data on file, last reported at 2.67% in Q1 2023.

  • Tax Rate for Q1 2023 came in at 2.67%, up 241.0% year-over-year; the trailing twelve-month figure through Mar 2023 was 0.01% (changed 0.0% YoY), and the FY2025 annual result was 25.85%, up 1172.0% from the prior year.
  • Tax Rate declined to 2.67% in Q1 2023 per HIHO's latest filing, from 57.69% in the prior quarter.
  • Over five years, Tax Rate peaked at 235.29% in Q4 2020 and troughed at 18.81% in Q4 2019.
  • A 5-year average of 45.09% and a median of 19.7% in 2023 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2020 and 2021: Tax Rate jumped 25410 bps in 2020, then plunged 19856 bps in 2021.
  • A 5-year view of Tax Rate shows it stood at 18.81% in 2019, then jumped by 1351 bps to 235.29% in 2020, then plunged by 84 bps to 36.73% in 2021, then surged by 57 bps to 57.69% in 2022, then slumped by 95 bps to 2.67% in 2023.
  • Business Quant data shows HIHO's Tax Rate at 2.67% in Q1 2023, 57.69% in Q4 2022, and 0.26% in Q1 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Carpenter Technology 29.34 Bn 29.04 Bn 251.80 Mn 21.00
2 Ati 27.51 Bn 27.23 Bn 262.90 Mn 11.79
3 Mueller Industries 14.99 Bn 13.61 Bn 358.44 Mn 24.80
4 Commercial Metals 8.04 Bn 7.54 Bn 387.91 Mn 15.23
5 Esab 6.48 Bn 6.34 Bn 257.79 Mn 19.79
6 Gpgi 3.86 Bn 3.85 Bn - -4.66
7 Worthington Enterprises 2.96 Bn 2.95 Bn 109.47 Mn 24.94
8 Proto Labs 1.93 Bn 1.79 Bn 63.59 Mn 28.28
9 Ryerson Holding 1.17 Bn 1.15 Bn 288.80 Mn 62.12
10 Highway Holdings 70.97 -5.15 Mn 292.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2023 2.67%
Mar 31, 2023 2.67%
Dec 31, 2022 57.69%
Dec 31, 2022 57.69%
Mar 31, 2022 0.26%
Mar 31, 2022 0.26%
Dec 31, 2021 36.73%
Dec 31, 2021 36.73%
Mar 31, 2021 0.04%
Mar 31, 2021 0.04%
Dec 31, 2020 235.29%
Dec 31, 2020 235.29%
Mar 31, 2020 46.86%
Mar 31, 2020 46.86%
Dec 31, 2019 -18.81%
Dec 31, 2019 -18.81%
Mar 31, 2017 -41.38%
Mar 31, 2017 -41.38%
Mar 31, 2016 -34.04%
Mar 31, 2016 -34.04%